Title
Recommendation to Authorize the City Manager to Execute a One-Year Agreement with Keyser Marston Associates, Inc. in an Amount Not to Exceed $150,000, with the Option to Extend for up to Two Additional Years for a Total Compensation of $450,000 for On-Call Economic and Financial Consulting at Alameda Point. (Community Development 819099)
Body
To: Honorable Mayor and Members of the City Council
EXECUTIVE SUMMARY
This report requests authorization of an agreement for on-call economic and financial consultation for 2021, with up to two, one-year extensions. All work under this agreement will be restricted to funds appropriated and available for the specific projects for which work is assigned.
BACKGROUND
On-call consultant service agreements are used for services requiring expertise that City of Alameda (City) staff does not have and/or to supplement City staff during peak work demand. Currently, there is a need for economic and financial services for current and upcoming development projects, financial due diligence, fiscal impact analysis, financial deal structuring and other such services.
On December 19, 2019, the City issued a Request for Qualification (RFQ) for on-call consulting services for economic and financial consulting. A total of seven (7) Statement of Qualifications were received.
City staff reviewed each firm based on the proposal packages submitted. The proposals were evaluated based on the ability of the firm to perform the proposed scope of work, relevant experience, client references, and overall completeness of the proposal and project approach.
Based on the results of the evaluation, staff is recommending Keyser Marston for on-call services for the services outlined in the scope of work.
DISCUSSION
Keyser Marston has one of the largest real estate advisory practices on the West Coast. Among the firm's primary concentrations are highest and best use analysis, disposition strategies for publicly-owned sites, market demand a...
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