Title
Recommendation to Authorize the City Manager to Execute an Agreement with Keyser Marston Associates, Inc. for Economic and Financial Consulting Services for an Initial Term of One Year for a Total Not-to-Exceed Cost of $200,000, with the Option of Four One-Year Extensions at $150,000 Per Year, in an Amount Not-to-Exceed $800,000. (Base Reuse and Economic Development 29061822)
Body
To: Honorable Mayor and Members of the City Council
From: Jennifer Ott, City Manager
EXECUTIVE SUMMARY
Staff recommends the City Council authorize the City Manager to enter into an agreement with Keyser Marston Associates, Inc. (KMA) for specialized economic and financial consulting services related to development projects, property dispositions, and lease negotiations and other real estate and land economic priorities at Alameda Point and other City of Alameda (City) initiatives. The agreement is for an initial term of one (1) year for a budget not-to-exceed $200,000, with the option for four (4) one-year extensions with an annual budget of $150,000 per year, for a total contract amount not-to-exceed $800,000 over five (5) years.
BACKGROUND
The Base Reuse and Economic Development Department oversees complex real estate and development projects requiring specialized economic and financial analysis. On-call consultant service agreements are used for services requiring expertise that City staff does not have and/or to supplement City staff during peak work demand.
In December 2019, the City issued a Request for Qualification (RFQ) for on-call consulting services for economic and financial consulting. As a result of that process, City Council approved an agreement with KMA to provide these on-call services based on their expertise and proven ability to deliver successful project outcomes.
KMA's prior and ongoing work includes financial feasibility assessments for Alameda Point, fiscal impact analyses, and structuring public-private partnership agreements. Its specialized e...
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