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HomeMy WebLinkAboutresolution.council.091-01 RESOLUTION if! (Series of 200 1) A RESOLUTION APPROVING A CONTRACT BETWEEN THE CITY OF ASPEN, COLORADO, AND ECONOMIC PLANNING SYSTEMS SETTING FORTH THE TERMS AND CONDITIONS REGARDING THE HOUSING MASTER PLAN STUDY AND AUTHORIZING THE CITY MANAGER TO EXECUTE SAID CONTRACT WHEREAS, there has been submitted to the City Council a contract between the City of Aspen, Colorado, and Economic Planning Systems, a copy of which contract is annexed hereto and made a part thereof. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ASPEN, COLORADO: Section 1 That the City Council of the City of Aspen hereby approves that contract between the City of Aspen, Colorado, and Economic Planning Systems regarding the housing master plan study, a copy of which is annexed hereto and incorporated herein, and does hereby authorize the City Manager of the City of Aspen to execute said contract on behalf of the City of Aspen. Dated: ~A)~I ~! I, Kathryn S. Koch, duly appointed and acting City Clerk do certify that the foregoing is a true and accurate copy of that resolution adopted by the City Council of the city of Aspen, Colorado, at a meeting held September 24, 2001. ~J~K%L~^- Kat S. och, City Clerk AGREEMENT FOR PROFESSIONAL SERVICES This Agreement made and entered on the date hereinafter stated, between the CITY OF ASPEN, Colorado, ("City") and Economic Planning Systems, Denver, CO, ("Professional"). For and in consideration of the mutual covenants contained herein, the parties agree as follows: 1. Scope of Work. Professional shall perform in a competent and professional manner the Scope of Work as set forth at Exhibit "A" attached hereto and by this reference incorporated herein. 2. Completion. Professional shall commence work immediately upon receipt of a written Notice to Proceed from the City and complete all phases of the Scope of Work as expeditiously as is consistent with professional skill and care and the orderly progress of the Work in a timely manner. The parties anticipate that all work pursuant to this agreement shall be completed no later than December 24, 2001. Upon request of the City, Professional shall submit, for the City's approval, a schedule for the performance of Professional's services which shall be adjusted as required as the project proceeds, and which shall include allowances for periods of time required by the City's project engineer for review and approval of submissions and for approvals of authorities having jurisdiction over the project. This schedule, when approved by the City, shall not, except for reasonable cause, be exceeded by the Professional. 3. Payment. In consideration of the work performed, City shall pay Professional on a time and expense basis for all work performed. The hourly rates for work performed by Professional shall not exceed those hourly rates set forth at Exhibit "B" appended hereto. Except as otherwise mutually agreed to by the parties the payments made to Professional shall not initially exceed $144,570.00. Professional shall submit, in timely fashion, invoices for work performed. The City shall review such invoices and, if they are considered incorrect or untimely, the City shall review the matter with Professional within ten days from receipt of the Professiona- l's bill. 4. Non-Assignability. Both parties recognize that this contract is one for personal services and cannot be transferred, assigned, or sublet by either party without prior written consent of the other. Sub-Contracting, if authorized, shall not relieve the Professional of any of the responsibilities or obligations under this agreement. Professional shall be and remain solely responsible to the City for the acts, errors, omissions or neglect of any subcontractors officers, agents and employees, each of whom shall, for this purpose be deemed to be an agent or employee of the Professional to the extent of the subcontract. The City shall not be obligated to payor be liable for payment of any sums due which may be due to any sub-contractor. 5. Termination. The Professional or the City may terminate this Agreement, without specifying the reason therefor, by giving notice, in writing, addressed to the other party, PS 1-971. doc Page 1 specifying the effective date of the termination. No fees shall be earned after the effective date of the termination. Upon any termination, all finished or unfinished documents, data, studies, surveys, drawings, maps, models, photographs, reports or other material prepared by the Professional pursuant to this Agreement shall become the property of the City. Notwithstanding the above, Professional shall not be relieved of any liability to the City for damages sustained by the City by virtue of any breach of this Agreement by the Professional, and the City may withhold any payments to the Professional for the purposes of set-off until such time as the exact amount of damages due the City from the Professional may be determined. 6. Covenant Against Contingent Fees. The Professional warrants that s/he has not employed or retained any company or person, other than a bona fide employee working for the Professional, to solicit or secure this contract, that slhe has not paid or agreed to pay any company or person, other than a bona fide employee, any fee, commission, percentage, brokerage fee, gifts or any other consideration contingent upon or resulting from the award or making of this contract. 7. Independent Contractor Status. It is expressly acknowledged and understood by the parties that nothing contained in this agreement shall result in, or be construed as establishing an employment relationship. Professional shall be, and shall perform as, an independent Contractor who agrees to use his or her best efforts to provide the said services on behalf of the City. No agent, employee, or servant of Professional shall be, or shall be deemed to be, the employee, agent or servant of the City. City is interested only in the results obtained under this contract. The manner and means of conducting the work are under the sole control of Professional. None of the benefits provided by City to its employees including, but not limited to, workers' compensation insurance and unemployment insurance, are available from City to the employees, agents or servants of Professional. Professional shall be solely and entirely responsible for its acts and for the acts of Professional's agents, employees, servants and subcontractors during the performance of this contract. Professional shall indemnify City against all liability and loss in counection with, and shall assume full responsibility for payment of all federal, state and local taxes or contributions imposed or required under unemployment insurance, social security and income tax law, with respect to Professional and/or Professional's employees engaged in the performance of the services agreed to herein. 8. Indemnification. Professional agrees to indenmify and hold harmless the City, its officers, employees, insurers, and self-insurance pool, from and against all liability, claims, and demands, on account of injury, loss, or damage, including without limitation claims arising from bodily injury, personal injury, sickness, disease, death, property loss or damage, or any other loss of any kind whatsoever, which arise out of or are in any manner counected with this contract, if such injury, loss, or damage is caused in whole or in part by, or is claimed to be caused in whole or in part by, the act, omission, error, professional error, mistake, negligence, or other fault of the Professional, any subcontractor of the Professional, or any officer, employee, representative, or agent of the Professional or of any subcontractor of the Professional, or which arises out of any workmen's compensation claim of any employee of the Professional or of any employee of any subcontractor of the Professional. The Professional PSl-971.doc Page 2 agrees to investigate, handle, respond to, and to proVide defense for and defend against, any such liability, claims or demands at the sole expense of the Professional, or at the option of the City, agrees to pay the City or reimburse the City for the defense costs incurred by the City in counection with, any such liability, claims, or demands. If it is determined by the final judgment of a court of competent jurisdiction that such injury, loss, or damage was caused in whole or in part by the act, omission, or other fault of the City, its officers, or its employees, the City shall reimburse the Professional for the portion of the judgment attributable to such act, omission, or other fault of the City, its officers, or employees. 9. Professional's Insurance. (a) Professional agrees to procure and maintain, at its own expense, a policy or policies of insurance sufficient to insure against all liability, claims, demands, and other obligations assumed by the Professional pursuant to Section 8 above. Such insurance shall be in addition to any other insurance requirements imposed by this contract or by law. The Professional shall not be relieved of any liability, claims, demands, or other obligations assumed pursuant to Section 8 above by reason of its failure to procure or maintain insurance, or by reason of its failure to procure or maintain insurance in sufficient amounts, duration, or types. (b) Professional shall procure and maintain, and shall cause any subcontractor of the Professional to procure and maintain, the minimum insurance coverages listed below. Such coverages shall be procured and maintained with forms and insurance acceptable to the City. All coverages shall be continuously maintained to cover all liability, claims, demands, and other obligations assumed by the Professional pursuant to Section 8 above. In the case of any claims- made policy, the necessary retroactive dates and extended reporting periods shall be procured to maintain such continuous coverage. (i) Workmen's Compensation insurance to cover obligations imposed by applicable laws for any employee engaged in the performance of work under this contract, and Employers' Liability insurance with minimum limits of FIVE HUNDRED THOUSAND DOLLARS ($500,000.00) for each accident, FIVE HUNDRED THOUSAND DOLLARS ($500,000.00) disease - policy limit, and FIVE HUNDRED THOUSAND DOLLARS ($500,000.00) disease - each employee. Evidence of qualified self-insured status may be substituted for the Workmen's Compensation requirements of this paragraph. (ii) Commercial General Liability insurance with minimum combined single limits of ONE MILLION DOLLARS ($1,000,000.00) each occurrence and ONE MILLION DOLLARS ($1,000,000.00) aggregate. The policy shall be applicable to all premises and operations. The policy shall include coverage for bodily injury, broad form property damage (including completed operations), personal injury (including coverage for contractual and employee acts), blanket contractual, independent contractors, products, and completed operations. The policy shall contain a severability of interests provision. (iii) Comprehensive Automobile Liability insurance with minimum combined single limits for bodily injury and property damage of not less than ONE MILLION PSl-971.doc Page 3 DOLLARS ($1,000,000.00) each occutrence and ONE MILLION DOLLARS ($1,000,000.00) aggregate with respect to each Professional's owned, hired and non- owned vehicles assigned to or used in performance of the Scope of Work. The policy shall contain a severability of interests provision. If the Professional has no owned automobiles, the requirements of this Section shall be met by each employee of the Professional providing services to the City under this contract. (iv) Professional Liability insurance with the minimum limits of ONE MILLION DOLLARS ($1,000,000) each claim and ONE MILLION DOLLARS ($1 ,000,000) aggregate. ( c) The policy or policies required above shall be endorsed to include the City and the City's officers and employees as additional insureds. Every policy required above shall be primary insurance, and any insurance carried by the City, its officers or employees, or carried by or provided through any insurance pool of the City, shall be excess and not contributory insurance to that provided by Professional. No additional insured endorsement to the policy required above shall contain any exclusion for bodily injury or property damage arising from completed operations. The Professional shall be solely responsible for any deductible losses under any policy required above. (d) The certificate of insurance provided by the City shall be completed by the Professional's insurance agent as evidence that policies providing the required coverages, condi- tions, and minimum limits are in full force and effect, and shall be reviewed and approved by the City prior to commencement of the contract. No other form of certificate shall be used. The certificate shall identify this contract and shall provide that the coverages afforded under the policies shall not be canceled, terminated or materially changed until at least thirty (30) days prior written notice has been given to the City. (e) Failure on the part of the Professional to procure or maintain policies providing the required coverages, conditions, and minimum limits shall constitute a material breach of contract upon which City may immediately terminate this contract, or at its discretion City may procure or renew any such policy or any extended reporting period thereto and may pay any and all premiums in counection therewith, and all monies so paid by City shall be repaid by Professional to City upon demand, or City may offset the cost of the premiums against monies due to Professional from City. (f) City reserves the right to request and receive a certified copy of any policy and any endorsement thereto. (g) The parties hereto understand and agree that City is relying on, and does not waive or intend to waive by any provision of this contract, the monetary limitations (presently $150,000.00 per person and $600,000 per occurrence) or any other rights, immunities, and protections provided by the Colorado Governmental Immunity Act, Section 24-10-101 et seq., PSl-971.doc Page 4 C.R.S., as from time to time amended, or otherwise available to City, its officers, or its employees. 10. City's Insurance. The parties hereto understand that the City is a member of the Colorado Intergovernmental Risk Sharing Agency (CIRSA) and as such participates in the CIRSA Property/Casualty Pool. Copies of the CIRSA policies and manual are kept at the City of Aspen Finance Department and are available to Professional for inspection during normal business hours. City makes no representations whatsoever with respect to specific coverages offered by CIRSA. City shall provide Professional reasonable notice of any changes in its membership or participation in CIRSA. 11. Completeness of Agreement. It is expressly agreed that this agreement contains the entire undertaking of the parties relevant to the subject matter thereof and there are no verbal or written representations, agreements, warranties or promises pertaining to the project matter thereof not expressly incorporated in this writing. 12. Notice. Any written notices as called for herein may be hand delivered to the respective persons and/or addresses listed below or mailed by certified mail return receipt requested, to: City: Ed Sadler, Assistant City Mgr. City of Aspen 130 South Galena Street Aspen, Colorado 81611 Professional : Dan Guimond, V.P. EPS 730 17th Street, Suite 630 Denver, CO 80202-3511 13. Non-Discrimination. No discrimination because of race, color, creed, sex, marital status, affectional or sexual orientation, family responsibility, national origin, ancestry, handicap, or religion shall be made in the employment of persons to perform services under this contract. Professional agrees to meet all of the requirements of City's municipal code, Section 13-98, pertaining to non-discrimination in employment. 14. Waiver. The waiver by the City of any term, covenant, or condition hereof shall not operate as a waiver of any subsequent breach of the same or any other term. No term, covenant, or condition of this Agreement can be waived except by the written consent of the City, and forbearance or indulgence by the City in any regard whatsoever shall not constitute a waiver of any term, covenant, or condition to be performed by Professional to which the same may apply and, until complete performance by Professional of said term, covenant or condition, the City shall be entitled to invoke any remedy available to it under this Agreement or by law despite any such forbearance or indulgence. 15. Execution of Agreement by City. This agreement shall be binding upon all parties hereto and their respective heirs, executors, administrators, successors, and assigns. Notwith- PS 1-971. doc Page 5 standing anything to the contrary contained herein, this agreement shall not be binding upon the City unless duly executed by the Mayor of the City of Aspen (or a duly authorized official in his absence) following a Motion or Resolution of the Council of the City of Aspen authorizing the Mayor (or a duly authorized official in his absence) to execute the same. 16. General Terms. (a) It is agreed that neither this agreement nor any of its terms, provisions, conditions, representations or covenants can be modified, changed, terminated or amended, waived, superseded or extended except by appropriate written instrument fully executed by the parties. (b) If any of the provisions of this agreement shall be held invalid, illegal or unenforceable it shall not affect or impair the validity, legality or enforceability of any other provision. (c) The parties acknowledge and understand that there are no conditions or limitations to this understanding except those as contained herein at the time of the execution hereof and that after execution no alteration, change or modification shall be made except upon a writing signed by the parties. (d) This agreement shall be governed by the laws of the State of Colorado as from time to time in effect. IN WITNESS WHEREOF, the parties hereto have executed, or caused to be executed by their duly authorized officials, this Agreement in three copies each of which shall be deemed an original on the date hereinafter written. [SIGNATURES ON FOLLOWING PAGE] ATTESTED BY: CITY OF ASPEN, COLORADO: PSl-971.doc Page 6 By: ~ 6I~ Title: Gf7I H~fY::3 [JP Date: 1jz.-'S'(CYJ PROFESSIONAL: WITNESSED BY: ~ J,-+ I~' By: ..-7~ ~/?~ Title: Date: PSl-971.doc Page 7 Aspen Affordable Housing Phased Development Master Plan Economic & Planning Systems September 18, 2001 EXHIBIT A: SCOPE OF SERVICES The master plan will include a detailed analysis of each site, including a pro forma, cost estimates, revenue projections, recommended financing, and recommended development approach. As proposed, the study would include ten tasks. Each task will be concluded with the preparation of a technical memorandum summarizing the analysis and conclusions. This format will allow the City to have an active role in project direction. The mid-project presentations increase the opportunities for the City and community members to be involved in the process. It is envisioned that the master plan can be quickly assembled from the interim work products at the end of the study. TASK 1: PROJECT START-UP There has been a tremendous volume of work already completed on the housing program and potential sites. EPS would obtain all of the studies, reports and plans and quickly get up to speed on the issues to be addressed in the master plan. EPS will develop a list of key assumptions, objectives and issues to be resolved from this review. This information will then be clarified and confirmed or modified through a series of personal interviews with key stakeholders. The consultant team will work with the City's project manager to develop the list of community representatives to interview. o Collect all previous studies, reports, and plans. o Review and analyze all work. o Interview key community stakeholders (note that some interviews may need to be privileged). o Construct a list of project goals and objectives and issues to be resolved in the phased development master plan. o Propose any necessary changes to the project scope based on the analysis. Product: Technical Memorandum #1 summarizing conclusions from previous studies, project interviews and project goals and objectives, and issues to be addressed. TASK 2: NEEDS ASSESSMENT This task addresses the targets that have been identified for housing production over the next decade. EPS will estimate the type and wage level of jobs and estimate the household formation rates to determine housing demand by type and price range. EPS will also estimate the housing need represented by current employees living in or commuting into Aspen. The intent of this work is to quantifY the type and price range of units as represented by the demand side of the equation. The housing need will be quantified in ranges that represent different proportions of income levels, based on the 1 Aspen Affordable Housing Phased Development Master Plan Economic & Planning Systems September 18, 2001 existing standards of the Housing Office for Category 1 through Category 4 housing units. . Review and evaluate the goals and assumptions from the AACP plan regarding desire to create housing for local working residents, ranging from 800 to 1,300 units over the next ten years. . Assess housing need based on projected job creation as well as current deficits. . Assess housing need specific to critical workers. Evaluate housing need in terms of the number of critical workers living outside the community. . Assess current housing goals in terms of the distribution of units among Categories 1, 2,3,4 and RO units . Develop income profiles based on estimate of jobs and current households. . Identify the type and price range of housing needed to meet the target population. . Estimate the funding required, based on need for additional housing. Product: Technical Memorandum #2: Needs Assessment TASK 3: SITE ANALYSES In this task, the EPS team will evaluate the preliminary development plans for identified sites and prepare development concept prototypes for the infill and buy down options. We will also identify alternative sites that could be made available for housing through land trades or development agreements. For instance, there may be preferable sites for housing on the Burlingame Ranch property. In the event that our analysis results in significant modifications to a site's development program, we are prepared to provide the City and Housing Office with alternative site plans that show the recommended capacity. The purpose of the site plans is to provide sufficient information and a basis that can be used to estimate development costs and feasibility and to compare and contrast development options. It is not intended that this site work resolve all outstanding design issues. The priority of the consulting team will be to use the existing design work and research that has already been completed to evaluate the sites. In the event additional design work is needed, the team will incorporate environmentally sustainable design principles into all of its work. . Review development plans for each site, including Aspen Mass, Burlingame Parcel D and Ranch, and US Forest Service Site (including a potential land trade). . Identify alternative development options or sites that could be made available through land trades or development agreements. . Utilize case studies create prototypical development concepts for the infill and buy down options. . Develop concept plans for the Rio Grande, Cozy Point, and Truscott Phase 3 parcels if determined to be potential options. . Identify the strengths and weaknesses of the proposed development for each site. 2 Aspen Affordable Housing Phased Development Master Plan Economic & Planning Systems September 18, 2001 . Quantify the factors that affect the development potential, such as; Modifications to current designs that could improve quality, livability, and economic viability. Infrastructure availability and cost. Land availability to replicate prototypes for buy-down and in-fill development. Constraints such as topography. Access, required transportation improvements, and traffic considerations. Environmentally sustainable design. Other factors, such as ownership, potential for a land trade regarding the US Forest Service site, community considerations, etc. If desired by the City, the team is prepared to evaluate additional sites and provide design services for any of the sites that may warrant it. The scope of work and budget have been prepared with a focus on using current designs to assess development potential and to provide conceptual site studies for those without existing designs, as needed. During the course of the project, additional design work may be needed for specific sites for the City and the consultant team to fully understand the development potential, costs, and revenues. The EPS team is prepared to expand the scope and budget to provide these services, if needed. Product: Technical Memorandum # 3 including development concepts for all sites to be evaluated and. an associated development program. TASK 4: FUNDING SOURCES AND FINANCING CONCEPTS Thi~ task will entail forecasting funding levels for identified revenue sources as well as identifying alternative sources. These could include local funding sources, such as mitigation fees, as well as state and federal funding sources, such as grants or tax credits. Based on the forecasts of available funding, EPS will then determine options and strategies for leveraging the available dollars. The applicable financing options will be used for all projects under consideration. . Identify all potential funding sources. . Forecast annual revenues by source for the IO-year analysis period. . Identify financing options and strategies to leverage available funds. . Forecast revenue attributable for each future development or prototype. Product: Technical Memorandum #4: Funding Sources and Financing Strategies TASK 5; PRELIMINARY DEVELOPMENT COST ANALYSIS Shaw Construction and Coburn Development will estimate development and construction costs for each of the sites based on the development programs defined in Task 3. We will 3 Aspen Affordable Housing Phased Development Master Plan Economic & Planning Systems September 18, 2001 provide estimates based on current, locally accurate construction costs for improvements and site work. The cost analysis will be based on the use of environmentally sustainable materials and marginal cost increases resulting from the use of "Green Technology" will be included in the analysis, where needed. Prom this information, economic factors such as the cost per unit and cost per bedroom can be provided to understand the relative strengths and weaknesses for each development opportunity. The cost information, by project and in aggregate, will also provide a basis for a comparison of costs with available revenues. EPS will develop alternative development scenarios based on project costs and available revenues to provide a basis for identifying project priorities. . Develop cost estimates of the current development scenarios/ prototypes. . Based on the factors used in Task 3, estimate costs for modified development programs. . Document all assumptions used to determine estimates. . Identify the cost per unit required to develop each site or prototype. . Quantify the development costs of all projects and types in aggregate. Product: Technical Memorandum #5: Preliminary Project Cost Analysis TASK 6: STAKEHOLDER INTERVIEWS AND COMMUNITY OUTREACH. This task will review the analysis to date and provide an opportunity for comment and policy input. The community review will take several forms including an open house, interviews with stakeholders, and culminating with a public presentation to City Council. The information gathered during these discussions will ensure that the development programs under consideration and analysis are generally consistent with the expectations of the client. It is an opportunity for the City and key members of the community to review the evaluations and provide direction prior to the consultant team conducting its detailed financial analysis. . Hold open house presenting information on development concepts and presenting information on project costs and available revenues. . Interview key community stakeholders. . Provide copies of work completed to date to members of the Housing Board. . Present work completed to date to City Council. . Revise development concepts based on community input, responses from the Housing Board and the BOCC, and direction from the City Council. Product: Technical Memorandum #6 summarizing community input and policy direction for project completion. 4 Aspen Affordable Housing Phased Development Master Plan Economic & Planning Systems September 18, 2001 TASK 7 PROJECT FINANCIAL EVALUATION The first step in this task will be to provide a financial pro forma for each of the development projects. The factors used in the financial analysis will be the development costs and funding derived from previous tasks. Aunique development approach and funding program will be recommended for each project based on the development program, acquisition status, and development structure. This will be done by refining the options and recommending an optimal development program for each site that remains viable. Based on the experience of the team in other communities and projects, we will provide a number of development approaches that can be considered by the City for the different sites included in the master plan. The EPS team will recommend a specific development method for each site, which will lend itself to the proposed development program and which will create the most economic efficiency. . Refine development concepts based on the community responses as well as the preliminary analysis by the consultant team. . Identify the optimal development program for each site based on the quality of the design. . Using the refined development programs, estimate costs and develop a project pro forma for each site. . Document assumptions and identify all variables, including the following: Estimated costs Funding by source and timing Recommended development approach (i.e., design-build, public-private partnership, private sector development with owner's representative, public staff as developer, etc.) Product: Technical Memorandum #7: Development Pro Formas TASK 8: EVALUATE AND PRIORITIZE PROJECTS This task will address evaluation of development projects and development phasing. The EPS team will develop a series of evaluation criteria for prioritizing the development projects. We will then develop objective, primarily economic measures to be applied to each criterion to determine which projects are most feasible and which are the highest priority. The sites will be prioritized using the analysis generated in the previous tasks. Both quantitative and qualitative factors will be considered to prioritize the sites, reflecting the desire of the community to create high quality, livable developments. A significant weighting in the recommendation will be based on economic performance, focusing on the sites that provide the greatest level of housing product with the lowest level of subsidy. Other factors will be noted in the evaluation, such as the effectiveness of the plan in accomplishing the goals of the AACP. Issues related to environmental sustainability, 5 Aspen Affordable Housing Phased Development Master Plan Economic & Planning Systems September 18, 2001 transportation considerations, and neighborhood concerns will be noted. The analysis will recognize the issues, but will defer to elected and appointed officials to consider them fully, in addition to the primary criterion of this study, which is economic viability. The results of the alternatives analysis will be compared to available funding to determine which projects should move ahead and in what order. It will also provide information to eliminate projects that do not meet the standards of feasibility established by the City Council, Housing Board, and BOCC. . Identify evaluation criteria responding to housing program goals and other defined project objectives. . Develop objective evaluation measures. . Evaluate and prioritize housing development project options. . Eliminate any development projects or concepts not feasible. . Rank order the remaining housing projects in order of priority. Product: Technical Memorandum #8: Project Evaluation and Priorities TASK 9: DRAFT MASTER PLAN This task will consist of developing the phased development master plan. Based on the analysis in the previous task, we would determine the projects to be developed, order of development, available funding for each project, and method of development. This process can be compared to preparing a capital improvements program. For a defined time period, the objective is to plan, program and prioritize the most important capital projects within the constraints of available funding. . Develop a sequence for the selected projects, based on revenue, expenditures, financing and cash-flow . Provide a master plan for development that provides the community with the greatest benefit for the resources invested. . Components of the master plan will include: A summary of the community interviews, discussing key community concerns and criteria for implementation. Assessment of housing need and estimate of required funding. An evaluation of the sites and the design work that has been completed for each. Detailed discussion of funding sources available for the development projects, including ways to leverage locally generated revenue. Project costs for each site and estimate costs per unit that can be used to compare the different opportunities. A summary of the public response to the analysis. A description ofthe optimal development program and a financial proforma for each site. 6 Aspen Affordable Housing Phased Development Master Plan Economic & Planning Systems September 18, 2001 A prioritized sequence of the most viable development options available to the City. TASK 10: PUBLIC REVIEW PROCESS The completion of the project will entail a presentation to City Council. . Present plan to the Aspen City Council. . Address comments from elected and appointed officials and community members. . Provide final report. EPS understands that a full public approval process for each development will be completed at a later date. At that time, the projects will be fully designed so that all interested members of the community will be able to understand what the development on each site will entail. BUDGET AND SCHEDULE BUDGET EPS proposes to complete the proposed scope of services on a time and materials basis up to a maximum upset figure of$144,570. This cost is based on the preceding scope of work, which provides a comprehensive analysis of the development opportunities. Based on this approach to the issues, the proposed work plan would provide the City with a thorough understanding of its options. The estimated EPS and Coburn level of effort by stafflevel and task is shown in Table 1. The budget for other subconsultants (Civitas and Shaw) is shown as a lump sum for each firm. We have assumed Civitas' role in physical planning is limited to the review of existing development project plans for the Aspen Mass, Burlingame, Burlingame Parcel D, and US Forest Service sites; development of concept plans for the Rio Grande, Cozy Point, and Truscott Phase 3 sites; and development of an infill development concept prototype and a buydown development prototype. Additional development concepts would require additional time and would likely require a contract amendment. 7 Aspen Affordable Housing Phased Development Master Plan Economic & Planning Systems September 18, 2001 Table 1 Aspen Affordable Housing Master Plan Budget by Task Prin. VP Assoc. Prod. EPS Diree Coburn Diree I, Grand Task Description Staff Costs Devel. Costs Total ask 1 Project Start-up 8 16 16 0 $5,280 $1,000 $6,280 rrask 2 Needs Assessment 4 16 16 2 $4,580 $50 $4,63C rrask 3 Site Analysis 8 32 32 2 $9,060 $2,50C $4,380 $750 $16,690 rrask4 Funding Sources/Concepts 8 16 16 2 $5,380 $50 $2,200 $7,63C rrask 5 Preliminary Development Costs 8 16 16 2 $5,380 $5C $2,500 $7,930 rrask 6 Community Review 16 16 16 2 $6,980 $2,500 $9,480 !Task 7 Project Financial Evaluation 16 48 48 2 $14,340 $5C $2,500 $16,890 n-ask 8 Evaluate and Prioritize Projects 8 32 32 2 $9,060 $25C $1,490 $10,800 rrask 9 Draft Master Plan 8 24 24 1 $7,920 $50 $730 $8,701 Crask 10 Public Review Process 16 16 16 8 $7,280 $2,50 $1,200 $75C $11,730 Total Hours 92 216 216 38 Billing Rates2 $200 $140 $90 $50 Total Costs $75,260 $9,000 $15,000 $1,500 $100,760 Subconsultants1 Civitas $25,000 $2,500 $27,500 Shaw Construction $15,000 $1,310 $16,31 Total Subconsultants $40,000 $3,500 $43,501 Total Project Expenses $144,570 1 Subconsultant budgets may vary depending on project requirements 8 Aspen Affordable Housing Phased Development Master Plan . Economic & Planning Systems September 18, 2001 SCHEDULE The proposed schedule is shown in Figure 1. We have proposed a three-month schedule to complete the draft master plan, which we believe is the most aggressive possible to complete the project according to the City's requirements. The public review process is assumed to begin at the completion of the analysis. Figure 1 Aspen Affordable Housing Master Plan Schedule ask/Description ask 1 ask2 ask 3 ask4 Task 5 ask6 Task 7 ask 8 ask 9 Project Start-up Needs Assessment Site Analysis Funding Sources/Financing Concepts Preliminary Development Costs Community Review Project Financial Evaluation Evaluate and Prioritize Projects Draft Master Plan ask 10 Public Review Process Month 1 Month 2 Month 3 To begin at the completion of the draft master plan. 9 Aspen Affordable Housing Phased Development Master Plan Economic & Planning Systems September 18, 2001 EXIllBIT B: BILLING RATES Economic & Planning Systems Walter Kieser $200 Dan Guimond $140 Jane Blackstone $140 Andy Knudtsen $90 Coburn Development Bill Coburn $150 John Covall $125 Pete Weber $90 Civitas Mark Johnson $175 Tom Hester $90 Shaw Construction Clark Atkinson $120 Rich Keller $105 10