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HomeMy WebLinkAbout07/20/2010, C 1 - THIRD PARTY REIMBURSEMENT AGREEMENT WITH CHEVRON council j ACEn0A Report CITY O F SAN LUIS OBISPO FROM: John Mandeville, Community Development Direct Prepared By. Kim Murry, Deputy Director, Long Range Planning SUBJECT: THIRD PARTY REIMBURSEMENT AGREEMENT WITH CHEVRON RECOMMENDATION 1. Approve a Third Party Reimbursement Agreement with Chevron to create financial information associated with the development of property owned by Chevron in the Airport Area. 2. Appropriate $31,500 from the Airport Area Impact Fee Fund to cover the cost of consultant services to update the Airport Area Specific Plan financing plan. DISCUSSION Background The City adopted the Airport Area Specific Plan (AASP) in August 2005. A large portion of that plan addresses the remediation, conservation and reuse of the property currently owned by Chevron. When the AASP was adopted, not all information was known regarding the extent of the contamination or the extent of the sensitive areas including wetlands on the property. Land uses and infrastructure to support the anticipated development were proposed based on the information available at the time. Since that time, Chevron has proposed a Remedial Action Plan (RAP) to describe the actions needed to remediate the property. The RAP was developed with input from a variety of regulatory agencies called the Surface Evaluation, Remediation, and Restoration Team (SERRT) through a collaborative process that took years. This team included the City's Natural Resources Manager, Dr. Neil Havlik, who participated in this process. Subsequent to that effort, Chevron filed an application to the City for an amendment to the AASP, a Vesting Tentative Map, and annexation to allow development of the property. The proposal includes 800,000 sq ft of business park and manufacturing uses, along with remediation and conservation areas and requires amendments to the AASP due to the proposed changes to land uses, locations of development, and infrastructure requirements. These changes trigger a need to revise the Public Facilities Financing Plan (PFFP) contained in the AASP. The PFFP provides a mechanism for financing infrastructure costs by assigning fees to all area development based on the cost of facilities to serve the area. On March 3, 2009, the City approved a Third Party Reimbursement Agreement with Chevron to develop financial data to support both the amendment to the PFFP as well as to determine cost information to inform Chevron's request for a development agreement for the project with the City paying the cost to update the information for the PFFP and Chevron paying for the cost of Chevron Third Party Reimbursement Agreement Page 2 the feasibility study. RRM Design Group submitted a proposal to estimate the infrastructure costs to be considered as part of the financial evaluation and The Goodwin Group (Goodwin) was hired to perform the PFFP update and feasibility evaluation for Chevron. A first draft was produced in the fall of 2009. After extensive review of the draft and discussions between the City and the applicant, the City determined that some base assumptions built into the infrastructure costs were developed in error. Public Works staff worked with RRM Design Group to refine the infrastructure descriptions and associated costs in order to re-evaluate the financing plan and costs assigned to the Chevron project. Public Works staff also refined the assumptions regarding cost-assignment for infrastructure (such as Buckley Road) improvements that are not currently addressed in the AASP. Information Need Chevron has identified the need to develop up-to-date and precise financial data concerning the costs of developing in the Airport Area. Chevron has proposed entering into a development agreement with the City and feels the Specific Plan financing program provides an essential piece of the information required for that discussion. In addition, with the update to the AASP, an updated fee structure to reflect current assumptions needs to be developed. Third Party Reimbursement Agreement The proposed Third Party Reimbursement Agreement will allow Goodwin to revise the PFFP based on the most current and accurate information. With the addition of certain infrastructure items and removal of others from the initial evaluation, the cost for service is similar to the first run of the process. Upon execution of the Third Party Reimbursement Agreement, Goodwin will be contracted with by the City to conduct a series of fiscal analyses. These will include an update to the Airport Area Specific plan PFFP and a gap analysis and feasibility test. The former is clearly required as part of the Specific Plan update. The gap analysis and feasibility test has been requested by Chevron. The pro osal calls out as three tasks: Description Amount Task 1 Update of the AASP PFFP (inclusive of$15,000 for $29,000 RRM work to define infrastructure improvements and costs Task 2 Gap Analysis and Feasibility Test $16,000 Task 3 Meetings $ 5,000 Total M9000 Cost Sharing Staff has discussed the additional cost with Chevron to encourage a greater level of financial participation by Chevron in this effort. Since development of the infrastructure costs also informs the gap analysis and feasibility work, staff recommended that Chevron share an equal part of the $15,000 cost associated with RRM's work to revise the infrastructure estimates. Chevron Third Party Reimbursement Agreement Page 3 However, Chevron has indicated it should be responsible only for the tasks that are clearly associated with its need to understand how the City's impact fees will affect its proposed project. Accordingly, as identified in the attached amended proposal, the City's cost is $29,000 for Task I plus % of Task 3 (Meetings with Goodwin) for a total of$31,500. The funds are available in the Airport Area Impact Fee Fund to cover the estimated $31,500 for the contract. The contract would be administered by the City and Chevron would need to deposit its portion of the known costs - $18,500 — with the City prior to any work being initiated. If any initial assumptions relating to infrastructure costs or phasing change, revisions to the Gap Analysis and Feasibility Test may be required. The reimbursement agreement requires Chevron to approve any additional costs that may be charged by Goodwin for work ordered by the City. In no case will the City's costs for Goodwin's services be increased without prior authorization by the City Council. CONCURRENCES The City Attorney has approved the form of attached third party reimbursement agreement. FISCAL IMPACT There are no General Fund fiscal impacts for the Third Party Reimbursement Agreement or the AASP financing plan update. The Airport Area Impact Fee Fund has an unappropriated fund balance of approximately $640,000 — enough to cover the estimated $31,500 for the contract. The City's cost of developing the financing plan will be reimbursed through the impact fees collected at the time of development in the AASP. ALTERNATIVES 1. Do Not Enter into a Third Party Reimbursement Agreement. Council could decline to enter into the proposed Third Party Reimbursement Agreement. This alternative is not recommended as the Agreement presents no fiscal impact to the General fund and results in the development of valuable economic information that can be used to better engage in future discussions with Chevron.. 2. Do Not Update the AASP Financing Plan. Given the.amount of time that has passed since preparation of the current plan, and the efficiencies and economy of scale in combining the financing plan update work with the specific work for Chevron, this option is not recommended. ATTACHMENTS 1. Third Party Reimbursement Agreement 2. Goodwin Group Amendment #1 to Scope of Work T:\Council Agenda Reports\Community Development CAR\20I o\Chevron\Chevron-G.doc el-J est 1 Attacbm REIMBURSEMENT AGREEMENT This Reimbursement Agreement("Agreement") is made this day of July 2010; by and between the City of San Luis Obispo, a municipal corporation and Charter city(the"City") and Chevron Inc. ("Chevron"). RECITALS This Agreement is made with respect to the following facts: A. Chevron is the intended developer of that certain real property located within the County of San Luis Obispo, California, generally described as Assessor's Parcels # 076-383-001, 076-352- 061, 076-381-021, 076-382-005, 076-383-002, 076-352-062, (Tank Farm Road). This property constitutes the project site and is hereinafter collectively referred to as the "Property" for the purposes of this Agreement. B. Chevron is contemplating the development of the Property as a service commercial and business park development. Chevron has submitted applications for various discretionary land use approvals for the development of the Property including, without limitation, Annexation, Airport Area Specific Plan Amendment and Pre-zoning, Vesting Tentative Tract Map, Development Agreement and Architectural Review of public facilities improvements to allow development of approximately 66 acres of the 332 acre property, and environmental documents pursuant to the California Environmental Quality Act ("CEQA"). All of the above applications shall be referred to collectively as the"Project." C. Chevron is interested in entering into a development agreement related to the Project that will, among other issues, address options for financing infrastructure improvements needed to serve the Project. To provide the City with the information needed to assess development agreement terms that make sense for the City, it is necessary for the City to retain the services of a qualified consultant. D. As a condition to the City's consideration of a development agreement, Chevron has agreed to reimburse the City for the required consultant costs. E. This agreement amends the agreement signed on to reflect increased costs associated with developing the appropriate financial information related to Airport Area Specific Plan infrastructure costs and resulting impact fees. AGREEMENT NOW, THEREFORE, in consideration of the following mutual promises and agreements, City and Chevron agree as follows: 1. Incorporation of Recitals. 1 ��-% Attachment 1 The parties agree that the Recitals constitute the factual basis upon which the City and Chevron have entered into this Agreement. The City and Chevron each acknowledge the accuracy of the Recitals and agree that the Recitals are incorporated into this Agreement as though fully set forth at length. 2. City to Retain Consultant. As a necessary and indispensable part of its fact-finding process relating to the review of Chevron's proposed uses of the Property, the City may retain, by means of a contract ("Consultant Contract") in its reasonable and sole discretion, the services of the consultant identified in Section 4 of this Agreement (hereinafter "Consultant'). The presently contemplated scope of work of the respective Consultant is attached hereto as Exhibit A. The City reserves the right, in its reasonable and sole discretion, to amend the scope of work as it deems necessary and appropriate where such amendments are reasonably necessary and related to the City's proper review and consideration of Chevron's Project. Chevron agrees that, notwithstanding Chevron's reimbursement obligations under this Agreement, the Consultant selected by the City shall be the contractor exclusively of the City and not of Chevron. Except for those disclosures required by law including, without limitations, the Public Records Act, all conversations, notes, memoranda, correspondence, and other forms of communication by and between the City and the Consultant shall be, to the extent permissible by law, privileged and confidential and not subject to disclosure to Chevron. Chevron agrees that it shall have no claim to, nor shall it assert any right in any reports, correspondence, plans, maps, drawings, news releases or any and all other documents or work product produced by the Consultant pursuant to the Consultant Contract. City shall include in the Consultant Contract a termination provision authorizing the City to, upon short notice, terminate the contract without cause by sending written notice of termination to the Consultant. Chevron understands that it will not be a third party beneficiary to City's contract with Consultant. 3. Chevron to Cooperate with Consultant. Chevron agrees to cooperate in good faith with the Consultant. Chevron agrees that it will instruct its agents, employees, consultants, contractors and attorneys to reasonably cooperate with the Consultant and to provide all necessary documents or information reasonably requested of them by the Consultant; provided, however, that the foregoing shall not require the disclosure of any documents or information of Chevron which by law is privileged, proprietary, confidential, or exempt from disclosure under the Public Records Act. 4. City's Preliminary Selection of Consultant. The City has selected Goodwin Consulting Group, Inc. (Consultant) as the Consultant. Chevron agrees that the City may select another consultant to replace the Consultant preliminarily identified above and may do so without consulting with Chevron or obtaining Chevron's approval. Chevron further agrees that the City may need to retain additional consultants that are not known at this time in order to process Chevron's project. The City shall notify Chevron of the need for any additional consultants and shall amend this Agreement to include the additional consultants. If Chevron disagrees with the City's need to retain additional consultants, then Chevron's sole and Attachment 1 exclusive remedy will be to terminate this Agreement pursuant to Section 9, subject to Chevron's obligation to reimburse the City for all consultant costs incurred by the City prior to the date of termination, whether or not yet paid by the City to the applicable consultant. Chevron understands that such termination will relieve the City of further obligation to process its application. 5. Chevron's Reimbursement of Consultant Costs, Expenditures and Administrative Fees. Chevron shall reimburse the City for one hundred percent (100%) of the actual costs, expenditures and administrative fees incurred by the City relative to the Consultant Contract ("Consultant Costs"), as specified in Exhibit A. The City has preliminarily reviewed the scope of work required of the Consultant and has estimated the aggregate Consultant Costs and fees to be approximately $18,500.00 (estimated consultant costs of$16,000 for Task 2 and half of the $5,000 cost of Task 3)("estimated Consultant Costs"), not including Task 1, as set forth in Exhibit A, which will be the City's financial responsibility. The City may incur aggregate Consultant Costs up to the Estimated Consultant Costs without specifically notifying Chevron. The City shall use reasonable good faith efforts to inform Chevron prior to amending the scope of services to be provided by the Contractor and incurring Consultant Costs that exceed the Estimated Consultant Costs ("Excess Costs"). Chevron's obligation to reimburse the City for Excess Costs shall be contingent upon the City, before completion of the work, providing Chevron with written notice of the amendment to the scope of work. The decision to incur Excess Costs and the amount of Excess Costs to incur shall lie with the reasonable and sole discretion of the City. If, after receiving notice of amendments to the scope of work, Chevron disagrees with the City's incurring of Excess Costs, then Chevron's sole and exclusive remedy will be to terminate this Agreement pursuant to Section 9, subject to Chevron's obligation to reimburse the City for all Consultant Costs incurred by the City prior to the date of termination, whether or not yet paid by the City to the Consultant. Chevron understands that such termination will relieve the City of further obligation to process its application. 6. Payment of Consultant Costs and Fees. City shall not be required to advance its own funds to pay Consultant. Chevron shall deposit one hundred percent (100%) of the estimated Consultant Costs. Upon receipt of these sums, City shall be authorized to employ the Consultant. City may invoice Chevron for any excess costs approved by Chevron and charged by the Consultant pursuant to Exhibit A, and Chevron shall thereafter promptly deposit within fifteen (15) days sufficient funds with City to enable City to make timely payment to the Consultant. Within fifteen (15) days following receipt of written demand therefore by Chevron, the City shall provide Chevron with such reasonable documentation as Chevron may request to substantiate any demands for payment. Chevron understands that, despite the City's efforts to hire a qualified Consultant, it is possible that the work of the Consultant may, in the City's opinion, prove to be defective, which may in turn lead to the City refusing to pay some portion of Consultant's bills and/or the City 3 Attachment 1 terminating the services of the Consultant. In such situations, the City may assign, and Chevron shall accept, the obligation of resolving and/or paying any outstanding bills of such Consultant. If litigation ensues concerning Consultant's bills, Chevron must indemnify and defend the City in that regard. In any situation in which the Consultant is discharged, the City will, pursuant to Paragraphs 2 through 5, retain other consultants at Chevron's expense. Notwithstanding the foregoing, Chevron shall not be responsible for City's breach of any of the Consultant agreements. 7. City to Retain Absolute Discretion. Chevron acknowledges and agrees that notwithstanding Chevron's reimbursement obligations under this Agreement, the City is not obligated to approve any or all of the proposed uses or permits for the Property, to approve any environmental documents or general plan or municipal code amendments which may be required for any of the uses contemplated for the Property, nor is the City obligated to enter into any form of development agreement. Chevron warrants and represents that no City official, officer, employee, agent or attorney has represented, expressly or impliedly, that the City will approve any proposed use of the Property or enter into any type of development agreement. Chevron understands that there may be numerous legislative and quasi-judicial decisions to be made by the City with regard to the development of the Property; that all such decisions of the City with regard to the Property and the contemplated uses of the Property will be made only after compliance with all the City's statutory and other legal obligations and after considering all appropriate information and evidence; and that such evidence may cause the City to disapprove any or all of the contemplated uses of the Property. Notwithstanding anything in this Agreement to the contrary, the City retains all authority and discretion granted to it by law to approve, disapprove or modify any of the proposed uses of the Property, and to enter or not enter into any type of development agreement with Chevron. Chevron further understands that the City shall not be bound by any recommendations or conclusions reached by the Consultant and that the City may accept or reject, in whole or in part, any such recommendations or conclusions that the City, in its reasonable and sole discretion, deems to be unreasonable or contrary to the City's land use ordinances and regulations; State statutes or regulations; or its best interests as determined solely by the City. 8. Term. The term of this Agreement shall commence on 2010, and shall terminate when all work required by the Consultant Contract has been completed to the City's reasonable satisfaction and Chevron has satisfied all of its obligations under this Agreement including, without limitation, the obligation to pay the City for Consultant Costs and Excess Costs, whether or not paid by the City to the Consultant prior to the date of termination. Chevron's obligation to reimburse the City as provided in this Agreement shall survive the termination of this Agreement pursuant to this Section 8. 9. Early Termination. For good cause, the City may terminate this Agreement prior to the term set forth in Section 8 above, without cost or liability to the City, upon thirty (30) days prior written notice to Chevron. Chevron, upon thirty (30) days' prior written notice, may, in its reasonable and sole discretion, terminate this Agreement prior to the end of the term set forth in Section 8 above, provided, 4 Attachment 1 however, that Chevron has satisfied all of its obligations under this Agreement to date of termination regarding reimbursement to the City of both Estimated Consultant Costs and Excess Costs and, furthermore, that Chevron has given City written notice withdrawing its application(s) for the Project. Within two (2) City working days following either the City's decision to terminate this Agreement or the City's receipt of written notice indicating Chevron's decision to terminate this Agreement, the City shall notify the Consultant and instruct them to cease work under the Consultant Contract. The Consultant shall be instructed to bill the City for any work completed prior to the date of termination of the Consultant Contract. 10. Remedies Upon Default. An event of default shall be deemed to exist upon the occurrence of all of the following: (a) Either the City or Chevron has, without legal justification or excuse, breached any one or more of its obligations under this Agreement; and (b) The nondefaulting party has sent written notice to the party claimed to be in default, specifying the default and what actions the nondefaulting party asserts should be taken to remedy the default; and (c) The party claimed to be in default has not, within ten (10) days following receipt of the written notice described above, either corrected the default or taken actions, reasonably satisfactory to the nondefaulting party, to remedy the default within a reasonable period of time, but in no event longer than thirty(30) days after receipt of the written notice described in (b) above. Following an event of default, the nondefaulting party may exercise any and all remedies available to it pursuant to this Agreement, or at law or in equity, including, without limitation, instituting an action for damages, injunctive relief, or specific performance. 11. Nonwaiver of Rights or Remedies. The failure of a party to exercise any one or more of its rights or remedies under this Agreement shall not constitute a waiver of that party's right to enforce that right or seek that remedy in the future. No course of conduct or act of forbearance on any one or more occasions by any party to this Agreement shall preclude that party from asserting any right to remedy available to it in the future. No course of conduct or act of forbearance on any one or more occasions shall be deemed to be an implied modification of the terms of this Agreement. 12. Assignability. This Agreement may not be assigned by either party without the prior and express written consent of the other party, which consent shall not be unreasonably withheld. .In determining whether to approve a request by Chevron to assign this Agreement, the City may consider, among other things, the proposed assignee's financial status and commitment to the Project. Any c , Attachment 1 attempted assignment of this Agreement not in compliance with the terms of this Agreement shall be null and void and shall confer no rights or benefits upon the assignee. 13. No Oral Modifications. This Agreement represents the entire understanding of the City and Chevron and supersedes all other prior or contemporaneous written or oral agreements pertaining to the subject matter of this Agreement. This Agreement may be modified only by a writing signed by the authorized representatives of both the City and Chevron. 14. Binding Upon Successors. This Agreement and each of its terms shall be binding upon the City, Chevron and their respective officers, elected officials, employees, agents, contractors, and permitted successors and assigns. 15. Legal Challenges. Nothing herein shall be construed to require City to defend any third party claims and suits challenging any action taken by the City with regard to any procedure or substantive aspect of the City's approval of development of the Property, the environmental process, the proposed uses of the Property, or development agreement, if any. Chevron may, however, in its sole and absolute discretion appear as real party in interest in any such third party action or proceeding. If the City defends such action or proceeding, Chevron shall be responsible to reimburse the City for whatever legal fees and costs, in their entirety that may be incurred by the City in defense of such action or proceeding. The City and Chevron shall seek to jointly approve legal counsel, but the City shall have the absolute right to retain such counsel as the City deems necessary and appropriate if such joint agreement cannot be reached. Chevron shall reimburse City in the event of an award of court costs or attorney fees is made against City in favor of any third party challenging either the sufficiency of an environmental impact report or the validity of the City's approval of the Application, if any. 16. Attorneys' Fees. In the event that any action or proceeding, including arbitration, is commenced by either the City or Chevron against the other to establish the validity of this Agreement or to enforce any one or more of its terms, the prevailing party in any such action or proceeding shall be entitled to recover from the other, in addition to all other legal and equitable remedies available to it, its actual attorneys' fees and costs of litigation, including, without limitation, filing fees, service fees, deposition costs, arbitration of costs and expert witness fees, including actual costs and attorneys' fees on appeal. 17. Jurisdiction and Venue. This Agreement is executed and is to be performed in the City of San Luis Obispo, and any action or proceeding brought relative to this Agreement shall be heard in the appropriate court in the 6 �j 9 Attachment 1 County of San Luis Obispo, California. The City and Chevron each consent to the personal jurisdiction of the court in any such action or proceeding. 18. Time is of the Essence. Except as otherwise expressly stated, time is of the essence in the performance of each and every action required pursuant to this Agreement. 19. Covenant of Further Assurances. The City and Chevron shall take all other actions and execute all other documents, which are reasonably necessary to effectuate this Agreement. 20. Interpretation. The City and Chevron agree that this Agreement is the product of mutual negotiations and is an arms-length transaction. Each party has negotiated this Agreement with the advice and assistance of legal counsel of its own choosing. It is further agreed that the terms of this Agreement shall be construed in accordance with the meaning of the language and shall not be construed for or against either party by reason of authorship and the rule that ambiguities in a document shall be construed against the drafter of the document shall have no application to this Agreement. In construing and interpreting this Agreement, the finder of fact shall give effect to the mutual intention of the City and Chevron, notwithstanding such ambiguity, and may refer to the facts and circumstances under which this Agreement is made and such other extraneous evidence as may assist the finder of fact in ascertaining the intent of the City and Chevron. 21. Severability. If any term or provision of this Agreement is found to be invalid or unenforceable, the City and Chevron both agree that they would have executed this Agreement notwithstanding the invalidity of such term or provision. The invalid term or provision may be severed from the Agreement and the remainder of the Agreement may be enforced in its entirety. 22. Headings. The headings of each section of this Agreement are for the purposes of convenience only and shall not be construed to either expand or limit the express terns and language of each section. 23. Representations of Authority. Each party signing this Agreement on behalf of a party which is not a natural person hereby represents and warrants to the other party that all necessary legal prerequisites to that party's execution of this Agreement have been satisfied and that he or she has been authorized to sign this Agreement and bind the party on whose behalf he or she signs. 24. Notices. - Attachment 1 Notices required under this Agreement shall be sent to the following: If to the City: City of San Luis Obispo Attn: City Manager 990 Palm Street San Luis Obispo, CA 93401-3249 Facsimile No. (805) 781-7109 If to Chevron: Chevron Inc. Attn: William Almas 4051 Broad Street, Suite 230 San Luis Obispo, CA 93401 Notices given pursuant to this Agreement shall be deemed received as follows: (a) If sent by United States Mail — five (5) calendar days after deposit into the United States Mail, first class postage prepaid. (b) If by facsimile—upon transmission and actual receipt by the receiving party. (c) If by express courier service or hand deliver—on the date of receipt by the receiving party. The addresses to notices set forth in this Section 24 may be changed upon written notice of such change to either the City or Chevron, as appropriate. 25. Days. Unless otherwise specified to the contrary, "days" in this Agreement shall mean calendar, not business days. Attachment 1 Dated: CITY OF SAN LUIS OBISPO A Municipal Corporation (the`-`City") By: Katie Lichtig, City Manager ATTEST: City Clerk 5APPRO D AS TO O 0 Attorney Dated: Chevron, Inc. By: APPROVED AS TO FORM: Legal Counsel for Chevron 9 -�z Attachment 2 AMENDMENT #1 EXHIBIT A CITY OF SAN Luis OBISPO AIRPORT AREA SPECIFIC PLAN CHEVRON RESTORATION AND REDEVELOPMENT PROJECT SCOPE OF WORK Goodwin Consulting Group, Inc. (GCG) entered into a contract with the City of San Luis Obispo (City) to conduct a comprehensive update of the Airport Area Specific Plan (AASP) public facilities financing plan (PFFP) and to perform a gap analysis, feasibility test, and fiscal impact study related to the Chevron Restoration and Redevelopment Project (Project). All of this work, except for the fiscal impact analysis, was completed based in large part on an initial set of infrastructure requirements and costs. However, the infrastructure requirements and costs have changed considerably, and a new set of assumptions has been developed. The City has requested that GCG rerun its analyses, revise the PFFP, and issue a new memo documenting the revised gap analysis and feasibility test for the Project. The specific tasks to be performed under this amendment include the following: Task 1. Revise the AASP Financing Plan GCG will conduct a thorough review of the updated infrastructure requirements and cost estimates. These materials have been prepared in a different configuration relative to the materials received for the first update, which will make the process of incorporating them into the analysis somewhat more time-consuming than it otherwise might be. The new costs will ripple through the entire analysis and create changes throughout the bulk of the report, but much of the analysis was modeled dynamically and will update quickly. GCG will produce a revised PFFP"based on the work already done to prepare the Administrative Draft of the PFFP dated September 9, 2009. The updated PFFP will be used to determine the Project's fair share obligation for AASP-wide infrastructure. One draft PFFP update will be provided for review by the City and Chevron, and one final PFFP update will be prepared. A total of 70 person hours is estimated to complete this task. Task 2. Revise the Gap Analysis and Feasibility Test GCG will also conduct a thorough review of the updated infrastructure requirements and cost estimates related solely to the Project, which have also been prepared in a different configuration relative to the materials received for the initial analysis. As with the PFFP, the new costs will ripple through the entire analysis and create changes throughout the memo, but there are many other factors that play into the overall analysis that have not changed. Moreover, substantial work went into the development and structure of the first analysis, and most of it will be applicable to this update. GCG will prepare a revised memo and supporting tables to document SLO AASP Chevron Project Amendment#1 A-1 May 21,2010 Attachment 2 the results of the gap analysis, feasibility tests, and financing methods to achieve Project feasibility based on the work already done to prepare the September 9, 2009, memo to the Chevron Project Team. One draft of the updated memo will be provided for review by the City and Chevron, and one final memo will be prepared. A total of 80 person hours is estimated to complete this task. Task 3. Meetings It is assumed that most of the necessary correspondence and team interaction to complete Tasks 1 and 2 can be conducted via e-mail and conference calls. However, it is likely that some face- to-face meetings may be required, including an initial meeting to recommence this process, a meeting at the conclusion of the study to present findings, or other meetings as requested by the group. For purposes of estimating a budget, it is assumed that one meeting will be required. A total of 25 hours is estimated to complete this task, which involves two people attending one meeting. SLO RASP Chevron Project Amendment#1 A-1 May 11,2010 Attachment 2 AMENDMENT #1 EXHIBIT B CITY OF SAN Luis OBISPO AIRPORT AREA SPECIFIC PLAN CHEVRON RESTORATION AND REDEVELOPMENT PROJECT BUDGET AND SCHEDULE Services Goodwin Consulting Group, Inc. (GCG) proposes a maximum budget (including expenses, as described below) to complete Task I and Task 2 in the Scope of Work of$29,000 and $16,000, respectively, for a total of$45,000. The budget for Task 3 is $5,000, bringing the total budget for Tasks 1 through 3 to $50,000. The budget for Task 1 includes a $15,000 cost for an engineering subconsultant. These budgets represent maximum amounts not to be exceeded. Additional consulting services beyond those included in the scope of work may be provided if total hourly billings are less than the maximum budget. Alternatively, if the scope of services can be completed for less than the maximum budget, only the hours actually expended will be billed. Additional meetings beyond those incorporated into the scope of work will be billed on a time-and-materials basis. Also, the budget assumes one infrastructure cost and phasing scenario; if multiple iterations are required to attempt to prevent potential funding gaps, each additional scenario will add $10,000 to the budget. Following is the schedule of GCG's hourly service rates: Hourly Service Rates Managing Principal $250/Hour Principal $240/Hour Senior Associate $185/Hour Associate $160/Hour Analyst $145/Hour Research Assistant $80/Hour *The rates reflected above are valid through December 31,2010,and may be adjusted thereafter. Expenses GCG shall be reimbursed for direct expenses, including travel-related expenses, photocopying, data sources, courier, overnight delivery, and long-distance telephone and fax expenses. Billing Structure GCG will submit monthly invoices providing details of services rendered and expenses incurred. Invoices are due and payable within 30 days. SLO RASP Chevron Project Amendment#1 B-1 May 21,2010 dl-1S Attachment 2 Schedule GCG will complete Tasks 1 and 2, up to providing a draft memo as described in Task 2, within 60 days after receiving an executed contract and a notice of authorization to proceed. SLO RASP Chevron Project Amendment#1 B-2 May 21,2010 e/-iZ