HomeMy WebLinkAbout24 - Task Orders Order Number Unknown - Economic & Planning Systems - Wallace Works Tax Increment Financing ReviewCity of Bozeman Term Contract with Economic & Planning Systems, Inc.
Task Order Number 10: Wallace Works Tax Increment Financing Request Analysis
PROJECT: Wallace Works Tax Increment Financing Request Issued under the authority of the City of Bozeman Professional Services Agreement
Term Contract with Economic and Planning Systems, Inc. to support Economic
Development and Community Housing programs. This Task Order is dated September 10, 2024 between the City of Bozeman Economic Development Department and Economic & Planning Systems, Inc. (EPS) (Contractor).
The following representatives have been designated for the work performed under this Task Order: City: Jesse DiTommaso, Economic Development Specialist
Contractor: Brian Duffany, Principal, Economic & Planning Systems SCOPE OF WORK: Proforma Analysis of the Wallace Works Real Estate Project COMPENSATION: EPS will bill for its services on a time and materials basis not to exceed $12,260 IN WITNESS WHEREOF, the parties authorized to commit resources of the parties have executed this Task Order:
City of Bozeman Economic & Planning Systems
Chuck Winn Brian Duffany Interim City Manager Principal
Docusign Envelope ID: 2563B498-7EE6-4488-A65D-5E92AFB2CA51
Economic & Planning Systems, Inc.
233073-4 Wallace Works TIF Review Scope.docx 1
Scope of Work
Project Name: Wallace Works TIF Review (801 N Wallace Ave)
EPS Project # 233073-5
City Task Order Number: 14
Budget: $12,260
This scope of work is to conduct an independent financial review of the 7th and
Aspen real estate project and its request for tax increment financing. The purpose
is to determine if the project has a financing gap that warrants the investment of
public funds to make the project feasible. The work includes the following major
tasks:
• Calls with development team to review proforma and ask follow-up questions
• Market research to verify proforma cost and revenue assumptions
• Excel proforma modeling
• Draft and final memorandum to staff with a summary of the findings.
The estimated budget by staff level is shown below and is not to exceed $12,260.
EPS may allocate hours across staff levels as needed so long as the total cost is
not exceeded without authorization from the City.
Description Principal
Senior
Associate Associate
Research
Analyst Total
Billing Rate $250 $175 $150 $110
Proforma Analysis 12.00 8.00 48.00 6.00 $12,260
Docusign Envelope ID: 2563B498-7EE6-4488-A65D-5E92AFB2CA51