Agmt 2006 BMS Design Group - Laserfiche WebLink

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2.1 Market Demand Analysis The Team will evaluate potential market support in the study area for TOD uses, including multi- family for-sale and rental residential, office, retail, as well as mixed-use developments combining these uses. The analysis will include: · Review of data on household and employment trends in the study area, comparing them to those in the overall City of San Leandro, as well as the Bay Area; · Review of data on current real estate market trends for the identified uses, including sale prices and rental rates, absorption and occupancy rates, and identification of comparable properties. . Assessment of the relative financial feasibility of each use, based on general market considerations, as well as San Leandro-specific factors such as sale prices and rental rates, City policies and fees, etc. (note that detailed pro-forma analysis will be done subsequently during Task 7). . Evaluation of the benefits and constraints for potential opportunity sites presented by BRT, Rapid Bus, and BART. · Identification of the range of potential supportable new development for target uses, as well as the amount that may be captured within the study area, based on ABAG forecasts for population and employment growth in San Leandro. 2.2 CAe Meeting #3 - Review Market Demand Analysis At this meeting, the BMS Team, lead by BAE, will present the findings of the Market Demand Analysis for comment and feedback. This meeting will also be an opportunity to give CAC members a preview of the content for Community Meeting #2. 2.3 CAC Meeting #4 - Field Trip One field trip will be organized for City officials aIid CAC members to review successful examples of TOD development. A field trip packet will be prepared which includes maps, project information, and other relevant background information. Transportation will be provided by City staff. BMS staff will attend the field trip. 2.4 Market Demand Analysis Report This Report will include the findings and analysis conducted in Task 2.1. The Report will be prepared as a draft for review by City staff as well as the CAe. Following the review period, a final Report will be prepared. 2.5 Community Workshop A This first community meeting will be convened to introduce the project team and provide an orientation to the project. Project goals and objectives will be discussed and meeting attendees will be given an opportunity to identify issues, concerns, and visions for the study area. This first Community Workshop will also be an important venue for receiving feedback from the general public on the existing conditions analysis as well as the market demand analysis. Deliverables: Market Demand Analysis Consulting Services Agreement between City of San Leandro and BMS Design Group Page 19 of32