Common use of Analyze Fiscal Impacts Clause in Contracts

Analyze Fiscal Impacts. BAE will conduct a fiscal impact analysis that will provide a detailed estimate of the Project’s net fiscal impacts to the City of Menlo Park as well as key special districts that serve the Project site. This analysis will evaluate the revenue and cost implications of the Project and up to two Project Alternatives for the City, the Menlo Park Fire Protection District, the school districts that serve the Project site, the San Mateo Community College District, the Midpeninsula Regional Open Space District, and the Sequoia Healthcare District. BAE will estimate the General Fund revenues that the Project will generate for the City of Menlo Park on an annual basis, including property tax, sales tax, business license fees, utility user tax, franchise fees, and any other applicable revenues. BAE will also estimate the property tax revenue and other revenue sources that the Project will generate for the special districts that serve the Project site. In addition, BAE will estimate one-time revenue from the impact fees that will apply to the project. BAE will estimate annual City of Menlo Park General Fund operating expenditures associated with providing City services to the Project, including police, public works, recreation and library services, and general government services, as well as General fund operating expenditures for special districts that provide services to the project. The cost analysis will evaluate the marginal cost of providing additional service when feasible and appropriate. As part of this process, BAE will request to hold phone consultations or with City staff in key departments and/or prepare written surveys for key departments, including the Police, Finance, Community Services, and Library Departments, to confirm methodology and assumptions as well as to assess existing service capacity and the potential impact of the proposed project. For police, BAE will work with the local department to examine the current beat structure and discuss whether this may need to be altered to serve the new development. Any new patrol officers and/or equipment would be analyzed on a marginal basis. For the school districts, BAE will estimate the cost to serve new elementary, middle, and high school students that will live in the Project, based on each school district’s estimated student generation estimates. The analysis of expenditures will focus on annual operating expenditures rather than one-time capital expenditures. BAE will also contact representatives from the Menlo Park Fire Protection District and the school districts that will serve the project to assess existing capacity, potential facility and equipment needs, and the potential impact of the Project. Information obtained during these interviews would supplement information that BAE will obtain from published budget documents for the Fire Protection and school districts as well as published school district enrollment projection reports and student generation estimates. BAE’s budget for this task assumes that the analysis of fiscal impacts to special districts other than the school districts and Menlo Park Fire Protection District will be based on published budgets and BAE’s property tax calculations for each special district and will not require interviews with district staff. Fiscal impacts will be presented in current dollars on a net annual and cumulative basis over a 20-year period presented in constant 2020 dollars.

Analyze Fiscal Impacts. BAE will conduct a fiscal impact analysis that will provide a detailed estimate of the Project’s net fiscal impacts to the City of Menlo Park as well as key special districts that serve the Project site. This analysis will evaluate the revenue and cost implications of the Project and up to two Project Alternatives for the City, the Menlo Park Fire Protection District, the school districts that serve the Project site, the San Mateo Community College District, the Midpeninsula Regional Open Space District, and the Sequoia Healthcare District. BAE will estimate the General Fund revenues that the Project will generate for the City of Menlo Park on an annual basis, including property tax, sales tax, business license fees, utility user taxtax from residents’ spending in Menlo Park, franchise fees, and any other applicable revenues. BAE will also estimate the property tax revenue and other revenue sources that the Project will generate for the special districts that serve the Project site. In addition, BAE will estimate one-time revenue from the impact fees that will apply to the project. BAE will estimate annual City of Menlo Park General Fund operating expenditures associated with providing City services to the Projectexpense items, including police, public works, recreation and library services, and general government services, as well as General fund operating expenditures for services provided by special districts that provide services to the projectdistricts. The cost analysis will evaluate will, whenever feasible, study the marginal cost of providing additional service when feasible and appropriateservice. As part of this process, BAE will request to hold phone consultations or with City staff in key departments and/or prepare written surveys for key departments, including the Police, Finance, Community Services, and Library Departments, to confirm methodology and assumptions as well as to assess existing service capacity and the potential impact of the proposed project. For police, BAE will work with the local department to examine the current beat structure and discuss whether this may need to be altered to serve the new development. Any new patrol officers and/or equipment would be analyzed on a marginal basis. For the school districts, BAE will estimate the cost to serve new elementary, middle, and high school students that will live in the Project, based on each school district’s estimated student generation estimates. The analysis of expenditures will focus on annual operating expenditures rather than one-time capital expenditures. BAE will also contact representatives from the Menlo Park Fire Protection District and the school districts that will serve the project to assess existing capacity, potential facility and equipment needs, and the potential impact of the Project. Information obtained during these interviews would supplement information that BAE will obtain from published budget documents for the Fire Protection and school districts as well as published school district enrollment projection reports and student generation estimates. BAE’s budget for this task assumes that the analysis of fiscal impacts to special districts other than the school districts and Menlo Park Fire Protection District will be based on published budgets and BAE’s property tax calculations for each special district and will not require interviews with district staff. Fiscal impacts will be presented in current dollars on a net annual and cumulative basis over a 20-year period presented in constant 2020 2019 dollars.