Calibrate model for Fiscal Impact Analysis Sample Clauses

Calibrate model for Fiscal Impact Analysis. ECO will customize the Envision Fiscal Impact Tool to calibrate it to Bend and to evaluate fiscal impacts of growth scenarios on the City of Bend. Working with the City team and Finance Director, we will integrate information from Bend’s utility rates, property assessment, tax revenues, and short and long term financial plans. Federal data sources on fiscal impact metrics will be reviewed as needed. The customized tool will produce a ratio of total revenues and total costs for scenarios being evaluated, to help identify which scenarios are most cost effective to accommodate growth. Infrastructure costs will be provided by the City, consistent with Public Facility Plans – this task will ensure the FIT calibration is coordinated with the PFPs. The FIT model is expected to be used primarily in Phase 2 – this subtask will accomplish the up-front calibration so the tool is tested and ready. Information from the HNA, EOA, and/or input from local developers in Task 5, will be used adjust the cost and rent/sales information within the Envision Model to match local conditions.
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