HomeMy WebLinkAboutECONOMIC RESEARCH ASSOCIATES - 1970-07-10WANING DEPT.
615 South Flower at Wilshire Boulevard
Economics Research Associates Los Angeles, California 90017
(213) 624-8665 Cable Address MTERERA
July 7, 1970
Mr. Kenneth Reynolds
Planning Director
City of Huntington Beach
P.O. Box 190
T3t:ntinall Beach, California 92648 Proposal No. 7131
Dear 1d1r. Reynolds
Economics Research Associates is pleased to submit this proposal
for research and consulting services dealing with an analysis of parking facility
development and operation. in Huntington, Beach. As such, this study represents
an updating of r previous ERA report punished November 10, 1969, concerning
the expan lion of: the Parking Authority. Significant changes in basic parameters,,
especially land acquisition costs, have occurred since the presentation_ of the
first study necessitating this revised analysis.
The scope of the study will include:
1. Reevaluation of: parking facilitydevelopment costs including
land acquisition charges based on current appraisals and
current construction costs for off-sil and on -site improve-
ments.
2. Analysis of seasonal trends influencing the use of parking
spaces for both beach -goers and specialty commercial shop
patrons'.
3. Analysis of operating revenues based on the seasonal Patterns
derived and the number of parking spaces supported.
4, Analysis of operating costs including debt service require-
ments.
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These analyses will be carried out over a two to four year period with
the resultant operating margin derived for each year. The most probable long
run operating margin will be determined from the first years' operations.
Fifteen copies of a letter report can be delivered two to three weeks
after receiving authorization toproceedwith the strdy. Total. costs for research
time and publication will not exceed $850 without prior client approval. Since
the budget is limited, an oral presentation of the findings, if it is desired, will
have to be billed in addition to the above mentioned cost.
Acceptance of this proposal canbe indicated by signing an enclosed
copy and returning it to Economics Research Associates.
We look forward to working with you on this : roject. Should you have
any questions regarding this .proposal, please call.
Sincerely,
��----,fie---
William S. Lund
Executive VicePresident
WSL: ba
Accepted by:
Name:_ e A0 Date: / (%
Name: _Date: