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HomeMy WebLinkAboutKatz, Hollis, Coren & Associates, Inc. - 1985-04-15p` ..�..4. ..,.. •i ' 'It ��yF E IJJUL UNI C (MM/UU/T T) .., _519186 PRODUCER THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER THIS CERTIFICATE DOES NOT AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW Federman -Bachrach & Associates COMPANIES AFFORDING COVERAGE j 144 S. Beverly Drive, #600 Beverly Hills, CA 90212 i COMPANY LETTER COMPANY LETTER 01c 7.nriph America INSURED LETTER COMPANY c Katz, Hollis, Coren & Associates 550 So Hill, #980 Los Angeles, CA 90013 COMPANY LETTER COMPANY E LETTER I THIS IS TO CERTIFY THAT POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS, AND CONDI- TIONS OF SUCH POLICIES. CO LTRco TYPE OF INSURANCE POLICY NUMBER POLICY EFFECTIVE DATE (MM/DDNY) POLICY EXPIRATION DATE (MM/DDNY) LIABILITY LIMITS IN THOUSANDS EACH OCCURRENCE AGGREGATE GENERAL LIABILITY COMPREHENSIVE FORM BODILY INJURY $ $ X PROPERTY DAMAGE $ $ I A PREMISES/OPERATIONS UNDERGROUND EXPLOSION & COLLAPSE HAZARD ZIP321876200 5/1/86 5/1/87 PRODUCTS/COMPLETED OPERATIONS CONTRACTUAL BI M COMBINED 2 $ INDEPENDENT CONTRACTORS X BROAD FORM PROPERTY DAMAGE PERSONAL INJURY PERSONAL INJURY $ B AUTOMOBILE LIABILITY ANY AUTO BAP322185902 12/1/85 12/1/86 BODILY (PERRPERSON) ( $ BODILY INJURY (PER ACCIDENT) $ ALL OWNED AUTOS (PRIV PASS) OTHER THAN \ ALL OWNED AUTOS PRIV PASS 1 PROPERTY DAMAGE $ HIRED AUTOS NON -OWNED AUTOS GARAGE LIABILITY BI & PD COMBINED $ 500 EXCESS LIABILITY C X UMBRELLA FORM CU322346801 4/15/86 4/15/87 COMBINED $ 11000, $1,1000) OTHER THAN UMBRELLA FORM PPP �D E WORKERS' COMPENSATION AND WC322329201 5/5/86 5/5/87 STATUTORY (EACH ACCIDENT) $ (DISEASE -POLICY LIMIT) EMPLOYERS' LIABILITY $ (DISEASE -EACH EMPLOYEE) OTHER 4LMC V9D IS TO DESCRIPTION OF OPERATIONS/LOCATIONSNEHICLESISPECIAL ITEMS City Of Huntington Beach li City Attorney 2000 Main Street aTT„r,tinatnn RPach_ CA 92648 SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EX- PIRATION DATE THEREOF, THE ISSUING COMPANY WILL MaEXXMXXX ' MAIL 30 DAYS WRITTEN NOTICE TO THE CERTIFICATE HOLDER NAMED TO THE LEFT, �tt3t�7&!#lG3C�If�9Clt]C�41�CJ�MRXA�;' - AUTHORIZED REPRESENTATIVE / _ �,J REQUEST FOR CITY COUNCIL ACTION ��sl..,•� Date August 9, 1984 Submitted to: Honorable Chairman and Redevelopment Members Submitted by: Charles W. Thompson, Chief Executive Officer Prepared by: James W. Palin, Director, Development Services P Subject: CONTRACT WITH CONSULTANT TO ASSIST PREPARATION OF REDEVELOPMENT DOCUMENTS Statement of Issue, Recommendation, Analysis, Funding Source, Alternative Actions, Attachments: STATEMENT OF ISSUE: On August 6, 1984, the City Council authorized the staff to distribute a request for proposals for a consultant to assist with preparation of the required redevelopment documents for the proposed Huntington Center Commercial District and Talbert Gap Flood Control project areas. Staff has received proposals and selected the consultant named in the attached contract to perform the necessary work. The contract between the City and the consultant has been prepared by the City Attorney's office and is attached for your approval. REC OMIEN DAT I ON : Approve the attached contract for assistance with the preparation of redevelopment documents. ANALY SI S : No 4181 Recent State legislation will significantly alter the process through which local jurisdictions designate Redevelopment Project Areas. This legislation will become effective January 1, 1985, and if the Huntington Center and Flood Control Areas are to become adopted and effective Redevelopment Project Areas prior to this date, it is necessary to move forward with all possible speed. To assure that this plan adoption process goes as smoothly and expeditiously as possible, the City will secure the services of a reputable consultant firm to assist in the preparation of the "Report to City Council" and ether documents necessary for plan adoption, and to assure that the schedule of this plan adoption will allow the Project Areas to become effective prior to January 1, 1985. The consultant will be performing specific tasks in this process to augment City staff efforts in areas where technical expertise may be needed. These areas will probably include traffic circulation, finance, biology and documentation of blight. Most of the work, however, will be done by staff. G FUNDING SOURCE: The cost of consultant services is outlined in the attached contract. It is recommended that the City Council authorize a loan from the City unappropriated fund balance to the Redevelopment Agency for this purpose and that repayment of this loan be subject to the terms and conditions of the current Cooperation Agreement between the Ctiy and the Redevelopment Agency. ALTERNATIVE ACTION: Do not approve the attached contract. In this case. staff will attempt to complete all necessary work preparing the redevelopment project documents. This may result in the documents being less comprehensive and more vulnerable to legal challenge. ATTACHMENTS: 1. Consultant Contract 2. Request for Council Action from meeting of August 5, 1984 3. Request for Qualifications and Proposal CWT :JWP: JAF: j r .1034d - 2- 8 -9 - 8 4 - RCA CITY OF HUNTINGTON BEACH 2000 MAIN STREET OFFICE OF THE CITY CLERIC July 9, 1985 Katz, Hollis, Coren & Associates, Inc. 550 S. Hill Street 4930 Los Angeles, CA 90013-2410 Attn: Allan Roberson CP%LIFORNIA 92643 The Redevelopment Agency of the City of Huntington Beach, at its April 17, 1985 meeting, approved an agreement for consultant services with your firm. A fully executed copy of this agreement together with a copy of the Certificate of Insurance which you submitted is enclosed. Alicia M. Wentworth City Clerk AMW:CB: t Enclosure cc: Doug La Belle - Deputy Director Redevelopment Steve Kohler - Sr. Community Development Specialist [Telephene. 714 536-52271 •, �a �1 ' tj , CITY OF HUNTINGTON BEACH s`1"' 2000 MAIN STREET re�� _/ IFO I �2648 OFFICE OF THE CITY CLERK �Y tW ill . --j p4.t.f-L.'KJ/l�r 3 •� f i 2 ! IS `/.Y April 17, 1985 Katz, Hollis, Coren & Associates, Inc. 550 S. Hill Street #980 Los Angeles, CA 90013-2410 Pursuant to our telephone conservfation on April 17, 1985, I am forwarding Certificate of Insurance forms for your firm to complete in connection with your Agreement For Consultant. Services with the Redevelopment Agency. The insurance coverages required by the agreement are set forth on Pages 3 a 4 of the agreement - (attached). A fully executed copy of this agreement will be sent to you following approval of your Certificate of Insurance by the City Attorney. Alicia M. Wentworth City Clerk AM%I:CB: js Enclosure cc: Doug La Belle - Deputy Direc=or Redevelopment Steve Kohler - Sr. Community Development Specialist t (TNephon .714.53fr5227) REQUEST F03REDEVELOPMENT /jENCY ACTION - RH 85--15 Date Apra 1 4, 1985 . Submitted to: Honorable Mayor and City Council Members/Honorable Chairman and Redevelopment Agency Members Submitted by: Charles W. Thompson, City Administrator/Chief ExetCg55C0yjG1L Prepared by: Douglas N. La Belle, Deputy Director of Redevelop enSubject: APPROVAL OF CONTRACT WITH KATZ-HOLLIS CORENY CL Consistent with Council Policy? N ] Yes [ ] New Policy or Exception Statement of Issue, Recommendation, Analysis, Funding Source, Alternative Actions, Attachments: STATEMENT OF ISSUE: Proposals have been received from consulting firms seeking to provide fiscal consultant services to the Redevelopment Agency. As a result of a review of these proposals, the attached contract with Katz -Hollis Coren to provide such services is submitted for the Redevelopment Agency's consideration. RECOKMENDATION: Approve and authorize the clerk to execute the attached contract between the Redevelopment Agency and Katz -Hollis Coren to provide consultant services assessing the fiscal status of the Redevelopment Agency. ANALYSIS: As the Redevelopment Agency approaches the point in time when Disposition Development Agreements or Owner Participation Agreements will be signed for major projects, it becomes particularly important to assess the Redevelopment Agency's current fiscal status as well as anticipated future Agency revenues. Due to the limited amount of time available prior to the execution of these DDA's, it's recommended that staff be assisted with the consultant services of the Katz -Hollis Coren firm. The attached contract will procure the services of the Katz -Hollis firm on an as needed basis for the Redevelopment Agency at,the firm's standard rates.- Most -importantly, the -scope of-workasdefined in the contract (and as -an immediate task for the -firm) provides -that its representatives will 3ssess-all current financial obligations' --- incurred by the -agency through the Cooperative Agreement with the City and previously approved Owner Participation Agreements and assess likely Agency revenues over a five year period. The results of this Investigation will form the basis for preparing a financial plan to meet currently knows and future Redevelopment Agency obligations and a strategy through which the proposed development within the Agency's project areas may be effectuated. Staff has reviewed proposals from other firms to provide similar services and interviewed representatives of these firms. The staff's recommendation is that Katz -Hollis can best provide the scope of services required by the Agency and will be of most assistance in the activities described above. P1011 /E5 ',iLTERNATIVE ACTIONS: Do not approve the attached contract. FISCAL IMPACT• Katz -Hollis immediate assessment of Agency obligations and future revenues as known at this time, will be performed.fbr a not to exceed amount of $7,000 within a 45 day period. Should additicnal services of the firm be required, payment would be in accordance with the firms standard schedule of payment for staff and out-of-pocket expenses from the Redevelopment Agency budget. ATTACHMENTS: 1. Contract between the Redevelopment Agency and Katz -Hollis Coren. CWT:DNL:SVK:sar ,- j7. t�� r + ISSUE DA E ( /DDN " + V i ® 5-7-85 PRODUCER THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS Walter & CO NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AMEND, Federman . EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. 144 So. Beverly Drive Beverly Hills, CA 90212 COMPANIES AFFORDING COVERAGE COMPALETTER A Zurich Insurance Company COMPANY B INSURED LETTER Katz, Hollis, Coren & Associates, Inc • COMPANY C 550 South Hill Street, Suite 980 LETTER Los Angeles, CA 90013 LEARNY p COMPANY E LETTER • THIS IS TO CERTIFY THAT POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUEOTO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS, AND CONDI- TIONS OF SUCH POLICIES CO TYPE OF INSURANCE POLICY NUMBER POLICY EFFECTIVE DATE (MM/DO/YY) POLICY EXPIRATION DATE (MM/MNY) LIABILITY LIMITS IN THOUSANDS EACH LTR OCCURRENCE AGGREGATE GENERAL LIABILITY BODILY $ $ A COMPREHENSIVE FORM ZIP 32 18 762 - 00 5-1-85 5-1-86 INJURY X X PROPERTY $ $ PREMISESIOPERATIONS UNDERGROUND DAMAGE EXPLOSION & COLLAPSE HAZARD X PRODUCTS/COMPLETED OPERATIONS CONTRACTUAL BI & PD COMBINED $1 ,000, $l ,000, X INDEPENDENT CONTRACTORS BROAD FORM PROPERTY DAMAGE MAY 21 'G5 X PERSONAL INJURY PERSONAL INJURY $1 , 000 , X AUTOMOBILE LIABILITY BOCI;Y IRIURY $ �,rfya,a ANY AUTO (PER PERSON) CRY $ A X ALL OWNED AUTOS (PRIV PASS) BAP 32 21 859 - 00 12-1-84 12-1-85 ALL OWNED AUTOS (OTHER THAN PRIV PASS ;PER ACl DENn €� , HIRED AUTOS PROPERTY NON -OWNED AUTOS DAMAGE $ T> y GARAGE LIABILITY BI & PD $ 500 .- COMBINED EXCESS LIABILITY A UMBRELLA FORM CU 32 23 468 - 00 4-15-85 4-15-86 COMBINED $ 1,000, $ 1,000 OTHER THAN UMBRELLA FORM STATUTORY a-?- A WORKERS' COMPENSATION WC 3223292-00 5-5-85 5-5-86y3 $ 100, (EACH ACCIDENT) AND $ 500 , (DISEASE POLICY LIMIT) ' EMPLOYERS' LIABILITY $ 100 , (DISEASE -EACH EMPLOYEE) ;. IL 1ilJ71 "N C ty A` DESCRIPTION OF OPERATIONS/LOCATIONSNEHICLES/SPECIAL ITEMS By: Dn::ut-r cifi r &ttorney City of Huntington Beach City Attorney P.O. Box 190 Huntington Beach, CA 92648 SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EX- PIRATIQH DATE THEREOF, THE ISSUING COMPANY WILL et=X%=XZ:O MAIL JUU DAYS WRITTEN NOTICE TO THE CERTIFICATE HOLDER NAMED TO THE LEFT,L14ii�CA�A?�L�XO()fC>tCIK NO(�f910XI0)C )ON KlXS7Q�J�`b( AUTHORIZED REP,iF$ENTp�FfVc wa ter Federman GL 20 13 • (Ed. 07 66) This endorsement forms a part of the policy to which attached, effective on the in:eption date of the policy unless otherwise stated herein. (The following information Is required only when this endorsement is issued subsequent to preparation of policy.) Endorsement effective 5-7-85 Policy No. ZIP 32 18 762 — 00 Endorsement No. Named Insured Kathz, Hollis, Caren $ Associates, Inc. Waltede ..a & Co. Additioral Premium S TBD Countersigned b /`�`r C'--- ()uthorized Representative) Walter Federman This endorsement modifies such insurance as is afforded bi the prarisions of the policy relating to the fallowing: COMPREHENSIVE GENERAL LIABILITY INSURANCE MANUFACTURERS AND CONTRACTORS LIABILITY INSURANCE OWNERS. LANDLORDS AND TENANTS LIABILITY INSURANCE SMP LIABILITY INSURANCE STOREKEEPERS INSURANCE ADDITIONAL INSURED (Stale or Political Subdivisions —Permits Relating to Premises) Fiscal consulting to be performed at insured's office and client's office at 2000 Main Street, Huntington Beach, California 92648 It is agreed that the "Persons Insured" provision includes as an Insured any stat, or political subdivision designated in the schedule below, subject to the following additional provisions: 1. The insurance for any such Imured applies only with respect to such of the following hazards for which the state or political subdivision has issued a permit in connection with premises owned by, rented to or controller by the named insured and to which The Bodily Iniury liability Coverage apples: (a) the existence, maintenance, repair, construction, erection or removal of advertising signs, awnings, canopies, cellar entrances, coal holes. driveways, manholes, marquees, hoistaway openings, sidewalk vault:, street banners or decorations and similar exposures: (b) the construction, erection er removal of elevators; (c) the ownership, maintenance or use of any elevators covered by the p )licy. 2. If Property Damage LPabillty Coverage is not otherwise afforded, such insurance shall nevertheless apply with respect to operations performed by or on behalf of the named Insured in connection with the hazard for which the permit has been issued subject to the limits of liability stated herein. SCHEDULE Designation of State of Political Subdivision: City of Huntington Beach, Huntington Beach, CA 92648 Limits of Property Damage liability t 110001000 each occurren:e = 11000,000 aggregate Annual Premium S TBD MAY 2 1 198,5 INS, & BENEFITS r:1 7A 1It A A REDEVELOPMENT AGENCY CITY OF HUNTINGTON BEACH KATZ, HOLLIS, COREN & ASSOCIATES, INC. AGREEMENT FOR CONSULTING SERVICES THIS AGREEMENT is entered into on this ,1� day of of 1985, by and between the Redevelopment Agency of the City of Huntington Beach (hereinafter referred to as the "Agency") and KATZ, HOLLIS, COREN & ASSOCIATES, INC., a California corporation (hereinafter referred to as the "Consultant"). W I T N E S S E T H WHEREAS, the Agency has undertaken certain activities pursuant to the California Community Redevelopment Law necessary to the planning and execution of redevelopment projects; and the Agency desires to engage the Consultant to render certain technical advice and assistance on financial matters in connection with such undertakings of the Agency; and the Consultant represents that it is qualified to perform such services under this Agreement. NOW, THEREFORE, THE PARTIES FERETO DO MUTUALLY AGREE AS FOLLOWS: I. SCOPE OF SERVICES The Consultant shall perform all of the necessary services provided under this Agreement in connection with and respecting the undertakings of the Agency. The Consultant, when requested by the Agency, shall confer with and advise the Agency regarding the various aspects of its plan and programs. The scope.of services for Consultant initial task is.additionally. defined in the attached Exhibit -A, which is incorporated herein as if fully set forth herein. Services to be performed hereunder do not include services directly related to the sale of a bond issue by the Agency. II. ASSISTANCE, DATA AND INFORMATION TO BE FURNISHED BY THE AGENCY The Agency shall provide the Consultant with any plans, publications, reports, statistics, records or other data or information pertinent to services to be performed hereunder, which are reasonably available to the Agency. The Agency shall additionally provide Consultant appropriate staff assistance and shall take prompt and appropriate action when it will assist • in insuring proper and timely perfomance by the Consultant hereunder. III. COMPENSATION AND METHOD OF PAYMENT A. Compensation The Agency will compensate the Consultant for services performed in accordance with the following schedule: Principals $95 per hour Senior Associates $80 per hour Associates $65 per hour :Senior Analyst $55 per hour Analyst $40 per hour Secretarial/Administrative $28 per hour The Agency will compensate the Consultant for out-of-pocket expenses incurred by the Consultant in connection with services performed hereunder in accordance with the following schedule: Incurred Expenses - by an amcunt equal to actual incurred expenses. Automobile Mileage - at the rate of $0.20 per mile. Photocopies - at the rate of $0.10 per page for each document copy in excess of five (5) document copies. "Incurred expenses" include, but are not limited to, authorized travel by common carrier; long distance telephone calls; commercial reproduction; shipping and messenger services; and other similar expenses. Incurred expenses do not include nornal overhead expenses. B. Method of Payment Within thirty (30) days after the last day of any month in which services have been performed hereunder, the Consultant shall submit an invoice to the Agency stating the amcunt due Consultant for such services, and containing a breakdown of the charges by Project, compensation, hourly rate and number of hours worked. The invoice shall also contain an itemization of out-of-pocket expenses incurred by the Consultant and for which compensation is due. Payment of the invoice will to made after acceptance and approval by the Agency within thirty (30) days of receipt of such invoice. Agency's approval of the invoice shall not be unreasonably withheld. IV. RIGHT OF TERMINATION This Agreement may be termine.ted by either party on thirty (30) days written notice to the other, the effective date of cancellation being the 30th day of said written notice without further action by either party. -2 - MA V. NON-DISCRIMINATION Consultants agree that in the performance of the terms of this Agreement, they will not engage in, nor permit their agents to engage in, discrimination in employment of persons because of race, religious creed, color, national origin, ancestry, physical handicap, medical condition, marital status, or sex of such person-;, except as provided in Labor Code 1420. Violation of this provision may result in the imposition o penalties referred to in Division 2, Part 7, Chapter i of the California Labor Code. VI. INDEMNIFICATION, DEFENSE, HOLD HARMLESS Consultants shall defend, ind?mnify and hold harmless Agency, its officers, agents and employees, from and against any and all liability, judgments, damages, costs, losses, claims, including Workers' Compensation claims, and expenses resulting from or connected with Consultants' negligence or other tortious conduct in the performance of this Agreement. VII. WORKERS' COMPENSATION Consultants shall comply with all of the provisions of the Workers' Compensation Insurance and Safety Acts of the State of California, the applicable provisions of Division 4 and 5 of the California Labor Code and all amendments thereto; and all similar state or federal acts or laws applicable; and shall indemnify, defend and hold harmless Agency from and against all claims, demands, payments, suits, actions, proceedings and Judgments of every nature and description, including attorneys' fees and costs, presented, brought or recovered against Agency, for or on account of any liability under any of said acts which may be incurred by reason of any work to be performed by Consultants under this Agreement. VIII. INDEPENDENT CONTRACTOR It is further understood and agreed that Consultants are, and shall be, acting at all times as independent contractors herein and not as employees of Agency. Consultants shall secure at their expense, and be responsible for any and all payment of income tax, so:ial security, state disability insurance compensation, unemployment compensation and payroll deductions for Consultants and their officers, agents and employ?es and all business licenses, if any, in connection with the services to be performed hereunder. IX. INSURANCE In addition to the Workers' Compensation Insurance and Consultant's conversant to indemnify City, Consultant shall obtain and furnish to City the following insurance policies covering the Project: A. General Liability Insurance. A policy of general public liability insurance, including motor vehicle coverage. Said policy shall indemnify Consultant, its officers, agents and employees, while acting within the scope of their duties, against any and all claims arising out of or in connection with the Project, and shall provide coverage in not less than the following amount: -3- combined single limit bodily injury or property damage of $300,000 per occurrence. Said policy shall specifically provide that any other insurance coverage which may be applicable to the Project shall be deemed excess coverage and that Consultant's insurance shall be primary. And City its officers, agents and employees, while acting within the scope of their duties, shall be additionally named as co -insureds in any such policy and indemnified in the same manner as is Consultant. Certificates of Insurance for said policies shall be approved in writing by the City Attorney prior to the commencement of any work hereunder. All Certificates of Insurance (and the policies of insurance or endorsements thereof) shall provide that any such Certificates and policies shall not be cancelled or modified without thirty (30) days' prior written notice to City. X. NOTICES Notices to the parties, unless otherwise requested in writing, shall be sent to the Agency at 2000 Main Street, Huntington Beach, California, 92648 and the Consultant at 550 South Hill Street, Suite 980, Los Angeles, California, 90013-2410. IN WITNESS WHEREOF, the Agency and the Consultant have executed this Agreement as of the date first hereinabove set forth. ATTEST: By - ". . ) ?"— Agency Clerk APPROVED AS 0 FORM: By: Special Agency Couns APPROVED AS TO CONTENT: By: Agency Counsel INIIATED & APPROVED: By e uty Director of Redevel ment KATZ, HOLLIS, IT� APPROVED: & ASSOCIATES, INC. By: Chairperson APPROVED: 7By: 7F.,-9...��1 // -4- ' EXHIBIT A - — Katz Hollis Coren KatzHollis 8 Associates,lnc VDFinancial �.�~�1 Consultants_ - 0 �, �ga5 550 S.Hill Street March 20, 1985 Suite 980 - co �Uxfi pLYE ap1AVT Los Angeles,CA 900t3 24,0 Steven Kohler (213) E29 -3065 Department of Development Services City of Huntington Beach P.O. Box 190 Huntington Beach, California 92648 San Francisco.CA (415) 788-0360 Subject: Proposal for Initial Financial Consulting Services Dear Mr. Kohler: Per your request we are submiti.ing the enclosed contract for the provision of financial consulting services for the Redevelopment Agency of the City of Huntington Beach and, as described below, a proposal for the initial services our firm would provide if the contract is approved by the Agency. The proposal is based on conversation with you and other Agency/City staff and reflect:; the indication of the complexity of current Agency undertakings provided in those conversations. Scope of Initial Services Our intent in performing the initial services would be the provision of an overview of the current fiscal status of the Agency and a projection, over a five to ten year period, of the future status of the Agency given currently anticipated activities. The overview would focus on and emphasize the Main Pier Project based on our understanding that activities in this Project constitute the Agency's highest priority. The overview of current Agency status would be performed through a review of existing Agency obligations under disposition and development agreements, agreements with the City of Huntington Beach, loans, advances and other commitments. The review of obligations would be complemented by a similar review of the resources of the Agency. A comparison of the findings of the two reviews would constitute the statement of current Agency status. The cash flow projection of the Agency's status in future years would be prepared by scheduling expenditures to be made under currently - anticipated Agency activities and comparing these expenditures to estimated future Ievels of resources available to the Agency. With - regard to future tax increment, a major resource for funding Agency activities, we will use, at least initially, the projections already prepared by Agency staff. We will, however, advise you if we believe that actual revenues may vary significantly from the staff projection either because of technical assumptions used in preparation of the projection or changes in the scope and scheduling of future development on which the projection is based. .• • EXHIBIT A Katffloffls Steven Kohler City of Huntington Beach March 20, 1985 Page 2 Both the overview of current status and the cash flow projection will be accompanied by our commentary find suggestions as to how the Agency can more effectively implement its plans and programs. It is our intent that this commentary be presented in an interactive way, particularly with regard to the cash flow, to enable the incorporation of suggestions acceptable to staff and thereby produce a projection which can also serve as a general financial plan for the Agency's undertakings. Compensation We estimate that our provision of the services discussed above would cost the Agency between five thousand and seven thousand dollars,. Actual compensation for the services would be based on actual hours expended and the hourly rates shown in the enclosed contract. Schedule of Performance We will perform the initial services described above within forty-five days of receipt of a contract approved and executed by the Agency and a written notice to proceed. We hope this information provides an adequate indication of the services we propose. Please call if you have any questions. Sincerely, KATZ, HOLLIS, COREN & ASSOCIATES, INC. wence J.Aeneaux LJA:cjw