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1 . SCOPE OF WORK - EXHIBIT A <br /> Task 1 : Project Initiation <br /> As a first step, EPS will meet with City staff to identify key issues, establish roles, and <br /> refine the scope and schedule, as necessary. EPS will also use this opportunity to review <br /> the recently adopted General Plan Update and Housing Element in detail. Following a <br /> project initiation meeting with the City, EPS will assemble, organize, and review relevant <br /> background data from the City, including the following: <br /> • Development program and projections by TAZ <br /> • Recent revenue and expenditure trends <br /> • Pipeline development data <br /> • Any other relevant data (HdL sales tax data, demographic overview, etc.) <br /> This data will be used as the basis for establishing a growth forecast and budgetary <br /> trends overview, as further described in Task 2. <br /> Task 2 : Development Forecast and Analysis <br /> A forecast of new development and other economic changes will be necessary to drive <br /> the fiscal impact analysis. The estimates of future development will provide a technical <br /> basis for both cost and revenue forecasting. Anticipated demographic changes <br /> (population aging) and economic changes (e.g., housing market recovery, improved sales <br /> tax performance, etc.) will need to be estimated as such changes have a direct effect on <br /> municipal revenues. Given uncertainties regarding future conditions, it is likely that a set <br /> of growth or change "scenarios"will be prepared, representing a likely range of outcomes <br /> on key variables. <br /> This task will document existing development, demographics, and business activity and <br /> also establish a development forecast needed to "drive"the analysis. The development <br /> forecast is particularly relevant to the City of Pleasanton given that it is approaching a <br /> "buildout" condition (where most available vacant land will be developed). As buildout <br /> approaches, fiscal impact analysis will explore likely changes in the composition of <br /> municipal expenditures (e.g., reduced development services costs) and revenues (e.g., <br /> diminished development service charges and fees). It is expected that the City's recent <br /> General Plan Update and other City data resources will provide much of the needed <br /> information, such as projections at buildout by TAZ. <br /> Documentation of existing development (quantities of various components of land use <br /> including residential units by density and price prototype) and commercial space by <br /> business type (office, retail, service commercial, etc.) will provide a key input for the EPS <br /> municipal cost analysis, including average cost and marginal cost measures. EPS will also <br /> conduct review of the market characteristics of existing development including home <br /> prices, retail sales performance, employment densities, etc., which will provide a key <br /> input for the EPS municipal revenue calculations and related forecasts. <br /> 1 U:\Fiscal Impact Report\Exbibit A to Contract doe <br />