HomeMy WebLinkAbout369918 E P S ECONOMIC AND PLANNING SYSTEMS INC - CONTRACT - PURCHASE ORDER - 9131828PURSUANT TO AN AGREEMENT BETWEEN
THE CITY OF FORT COLLINS
AND
CCcivlorv.I'c 0.. J v1n}rr 5�/bjtw 5
DATED: 3�z 4( 3
Work Order Number:
Purchase Order Number:
Project Title: A41-4ou1N (Ivban f l"Jfo tl 7('4
Commencement Date: 2 T 1.3
Completion Date: Z j Z:;� ( 3
Maximum Fee: (time and reimbursable direct costs): �57,, d o0
Project Description: A44 CA. Z
Scope of Services: e ' d
Professional agrees to perform the services
identified above and on the attached forms In
accordance with the terms and conditions
contained herein and in the Professional Services
Agreement between the parties. In the event of a
conflict between or ambiguity in the terms of the
Professional Services Agreement and this work
order (including the attached forms) the
Professional Services Agreement shall control.
The attached forms consisting of _ U pages
are hereby accepted and incorporated herein, by
this reference, and Notice to Proceed Is -hereby
given.
Professional
By
Date:
City df Fort Collins
By: _7_a�c' LVc_
Project Manager
Date: 31 s z (r 3
By:
James B. O'Neill II, CPPO, FNIGP
Director of Purchasing and Risk Management
(over$60,000.00)
Date:
IOrder #
Verrdcr/SuPPller #
OV # Batch #
Acct #_5t n 9 ire ems' ,
EPS
Task 3
Midtown Urban Renewal Plan County Property Tax
.Impacts
Work Plan and Budget
Work Program
Task 1: Existing URA Districts
Based on its work on the proposed URA at Foothills Mall, EPS will estimate the amount of assessed
value in the Urban Renewal Plan (URP) boundaries that is in current or proposed URA districts. This
includes the assessed value in the existing Prospect South URA, as well as the proposed URA at
Foothills Mall.
Task 2: Future URA Districts
EPS will review and evaluate the previous work performed on the corridor to estimate the amount of
assessed value in the URP boundaries that would be incorporated into future project -specific URA
districts. Depending on the available data, this will be estimated either at the specific parcel level or
in aggregate as a percent of total existing assessed value.
Task 3: County Property Tax Impacts on non -URA Parcels in URP Boundaries
It is anticipated that as a result -of the proposed Foothills Mall redevelopment, that property in the
URP boundaries will appreciate at a greater rate than if the Foothills Mall were not to redevelop. It is
also anticipated that the increased property tax revenue as a result of this appreciation will more
than offset any forgone property tax revenue to the County as a result of the Foothills Mall URA.
Thus, EPS will estimate anticipated property value appreciation with and without the Foothills Mall
redevelopment for all parcels in the URP boundaries not in a current; proposed, or future URA
district. Because the exact appreciation rate is unknown, the projected appreciation as a result of
the Foothills ,Mall redevelopment will be presented as a range of potential rates for the purposes of
relative comparison. This will be compared to the potential forgone County property tax revenue as
a result of the proposed Foothills Mall URA.
Task 4: County Property Tax Impacts on Parcels outside of URP Boundaries
While EPS believes the URP boundaries are sufficiently large enough to capture the potential
property value Impacts as a result of the Foothills Mall redevelopment, EPS will also evaluate
whether there is specific property outside of the URP boundaries that may experience property tax
impacts. This is anticipated to be any primarily commercial property in the immediate vicinjty of the
mall itself. Any potential impacts will also be presented as a range for relative comparison.
Task 5: Report
EPS will prepare a concise memo with accompanying maps summarizing its analysis and the
potential implications for the County.
Budget
The above Task 1-5 will be performed on a time and materials basis not to exceed $5,000 without
the prior approval of the City.