670 Mesquit Fiscal and Economic Analysis

Back to searchHomeSearch for Opportunities670 Mesquit Fiscal and Economic AnalysisOpportunity Bid due in:16 days, 16 hours, 8 minutes, 31 seconds Opportunity Bid is past dueOpportunity Summary due in:17 days, 20 hours, 38 minutes, 31 seconds Opportunity Summary is past dueBIP Outreach due in:2 days, 4 hours, 8 minutes, 31 seconds BIP Outreach is past due670 Mesquit Fiscal and Economic AnalysisStatusStageOpenPosted3/15/2024Outreach Due3/18/2024, 07:00 AM UTC** Bid Due4/1/2024, 07:00 PM UTCSummary Due4/2/2024, 11:30 PM UTCPartner No ContactOrganizationCity of Los AngelesDepartmentChief Legislative AnalystNameAlex WhiteheadEmailEmail alex.whitehead@lacity.orgPhone(213) 473-5744SummaryMore TabsOpportunity IDOrganization212202City of Los AngelesCategoryBid MethodTypePersonal ServicesWhole ItemRFB - Request For BidDescriptionConsistent with the City’s economic development policies, the Chief Legislative Analyst (CLA) seeks a

consultant who will provide an independent fiscal and economic analysis of the proposed 670 Mesquit Hotel project (CF 23-0854). This analysis will include an evaluation of the development costs of the hotel, the hotel financing plan and development schedule, and any potential financing gap; an estimate of revenues to be earned by the City’s general fund; and determinations concerning the need and amount of development incentive that may be necessary to support the project. Because this project includes housing and commercial components, the consultant will need to evaluate the gap relative to potential returns in all components of the development to determine the gap for the hotel. Consultant will also evaluate anticipated job creation, including temporary, permanent, and indirect jobs created by the project. Consultant is expected to attend meetings related to project analysis, prepare necessary reports, and present findings to the City Council and its committees as needed. If City Council approves the findings of the analysis and instructs City staff to further negotiate with the Developer, Consultant would provide additional support to City staff during negotiations, which could include refinements to the fiscal analysis, evaluation and consultation on incentive and fiscal terms related to the incentive. Preparation of a Government Code 53083 analysis would be required. All elements of the analysis will be conducted in a manner that conforms to and addresses the City’s Block Grant Investment Fund (BGIF) Policy.LinksOpportunity Forms Please login to find opportunity forms Prime NAICSIndustry926110: Administration of General Economic ProgramsPublic Administration925120: Administration of Urban Planning and Community and Rural DevelopmentPublic Administration541611: Administrative Management and General Management Consulting ServicesProfessional, Scientific, and Technical ServicesSub NAICSIndustry928120: International AffairsPublic AdministrationMeetingsDocuments Please login to download listed documents for this opportunity. NameUploadedSizeRequest for Bids - 670 Mesquit (20240102)3/15/2024, 05:21 PM UTC142.5 kBDownload the RAMP Business Inclusion Program Walkthrough ManualSummary