CC - Agendas - City Council - REGULAR - 8/14/2018

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9.H.a City of Prescott, Arizona Water, Wastewater and Water Resources Utility Development Impact Fees and Associated Documents appropriateness of alternative assessment mechanism for multi -family developments which may alternatively be assessed per dwelling unit. The results of the initially calculated fees will be evaluated within the Task 7 cash flow analysis prior to finalizing recommended fees for each category and/or service area. TASK 7 Conduct Funding and Cash Flow Analysis Raftelis will evaluate or "test" the cash flow requirements of the calculated DIFs for each fee category and/or service area. The cash flow analysis will incorporate initial financing decisions for future DIF eligible facilities as well as repayment of previously financed improvements for facilities serving new development funded through existing cash balances and future DIF revenues recovered from new development. The forecast period will span a 10-year period with annual results projected. Funding gaps may be met through external financing, previously identified and/or identified through this task, as well as potential intrafund loans particularly if multiple service areas are maintained. Up to three cash flow scenarios are proposed within the base scope of services and through the cash flow analysis. DIFs may be updated to reflect the financing requirements as determined through discussions with City staff, prior to and during an on -site workshop. TASK 8 Preparation of IIP / Development Fee Report Raftelis will prepare a draft IIP and DIF report which documents the overall study including the need, recommended methodology, and material assumptions and considerations including detailed calculations supporting the proposed DIFs and relative assessment fee schedules. Raftelis will prepare a single version of the draft report for review by City staff. The draft report will be provided in an electronic format for staff review and we will incorporate mutually agreed upon changes and provide to the City up to 20 bound copies as well as a .pdf version of the final study report. TASK 9 Presentations / Meetings Presentations to refine and communicate interim and final study recommendations as well as onsite project meetings are proposed to be completed throughout the study. We propose the following to complete on -site project meetings with City staff throughout the project. • Project kick-off meeting to affirm study objectives, gather data and City input, finalize study schedule, and provide the foundation for the study • Project workshop timed around the Task 5 issuance of initial study deliverables and methodology recommendations, as well as discussion of additional policy -related items • Cash flow workshop to refine and finalize preliminary DIFs proposed by fee category To augment on -site meetings, phone calls and/or GoToMeetings will be completed as necessary to support the requirements of the subsequent tasks. Attachment: Raftelis Scope of Work -Prescott DIF and Rate Study (2124 : Rate & Fee Study Contract with Raftelis) RAFTELIS Water, Wastewater and Water Resource Utility DIF Study and Associated Documents - Attachment Pa€ Packet Pg. 240