Title
Enhanced Municipal Services District Financial Analysis Services Informal Solicitation Contract Award (SOL-CED-21-FAS) (Ordinance S-48655)
Description
Request to authorize the City Manager, or his designee, to enter into a contract with Applied Economics, LLC for financial analysis services for the Enhanced Municipal Services District (EMSD). The total aggregate contract value will not exceed $36,875. Funding is available in the Community Reinvestment Fund. Further request authorization for the City Treasurer to accept funds and the City Controller to disburse funds related to this item.
Report
Summary
City Council authorized the formation of the Downtown EMSD in 1990 to provide enhanced public services, above and beyond the level of services provided in the remainder of the City. Costs for Downtown EMSD services are paid through assessments on property owners within the Downtown EMSD boundaries, between 3rd Avenue and 7th Street and from Fillmore Street to Buchanan Street. The City contracts directly with Downtown Phoenix, Inc. (DPI) to implement and provide services to the Downtown EMSD. The Downtown EMSD annual budget provides a variety of enhanced services in the downtown core, including business improvement services and overall business development. The Downtown EMSD reimburses the City for all expenses related to this contract.
In compliance with Title 48 of the Arizona Revised Statutes (ARS), the City requires financial analysis services that include assessment calculations based on property valuation data provided by the Maricopa County Assessor, the City and DPI. The data must be analyzed to determine the annual EMSD assessment for each property located within the Downtown EMSD. The assessment calculations are based on property type, usage, lot square footage, and linear square footage. The financial analysis services must also include an annual EMSD Assessment Diagram, based on the details described in the calculations. The diagram must also include property type, usage, lot square footage, building square footage, and linear square footage pursuant to ARS 47-575 (D).
Procurement Information
An informal solicitation, SOL-CED21-FAS, was issued on March 8, 2022 and conducted in accordance with Administrative Regulation 3.10. The City received one responsive proposal from Applied Economics, LLC by the proposal deadline. Staff recommends moving forward with Applied Economics, LLC, the sole responsive proposer, for EMSD financial analysis services.
Contract Term
The initial term of the contract will be 18 months beginning on or about June 24, 2022, and will include three one-year renewal options.
Financial Impact
Estimated annual expenditure for the contract is approximately $7,375, not to exceed $36,875 over the span of the contract. There will be no impact to the General Fund; funding is available in the Downtown Community Reinvestment Fund and reimbursed to the City by the Downtown EMSD.
Location
Council District(s): 7 and 8
Department
Responsible Department
This item is submitted by Deputy City Manager Ginger Spencer and the Community and Economic Development Department.