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HomeMy WebLinkAboutContract CAG-19-174 • AGREEMENT FOR IMPACT ANALYSIS & REPORTING SERVICES THIS AGREEMENT, dated May 31, 2019 is by and between the City of Renton (the "City" or "Client"), a Washington municipal corporation, and Economic Modeling, LLC, ("Consultant" or"Emsi"); a Delaware limited liability company. The City and the Consultant are referred to collectively in this Agreement as the "Parties." Once fully executed by the Parties, this Agreement is effective as of the last date signed by both parties 1. Scope of Work: Consultant agrees to provide an analysis of the estimated economic impacts of the 200 Mill Project as specified in Exhibit A, which is attached and incorporated herein and may hereinafter be referred to as the "Work," as may be supplemented by attached Exhibit B (Emsi's proposal). For clarity, all terms of the Scope of Work, except those which have been lined out,are included in this agreement as if fully set forth herein, even if such terms relate to matters beyond the work to be performed, and except to the extent such terms conflict with the other terms set forth in this Agreement. 2. Changes in Scope of Work: The City, without invalidating this Agreement, may order changes to the Work consisting of additions,deletions or modifications.Any such changes to the Work shall be ordered by the City in writing and the Compensation shall be equitably adjusted consistent with the rates set forth in Exhibit A or as otherwise mutually agreed by the Parties. No changes will take effect unless agreed to in writing by Consultant. 3. Time of Performance: Consultant shall commence performance of the Agreement pursuant to the schedule(s) set forth in Exhibit A. All Work shall be performed by no later than July 31, 2019. 4. Compensation: A. Amount. Total compensation to Consultant for Work provided pursuant to this Agreement shall not exceed $5,000.00, plus any applicable state and local sales taxes. Compensation shall be paid as a fixed sum. The Consultant agrees that any hourly or flat rate charged by it for its Work shall remain locked at the negotiated rate(s) unless otherwise agreed to in writing or provided in Exhibit A or B. Except as specifically provided herein, the Consultant shall be solely responsible for payment of any taxes imposed as a result of the performance and payment of this Agreement. B. Method of Payment. Consultant will invoice the City upon contract signature, and the full amount will be due within 30 days of invoicing. If the Consultant's performance does not meet the requirements of this Agreement, the Consultant will correct or modify its performance to comply with the Agreement. The City may withhold payment for work that does not meet the requirements of this Agreement. C. Effect of Payment. Payment for any part of the Work shall not constitute a waiver by the City of any remedies it may have against the Consultant for failure of the Consultant to perform the Work or for any breach of this Agreement by the Consultant. D. Non-Appropriation of Funds. If sufficient funds are not appropriated or allocated for payment under this Agreement for any future fiscal period, the City shall not be obligated to make payments for Work or amounts incurred after the end of the current fiscal period, and this Agreement will terminate upon the completion of all remaining Work for which funds are allocated. No penalty or expense shall accrue to the City in the event this provision applies. 5. Termination: A. The City reserves the right to terminate this Agreement at any time, with or without cause by giving ten (10)calendar days' notice to the Consultant in writing. In the event of such termination or suspension,all finished or unfinished documents,data,studies, worksheets, models and reports, or other material prepared by the Consultant pursuant to this Agreement shall be submitted to the City, if any are required as part of the Work. B. In the event this Agreement is terminated by the City,the Consultant shall be entitled to payment for all hours worked to the effective date of termination, less all payments previously made. If the Agreement is terminated by the City after partial performance of Work for which the agreed compensation is a fixed fee, the City shall pay the Consultant an equitable share of the fixed fee. This provision shall not prevent the City from seeking any legal remedies it may have for the violation or nonperformance of any of the provisions of this Agreement and such charges due to the City shall be deducted from the final payment due the Consultant. No payment shall be made by the City for any expenses incurred or work done following the effective date of termination unless authorized in advance in writing by the City. 6. Warranties And Right To Use Work Product: Consultant represents and warrants that Consultant will perform all Work identified in this Agreement in a professional and workmanlike manner and in accordance with all reasonable and professional standards and laws. Compliance with professional standards includes, as applicable, performing the Work in compliance with applicable City standards or guidelines (e.g. design criteria and Standard Plans for Road, Bridge and Municipal Construction). Professional engineers shall certify engineering plans, specifications, plats, and reports, as applicable, pursuant to PAGE 2OF10 RCW 18.43.070. Consultant further represents and warrants that all final work product created for and delivered to the City pursuant to this Agreement shall be the original work of the Consultant and free from any intellectual property encumbrance which would restrict the City from using the work product. Consultant grants to the City a non- exclusive, perpetual right and license to use, reproduce, distribute, adapt, modify, and display all final work product produced pursuant to this Agreement. The City's or other's adaptation, modification or use of the final work products other than for the purposes of this Agreement shall be without liability to the Consultant. The provisions of this section shall survive the expiration or termination of this Agreement. 7. Record Maintenance: The Consultant shall maintain accounts and records, which properly reflect all direct and indirect costs expended and Work provided in the performance of this Agreement and retain such records for as long as may be required by applicable Washington State records retention laws, but in any event no less than six years after the termination of this Agreement. The Consultant agrees to provide access to and copies of any records related to this Agreement as required by the City to audit expenditures and charges and/or to comply with the Washington State Public Records Act (Chapter 42.56 RCW). The provisions of this section shall survive the expiration or termination of this Agreement. 8. Public Records Compliance: To the full extent the City determines necessary to comply with the Washington State Public Records Act,Consultant shall make a due diligent search of all records in its possession or control relating to this Agreement and the Work, including, but not limited to, e-mail, correspondence, notes, saved telephone messages, recordings, photos, or drawings and provide them to the City for production. In the event Consultant believes said records need to be protected from disclosure, it may, at Consultant's own expense, seek judicial protection. Consultant shall indemnify, defend, and hold harmless the City for all costs, including attorneys' fees, attendant to any claim or litigation related to a Public Records Act request for which Consultant has responsive records and for which Consultant has withheld records or information contained therein, or not provided them to the City in a timely manner. Consultant shall produce for distribution any and all records responsive to the Public Records Act request in a timely manner, unless those records are protected by court order.The provisions of this section shall survive the expiration or termination of this Agreement. 9. Independent Contractor Relationship: A. The Consultant is retained by the City only for the purposes and to the extent set forth in this Agreement.The nature of the relationship between the Consultant and the City during the period of the Work shall be that of an independent contractor, not employee.The Consultant, not the City,shall have the power to control and direct the details, manner or means of Work. Specifically, but not by means of limitation, the Consultant shall have no obligation to work any particular hours or particular PAGE 3 OF 10 schedule, unless otherwise indicated in the Scope of Work or where scheduling of attendance or performance is mutually arranged due to the nature of the Work. Consultant shall retain the right to designate the means of performing the Work covered by this agreement, and the Consultant shall be entitled to employ other workers at such compensation and such other conditions as it may deem proper, provided, however, that any contract so made by the Consultant is to be paid by it alone, and that employing such workers, it is acting individually and not as an agent for the City. B. The City shall not be responsible for withholding or otherwise deducting federal income tax or Social Security or contributing to the State Industrial Insurance Program,or otherwise assuming the duties of an employer with respect to Consultant or any employee of the Consultant. C. If the Consultant is a sole proprietorship or if this Agreement is with an individual,the Consultant agrees to notify the City and complete any required form if the Consultant retired under a State of Washington retirement system and agrees to indemnify any losses the City may sustain through the Consultant's failure to do so. 10. Hold Harmless: The Consultant agrees to release, indemnify, defend, and hold harmless the City, elected officials, employees, officers, representatives, and volunteers from any and all claims, demands, actions, suits, causes of action, arbitrations, mediations, proceedings, judgments, awards, injuries, damages, liabilities, taxes, losses, fines, fees, penalties, expenses, attorney's or attorneys' fees, costs, and/or litigation expenses to or by any and all persons or entities, arising from, resulting from, or related to the negligent acts, errors or omissions of the Consultant in its performance of this Agreement or a breach of this Agreement by Consultant, except for that portion of the claims caused by the City's sole negligence. Should a court of competent jurisdiction determine that this agreement is subject to RCW 4.24.115, (Validity of agreement to indemnify against liability for negligence relative to construction,alteration,improvement,etc., of structure or improvement attached to real estate...)then, in the event of liability for damages arising out of bodily injury to persons or damages to property caused by or resulting from the concurrent negligence of the Consultant and the City, its officers, officials, employees and volunteers, Consultant's liability shall be only to the extent of Consultant's negligence. It is further specifically and expressly understood that the indemnification provided in this Agreement constitute Consultant's waiver of immunity under the Industrial Insurance Act, RCW Title 51, solely for the purposes of this indemnification. The Parties have mutually negotiated and agreed to this waiver. The provisions of this section shall survive the expiration or termination of this Agreement. PAGE 4 OF 10 11. Gifts and Conflicts: The City's Code of Ethics and Washington State law prohibit City employees from soliciting, accepting, or receiving any gift, gratuity or favor from any person, firm or corporation involved in a contract or transaction. To ensure compliance with the City's Code of Ethics and state law,the Consultant shall not give a gift of any kind to City employees or officials. Consultant also confirms that Consultant does not have a business interest or a close family relationship with any City officer or employee who was, is, or will be involved in selecting the Consultant, negotiating or administering this Agreement, or evaluating the Consultant's performance of the Work. 12. Intentionally Omitted. 13. Insurance: Consultant shall secure and maintain: A. Commercial general liability insurance in the minimum amounts of $1,000,000 for each occurrence/$2,000,000 aggregate for the Term of this Agreement. B. In the event that Work delivered pursuant to this Agreement either directly or indirectly involve or require Professional Services, Professional Liability, Errors and Omissions coverage shall be provided with minimum limits of $1,000,000 per occurrence. "Professional Services", for the purpose of this section, shall mean any Work provided by a licensed professional or Work that requires a professional standard of care. C. Workers' compensation coverage, as required by the Industrial Insurance laws of the State of Washington, shall also be secured. D. Commercial Automobile Liability for owned,leased, hired or non-owned, leased, hired or non-owned, with minimum limits of $1,000,000 per occurrence combined single limit, if there will be any use of Consultant's vehicles on the City's Premises by or on behalf of the City, beyond normal commutes. E. Consultant shall name the City as an Additional Insured on its commercial general liability policy on a non-contributory primary basis. The City's insurance policies shall not be a source for payment of any Consultant liability, nor shall the maintenance of any insurance required by this Agreement be construed to limit the liability of Consultant to the coverage provided by such insurance or otherwise limit the City's recourse to any remedy available at law or in equity. F. Subject to the City's review and acceptance, a certificate of insurance showing the proper endorsements, shall be delivered to the City before performing the Work. 0 PAGE 5 OF 10 G. Consultant shall provide the City with written notice of any policy cancellation,within two (2) business days of their receipt of such notice. 14. Delays: Consultant is not responsible for delays caused by factors beyond the Consultant's reasonable control. When such delays beyond the Consultant's reasonable control occur,the City agrees the Consultant is not responsible for damages, nor shall the Consultant be deemed to be in default of the Agreement. 15. Successors and Assigns: Neither the City nor the Consultant shall assign, transfer or encumber any rights, duties or interests accruing from this Agreement without the written consent of the other. 16. Notices: Any notice required under this Agreement will be in writing, addressed to the appropriate party at the address which appears below (as modified in writing from time to time by such party),and given personally, by registered or certified mail, return receipt requested, by facsimile or by nationally recognized overnight courier service.Time period for notices shall be deemed to have commenced upon the date of receipt, EXCEPT facsimile delivery will be deemed to have commenced on the first business day following transmission. Email and telephone may be used for purposes of administering the Agreement, but should not be used to give any formal notice required by the Agreement. (.6) PAGE 6 OF 10 17. CITY OF RENTON CONSULTANT David Buchheit Zachary Hurt 1055 South Grady Way 409 South Jackson Street Renton, WA 98057 Moscow, ID 83843 Phone: (425) 430-7270 Phone: (208) 883-3500 DBuchheit@Rentonwa.gov legal@economicmodeling.com 18. Discrimination Prohibited: Except to the extent permitted by a bona fide occupational qualification, the Consultant agrees as follows: A. Consultant, and Consultant's agents, employees, representatives, and volunteers with regard to the Work performed or to be performed under this Agreement, shall not discriminate on the basis of race, color, sex, religion, nationality, creed, marital status, sexual orientation or preference, age (except minimum age and retirement provisions), honorably discharged veteran or military status, or the presence of any sensory, mental or physical handicap, unless based upon a bona fide occupational qualification in relationship to hiring and employment, in employment or application for employment, the administration of the delivery of Work or any other benefits under this Agreement, or procurement of materials or supplies. B. The Consultant will take affirmative action to insure that applicants are employed and that employees are treated during employment without regard to their race, creed, color, national origin, sex, age, sexual orientation, physical, sensory or mental handicaps, or marital status. Such action shall include, but not be limited to the following employment, upgrading, demotion or transfer, recruitment or recruitment advertising, layoff or termination, rates of pay or other forms of compensation and selection for training. C. If the Consultant fails to comply with any of this Agreement's non-discrimination provisions, the City shall have the right, at its option, to cancel the Agreement in whole or in part. D. The Consultant is responsible to be aware of and in compliance with all federal, state and local laws and regulations that may affect the satisfactory completion of the project, which includes but is not limited to fair labor laws, worker's compensation, and Title VI of the Federal Civil Rights Act of 1964,and will comply with City of Renton Council Resolution Number 4085. 19. Miscellaneous:The parties hereby acknowledge: A. The City is not responsible to train orr`provide training for Consultant. �ri►� PAGE 7OF10 B. Consultant will not be reimbursed for job related expenses except to the extent specifically agreed within the attached exhibits. C. Consultant shall furnish all tools and/or materials necessary to perform the Work except to the extent specifically agreed within the attached exhibits. D. In the event special training, licensing, or certification is required for Consultant to provide Work he/she will acquire or maintain such at his/her own expense and, if Consultant employs, sub-contracts,or otherwise assigns the responsibility to perform the Work, said employee/sub-contractor/assignee will acquire and or maintain such training, licensing, or certification. E. This is a non-exclusive agreement and Consultant is free to provide his/her Work to other entities, so long as there is no interruption or interference with the provision of Work called for in this Agreement. F. Consultant is responsible for his/her own insurance, including, but not limited to health insurance. G. Consultant is responsible for his/her own Worker's Compensation coverage as well as that for any persons employed by the Consultant. 20. Other Provisions: A. Approval Authority. Each individual executing this Agreement on behalf of the City and Consultant represents and warrants that such individuals are duly authorized to execute and deliver this Agreement on behalf of the City or Consultant. B. General Administration and Management. The City's project manager is David Buchheit. In providing Work, Consultant shall coordinate with the City's contract manager or his/her designee. C. Amendment and Modification. This Agreement may be amended only by an instrument in writing, duly executed by both Parties. D. Conflicts. In the event of any inconsistencies between Consultant proposals and this Agreement, the terms of this Agreement shall prevail. Any exhibits/attachments to this Agreement are incorporated by reference only to the extent of the purpose for which they are referenced within this Agreement. To the extent a Consultant prepared exhibit conflicts with the terms in the body of this Agreement or contains terms that are extraneous to the purpose for which it is referenced, the terms in the body of this Agreement shall prevail and the extraneous terms shall not be incorporated herein. c4 PAGE 8 OF 10 E. Governing Law. This Agreement shall be made in and shall be governed by and interpreted in accordance with the laws of the State of Washington and the City of Renton. Consultant and all of the Consultant's employees shall perform the Work in accordance with all applicable federal, state, county and city laws, codes and ordinances. F. Joint Drafting Effort.This Agreement shall be considered for all purposes as prepared by the joint efforts of the Parties and shall not be construed against one party or the other as a result of the preparation, substitution, submission or other event of negotiation, drafting or execution. G. Jurisdiction and Venue. Any lawsuit or legal action brought by any party to enforce or interpret this Agreement or any of its terms or covenants shall be brought in the King County Superior Court for the State of Washington at the Maleng Regional Justice Center in Kent, King County, Washington,or its replacement or successor. Consultant hereby expressly consents to the personal and exclusive jurisdiction and venue of such court even if Consultant is a foreign corporation not registered with the State of Washington. H. Severability. A court of competent jurisdiction's determination that any provision or part of this Agreement is illegal or unenforceable shall not cancel or invalidate the remainder of this Agreement, which shall remain in full force and effect. I. Sole and Entire Agreement. This Agreement contains the entire agreement of the Parties and any representations or understandings, whether oral or written, not incorporated are excluded. J. Time is of the Essence. Time is of the essence of this Agreement and each and all of its provisions in which performance is a factor. Adherence to completion dates set forth in the description of the Work is essential to the Consultant's performance of this Agreement. K. Third-Party Beneficiaries. Nothing in this Agreement is intended to, nor shall be construed to give any rights or benefits in the Agreement to anyone other than the Parties,and all duties and responsibilities undertaken pursuant to this Agreement will be for the sole and exclusive benefit of the Parties and no one else. L. Binding Effect. The Parties each bind themselves, their partners, successors, assigns, and legal representatives to the other party to this Agreement, and to the partners, successors, assigns, and legal representatives of such other party with respect to all covenants of the Agreement. CI) PAGE 9 OF 10 M. Waivers. All waivers shall be in writing and signed by the waiving party. Either party's failure to enforce any provision of this Agreement shall not be a waiver and shall not prevent either the City or Consultant from enforcing that provision or any other provision of this Agreement in the future. Waiver of breach of any provision of this Agreement shall not be deemed to be a waiver of any prior or subsequent breach unless it is expressly waived in writing. N. Counterparts. The Parties may execute this Agreement in any number of counterparts, each of which shall constitute an original, and all of which will together constitute this one Agreement. IN WITNESS WHEREOF, the Parties have voluntarily entered into this Agreement as of the date last signed by the Parties below. CITY OF RENTON CONSULTANT By: `� By: Chip Vincent Timothy van den Broek CED Administrator CFO 06(f '. 06/05/2019 Date Date Attest Jason A. City erk Approved as to Legal Form Shane Moloney Renton City Attorney Contract Template Updated 03/12/2019 c4 PAGE 10 OF 10 Exhibit A • 409 S.Jackson St. •I/I I Emsu Tel:208-883-3500 Fax:208-882-3317 www.economicmodeling.com Emsi Representative:Nathan Foss Work Agreement:Renton Department of Community&Economic Development Consulting This Custom Consulting work agreement is between Renton Department of Community & Economic Development of Renton,Washington(hereinafter,"Client"),and Economic Modeling LLC(hereinafter,"Emsi"),of Moscow,Idaho,for the provision of the Custom Consulting. Scope of Work Emsi will provide Client with an analysis of the estimated economic impacts of Client's 200 Mill Ave Project("the Project).The study will assess the following impacts: • The short-run spending impact during the construction phases of the Project • An overview of the long-run spending and tax impact of the Project's tenants The short-and long-run perspectives will highlight the temporal nature of the Project's impact on the regional economy over the course of construction and after. Short-run Impacts Short-run construction spending analysis will measure the impact of planned construction spending over the life of the project.These impacts will be relative to the year the project spending occurs—e.g.,if the project spending extends multiple years,the impacts will also extend multiple years.Once the construction is complete,the short-run impacts end and the long- run impacts begin. Economic impacts which will be felt in the short-run will include construction materials and labor costs.The impact of this scenario will be fed into Emsi's propriety Input-Output model to determine the economic effects of such a project both in the community and on the local supply chain.The local supply chain impact will be broken into Earnings,Sales, and Job impacts of construction and project completion. Long-run Impacts The Long-run analysis will serve as a high-level overview of the long-run impacts of the Project. This will be highlighted by high level tax impacts as well as employment in the new multi-use complex. IL Fee The fee for this agreement is$5,000.00, Invoiced upon contract signature and due within 30 days.Sales tax will be added where applicable. tll. Deliverables The end result of this study will be a condensed analysis of the short-run construction spending impacts and the long-run operational and sales impact of the proposed construction project. Emsi will provide Client with a two-page summary of the project results. All relevant questions and analysis will be encapsulated on the final deliverable,set to be delivered at the conclusion of the study. • Page 2 IV. Timeline Emsi will deliver final report to Client within 14 business days of contract execution. V. Requirements of Client At the start of this study,Client will be responsible for providing Emsi with available project spending speccations regarding the Project This will assist Emsi in completing the proposed project before the proposed deadline and ensure accuracy of the analysis. VI. Authorized Contacts These contacts will represent the Client and be the point persons for Emsi to contact for data collection,feedback on reports and invoicing. Invoice Contact Consulting Contact Name: Tide: Mailing Address: Phone: Fax: Email: VII. Data Use Agreement The data provided by Emsi may be published only with citation to Emsi. Neither the report Itself nor any data included in the report may be resold. VIII. Work Samples Unless instructed otherwise by the client,Emsi may share the deliverables with a third party as samples of work previously completed. IX. Publishing Emsi Data AN report data must be referenced to Ems'when results are presented publicly. No unreferenced public usage or presentation of data is allowed. X. Responsibility for Outcomes Emsfs products and services use data, reports, and forecasts which are generated using government data sources and proprietary analytical processes.Emsi uses estimates when there are suppressed or missing data points, and such estimates are subject to error. Data, reports, and forecasts induded in Emsi's products and services may differ significantly from actual circumstances or outcomes. Emsi's products and services are provided as is, without warranty for a particular purpose or project.Emsi is not liable for their misuse,or for the results of any planning errors based thereon.The Client is fully responsible for the decisions that are made based on Emsfs products or services and the outcomes of those decisions. By purchasing Emsi's products or services, the Client shail not hold Emsi liable for economic loss arising from their use. serviee•in question. • Page 3 XI. Applicable Law previsions, XII. Compliance with Laws Emsi warrants that its performance under this agreement complies with all applicable laws.If at any time during the term of this agreement it becomes unlawful for Emsi to continue performance, Emsi may immediately terminate its performance under this agreement without penalty.If Emsi terminates under this section, Emsi will refund the unused portion of any prepaid fees. XIII. Complete Agreement For Emsi: For-Client Authorized nature Date Authorized nature Bate Printed-Name Printed-Name Development 1 -S-Grady Wy weer Exhibit B City of Ren fon, Washington Renton, Washington 200 Mill Ave Project May 20, 2019 Nathan Foss Emsi 409 S. Jackson Street Moscow, 83843 USA Federal Tax ID: 27-1605272 Table of Contents About Emsi 2 The Team 3 Proposal 6 Project Timeline 7 Cost Breakdown 7 Pricing 8 1 About Emsi Emsi provides actionable data and consulting to help you understand and communicate your economic and workforce strengths, respond to business inquiries, benchmark your region against your peers, and attract and retain skilled talent to help your community prosper. For nearly 20 years, Emsi has supplied workforce and economic development J: professionals with the labor market and / economic insights to help them improve to0 and grow their communities. To date, f _ Emsi has worked with over half of the r. community colleges and over a quarter m of the workforce development boards in -• - the U.S., as well as state labor marketi , ,t .. 1 ; - agencies, Fortune 500 corporations, and other non-profit organizations. Through Moscow, ID this work, we have developed the expertise necessary to deliver final products and client experiences that are robust enough to withstand the many challenges inherent in understanding business needs and workforce and economic development opportunities. We are confident that our workforce database and custom analysis will meet the specific needs of this project. Emsi's consulting services team regularly performs: workforce availability analyses; industry sector and cluster analyses; workforce, education, and skills gap analyses; project, program, and organization specific economic impact analyses; and workforce compatibility and career pathway assessments to name a few. Through these analyses, Emsi consistently partners with workforce and economic development organizations, educational institutions, and other non-profit organizations to assist in developing long- term and strategic plans. The idea is to not only provide the most comprehensive economic, demographic, and workforce information available, but also to better equip our customers with the knowledge and skills they need to better understand their economies and the workforce needs in their regions. This will allow them to make strategic, data- driven decisions, increase the efficiency and effectiveness of their efforts, and ultimately get better results. 2 The Team Project Members . _ Nathan Foss 1104,- r Account Executive D.L.�gw 4 1.. -7 Nathan Foss is an Account Executive with Emsi. He will serve as the primary contact for this project. Nathan graduated from the University of Idaho with his BS in Management Information Systems. His background is in data science and database administration. Nathan has worked in multiple areas of the public sector to gain a better understanding of data uses and how data serves businesses. Alivia Metts 4" Economist and Director of Community Analytics Ms. Metts has over 15 years of experience in helping communities thrive. She joined Emsi's Consulting Team in November 2016. Her insightful economic and demographic analyses guide decision makers in economic and commercial development as well as transportation and environmental planning. Ms. Metts has worked in both the public and private sectors. Most recently she served in the Idaho Department of Labor as the Regional Economist for the state's five most northern counties. There she focused on the special needs of communities and performed economic analysis across all industries for businesses, governments, and economic development agencies. Ms. Metts has a Bachelor of Arts degree in economics from the University of Michigan. I I 3 Hector Acosta Senior Consultant and Research Analyst Hector Acosta joined Emsi's Community Insights consulting team in January 2019 following five years in workforce development. Most recently he was the Research and Data Analyst for Worksystems, the award-winning Workforce Development Board for Portland Metro. Through his work, Hector published an array of reports, ranging from labor market data for target industries to breaking down the demographics of target populations. While at Worksystems, he became a well-respected source for labor market information and presented to a diverse group of audiences, from national workforce conferences to local stakeholders and government officials. Prior to Worksystems, Hector was a researcher at Workforce Intelligence Network (WIN), a partnership of ten community colleges and six Michigan Works! Agencies in southeast Michigan. His project experience at WIN included labor market reports, customized data requests, and workforce consulting for three National Manufacturing Institutes. Mingoo Kang #r t Economist and Data Scientist .0 Kang is a graduate of the University of Wisconsin-Madison's Master of Economics program, with extensive quantitative research experience on econometrics, labor economics, methodology design, and statistical data analytics. Before that, he served as a financial and human resource officer at the Headquarter of the Korean Army, providing financial optimization and labor allocation analysis and research. Kong is passionate about constructing an actionable solution to economic problems based on factual evidences from data, economic theories, and econometric methodologies. 4 James Howard tilm u Data Analyst olli , Mr. Howard joined Emsi's Community Insights team in December 2016. Mr. Howard supports the consulting team in a variety of areas. His expertise ranges from data analytics to project realization. Mr. Howard understands client needs and executes on insightful economic analysis, innovative visualizations, and encapsulates data to tell the most compelling story. James graduated from the University of Idaho with his BS in Economics. 5 Proposal Project Approach This analysis will highlight and estimate the economic impacts of the 200 Mill Ave Project. Two impacts will be measured: (1) the short-run spending impact during the construction phases, (2) an overview of the long-run spending and tax impact of the project's tenants. The short- and long-run perspectives will highlight the temporal nature of the project's impact on the regional economy over the course of construction and after. Short-run Impacts Short-run construction spending impacts measure the impact of planned construction spending over the life of the project. These impacts will be relative to the year the project spending occurs -e.g., if the project spending extends multiple years, the impacts will also extend multiple years. Once the construction is complete, the short-run impacts end and the long-run impacts begin. Economic impacts which will be felt in the short-run will include construction materials and labor costs. The impact of this scenario will be fed into Emsi's propriety Input-Output model to determine the economic effects of such a project both in the community and on the local supply chain. The local supply chain impact will be broken into Earnings, Sales, and Job impacts of construction and project completion. Long-run Impacts This section will serve as a high-level overview of the long-run impacts of the 200 Mill Ave Project. This will be highlighted by high level tax impacts as well as employment in the new multi-use complex. Data Requirements At the start of the project, Renton will be responsible to provide available project spending specifications regarding the 200 Mill Ave Project. This will assist Emsi in completing the proposed project before the proposed deadline and ensure accuracy of the analysis. Deliverable The end result of the project will be a condensed analysis of the short-run construction spending Impacts and the long-run operational and sales Impact of the proposed construction project. Emsi will put together a 2-page summary of the project results. 6 Despite the brevity of the deliverable, it will encompass the results of Emsi's world class economic modeling and the conclusions and analysis of Emsi's economists and consultants. All relevant questions and analysis will be encapsulated on the final deliverable, set to be delivered at the conclusion of the project. Delivery Timeline Upon signing, Emsi will have 14 business days to deliver the final report to the client. Project Timeline Upon signing, Emsi will begin gathering the necessary data in order to construct the appropriate models. The second part of the study will be to analyze impacts using Emsi's proprietary Input-Output model. The next step in the project is to analyze the results and build the final deliverable. Overall, an estimated of 20 hours will be needed to do a complete high-level impact assessment of the construction project. To better understand the breakdown of how time will be spent working on this project, a table with a complete breakdown, from start to finish has been provided. Project Break Down by Hours per Task: Project Hours Data collection 5 Model Application 10 Analysis and Draft Creation 5 0 2 4 6 8 10 11 Cost Breakdown Total hours = 20 7 4 Cost per hour= $2501 Total cost of the project = 20 * $250 = $5,000 Pricing The total price for the project comes out to be $5,000. This is derived from Emsi's Community Insights discounted hourly consulting fee of $250 an hour and the total project hours. Proposal Validity This proposal is valid for 90 days from date of issue. Relevant Experience and Project Examples Emsi's regional economic modeling capabilities provide our clients with information and data they can use to demonstrate the economic significance of their business activities, industry or project. To date, Emsi has conducted 2,000 comprehensive, regional economic impact studies. The purpose of economic modeling is to estimate the ripple effects of changes in jobs, earnings, or sales in one or more industries on the economy and other industries in a region. Emsi has more experience conducting complex, multi-facility impact studies than any other firm. Through these, we have developed the expertise necessary to deliver final products and client experiences that are robust enough to withstand the many challenges inherent to economic impact studies. Wharton ISD The Wharton Capital Improvements project was made up of 2 parts: the Wharton Independent School District investing $59.6 million into capital improvements, and the city investing 73.6 million into the Wharton Flood Protection System project. Our study analyzed the 2 investments and determine their contributions to the community-jobs created, earning increases, spending in the region, impacts on taxes. The final goal was to determine the short-term and long-term effects the project would have on the local economy. CentrePort Winnipeg Economic Impact Study This study was analyzing the impact of the CentrePort Canada Rail Park project. CentrePort Canada Rail Park was a 700-acre site that was being redeveloped. Our job was to understand the potential contribution the project would have on 'Discounted rate in order to meet budget restrictions 8 the Manitoba economy. The project included analyzing the 12 proposed uses for the site that were to be constructed in three phases. • Contact Nathan Foss Account Executive I Community Insights 208-997-8009 nathan.foss C1 economicmodeling.com economic model ing.com Ali Ems! 409 S. Jackson Street Moscow, 83843 USA Federal Tax ID: 27-1605272