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HomeMy WebLinkAbout1998-05-12 - AGENDA REPORTS - NEWHALL RANCH PROJ (3)AGENDA REPORT City Manager Item to be presented`by: Steve Stark UNFINISHED BUSINESS DATE: May 12, 1998 SUBJECT: STATUS REPORT ON FISCAL IMPACT ANALYSIS - NEWHALL RANCH PROJECT DEPARTMENT: Administrative Services RECOMMENDED ACTION City Council receive. status report on work done to date on the fiscal impact analysis for Newhall Ranch. BACKGROUND At the regular City Council meeting of April 28, 1998, the City Council authorized the City Manager to hire an independent consultant to do an in-depth analysis of the Newhall Ranch Project. Specifically, this consultant would determine.the fiscal impacts of this project to the City of Santa Clarita. A specific scope of services was developed to address the City Council's concerns and was sent out to four consultants who perform this type of work. After reviewing each of the responses, staff determined that Ultra Research was the most qualified consultant. At this meeting staff will introduce the selected consultants and provide a status report on the work which has been done to date, as well as work in progress. ALTERNATIVE ACTIONS Other actions as determined by the City Council. FISCAL IMPACTS Funds for this expenditure will come from the City Council Contingency Account. Council is authorizing a not -to -exceed amount of $25,000 SS:KS:hds at @.nrfiarsl f 7n;, A ends Item: /.�