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Manual and the criteria established in the RFP. Based on the written proposal, staff experience, and other factors, the committee ranked Tindale -Oliver and Associates, Inc. as number one for impact fee update consultant services. On February 12, 2019, the Board of County Commissioners reviewed and approved the selection committee's recommendation and authorized staff to proceed with contract negotiations with the number one ranked firm, Tindale -Oliver and Associates, Inc. (and the subsequent ranked firm, should negotiations with the higher ranked firm fail). ANALYSIS Since Board approval of the consultant selection committee's recommendation, staff has successfully negotiated a proposed contract with the top ranked consultant (Attachment 1). That contract contains tasks authorizing the consultant to: 1. utilize the latest available data to update land acquisition and infrastructure costs; 2. review existing and adopted levels of service to determine the LOS that can be used in the fee calculations; 3. update impact fee credits based on the availability of other funding sources; 4. update the Affordable Growth Model based on a reexamination of growth rate assumptions and available "buy down" revenue; 5. develop an updated impact fee cost schedule; and 6. review existing traffic impact fee benefit districts and make recommendations regarding boundary changes and/or reduction in number of districts. The negotiated cost for impact fee update consultant services to be provided by Tindale -Oliver and Associates, Inc. is $149,529. That amount is $27,634 less than the $177,163 original proposed amount in the consultant's response to the County's RFP and is over $50,000 less than the impact fee update the same consulting firm completed for the county in 2014. Based upon the project schedule included in Appendix A of the proposed contract, the impact fee study update is scheduled to take approximately 9 months to complete. This schedule is consistent with the County's anticipated 9 month project time frame listed in the RFP. The proposed schedule anticipates that a Notice to Proceed will be issued on April 1, 2019, with a draft Technical Report submittal in late September and a final report submittal in late October. A total of three public meetings are anticipated during the months of October through November 2019 for review and adoption of the impact fees. FUNDING Charges from the impact fee consultant will be paid with revenue from the Impact Fee administration fund - Impact Fees/Administration/Other Professional Services (10320415- 033190). 2 68