1 SECOND AMENDMENT TOPROFESSIONAL CONSULTANT SERVICES AGREEMENTECONOMIC AND PLANNING SYSTEMS INC.Development of an Inclusionary Housing Program (RFP No. 2054)THIS SECOND AMENDMENT TO PROFESSIONAL CONSULTANT SERVICES AGREEMENT Second Amendmenis made and entered into this __________ day of ____________________, 2023, by and between the CITY OF RIVERSIDE, a California charter city and municipal corporation, and ECONOMIC AND PLANNING SYSTEMS INC.,a California corporation), with respect to the following:RECITALSWHEREAS, the City and Consultant entered into that certain Professional Consultant Services Agreement dated May 20, 2021, for Development of an InclusionaryHousing Program (RFP No. 2054).WHEREAS, the City and Consultant entered into that certain First Amendment to Professional Consultant Services Agreement dated May 20, 2022 (First Amendment), to extend the term of the Agreement for one year.WHEREAS, the Agreement is set to expire May 20, 2023.WHEREAS, the City and Consultant would like to extend the term of the Agreement for one year, to May 20, 2024, add additional services, and increase compensation in the amount of Forty-Thousand One Hundred Twenty Dollars ($40,120.00), for the extended term of the Agreement, for total compensation in the amount of One Hundred Twenty Thousand Four Hundred Twenty Dollars ($120,420.00)NOW, THEREFORE, incorporating the recitals set out above, the parties hereto mutually agree to the following amendment to the Agreement.1. Section 1, Scope of Services, is hereby amended to add additional services, inaccordance with the terms set forth in Exhibit A-1,attached hereto and incorporated herein by this reference.2. Section 2, Term, is hereby amended to extend the term of the Agreement for oneyear, to May 20, 2024.3. Section 3, Compensation/Payment, is hereby amended to add additionalcompensation in the amount of Forty Thousand One Hundred Twenty Dollars ($40,120.00), forthe extended term of the Agreement, for total compensation in the amount of One Hundred 2 Twenty Thousand Four Hundred Twenty Dollars ($120,420.00), in accordance with the terms set forth in Exhibit B-1,attached hereto and incorporated herein by this reference.4. All other terms and conditions of the Agreement between the parties, which arenot inconsistent with the terms of this Second Amendment, shall remain in full force and effect as if fully set forth herein.IN WITNESS WHEREOF, the parties hereto have caused this Second Amendment to Professional Consultant Services Agreement to be duly executed the day and year first above written.CITY OF RIVERSIDE,a California charter city and municipalcorporationBy:___________________________City ManagerAttest:_________________________City ClerkCertified as to Availability of Funds:By: __________________________Chief Financial OfficerApproved as to Form:By:___________________________Assistant City Attorney ECONOMIC AND PLANNING SYSTEMS INC., a California corporationBy:_____________________________Print Name:______________________Title:____________________________(Signature of Board Chair, President, orVice President)andBy:_____________________________Print Name:_______________________Title:____________________________(Signature of Secretary, Assistant Secretary, CFO, Treasurer, or Assistant Treasurer)\\Rc-citylaw\cycom\WPDOCS\D002\P034\00716873.DOC21-0179.2 SDW 8/24/23
EXHIBIT A-1SCOPE OF SERVICES
Economic & Planning Systems, Inc. (EPS) 2Z:\Shared\Projects\LA\204000s\204046_Riverside Inclusionary\Admin\Riverside Inclusionary Housing Program_EPS Scope Amendment_5.18.23.docx Attachment AProposed Scope of ServicesDevelopment of Inclusionary Housing Program for City of RiversideBudget and Scope AmendmentEPS is currently supporting the City of Riverside (City) in exploring the development of an inclusionary housing program. In the course of the study process, additional work tasks for EPS have been identified by the City. EPS’s proposed scope of services and budget to complete these additional tasks is included below.P r op os e d S co pe o f S e r v i cesAdditional Task 1: Updates to Feasibility Analysis EPS’s most recent feasibility analysis supporting the proposed inclusionary housing ordinance was conducted using HCD’s 2022 income limits for lower-income households in Riverside County. Since that time, financial markets have seen increases in interest rates, affecting both development costs and supportable mortgage values. Also, in May 2023, HCD released updated income limits for 2023. EPS will review and update its feasibility model to reflect the financing changes and the most recent income limits, and will identify if the updated figures impact the findings of the feasibility study as it relates to inclusionary requirements. EPS will provide the City with updated PowerPoint tables reflecting this new data.Additional Task 2: Planning Commission and City Council Public Meetings EPS will prepare for and attend up to five (5) public meetings where the City’s Planning Commission or City Council will discuss the inclusionary housing program. The budget for this task assumes at least one EPS staff member will attend the meetings in-person. EPS will present at these meetings as requested by City staff. Additional Task 3: Implementation Documents Should the City adopt an inclusionary housing program, EPS will assist the City staff in preparing documents related to implementation of the program. These will include a summary of program requirements and processes that can be provided to developers working in the City; a draft Affordable Housing Agreement that developers will enter into with the City; and a Resolution for City Council adoption detailing the program’s in-lieu fees. Should the City desire assistance with additional documents, the proposed scope and budget for this task can be amended accordingly.
EXHIBIT B-1 COMPENSATION
Economic & Planning Systems, Inc. (EPS) 3Z:\Shared\Projects\LA\204000s\204046_Riverside Inclusionary\Admin\Riverside Inclusionary Housing Program_EPS Scope Amendment_5.18.23.docx Bu dge tThe estimated budget to complete Tasks 1 and 2is$22,480. This includes EPS’s in-person attendance at up to five (5) public meetings. The estimated budget to complete Task 3 as described is $17,640. EPS understands that approval of the budget for this task may be contingent on the City Council’s adoption of an inclusionary housing ordinance. Table 1 details the budget for each task broken down by staff and hours. Table 1 EPS Proposed Budget Amendment Principal- Project Technical Direct Grand TotalTask / Description in-Charge Manager Analyst Costs [2] Hourly Billing Rates [1] $325 $275 $195Task 1: Updates to Feasibility Analysis8 14 4 $0 $7,230Task 2: Public Meetings20 30 0 $500 $15,250Task 3: Implementation Documents20 32 12 $0 $17,640TOTAL HOURS 48 76 16TOTAL PROJECT COSTS $40,120[1] Hourly billing rates are effective for 2023 and subject to annual revision.[2] Driect costs include travel expenses.