07-05-2022 CC RPT 15 - Laserfiche WebLink

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RFP No. 2173PSA for UCR Campus Economic and Fiscal Impact Analysis3 previous experience working on various aspects of the economic interplay between universities and their host cities, representing university jurisdictionssuch as Berkeley, Santa Barbara County, and Palo Alto, as well as universities such as UC San Francisco, UC Davis, UC Merced, Stanford University, and the UC Office of the President (UCOP). EPS is also currently working with the City of Riverside on preliminary analysis and outreach related to a proposed inclusionary housing ordinance. The analysis proposed by EPS will be broad and complex, but will generally cover these topic areas: 1. The economic impact of UCR on Riverside, including direct, indirect, and induced impacts. The local economic impact of a university derives from local spending, including ongoing campus operations and one-time capital investments. 2. The fiscal impact analysis will quantify the effects of UC current and potential future operations on the City General Fund budget, as well as other operating funds. 3. neighborhood conditions. As home prices escalate throughout Riverside County, concerns are mounting over access to housing. Cities such as Riverside are caught in the middle of competing forces - the reality of substantial unmet housing demand and the desire to maintain the existing neighborhood character. EPS will evaluate the relative scale of housing demand, market segmentation, and implications for housing affordability attributable to UCR. This process will contain a public outreach component, and occasional updates to the City Council. The Purchasing Manager concurs that the recommendation is compliant with Purchasing Resolution 23812. STRATEGIC PLAN ALIGNMENT: This item contributes to Strategic Priority 5 - High Performing Government and Goal 5.4 to maintain fiscal health by addressing gaps between revenues and expenditures. This aligns with each of the five Cross-Cutting Threads as follows: 1. Community Trust Developing service equity with UCR will serve the public interest by potentially freeing additional funding elsewhere in the municipal budget that can be used in expanding programs and completing projects with external funding; benefiting diverse populations, and result in greater public good. 2. Equity Outside funding can be used to allow more City departments to be creative and competitive for grants, resulting in a more equitable distribution of funding opportunity that can reach populations citywide. 3. Fiscal Responsibility The City ensures to maximize outcomes in usage of Campus offset funds as a way to lessen pressure on the General fund.