REPORT TO STADIUM AUTHORITY BOARD
SUBJECT
Title
Action on Agreement with Keyser Marston Associates, Inc. for As Needed Fiscal and Economic Analysis Consulting Services
Report
BOARD PILLAR
Ensure Compliance with Measure J and Manage Levi's Stadium
BACKGROUND
On October 8, 2019, the Stadium Authority Board (Board) approved Ordinance No. 2005 amending Chapter 17.30 of the City Code (Stadium Authority Procurement Policy), which rescinded the delegation to the Executive Director to enter into agreements without prior Board approval. As of the effective date of the Ordinance, November 8, 2019, all Stadium Authority agreements for services, supplies, materials, and equipment require the approval of the Stadium Authority Board.
The Executive Director is requesting approval for the following:
* Retroactive authorization to execute an agreement with Keyser Marston Associates, Inc. (Keyser Marston) in an amount not to exceed $25,000, subject to future budget appropriations, for as needed economic and fiscal analysis consulting services related to Levi's Stadium. The proposed term of the agreement is from January 1, 2022 through March 31, 2025.
On March 15, 2022, the Board approved the Stadium Authority FY 2022/23 Operating, Debt Service and Capital Budget (Budget). The Stadium Authority FY 2022/23 General & Administrative Budget contains line items for Executive Director & Board Directives. This request totals a not to exceed amount of $25,000 and is a General & Administrative cost.
Keyser Marston has provided fiscal and economic analysis consulting services related to Levi's Stadium since 2008. The firm's prior work included assisting staff with negotiations related to the term sheet for the proposed stadium, Stadium Disposition and Development Agreement, Stadium Management Agreement, Stadium Builder Licenses, NFL Events, Naming Rights, and financing of the Stadium. The previous agreement expired on June 30, 2018. Staff on occasion requires ongoing fiscal assistance...
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