MEETING DATE:
October 28, 2025
SUBJECT:
Title
RESOLUTION NO. 2025-9506 - MULTI-YEAR CONTRACT WITH KEYSER MARSTON ASSOCIATES, INC. TO PERFORM AS-NEEDED AFFORDABLE HOUSING FINANCIAL SERVICES
Body
Recommendation
Recommendation
ADOPT a resolution authorizing the award of a multi-year consultant services contract and delegating authority to the City Manager to finalize and execute a contract with Keyser Marston Associates, Inc. to perform as-needed affordable housing financial analysis and related consulting services.
Body
Board or Commission Action
Not applicable
Executive Summary
To effectively meet high quality affordable housing financial analysis requirements, the City uses consulting services to support staff as-needed. A Request for Proposal (RFP) for Affordable Housing Financial Analysis & Related Consulting Services was initiated in August 2025 and consultant selection concluded in September 2025. Staff requests that the City Council consider approval of the award of a consultant services contract with Keyser Marston Associates, Inc. (KMA) for affordable housing financial analysis and related services, and to authorize the City Manager to execute the contract for a term of three (3) years, with two (2) one-year options to renew.
Discussion
The City engages an affordable housing financial analysis consultant to provide as-needed services to staff, including but not limited to, pro forma reviews, preparation of Section 33433 reports, and compliance monitoring. The specialized expertise and experience of consultants in this field are essential for addressing evolving requirements and ensuring alignment with industry standards. On August 1, 2025, the City publicly solicited proposals for affordable housing financial analysis and related services. On September 4, 2025, the City received three (3) responsive proposals as follows:
1. ECOnorthwest
2. KMA
3. LeSar Development Consultants
Staff reviewed and evaluated the responsive proposals...
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