Additional Work regarding Downtown STAR Bond District an DEVELOPMENT STRATEGIES°
guiding effective decisions in
% -c real estate. community, and economic development
September 6,2018
Mr. Mike Stage
Interim City Manager
300 West Ash,Room 212
P.O. Box 736
Salina,Kansas 67402-0736
Re: Additional Work Regarding the Downtown STAR Bond Project
Dear Mr.Schrage:
The purpose of this letter is to summarize what will be required to assist the City of Salina in updating the
base sales tax information for the Downtown STAR Bond District. This effort is in addition to the
contracted feasibility study,which is also being updated. An update to the base sales tax collections for the
district will allow the City to evaluate how well the district is performing,as the prior base was established in
early 2016.
It is our understanding that the City is working to obtain sales tax data from the Kansas Department of
Revenue and will make an effort to refine it before providing it to Development Strategies. Development
Strategies will further analyze the data to reasonably ensure that revenues specific to the district arc captured
by analyzing the database and using GIS analysis. Once the datais satisfactorily refined,a memorandum
summarizing our findings will be provided.
The cost to complete this effort will depend on how long it takes to refine the data from the state. For this
reason,we will bill based on time spent at our standard billable hourly rates. A good faith estimate is
summarized below:
DS Billable Rates: Salina STAR Bond Sales Tax Review __
Hrly.Rate Low Estimate High Estimate
Larry Marks $200 1 $200 2 $400
Andy Pfister $130 4 $520 8 $1,040
Nathan Coursey $85 24 $2,040 40 $3,400
Nate Silverstein $80 16 $1280 24 $1,920
Total $4,040 $6,760
We also understand that time is of the essence once the data is obtained and will work as quickly as possible
to complete this work. Please let us know if you have any questions and thank you for the opportunity to
further assist your efforts.
Respectfully submitted AIA
� v'
behalf of Development Strategies,
JI
.. ' lr/t�vvd
Larry\ k MCP,AIA Andy Pfistcr,.�l' CP
Principal Senior Associate
10 South Broadway,Suite 1500• St.Louis, MO 63107 •p 314.471.7800 I www.DEVELOPMENT-STRATEGIES.cOM
I
RE:Salina STAR Bond Sales Tax Study Acceptance
Page 2 of 2
I hereby accept the terms of this proposal:
"^ti Or--
Signa/urr
Name Minted Namr
4 �naois
Date
1