99-088c Keyser Marston - Addendum to Agreement with CityAccount # 110-7304-7014
Contract Amount $Not -to -Exceed $12,000
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ADDENDUM TO AGREEMENT BETWEEN THE CITY OF CUPERTINO AND
KEYSER MARSTON ASSOCIATES DATED DECEMBER 15, 1998
The City of Cupertino would like to expand the scope of services in the negotiation of the disposition and
development agreement for the Plaza Cupertino Project.
Those services are outlined on the attached Exhibit "A".
The costs of services should not exceed the amount of $12,000.
IN WITNESS WHEREOF, CITY and CONTRACTOR have executed this agreement the day and
year first above written.
CITY OF CUPERTINO
City Manager
ATTEST:
City Clerk
APPROVED AS TO FORM ONLY:
City Attorney
CONTRACTOR
55 Pacific Avenue Mall
San Francisco, CA 94111
(415) 398-3050
Social Security Number
or
Tax I.D. Number 94-2363741
KEYSER MA RSTON ASSOCIATES INC. Exhibit A
500 SOUTH GRAND AVENUE, SUITE 1480
LOS ANGELES, CALIFORNIA 90071
PHONE: 213/622-8095
FAX: 213/622-5204
WEB SITE: WWW.KMAINC.COM
June 27, 2000
Ms. Caro<Administrative
Dir or of Services
City of Cupertino
10300 Torre Avenue
Cupertino, CA 95014
Re: Budget Status
Dear Ms. Atwood:
ADVISORS IN:
REAL ESTATE
REDEVELOPMENT
AFFORDABLE HOUSING
ECONOMIC DEVELOPMENT
FISCAL IMPACT
INFRASTRUCTURE FINANCE
VALUATION AND
LITIGATION SUPPORT
Los Angeles
Calvin E. Hollis, II
Kathleen H. Head
James A. Rabe
San Diego
Gerald M. Trimble
Robert J. Wetmore
Paul C. Marra
SAN FRANCISCO
A. Jerry Keyser
Timothy C. Kelly
Kate Earle Funk
Denise E. Conley
Debbie M. Kern
Martha N. Packard
Enclosed is the invoice for April and May services related to the adoption of the Cupertino
Vallco Redevelopment Project. As of May 31, 2000, we were within $3,981.79 of reaching our
budget estimate.
Based upon a mid -month calculation of our time we have provided services totaling
$13,128.14 in June and have exceeded our budget estimate by $9,146.35. This does not
include time for responding to written objections. We estimate that the response to comments
could entail an additional $2,500 in services. This assumes that it will be sufficient to have
legal counsel attend the first reading of the ordinance and present the written findings to the
written objections. Therefore, in total, we anticipate exceeding our budget estimate by
approximately $12,000 through July.
Approximately two-thirds of the overrun is related to the preparation of the Supplement Report
to Council and new base year report. The cost for preparing these documents totaled
$6,603.13. These documents were not included within our original scope because we could
not have foreseen that it would have been in the Agency's interest to change base years and
therefore triggered the preparation of a Supplement. The remaining $3,000 was for services
provided to respond to scope changes proposed by the Jacobs Group.
Second Amendment Itr; pa
Ms. Carol A. Atwood
Director of Administrative Services June 26, 2000
City of Cupertino Page 2
We are requesting consideration to increase our budget by $12,000 to provide budget for
services rendered and a little cushion to respond to comments and if necessary meet once
with each of the opposing parties. If litigation ensues an additional budget increase request
will be necessary.
We appreciate your consideration and assistance in this matter. Please call if you have any
questions.
Sincerely,
KEYSER MARSTON ASSOCIATES, INC.
Paul Anderson
Second Amendment Itr; pa