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HomeMy WebLinkAbout1987-03-09 87-108 ORDER87-108 Introduced by Councilor Tilley. March 9, 1967 CITY OF BANGOR (TITLE.) (Orba, Avthn i ing City Manager to Enter into Contract with Economics .Research Ak fi rgd.L...WA42IXOrkfl. SevenStudy _... _. ......... ...._ By Cats C ndlofThe Cft of Danger: ORDERED, TEAT the City Manager be and hereby is authorized to enter into a Contract with EconOmica Research Associates of Cambridge, Massachusetts for a study to determine the feasibility and projected costs for the reuse of the Waterworks facilities as an aquarium, a copy of said Contract being on file In the City Clerk's Office, subject to the approval of the Contract by the State Planning Office. STATEMENT OF PACT This project is part of a $26.000. Coastal Zone Management Project which has been previously funded. This Contract provides for the study of reuse of the facilities, with a cost of said study not to exceed $19,000. Twenty percent of the total project coat has been funded locally. W-108 yeo�e�.. ij ORDER e } 0.E�F\BPNE,00. - Title, gp�`0.y Iy,EPM Authorizing City menages to enter into ...................................... Contract With Economic Research Asaociatee Waterworks reuse studd. ............ Introdduuc/ccened and filed by .... a..!!.'. .... Rdwcilman In City Council March 9,1987 Passed 4C tl* Vnrvenlppuse . Economics Research Associates ma Man able seen. sum ae u.4eu sn2wn xaieeu� wm.nnPor oc.nuw Gmtlnpa MeevAUWu021.19 (617) an awe February 23, 1987 Mr. John T. Frawley City Engineer City Hall 73 Harlow Street Bangor, Maine 04401 ERA Proposal Number 23879 Dear Mr. Frawley: Itsa pleasure speaking with you regarding the proposed development of the Bangor Waterworks Building. As requested, v r¢ubmitting a more detailed scope of services for review by the Aquarium Committee. This proposed scope of services would be carried out in Conjunction with Cambridge Seven Associates of Cambridge, Massachusetts. Information on both our Firms has been included for your review. SCOPE OF SERVICES Task 1. Data Assembly and Initial Meeting Economics Research Associates will review any previously assembled data and findings, and meet with the Aquarium Committee to determine priorities and goals. Task 2. Attendance Projections and Characteristics We will project attendance at the proposed facility and evaluate the following: o Annual volume of visitors; o Distribution of visitation by season and month; o Distribution of visitation by adult and child and group size, including school groups, as appropriate; o Distribution by resident versus tourist. Mr. John T. Frawley February 23, 1987 Page Two Task 3. Characteristics of Comparable Facilities Attractions of the type generally comparable with the proposed project will be identified aM evaluated, The analysis of other attraction facilities will include: o Total visitation; o Distribution of resident versus tourist marketors and visitor origins within the resident market, as available; o Attraction/exhibit content, c Admission charge; o Revenues and costs, o Facility sizing parameters. Task 4. Pupates Development o Confer with the Aquarium Committee and others to identify the desired program priorities and goals; I Visit related visitor facilities to become familiar with these existing institutions; o Developa exhibit concept consistent with the Aquarium Committee goals; o Develop a recomended program of space needs for the aquarium including public areas, exhibits, back-up service requirements, administrative, service and maintenance spaces; o Coordinate the final proposed program of space needs, with the visitation and facility sizing analysis performed in Task 2. E Mr. John T. Frawley February 23, 1987 Page Three Task 5. Financial and Operations Analysis EEA will develop a preliminary pro forma financial analysis for the proposed facility within the coarser of the development program discussed above. TIMING AND BUWBT The above scope of services could be completed within eight to ten weeks of authorization to a proceed. At the conclusloo of the study, a concise technical memorandum, summarizing our findings will be prepared. we have assumed one person -trip to Bangor to meet with the Aquarium Committee, and to become acquainted with the city and its institutional and recreational offerings. We additional person -trips would be required o present the draft and final reports. Tasks 1 through 5 could be completed for a professional fee of $19,000. Direct costs, such as travel, production and computer time, would be included in the $19,000. The following billing schedule is proposed: After completion of Task I... -- .... ... — $ 4,750 Four weeks from Authorization to Proceed.... $ 4,750 After presentation of the Draft Report...... $ 4,750 After presentation of the Final Report...... A 4,750 TOTAL ........................................ $19.000 Acceptance anal authorization to proceed may be indicated by signing one copy of this proposal and returning it with a check for the deposit to the Cambridge office of Economics Research Associates. Other contractual requirements are covered in the attached EEA Standard Proposal Addendum and are hereby incorporated by reference into this agreement. Mr. Jobn Frawley February 23, 1987 Page Four We look forward to meeting with the Aquarium Committee to discuss further the proposed aquarium. I£ we can be of assistance or answer any questions, please contact us. Very truly yours, Susan A. Popple "Societe 9 ThomaaJ. cin/ M— Senior Vice President ACCEPTED BY TJM/gmb 23879.1 ECONOMICS RESEARCH ASSOCIATES STANDARD PROPOSAL ADDENDUM It B understood by the client that Economics Research Associates (ERA) can make no guarantees conception the recommendations which will result from the proposed assign mem, since these recommendations must be based upon facts discovered by ERA during the course of the study and those conditions existing as of the date of the repot To protect you and other clients, and to assure that the research results of ERA's work will continue to be accepted as objective and impartist by the business community, it is understood that OUT fee for the undertaking of this project is Or no way dependent upon the specific conclu- sions reached or the nature of the advice given by us in out report to you. . It is agreed by the client that the report is not to be used in conjunction with any public or private offering of debt or Nutty securities without our prior written consent. It is further agreed that The client will indemnify ERA against any losses, claims, damages and liabilities under federal and state accurihes laws which may arise as a result of statements or omissions in public or private offerings of securities. It is agreed by the darn[ that payment for the services of ERA is due upon receipt of the tricks; that full payment is due upon receipt of the completed report; and that ERA las the tight to withhold delivery of the final report pending receipt of any overdue payments. In the event any invoice is not paid within 30 days after rendering of the invoice it shall commerce, bearing interest on the date the invoice was rendered at 0e rate of IS percent per annum (or such leaser rale as may be The maximum interestpermissible under applicable law) and the client agrees to pay all accrued interest, together with the charges for services s rendered as provided for in this agreement In addition, should an unpaid invoice be refined to our attorneys for collection, the client agrees to pay their reasonable fee for such work, as well as any costs of suit which may be incurred. It Is further agreed by the client that the report will be presented to third parties to its entirety and that no abstracting of the report will be made without first obtaining the permeation of ERA. It is understood by ERA that the findings of this report are the proprietary property of the client and they will not be made available to any other organization or individual without the comment of the client. This proposal will remain in force for a period of 60 days from the date shown hereon.