As-Needed Economic Consultant Services RFSQ

The Los Angeles County Department of Beaches and Harbors is seeking qualified and experienced economic consultant(s) to enter into Master Agreements with Los Angeles County to assist the Department’s staff, on an as-needed basis, in managing real property assets in Marina del Rey and on County-owned or operated beaches. The consulting work requires the consultant(s) to analyze, evaluate and present financial and economic data; to assist in structuring lease extension fees, rent credits, option payments and other financial aspects of new and restructured ground leases; to participate in lease negotiations; to present expert testimony; to support County staff in presentations to lessees, governing bodies, advisory commissions and planning boards; and to provide professional services and staff support for the Department’s planning, construction, asset management, development and redevelopment activities. • Provide economic consulting services in connection with lease renegotiations and lease extensions; • Provide economic consulting services regarding the County's long and short-term asset management strategies; • Analyze current market value of leaseholds in support of determination of appropriate extension fees; • Project gross lease revenues and County rents from leaseholds on which lease extension terms are proposed; • Evaluate County rent rates in the context of operating data, rates on comparable properties at other public and private marinas and other pertinent information regarding economic trends and environment; • Structure lease extension and option fee payments, rental credits and revenue increases for lease extensions and financing purposes; • Review formal appraisal documents for economic integrity; • Assist staff in reviewing loan approval requests; • Assist staff and County Counsel in documenting the financial terms of lease extension agreements; • Review plans for proposed redevelopment of existing leaseholds for market feasibility, development and conformance requirements and to plans, area-wide governmental Coastal Commission requirements and overall County objectives; • Testify as an expert witness on economic issues at arbitration or other judicial proceedings; • Analyze miscellaneous data relating to financial relationships with lessees; • Analyze the impact of lessee indebtedness and ownership structures on County's ground rent and financial security and interests; • Assist staff in negotiations with lessees on lease extensions and rental negotiations; • Project County revenue stream based on current and projected leasehold and concession agreements; • Analyze the effects of leasehold terminations, expirations and extensions; • Assist in the formulation of plans for long and short-term asset management strategies including alternative operational and leasing strategies; • Analyze competing public and private projects and their effect on current leasehold income and strategies; • Assist staff in presentations of economic data to lessees, community groups, County Commissions and advisory bodies and the Board of Supervisors; • Render such additional advice and services as the Department may require in connection with its asset management functions with respect to Marina del Rey, County-operated beaches or proposed property acquisitions; • Upon reasonable notice, appear at such times and places as the County may require to provide consulting services.