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Public Development Planning and Strategic Implementation <br /> Many jurisdictions are looking for opportunities to promote private development through direct <br /> public investment in targeted areas. Springsted helps these clients prioritize and manage their <br /> development objectives and determine how best to implement those goals through public <br /> development and redevelopment activities. <br /> Private Development Review and Analysis(But For) <br /> We analyze private development proposals,project budgets,operating pro formas and other <br /> information to verify the need and appropriate level of public financial participation. Using this <br /> analysis,we also help clients choose the best incentive tools for the project. <br /> Developer Review and Negotiations <br /> We assist clients in learning more about prospective developers by performing in-depth business credit <br /> analyses, evaluating market conditions,assessing proposed business plans and checking credentials and <br /> references. We also assist clients in negotiating public assistance agreements with developers. <br /> Development Process Management <br /> Springsted helps clients manage the implementation of complex and/or multi-phase housing and <br /> economic development projects, providing advice on how to avoid cash flow problems and reduce risk. <br /> Special Development Studies <br /> Clients sometimes face issues that are unique to a specific housing or economic development <br /> project. In such cases,we are available to evaluate the situation, establish work plans and make <br /> recommendations to assist our clients. <br /> Preliminary Project Feasibility Analysis <br /> We assist clients in understanding the preliminary economic feasibility of distinct development <br /> alternatives and identifying the merits of pursuing further the costs of professional due diligence <br /> Many of our clients are faced with developers returning for increased financial assistance or relief <br /> from contractual obligations. Springsted provides project audit services that can verify if the <br /> requested relief is needed.Our clients also use this service to verify public purpose performance <br /> Cost Benefit Analysis <br /> Springsted helps our clients calculate the costs and benefits to each taxing entity of various development <br /> proposals. Our models calculate those revenues and costs(including incentives)in order to help our <br /> clients better understand the pay-back period and annualized rate of return on each investment. <br /> Economic Impact Analysis <br /> Springsted assists clients with measuring the economic impact of individual development proposals. <br /> The basis of the economic impact study is to estimate the direct, indirect and induced impacts of <br /> proposed projects with estimated sales and property tax revenues,job creation and average annual <br /> wages of each job created. The results of the studies are used to project the benefits at both local <br /> and State levels. <br /> I <br /> Springsted Washington County,Minnesota. Proposal to Prepare an Economic Development Assessment for Washington County,Minnesota 5� <br />