Vallejo Planet bids #LONG-RANGE FINANCIAL PLAN AND FISCAL SUSTAINABILITY ROADMAP

Vallejo Seeks Consulting Services for Financial Planning, Property Management, and Economic Development

This opportunity from the City of Vallejo, CA, focuses on consulting services for long-range financial planning, property management, and economic development initiatives. - Government Buyer: - City Manager's Office, Economic Development Department, and Successor Agency to the former Redevelopment Agency - Consulting Services Requested: - Development of a Long-Range Financial Plan and Fiscal Sustainability Roadmap - Includes a 10-year financial forecast, scenario analysis, risk assessment, and actionable fiscal strategies - Requires creation of a digital, adjustable financial model and staff training - Update and implementation of the Long-Range Property Management Plan (LRPMP) - Review and analysis of city-owned properties, highest and best use determination, and actionable recommendations - Optional task to identify and strategize activation of additional catalyst sites not owned by the City - Execution of the 2024 Economic Development Strategic Plan - Focus on targeted industries (Construction, Advanced Manufacturing, Software/Film, Tourism, Transportation, Wholesale Trade) - Pilot projects: revolving loan fund, pop-up ferry events, shop-local campaign, capital-facilities plan, security equipment, software license renewal and training - Partnerships with educational institutions and chambers for workforce development - Property Line Items: - Multiple city-owned properties, including parking lots, public trust lands, waterfront parcels, affordable housing units, and sites for sale or development - Each property listed with part numbers and acreage; some leased to nonprofits or businesses - Unique Requirements: - Expertise in municipal financial forecasting, scenario modeling, and economic development - Ability to deliver digital models, clear reports, and public presentations - Staff training and actionable recommendations for fiscal and property management - Environmental remediation and development objectives for certain properties - OEMs and Vendors: - No specific OEMs or commercial vendors are named; all services are for professional consulting and planning - Period of Performance: - Consulting engagements likely span several months to a year, with options for annual renewal - Economic development plan covers two cycles (2025-2027 and 2028-2030) with periodic reviews and updates - Estimated Contract Value: - Based on scope, typical consulting contracts of this nature range from $100,000 to $500,000 per engagement - Potential Competitors: - Firms specializing in municipal finance, property management, and economic development consulting (e.g., Management Partners, Urban Futures, HR&A Advisors, Economic & Planning Systems) - Competing Products/Services: - Alternative fiscal modeling software, property management consulting, and economic development strategy services

Description

The City of Vallejo is seeking proposals from qualified firms to develop a Long-Range Financial Plan and fiscal forecasting model. The project aims to provide an objective, data-informed assessment of the City's current and projected financial condition, focusing on the General Fund and other significant funds. The scope includes developing a multi-year financial forecast, identifying key cost and revenue drivers, assessing fiscal risks, and recommending strategies for budget stabilization and long-term fiscal sustainability. The final deliverable should be a practical, transparent, and usable digital financial planning tool for City staff.

View original listing