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Home My WebLink About27-Public Works File No. 14.40-80 CIT' 'F SAN BERNARDIN - RI..,4UEST FOR COUNCIL ACTION From: ROGER G. HARDGRAVE, Director Su bject: A\lttlorizdtion to Execute Agreement tor Appraisal Services -- (~erdemont Area (amm. Facilities Distr"ict), Assessment Distri ct ~(). 99~) Dept: Public .orks/Engineering Date: August 8, J 990 (:.j-,;:.,y.]t'c:p It-';ls:-n ~ ^GsrG:.) Synopsis of Previous Council action: 4-16-90 Adopted Resolution ot Intention to estaLlish the District No. 995. 6-18-90 Adopted Resolution Forming the District. 7-02-90 Adopted Resolutions Confirming Election Results and Validating Ordinance MC-735. 7-16-90 Adopted Ordinance ~:C-735 authori zing I evy of Special Til'" f","', (,"-," Recommended motion: r"j Adopt Resolution. c.. cr- cc: Shauna Edwins, City Administrator Andrew Green, Finance Director Jim Penman, City Attorney OA~ Signature Contact person: Verne Nadeau Supporting data attached: Staff Report, Agreement & Phone: Resolutioo Wara: 384-5026 5 FUNDING REQUIREMENTS: Amount: $20,000.00 Source: (Acct. No.) 251-673-53925 (Acct. DescriPtion) Verdemont Area Comm. Facilities Dist Finance: (JJ..,.j f),.-- Council Notes: 75-0262 Am:mrl~ Itpm Nn ~7 CITY )F SAN BERNARDIN{ - RE\o..4JEST FOR COUNCIL ACTION STAFF REPORT To properly assure the sale of bonds District, Assessment Distrirt ~o. property involved appraised. This is ty~e of District. for the Verdemont Area Community Facilities 995, it is necessary to have all of the a normal course in the proceedings for this Not having had any experience in the special requirements involved with this type of property appraisal/Appraisers, we relied upon Prudential-Bache who is the established Underwriter for this District to select the necessary Appraiser. Mr. John McAllister from that firm interviewed two appraisal companies and made his selection based upon prior aCcivity of the Appraisal Firm and the professional ability which they have and the ethics with which they operate. Mr. Charles R. Wilson is a MAl Appraiser and has extensive experience in the appraisal field. Attached is a list of qualification and experience for tj.is firm and we therefore recommend thdt the Agreement be executed. 8-08-90 75.0264 '~~..;,-.. ,~1t'"""'r-'":?.. -:-~N;:~' . 1. ,':':>: ~", ~ _ - ~ ...... ..)r~,,_,..lI< "1 ," ','" , . -j -. -~ ;:<:..;...~1~ ',,"", ,~-._:t..'N "j. ,...~~~..{~~...:,,:..,.,- . - -.....,~'<,;"~ - ,-l"/IO-_ .. 'i~~'.:"..'Y'~-~ r - .>-~~ "~v' ""'eO:' .. ~.':~ ; ~" . e.. ~:,,,..:, ,~~",~"' ~-i-' ;-..;;i;;::;.,";".,' L._ - -- ~,,". ''''- . .. ..~ ""~~ ~ ~. .- -'.. ,. ,:i,,- ~ ,~ '" AUENOED BOUNOARY WAP OF COMWUNrTY f AClUnES Of STRICT NO. 995 CITY OF SAN BERNARDINO IN THE COUNTY OF SAN BERNARDINO, STATE OF CALIFORNIA ALLD AT REQUEST OF CTY a..EIIl 'MI ...... ...... .. .....,.., ...... tI1 CXMII..NYY 'ACIJ1IES DII1JICT NO. ... a1Y ", UN ~. WlI IN ltC OCIUNTY ", SNil ~ - IT.. " ~ ..... M:c::ame AT ...___or...... at ....--.IT AND cxaIII.KTY 'AmJ'I'ID---...cT AT "..~ II 1M( omc( (6 "* ccurrr ~ Pat ~ " UN.., ~ IT.... a1 ~ I ....-r CD'W'Y 'lHAT lM[ .,.. .....,. ..,.. H MCNDID --""WI 01 1M[ CCMiIN1"t' 'MlI.J1ID tIIS-.rT NO. .. tI1 OfT ltC CJ1Y t11 SAM IDNNIIJIIQ, STA. " ~ .. ........,. .... 1HI a1Y COONCI.. AT " NUI.l..M ...... ...... HIIJ) aN .. OilY (1f ,'''' rf ns ~ NO. art lU* 01Y t11 SIlN 1IJIII' PARCEL 'ffiACT DE\nClP()l NO. NO. ,- CQllC:QI)IA HCICI 2 ,.... 1iIIClMIG~,1IC. 3 14aO . ,..., M(MIO~. lie. . ,,... looClJl.!N< DM1.lPIolJtJ . '3>07 looClJl.!N< DM1.lPIolJtJ . _ IDJS1IOD 7 127M . 13"172 - 0QJS11ID dJ/rL 't-:-. =:'"..1--~- ~ ~~ ~ , ~ ~ ^. ,~ .!-! ~ ~p~ '/~~ ~ ""''''-. vualificatilJlls Of Charles R. Wilson. MAl 595 East Colorado Boulevard, Suite 518 Pasadena, California 91101-2039 Education Bachelor of Science Degree (Business Administration) California State University, Chico, 1968. American Institute of Real Estate Appraisers' Courses: Basic Principles of R.E. Appraisal Advanced Real Estate Appraisal Investment Analysis Professional Standards Published Articles: "Syndicated Apartment Houses--Good or Bad Investment", in the Oran~e Countv Aoartment House News. "The Appraisal of a Self-Storage Facility", The Aooraisal Journal published by the American Institute of Real Estate Appraisal, Chicago, Illinois (7/87). "Getting The Most Out of an Appraisal", Mini-Stora~e Messen~er, a MiniCo Inc. Publication, Phoenix, Arizona (2/89). "The Analysis of Rental Comparables" , The Aooraisal Institute Quarterlv Bvte. Third Quarter, 1989 SDeakini! EnQ'aQ'ements: American Institute of Real Estate Appraisers': Topic: "Recent Trends in The Housing Market" Topic: "The Appraisal of Office Buildings" Topic: "Time Share & Telecommunications" Topic: "Appraisal of Mini-Warehouses", Society of Real Estate Appraisers: Topic: "The Current Mini-Warehouse Market" Northwest Center for Professional Education, Washington, D.C.: Topic: "How To Analyze and Invest In Mini-Storage" National Court Clubs Association Seminar Topic: "The Appraisal of Racquetball Clubs" The Association of Governmental Appraisers Topic: "The Appraisal of Mini-Warehouse Complexes" 39th Annual Southwest Regional Conference/ AIREA Topic: "Feasibility and Analysis of Mini-Warehouse Facilities" Affiliations & Associations American Institute of Real Estate Appraisers (Cert. No. 6889) Director, Chapter No.5 1986-88; Advisor to the Board of Directors, Chapter No.5 1989 Member of Valuation Network Inc. and the American Right-of-Way Association Qualified as an expert witness in the SuperiOl Court, County of Los Angeles, State of California. Approved Class IV Appraiser by California Savings & Loan Commissioner; qualified FNMA as a Level III Appraiser approved to appraise all types of property. After graduation from college, Mr. Wilson worked (8 years) with Real Estate Research Corporation, a subsidiary of the First National Bank of Chicago, obtaining the position of senior real estate appraiser and Director of Appraisals for the Los Angeles office. Mr. Wilson has been a full-time appraiser since 1968. He has valued all types of properties nationwide and has been officed in the Los Angeles Metropolitan area since 1971. Charles R. Wilson & Associates, Inc., was formed in 1976 and has since conducted real estate appraisals throughout the United States for a variety of property types and uses. In addition to his appraisal experience, he has conducted Market & Financial Feasibility Studies for a wide spectrum of proposed land uses. He has conducted asset portfolio reviews of major Real Estate Investment Trusts for purposes of land classification, asset evaluation, and workout recommendations. He has completed both acquisition and re-use appraisals for various redevelopment agencies. Additionally, he has prepared appraisals on hundreds of miles of railroad right-of-way for the establishment of Conrail in the Eastern United States. PARTIAL LIST OF CLIENTS SERVED By CHARLES R. WILSON & ASSOCIATES. INC. -A. Morgan Maree & Associates -Best Fashions of Cali fomia. Inc. -Carson Estate Company -CJ Bonner Corporation -Century Federal S&L -Del Taco, Inc. -Financial Federation, Inc. -First Interstate Mortgage Co. --Fox & Carskadon, Financial Corp. ~eneral Services Administration -Inglewood Redevelopment Agency -Heartland Savings & Loan ~uaranty Bank of Denver -Instorage Company -Matson Development -Latham & Watkins Law Firm -1st Nationwide Bank -Jones, Bell & Simpson -Mini-Space. Inc. -Occidental Land, Inc. -Joe Perry, Developer -Provident Savings & Loan -Public Storage Inc. -Debenbam Tewson & Chinnocks -San-Val Development Co. -Charles H. Shaw Co. -Taco Bell Corporation -Union Bank -Christopher Weil & Co. -Steven Chandler, Developer -Pacific Investments -Security Pacific Nat'l -Wells Fargo Bank -Washington Federal Savings & Loan PARTIAL LIST OF PROPERTY TYPES APPRAISED -Apartments & Condominiums - EasementslRights-of- Way -HotelslMotelslRestaurants -Industrial Plants -Industrial Condominiums -Leasehold Interest -Marinas/Golf Courses -Medical Office Buildings -Business Parks/Office Buildings -Shopping Centers -Service Stations - TennislRacquetball Clubs -Mini-Warehouses -- -~ :-.-_' I I I I I. ,-, I~CCCI VAlUATION NElWORK Valualion Network, Inc. 306 Fifth Avenue New York, NY 10001 Telephone: 212-971-0070 Tol/ Free: 800-345-12n In Louisiana call collect 1-504-833-2020 Valualion Network, Ltd. 15 Delisle Avenue Toronto, Canada M4V 188 Telephone: 416.922-3999 Pasadena, California Charles Ray Wilson, MAl, is a real estate appraiser, counselor and specialist in investment property. He is the VNI Representative in the Los Angeles area of Southem California. He is president of Charles R. Wilson & Associates. Inc. and is responsible for all services performed through his company. Mr. Wilson's real estate appraisal experience spans over two decades. Valuation Network, Inc. (VNI) is a consortium of independent professional analysts and appraisal-consulting firms able to complete individual or mu~iple property assignments throughout the United States and Canada. Charles R. Wilson & Associates, Inc. was founded by Charles Ray Wilson in 1976 and incor- porated in 1979. The firm has served clients that include: national corporations, financial institutions, major law firms, private investors, individuals and govemmental agencies. Appraisal assignments have included shopping centers, industrial manufacturing and warehousing facilities, office buildings, apart- ment complexes as well as special purpose proper- ties. Mr. Wilson's experience includes assignments in- volving port1olio revaluation of Real Estate Invest- mentTnusts for purposes of land classification, asset evaluation, and workout recommendations, in addi- tion to the appraisal of rights-of-way for the estab- lishment of ConRail. Representative clients served by the firm include First Interstate Mortgage Co., General Service Ad- ministration, Guaranty Bank of Denver, Del Taco Inc., Washington Federal Savings, the U.S. Postal Service, Debenham Tewson & Chinnocks, Assoc., Public Storage Inc., Instorage Co., Wells Fargo Bank, Heartland Federal Savings. Security Pacific National Bank, Lathan & Watkins Law Firm, and Financial Federation Inc. Mr. Wilson has specialized in the valuation analysis of Self-Storage facilities. He has been published in several trade journals. He has given numerous speeches on the subject, some of which were en- titled, "Appraisal of Mini-Warehouses, The Current Mini-Warehouse Market," and "How To Analyze & Invest in Mini-Storage." He is an active member of the American Institute of Real Estate Appraisers, currently serving on the Board of Directors of Southem Calitomia Chapter Five, as well as the national committees. He is Qual- ified as an expert witness in the Superior Court of Los Angeles, Califomia and approved as a Class IV Ap- praiser by the California Savings & Loan Commis- sioner. Over the years, the firm has conducted valuation assignments in most of the 48 continental United States. CHARLES R. WILSON & ASSOCIATES, INC. 595 East Colorado Boulevard Suite 518 Pasadena, California 91101 (818) 792-2107 1 RESOLUTION NO. 2 RESOLUTION OF THE CITY OF SAN BERNARDINO AUTHORIZING THE EXECUTION OF AN AGREEMENT WITH CHARLES R. WILSON & ASSOCIATES, INC. FOR PROPERTY APPRAISAL 3 SERVICES FOR THE VERDEMONT AREA COMMUNITY FACILITIES DISTRICT, ASSESSMENT DISTRICT NO. 995. 4 BE IT RESOLVED BY THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN 5 BERNARDINO AS FOLLOWS: 6 7 8 9 10 11 12 13 SECTION 1. The Mayor is hereby authorized and directed to execute on behalf of said City an Agreement for property Appraisal Services with Charles R. Wilson & Associates, Inc. for the Verdemont Area Community Facilities District, Assessment District No. 995, a copy of which is attached hereto marked Exhibit "A," and in corporated herein by reference as fully as though set forth at length. SECTION 2. This resolution is rescinded if the parties to the 14 Agreement for Appraisal Services fail to execute it within sixty (60) days of 15 the passage of this resolution. 16 I I I 17 III 18 I I I 19 I I I 20 I I I 21 I I I 22 III 23 III 24 III 25 III 26 I I I 27 28 8-08-90 23 24 25 26 27 RESOLUTION AUTH. EXEC. OF AGMT. AD 995 1 I HEREBY CERTIFY that the foregoing resolution was duly adopted by the 2 Mayor and Common Council of the City of San Bernardino at a 3 meeting thereof, held on the day of , 1990, by the 4 following vote, to wit: 5 Council Members: AYES NAYS ABSTAIN 6 ESTRADA 7 REILLY 8 FLORES 9 MAUDSLEY 10 MINOR 11 POPE-LUDLAM 12 MILLER 13 14 15 16 17 18 19 20 21 City Clerk The foregoing resolution is hereby approved this day of . 1990. ~.R. Holcomb, Mayor City of San Bernardino Approved as to form and legal content: JAMES F. PENMAN, 22 City Attorney 28 08-08-90 2 CHARLES R. WILSON & ASSOCIATES, INC. Real Estate Appraiser and ConsuLtants 595 EAST COLORADO BOULEVARD, SUITE 518 PASADENA, CALIFORNIA 91101 Charles Ray Wilson, MAl Mark B. Stephens, Appraiser (818) 792.2107 Telecopier (818) 792-4180 August 3, 1990 Mr. Roger E. Hardgrave Director of Public Works CITY OF SAN BERNARDINO 300 North 'D'Street San Bernardino, California 92418 Dear Mr. Hardgrave: It was a pleasure making your acquaintance by telephone and per your request, the following agreement has been produced to outline the nature of the work to be performed. PARTIES: CITY OF SAN BERNARDINO, ("EMPLOYER"), having a place of business at 300 'D' Street, San Bernardino, California 92418, and CHARLES R. WILSON and ASSOCIATES. INC., having a place of business at 595 East Colorado Boulevard, Suite 518, Pasadena, California 91101-2039. ("APPRAISER") IDENTIFICATION OF PROPERTY: The appraisal assignment will include the following seven (7) properties in the Verdemont Area Mello-Roos District described as follows: Parcel Number 1 2 3 4 5 6 7 Tract Number Developer "- 14404 ......................... Concordia Homes ;: 14193 ......................... Monnig Development, Inc. C I 14250 & 14261 .................. Monnig Development, Inc. co 13530 ......................... McClellan Development 13307 ......................... McClellan Development . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Brimar Industries 12756 & 13172 .................. Brimar Industries o PURPOSE OF THE APPRAISAL: The purpose of the assignment will be for Mello-Roos Bond financing. Any other use of this appraisal would be invalid. Member or Valuation Network Inc. . Offices in Major Cities throughout the United States .... .. .:-...__ A STANDARDS OF PERFORMANCE: APPRAISER agrees to exercise independent judgement and to complete the appraisal assignment in conformity with the requirements of the Code of Ethics and Standards of Professional Practice of the American Institute of Real Estate Appraisers, of which Charles R. Wilson holds the MAl designation, however, no warranties, guarantees or assurances of any kind are expressed or implied and APPRAISERS assume no liability in connection with this appraisal. APPRAISERS agree to take no other employment inconsistent with this assignment. The data gathered in the appraisal process (except data furnished by EMPLOYER) and the appraisal report prepared pursuant to this agreement will remain the property of APPRAISERS. No one other than the EMPLOYER may rely upon or utilize the appraisal report without APPRAISER'S expressed written consent. EMPLOYER agrees that the appraisal report to be prepared pursuant to this agreement shall be privileged and shall not be quoted or referred to in any report or financial statement of EMPLOYER or in any documents filed with a governmental agency without the prior written consent of the APPRAISER. COMPLETION DATE: The following interns are needed in order to complete this assignment: 1) A title report for each of the seven development sites; 2) Purchase agreements/escrow instructions for each of the development sites; 3) A copy of the soils report for each of the seven sites; 4) Tentative or final tract maps for each of the seven sites; 5) Itemized site construction costs from each of the developers including costs for site development and infrastructure, as well as the estimated construction time necessary to bring the sites to a finished lot condition; 6) A summary of the proposed single family developments to be constructed on each site including estimated sellout periods, home sizes, and proforma pricing; 7) A copy of any covenants, conditions and restrictions (if applicable), which encumber the sites; and, 8) A copy of the Department of Real Estate Public Report (white or pink). CHARLES R. WILSON & ASSOCIATES, INC. PASADENA, CALIFORNIA "'.. UI /".l" " r- COMPLETION DATE (continued) The individual developers have most of this information. In order to expedite the appraisal process, I would appreciate your assistance in obtaining this information from the individual developers. Based on the timely receipt of this information, an appraisal completion date of SeDtember 17. 1990 is anticipated. COPIES OF REPORT: APPRAISER agrees to provide EMPLOYER with ten (10) copies of the appraisal report, together with together with artwork (maps), photographs and illustrations. FEES & EXPENSES: EMPLOYER agrees to pay APPRAISER, as compensation for his professional services, a maximum fee of $20,000, payable upon delivery of the reports. Please return the original of this contract and keep the copy for your records. This amount includes reimbursement for all out of pocket expenses. Should, for any reason, the employer wish to terminate the assignment, the employer will be billed for time and expenses incurred. Should the date of value be changed for any reason whatsoever, resulting in the need for updating the valuation expressed, EMPLOYER agrees to compensate for the work involved based upon his hourly rate in effect at that time. DELlNOUENCY CHARGE: If any payment due under this agreement is not paid when due, such payment shall bear interest at the rate if 18 % per annum. In the event of non-payment, EMPLOYER shall pay all expenses of collection, including but not limited to, reasonable court costs and attorney's fees. EMPLOYER agrees that the venue of any legal action shall be Pasadena, California, and that this agreement shall be governed by the laws of the State of California. TESTIMONY OR COURT ATTENDANCE: The above fee does not include testimony or attendance at any court or administrative proceeding or hearing. In event EMPLOYER or his agent or attorney, or the court requests such judicial or administrative hearing attendance, EMPLOYER agrees to compensate APPRAISERS for services in connection with time spent in updating the appraisal or for any other reason, preparing for such hearing or trial, judicial or administrative hearing appearances, related travel time to and from APPRAISER'S office to the place of such conference or hearing and time spent waiting to testify at APPRAISER'S hourly rate in effect at that time. CHARLES R. WILSON & ASSOCIATES, INC. PASADENA, CALIFORNIA ~)(-/.I I >? ) I A '_ _ DISCLOSURE: Neither all nor any part of the contents of the appraisal report, the identity of the appraiser (s), reference to the American Institute of Real Estate Appraisers, or the MAl designation shall be disseminated to the public through advertising or sales media, or other public means of communication. Employer: CITY OF SAN BERNARDINO Authorized By: Mayor Date: Attest: Appraiser: (1~ kJt:LL{ U]/j~ Charles Ray Wilson, Md.I CHARLES R. WILSON & ASSOCIATES, INC. City Clerk Approved as to form and legal content: James F. Penman City Attorney CHARLES R. WILSON & ASSOCIATES, INC. PASADENA. CALIFORNIA 1:.vflll-::'l~ ^ _.n