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HomeMy WebLinkAbout14-Development Services ORIGINAL CITY OF SAN BERNARDINO - REQUEST FOR COUNCIL ACTION Date: February 21, 2006 Subject: Authorization to Proceed - Sale of City Water Department property - portion of property located southwesterly of Kendall Drive and Cajon Boulevard, and Resolution setting fair market value and a public hearing. From: JAMES FUNK, Director Dept: Development Services File No. 15.05-247 Synopsis of Previous Council Action: MCC Date: March 20. 2006 None Recommended Motion: 1. That the Director of Development Services be authorized to proceed with the sale of City Water Department property located southwesterly of Kendall Drive and Cajon Boulevard. AND u 2. Adopt Resolution. James Funk Contact person: Jeanne'marie Fitzpatrick Supporting data attached: StaffReportlMaps/Res. Phone: 5328 Ward: 6 FUNDING REQUIREMENTS: Amount: None Source: (Acet. No.) N/A (Aeet. Description) N/A Finance: Council Notes: ;),oOh - 1_~ Agenda Item No. I~ 3/~OI1X4 CITY OF SAN BERNARDINO - REQUEST FOR COUNCIL ACTION Staff Report SUBJECT: Authorization to Proceed - Sale of City Water Department property - portion of property located southwesterly of Kendall Drive and Cajon Boulevard, and Resolution setting fair market value and a public hearing. BACKGROUND: In 1972, the City of San Bernardino Water Department acquired a parcel located southwesterly of Kendall Drive and Cajon Boulevard, along with other property holdings as part of the assumption of the San Bernardino Water Utilities Corporation. The department has a water storage reservoir and well on this property. The property is also adjacent to the Burlington Northern Santa Fe Railway Company (BNSF) right-of-way. BNSF is in the process of adding a third rail line through the Cajon Pass to improve its rail service throughout southern California. In 2005, BNSF approached the Water Department regarding a long narrow portion of this parcel with the initial intent of acquiring this property through eminent domain. As a quasi-public agency, BNSF has the power of condemnation. However, after considerable research and discussions between the Water Department and BNSF, subsequent negotiations were reached whereby BNSF has agreed to purchase this portion ofland without the use of condemnation. The purchase of this land will not affect the existing reservoir and well site and the Water Department has no intention of selling any more of this property. The total area BNSF proposes to purchase is 14,923:J: square feet. An appraisal, as commissioned by BNSF, was conducted by Marshall and Stevens Valuation Consulting (see attached appraisal and summary of qualifications). Based on this report, the fair market value for this portion ofland was set at $20,153.00 ($1.35 per square foot) which was approved by the Board of Water Commissioners in November 2005. Pursuant to Section 2.65.050 of the San Bernardino Municipal Code, property may be sold to another public agency without going through the public bid process, but a public hearing on the proposed sale must still be held. The attached Resolution sets the fair market value of the portion of parcel ofland at $20,153, and sets a public hearing for Monday, April 17, 2006. All affected City departments will be given notice of the sale for potential conflicts and the property will be posted as required by law. A Sales and Purchase Agreement will be prepared and submitted for action at the close of the public hearing. FINANCIAL IMPACT: All net sales proceeds will go to the Water Department. The buyer will pay all closing costs, including the reimbursement for appraisal fees. RECOMMENDATION: Staff recommends that the authorization to proceed with the sale of the property be given and that the attached resolution be adopted. A COMPLETE APPRAISAL REPORT IN A SUMMARY FORMAT OF CERTAIN REAL PROPERTY ASSETS OF CITY OF SAN BERNARDINO MUNICIPAL WATER DEPARTMENT KNOWN AS THE PARCEL 0262-022-01 LOCATED IN SAN BERNARDINO, SAN BERNARDINO COUNTY, CALIFORNIA AS OF MARCH 23, 2005 FOR CITY OF SAN BERNARDINO MUNICIPAL WATER DEPARTMENT APPRAISED BY CHERIN L. MOORADIAN, MAl, ASA ASSISTED BY BRADLEY A. WOOD, ASSOCIATE APPRAISER MARSHALL & STEVENS,INCORPORATED VALUATION AND FINANCIAL CONSULTANTS 11-11-21287-RE.doc ~I valuation consulting - I certify that, to the best of my knowledge and belief: . The statements of fact in this report are true and correct. . The reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions and are my personal, impartial, and unbiased professional analyses, opinions, and conclusions. . I have no present or prospective interest in the property that is the subject of this report, and I have no personal interest with respect to the parties involved. . I have no bias with respect to the property that is the subject of this report or to the properties involved in this engagement. . My engagement in this assignment was not contingent upon developing or reporting predetermined results. . My compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in value that favors the cause of the client, the amount of the value opinion, the attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended use of this appraisal. . To the best of my knowledge and belief, the reported analyses, opinions, and conclusions were developed and this report was prepared in conformity with the Uniform Standards of Professional Appraisal Practice of the Appraisal Foundation, the Code of Professional Ethics, and the Standards of Professional Practice of the Appraisal Institute and American Society of Appraisers. . The American Society of Appraisers has a mandatory recertification program for all of its senior members. I am in compliance with the requirements of that program. . The use of this report is subject to the requirements of the Appraisal Institute and American Society of Appraisers and state regulatory requirements relating to review by its duly authorized representatives. . As of the date of this report, I have completed the requirements under the continuing education program of the Appraisal Institute. . This analysis was not based upon requested minimum value, a specific value, or the approval of a loan. Therefore, I have determined that the final estimate of value was made without influence by the lender or the client. . I have made a personal inspection of the property that is the subject of this report and the market data. CERTIFICATION 11-11-21287-RE.doc ~-1 valuation consulting - CERllFICA liON . Neither all nor any part of the contents of this report (especially any conclusions of value, the identity of the appraiser or the firm with which I am connected, or any reference to the Appraisal Institute or American Society of Appraisers) shall be disseminated to the public through advertising, public relations, news, sales, or any other public medium without the prior written consent and approval of the undersigned. . No one provided significant professional assistance to the person signing this report. . An analysis of current market conditions has been considered, and a reasonable estimated marketing time for the appraised property has been reported within this appraisal. . Bradley A. Wood, assisted the appraiser in inspecting the property (calculating square feet, obtaining descriptions and history); accumulating tax and assessment data, zoning, and market data (identifying and verifying comparable sales and sources); preparing the preliminary analysis using the sales comparison approach for review; and, under the supervision of the appraiser, writing the initial draft of the report. (!k~ ex: /1}d-Ma~ Cherin L. Mooradian, MAl, ASA California Certified General Real Estate Appraiser License #AG036293 Bradley A. Wood, Associate Appraiser 11-11-21287-RE.doc ~I valuation consulting mmD I , I .;I~:, ):-~~'s~!"-_,',, '" ',-)'~ .~Lli-i~-~' . ;.""" marshall ", stevens I I I I I I ~ I I I I I I I I I CHERIN L. MOORADIAN, MAl, ASA PRESENT POSITION EXPERIENCE EMPLOYMENT EDUCATION As senior vice president and appraisal manager for Marshall & Stevens Incorporated, Ms. Mooradian specializes in real estate consulting services and directs all the real estate valuation services for Marshall & Stevens' within the Western Region of the United States. She serves as project manager on major consulting and valuation assignments for our 'clients as well as participates as project manager and/or appraiser in nationwide valuations. Ms. Mooradian has comprehensive experience as a full time real estate professional since 1988, involving primarily appraising, consulting and some brokerage for commercial and industrial properties. Projects have included but are not limited to feasibility and market studies, real estate counseling, highest and best use analysis, absorption studies, fee appraisals, appraisal analysis, insurance valuations, lease and investment analysis, sale-leaseback analysis, asset allocation and assisting in risk analysis for residual value insurance. Prior to her association with Marshall & Stevens Incorporated, she was an independent fee appraiser and owner of Appraisal & Environmental Associates from 1992 to October 1997. During this time period she was also a contributing appraiser with Marshall & Stevens in Philadelphia, Pennsylvania; Ludwig Corporation and The Appraisal Network in Bala Cynwyd, Pennsylvania and Independent Appraisal Corporation in Wayne, Pennsylvania. She was an associate broker and appraiser with The Rohrer Corporation, Haddon Township, New Jersey from 1988 to 1992. Ms. Mooradian received a B.S. degree from Drexel University. She has completed numerous courses sponsored by the Appraisal Institute, including advance level courses such as Highest and Best Use & Market Analysis, Advanced Sales Comparison and Cost Approaches, Advanced Income Capitalization, Advanced Applications and Report Writing and Valuation Analysis. She has also taken courses with CCIM, the Environmental Assessment Association and ASTM, American Standards of Testing and Materials. She has completed MAP Third Party Technical Training pertinent to HUD financing. I , 1 I I I I I I , I I I I I I I I I CHERIN L. MOORADIAN, MAl, ASA COURT TESTIMONY She has testified in Camden County, New Jersey; Montgomery County, Pennsylvania; Burlington County, New Jersey; Washington Township, New Jersey, and Gloucester County, New Jersey. PROFESSIONAL AFFILIATIONS A Certified General Appraiser in California (AG036293), Colorado (CG40040215), Delaware (X10000287), Minnesota (20164773), New Jersey (RG01766), Pennsylvania (GA001350L), Maryland (20260, Georgia (CG 007087), and the District of Columbia (GA 10396). Ms. Mooradian is a Member of the Appraisal Institute (MAl) and a designated senior member, ASA, of the American Society of Appraisers. She is a Certified Environmental Inspector and a licensed real estate broker in Pennsylvania and New Jersey. She has served as Treasurer, Secretary and Vice President for the local Chapter of the Appraisal Institute. mmm:;m:g-1 valuation consulting - .. II r~ II , - I I I I , I l , , I I marshall valuQtion consulting lEma CONFIDENTIAL April 25, 2005 File Reference: 11-11-21287-RE.doc Mr. Bernard Kersey General Manager City of San Bernardino Municipal Water Department 300 North 0 Street San Bernardino, California 92418 Mr. Kersey: In accordance with your request, we are pleased to submit this Complete Summary Appraisal Repott presenting our valuation of the fee simple interest in the vacant land known as Parcel 0262-022-01. This vacant land known as Parcel 0262-022-01 is also referred to herein as (the "Subject Property"). The Parcel 0262-02-201 is a 2.89-acre parcel located in San Bernardino, San Bernardino County, California. The effective date of this valuation is March 23, 2005. The purpose of this appraisal is to estimate the "as is" market value of the vacant land. The appraisal function is its use for internal management processes. This appraisal may be invalid if used for any other purpose. The standard of value is "Market Value" which is defined as Market Value (Appraisal Foundation). The most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller each acting prudently and knowledgeably, and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: 1. buyer and seller are typically motivated; 2. both parties are well informed or well advised, and acting in what they consider their best interests; 3. a reasonable time is allowed for exposure in the open market; 4. payment is made in terms of cash in United States dollars or in terms of financial arrangements comparable thereto; and 5. the price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions granted by anyone associated with the sale. .' _'-- .: ro' '-"-""" .;:..(2 -,., '-,.':: '~'~;;~.-,j', :-!I. c:: r,' . ".'.' I .,- ,~. ~ "'?q: : I ': ,,,> r: ~ . ';.i" 1,- i ; ~:! '-'~' '" _ :: -::-. Ii .. S ~ C' ;"'-.:... I - II , I - - - - , - - - , , I , ~ I City of San Bernardino Municipal Water Department April 25, 2005 Page 2 Based upon the information and analysis contained in the following Complete Summary Appraisal Report, it is our opinion that, as of March 23, 2005, the "as is" market value of the vacant land in San Bernardino, California is reasonably represented as: $170,000 The following appraisal and analysis complies with the purpose as stated and with the reporting requirements set forth by the Uniform Standards of Professional Appraisal Practice (USPAP) for a Complete Summary appraisal as well as the standards set forth by the American Society of Appraisers and the Appraisal Institute. Supporting documentation has been retained in our work papers Very truly yours, J7}~ i~ ~~~ MARSHALL & STEVENS INCORPORATED CLMIII 11-11-21287-RE ~I valuation consulting ..~~ ~ it-J's'I~~ =-r. - - SUMMARY OF IMPORTANT DATA AND CONCLUSIONS " - - - - ~ ~ I Client City of San Bernardino Municipal Water Department Property Name Parcel 0262-022-01 Location San Bernardino, San Bernardino County, California Property Rights Appraised Fee Simple Ownership City of San Bernardino Municipal Water Department Property Type Vacant Land Zoning IE, Industrial Extractive Land Area 2.89 acres, or 125,888 square feet Highest and Best Use As vacant-Current Use ~ , ~ t t I , Approach to Value Sales Comparison Approach Market Value $170,000 $170,000 Marketing Period Estimated at up to two years Exposure Period Estimated at up to two years Inspection Date March 23, 2005 Valuation Date March 23, 2005 Report Date April 25, 2005 11-11-21287-RE.doc ~I valuation consulting Em!1mI ,...../'-"") ,j !.r---. ~ ! ' ,J I I I !. ~-, '\., j! "'-~ .-J I ~~ i ~J Location of Parcel ~ I I Highland Ave. I I I ~ Base Line St.') '- '...... a.i ~. '. ,- I 9th 5t <( 5th St. ,.-.J c: c: <; > I Rialto Ave".J Mill St. !'-'! .' /~ / ..--' .-1 , r eo I I i ~~ VICINITY MAP No Scale CITY OF SAN BERNARDINO "'EVELOPMENT SERVICES DEPARTMENT REAL PROPERTY SECTION PORTION OF PROPERTY LOCATED SOUTHWESTERLY OF KENDALL DRIVE AND CAJON BOULEVARD ~ indicates un-incorporated areas ~ within City's Sphere of Influence File No.: 15.05 - L Ljf"j Date: 2 -' /3 -DIP :z: :z:O " - 3 .~ 0-]> co .. ~ : "':: :TO o ~ ~ ., " 5" ~ ;0- n ~. tD " ;-~ .. - g>~~ :JO.. ,..~ IJJI\)::: ~mo :JI\)..... Q .. ... ~ci's: :Joe Q o~'t) ClO gl\) :J ~ N- "'<I :::~ ~~: .. ~--~ e::~S~ ~~~~ ~ .lrlCD..... rt ~" .. ;;; ~ o ... ;;; (i): " ~ ;::, ------,,---- " . o .., (Z) " .0 ~: ~.n ~ .. .. ~ " @. ~, " (~ ~. ,~ ~ .'r. ,~\ \) 0 ~ ~ t1l '< t1l s:.... ,II) Cl' ~ Oil]) 0 .... C'l - 0 '< (f) c: !=r ~"tJ ZO 0 00 ~ ...0 -. _Ul 0 o CD ::::I Cl)o-o n-- DlO r _"" DI CDCI)::::I DI 0- lD oOlt/) Cl)c~ i:~0I - c Q) "1-'" 001::' <5 c :bQ. ... -. Q)=> cO c: :J :0; ii' ':l.. I\) (]) I\) I _A' ~ .-..... o I\) 1 2 3 4 5 6 RESOLUTION NO. RESOLUTION OF THE CITY OF SAN BERNARDINO ESTABLISHING FAIR MARKET VALUE AND MINIMUM SALE PRICE FOR A PORTION OF CERTAIN CITY OWNED PARCEL OF REAL PROPERTY GENERALLY LOCATED SOUTHWESTERL Y OF KENDALL DRIVE AND CAJON BOULEVARD, AND SETTING A PUBLIC HEARING TO CONSIDER SAID SALE. WHEREAS, the City of San Bernardino, a municipal corporation, is the owner of the hereinafter described portion of City owned parcel of real property, generally located 7 8 9 square feet, and more fully described on Exhibit "A" and shown on Exhibit "B", attached hereto 10 11 12 13 southwesterly of Kendall Drive and Cajon Boulevard, constituting approximately l4,l)23.45 and made apart hereof; and WHEREAS, the Mayor and Common Council of said City find and deternline that there is no necessity for the City's ownership of said real property; and 14 WHEREAS, the Mayor and Common Council of said City believe it is in the best 15 interest of the City that said portion of parcel of real property be disposed of at fair market value; 16 and 17 18 19 20 real property; and WHEREAS, an appraisal of the property was conducted estimating the fair market value of said property at Twenty Thousand One Hundred and Fifty-three Dollars ($20,153.00) for said 21 WHEREAS, Burlington Northern Santa Fe (BNSF) adjacent property owner to said 22 parcel has expressed an interest to purchase said portion of real property for expansion of their 23 facilities; and 24 WHEREAS, pursuant to Section 2.65.050 of the San Bernardino Municipal Code, City 25 owned property may be sold to another public agency without the need for competitive bid, so 26 27 28 long as the sales price is not less than the fair market value of said real property. 03117/2006 8:30 AM ~jo.. j (I 3/j, C\) ow 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 RESOLVTlON OF THE CITY OF SAN BE&"iARDINO ESTABLISHING FAIR MARKET VALVE AND :\II:\I;VIDI SALE PRICE FOR CERTAI'I/ CITY OW:\TED PARCELS OF REAL PROPERTY GENERALL Y LOCATED SOUTHWESTERLY OF KE;'>,'DALL DRIVE AND CAJON BOULEVARD. A;'>,'D SETTING A PUBLIC HEARI:\TG TO CO'l/SIDER SAID SALE. BE IT RESOLVED BY THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN BERNARDINO AS FOLLOWS: SECTION 1. The public interest and convenience require the sale of City owned real property. generally located southwesterly of Kendall Dnve and Cajon Boulevard in the City of San BernardlI10 and same is hereby declared as surplus real property. SECTION 2. It is therefore the intention of the Mayor and Common CouncIl of the CIty of San Bernardino to sell said real property to BNSF. SECTION 3. The Mayor and Common Council do hereby find and determine that the Fair Market Value of this portion of parcel ofland is Twenty Thousand. One Hundred and Fifty-three Dollars ($20,153.00) based upon an appraisal performed by Cherin L. Mooradian, MAL. ASA. SECTION 4. The Mayor and Common Council of the City of San Bernardino do hereby set a public hearing to be held on Monday, April 3, 2006, at 4:00 p.m or as soon thereafter as the matter can be heard. in the Council Chambers of City HalL 300 North "0" Street. San Bernardino, California, relative to the proposed sale. SECTION S. This Resolution shall be published in The San Bernardino County Sun, a newspaper of general circulation, at least once prior to the public hearing and shall be posted in at least 3 conspicuous places on the property at least (10) days prior to the hearing. SECTION 6. Written and oral protest to such sale may be submitted and shall be received at or prior to the public hearing. Written protests may also be submitted to the City Clerk's Office. City Hall. 300 N. "0" Street, San Bernardino, California. prior to the public hearing. SECTION 7. It is the intent of the Mayor and Common Council to consider and approve said sale at the public hearing, said property more particularly described herein. 03117/2006 830 AM 2 RESOLt:TlON OF THE CITY OF SAN BER1'iARDINO ESTABLISHING FAIR MARKET VALUE AND MINIMUM SALE PRICE FOR CERTAIN CITY OWNED PARCELS OF REAL PROPERTY GENERALL Y LOCATED SOUTHWESTERLY OF KENDALL DRIVE AND CAJON BOULEVARD. AND SETTING A PUBLIC HEARING TO CONSIDER SAID SALE. 1 2 3 4 I HEREBY CERTIFY that the foregoing resolution was duly adopted by the Mayor and 5 Common Council of the City of San Bernardino at a meeting thereof 6 held on the 7 wit: 8 9 day of , 20_, by the following vote, to NAYS ABST AIN ABSENT Council Members: AYES ESTRADA 10 BAXTER 11 12 MCGINNIS 13 DERRY 14 15 KELLEY JOHNSON 16 17 MCCAMMACK 18 19 City Clerk 20 The foregoing resolution is hereby approved this day of ,20_" 21 22 23 Approved as to form and legal content: 24 25 26 27 28 03/17/2006 8:30 AM PATRICK 1. MORRIS, Mayor City of San Bernardino t ,I .f "jC1...\.~ 3 LEGAL DESCRIPTION A portion of that certain real property located in the County of San Bernardino, State of California: THAT PORTION OF LOT 11 OF THE MEYER AND BARCLAY SUBDIVISION, RECORDED IN MAP BOOK 12, PAGE 18, RECORDS OF SAN BERNARDINO COUNTY, STATE OF CALIFORNIA, DESCRIBED AS FOLLOWS: BEGINNING AT THE INTERSECTION OF THE WESTERLY LINE OF SAID LOT 11 WITH THE NORTHERL Y RIGHT OF WAY LINE OF BURLINGTON NORTHERN SANTE FE RAILWAY COMPANY (150 FEET WIDE, HALF WIDTH), SAID POINT BEING ON A NON-TANGENT CURVE, CONCA VE TO THE SOUTH, A RADIAL TO SAID POINT BEARS NORTH 18007'26" EAST; THENCE SOUTH 02053'30" WEST ALONG SAID WESTERLY LINE OF LOT 11, A DISTANCE OF 51.84 FEET TO THE BEGINNING OF A 5,779.65 FOOT RADIUS NON-TANGENT CURVE, CONCAVE TO THE SOUTH, A RADIAL TO SAID BEGINNING BEARS NORTH 18015'32" EAST; THENCE EASTERLY, ALONG SAID CURVE, THROUGH A CENTRAL ANGLE OF 02046'40" AN ARC DISTANCE OF 280.21 FEET; THENCE NON-TANGENT TO SAID CURVE, NORTH 43014'00" EAST A DISTANCE OF 53.96 FEET TO THE BEGINNING OF A 5,829.65 FOOT RADIUS NON-TANGENT CURVE, CONCAVE TO THE SOUTH, A RADIAL TO SAID BEGINNING BEARS NORTH 21014'13" EAST; THENCE WESTERLY, ALONG SAID CURVE, THROUGH A CENTRAL ANGLE OF 03046'47" AN ARC DISTANCE OF 316.74 FEET TO THE POINT OF BEGINNING. THE AREA OF THE ABOVE DESCRIBED PROPERTY IS APPROXIMATEL Y 14,923.45 SQUARE FEET MORE OR LESS. EXHIBIT "A" ASJ4-00J - 593241 EXHIBIT PLAT (O/.Oii-~~ \,----....- ~ jJ !liL Ur1 "!J" ~LX. JjJ ~.j. J2JJ~ jJ DjL .:.11 !J !j~{ 1J ~. j.J2IJ:I () ~ L- o -Z m S:.. Q i._\ ".'( v , ".:::' . ..~ '..> " -I '" r I,. EXHIBIT "B" ** FOR OFFICE USE ONLY - NOT A PUBLIC DOCUMENT ** RESOLUTION AGENDA ITEM TRACKING FORM M~;o, 0... ,0." '1It3,)1J ,~i Vote: Ayes Nays Change to motion to amend original documents 0 Item # ILl Resolution # ~DIc -- '7 3 Abstain Absent Companion Resolutions NullNoid After: days / Resolution # On Attachments: 0 Note on Resolution of attachment stored separately: 0 PUBLISH 0 POST 0 RECORD W/COUNTY 0 By: Date Sent to Mayor: ::s "';;rj - D 0 Date of Mayor's Signature: 'b / 'J? r IJ 10 Date ofClerk/CDC Signature: 3, )J--AJh Reso. Log Updated: i:J Seal Impressed: d / Reso. # on Staff Report ~ Date Memo/Letter Sent for Signature: 1" Reminder Letter Sent: Date Returned: 2"d Reminder Letter Sent: Not Returned: 0 Request for Council Action & Staff Report Attached: Updated Prior Resolutions (Other Than Below): Updated CITY Personnel Folders (6413, 6429, 6433,10584,10585,12634): Updated CDC Personnel Folders (5557): Updated Traffic Folders (3985, 8234, 655, 92-389): Yes .....-----/ No By_ NoL- By_ NOr By_ No~/y_ No~ By_ Yes Yes Yes Yes Copies Distributed to: Animal Control o o o Code Compliance 0 Fire Department 0 Development Services ~ Human ReSDur~s 0 Others: ~e~ ~~~~/~ fd~ EDA o o o Information Services 0 Parks & Recreation 0 Police Department 0 Public Services 0 Water Department 0 City Administrator Facilities City Attorney Finance Notes: / / Ready to File: V Date:7 )/1 ~6 Revised 12/18103