HomeMy WebLinkAboutCONRAD & ASSOCIATES, LLP. - 1998-01-16PROFESSIONAL SERVICES CONTRACT BETWEEN
THE REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH AND
CONRAD & ASSOCIATES, L.L.P, FOR AUDITING SERVICES
THIS AGREEMENT, made and entered into this 1 Wo day of
199 % by and between the City of Huntington Beach, a
municipal corporation of the State of California, hereinafter referred to as the
"REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH", and
CONRAD & ASSOCIATES, a California general partnership, hereinafter referred to as
"CONSULTANT."
WHEREAS, AGENCY desires to engage the services of a consultant to perform
auditing services in the City of Huntington Beach; and
Pursuant to documentation on file in the office of the City Clerk of the City of
Huntington Beach, the provisions of HBMC Chapter 3.03 relating to procurement of
professional service contracts has been complied with; and
CONSULTANT has been selected to perform said services,
NOW, THEREFORE, it is agreed by AGENCY and CONSULTANT as follows:
WORK STATEMENT
CONSULTANT shall provide all services as described in the Request for
Proposal, and CONSULTANT's proposal dated August 5, 2997, (hereinafter referred to as
Exhibit "A"), which is attached hereto and incorporated into this Agreement by this reference.
Said services shall sometimes hereinafter be referred to as "PROJECT."
CONSULTANT hereby designates Michael A. Harrison, who shall represent it and be its
sole contact and agent in all consultations with AGENCY during the performance of this
Agreement.
7/k/g:/agree/conradl /12/17/97
2. AGENCY STAFF ASSISTANCE
AGENCY shall assign a staff coordinator to work directly with CONSULTANT in
the performance of this Agreement.
3. TIME OF PERFORMANCE
Time is of the essence of this Agreement. The services of the CONSULTANT
are to commence as soon as practicable after the execution of this Agreement and all tasks
specified in Exhibit "A" shall be completed no later than ninety (90) days from the date of this
Agreement. These times may be extended with the written permission of the AGENCY. The
time for performance of the tasks identified in Exhibit "A" are generally to be shown in the
Scope of Services on the Work Program/Project Schedule. This schedule may be amended to
benefit the PROJECT if mutually agreed by the AGENCY and CONSULTANT.
4. COMPENSATION
In consideration of the performance of the services described herein, AGENCY
agrees to pay CONSULTANT a fee not to exceed Three Thousand Eight Hundred Dollars
($3, 800).
5. EXTRA WORK
In the event AGENCY requires additional services not included in Exhibit "A," or
changes in the scope of services described in Exhibit "A," CONSULTANT will undertake such
work after receiving written authorization from AGENCY. Additional compensation for such
extra work shall be allowed only if the prior written approval of AGENCY is obtained.
6. METHOD OF PAYMENT
A. CONSULTANT shall be entitled to progress payments toward the fixed
fee set forth herein in accordance with the progress and payment schedules set forth in
Exhibit "A".
2
7/k/g:/agree/conradl /12/17/97
B. Delivery of work product: A copy of every technical memo and report
prepared by CONSULTANT shall be submitted to the AGENCY to demonstrate progress
toward completion of tasks. In the event AGENCY rejects or has comments on any such
product, AGENCY shall identify specific requirements for satisfactory completion. Any such
product which has not been formally accepted or rejected by AGENCY shall be deemed
accepted.
C. The CONSULTANT shall submit to the AGENCY an invoice for each
progress payment due. Such invoice shall:
1) Reference this Agreement;
2) Describe the services performed;
3) Show the total amount of the payment due;
4) Include a certification by a principal member of the
CONSULTANT's firm that the work has been performed in accordance with the
provisions of this Agreement; and
completed.
5) For all payments include an estimate of the percentage of work
Upon submission of any such invoice, if AGENCY is satisfied that
CONSULTANT is making satisfactory progress toward completion of tasks in accordance with
this Agreement, AGENCY shall promptly approve the invoice, in which event payment shall be
made within thirty (30) days of receipt of the invoice by AGENCY. Such approval shall not be
unreasonably withheld. If the AGENCY does not approve an invoice, AGENCY shall notify
CONSULTANT in writing of the reasons for non -approval, within seven (7) calendar days of
receipt of the invoice, and the schedule of performance set forth in Exhibit "A" shall be
suspended until the parties agree that past performance by CONSULTANT is in, or has been
brought into compliance, or until this Agreement is terminated as provided herein.
3
7/k/glagree/conradl /12/17/97
V
V
D. Any billings for extra worts or additional services authorized by AGENCY
shall be invoiced separately to the AGENCY . Such invoice shall contain all of the information
required above, and in addition shall list the hours expended and hourly rate charged for such
time. Such invoices shall be approved by AGENCY if the work performed is in accordance
with the extra work or additional services requested, and if AGENCY is satisfied that the
statement of hours worked and costs incurred is accurate. Such approval shall not be
unreasonably withheld. Any dispute between the parties concerning payment of such an
invoice shall be treated as separate and apart from the ongoing performance of the remainder
of this Agreement.
7. DISPOSITION OF PLANS, ESTIMATES AND OTHER DOCUMENTS
CONSULTANT agrees that all materials prepared hereunder, including all
original drawings, designs, reports, both field and office notices, calculations, maps and other
documents, shall be turned over to AGENCY upon termination of this Agreement or upon
PROJECT completion, whichever shalt occur first. In the event this Agreement is terminated,
said materials may be used by AGENCY in the completion of PROJECT or as it otherwise
sees fit. Title to said materials shall pass to the AGENCY upon payment of fees determined to
be earned by CONSULTANT to the point of termination or completion of the PROJECT,
whichever is applicable. CONSULTANT shall be entitled to retain copies of all data prepared
hereunder.
S. INDEMNIFICATION AND HOLD HARMLESS
CONSULTANT shall protect, defend, indemnify and hold harmless AGENCY, its
officers, officials, employees and agents from and against any and all liability, loss, damage,
expenses, costs (including without limitation costs and fees of litigation of every nature) arising
out of or in connection with the performance of this agreement or its failure to comply with any
4
7/k/glogree/corwadl /12/17/97
C�
U
of its obligations contained in the agreement, except such loss or damage which was caused
by the sole negligence or willful misconduct of the AGENCY.
9. WORKERS COMPENSATION
CONSULTANT shall comply with all of the provisions of the Workers
Compensation Insurance and Safety Acts of the State of California, the applicable provisions
of Division 4 and 5 of the Califomia Labor Code and all amendments thereto; and all similar
state or federal acts or laws applicable; and shall indemnify, defend and hold harmless
AGENCY from and against all claims, demands, payments, suits, actions, proceedings and
judgments of every nature and description, including attorney fees and costs presented,
brought or recovered against AGENCY, for or on account of any liability under any of said acts
which may be incurred by reason of any work to be performed by CONSULTANT under this
Agreement.
10. PROFESSIONAL LIABILITY INSURANCE
CONSULTANT shaft furnish a professional liability insurance policy covering the
work performed by it hereunder. Said policy shall provide coverage for CONSULTANT's
professional liability in an amount not less than $1,000,000 per occurrence and in the
aggregate. A claims made policy shall be acceptable if the policy further provdes that:
1. The policy retroactive date coincides with or precedes the professional services
contractor's start of work (including subsequent policies purchased as renewals
or replacements).
2. CONSULTANT will make every effort to maintain similar insurance during the
required extended period of coverage following project completion, including the
requirement of adding all additional insureds.
5
7/k/g./ogres/conrodl /12/ 17/97
U
3. If insurance is terminated for any reason, CONSULTANT agrees to purchase an
extended reporting provision of at feast two (2) years to report claims arising
from work performed in connection with this Agreement.
4. The reporting of circumstances or incidents that might give rise to Future claims.
11. CERTIFICATES OF INSURANCE.
Prior to commencing performance of the work hereunder, CONSULTANT shall
furnish to AGENCY certificates of insurance subject to approval of the City Attorney evidencing
the foregoing insurance coverages as required by this Agreement; said certificates shall:
a. provide the name and policy number of each carrier and policy;
b. shall state that the policy is currently in force; and
C. shall promise that such policies shall not be suspended, voided or canceled by
either party, reduced in coverage or in limits except after thirty days prior written
notice; however, ten days prior written notice in the event of cancellation for
nonpayment of premium.
CONSULTANT shall maintain the foregoing insurance coverages in force until
the work under this Agreement is fully completed and accepted by AGENCY.
The requirement for carrying the foregoing insurance coverages shall not
derogate from the provisions for indemnification of AGENCY by CONSULTANT under the
Agreement. AGENCY or its representative shall at afl times have the right to demand the
original or a copy of all said policies of insurance. CONSULTANT shall pay, in a prompt and
timely manner, the premiums on all insurance hereinabove required.
12. INDEPENDENT CONTRACTOR
CONSULTANT is, and shall be, acting at all times in the performance of this
Agreement as an independent contractor. CONSULTANT shall secure at its expense, and be
responsible for any and all payment of all taxes, social security, state disability insurance
6
7/k/g:/agree/corxad 1 /12/17/97
lJ
compensation, unemployment compensation and other payroll deductions for CONSULTANT
and its officers, agents and employees and all business licenses, if any, in connection with the
services to be performed hereunder.
13. TERMINATION OF AGREEMENT
All work required hereunder shall be performed in a good and workmanlike
manner. AGENCY may terminate CONSULTANTS services hereunder at any time with or
without cause, and whether or not PROJECT is fully complete. Any termination of this
Agreement by AGENCY shall be made in writing, notice of which shall be delivered to
CONSULTANT as provided herein.
14. ASSIGNMENT AND SUBCONTRACTING
This Agreement is a personal service contract and the supervisory work
hereunder shall not be delegated by CONSULTANT to any other person or entity without the
consent of AGENCY.
15. COPYRIGHTS/PATENTS
AGENCY shall own all rights to any patent or copyright on any work, item or
material produced as a result of this Agreement.
16. AGENCY EMPLOYEES AND OFFICIALS
CONSULTANT shall employ no AGENCY official nor any regular AGENCY
employee in the work performed pursuant to this Agreement. No officer or employee of
AGENCY shall have any financial interest in this Agreement in violation of the applicable
provisions of the Cafifomia Govemment Code.
17. NOTICES
Any notice or special instructions required to be given in writing under this
Agreement shall be given either by personal delivery to CONSULTANTs agent (as designated
in Section 1 hereinabove) or to AGENCY's Director of Economic Development as the situation
7
7/k/g/agree/corradl /I V17/97
U
ki
shall warrant, or by enclosing the same in a sealed envelope, postage prepaid, and depositing
the same in the United States Postal Service, addressed as follows:
TO AGENCY :
David Biggs,
Director of Economic Development
City of Huntington Beach
2000 Main Street
Huntington Beach, CA 92648
18. IMMIGRATION
TO CONSULTANT:
Michael A. Harrison, C.P.A.
Conrad & Associates, L.L.P.
1100 Main Street, Suite C
Irvine, CA 92614
CONSULTANT shall be responsible for full compliance with the immigration and
naturalization laws of the United States and shall, in particular, comply with the provisions of
the United States Code regarding employment verification.
19. LEGAL SERVICES SUBCONTRACTING PROHIBITED
CONSULTANT and AGENCY agree that AGENCY is not liable for payment of
any subcontractor work involving legal services, and that such legal services are expressly
outside the scope of services contemplated hereunder. CONSULTANT understands that
pursuant to Huntington Beach City Charter Section 309, the City Attorney is the exclusive legal
counsel for AGENCY; and AGENCY shall not be liable for payment of any legal services
expenses incurred by CONSULTANT.
20. ATTORNEYS FEES
In the event suit is brought by either party to enforce the terns and provisions of
this agreement or to secure the performance hereof, each party shall bear its own attorney's
fees.
8
7/k/Vogree/corYadl /12117/97
V
21. ENTIRETY
The foregoing, and Exhibit "A": attached hereto, set forth the entire Agreement
between the parties.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed by and through their authorized offices the day, month and year first above written.
CONRAD & ASSOCIATES, L.L.P.:
I tic-�
By: '4 'V.'. —
Michael A. Harrison, C.P.A.,
General Partner
REDEVELOPMENT AGENCY OF THE CITY
OF HUNTINGTON BEACH, a municipal
corporation of the State of California
ecutive Director
APP VED AS TO FORM:
��141 City Attomey ,L �(}-q�
INITIATED AND APPROVED: ?�
�hvd C-1
Director of Econo is Development
0
7/k/Q:/apree/corXadl /12/17197
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
PROFESSIONAL SERVICES CONTRACT BETWEEN
THE REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH AND
CONRAD & ASSOCIATES, L.L.P, FOR AUDITING SERVICES
Table of Contents
WorkStatement....................................................................................................1
AgencyStaff Assistance........................................................................................2
Time of Performance.............................................................................................2
Compensation.......................................................................................................4
ExtraWork...........................................................................................................2
Methodof Payment...............................................................................................2
Disposition of Plans, Estimates and Other Documents...........................................4
Indemnification and Hold Harmless.......................................................................4
Workers' Compensation.........................................................................................5
Insurance............................................................................................................... 5
Certificates of Insurance.......................................................................................6
Independent Contractor........................................................................................7
Termination of Agreement....................................................................................7
Assignment and Subcontracting............................................................................7
Copyrights/Patents...............................................................................................7
Agency Employees and Officials...........................................................................8
Notices................................................................................................................. 7
Immigration.......................................................................................................... 8
Legal Services Subcontracting Prohibited.............................................................8
AttorneyFees.......................................................................................................9
Entirety................................................................................................................9
7/k/glagree/conrad/ 12/ 17/97
U
ATTACHMENT A
L 1JSOCI TES, L.L.P.
A /MRTN[11/NIP IMCLYDINO PROP9/f1OMAL CORPORATIONS
August 5, 1997
Greg Brown
Development Specialist
Department of Economic Development
City of Huntington Beach
2000 Main Street
Huntington Beach, California 92648
Dear Mr. Brown:
CERTIFIED PUBLIC ACCOUNTANTS
1 100 MAIN STREET, SUITE C
IRVINE, CALIFORNIA 92614
(714) 474-2020
At your request, Conrad & Associates, L.L.P. would perform certain agreed -upon procedures
with respect to an Owner Participation Agreement between the Huntington Beach Redevelopment
Agency and the owner of the project (commonly referred to as Jack's Surf Shop). The
engagement of agreed -upon procedures will be performed in accordance with standards
established by the American Institute of Certified Public Accountants. We will not make any
representations as to the sufficiency of the procedures described. We understand that the
procedures we would perform are intended for the information of the Agency, City management
and City Council.
Based upon our conversations, the procedures we would perform would be as follows:
1. We would obtain and review the financial and rent portions of the Owner Participation
Agreement.
2. For the years ended December 31, 1996 and 1997, we would obtain the actual rent roll
and the leases in force for the years and determine gross rents. We would compare gross
rents calculated to gross rents reported to the Agency. We would also verify the
calculation of the rent subsidy paid by the Agency to the owner under the Owner
Participation Agreement.
3. We would determine common area maintenance charges from a review of common area
expenses incurred for the years ended December 31, 1996 and 1997 and billed to the
Agency.
4. We would review the Owner Participation Agreement and determine the time period and
estimate the continued Agency subsidy.
5. We would obtain from Agency records a history and summary of payments made on the
note receh able of the Agency in 1996 and 1997 and compare that to records of the owner
as of December 31, 1997.
MEMBERS OF AICPA AND CALIFORNIA SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS
MEMBER OF AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS PRIVATE COMPANIES PRACTICE SECTK W
U
I
Greg Brown
Development Specialist
Department of Economic Development
August 5, 1997
Page Two
At the conclusion of our agreed -upon procedures, we would render a written report of our
procedures performed and attach our findings and calculations.
The above procedures will be performed principally by Mr. Steven Dobrenen, C.P.A. who is a
Manager in our office under the supervision of Michael A. Ha n; QP: , Partner. We would
agree to a not -to -exceed fee to conduct the procedure $3,80a, i Iuding out of pocket
expense.
We would be prepared to commence the project January 5, 1998 and render a draft report by
February 1, 1998. We would issue our final report within one week after your approval of the
draft report. If the foregoing meets with your understanding, you may sign and return the
enclosed duplicate of this letter.
Very truly yours,
CONRAD & ASSOCIATES, L.L.P.
Michael A. Harrison, C.P.A.
Partner
MAFUdc
Enclosure
Accepted:
CITY OF HUN'TINGTON BEACH
By:
Title:
Date:
ACOAD_ CERTIFI
PRODUCER
Advanced Insurance Marketing
P.O. Box 4459
OrvLnge CA 92613-4459
:awes Ellis
_ F E OF LIABILITY INS . )ANCgsR SN DATE(MDWTYI
oMl
N7001 02/04/97
UA4"U0, oao THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION
ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE
HOLDER. THIS CERTIFICATE DOES NOT AMEND, EXTEND OR
(.A* -1T• ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW.
5�1315ii COMPANIES AFFORDING COVERAGE
COMPANY
A CNA Ins. Co_
_ NO. /19-7y1-OIV Fax NO.
INSURED
COMPANY
B
COMPANY
Conrad and Associates L.L.P.
C
-
1100 Main Street BC
COMPANY
1
Irvine CA 92714
D
COVERAGES
THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE
BEEN ISSUED TO THE INSURED
NAMED.
INDICATED. NOTWITHSTANDING ANY REOUIREMENT. TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT►
CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED
BY THE POLICIES DESCRIBED HEREIN IS S
�� J,,�
EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS •0s
coI TYPE OF INSURANCE POLICCI[ NUMBER
LTR
'�.•'
POLICY EFFECTIVE POLICY EX PI e� }r 1 111 UM[TS
DATE IMMlpOfYY) DATE (MMlG u
GENERALLIAGILITY
GENERAL AGGREGATE
f 2 000 OOO
A X COMMERCIAL GENERAL LIABILITY 128167304
02/07/97
02/07/98 PRODUCTS-COMPIOPAGG
f 2 000 000
CLAIMS MADE I X1 OCCUR
PERSONAL i AOV INJURY
S 1 OOO 000
OWNER'S & CONTRACTOR'S PROT
EACH OCCURRENCE
S1,000,000
FIRE DAMAGE [Anyone Rnl
f 10O 000
MED EXP (Any one P«+on)
f 1 O 000
MO81LELIABILRY
COMBINED SINGLE LIMIT
f1,000,000
A
aJANYAUTO
128167304
02/07/97
02/07/98
BODILYINJURY
S
LL OWNED AUTOS
SCHEDULED AUTOS
(Per pmon}
BODILYIHJURY
S
T HIRED AUTOS
jC NON -OWNED AUTOS
IPir&celd#nq
PROPERTY DAMAGE
S
GARAGE LIABILITY
AUTO ONLY - EA ACCIDENT
S
OTHER THAN AUTO ONLY:
ANY AUTO
EACHACCOE14T
S
AGGREGATE
f
EXCESS LIABILITY
EACH OCCURRENCE
S
AGGREGATE
f
UMBRELLA FORM
f
OTHER THAN UMBRELLA FORM
WORKERS COMPENSATION AND
X wcSTATU- OTH
IMI
EM PLOYEFLT LIABR]TY
ELEACH ACCIDENT
f 1OOO OOO
A
THE PROPRIETORI
WCB62306251
02/07/97
02/07/98
ELDIsEAsE•PoucrumFT
$1 000 000
PARTNERSIEXECUiNE
EL DISEASE -EA EMPLOYEE
S 1 000,000
OFFICERS ARE: EXCL
OTHER
DESCii1PTI0N VF OPERAT1ON51LpG►n01151VEHIGLESiSPEGWLITEM3
10 DAY NOTICE OF CANCELLATION FOR NON-PAYMENT OF PREMIUM./ ADDITIONAL
INSURED PER THE ATTACHED 118157A.
CERTIFICATE HOLDER
CITY OF HUNTINGTON BEACH,ITS
✓ AGENTS,OFFICERS & EMPL40YEES
GREG BROWN
2000 MAIN STREEET
IMINTINGTON BEACH CA 92648
CANCELLATION
CIHB003 I SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BECANCELLEDBEFORETHE
EXPIRATION DATE THEREOF. THE ISSUING COMPANY WILL H+IHSI f@W`MAIL
30 DAYS wRITTEII NOTICE TO THE CERTIFICATE HOLDER NAMED TO THE LEFT.
IM. James Ellis
ACORD 25S (1195) OACORD CORPORATION 1S
• t .
INSM=- COHP,AD & ASSOCIATES L.L.P.
POLICr : 128167304
CAFA
• MAtf 4. i�..rc+�e..l.. t4h.r -
T14i51=NDoHSEMENT CHANCES THE POLICY. PLEASE READ IT CAF3UFULLY.. 3
ADDITIONAL INSURED - DESIGNATED PERSON OR- ORGANMATIQN
This endorsemsnt modifies insurance provided under the following:
EtistrIESS ACCOUNT PACKAGE POLICY BUSINESS UADMITY COVERAGE FARM
SCHEDULE
Name of Person or Organlxntion:
CITY OF IIU?t'TINGTON Maj. ITS ACEH"I'S, OFFICERS & EMMOYEM
(It no entry appears above, Informatlon required to
complota this endorsement will be shown in the
Deciaratlona as applicable to this endorsement.)
WHO IS AN INSIJ ED (Section C.) fs amended to
include as an insured the person or organization shown
In the Schedule as art insured but only wM respect to
02bllity arlaing out of your operatlats or pramtses ,
owned by or rented to you. .
E
APPROVED t S TO PORW
GAILHL1710M, City AltOrnay
. By: Deput;r City A#tos•my
Includes Copyrighted matoW of Insumncs Servloes OfAa, Ina. watt its penrWon..
Copyrlgltt, Inturartcs Services Off. Int:..1984
t�•t78tS7-A - .
(ED; 01196)
16 VW kl%.) ,ANY
07i CAMICO
/
2SS StaeW Dd". ltwd Floor, >e wwd W FA 94065•1404
41 S.E012SW - 800.6511177 - Fax: 415.602.27OO
CAMICO MUTUAL INSURANCE COMPANY
To: Mr. Greg Brown
City of Huntington Beach
2000 Main Street
Huntington Beach, CA 92648
RE: Policy No. CAL01311
DATE: January 16, 1997
This is to certify that as of the date hereof a CAMICO policy of accountant's
professional liability insurance insuring Conrad & AssQ91at s. LLP as the Named
Insured is in effect. The policy period of such policy is 01101197-12 1197 and the per
claimlaggregate limits of liability thereunder are $2_0D0.0001$2.000.000_ respectively.
Such insurance is subject to cancellation as provided in the policy and to nonrenewal by
the Company or by the Named Insured. Coverage is subject to all the terms and
conditions of the policy.
By issuing this Certificate, CAMICO undertakes no obligation to inform any person of
the cancellation or nonrenewal of the policy or of exhaustion of the limits of liability
-thereunder.
CAMICO MUTUAL
INSURANCE COMPANY
IM
APPROVED AS TO FORM
0A1`BUTT' Cit. omeymey
By Deputy Y Att
MilfI
tie (v)e 9.03
14 �'c' City of Huntington Beach
( 1 2000 MAIN STREET CAI-IFORNIA 92648
��. DEPARTMENT OF ECONOMIC DEVELOPMENT
Director 714/536-5582 Redevelopment 714/536-5582
FAX 714/375-5087 Housing 714/536-5542
January 27, 1997
Conrad & Associates
1100 Main Street, Suite C
Irvine, CA 92714
Attention: Michael A. Harrison, Partner
Dear Mr. Harrison:
The Redevelopment Agency of the City of Huntington Beach is seeking the services of
an accounting firm to audit the performance of a redevelopment project.
The subject property was developed with the assistance of the Redevelopment Agency.
The Owner Participation Agreement between the Agency and the property owner
requires ongoing participation of both parties. The Agency is the mortgagee of a first
deed of trust used to finance the project. The Agency is obligated to subsidize both rent
and common area maintenance charges for a portion of the building.
The Agency would like to achieve the following objectives through the audit:
• Establish the actual rent role and payment history of the note.
• Verify the calculation of the rent subsidy and common area maintenance charges
billed to the Agency.
• Estimate the term of the continued Agency subsidy.
Please respond with your bid for services in writing. Bids may be submitted by fax. The
deadline for receipt of all bids is January 31, 1997.
Very truly yours,
Mi ael J. Hennessey
Assistant Project Manager
MJH:Ib
V
0
JJ R City of Huntington Beach
2000 MAIN STREET CALIFORNIA92648
DEPARTMENT OF ECONOMIC DEVELOPMENT
Director 7141536-5582 Redevelopment 714/536-5582
FAX 7141375-5037 housing 714/536-5542
January 27, 1997
Deloitte & Touche, LLP
695 Town Center Drive, Suite 1200
Costa Mesa, CA 92626
Attention: Gary Smith, Partner in Charge of Auditing
Dear Mr. Smith:
The Redevelopment Agency of the City of Huntington Beach is seeking the services of
an accounting firm to audit the performance of a redevelopment project.
The subject property was developed with the assistance of the Redevelopment Agency.
The Owner Participation Agreement between the Agency and the property owner
requires ongoing participation of both parties. The Agency is the mortgagee of a first
deed of trust used to finance the project. The Agency is obligated to subsidize both rent
and common area maintenance charges for a portion of the building.
The Agency would like to achieve the following objectives through the audit:
• Establish the actual rent role and payment history of the note.
• Verify the calculation of the rent subsidy and common area maintenance charges
billed to the Agency.
• Estimate the term of the continued Agency subsidy.
Please respond with your bid for services in writing. Bids may be submitted by fax. The
deadline for receipt of all bids is January 31, 1997.
Very truly yours,
M' a � I�M
Assistant Project Manager
MJH:lb
O
City of Huntington Beach
2000 MAIN STREET CALI FORNIA 92648
DEPARTMENT OF ECONOMIC DEVELOPMENT
Director 7141536-5582 Redevelopment 714/536-5582
FAX 7141375-5087 Housing 714/536-5542
January 27, 1997
Diehl, Evans & Company, Certified Public Accountants
18401 Von Karman, Suite 200
Irvine, CA 92715-1542
Attention: William S. Morgan, Director of Management Consulting
Dear Mr. Morgan:
The Redevelopment Agency of the City of Huntington Beach is seeking the services of
an accounting firm to audit the performance of a redevelopment project.
The subject property was developed with the assistance of the Redevelopment Agency.
The Owner Participation Agreement between the Agency and the property owner
requires ongoing participation of both parties. The Agency is the mortgagee of a first
deed of trust used to finance the project. The Agency is obligated to subsidize both rent
and common area maintenance charges for a portion of the building.
The Agency would like to achieve the following objectives through the audit:
• Establish the actual rent role and payment history of the note.
• Verify the calculation of the rent subsidy and common area maintenance charges
billed to the Agency.
• Estimate the term of the continued Agency subsidy.
Please respond with your bid for services in writing. Bids may be submitted by fax. The
deadline for receipt of all bids is January 31, 1997.
Very truly yours,
Michael J. Hennessey
Assistant Project Manager
— �-o Vl� .0-
MJH:lb