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HomeMy WebLinkAboutDONAHUE & COMPANY INC - 2000-05-19h Yes No NIA ■ Are all blanks filled in on agreement?. ■ Has contractor signed agreement? ■ Are all other signatures (e.g., City Attorney Approval As To Form) on agreement? ■ Does a reement have Exhibits and/or Attachments? If Yes, ■ Are Exhibits/Attachments marked? ■ Are Exhibits/Attachments attached? Yes No NIA ■ 1 Is Insurance required? If Yes, ■ Is Insurance attached? ■ Is Insurance Approved As To Form by City Attorney ■ If waived, is Settlement Committee approval attached? ■ If waived, has agreement been initialed by contractor or revised to remove insurance requirement from text of agreement? Yes No NIA If this agreement requires documentation to be on file regarding Requests *■ for RFPs, have you attached this documentation (see Page 1 of agreement to determine if this requirement applies)? Please complete the section below so the City Clerk's Office can enter your agreement on the computer so that it is retrievable by keyword search (termination date is required for Clerk's computer program to flag for microfilming/destruction purposes). Description of Agreement (Purpose) (such as Perform Soil Analysis Waterfront Hilton/PCH/Atlanta): Donahue & Company to perform acquisition appraisal services of Montgomery Ward and Burlington Coat Factory at Huntington Center. *This is an update of an earlier appraisal. Termination Date: 17 Aug 2000 g:,bobbielcontract clerk donahue.doc 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 PROFESSIONAL SERVICES CONTRACT BETWEEN THE CITY OF HLTNTINGTON BEACH AND DONAHUE & COMPANY, INC. FOR APPRAISAL SERVICES Table of Contents Scopeof Services.....................................................................................................I CityStaff Assistance................................................................................................2 Time of Performance...............................................................................................2 Compensation..........................................................................................................2 Priorities.................................................................................................................. 2 ExtraWork...............................................................................................................2 Methodof Payment..................................................................................................3 Disposition of Plans, Estimates and Other Documents...........................................4 HoldHarmless.........................................................................................................4 Workers' Compensation Insurance..........................................................................5 General Liability Insurance......................................................................................6 Professional Liability Insurance..............................................................................6 Certificates of Insurance..........................................................................................7 Independent Contractor............................................................................................8 Termination of Agreement.......................................................................................8 Assignment and Subcontracting...............................................................................8 Copyrights/Patents...................................................................................................8 City Employees and Officials..................................................................................9 Notices.....................................................................................................................9 Modification.............................................................................................................9 Captions...................................................................................................................10 SectionHeadings.....................................................................................................10 Interpretation of this Agreement..............................................................................10 DuplicateOriginal....................................................................................................I I Immigration................................................................................... I ... I ..........I ........... I I Legal Services Subcontracting Prohibited............................................................... I I Attorney's Fees......................................................................................................... I l Entirety.....................................................................................................................11 PROFESSIONAL SERVICES CONTRACT BETWEEN THE CITY OF HUNTINGTON BEACH AND DONAHUE & COMPANY, INC. FOR APPRAISAL SERVICES THIS Agreement is made and entered into this day of 2000, by and between the City of Huntington Beach, a municipal corporation of the State of California, hereinafter referred to as "CITY," and Donahue & Company, a California corporation, hereinafter referred to as "CONSULTANT." WHEREAS, CITY desires to engage the services of a consultant to provide appraisal services; and Pursuant to documentation on file in the office of the City Clerk, the provisions of the Huntington Beach Municipal Code, Chapter 3.03, relating to procurement of professional service contracts have been complied with; and CONSULTANT has been selected to perform said services, NOW, THEREFORE, it is agreed by CITY and CONSULTANT as follows: SCOPE OF SERVICES CONSULTANT shall provide all services as described in the CONSULTANT's Proposal dated March 21, 2000 (hereinafter referred to as Exhibit "A"), which is attached hereto and incorporated into this Agreement by this reference. These services shall sometimes hereinafter be referred to as the "PROJECT." CONSULTANT hereby designates Barbara L. Zachary, MAI, who shall represent it and be its sole contact and agent in all consultations with CITY during the performance of this Agreement. Page 1 of 12 4..'s:4-204)0 Agree: Donahue RLS 00-304 32MO 2. CITY STAFF ASSISTANCE CITY 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 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 90 days from the date of this Agreement. These times may be extended with the written permission of CITY. 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 CITY and CONSULTANT. 4. COMPENSATION In consideration of the performance of the services described herein, CITY agrees to pay CONSULTANT a fee not to exceed Twenty Thousand Dollars ($20,000.00). 5. PRIORITIES In the event there are any conflicts or inconsistencies between this Agreement, the CITY's RFP, or the CONSULTANT's Proposal, the following order of precedence shall govern: (1) Agreement, (2) the CONSULTANT's Proposal, and (3) the CITY's RFP. 6. EXTRA WORK In the event CITY requires additional services not included in Exhibit "A," or changes in the scope of services described in Exhibit "A," CONSULTANT will undertake such work only after receiving written authorization from CITY. Additional compensation for such extra work shall be allowed only if the prior written approval of CITY is obtained. Page 2 of 12 4/s:4-2000 Agree: Donahue RLS 00-304 3'26;00 0 • 7. 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." B. Delivery of work product: A copy of every memorandum, letter, report, calculation and other documentation prepared by CONSULTANT shall be submitted to CITY to demonstrate progress toward completion of tasks. In the event CITY rejects or has comments on any such product, CITY shall identify specific requirements for satisfactory completion. Any such product which has not been formally accepted or rejected by CITY shall be deemed accepted. C. CONSULTANT shall submit to CITY 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 CONSULTANT's firm that the work has been performed in accordance with the provisions of this Agreement; and 5) For all payments include an estimate of the percentage of work completed. Upon submission of any such invoice, if CITY is satisfied that CONSULTANT is making satisfactory progress toward completion of tasks in accordance with this Agreement, CITY shall promptly approve the invoice, in which event payment shall be made within thirty (30) days of receipt of the invoice by CITY. Such approval shall not be unreasonably withheld. If CITY does not approve an invoice, CITY 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 Page 3of12 41's: t-2000 Agree: Donahue RLs 00-301 3 Q8-00 0 • 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. D. Any billings for extra work or additional services authorized by CITY shall be invoiced separately to CITY. 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 CITY if the work performed is in accordance with the extra work or additional services requested, and if CITY 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. 8. DISPOSITION OF PLANS, ESTIMATES AND OTHER DOCUMENTS CONSULTANT agrees that all materials prepared hereunder, including all original drawings, designs, reports, both held and office notices, calculations, maps, memoranda, letters and other documents, shall be turned over to CITY upon termination of this Agreement or upon PROJECT completion, whichever shall occur first. In the event this Agreement is terminated, said materials may be used by CITY in the completion of the PROJECT or as it otherwise sees fit. Title to said materials shall pass to CITY 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. 9. HOLD HARMLESS CONSULTANT shall protect, defend, indemnify and save hold harmless CITY, 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 Page 4 of 12 4rs_4-2000 Agree- Donahue R!_s 00-304 3!2R 00 • of or in connection with CONSULTANT's performance of this Agreement or its failure to comply with any of its obligations contained in this Agreement by CONSULTANT, its officers, agents or employees except such loss or damage which was caused by the sole negligence or willful misconduct of CITY. CITY shall be reimbursed by CONSULTANT for all costs and attorney's fees incurred by CITY in enforcing this obligation. 10. WORKERS' COMPENSATION INSURANCE Pursuant to California Labor Code Section I861, CONSULTANT acknowledges awareness of Section 3700 et seq. of said Code, which requires every employer to be insured against liability for workers' compensation; CONSULTANT covenants that it will comply with such provisions prior to commencing performance of the work hereunder; and shall indemnify, defend and hold harmless CITY from and against all claims, demands, payments, suit, actions, proceedings, and judgments of every nature and description, including attorney's fees and costs presented, brought or recovered against the CITY, 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. CONSULTANT shall maintain workers' compensation insurance in an amount of not less than One Hundred Thousand Dollars ($100,000) bodily injury by accident, each occurrence, One Hundred Thousand Dollars (S 100,000) bodily injury by disease, each employee, Two Hundred Fifty Thousand Dollars ($250,000) bodily injury by disease, policy limit. CONSULTANT shall require all subcontractors to provide such workers' compensation insurance for all of the subcontractors' employees. CONSULTANT shall furnish to CITY a certificate of waiver of subrogation under the terms of the workers' compensation insurance and CONSULTANT shall similarly require all subcontractors to waive subrogation. Page 5 of 12 4!ss 4-2000 -Agree: Donahue RLS 00-304 3/28000 i 11. GENERAL LIABILITY INSURANCE In addition to the workers' compensation insurance and CONSULTANT's covenant to indemnify CITY, CONSULTANT shall obtain and furnish to CITY, a policy of general public liability insurance, including motor vehicle coverage covering the PROJECT. The policy shall indemnify CONSULTANT, its officers, agents and employees, while acting within the scope of their duties, against any and all claims arising out of or in connection with the PROJECT, and shall provide coverage in not less than the following amount: combined single limit bodily injury and property damage, including products/completed operations liability and blanket contractual liability, of S1,000,000 per occurrence. If coverage is provided under a form which includes a designated general aggregate limit, the aggregate limit must be no less than $1,000,000 for this PROJECT. The policy shall name CITY, its agents, its officers, employees and volunteers as Additional Insureds, and shall specifically provide that any other insurance coverage which may be applicable to the PROJECT shall be deemed excess coverage and that CONSULTANT's insurance shall be primary. Under no circumstances shall the above -mentioned insurance contain a self -insured retention, or a "deductible" or any other similar form of limitation on the required coverage. 12. PROFESSIONAL LIABILITY INSURANCE CONSULTANT shall 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 provides that: A. The policy retroactive date coincides with or precedes the initiation of the scope of work (including subsequent policies purchased as renewals or replacements). Page 6 of 12 41s:42000 Agree: Donahue RLs 00-304 3 28:-'00 0 B. 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. C. If insurance is terminated for any reason, CONSULTANT agrees to purchase an extended reporting provision of at least two (2) years to report claims arising from work performed in connection with this Agreement. D. The reporting of circumstances or incidents that might give rise to future claims. 13. CERTIFICATES OF INSURANCE Prior to commencing performance of the work hereunder, CONSULTANT shall furnish to CITY certificates of insurance subject to approval of the City Attorney evidencing the foregoing insurance coverages as required by this Agreement; the 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 (30) days' prior written notice; however, ten (10) 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 CITY. The requirement for carrying the foregoing insurance coverages shall not derogate from the provisions for indemnification of CITY by CONSULTANT under the Agreement. CITY or its representative shall at all times have the right to demand the original or a copy of all said Page 7 of 12 $rsA-2000 Agree: Donahue KLS 00-304 3 2 R 00 policies of insurance. CONSULTANT shall pay, in a prompt and timely manner, the premiums on all insurance hereinabove required. 14. INDEPENDENT CONTRACTOR CONSULTANT is, and shall be, acting at all times in the performance of this Agreement as an independent contractor herein and not as an employee of the CITY. CONSULTANT shall secure at its expense, and be responsible for any and all payment of all taxes, social security, state disability insurance 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. 15. TERMINATION OF AGREEMENT All work required hereunder shall be performed in a good and workmanlike manner. CITY may terminate CONSULTANT's services hereunder at any time with or without cause, and whether or not PROJECT is fully complete. Any termination of this Agreement by CITY shall be made in writing, notice of which shall be delivered to CONSULTANT as provided herein. In the event of termination, all finished and unfinished documents, exhibits, report, and evidence shall, at the option of the CITY, become its property and shall be delivered to it by CONSULTANT. 16. 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 express written consent of CITY. 17. COPYRIGHTS/PATENTS CITY shall own all rights to any patent or copyright on any work, item or material produced as a result of this Agreement. Page 8 of 12 4.'S:4-2000 :agree: D011ahue RLS 00-304 v 3128100 18. CITY EMPLOYEES AND OFFICIALS CONSULTANT shall employ no CITY official nor any regular CITY employee in the work performed pursuant to this Agreement. No officer or employee of CITY shall have any financial interest in this Agreement in violation of the applicable provisions of the California Government Code. 19. NOTICES Any notice or special instructions required to be given in writing under this Agreement shall be given either by personal delivery to CONSULTANT's agent (as designated in Section 1 hereinabove) or to CITY's Director of Economic Development as the situation 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 CITY: Director of Economic Development City of Huntington Beach 2000 Main Street Huntington Beach, CA 92648 20. MODIFICATION TO CONSULTANT: Barbara L. Zachary, MAI 23 Corporate Plaza Drive, Suite 160 Newport Beach, CA 92660-7942 No waiver or modification of any language in this Agreement shall be valid unless in writing and duly executed by both parties. Page 9 of 12 4 s:4-2000 Agree: Donahue RLS 00-304 3!28!00 21. CAPTIONS Captions of the sections of this Agreement are for convenience and reference only, and the words contained therein shall in no way be held to explain, modify, amplify or aid in the interpretation, construction or meaning of the provisions of this Agreement 22. SECTION HEADINGS. The titles, captions, section, paragraph, subject headings and descriptive phrases at the beginning of the various sections in this Agreement are merely descriptive and are included solely for convenience of reference only and are not representative of maters included or excluded from such provisions, and do not interpret, define, limit or describe, or construe the intent of the parties or affect the construction or interpretation of any provision of this Agreement. 23. INTERPRETATION OF THIS AGREEMENT The language of all parts of this Agreement shall in all cases be construed as a whole, according to its fair meaning, and not strictly for or against any of the parties. If any provision of this Agreement is held by an arbitrator or court of competent jurisdiction to be unenforceable, void, illegal or invalid or affect the remaining covenants and provisions of this Agreement. No covenant or provision shall be deemed dependent upon any other unless so expressly provided here. As used in this Agreement, the masculine or neuter gender and singular or plural number shall be deemed to include the other whenever the context so indicates or requires. Nothing contained herein shall be construed so as to require the commission of any act contrary to law, and wherever there is any conflict between any provision contained herein and any present or future statute, law, ordinance or regulation contrary to which the parties have no right to contract, then the latter shall prevail, and the provision of this Agreement which is hereby affected shall be curtailed and limited only to the extent necessary to bring it within the requirements of the law. Page 10 of 12 4A:4-2000 Agree: Donahue RLS 00-304 3 2R00 24. DUPLICATE ORIGINAL The original of this Agreement and one or more copies hereto have been prepared and signed in counterparts as duplicate originals, each of which so executed shall, irrespective of the date of its execution and delivery, be deemed an original. Each of the parties hereto shall retain an originally signed copy hereof. Each duplicate original shall be deemed an original instrument as against any party who has signed it. 25. IMMIGRATION 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. 26. LEGAL SERVICES SUBCONTRACTING PROHIBITED CONSULTANT and CITY agree that CITY 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 CITY; and CITY shall not be liable for payment of any legal services expenses incurred by CONSULTANT. 27. ATTORNEY'S FEES In the event suit is brought by either party to enforce the terms and provisions of this Agreement or to secure the performance hereof, each party shall bear its own attorney's fees. 28. ENTIRETY The Agreement contains the entire agreement between the parties respecting the subject matter of this Agreement and supercedes all prior understanding and agreements whether Page 11 of 12 4 s:4-2000 Agree- Ihl :ALIC RLS 00-304 3'2800 oral or in writing. 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. CONSULTANT CITY OF HUNTPVGTON BEACH, a DONOHUE & COMPANY, a municipal corporation of the State of California California corporation BY: • LI .ti � A•tp 66. print na e ITS: (circle on Chairman'Pres : Vice President AND BY m " LT;9Ny« F GJ'?CK60— print name ITS: (circle one) Secretary: Chief Financial Officer..'Asst. Sccretary —Treasurer City 9Cdministrator APPROVED AS TO FORM: City Attorney huj 5i31 oo INITIATF,D, REVIEWED AND APPROVED: Director of Econonfic-Development Page 12 of 12 4 s:-:-2000 Agree: Donahue RI-'; 00-30 3 3 18.00 • 0 0 DONAHUE @ COMPANY, INC. PROPERTY AND URBAN ECONOMICS 23 CORPORATE PLAZA DRIVE JO.4N C. DONAr JE, MAI SUITE 160 KEVIN J. DON''AaUc NEWPORT BEACH. CALIFORNIA 92GGO-7942 HAReARA L_ ZACHPY, MAI 15YONCv e-i_ HAWRAN, MAI DANIEL A_ _I..KCS JAMES C MALM Mr. Gustovo A. Duran Housing and Redevelopment Manager City of Huntington Beach Department of Economic Development 2000 Main Street. Huntington Beach, California 92648 Dear Mr. Duran, March 21, 2000 TELEPHONES: (9491 76O-a laei (BOOT 734-0074 FACSI M! LE: 19491 760-5496 v,,ww.donahueco.com Re: Appraisal Services Proposal, 7777 Edinger Avenue, Hu:,w it ►on Beach, California Proposal No. 4956 In response to your correspondence dated March 10, 2000, I am pleased to submit this proposal for acquisition appraisal services related to the above referenced real property. The.subject property is identified as the existing Montgomery Wards Department Store and pad site, inclusive of the automotive service building, being a portion only of the existing Huntington Center mall project. The second portion of the subject property is identified as the existing leasehold of the `Burlington Coat Factory" tenant occupancy located in one of the anchor store spaces of the Huntington Beach Center. The Montgomery Wards property was subject to my previous acquisition appraisal report submitted to the Agency in February 1998. As understood, the Agency requires a current acquisition appraisal report addressing the fair market value of the Montgomery Wards buildings and land site as well as an analysis and valuation of any bonus leasehold interest which may exist subject to the exiting lease by and between MCA Huntington Associates, L.P. and Burlington Cost Factory Warehouse, dated April 28, 1995. It is anticipated that the valuation approaches will include a direct sales comparison analysis, "as vacant" and "as improved" and Income Capitalization. As noted, the valuation will address value under assumptions of highest and best use. It is assumed that the Agency will retain, by separate contract, a fixtures and equipment appraiser and/or business valuation appraiser to assist in the larger project, if necessary. We propose to thoroughly investigate the subject properties, and their relevant markets, and to prepare a summary narrative valuation report in keeping with Uniform Standards of Professional Practice and Code of Ethics of the Appraisal Institute, the Uniform RECEIVED r R 2 4 2000 DIEPART MEN I -OF ECONOo ARC DEVr--LOPNAC-NT • • Mr. Gustavo A. Duran -2- March 21, 2000 Acquisition and Relocation Assistance Policies Act and applicable Eminent Domain Law. The report will be bound as one appraisal report and submitted in triplicate, unless otherwise stipulated by the Agency. In the research investigation phase of this assignment, we will request certain relevant information from the City of Huntington Beach. This would include title reports, if available, and access to relevant planning and building information which may be held in City files for the property. It is also hoped that the current ownership of the greater Huntington Beach Center will cooperate with the disclosure of requested operating income and expense information related to the Burlington Coat Factory occupancy, as well as the potential need of supporting financing information related to the greater mall project. Our services fee is proposed to address two potential contingencies. Without current study of the subject's specific market, it is unclear whether or not there has been a sufficient change in overall market conditions and transactional activity to establish the necessity of an entirely new appraisal document, rather than an appraisal "update" document. In the event that the Montgomery Wards ownership can be appraised on the basis of an appraisal "update", our services fee is proposed at 516,000. This assumption would require the re -inspection of the subject Montgomery Wards property, as well as the initial inspection of the Burlington Coat Factory building. Should study of both transactional market activity and market conditions indicate that the Montgomery Wards property warrants total re -appraisal, to include the possibility of valuation "as improved", under assumption of highest and best use, our services fee is proposed in the lump sum fee not to exceed $$20,000. The Agency would be advised immediately upon precise appraisal determination of the required _scope of work. Services fees would be payable upon delivery of the report. The work will be undertaken by Barbara L. Zachry, MM, with certain assistance from the research staff of Donahue & Company. Given my current workload and pending trial .matters, and assuming the prompt cooperation of the respective ownerships, I would anticipate delivery of the report within approximately 10 - 12 weeks of your authorization to proceed, or receipt of official contract, whichever is indicated by the client. Should the terms of this proposal be acceptable, please sign the acceptance below and return the original to our offices. This will constitute the terms of our agreement and authorization to proceed. ` Mr. Gustavo A. Duran -3- March 21, 2000 Thank you for this opportunity to be considered for your current valuation requirements. Very truly yours, DONAHUE & COMPANY, INC. 6/ 11 C-tCL "� /- j 6-(-- Brbara L. Gachry, _ AI attachment • • Mr. Gustavo A, Duran -4- March 21, 2000 PROPOSAL ACCEPTANCE: Proposal 4956, Montgomery Wards site and Burlington Coat Factory leasehold, 7777 Edinger Avenue, Huntington Beach BY TITLE DATE n H 0 PREPARATION OF CONTRACT FORM SUBMIT WITH THE REQUEST FOR LEGAL SERVICES (RLS) DEPARTMENT OF ECONOMIC DEVELOPMENT 1. Name of contracting party: Donahue & Company, Inc. 2. Capacity of contracting party (check one) and the persons authorized to sign the contract: ❑ (a) Sole proprietor -- Owner Signs �1 (b) Corporation -- President/Vice President and Secretary OR Treasurer OR copy of the Authorizing Action of the Board of Directors ❑ (c) General partnership -- One or more of the general partners [j (d) Limited partnership -- One or more of the general partners ❑ (e) Other: 3. Purpose of Agreement: Prepare real estate appraisal to determine market value of the Montaomev Wards Store in and the Burlington Coat Factory Store lease at the Huntington Center 4. Who will sign the Agreement (see capacity of contracting party, #2 above): 1. For the Contractor [give names) & titleisll: a) Barbara L. Zachry. MAI b) II. Check the anorouriate legal entitv. authorized sivnanires_ and titles: ❑ REDEVELOPMENT AGENCY CITY OF HUNTINGTON BEACH ❑ Dave Garofolo ❑ Chairman ❑ Ma or ❑ Ray Silver ❑Executive Director ❑ City Administrator ❑ David C. Biggs ® Economic Development Director Economic Development Director ® Responsible Department Head (Who will administer the Name: work, i.e., Public Works C mrnlinity Services ® . Gail Hutton ®Agency Counsel ❑City Attorney ❑ Agency Special Counsel Signature Block (for contracts prepared by same) ❑ Connie Brockway ❑ Agency Clerk Signature Block ❑City Clerk Signature Bloch 3. The duration of the Agreement (give # j Months Years ❑ until 12 weeks. 6. The consideration for the Agreement (who pays whom for how much): The Redevelopment Agency of the City of to Donahue & Company $20,000 7. Payments are to be made (check one): ❑ All in advance ® All in arrears ❑ Progress Payments G:11�Zra 1ow\CotitI]otialute.doc 8. Have the procurement ordinances and charter provisions have been complied with? ®Yes ❑No If no, explain: 9. What special risk to the city is involved in this agreement? ❑ Food & Beverages Served ❑ Construction Work ❑ Motor vehicles used ❑ Maintenance Work ® None ❑ Unknown 10. What is the latest this assignment can be completed by the City Attorney to meet your deadline? 4/8/ 2000 11. The other party desires the city to provide indemnification. [' Yes ® No 12. The other party is aware of the city's insurance requirements, i.e., worker's compensation, insurance and the indemnity (hold harmless) agreement. Z Yes ❑ No 13. The contact person for the contractor is: Name & Title: Barbara L. Zaehry, MAI Address: 23 Corprate Plaza Dr., Suite 160 Newport„ Beach, CA 92660-7942 Phone: (9491760-3166 14. A work statement is attached as the "Scope of Services". ® Yes ❑ No 15. The billing rates are attached. ® Yes ❑ No 16. Check where applicable: ❑ There are no federal or state funds involved. ❑ Federal Funds are involved: Community Development Block Grant ❑ State funds are involved ® Other Redevelopment Agencv funds Staff Contact: Duran Ext: 1529 Department Head Approval_ XC: Date: 3 G:liizralow\ContDonahuc.doc DONAHUE 8 COMPANY, INC. PROPERTY AND URBAN ECONOMICS 23 CORPORATE PLAZA DRIVE JOHN C. DONAHUE, MAI SUITF 160 KEVIN J. DONAHUE NEWPORT BEACH. CALIFORNIA 92660-7942 BARBARA L. ZACHRY, MAI SYDNEY H. HAWRAN, MAI DANIEL A_ LUKE5 JAMES C. MALM Mr. Gustovo A. Duran Housing and Redevelopment Manager City of Huntington Beach Department of Economic Development 2000 Main Street Huntington Beach, California 92648 Dear Mr. Duran, March 21, 2000 TELEPHONES: (949) 760-3166 (800) 734-0074 FACSI M i LE: 1949) 760-5496 www.donahuer_a.com Re: Appraisal Services Proposal, 7777 Edinger Avenue, Huntington Beach, California Proposal No. 4956 In response to your correspondence dated March 10, 2000, 1 am pleased to submit this proposal for acquisition appraisal services related to the above referenced real property. The subject property is identified as the existing Montgomery Wards Department Store and pad site, inclusive of the automotive service building, being a portion only of the existing Huntington Center mall project. The second portion of the subject property is identified as the existing leasehold of the "Burlington Coat Factory" tenant occupancy located in one of the anchor store spaces of the Huntington Beach Center, The Montgomery Wards property was subject to my previous acquisition appraisal report submitted to the Agency in February 1999. As understood, the Agency requires a current acquisition appraisal report addressing the fair market value of the Montgomery Wards buildings and land site as well as an analysis and valuation of any bonus leasehold interest which may exist subject to the exiting lease by and between FICA Huntington Associates, L.P. and Burlington Cost Factory Warehouse, dated April 28, 1995. It is anticipated that the valuation approaches will include a direct sales comparison analysis, "as vacant" and "as improved" and Income Capitalization. As noted, the valuation will address value under assumptions of highest and best use. It is assumed that the Agency will retain, by separate contract, a fixtures and equipment appraiser and/or business valuation appraiser to assist in the larger project, if necessary. We propose to thoroughly investigate the subject properties, and their relevant markets, and to prepare a summary narrative valuation report in keeping with Uniform Standards of Professional Practice and Code of Ethics of the Appraisal institute, the Uniform REECEIVED 2 .1 ?000 OF.FART N!Ctd1- OF r.c%Ir_I npF.aPHT Mr. Gustavo A. Duran , -2- March 21, 2000 Acquisition and Relocation Assistance Policies Act and applicable Eminent Domain Law. The report will be bound as one appraisal report and submitted in triplicate, unless otherwise stipulated by the Agency. In the research, investigation phase of this assignment, we will request certain relevant information from the City of Huntington Beach. This would include title reports, if available, and access to relevant planning and building information which may be held in City files for the property. It is also hoped that the current ownership of the greater Huntington Beach Center will cooperate with the disclosure of requested operating income and expense information related to the Burlington Coat Factory occupancy, as well as the potential need of supporting financing information related to the greater mall project. Our sen4ces fee is proposed to address hvo potential contingencies. Without current study of the subject's specific market, it is unclear whether or not there has been a sufficient change in overall market conditions and transactional activity to establish the necessity of an entirely new appraisal document, rather than an appraisal "update" document. In the event that the Montgomery Wards ownership can be appraised on the basis of an appraisal "update", our services fee is proposed at $16,000. This assumption would require the re -inspection of the subject Montgomery Wards property, as well as the initial inspection of the Burlington Coat Factory building. Should study of both transactional market activity and market conditions indicate that 'the Montgomery Wards property warrants total re -appraisal, to include the possibility of valuation "as improved", under assumption of highest and best use, our services fee is proposed in the lump sum fee not to exceed $20,000. The �_ cy would be advised ,immediately upon precise appraisal determination of the required scope of work. Services fees would be payable upon delivery of the report. 'The work will be undertaken by Barbara L. Zachry, MAI, with certain assistance from the research staff of Donahue & Company. Given my current workload and pending trial matters, and assuming the prompt cooperation of the respective ownerships, I would anticipate delivery of the report within approximately 10 - 12 weeks of your authorization to proceed, or receipt of official contract, whichever is indicated by the client. Should the terms of this proposal be acceptable, please sign the acceptance below and return the original to our offices, This will constitute the terms of our agreement and authorization to proceed. Mr. Gustavo A. Duran -3- March 21, 2000 Thank you for this opportunity to be considered for your current valuation requirements. Very truly yours, DONAHUE & COMPANY, INC. �l �CIa- � . j LGL. Barbara L. Lachry, 1`7_F1I attachment • Mr. Gustavo A. Duran -4- March 21, 2000 PROPOSAL ACCEPTANCE: Proposal 4956, Montgomery Wards site and Burlington Coat Factory leasehold, 7777 Edinger Avenue, Huntington Beach BY TITLE DATE CITY OF HUNTINGTON BEACH APPLICATION FOR INSURANCE REQUIREMENTS WAIVER OR MODIFICATION 1. Name/Title/Department of Requesting Staff Member. Chd a MLnn(Jnza4nfrSper-/Ri sk Mgmi- 2. Date of Request 5/17/00 3. Name of Contractor/Perminee 4. Description of work to be performed Acquisitifto2 appraisal related to an existing department building/store acid a tenant leasehold 5. Value of Contract 6. Length of Contract 7. Type of Insurance Waiver or Modification Requested: Erofessiongl Liability deductible --(SCOPE) $500 (a) Limits: $l� , 000, 000 _ , (b) Coverage _ Prof-, Li abi 1 i ty Tns _ 8. Have you contacted Risk Management to determine if professional liability coverage is available through SCOPE' Yes, using SCOPE 4. Reason for Request for Waiver or Reduction of Limits Unable to comply with City's zero deductible requireMat. 10. Identify the risks to the City if this request for waiver or modifications granted _ Nonp./ Department Head Signature (This section to be completed by Risk rWanager) Recommendation: Approve Deny Risk Manager's Signature/Date ! Recommendation: Approve City Artornev's Signature/Dat (This section to be completed by City Aitornev) j. 5 / I& / oc Settlement Committee approval {7j lis not] required for this waiver. If Settlement Committee approval is required. submit this form to City Attorney's Office to be placed on the agenda. Recommendation: Approve Deny_ City.Council approval [is not] required for this waiver. If City Council approval is required, attach this form to the RCA after consideration by the Settlement Committee. This insurance waiver [is nor] on City ouncil agenda. Reviewer's initials: 5 j l 91_ GU jmp/misrinswaiveri3/; 4io0 APR-14-2000 14:28 • CITY OF HB • 714 375 5087 P.02i02 SCOPE Consultants Professional Liability Application, Classes V, & VI CLIY OF: Huntington Beach, Department of Economic Development L Consultants name Donahue_ & Co., Inc. — - - If an organization, provide contact name RPvi n .y nctnnh» t? 2. Address 23 Corporate Plaza Suite 160 3. CityNesaport Beach State CA Zip 92660 Phone ( 949) 760-3166 2-00 4. Date of Project S i uc �;c r� T� I�.L Opening & Closing Hours S. Location of Project �7-� 1 �`�• CA 6. Descrivtion of Froiect {} G ice! i /� C� A/�r" !Lc 'S l� .� �� �a . [.L -�V ! t 7. What is applicant's current involvement and past experience with this type of project? eXperielice workingwith similar ro ects. 8, Estimated cost for this project A-.!/)r ar Su 1 uc ti '� r Gcr.�i` . 4 ZG; N),/) 14-A 1 01I-ur 1i. 9. Total Anticipated Receipts C %c' '.!j c_Cr -� Z '� GCE% 10. Name of Additional Insureds, if any Relationship to Tenant/User 11 Present or previous insurance carrier: None 12. Has any insurance carrier canceled or refused coverage? No-- If yes, explain 13. Previous Losses None 14. Attach a diagram of facility/location indicating emergency exits. I hereby warrant and confirm that the above information, to the best of my knowledge, is true and correct, and further certify that I have read all of the questions and answers on this application. I UNDERSTAND THIS APPLICA71ON I3 A REQUIRE1ViO i FOR COVERAGE, A PART OF THE CONTRACT, AND EVIDENCE OF MY-ACCEPi'ANCE OF THIS INSURANCE, AND ANY FALSIFICATION OR MISREPRESHNTATION WILL BE DEM4ED A BREACH OF CONTRACT, VOIDING ALL INSURANCE COVERAGE. It is understood and agreed that the completion of this application shall not be binding either to the proposed insured or to the Scottsdale Insurance Com any until accepted by the Company in writing. Consultants Signature 4-18 -0 0 Title Vice President FhoneNumber ( 949) 760-3166 Quote: Class V, VI (circle one) Premium: Quotation Number Class Coverage Option and Limit 1/1,1/2 (circle one) Limit. City's Signature Date 06/25/99 -34- TnTnr 0 a7 O�ff27/Cr0 16:20 FAX 415 A95 Bb AonRiskServices Z001 U0 � 1 70 - TIA M FACStMXZE DATE: 04/27/00 2:14 PM TO: CHUSTI MENDOZA / RISK MANAGEMENT Fax #: 714-374-1597 City: City of Huntington Beach FROM: Alexsis Stanton Fax #: 415-495-6860 Phone: 415-512-5801 RE: SCOPE - Donahue & Co., Inc. Pages_ 1 Including Cover Message: Lion .Risk Services Christi, The cost for the SCOPE professional liability policy will be $350.00. If this price is accepted, please fax me a copy of the certificate. If you have questions, or we may further service you please contact me at the office. Thank you Cordially, Aon Risk Services Alexsis Stanton Tulip Administrator (415)-512-5801 COi MDENTTALITY NOTICE: The mucrizla enclosed wa this CwAimile transmission we private and Wnfidcn'ial and see the propert:i o: the sender. The infermabon eantainod in the rawnial is privileged and 11 untended only for the use of the indlvidual(s) at cnrity(ies) nartled above. If yoy Are not the intended recipictt>; he advised that any unauthorized disclosure, copying. distrihutioti or taking of uny action in reliance an dic contents of this telecopicd informntinr, is snicdy prohibited. Wyou have received this facsimile transmission in error. phase immediately notit} w by w1cphone to Arrange for reuun ofthe forwaMcd documeau to as. ,ton Risk&rvlee; fro. afNorrhcrx California i=rmue Servicrt - License #0363334 Forrmrly Rollins Hudig Rall of Northern Cahfornla, Inc Insurnnce &rvlew One Marko, Sptw Toucr, Suitt 2100, Sm Fran-isco, Crdifornia 94105 - tel: (415) 543-9360 - fax- (415) 543-5628 i CERTIFICATE OF.INSURANCE--COV] FRODUaR: PUBLIC Eiv'ITIY (ADDITIONAL NSURED) AON Risk Services, Inc., of Northern, California Big Independent Cities Excess Pool Insurance Services City of Huntington Beach One Market, Spear Tower, Suite 2101 San Francisco, CA. 94105 115) 543-9350 City of, .. Huntin ton Beach NAMED INSURED (EVM,,rr HOLDER): PROJECT/JOB INFORMATION: Donahue & Co., Inc. Type: ❑rnfegai nnal Z.1.Zhi 1 j t;W Class: if 7777 Edinger Avenue Date{s): ma�rlrune I'pnn Huntington Beach, California _ Project Descripdo- M Accruisition aAprais .existing bldgltg ai nt_ leasehold Name of Project _ Appraisal Services I'=Uum: Add•;zonal : ees and ?axes This is to certify that the ponces of insurance listed below have been issued to the insured named above for the policy period indicated. Notwithstanding any requirements, tests or conditions or any contract or other document with respect to which this certificate may be issued at may pertain, the insurance -afforded by t' a policies described baerein is subject :o a1 the terms, exclusions and conditions of such policies. WSUFANCE CART] EM Evanston Insurance Company yiASTER POLICY -NUMBER:: " EO80275�; MA-5' 1'ER POLICY DATES: wFFZ-=E: [LuLY ",_1999 EXPUZATION: N:.Y 1, 2000 mom a.m. Pacific Standard Tiqte 12:01 aan. Pacific Standard Time PROFESSIONAL LIABILITY General Aggregate Liability S1,000,000 Per eadh protect or consv:ting contract Each Occurrence Limit 51,000,000 Deductible: Per Clan;. S 500 Coverage is pri xtary and not contributing with any insurance maintained by an additional insured. T:.e li:rits of insurance apply separately to each contract/project insured by this policy as if a separate policy of im--n -ce has been issued for that project and/or contract. It is understood and agreed that the Certificate Holder :s an Additional Insured, but only as respects its liabi:i arising out of the activities of the Named Insured. OTI-ETER ADDITIONAL WSUIRLED _IR ADOI T TONAL Ir;SURr'. CANCELLATION: Should Ehe above described policy be canceled befare the expiration date t1hereof, the ; issuing company will mail 30 days written notice =o the ce&-,Rcate hclder and additional insureds listed. AUTHOR7.ZED REPRESENTAITVE: 1 C_V Aon Risk Services • 4:}. :<.:h �` - r. r: rr' .r-�,�:: .rRw.. PRODUCER W� sv. r�s: k, K:•S,`. „ :5,:»:. : `:� .E Y:} � S} ` w DATE (MMIDOIYY) 0 2 / 0 3 / 2 0 0 0 . THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE Pitman Insurance Associates HOLDER. THIS CERTIFICATE DOES NOT AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW, 24822 Jeronimo Lane COMPANIES AFFORDING COVERAGE Lake Forest, CA 92630 COMPANY (949)455-1866 (949)707-1670 A HIH AMERICA COMPENSATION SHSURED COMPANY DONAHUE & COMPANY, INC. B 23 CORPORATE PLAZA DRIVE COMPANY SUITE 160 C NEWPORT BEACH, CA 92660 COMPANY (949)760-3166 D `r}rk, "'Qv ^.rt.. `r . Y•",;.,,,.,,,>u,c ,:K:.-t.`.,,- .i's."t.:k:^:'^..::}$::Yt , .4:. :t: S"'ar,. ..,Y.`.+: vRJ.^5: �t"i'o.: .�^i.. tk Via, �...z; �.,::y,},. �:,. } .c - C:?£<r�,4" .,.,.�;:` y �':}S:•Y :KY:,,..i�:'-'k:S:,,, : ``\�,�` " rrY. „ ,._ w:k �}.. ,.. .,;:L.,,. S ,. L. �,. , ,: ;S ._ t•. k€:." 3.'�`�, ,; •� , �} „ +:iS., :..r..t,.4 ;::}i.x}... .;+., ',V;rA\. ,, nii,...}.. "4 y2h, `�k`�k-4 kk .c }-`f: -.. ohfii . . �t'�b , \ }2'. � �.k'�} � }.k ' }5.,,,, M: },:.,}`. "},r':.k`�` � � Y. 4 .r.�"tr.,•�-.,,..h� Xa. Crntbb'a;..R:.iaY 2A'`' \ti�•.4;:.i y,S.,'`�\'v2k`.i:2�Y:.:4::.t'�Y.`ti•. k.`�tSi,S.Ya::v::YG2b:;v.,,...,kA`2:4kc°.'�:;:..,,,:.,�::tk'w:S R::&:::,,.,.,.;4.'�:+fiLa+...L.2w"�::r:.�:.�b�::�YA�r..,t:,..t�Y:4kt:.w`..�xt;�cas:;::Y,..,w.,..,S,w"`at."v":¢: THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAPAED ABOVE FOR THE POLICY PERIOD INDICATED, NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. CO LTA TYPE OF INSURANCE POLICYNUMBER POUCYEFFECTIVE DATE (MMIDDMY) POLICY EXPIRATION DATE (MMIDONY) LIMITS GENERAL LIABILITY BODILY INJURY OCC f BODILY INJURY AGO $ COMPREHENSIVE FORM PROPERTY DAMAGE OCC f PREMISESIOPERATIONS UNDERGROUND EXPLOSION & COLLAPSE HAZARD PROPERTY DAMAGE AGO f BI & PD COMBINED OCC S PRODUCTSICOMPLETED OPER BI & PD COMBINED AGG $ CONTRACTUAL PERSONAL INJURY AGO $ INDEPENDENT CONTRACTORS BROAD FORM PROPERTY DAMAGE PERSONAL INJURY AUTOMOBILE LIABILITY ANY AUTO BODriY INJURY (Per person) S ALL OWNED AUTOS (Pwate Pave) ALL OWNED AUTOS (Other than PrIvate Passenger) BODILY INJURY (Per attiCent] f HIRED AUTOS I HON-0OWNED AUTOS PROPERTY DAMAGE f GARAGE LIABILITY I BODILY INJURY A PROPERTY DAMAGE f COMBINED EXCESS LIABILITY EACH OCCURRENCE f AGGREGATE f UMBRELLAFORM f OTHER THAN UMBRELLA FORM WORKERS COMPENSATION AND EMPLOYERS!LIABILITYI X TORY LIMIT$ ER :: o ?........z. EL EACH ACCIDENT is, 00a, 000 A THE PROPRIETOR! INCL PARTNERSJFJ(ECUTIVE OFFICERSARE: RXML C001103901 07/01/99 07/01/00 EL DISEASE - POLICY LIMIT , S1,000,000 EL DISEASE -FA EMPLOYEE f1 000 Ir 000 I I OTHER Nt11rGM P I ■ N OF UMMA I K•1FMLUGA I IUMWVENIGLt5l3n lAL tTEM'.r City Of Huntington Beach Risk Management Division 2000 Main Street Huntington Beach CA 92648 f16kc-i SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, THE ISSUING COMPANY WILL 4t40008NO MAIL 30 _ DAYS WRITTEN NOTICE TO THE CERTIFICATE HOLDER NAMED TO THE LEFT, 9EPRESENTATIVE T • — T ' CORD CERTIFI E OF LIABILITY INS ANCgID TA DarE(MMlnom) -A ON23-2 04/12/00 PRODUCER THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ISU/HW ordan & Associates Inc ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE License ­# 0658771 HOLDER. THIS CERTIFICATE DOES NOT AMEND, EXTEND OR 3 C5rporate Park, Suite 260 ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. Irvine CA 92606 Phone: 949-474-9919 Fax: Fax: 474-0157 INSURERS AFFORDING COVERAGE INSURED INSURER A: Hartford Insurance Group INSURER B: Donahue & Company INSURER C' 23 Co orate Plaza Drive #160 INSURERD: Newport Beach CA 92660 -- INSURER E: COVERAGES THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN. THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN 15 SUBJECT TO ALL THE TERMS. EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. AGGREGATE LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIIV.S. INSH LTR ION TYPE OF INSURANCE POLICY NUMBER DATE MMIDDIYY DATE MM1DYE!FFECTIVE POLICY nlYY LIMITS GENERAL LIABILITY I EACH OCCURRENCE $2 , 000 , 0 00 A X1 COMMERCIAL GENERAL LIABILfTY I 72SBARG1351 02/10/00 02/10/01 FIRE DAMAGE (Any one fire) a 300,000 CLAIMS 1,9ADE C' OCCUR MED EXP (Any one person) $ 10,00 PERSONAL & ADV INJURY - _ $ 2 , 00 0 , 00 O GENERAL AGGREGATE 1$ 4 , 00 0 , OO D PRODUCTS -COMPIOP AGG $ 4 , 000 , 00O HGE.L &GGREGATEUMCf APPLIES PER'. I I h- PRO- ' LOC POLICY ' ': JECT I AUTOMOBILE LIABILITY D CSNG_ELIMI- 1,ODO ODD A R ANY AUTO 72UECGN5208 02/10/00 (Eaaaccid accident) � 02/10/03. ALL OWNED AUTOS BODILY INJURY 5 SCHEDULED AUTOS (Per person} HIRED AUTOS BODILY 04JURY : 5 ` NON -OWNED ALrTO$ (Per ectiden:) II I PROPERTY DAMAGE S (Par accident) GARAGE LIABILITY AUTO ONLY - EA ACCIDENT $ OTHER THAN EA ACC $ ANY AUTO S I AUTO ONLY: AGG EXCESS LIABILITY EACH OCCURRENCE S I ' OCCUR F� CLAIMS MACE it-P 'R`L VED AS+ TO 7-fORV. AGGREGATE S DEDUCTIBLE RETENTION $ WORKERS COMPENSATION AND EMPLOYERS' LIABILITY - TORY LIM175 ER ' _ �y E L. EACH ACCIDENT 5 - E-L- D:SEA•SE - EA EMPLOY[_%.c ' E-L- DISEASE - POLICY LIMB I S OTHER I DESCRIPTION OF OPERATIONS(LOCATIONS/VEHICLESIEXCLUSIONS ADDED BY ENDORSEMENTISPECIAL PROVISIONS Real Estate - 10 days notice of cancellation for non payment. Redevelopment Agency Of The City Of Huntington Beach, the City Of Huntington Beach it's Agents, Officers And Employees are named as additional insured. (: r-K I IYIL:A It: MULLMM I N I ADDITIONAL INSIIKCU; LNSURUK Will IEK: 4AIY6tLLA I IUN CI TYH-1 SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, THE ISSUING INSURER WILLRIL 30 DAYS WRITTEN Redevelopment Agency Of The NOTICE TO THE CERTIFICATE HOLDER NAMED TO THE LEFT _ _ City Of Huntington Beach It's Agents, Officers & Employees 2000 Main Street R661111100111060— Huntington Beach CA 92648 t ) ACORD 26-S 0 1988 Donahue & Company 02/10/0002/10/01 POLICY NUMBER: 72SBAKG1351 COMMERCIAL GENERAL LIABILITY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. ADDITIONAL INSURED - DESIGNATED PERSON OR ORGANIZATION This endorsement modifies insurance provided under the following: COM- INMRCIAL GENERAL LIABILITY COVERAGE PART SCHEDULE Name of Person or Organization: Redevelopemt Agency- Of The City Of Huntington Beach, The City Of Huntington Beach it's agents, Officers And Employees 2000 Main Street Huntington Beach, Ca. 92648 (If no entry appears above, information required to complete this endorsement will be shown in the Declarations as applicable to this endorsement.) NX'HO IS AN INSURED (Section II) is amended to include as an insured the person or organization shown in the Schedule as an insured but only with respect liability arising out of your operations or premises owned by or rented to you. THIS ENDORSEMENT EXPIRES ON: 2110I01 CG 20 26 1185 Copyright, Insurance Services Office, Inc., 1984 F 10oc cFOR10-ET.AIPERSON-RTF