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HomeMy WebLinkAboutHOWARD P. SHELTON, INC - 1986-10-06 CITY OF HUNTINGTON BEACH INTER-DEPARTMENT COMMUNICATIO HUNIINGION BEACH To INSURANCE & BENE^ITS From ARTHUR DE LA LOZA Deputy City Attorney Subject HOWARD P. SHELTON, INC. Pate May 4, 1987 Please advise if the cancellation clause in the attached ce..tificate re: the above has been amended per the require- ments of AR-214. If not, kindly process. A.DL:Ds Attachment cc: City Clerk Redevelonment ;-tifi-cate of Insurancqft COMPANIES AFFORDING COVERAGES ARCAL INSURANCE SERvICES, INC. 1450 E. 17TH STREET, SUITE 200 11N-LT-F-7— SANTA ANP, CA 92701 _ HOWARD P. INC. & JOHN MARTIN—Hf RVEY t• - 17291 IRVINE BLVD. , SUITE 314 TUST I N, CA 9268C t — E ms s•c.er.w._3,oo..ces�f ^s_•3- ste^_:e•c»-_. ._ - 'e -s. -a^• - -_. : a• _'^ a• \ _s•a^r^F. •er-• .,.a c• Of am CG"•ac•_ o-rer ooc..ae^ esoec• - •� ^ - _ s -a.:e ss. . ^er ^ s s„ofe<rto e, •er^s eic S•C^s 3no conpit.C'5 5-c-DG.ces L m is of Luodrty in',housanasi 006. i 3EhERAL LfABIUTv 1 _ s A �► _ BUG41 140—itc c:12/10/88 --X -- - 1, o(:)(.1 Si, 0001 —x 11, 000, -EXCESS OAS— j .._- _ VpE..S-.- Jti a '^c THE INSURER A6RE lY MOFF MH N I i Nb I LIN et IT.S, CITY COUNCIL, AN/OR At CITY COUNCIL APPOINTED GROUPS, COMMITTEES COMMISSIONS, BOARDS AND ANY OTHER C, COUNCIL APPOINTED BODY, AN/OR ELECTIVE & APOINTIVE OFFICERS SERVANTS OR EMPLOYEES OF THE CITY OF HUNTINGTON BEACH, WHEN ACTING AS SUCH ARE �SUR-DE FOR THE ACTS OF THE INGII ED _ C.ance!lation/Soc.a r ^r aoo. . De: ,;C _ -. 0- eC EXCEPT FOR NON—PAYMENT OF PREMIUM WHICH PROVIDES 10 D,'aYS NOTICE. T. 01/20/87 kmg ATTN: CONNIE BROCKWA , CITY CLEARKS OFF"IC � r� %,--- CITY OF HUNTINGTON BEACH 1'_! 20t1t� MAIN STREET '(e,y HUN-IPGTON BEACH, CA 92648 KARL;: GENEL, ACCOUNT ASSISTANT J� a CITY OF HUNVINGTON BEACH /. INTER-DEPARTMENT COMMUNICATLO � ! HUNTINGTCN VACH N 644•, �� TO INSURANCE & BENEFITS From ARTHUR DE LA LOZA Deputy City Attorney Subject HOWARD Y. SHELTON, INC. Cate May 4, 1987 Please advise if the cancellation clause in the attached certi-icate re: the above has been amended per the require- ments of AR•-214. If not, kindly process. ADL:ps Attachment cc: City Clerk Redevelopment 1 i lf�lGate of Insuran�. ': .v -. ..�r-".,s'.-Lr �n� ca •. .,o. . ® '® b• THIS CER F'CA'E S ISSc' MAT ER ',F'NF"'RMATi :r''v,Y ANC^;NFERS N S UPON THE CE�CATE�HOLDE TH'S L'ERTIF.CATE DOES NO .eNO E EN.^. _'R ALTER THE�J'+ERAi5E AFFORDED E POUCIESLISTE 9E NAME j`wJGRES$v'�Ai•'N ." •� " }: - + .,A: COMPANIES AFFORDING*-COVERAGES 1 1l'`-;ARCALNSURANCE' SERVICESs- 14 1"50 E.'17TH STRFET 4200 COWAN • ,-.a _ F b< •� < &''INTA ANA,` CA yz92701' ` LET ER A UNITED SLTr "�1 raMpcaNv '`^ 714) .550-0833 ; ' COWAN' r• LETTER •B `/e t x• , +• ..Ir." '•ti :.r, .r 4AYE AND ADCRESS,_F INSURED yY y - - • - .,,+? _V ti•l ;i y.sy,.{At• t3<:r 101•IARD•`P. ''SHELTONyrINC LET ER -,r^ 417921 'IRVINE BLVD. #$314 _ .TUSTIN,"CA -'92680' THIS nF7 F r .^ ���I RCFf1 A TH Tl Thn is to cervN that poicies of insurance ltsted De+Dw i tave Deo' ssJts!c;ne �sured named aoove and are in force at this brae. Notwrthstamdrngg any reclurrWnent terTn Or COndrtion of arty contract a o�+.x bo vment-in respc=t to rmrch;rats may may tx'tsueeh or may pertain,the insurance,aNgrded try.< .s desG�bed herein is.strDpct to all Ilse tarns.a"MstOns ano concrWris*)I such+pol.pc's - ✓'.:. pj.•g••-^Y.1 r. ':-,t 3 Limits o ra 111ty in Thousands ^O-IwNY TY^E OF rrdtlFiANCE � �'' N-.eER f•;L'CY• LETTER CN E[PIRA• DATE Q�Y ••Dt' EACH' ^AGGREGATE 4 EACH .TENERAL-LIABILITY -"-' �;.n. a 1 c--• t 'A v-PRENEFLi�EFDR- 1 PU641G140 ( 02/10/87 �-c• ? ra t Xi PRE-rSES-OPERr T"7N5..iG +r Pfi AG •• ` ExPLO AND c:JLLAPSE KAZAR k .' i •. ¢�r 'L r3'+'•"K' • �; 'JIDERGROLIND HAZARD �- w .q-• <. �' y �. PRCO VC"5.'C'DMPt ETEG 'J•' I ti r`•._. t �,PIRATIONSHAZARD • r';- - i X, SNTRACT JAL NS T+vNCE iao LeRiYDA►iAG 1.,000 1 y 000; XI 9ROADFOR-PROPERTY y tyi. .a.. ji t y .•) ^; NOEPENOENTCONTRACTORS ur rt• S.4 ` '),• }-y- t ���---..••+++ PERX.NALINJIiRY •,f{. '2' '4.'.. -,t~ 1y 000;, AUTOMOBILE LIABILITY 'BOOILYIN.amY A S —• [EACH PERSON), Y F•v.C-PREHEN5IY£Fr�R- - 'x+.• _ A S ; _ : aCCILY MAr0.Y OWNED LEACH OCCt1ftRENCq_ r � HIRED - PRLPE RTY OAYUGEi, S _ - ., ' aCO1LY IN.;IrRY ANO'rj '^r.r NCN QwsrEO v, PROPERTY DADAa Z L y COUEINEO� L__1 E3(CESSLIABIIITY- ' � � r ti Sp':+'^4i1 ': ' qq '•� — EOO !flY1NX1RY A. ._ ' UiL SRELLA - a.: S x 1Sy FOR CTNER THAN 4NRREL LA '• �PROiERTY DAtUGE- v r f CPs.EIN£O - ri'ORKEF a CCMPENSATiON �_-_�-�--��--- -- _ ~-•- _ -T TSJ�D�Y 1 EMPLOYERS LIARILtT�`.'R r S �:ice[`+ EC .a ,, -•MEA OTHER r]1AtgD� f ✓w. w ` I :a <' 3 r � Y.��.-a;�'{k�yyt•1' .� _ZrT�7:sF� � s.r i(! sl 7. •N�L<_ ��' rs. OFSCAr 1 F •A T ..4t HH( •, l`t. r yAN/OR;Ai.L"?CITY:CO�JNCIL,!APPCINTED:GROUPS, COMMIJ�EES COM1ISS_ION DOARDS ND NY OTHER4-CITY; 1APPOINTED 'BODY,"- AN/OR_JELECTIVE j& AP OtdT,�VE t �ICERS� SERVANTS 'OR'EMPLOYEES]OF rTHE 'CITY OF;HUNTIRGTONQ EACH, WIC C iNG S C R +,�ONAI j� c '0 t '4Cancallat�n-3�tloulrlii9r bo adescibed p ebE n I ti ,, {fsr Ir uch C, T?ni r'e ri4'obG ation syrlla a P 9 ,.Smi-«.. .� .M,•rp,f_ EXCEPT F0RyNON;a YRYENT.OF,-,,PREMIUME WHICH PROVIDES 0 0 C KAaatNWAD CITE HOLDER. # r -� Q 6 mg I 'Yput- UNTINGTON BEACH NSIJRANCEf1OFFICE! ;Y tv..e fb Y 3 P.O. OX1190 t.� w wn. 7" HUNT I NGTON`BEACH, -CA 92648 r fi Af3LA ' GENt ACCOUN SSL !6 ^-�:. :N•'. �f'+ `��3 ;L. ,c ;; .r;�,:A;x,..,-.. ittd+:.''�f+Yi+ iF+�� �' REQUEST F® EDEVELC)F MENT NCY A07'10N APPROVED BY CL;'Y G0UN(;1. RH 86-60 f ate August 22, 1986 ' CITY CLERK Submitted to: Honorable Chairman and Redevelopment Agency mbers Submitted by: Charles W. Thompson, Chief Ex,cutive Officer W- Prepared by: Douglas N. LaBelle, Deputy City Administrator/Redevelopm Subject: SELECTION AND CONTRACT APPROVAL - FIXTURES AND EQUIPMENT APPRAISER Consistent with Council Polity? Yes [ J New Policy or Exception Statement of Issue, Recommendation,Analysis, Funding Source,Alternative Actions,Attachm—ts. yn STATEMENT OF ISSUE: As part of the process of acquisition and relocation within the Main-Pier Redeveiopme,ii Project Area, it will be necessary from time to time to employ the specialized services of a fixtures and equipment appraiser. Anticipating this need staff recommends approval of the attached contract for such services. RECOMMENDATION: Approve and authorize the Agency Clerk to execute the attached contract between the Redevelopment Agency and Howard Shelton & Associates to provide fixtures and equipment appraisal services for a not-to-exceed amount of $7,500 without the requirement for Errors and Ommissions Insurance. ANALYSIS: As the implemer*ation of the Main-Pier Redevelopment Project Area mo-es for.vard, it will be necessary ; )r the Redevelonment Agency to acquire certain real oroperty within the project area. Of most immediate interest in this regard is acquisition of parcels to accommodate the construct;, of the first parking garage within the downtown area. After property is appraised, but hefore the full extent of cvlocation benefits may be determined, it is sometimes necessary to employ the specialized skills of a .fixtures and equipment appraiser. While a real estate appraiser w_fl provide a determination of value for the !-and and building improvements, often the contents of a building (usually a commercial or industrial use) require the services of an appraiser specializing ir. this type of evaluation. In anticipation of this need, staff investigated the availability of these services within the region and conducted interviews v,ith throe (3) firms providing such services on Monday, July 21, 986 (a matrix summarizing the characteristics of the three firms interviewed is attached). Due to tl,e small amount of this contract and the unavailability of Errors and Ommissions Insurance, approval of this contract is recommended without such coverage. The determination of value made by a fixtures and equipment appraiser, when coupled with the determin-tion of value with a real estate appraiser, will determine the full compensation due to property owners. In addition, of course, predicated upon state and federal laws that may pec+ain, any such husiness owner may also be eligible for relocation benefits as well (the Redevelol , nt Agency has previously contracted with ' the firm of Pacific Relocation to provide these services). ,. P10111/85 RH 86--60 August 22, i986 Page Two Based on the outcome of the interviews, the Statement of Qualifications submitted by each firm, and an investigation of references for each firm and fees quoted, staff is forwarding the above recommendation at this time. ALTERNATIVE ACTIONS: 1. Do not approves the attached contrac.. 2. Request selectico of an alternate firm. FUNDING SOURCE: The Redevelopment Agency budget. Proceeds of Certificates of Participation to provide for parking garage costs. ATTACHMEN-S: i. Summary of Fixtures and Equipment appraisers. 2. Interview questions. 3. Contract. CWT/DLB/SVK:sar 2727h SUMMARY FTXTURES AND EQUIPMENT APPRAISERS , July 25, 1986 TIME TO IN BUSINESS STAFF COMPLETE, COMPENSATION HOURLY Metropolitan Assoc. 19 years 5 appraisers 30-60 days Contract w/NTE; $80/hr. Fountain Valley 6 production est. each parcel bill against est. (rtTE $�,00e) Howard Shelton & 18 years 3 appraisers 21 days Contract w/NTE; $650/day Assoc. plus support est. each bldg. & (NTE $2,000) Tustin nst. r-comes fee. Gil Strange & Co. 17 years 2 appraisers 30-45 days Est. each occupancy NA Los Angeles Flat fee Las Vegas (est. $800-850 for a sm. commercial bldg. ) CITY OF HUNTINGTON BEACH REDEVELOPMENT STAFF INTERVIEWS OF ACQUISITION CONSULTANTS AND FIXTURES AND EQUIPMENT APPRAISERS July 21, 1986 ACQUISITION CONSULTANTS: - Please review your firm's role in the acquisition of property; please distinguish between willing seller acquisition-, --*iliient domain proceedings. - Please describe your firm's erience in acquisition; nature and scope of services provided. What siL Land use types have been the subject of your firm's acquisition activities? - Please review your firm's method of compensation (per ca-e fee or hourly) and can you provide an "average" cost for your services per acquisition. - Please provide at le-,c three (3) recent re -: mces (name and phone number of a public agency contact. FIXTURES AND EQUIPMENT APPRAISERS: - Please review the role of your firm in assisting Redevelopment Agencies to acquire grope rty. - Please describe the nature and scope of the services which your firm provides. •- Please identify the most common land use types for which your services are required. - Please discuss the nature of compensation for your firm (flat rate per case or hourly paym ent�). - Plc-%3e indicate as "average"cost for your firni's Services on 3 per case_ basis, - Please provide at least three (3) references of contact persons at public agency's whore we might contact. 2698h Ve Z APPRAISAL CONSULTANT SERVICES AGREEMENT 13ETWEEN THE ^REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH, AND HOWARD P. SHELTON, INC. , FOR THE PURPOSE OF APPRAISING FIXTURES AND EQUIPMENT THIS AGREEMENT, made and entered into this day of , 19_, by and between the Redevelopment Agency of the CITY OF HUNTINGTON LEACH, hereinafter referred to as "AGENCY, " AND HOWARD P. SHELTON, INC. , hereinafter referred to as "CONSULTANT.. " WHEREAS, AGENCY uesires to engage the services of an appraisal consultant to determine the value of fixtures and equipment, and other real estate related matters, as may be required by the Agency for various projects. WHEREAS, Consultant has had experience in acquisition appraisals of fixtures and equipment and other real estate matters in connection with other property acquisition projects in the City of Huntington Beach; and CONSULTANT has been selected to perform said services. NOW, THEREFORE,, it is agreed by AGENCY and CONSULTANT as f0 1 .O _ . 1 . WORK STATEMENT CONSULTANT shall provide fixtures and equipment appraisal services as described in the SCOPE OF SERVICES (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 "SERVICES. 1 CONSULTANT hereby designates HOWARD P . SHELTON, who shall represent t and be its sole contact and agent in all consultations with AGENCY during the performance of this Agreement. 2. AGENCY STAFF ASSISTANCE AGENCY shall assign a staff coordinator to work directly with CONSULTANT in the prosecution of this Agreement. 3 . TIME OF PERFORMANCE, The services of the CONSULTANT are to commence upon execution of this Agreement and shall continue for a period of one (1) year from the date of this Agreement. This Agreement may be extended by inutual agreement of the parties. 4 . COMPENSATION In consideration of the performance of the cotiact services described in Section 1 above, AGENCY agrees to pay CONSULTANT a fee as stated in Exhibit B. However, the fee paid pursuant to Exhibit B shall not exceed the sum of $7,500, without prior approval of the AGENCY. 5. EXTRA WORK In the event of authorization, in writing by the AGENCY, of changes from the work described in Exhibit "A", or for other written permission authorizing additional work not contemplated herein, additional compensation shall be allowed for such Extra Work, sc long as the prior written approval of AGENCY is obtained. METHOD OF PAYMENT A. CONSULTANT shall be entitled to monthly payments for services rendered in accordance with Exhibit B. 2. B. The CONSULTANT shall submit to the AGENCY an invoice for each monthly 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 provi- sions of this Agreement; and 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 payment 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 pursuant to Section 12 hereof. C. Any billings for extra work or additional services authorized by the AGENCY shall be invoiced separately to the AGENCY. Such invoice shall contain all of the information required under paragraph 6.8, and in addition shall list the hours expended and hourly rate charged for such time. Such invoices shall be approved by AGENCY if the tiork performed is -a 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 b°..! unreasonably witnheld. 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. 3 . Am 7. DISPOSIT OF .'IOCUMENTS CONSULTANT agrees that all materials prepared here- under , including all reports, both field and office notes, calculations, maps and other documf:nts, shall be turned over to AGENCY 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 AGENCY in the completion of P110JECT or as it otherwise sees tit. 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 SERVICES, whichever is applicable. CONSULTANT shall be entitled to retain copies of all data prepared hereunder. 6. INDEMNIFICATION, DEFENSE, HOLD HARMLESS CONSULTANT hereby agrees to defend, indemnify and hold harmless AGENCY, its officers , agents and employees, from and against any and all liability, damages, costs, losses, claims and expenses, however caused, resulting directly or indirectly from or connected with CONSULTANT'S performance of this Agree- ment (including, but not limited to such liability, costs, damagt, loss, claim, or expense arising from the death or injury to an agent or employee of CONSULTANT, subcontractor , if any, or AGENCY, or damage to the property of CONSULTANT, subcontractor, if any, or AGENCY, or the property of any agent or employee of CONSULTANT, subcontractor, if any, or AGENCY) , regardless of the passive or active negligence of AGENCY, except where such liability, damages, costs, losses, claims or expenses are caused by the sole negligence or —llful misconduct of AGENCY or any of its agents or employees including negligent omission or commissions of AGENCY, it agents or employees, in connection with the general supervis.Lon or direction of the work to bz performed hereunder. 4 . 9. WORKERS' COMPENSATION CONSULTANT shall comply wit., al-. of the provisions of the Workers ' Coi,Densation Insurance and Safety Acts of the State of California, the applicable provisions of Division 4 and b of the California 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 a21 claims, demands, payments, suits, actions, proceedings and judgments of every natire and description, including attorney's fees and costs presented, brought or r,�covared ag ii,st AGENCY, for or on account cf any liability under any of said acts which may be incurrea by reason of any work to be performed by CONSULTANT under this Agreement . 10. INSURANCE In addition to the Workers ' Compensation insurance and CONSULTANT' S covenant to indemnify AGENCY, CONSULTANT shall obtain and furnish to AGENCY the following insurance policies covering the PROJECT: A. General i:ianility Insuranc _. A policy of g,.neral public li&bility insurance, including ...,)tor vehicle coverage . Said policy shall ind:�mnify CONSULTANT, its officers, agents and employees, while acting within the scope of their duties, against any and all claims of arising out of or in connection with the PROJECT, ari shall provide coverage in not less than the following amount: combined single limier bodily injury or property damage of $1,000, 000 p,-r occurrence. Sazd policy shall name AGENCY, its officers, agents and employees as Additional !.:sureds, and shall specifically provid- 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. 5. Certificates of Insurance for said policies shall be approved in writing by the Agency Counsel prior to the commence- ment of any work hereunder . All. Certificates of Insurance (and the policies or insurance or endorsements thereof) shall provide that any such Certificates and policies shall not be cancelled or medifiee, without thirty (30) days ' prior wr' tten notice to AGENCY. 11 . 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 expenue, and be responsible for any and all payments 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 . 12. TERMINATION OF AGREEMENT All work required hereunder shall be performed in a good and workmanlike manner. AGENCY may terminate CONSULTANT'S services hereunder at any time with or without cause, and whether or not PROJECT is fully complete. Any terming,,ion of this Agreement by AGENCY shall oe made in writing through the Deputy City Administrator/Redevelopment, notices of which shall be delivered to CONSULTANT as provided in uection 16 herein. 13. ASEIGNMENT 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. 14. COPYRIGHTS/PATENTS CONSULTANT shall not ap, ly for a patent or copyright on any, item or material produred as a result of this Agreement, as set forth in 41 CFR 1-9.1. :R 4 6. ", 15. AGENCY EMPLOYEES AND OFFICIALS CONSULTANT shall not employ any 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 California Government Code Sections 1090 et ;,eq. 16. NOTICES Any notices 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 Sectiun 1 hereinabove) or to CHIEF EXECUTIVE OFFICER OF REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH, as the situation shall warrant, or by enclosing the same in a sealed envelope, postage prepaid, and .Jepositii.g the same in the United States Postal Services, addressed as follows: 7. r TO AGENCY: TO CONSULTANT: Mr. Charles W. Thompson Mr. Howard P. Shelton, Inc. Chief E-recutive Officer 17291 Irvine Boulevard, , #314 City of Huntington Beach Tustin, California 92680 2000 Main Street Huntington Beach, CA 92648 17. ENTIRETY The foregoing, and E.chibit "A" and "B, " attached hereto, get forth the entire Agreement between the parties. IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by and tnrough their authorized Nfficers the day, month and year first above written. CONSULTANT: REDEVELOPMENT AGENCY CITY OF HUNpal INGTONtorpor BEACH, A municipal corporation n G of the State of California U a -. A sole proprietor Chairperson �}0 W A-2-D P. name, title ATTEST: APPROVED AS TO FORM: 71z,r i Agency Clerk Age y oun�rel Ca., Aik AIT6IA ;DAND APPROV De u• y City Administrator/- Redevelopment APPROVED: Chief Executive Offi r 9, WIG ai TUP EXHIBIT A SCOPE OF SERVICES To provide fixtures and equipment appraisal services the consultant proposes to provide the following Scope of Seraices. 1. The Consultant will meet with the owner of properties to be acquired on the premises to be acquired in order to inventory the fixtures and equipment present and for which the owner may be compensated. Said fixtures and r equipment may include, but shall not be limited to: a) Tenant Improvements b) Power Wiring c) Machinery d) Miscellaneous Plant Equipment e) Office Furniture/Equipment f) Signs 2. The Consultant will prepare a list of all fixtures and equipment fou premises. 3. The Consultant will provide a value for each item included in the in in three (3) ways: a) Replacement Cost New b) Value in Place c) Salvage Value 4. Consultant will provide the information accumulated through the above steps to the Agency in a neatly, type-written report. i ANN. Alkh EXHIBIT E METHOD OF COMPENSATION Consultant agrees to be compensated in the following manner and in the following amount: 1. Compensation will not exceed $7,500. 2. Compensation will be in the form of a single payment at the completion of the work. I 0534H