HomeMy WebLinkAboutRDA AG PKT 2002-10-28 #B I
AGENDA REPORT
DATE: October 28, 2002
TO: Chairperson and Members of the Redevelopment Agency
THRU: John B. Bahorski, Executive Director
FROM: Lee Whittenberg, Director of Development Services
SUBJECT: CONSIDERATION OF CONSULTANT SERVICES,
PHASE H — DISSOLUTION OF REDEVELOPMENT
AGENCY
SUMMARY OF REQUEST:
Agency determination regarding proceeding with consideration of dissolution. If the
Agency determines to proceed, the Agency should:
❑ Select preferred appraisal firm;
❑ Authorize the Executive Director to negotiate and execute the appropriate contracts in
accordance with the proposals of the selected consultants;
❑ Adopt Resolution No. Q -2) , A Resolution of the Redevelopment Agency of the
City of Seal Beach Authorizing a Budget Amendment, No RDA 03 -01, for
Consultant Services in Phase II — Dissolution of Redevelopment Agency; and
❑ Adopt Resolution No.0 .- f , A Resolution of the Redevelopment Agency of the
City of Seal Beach Accepting a Loan from the City of Seal Beach in the Amount of $
95,000.00.
BACKGROUND:
On April 22, 2002, the Agency directed staff to request proposals for the preparation of a
report discussing the impacts arising from the potential dissolution of the Redevelopment
Agency.
On May 28, 2002 the Agency retained Keyser Marston Associates, Inc. (KMA) to prepare a
report regarding the dissolution process. That report was considered by the Agency on
September 23, and the Agency directed staff to proceed to determine additional costs to
resolve the outstanding issues.
Staff has obtained the following cost estimates based on the Agency direction of
September 23, 2002:
Agenda Item 3
C: \Documents and Settings \LWhittenberg\My Documents \RDA \Dissolution of Agency, Phase II.RDA Staff Report.doc \LW\I0 -24 -02
Consideration of Consultant Services and Loan from City of Seal Beach —
Phase II Scope of Work, Dissolution of Redevelopment Agency
Redevelopment Agency Staff Report
October 28, 2002
❑ Appraisal of Agency owned and leased properties: Staff has received proposals
from two firms to conduct appraisals of the Agency -owned and optioned properties
within the City. Please refer to Attachments 1 and 2, respectively for the proposals of
R. P. Laurain & Associates and Donahue & Company, Inc.
Cost Proposal: Fixed fee, including expenses, ranging from $9,700.00 to
•
$32,850.00.
❑ KMA Phase II Agency Dissolution Services: KMA and Murphy & Davis, LLP has
submitted a proposal to provide a financial feasibility analysis that will present a
methodology and timing for satisfying the existing indebtedness obligations of the
Agency and subsequent termination of the Redevelopment Plan. Please refer to
Attachment 3 for a copy of the proposal.
Cost Proposal: Fixed fee, including expenses of $14,500.00.
❑ KMA Agency Dissolution Coordination Services: KMA has submitted a proposal to
provide project coordination services to the Agency to include discussions with the
County of Orange Chief Executive Office, the County outside bond counsel, and
outside Agency bond counsel to determine the legal feasibility of permitting the
County to assume and administer future debt service obligations for the Agency's
existing tax allocation bonds. Please refer to Attachment 4 for a copy of the proposal.
Cost Proposal: Fixed fee, including expenses of $9,000.00. Uncertain as to
Agency bond counsel costs, estimated between $7,500.00 and $12,500.00.
❑ County of Orange Agency Council Opinion: As of October 23, KMA is awaiting
word from the Orange County Executive Office regarding the City's cost to
reimburse the County for its outside legal counsel expenses to review to possibility of
the County assuming the Agency debt and receiving the tax increment revenues and
using those funds for the necessary debt retirement and housing set -aside
responsibilities of the Agency.
Cost Proposal: Uncertain, estimated between $7,500 and $12,500.00.
❑ Additional Staf'and City Attorney Expenses:
If the Agency were to continue to pursue this matter, additional staff and City
Attorney time will need to be allocated to this matter. At this time it is uncertain as to
the amount of time that may be required to oversee the above discussed consultant
work products and prepare additional information related to this effort.
Cost Proposal: Uncertain, estimated between $7,500 and $12,500.00.
Summary of Anticipated Costs to Complete Phase II Work Program:
•
Dissolution of Agency, Phase I I.RDA Staff Report 2
I
Consideration of Consultant Services and Loan from City of Seal Beach —
Phase II Scope of Work, Dissolution of Redevelopment Agency
Redevelopment Agency Staff Report
October 28, 2002
Provided below is a summary of the various costs identified above:
Phase II Agency Dissolution Study — Low High
Cost Cost
Services to be Provided Estimate Estimate
Appraisal of Agency owned and leased properties $ 9,700 $ 32,850
KMA Phase II Agency Dissolution Services $ 14,500 $ 14,500
KMA Agency Dissolution Coordination Services $ 9,000 $ 9,000
Agency Bond Counsel Services $ 7,500 $ 12,500
County of Orange Agency Council Opinion $ 7,500 $ 12,500
Additional Staff and City Attorney Expenses $ 7.500 $ 12.500
Total Estimated Costs $ 55,700 $ 93,850
If the Agency determines to proceed with consideration of dissolution, the Agency should
determine which appraisal firm would be appropriate to provide the requested appraisals
for future Agency consideration, and authorize the Executive Director to negotiate and
execute the appropriate contracts in accordance with the proposals of the various
consultant firms discussed above.
Requested Budget Amendment:
If the Agency determines to proceed with consideration of dissolution it will be necessary
for the Agency to authorize a budget amendment for the unanticipated consultant
expense. Funds would be available, upon authorization by the City Council of the above -
discussed loan to the Agency, in the Redevelopment Agency Fund Balance, Account
Number 063 - 000 -30420 and will be spent out of the Redevelopment Agency contract
professional services account. Staff has prepared the appropriate resolution and it is
provided as Attachment 5. The resolution has been prepared to reflect the maximum
proposal amount under consideration, assuming the Agency determines to proceed to the
stage of formal public hearings and dissolution of the Redevelopment Agency.
Acceptance and Recordation of Loan Agreement with the City:
If the Agency determines to proceed with consideration of dissolution it will be necessary
- for the City to loan funds to the Agency for the professional services discussed above.
The Agency has insufficient un- obligated funds to bear the expense of these services.
Staff has prepared the appropriate resolution and it is provided as Attachment 6. The
resolution has been prepared to reflect the maximum loan amount, proposed at $95,000,
to cover the above - discussed expenses, assuming the Agency determines to proceed to
the Phase II analysis as presented above. It is anticipated that these loans funds would
•
Dissolution of Agency, Phase I1.RDA Staff Report 3
1
Consideration of Consultant Services and Loan from City of Seal Beach —
Phase 11 Scope of Work, Dissolution ofRedevelopment Agency
Redevelopment Agency Staff Report
October 28, 2002
not be able to be repaid to the City until June, 2017. It will also be necessary for the City
Council to agree to loan the necessary funds to the Agency. If the Agency determines to
proceed, the appropriate City Council resolution has been prepared and will be on the
City Council agenda this evening for consideration.
FISCAL IMPACT:
The proposed study would determine if adverse impacts to the City General Fund would
be created if the Agency were to be dissolved. The Agency would assume an additional
debt of $95,000 plus an interest accrual of 5% per annum. It is anticipated that the
Agency will not have sufficient funds to repay the loan and accrued interest until June,
2017.
RECOMMENDATION:
Agency determination regarding proceeding with consideration of dissolution. If the
Agency determines to proceed, the Agency should:
❑ Select preferred appraisal firm;
❑ Authorize the Executive Director to negotiate and execute the appropriate contracts in
accordance with the proposals of the selected consultants;
❑ Adopt Resolution No. , A Resolution of the Redevelopment Agency of the
City of Seal Beach Authorizing a Budget Amendment, No RDA 03 -01, for
Consultant Services in Phase II — Dissolution of Redevelopment Agency; and
❑ Adopt Resolution No. , A Resolution of the Redevelopment Agency of the
City of Seal Beach Accepting a Loan from the City of Seal Beach in the Amount of $
95,000.00.
NOTED a APPR VED:
r-
- e Whittenberg John Bahorski
irector of Development Services Ex-,4Ttive Director
Attachments: (6)
Attachment 1: Letter Proposal dated October 22, 2002 re: Response to
Request for Proposal regarding appraisals of
Redevelopment Agency properties in the City of Seal
Beach, submitted by R. P. Laurain & Associates
Incorporated
Dissolution of Agency, Phase ll.RDA Staff Report 4
Consideration of Consultant Services and Loan from City of Seal Beach —
Phase 11 Scope of Work, Dissolution of Redevelopment Agency
Redevelopment Agency Staff Report
October 28, 2002
Attachment 2: Letter Proposal dated October 17, 2002 re: Proposal for
Appraisal Services, 3 Larger Parcels, Seal Beach — APNs
043 -122 -036, 037 and 095- 001 -051, submitted by Donahue
& Company, Inc.
Attachment 3: Letter Proposal dated October 22, 2002 re: Proposal
Services for Dissolution of Redevelopment Agency, Keyser
Marston Associates, Inc.
Attachment 4: Letter Proposal dated October 21, 2002 re: Proposal for
Follow -up Assistance, Keyser Marston Associates, Inc.
Attachment 5: Resolution No. /Jo? 3 , A Resolution of the
Redevelopment Agency of the City of Seal Beach
Authorizing a Budget Amendment, No RDA 03 -01, for
Consultant Services in Phase II — Dissolution of
Redevelopment Agency
Attachment 6: Resolution No. 4 , A Resolution of the
Redevelopment Agency of the City of Seal Beach
Accepting a Loan from the City of Seal Beach in the
Amount of $ 95,000.00
Dissolution of Agency, Phase 11. RDA Staff Report 5
Consideration of Consultant Services and Loan, from City of Seal Beach —
Phase 11 Scope of Work, Dissolution of Redevelopment Agency
Redevelopment Agency Staff Report
October 28, 2002
ATTACHMENT 1
LETTER PROPOSAL DATED OCTOBER 22, 2002 RE:
RESPONSE TO REQUEST FOR PROPOSAL
REGARDING APPRAISALS OF REDEVELOPMENT
AGENCY PROPERTIES IN THE CITY OF SEAL
BEACH, SUBMITTED BY R. P. LAURAIN &
ASSOCIATES INCORPORATED
Dissolution of Agency, Phase II.RDA Staff Report
R. P. L A U R A I N
8c AS S O CIATE S
INCORPORATED
3353 LINDEN AVENUE, SUITE 200
LONG BEACH, CA 90807 -4503
TELEPHONE (562) 426 -0477
October 22, 2002
FACSIMILE (562) 988 -2927
Mr. Lee Whittenberg
Director of Development Services
City of Seal Beach
211 Eighth Street
Seal Beach, California 90740 -6379
Subject: Response to Request for Proposal
• regarding appraisals of
Redevelopment Agency properties in the
City of Seal Beach, California
Dear Mr. Whittenberg:
Receipt is acknowledged of your recent invitation to submit a proposal for
professional real estate appraisal services regarding certain properties
owned by the Redevelopment Agency, or wherein the Agency has an option
to purchase. Each property is identified and addressed with respect to the
Orange County Assessor's Number, location, existing development, vesting,
and objective of the appraisal.
Property No. 1:
• Orange County Assessor's No.: 43- 122 -36
• Located within the southwest quadrant of the intersection of Coast
Highway and 12th Street, in Seal Beach.
• The property is currently developed as a neighborhood commercial
center having various stores and shops, plus on -site parking
accommodations.
• It is understood that the underlying fee interest in the property was
acquired from the Los Alamitos Unified School District by the
Redevelopment Agency; there is an outstanding balance on the
purchase -money mortgage or trust deed note. The property was
subsequently leased by the Agency (lessor) to a developer (master
lessee) for the development of the neighborhood commercial
center; subleases have been entered by the master lessee with the
various store and shop tenants.
APPRAISERS • ANALYSTS
Mr. Lee Whittenberg
Director of Development Services
City of Seal Beach
October 22, 2002
Page 2
Property No. 1: (Continued)
• The objective of the appraisal is the fair market valuation of the
Agency's (lessor's) interest in the subject property. As part of the
overall valuation study, an allocation can be provided of the value of
the lessor's interest and master lessee's interest. It will be neces-
sary to review a copy of the existing master lease, including all
supplements, amendments, and exhibits, if any. The agreement
between the Agency and School District should also be reviewed for
• any conditions or covenants that could influence the land value.
Property No. 2:
• Orange County Assessor's No.: 43- 122 -37
• Located within the northwesterly quadrant of the intersection of 12th
Street and Landing Avenue, in Seal Beach.
• The site is developed with former school classrooms presently
utilized as two separate child day care facilities.
• The site is vested with the Los Alamitos Unified School District. The
Redevelopment Agency is currently leasing the property with an
option to purchase. The Agency is subleasing the property to the
two child day care businesses.
• The objective of the appraisal study is the fair market valuation of
the subject property based on the highest and best use thereof.
Property No. 3:
• Orange County Assessor's No.: 095 - 010 -51
• Located at the southwest corner of the intersection of Seal Beach
Boulevard and Adolfo Lopez Drive, in Seal Beach.
• The site is currently developed with the main Police Station, Animal
Control Animal Shelter, etc.
• The fee simple interest in the property is vested with the Redevelop-
ment Agency. The buildings and on -site improvements were
constructed at the cost of the Agency.
• The objective of the appraisal is the valuation of the subject land and
improvements. An allocation of the total value, between the land
and improvements, will be provided.
R. P. L A U R A I N
8c ASSOCIATES
KEHIp..fEC
Mr. Lee Whittenberg
Director of Development Services
City of Seal Beach
October 22, 2002
Page 3
The scope of work is essentially indicated above following comments
regarding the objective of each appraisal. The scope of work will include a
formal appraisal inspection of each property, review of the various interests of
each property (i.e. lessor's interest, master lessee's interest, etc., if
applicable), review and analysis of market data applicable to each property
(land sales, improved property sales, building cost data, rental information,
vacancy rates, operating expenses and ratios, etc.), and valuation analysis of
each property. Title to each property will be assumed to be good and
merchantable; the value of each will be based accordingly.
The formal appraisal report, addressing the value(s) of the three subject
properties can be completed and delivered to your offices within 45 to 50
days following receipt of your authorization to proceed. The fee for appraisal
services will be in the total amount of $9,700.
This firm has the capability of performing the requested real estate appraisal
services without the aid or assistance of sub - consultants. This firm has broad
experience with the appraisal of commercial, industrial and residential
property in beach communities within Orange, Los Angeles, and San Diego
Counties. Certain of the appraisal studies have included leased fee, master
leasehold, and multiple levels of subleasehold interests. The subject
appraisal study will be prepared in accordance with the Uniform Standards of
Professional Appraisal Practice.
A resume of background and qualifications is enclosed for your review. If you
have any questions regarding this proposal, please contact me at your
convenience.
Very truly yours,
R. P. LA •-• ' & ASSOCC' S INC.
.010 I /0e ...0 •0 0°°v ..
4°Pr- ,
. •: • - . L. ra
Certified General Real Estate Appraiser
California Certification No. AG 007689
RPL:II
Enclosure
R . P. L A U R A I N
& AS S OCIATES
•cw.on.reo
RESUME
OF
BACKGROUND AND QUALIFICATIONS
R. P. LAURAIN
& ASSOCIATES
APPRAISERS - ANALYSTS
•
PROFESSIONAL QUALIFICATIONS
AND
CLIENT REFERENCES
OF
•
Ronald P. Laurain
California Certification No. AG 007689
FIRM AFFILIATION:
R. P. Laurain & Associates, Inc.
3353 Linden Avenue, Suite 200
Long Beach, California 90807 -4503
(562) 426 -0477
Ronald P. Laurain, President
John P. Laurain, Vice President
Roger Douglass, Consulting Appraiser
Vaughn A. Hosmann, Consulting Appraiser
Scott A. Lidgard, Consulting Appraiser
PROFESSIONAL ORGANIZATION AFFILIATIONS:
Appraisal Institute
Senior member; hold professional endorsement and designation
"SRPA" (senior real property appraiser), and "SRA" (senior
residential appraiser).
Past President, Chapter No. 94, Long Beach, California (1969).
Director (1971 -74).
Delegate to California Appraisers Council (1973 -80).
Served as chairman or member of various committees including
Education Committee, Legislation & Research Committee,
Professional Practices (Ethics) Committee, Senior Designation
Committee, and Examination Committee.
District Vice Governor (1979 -81).
American Society of Appraisers
Senior member; hold professional endorsement and designation
"ASA" in urban real estate.
Past President of Los Angeles Chapter (1974 -75).
Ethics Counselor (1975 -76).
Served as chairman or member of various committees including
Membership Committee, Education Committee, Examiners
Committee, and International Convention Education Committee.
R. P. L A U R A I N
ASSOCIATE S
APPRAISERS • ANALYSTS
•
1
PROFESSIONAL OUALIFICATIONS /REFERENCES (Continued)
PROFESSIONAL ORGANIZATION AFFILIATIONS: (Continued)
International Right of Way Association
Senior member; hold professional endorsement and designation
"S RWA."
Member of Professional Development Committee,
Los Angeles Chapter
Certified General Real Estate Appraiser by the
Office of Real Estate Appraisers, State of California.
Certification No. AG 007689.
American Arbitration Association
Member of National Panel of Arbitrators (1968 - present).
California Appraisers' Council
President (1979).
EXPERT WITNESS:
Qualified as an expert on Real Property Valuation in the following
courts:
Los Angeles County Superior Courts.
Orange County Superior Courts.
Federal Bankruptcy Court.
•
APPRAISAL SERVICES FOR:
Appraisal services rendered for:
Cities:
City of Arcadia City of El Segundo
City of Bell City of Gardena
City of Bellflower City of Garden Grove
City of Buena Park City of Hawaiian Gardens
City of Carson City of Huntington Beach
City of Cerritos City of Huntington Park
City of Claremont City of Industry
City of Colton City of Inglewood
City of Commerce City of Irwindale
City of Compton City of Lakewood
City of Cudahy City of La Mirada
City of El Monte City of La Puente
R. P. L A U R A I N
ASSOCIATES _
APPRAISERS - ANALYSTS
•
2
PROFESSIONAL QUALIFICATIONS /REFERENCES (Continued)
APPRAISAL SERVICES FOR: (Continued)
Cities: (Continued)
City of Lomita City of Rolling Hills Estates
City of Long Beach City of San Jacinto
City of Los Angeles City of San Juan Capistrano
City of Lynwood City of Santa Ana
City of Monterey Park City of Santa Fe Springs
City of Norwalk City of Santa Monica
City of Ontario City of Signal Hill
City of Paramount City of South El Monte
City of Pasadena City of West Hollywood
City of Redondo Beach City of Whittier
City of Riverside
Redevelopment Agencies:
Anaheim Redevelopment Agency
• Bell Redevelopment Agency
Buena Park Redevelopment Agency
Carson Redevelopment Agency
Compton Community Redevelopment Agency
Corona Redevelopment Agency
El Cajon Redevelopment Agency
Hawaiian Gardens Redevelopment Agency
Huntington Beach Redevelopment Agency
Huntington Park Redevelopment Agency
Inglewood Redevelopment Agency
La Mirada Redevelopment Agency
Long Beach Redevelopment Agency
Los Angeles Community Redevelopment Agency
Los Angeles County Redevelopment Agency
Maywood Redevelopment Agency
Monterey Park Redevelopment Agency
Paramount Redevelopment Agency
Pasadena Redevelopment Agency
Santa Fe Springs Redevelopment Agency
Signal Hill Redevelopment Agency
Whittier Redevelopment Agency
Other Public Agencies:
Bassett Unified School District
Caltrans
Central Basin Municipal Water District
Compton Unified School District
R . P . L A U R A I N
8c ASSOCIATES
APPRAISERS - ANALYSTS
•
3
PROFESSIONAL QUALIFICATIONS /REFERENCES (Continued)
APPRAISAL SERVICES FOR: (Continued)
•
Other Public Agencies: (Continued)
Cucamonga County Water District
Federal Aviation Administration (FAA)
Federal Housing Administration (FHA)
Long Beach Transit Company
Long Beach Unified School District
Long Beach Water Department
Los Angeles County Department of Beaches and Harbors
Los Angeles County Facilities Management Department
Los Angeles County Internal Services Department
Los Angeles County Metropolitan Transportation Authority
Los Angeles Unified School District
Metropolitan Water District of Southern California
Pasadena Unified School District
Port of Long Beach
Port of Los Angeles
Port of San Diego
Resolution Trust Corporation (RTC)
Southern California Rapid Transit District
State of California, Santa Monica Mountains Conservancy .
Trust for Public Land, national land conservation organization
U. S. Department of Housing and Urban Development (HUD)
U. S. Department of Interior, National Park Service
U. S. Department of the Navy
Partial Corporate List:
Abrasive Finishing Co. Douglas Equipment Co.
Allstate Insurance Co. Family Health Program
American Savings Farmers & Merchants Bank
American Title Company Federal Home Loan Mortgage
Aminoil U.S.A., Inc. Corporation
Bank of America Federal Mogul Corporation
Boise Cascade Ferro Corporation
Buffums Goodwill Industries
Capital Westward Inc. Great Western Bank
Cascade Pump Company Harbor Bank
Chevron USA Harriman Jones Medical Clinic
CNA Insurance Hartford Insurance Group
Coast Federal Bank International Industrial
Commercial Grinding Co. Properties
Coopers & Lybrand International Rectifier
R. P. LAURAIN
6z AS SOCI A TES
APPRAISERS - ANALYSTS
•
4
PROFESSIONAL QUALIFICATIONS /REFERENCES (Continued)
APPRAISAL SERVICES FOR: (Continued)
Partial Corporate List: (Continued)
Kaiser Foundation Pan Pacific Nederland
Lloyds Bank Queen City Bank
Long Beach Community Republic Metal
Hospital Rosecrans Medical Group
Long Beach Memorial Sabin Robbins Paper Co.
Hospital South Bay Leasing Corp.
Long Beach Bank - Southwest Diversified, Inc.
Manhattan Properties, Inc. Suburban Coastal Corp.
Marriott Corporation Sumitomo Bank
Northern Trust Bank Texaco USA
Northrop Corporation University Advisory Co.
Obispo Medical Clinic Univ. of Southern California
Orange Coast Title Co. Wells Fargo Bank
Pacific Business Bank World Towers, Ltd.
Pacific Valve, Inc. Zurn Industries
Attorneys:
Atkinson & Atkinson Nossaman, Guthner,
Thomas G. Baggot Knox & Elliott
Ball, Hart, Hunt, Brown, Oliver, Barr & Vose
and Baerwitz O'Melveny & Myers
Christensen, White, Miller Pray, Price, Williams
Fink & Jacobs & Russell
Mark Curtis James C. Powers
Josephine A. Fitzpatrick Glenn L. Rabenn
Garner & Kreinces Norman Rasmussen
Patrick A. Hennessey Richards, Watson &
Kirtland & Packard Gershon
Lawrence H. Lackman Marc S. Rothenberg
Laskin & Graham Jack D. Scott
Jeffrey Lyon Robert F. Waldron
Martin & Stamp Williams & Williams
M. D. Miguelez David E. Wulfsberg
Linda Moon George S. Zugsmith
R. P. L A U R A I N
ASSOCIATES
APPRAISERS - ANALYSTS
5
PROFESSIONAL QUALIFICATIONS /REFERENCES (Continued)
ACADEMIC BACKGROUND:
Graduate of secondary schools in Wayne County (Detroit area),
Michigan.
Advanced studies at Henry Ford College, and the University of
Michigan Extension.
Completed additional studies at Compton College, and the
University of California at Los Angeles Extension. Received
•
Certificate in Real Estate from U.C.L.A.
Successfully completed classes in Real Estate including:
Real Estate Appraisal I, Advanced Real Estate Appraisal,
Condemnation Appraising and Eminent Domain, Principles of
Income Property Appraising, Legal Aspects of Real Estate, Real
Estate Law, Real Estate Finance, Real Estate Management,
Real .Estate Practice, and Real Estate Research, plus various
courses and seminars sponsored by the national appraisal
organizations.
INSTRUCTOR:
California State University, Long Beach
Real Estate Appraisal
Guest speaker and lecturer on subject of real estate appraisal at
• various universities, colleges, professional appraisal organi-
zations, etc., including: UCLA, California State University, Long
Beach; Long Beach Community College; Cerritos Community
College; Appraisal Institute; American Society of Appraisers;
and, International Right of Way Association.
ADVISOR:
Member of Assessment Practices Advisory Council (1978 -83) Los
Angeles County Assessor
Real Estate Examination Revision Study Committee
Department of Real Estate, State of California
R. P. LAURAIN
ASSOCIATES
APPRAISERS - ANALYSTS
6
•
PROFESSIONAL QUALIFICATIONS /REFERENCES (Continued)
BUSINESS AFFILIATIONS:
Roy C. Laurain, Realtor and Appraiser, Detroit area, Michigan
Staff Assistant - 2 years
T. H. Scanlon Appraisal Company, Detroit area, Michigan
Staff Appraiser - 2 years
Security Bank (12 branches), Detroit area, Michigan
Chief Appraiser - 1 year
Locke Land Services, Long Beach, California
Senior Appraiser, and Vice President - 7 years
R. P. Laurain & Associates, Inc., Long Beach, California
Appraisers - Analysts, established January, 1969.
R. P. LAURAIN
S: ASSOCIATES
APPRAISERS - ANALYSTS
7
Consideration of Consultant Services and Loan from City of Seal Beach —
Phase 11 Scope of Work, Dissolution of Redevelopment Agency
Redevelopment Agency Staff Report
October 28, 2002
ATTACHMENT 2
LETTER PROPOSAL DATED OCTOBER 17, 2002 RE:
PROPOSAL FOR APPRAISAL SERVICES, 3 LARGER
PARCELS, SEAL BEACH - APNS 043 - 122 -036, 037 AND
095- 001 -051, SUBMITTED BY DONAHUE & COMPANY,
INC.
Dissolution of Agency, Phase II.RDA Staff Report 7
DONAHUE 8 COMPANY, INC.
PROPERTY AND URBAN ECONOMICS
23 CORPORATE PLAZA DRIVE
JOHN C. DONAHUE, MAI SUITE 160 TELEPHONES:
KEVIN J. DONAHUE, MAI NEWPORT BEACH. CALIFORNIA 92660-7942 (9491760-3166
BARBARA L. ZACHRY, MAI (800) 734 -0074
SYDNEY H. HAWRAN, MAI FACSIMILE:
JAMES C. MALM (949) 760 -5496
CARL E. NELSON +� " •w • donal•uecocom
October 17, 2002
Mr. Lee Whittenberg Re: Proposal for Appraisal Services
Director of Development Services 3 Larger Parcels
City of Seal Beach Seal Beach
Redevelopment Agency APNs 043 - 122 -036, 037 and
211 Eighth Street 095- 001 -051
Seal Beach, CA 90740
Proposal No. 6113
Dear Mr. Whittenberg:
I am pleased to respond to your Request For Proposal for valuation services required for the
above referenced properties. It is my understanding that the three different properties include a
retail shopping center, a school development now used as a day care facility and an industrial
property currently used as the Police station and the city yard. The appraisal will contain a fair
market value of the properties "as improved ". It is my understanding that the appraisals of the
above noted properties will be used by the city for internal review and possibly for acquisition by
the city where there is an option to purchase.
SCOPE OF WORK
I propose to value the parcels in fee simple interest at their highest and best use. Interim use
value may be included as well if the existing improvements are not the highest and best use of
the parcels. Unless otherwise specified, the value will be based on a current date of value. Upon
completion of the appraisal, I will prepare and deliver a total of three (3) copies of the complete
appraisal report in a summary format meeting all requirements of the Uniform Standards of
Professional Appraisal Practice (U.S.P.A.P.), as well as the Standards of Professional Practice
and Code of Professional Ethics of the Appraisal Institute. The report will also be prepared in
accordance with State and Federal Uniform Relocation Assistance and Real Property Acquisition
Acts, including any amendments, California Eminent Domain Law, California Redevelopment
Law and any other applicable statutes.
The appraisal will require a determination of the highest and best use of each of the three subject
properties. Once the highest and best use for each parcel is determined, a comparable sales
search will begin for land value as well as applicable improved value comparables. If necessary,
the all three generally accepted approaches to value will be used including the replacement cost,
direct comparison and income approach. The comparable data search will be concentrated on
properties proximate to the subjects but may be expanded depending on the existing market for
each property type. Given that there are three types of property uses involved in the appraisal, at
•
Mr. Lee Wittenberg -2- October 17, 2002
least three sets of data will be required; retail /commercial, school /office and industrial (land and
improvements). As at least one of the properties is considered "special purpose ", additional cost
data will also be required.
The appraisal process will begin with a physical inspection of each of the properties and a search
of the history of each property including planning documents and building permit information to
be provided by the city.
Prior to beginning work on the appraisal, I will meet with the Redevelopment Agency to review
the scope of work and appraisal issues for this assignment. If desired, I will also submit
preliminary findings to the Agency at a pre - submittal meeting prior to finalizing the report.
FEES AND TIME SCHEDULE
The total proposed not to exceed appraisal fee for this valuation is $32,850. This fee is payable
upon delivery of the report. Proposed time of delivery is ninety (90) working days from the
authorization to proceed. The proposed fee breakdown is as follows:
Parcel 043-122-036 $10,800
Parcel 043-122-037 $ 9,450
Parcel 095- 001 -051 $12,600 •
If the agency desires, the valuations of the properties can be delivered separately with the first of
three provided within sixty -five (65) working days and the last two to follow within the proposed
ninety (90) working days. If this option is taken, 1/3 ($10,950) of the proposed fee will be due
• upon delivery of the first appraisal document.
The proposed fee for this assignment assumes the properties are free and clear of hazardous
waste and contaminants. This proposal also includes the assumption that the City will- supply title
reports and the parcels' legal description prior to the start of this appraisal project.
CAPABILITIES TO PERFORM REQUESTED SERVICES
I have included as an attachment to this proposal a description of my professional background
including my qualifications. I have had extensive experience in all three required property
valuation types (retail /shopping center, office, industrial property) and, if required, will be happy
to provide references pertinent to past work of this type.
Projects of this type I have appraised recently include a restaurant/retail property in Fontana, a
retail strip center for the Whittier Redevelopment Agency, 10 commercial properties for the City
of Santa Ana, an industrial facility along the Alameda Corridor for ACTA, two large industrial
buildings in the Irvine Industrial Park area for TCA, as well as numerous office /commercial and
•
Mr. Lee Wittenberg -3- October 17, 2002
industrial properties along the I -5 Freeway for the State of California. I have appraised numerous
office properties for the State of California in the context of the I -5 widening project over the
past 10 years.
PROPOSED SUB - CONSULTANTS
None.
With this proposal, I have included a copy of my hourly billing rates. If required, additional
hours in consulting are time -based fees that will be accounted for and billed in addition to the
proposed report fee.
Should you have any questions, please do not hesitate to call me.
Thank you for the opportunity to propose on this appraisal project. I look forward to working
with you.
Respectfully submitted,
DONAHUE & COMPANY, INC.
Sydney . Hawran, MAI
SHH:tme
• Attachment
SYDNEY H. HAWRAN, MAI
STATE CERTIFICATION NO. AG018039
QUALIFICATIONS
EXPERIENCE
Donahue and Company. Inc.. Newport Beach. California; 1994 - Present
Senior Appraiser - Responsible for valuation of all property types. Ms. Hawran's
most recent assignments include the analysis of fee simple, leased fee and leasehold
interests for litigation purposes. Significant experience in appraisal, project
management and review of multiple parcel full and partial takings and damage
analysis for large landholdings and major income properties for eminent domain
purposes. An emphasis on complex partial takings from a variety of commercial
and industrial properties inclusive of self storage facilities, research and
development properties, office buildings and hotels. Her experience includes an
expertise in multi parcel takings for large agency projects ranging from roadways
to school sites. She is qualified as an expert witness in San Bernardino and Orange
County Superior Courts.
Lea Associates. Inc.. 1992 - 1994
Senior Analyst - Responsible for providing real estate analysis and studies, with
emphasis on narrative appraisal assignments dealing with all major real estate
categories. Project management duties included review of and guidance in
appraisal practice to staff appraisers. Significant appraisal assignments include the
valuation of a planned community in Ventura County. Other major property types
including office and hotel along the I -5 Freeway for right of way acquisition by the
Orange County Transportation Authority.
1983 - 1992
Ms. Hawran has provided real estate consultation and analytical services for public
and private sectors. Her range of appraisal experience encompasses commercial
and industrial property, including office buildings, retail centers, hotel/motels, and
industrial buildings throughout Southern California. Land appraisal assignments
have included agricultural, agricultural/residential subdivision, multi - residential,
and commercial/industrial site valuation. Property rights appraised have included
both fee simple and leased fee interest. Other appraisal assignments have included
the valuation of access rights, partial interest, easement, and full acquisition
appraisal work in all of the preceding areas along with highest and best use studies
and absorption estimates. The concentration of Ms. Hawran's work has been
performed in Orange, San Bernardino, Riverside, San Diego, and Los Angeles
counties. Ms. Hawran spent eight years as a Right of Way Agent for the State of
California, Department of Transportation serving in the appraisal, relocation and
acquisition functions of the Department. State service took place in District 8 (San
Bernardino and Riverside counties) and District 12 (Orange County).
2
MEMBERSHIP /AFFILIATION .
Appraisal Institute, MAI Designation No. 10069
Certified General Real Estate Appraiser, Office of Real Estate Appraisers.
State of California, Certificate No. AG018039
International Right of Way Association
Active in several professional organizations, Ms. Hawran is a past President of the
Southern California Chapter of the Appraisal Institute and still active in the Region
on a National level. She is also a past Orange County Chapter President and
National Director of the International Right of Way Association and is an appraisal
course instructor for both organizations.
Course Instructor
Appraisal Institute
* Course 410 - Standards of Professional Practice Part A (USPAP)
* Course 420 - Standards of Professional Practice Part B (Code of
Professional Ethics)
* Course 430 - Standards Part C
International Right of Way Association
* Course 101 - Principles of Real Estate Acquisition
* Course 400 - Uniform Standards of Professional Appraisal Practice
* Course 401 - The Appraisal of Partial Acquisitions
* Course 403 - Easement Valuation
* Course 404 - Appraisal Theory and Principles
* Course 400 - Uniform Standards of Professional Appraisal Practice
EDUCATION
University of California, Los Angeles, California: B.A. Degree, Economics, 1978
University of California, Riverside, California: Graduate School of Management
course work in economics, finance, land use planning and management, 1986
University of California, Irvine, California: Commercial and industrial development
management and real estate finance courses, 1989 - 1991
Appraisal Institute Courses/Examinations:
* Comprehensive Examination, 1992
* Demonstration Appraisal Report, 1992
* Report Writing and Valuation Analysis, 1989
* Standards of Professional Practice, 1988
3
EDUCATION (Cont.)
* Case Studies in Real Estate Valuation, 1988
* Capitalization Theory and Techniques, Part B, 1987
* Capitalization Theory and Techniques, Part A, 1986
* Basic Valuation Procedures, 1985
* Residential Valuation, 1984
* Real Estate Appraisal Principles, 1983
International Right of Way Association Courses:
* Property Descriptions, 1988
* Interpreting Engineering Drawings, 1988
* Business Relocation, 1986
* The Appraisal of Partial Acquisitions, 1986
* Communications in Real Estate Acquisition, 1986
* Principles of Real Estate Acquisition, 1984
•
* Relocation Assistance, 1983
DONAHUE & COMPANY, INC.
CORPORATE PROFILE
Donahue and Company is a full service forensic real estate appraisal firm, currently comprised of
four senior level analysts, one staff appraiser, a research department and secretarial staff.
The company has been in operation locally for thirty -six years, with broad experience throughout
Southern California and the western United States. An extensive in -house research library is
maintained to provide resourceful and reliable information in order to ensure the completion of
appraisal assignments in a timely manner. An extensive client list of public agencies, financial
institutions, corporate and private clients is available upon request.
The firm specializes in litigation related appraisal, inclusive of eminent domain. In addition to
collective appraisal experience, senior personnel have significant related professional
backgrounds in the areas of title insurance, right -of -way acquisition, land planning, engineering
and relocation assistance. This diversity and working knowledge of the State and Federal
acquisition guidelines and eminent domain law, as applied to appraisal practice, is of great
assistance in undertaking appraisals and/or right -of -way consultation. Pertinent professional
background and related experience qualifications are detailed in individual staff resumes.
Donahue and Company is currently insured in conformance with required Commercial General
Liability and Automobile Liability Coverage. All employees of Donahue and Company are
covered by State Workers Compensation.
The following is a brief synopsis of each appraiser's resume.
John C. Donahue, MAI, President and Chairman of Donahue & Company, Inc., has
been a real estate appraiser since 1963. Related experience includes serving as a County
• of Orange Right -of -Way Agent, and as an acquisition agent from 1959 to 1963. He has a
• B.A. degree from Whittier College and attended law classes 1961 -1963 at Southwestern
Law University. The Appraisal Institute (previously the American Institute of Real Estate
Appraisers) designated Mr. Donahue as Member Number 5998 in November 1979, and
he is currently certified under the Institute's Voluntary Continuing Education Program. In
addition, he is a charter member of the Orange County Chapter of the International Right -
of -Way Association and has served as a speaker, instructor and lecturer for many
professional organizations throughout California. Mr. Donahue is also a California State
Certified General Real Estate Appraiser.
Specializing in litigation support services, John Donahue's reputation as a forensic
witness is prominent throughout the State. He has testified in the Superior Courts of all
Southern California Counties, U.S. Court of Claims, Federal Bankruptcy Court and
before Property Tax Appeal Boards. Valuation specialties include all eminent domain -
related fields, transportation corridors, easement valuation and mitigation properties.
2
CORPORATE PROFILE (Cont.):
Barbara Zachry, MAI, Senior Appraiser, entered the appraisal profession in 1983,
joining Donahue & Company in 1986. Related experience includes serving as a Real
Property Agent for Willdan Engineering and as an Assistant Right -of -Way Agent for the
City of Fullerton. She obtained an MA Degree from California State University,
Fullerton, a BA Degree from University of California at Los Angeles and was designated
as a member of The Appraisal Institute in 1994.
She is a Certified General Real Estate Appraiser with the State of California and a
member of the International Right -of -Way Association, Chapter 67, currently serving as
President. She has served on several active committees of the Southern California
Chapter of the Appraisal Institute.
Mrs. Zachry specializes in appraising investment grade properties, right -of -way
acquisition and all matters relating to eminent domain law. Clientele served included
financial institutions, public agencies, law firms and private industry. She is qualified as
an expert witness in Orange County Superior Court.
Kevin J. Donahue, MAI, Senior Appraiser and Vice President of Donahue &
Company, joined the firm in 1986. He obtained a BA Degree in finance, concentrating
in real estate studies, from California State University, Fullerton. Mr. Donahue holds the
MAI designation and is a California State Certified General Real Estate Appraiser. In
addition, Mr. Donahue is a member and Past President of the International Right -of -Way
Association, Chapter 67. He has completed numerous courses and professional
development seminars offered by the Appraisal Institute and the International Right -of-
Way Association.
• Mr. Donahue specializes in full and partial takings in eminent domain matters, special
purpose properties, easement acquisition and public agency work. He has testified as an
expert witness in Los Angeles and Orange County Superior Courts and Federal
Bankruptcy Court. Additional duties as Vice President include review of staff appraisals,
contract procurement, production control and personnel management.
Sydney H. Hawran, MAI, Senior Appraiser, a native Southern Californian, began her
real estate career in 1983. Ms. Hawran was educated at the University of California at
Los Angeles and has developed a specialty in the area of Right -of -Way appraisal after
spending eight years with the State of California Department of Transportation. Ms.
Hawran is a State Certified General Real Estate Appraiser. In the International Right -of-
Way Association (IRWA), she served as President and International Director for the
Orange County Chapter. Ms. Hawran is also an approved Instructor of Standards of
Professional Appraisal Practice for the Appraisal Institute and a Certified Appraisal
•
3
CORPORATE PROFILE (Cont.):
Instructor for IRWA. She is active in Chapter, Regional and National committee
leadership of the Appraisal Institute and is past President of the Southern California
Chapter. Her work includes a broad range of appraisal assignments for acquisition,
condemnation, litigation support and lending purposes.
Ms. Hawran has undertaken significant assignments, being responsible for providing real
estate analysis and studies, with emphasis on narrative appraisal assignments within all
major real estate categories. Other significant experience includes not only appraisal of,
but project management and review coordination of partial takings and damage analysis
for large land holdings, major income properties and multi - parcel acquisition for eminent
domain purposes.
Detailed resumes for each appraiser are available upon request.
RATE SCHEDULE
Effective June 1, 2001
Due to the diversity of assignments undertaken by our firm, all bids are project - specific. Large
projects or those of extended duration may benefit from economies of scale. Where required,
appraisal assignments are proposed as lump sum rather than at hourly rates.
In complex matters, or when litigation support is necessary, Donahue & Company utilizes a
Two -Tier hourly rate schedule, with each tier defined as follows:
Tier A Hours: This category applies to time spent in a) initial appraisal investigation and
subsequent report preparation, b) attorney /client conferences, and c)
pretrial preparation including trial notebook, statements of valuation and
court exhibit preparation.
Tier B Hours: Hours spent in either a) deposition, b) arbitration and /or c) actual trial
testimony, including standby, are billable under Tier B rates.
Tier A Tier B
John C. Donahue, MAI $300 $400
Barbary Zachry, MAI $250 $300
Sydney H. Hawran, MAI $250 $300
Kevin J. Donahue $225 $275
Sharon Fagundes $150 $175
James Malm $150 $175
Research Personnel $90 N /Ap.
Administrative Assistance $50 N /Ap.
In addition to hourly billings, expenditures incurred for sub - consultants, trial exhibits, messenger
services, aerial photographs, etc. will be passed through to the client, with invoice copies
attached to the monthly statements. A 10 percent administrative fee will be added to all pass -
through expenses.
Unless otherwise stated, payment terms are net thirty (30) days. Any past due balance is subject
to a finance charge, computed at the periodic rate of 1.25 percent per month, equal to an annual
percentage rate of 15 percent per annum. In addition to invoices rendered and interest thereon,
the client agrees to pay all legal expenses and costs incurred by Donahue & Company, Inc. in the
collection of any delinquent accounts.
DONAHUE & COMPANY, INC.
Consideration of Consultant Services and Loan from City of Seal Beach —
Phase 11 Scope of Work Dissolution of Redevelopment Agency
Redevelopment Agency Staff Report
October 28, 2002
ATTACHMENT 3
LETTER PROPOSAL DATED OCTOBER 22, 2002 RE:
PROPOSAL SERVICES FOR DISSOLUTION OF
REDEVELOPMENT AGENCY, KEYSER MARSTON
ASSOCIATES, INC.
Dissolution of Agency, Phase II.RDA Staff Report 8
KEYSER M A R S T O N ASSOCIATES I N C. ADVISORS IN:
REAL ESTATE
500 SOUTH GRAND AVENUE, SUITE 1480 REDEVELOPMENT
LOs ANGELES, CALIFORNIA 90071 AFFORDABLE HOUSING
PHONE: 213/622 -8095 ECONOMIC DEVELOPMENT
FAX : 213/622 -5204 FISCAL IMPACT
INFRASTRUCTURE FINANCE
•
CITY OF = VALUATION AND
CAL BEACH LITIGATION SUPPORT
OC 1 2 3 2002 Los Angeles
October 22, 2002 Calvin E. Hollis, II
DEPARTMENT OF Kathleen H. Head
DEVELOPMENT SERVICES James A. Rabe
Paul C. Anderson
Gregory D. Soo -Hoo
Mr. Lee Whittenberg San Diego
Director of Development Services Gerald M. Trimble
Robert J. Wetmore
City of Seal Beach
Paul C. Marra
211 Eight Street
SAN FRANCISCO
Seal Beach, California 90740 -6379 A. Jerry Keyser
Timothy C. Kelly
Re: Proposal Services for Dissolution of Redevelopment Agency Kate Earle Funk
p p g y Debbie M. Kern
Dear Mr. Whittenberg:
As requested, Keyser Marston Associates, Inc. (KMA) and Murphy & Davis, LLP (M &D) have
prepared the attached team proposal to provide Redevelopment Plan dissolution services to the
City of Seal Beach. The proposed scope of services provides for a financial feasibility analysis
that will present a methodology and timing for satisfying the existing indebtedness obligations of
the Agency and subsequent termination of the Redevelopment Plans. This analysis would
expand our previous Phase 1 audit of financial obligations of the Agency, and also includes a
summary of the impact on blight elimination that would be referenced in the dissolution
ordinances.
Our team will work closely with staff to ensure the process will proceed in a timely manner,
which we anticipate to be completed in three months. We appreciate the opportunity to submit
this proposal.
Feel free to call us with any questions or comments at (213) 622 -8095.
Sincerely,
KEYSER MARSTON ASSOCIATES, INC.
r _
Paul nderson
Principal
•
PA0210014. KMA:PA:gbd
99900.000.002/10 /22/02
SCOPE OF SERVICES
Keyser Marston Associates, Inc. (KMA) and Murphy & Davis, LLP (M &D) propose to provide
redevelopment plan services to the City of Seal Beach to identify the financial impacts and affects
on the remaining blighting conditions (if any) resulting from the termination of the City's two
redevelopment projects and dissolution of the City's Redevelopment Agency. KMA and M &D will
also provide the documentation and assist the City in the legal process related to these actions.
KMA and M &D have worked successfully together in the past on redevelopment plan adoptions
and amendments, and as such can provide the City with well- integrated documents within a
timely manner.
The California Community Redevelopment Law does not contain specific procedures for the early
termination of a redevelopment plan, but does contain procedures for amending a redevelopment
plan. The early termination of a redevelopment plan is akin to an amendment shortening the life
of the plan.
M &D would be responsible for the overall coordination of the study and termination /dissolution
process including preparing and monitoring a schedule of actions, reviewing the report
accompanying the proposed termination of the projects and preparing resolutions and ordinances
required in connection with terminating the redevelopment projects and dissolving the Agency.
KMA would analyze the financial impacts of terminating the redevelopment projects including
addressing remaining blight.
A. DOCUMENT PREPARATION AND REVIEW
Task 1 — Schedule of Actions - M&D
M &D will prepare a schedule of actions identifying all activities required by law leading to
the termination of the Redevelopment Plans and the dissolution of the Agency. The
schedule lists actions, responsible parties, scheduled dates and documents to be
prepared. This includes schedule updates as necessary.
Task 2 — Resolutions, Notices, Ordinance, and Responses to Written Objections —
M&D and KMA
M &D would prepare all required resolutions and ordinances, together with affidavits of
mailing and a procedural outline for the conduct of joint and concurrent public hearings to
consider termination of the Plans. M &D will prepare these documents for staffs use.
Together M &D and KMA will prepare responses to written objections to the proposed
terminations of the Plans and dissolution of the Agency (if any).
PA0210014. KMA:PA:gbd
99900.000.002/10 /22/02
Task 3 — Mailing Notices and Labels - KMA
KMA will prepare required public notices and provide Agency staff with mailing labels for
mailing public notices to property owners, taxing agencies and others, as appropriate, to
be notified of the termination of the redevelopment plans and dissolution of the Agency.
Using the County Assessor data for the Project Areas, KMA will prepare mailing labels
and the associated list to be used for the distribution of the joint public hearing notice for
owners. Existing Agency occupant lists or Assessor site addresses will be used for the
occupant mailing list. For staff's reference and use, KMA will also provide staff with a
hard copy of the list of taxing agencies, owners and occupants and an electronic file.
Task 4 — Report to City Council - KMA
KMA will prepare a report of the Agency to the City Council describing the reasons for
terminating the Redevelopment Plans and dissolving the Agency, as well as information
and analysis necessary to support determinations by the City Council that the conditions
precedent to termination of the Plans and dissolution of the Agency have been satisfied
(i.e., no outstanding indebtedness or contractual obligations, completion of all required
affordable housing activities). M &D will consult with KMA concerning the preparation of
the report, including review of background materials and review of a draft of the report, as
appropriate.
Based upon the findings in the Implementation Plan and discussions with Agency staff
KMA will prepare a description of the remaining blighting conditions in the Project Areas
and how these remaining blighting conditions are anticipated to be alleviated following the
termination of the redevelopment projects the existing implementation plan.
KMA would conduct a review and analysis of the Agency's two Redevelopment Plans, the
Implementation Plan and the Agency's audited financial statements for the most recent
fiscal year to analyze the effect of the termination of the Redevelopment Plans.
KMA will also prepare a financial feasibility analysis which incorporates the previously
projected tax increment analysis prepared in the Phase 1 scope of services with a cash
flow projection which can demonstrate how existing indebtedness obligations of the
Agency will be satisfied so that dissolution can occur. Note that this feasibility analysis will
be contingent upon (a) the Agency providing all necessary commercial appraisals of
Agency -owned real estate; (b) legal counsel's opinion supporting the ability for the County
or other financial entity to assume responsibility for payment of the Agency's existing
indebtedness obligations and (c) the County's written agreement to assume the same.
B. MEETING ATTENDANCE
Both KMA and M &D will attend the joint and concurrent public hearings.
Page 2
PA0210014. KMA • PA: g bd
99900.000.002/10 /22/02
SCHEDULE
It is anticipated that the process could be accomplished within a three -month time period:
• Month 1 would involve preparation of the report of the Agency to the City Council.
• Month 2 would involve actions of the Planning Commission (reporting on the proposed
Plan terminations), Agency and City Council (approving /receiving the Agency's report
and setting joint and concurrent public hearings to consider the Plan terminations).
• Month 3 would involve noticing and conducting the joint and concurrent public hearings,
and the final actions on the ordinances terminating the Plans and dissolving the Agency.
Page 3
PA0210014. KMA: PA: gbd
99900.000.002/10 /22/02
BUDGET
KMA and M &D propose to complete the tasks outlined in Section I for a fixed fee of $14,500
including expenses. This includes a budget of $10,000 for KMA and $4,500 for M &D.
Additional services beyond those identified in the scope would be billed at the hourly rates listed
below.
KEYSER MARSTON ASSOCIATES, INC.
HOURLY FEE SCHEDULE
2002
A. JERRY KEYSER * $ 210.00
MANAGING PRINCIPALS* $ 200.00
PRINCIPALS* $ 185.00
MANAGERS* $ 155.00
SENIOR ASSOCIATES $ 140.00
ASSOCIATES $ 120.00
SENIOR ANALYSTS $ 105.00
ANALYSTS $ 90.00
TECHNICAL STAFF $ 72.50
ADMINISTRATIVE STAFF $ 57.50
Directly related job expenses not included in the above rates are: auto mileage, air fares, hotels and
motels, meals, car rentals, taxies, telephone calls, delivery, electronic data processing, graphics and
printing. Directly related job expenses will be billed at 110% of cost.
Monthly billings for staff time and expenses incurred during the period will be payable within thirty (30)
days of invoice date. A charge of 1% per month will be added to all past due accounts.
* Rates for individuals in these categories will be increased by 50% for time spent in court testimony.
MURPHY & DAVIS, LLP
HOURLY FEE SCHEDULE
Attorneys $ 175.00
Paralegals $75.00- $95.00
Extraordinary expenses, such as courier services and express mail, are separately itemized and billed.
Routine expenses, such as long distance telephone calls, copying, postage, etc., are not separately
itemized but are covered by a two percent (2 %) administrative charge added to each billing.
Page 4
PA0210014.KMA:PA:gbd
99900.000.002/10 /22/02
Consideration of Consultant Services and Loan from City of Seal Beach —
Phase II Scope of Work, Dissolution of Redevelopment Agency
Redevelopment Agency Staff Report
October 28, 2002
ATTACHMENT 4
LETTER PROPOSAL DATED OCTOBER 21, 2002 RE:
PROPOSAL FOR FOLLOW -UP ASSISTANCE, KEYSER
MARSTON ASSOCIATES, INC.
Dissolution of Agency, Phase II.RDA Staff Report 9
KEYSER M A R S T O N A S S O C I A T E S I N C . ADVISORS IN:
REAL ESTATE
500 SOUTH GRAND AVENUE, SUITE 1480
REDEVELOPMENT
LOS ANGELES, CALIFORNIA 90071 AFFORDABLE HOUSING
PHONE: 213/622 -8095 -- ECONOMIC DEVELOPMENT
FAX: 213/622 -5204 CITY OF SEAL BEACH FISCAL IMPACT
INFRASTRUCTURE FINANCE
VALUATION AND
OCT 3 2002 LITIGATION SUPPORT
DEPARTMENT OF
October 21, 2002 DEVELOPMENT SERVICES Los Angeles
Calvin E. Hollis, 11
Kathleen H. Head
James A. Rabe
Paul C. Anderson
Mr. Lee Whittenberg Gregory D. Soo -Hoo
City of Seal Beach San Diego
211 Eighth Street Gerald M. Trimble
California s nn� A n nn� Paul C. Marra
Seal Beach, California 90 7 40 -627 9
SAN FRANCISCO
A. Jerry Keyser
Re: Proposal for Follow -up Assistance Timothy C. Kelly
Kate Earle Funk
Robert J. Wetmore
Dear Mr. Whittenberg: Debbie M. Kern
Pursuant to your request, Keyser Marston Associates, Inc. (KMA) is providing this proposal for
follow up assistance regarding the potential dissolution of the Seal Beach Redevelopment
Agency. The City desires follow up assistance in its investigation of dissolution alternatives that
may be available in conjunction with Orange County assuming the Agency's existing debt
service liabilities. This assistance will be provided to the Agency on a time and materials basis,
with a not -to- exceed budget of $9,000. The proposed work scope would include:
1. Discussions with a bond counsel, mutually agreeable with the County Orange and the
Redevelopment Agency, to determine the legal feasibility of permitting the County to
assume and administrate future debt service obligations for the Agency's existing tax
allocation bonds.
2. Additional discussions with County Executive Office representatives regarding the
Agency's consideration of item 1 above.
As of this writing, KMA is awaiting word from Mr. Paul Lanning of the County Executive Office
regarding the City's cost to reimburse the County for its outside legal counsel expenses to
review this offer. We are therefore unable to provide this cost to you at this time.
Sincerely,
KEYSER MARSTON ASSOCIATES, INC.
Greg Soo- :o
Principal
0210038.KMA:GSH:gbd
99900.000.002
Consideration of Consultant Services and Loan from City of Seal Beach —
Phase 11 Scope of Work, Dissolution of Redevelopment Agency
Redevelopment Agency Staff Report
October 28, 2002
ATTACHMENT 5
RESOLUTION NO. (23, A RESOLUTION OF THE
REDEVELOPMENT AGENCY OF THE CITY OF SEAL
BEACH AUTHORIZING A BUDGET AMENDMENT, NO
RDA 03 -01, FOR CONSULTANT SERVICES IN PHASE
II - DISSOLUTION OF REDEVELOPMENT AGENCY
Dissolution of Agency, Phase II.RDA Staff Report 10
Consideration of Consultant Services and Loan from City of Seal Beach —
Phase 11 Scope of Work, Dissolution of Redevelopment Agency
Redevelopment Agency Staff' Report
October 28, 2002
•
RESOLUTION NO. 47 -
A RESOLUTION OF THE REDEVELOPMENT
AGENCY OF THE CITY OF SEAL BEACH
AUTHORIZING A BUDGET AMENDMENT,
NO RDA03 -01, FOR CONSULTANT SERVICES
IN PHASE II - DISSOLUTION OF
REDEVELOPMENT AGENCY
THE REDEVELOPMENT AGENCY OF THE CITY OF SEAL BEACH
DOES HEREBY RESOLVE:
WHEREAS, the fiscal year budget requires budgetary amendments as outlined below:
CURRENT PROPOSED BUDGET
DEPT ACCOUNT BUDGET BUDGET AMD (DIFF)
Redevelopment Agency —
Riverfront Project Area
Contract
Prof. Services 063 - 081 - 44000 $ 3,243 $ 98,243 $95,000
NOW, THEREFORE BE IT RESOLVED that the Redevelopment Agency of the
City of Seal Beach hereby adjusts Redevelopment Agency- Riverfront Project Area
Contract Professional Services, subject to City Council adoption of Resolution No.
, A Resolution of the City Council of the City of Seal Beach Authorizing a Loan
to the Seal Beach Redevelopment Agency in the Amount of $ 95,000.
PASSED, APPROVED AND ADOPTED by the Redevelopment Agency of the
City of Seal Beach at a meeting thereof held on the day of
X002
AYES: Agencymembers
NOES: Agencymembers
Dissolution of Agency. Phase ll.RDA Staff Report 1 1
Consideration of Consultant Services and Loan from City of Seal Beach —
Phase II Scope of Work, Dissolution of Redevelopment Agencv
Redevelopment Agency Staff Report
October 28, 2002
ABSENT: Agencymembers
ABSTAIN: Agencymembers
Chairman
ATTEST:
City Clerk
STATE OF CALIFORNIA }
COUNTY OF ORANGE } SS
CITY OF SEAL BEACH }
I, Joanne M. Yeo, City Clerk of Seal Beach, California, do hereby certify that the foregoing
resolution is the original copy of Resolution Number on file in the office of
the City Clerk, passed, approved, and adopted by the Redevelopment Agency of the City of
Seal Beach, at a regular meeting thereof held on the day of
, 2002.
Joanne M. Yeo, City Clerk/Secretary
Seal Beach Redevelopment Agency
Dissolution of Agency, Phase 1I.RDA Staff Report 1,
Consideration of Consultant Services and Loan from City of Seal Beach —
Phase II Scope of Work, Dissolution of Redevelopment Agency
Redevelopment Agency StaffReport
October 28, 2002
ATTACHMENT 6
RESOLUTION NO. a-1, A RESOLUTION OF THE
REDEVELOPMENT AGENCY OF THE CITY OF SEAL
BEACH ACCEPTING A LOAN FROM THE CITY OF
SEAL BEACH IN THE AMOUNT OF $ 95,000.00
Dissolution of Agency, Phase II.RDA Staff Report 13
Consideration of Consultant Services and Loan from City of Seal Beach —
Phase II Scope of Work. Dissolution of Redevelopment Agency
Redevelopment Agency Staff Report
October 28, 2002
RESOLUTION NO. D�
A RESOLUTION OF THE REDEVELOPMENT
AGENCY OF THE CITY OF SEAL BEACH
ACCEPTING A LOAN FROM THE CITY OF
SEAL BEACH IN THE AMOUNT OF $95,000.00
THE REDEVELOPMENT AGENCY OF THE CITY OF SEAL BEACH
DOES HEREBY RESOLVE:
WHEREAS, The Redevelopment Agency is reviewing various proposals to allow for
the dissolution of the Redevelopment Agency of the City of Seal Beach
upon compliance with all applicable provisions of the California Health
and Safety Code; and
WHEREAS, the Redevelopment Agency does not have sufficient un- obligated funds
available to support the necessary consultant, staff, and legal expenses
necessary to determine if the dissolution of the Redevelopment Agency of
the City of Seal Beach is legally feasible and to determine the necessary
steps to accomplish such dissolution; and
WHEREAS, the General Fund Unobligated Fund Balance has sufficient funds available
to lend $ 95,000 to the Redevelopment Agency of the City of Seal Beach;
and
WHEREAS, the Seal Beach City Council will be considering the authorization of said
loan in the amount of $ 95,000 to the Redevelopment Agency of the City
of Seal Beach on October 28, 2002 through the adoption of City Council
Resolution No. ; and
WHEREAS, the Redevelopment Agency of the City of Seal Beach will have the ability
to repay a loan of $ 95,000 plus 5% simple interest by June 30, 2017.
NOW, THEREFORE BE IT RESOLVED that the Redevelopment Agency of the
City of Seal Beach hereby agrees to accept from the City of Seal Beach the sum of
Ninety-Five Thousand Dollars ($95,000.00) from the City of Seal Beach General Fund
Unobligated Fund Balance, effective November 1, 2002. This debt to the City of Seal
Beach is hereby recorded and the foregoing sum shall be repaid to the City of Seal Beach
on or before June 20, 2017 together with simple interest of 5% per annum, subject to City
Council adoption of Resolution No. , A Resolution of the City Council of the City
Dissolution of Agency, Phase 11.RDA Staff Report 14
Consideration of Consultant Services and Loan from City of Seal Beach —
Phase 11 Scope of Work, Dissolution of Redevelopment Agency
Redevelopment Agency Staff Report
October 28, 2002
of Seal Beach Authorizing a Loan to the Seal Beach Redevelopment Agency in the
Amount of $ 95,000.
PASSED, APPROVED AND ADOPTED by the Redevelopment Agency of the
City of Seal Beach at a meeting thereof held on the day of
, 2002.
AYES: Agencymembers
NOES: Agencymembers
ABSENT: Agencymembers
ABSTAIN: Agencymembers
Chairman
ATTEST:
City Clerk
STATE OF CALIFORNIA }
COUNTY OF ORANGE } SS
CITY OF SEAL BEACH }
I, Joanne M. Yeo, City Clerk of Seal Beach, California, do hereby certify that the foregoing
resolution is the original copy of Resolution Number on file in the office of
the City Clerk, passed, approved, and adopted by the Redevelopment Agency of the City of
Seal Beach, at a regular meeting thereof held on the day of
, 2002.
•
Joanne M. Yeo, City Clerk/Secretary
Seal Beach Redevelopment Agency
Dissolution of Agency, Phase I1.RDA Staff Report 15