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Lidgard & Associates, Inc/Property Appraisal 164 e Atthirc t MEMORANDUM TO: Frank J. Spevacek, City Manager FROM: Bryce Bunker, Business Analyst DATE: October 10, 2016 RE: Lidgard and Associates, Inc. - Restricted Appraisal Execution Attached for your signature is an agreement with Lidgard and Associates, Inc. for a Restricted Appraisal of the property located on the northwest corner of Eisenhower Drive and Avenida Fernando (APNS: 658-170-015, 658-170-016, and 658-420-031). Form 700 and Insurance Certificates have been requested and will be provided by Lidgard and Associates, Inc. prior to services commencing. Please sign the attached agreement and return to the City Clerk for processing and distribution. Reaesting department shall check and attach the items below as appropriate: N/A Contract payments will be charged to account number: X Amount of Agreement, Amendment, Change Order, etc.: $2,250.00 Pending A Conflict of Interest Form 700 Statement of Economic Interests from Consultant(s) is attached with no reportable interests in LQ or reportable interests N/A A Conflict of Interest Form 700 Statement of Economic Interests is not required because this Consultant does not meet the definition in FPPC regulation 18701(2). Authority to execute tris agreement is based upon: N/A Approved by the City Council on X City Manager's signature authority provided under Resolution No. 2015-045 for budgeted expenditures of $50,000 or less Initial to certify that 3 informal bids or proposals were received and considered in selection. See attached The following required documents are at#ached to the a ree e : Pending Insurance certificates as required by the agreement (approved by Risk Manager on N/A Performance bonds as required by the agreement (originals) N/A City of La Quinta Business License number N/A Purchase Order number date) October 10, 2016 Bryce Bunker Business Analyst City of La Quinta 78-495 Calle Tampico La Quinta, California 92253 Subject: Restricted Appraisal Study Vacant Commercial Land Parcel APN: 658-015, 016, and 658-420-031, La Quinta, California Dear Mr. Bunker: I appreciate the opportunity of submitting this proposal for professional real estate appraisal services pertaining to the above -referenced property. The scope of our services will include (1) an inspection of the subject property from the adjacent right-of-way, (2) a review of public records particularly with respect to the general plan and zone regulations with regard to future development, (3) research and collection of comparable market data in the immediate and general subject market area, (4) a valuation employing applicable methodology based on an analysis of the comparable market data, and (5) preparation of a restricted appraisal report in summation of the activities outlined above. The purpose of the appraisal study is the estimation of market value of the unencumbered fee simple interest in the subject underlying land parcel based on its highest and best use. Market value, as defined in Title XI of the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA), is defined as follows: "The most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller each acting prudently and knowledgeably, and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby - Long Beach Office: 3353 Linden Avenue Suite 200 Long Beach, CA 90807 - 4503 Orange County Office' 2592 N Santiago Blvd Orange, CA 92867 - 1862 Telephone (562) 988-2926 (714) 633-8441 Facsimile (714) 633-8449 LUX ARD AND ASSOCIATES Real ESstrrteAppruiirtl rwri ('onnulta.tinaia IN( (!t{t'l)FCA'l'ISil Bryce Bunker Business Analyst City of La Quinta October 10, 2016 Page 3 I hereby authorize the firm of Lidgard and Associates, Inc. to complete the appraisal studies as referred to above. Attest: Susan Maysels, City Cie City of La Quinta / Z - Jb Date Date: 4ck r2, 2-47 LIDGARD AND ASSOCIATES Real Entaie Appy iwel and l ongaltait m 1N(0I P0UA1 K1] CERTIFICATE OF INSURANCE Producer: Issue Date: 10/13/2016 This Certificate is issued as a matter of information only and LIA ADMINISTRATORS & INSURANCE SERVICES confers no rights upon the Certificate Holder. This Certificate P.O. Box 1319 does not amend, extend or alter the coverage afforded by the Santa Barbara, CA 93102-1319 policy below. Insured: 152163 COMPANY AFFORDING COVERAGE LIDGARD AND ASSOCIATES, INC. 2592 North Santiago Blvd. Aspen American Insurance Company Orange, CA 92867 (13.-------"--"6-&---1-- Fax Number: 714-633-8449 Authorized Representative This is to certify that the policy of insurance listed below has been issued to the Insured named above for the policy period indicated. Notwithstanding any requirement, term of condition of any contract or other document with respect to which this Certificate may be issued or may pertain, the insurance afforded by the policy described herein is subject to all the terns, exclusions and conditions of such policy. Limits shown may have been reduced by paid claims. DISCLAIMER: This certificate of insurance does not affirmatively or negatively amend, extend, or alter the coverage afforded by the insurance policy. TYPE OF INSURANCE POLICY NUMBER EFFECTIVE DATE EXPIRATION DATE LIMITS Professional Liability AAI000036-02 04/02/2016 04/02/2017 Each Claim $ 1,000,000 General Aggregate $ 2,000,000 Description of Operations/Locations/Special Items: REAL ESTATE APPRAISERS PROFESSIONAL LIABILITY INSURANCE Certificate Holder: Cancellation: City of La Quinta SHOULD ANY OF THE ABOVE DESCRIBED POLICIES Bryce Bunker, Business Analyst BE CANCELLED BEFORE THE EXPIRATION DATE 78495 Calle Tampico THEREOF, NOTICE WILL BE DELIVERED IN La Quinta, CA 92253 ACCORDANCE WITH THE POLICY PROVISIONS. LIA0001 (11/97) s 1, A�RLD CERTIFICATE OF LIABILITY INSURANCE DATE (MMIDDIYYYY) 10/13/2016 THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER. IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy(ies) must be endorsed. If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s). PRODUCER Commercial Management Insurance Services Inc. g CONTACT Phyllis Wilcox PHONE (714) 414-1167 l we No (714)414-1195 VA�IC� Nn, Esst): l CA License 0D85858 22875 Savi Ranch Pkwy, Suite K Yorba Linda CA 92887 ADDRESS:pwilcox@cmis-ins.com INSURERS) AFFORDING COVERAGE NAIC # INSuRERA:Va11ey Forge Ins Company 20508 INSURED Lidgard & Associates Inc. 2592 N Santiago Blvd Orange CA 92867 iNSURERBNational Fire Insurance of Hartford 20478 INsuRERc:Continental Casualty Company 20443 INSURER D: $ 300,000 INSURER E : /INSURER F : CLAIMS -MADE X OCCUR CATE NUMBER:16-17 MASTER REVISION NUMBER: THIS IS TO CERTIFY THAT 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 IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. INSR LTR TYPE OF INSURANCE AC/BLIMP IVSD US WVD POLICY NUMBER POLICY EFF IMM/DD/YYYY) POLICY EXP (MMIDDIYYYYI LIMITS -- X COMMERCIAL GENERAL LIABILITY EACH OCCURRENCE $ 2,000,000 $ 300,000 A CLAIMS -MADE X OCCUR DAMAGE 70 PREM SES a occurrence) X B4022990395 3/4/2016 3/4/2017 MED EXP (Any one person) $ 10,000 PERSONAL &ADV INJURY $ 2,000,000 GEN'L AGGREGATE LIMIT APPLIES PER: GENERAL AGGREGATE $ 4,000,000 POLICY jpg LOC PRODUCTS - COMP/OP AGG $ 9,000,000 4OTHER: _ $ AUTOMOBILE LIABILITY C[E MBIHd SINGLE LIMIT$ 1,000,000 X ANY AUTO BODILY INJURY (Per person) $ B ALLOWNED SAUTOS _ SCHEDULEDAUTO AUTOS B4022998431 3/4/2016 3/4/2017 BODILY INJURY (Peracddent) $ HIRED _ NON -OWNED AUTOS PROPERTY DAMAGE (Per aed 0+j $ Uninsured motorist B1 split limit $ X UMBRELLA LIAR X OCCUR EACH OCCURRENCE $ 3, 000, 000 O EXCESS LIAR CLAIMS -MADE AGGREGATE $ 3, 000, 000 DED X RETENT1ON$ 10,000 54022998526 3/4/2016 3/4/2017 $ WORKERS COMPENSATION PER OTH- STATUTE ER AND EMPLOYERS' LIABILITY.)IC ANY PROPRIETOR/PARTNER/EXECUTIVE r-OFFICER/MEMBER E L. EACH ACCIDENT $ 1,000,000 B EXCLUDED? (Mandatory In NH) N / A WC422998476 3/4/2016 3/4/2017 E.L. DISEASE - EA EMPLOYE$ $ 1,000,000 If yes, describe under DESCRIPTION OF OPERATIONS below E.L. DISEASE - POLICY LIMIT $ 1,000,000 DESCRIPTION OF OPERATIONS / LOCATIONS / VEHICLES (ACORD 101, Additional Remarks Schedule, may be attached If more space Is required) CERTIFICATE HOLDER IS NAMED AS ADDITIONAL INSURED ONLY IF REQUIRED BY WRITTEN CONTRACT WITH RESPECTS TO GENERAL LIABLITY AS PER THE ATTACHED SB146935-C 06/11. CERTIFICATE HOLDER CANCELLATION CITY OF LA QUINTA 78495 CALLE TAMPICO LA QUINTA, CA 92253 SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS. AUTHORIZED REPRESENTATIVE (Michael Wakely/PHYLL /� r e7 -, ACORD 25 (2014/01) INS025 (7014011 © 1988-2014 ACORD CORPORATION. All rights reserved. The ACORD name and logo are registered marks of ACORD CNA SB -146935-C (Ed. 06/11) THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. BLANKET ADDITIONAL INSURED - OWNERS, LESSEES OR CONTRACTORS - WITH PRODUCTS COMPLETED OPERATIONS COVERAGE This endorsement modifies insurance provided under the following: BUSINESSOWNERS LIABILITY COVERAGE FORM A. Paragraph C. WHO IS AN INSURED is amended to C. include as an additional insured: 1. Any person or organization whom you are required by written contract to add as an additional insured on the Businessowners Liability Coverage Form. B. The insurance provided to the additional insured is limited as follows: 1. The person or organization is an additional insured only with respect to liability for "bodily injury," "property damage," or "personal and advertising injury" caused in whole or in part by: a. Your acts or omissions; or b. The acts or omissions of those acting on your behalf in the performance of your ongoing operations specified in the written contract; or c. your work" that is specified in the written contract but only for "bodily injury° or "property damage" included in the products completed operations hazard, and only if : (1) The written contract requires you to provide the additional Insured such coverage; and (2) Thls Coverage Form provides such coverage. 2. We will not provide the additional insured any broader coverage or any higher limit of insurance than the least that is: a. Required by the written contract; b. Described in B.1. above; or c. Afforded to you under this policy. 3. This insurance is excess of all other insurance available to the additional insured, whether on a primary, excess, contingent or any other basis. But if required by the written contract, this insurance will be primary and non-contributory relative to insurance on which the additional insured is a Named Insured. SB -146935-C (Ed. 06/11) D. The insurance provided to the additional insured does not apply to "bodily Injury," "property damage," or "personal and advertising injury" arising out of: a. The rendering of, or the failure to render, any professional architectural, engineering, or surveying services, including: (1) The preparing approving, or failing to prepare or approve maps, shop drawings, opinions, reports, surveys, field orders, change orders or drawings and specifications; and (2) Supervisory, Inspection, architectural or engineering activities. b. "Bodily Injury," "property damage ' or "personal and advertising injury" arising out of any premises or work for which the additional insured is specifically listed as an additional insured on another endorsement attached to this Policy. Section E. of the Businessowners General Liability Conditions is amended as follows: The Duties in the Event of Occurrence, Offense, Claim or Suit condition is amended to add the following additional conditions applicable to the additional insured: An additional Insured under this endorsement will as soon as practicable: a. Give us written notice of an "occurrence" or an offense which may result in a claim or "suit" under this insurance, and of any claim or "suit" that does result; b. Tender the defense and indemnity of any claim or "suit" to any other insurer or self insurer whose policy or program applies to all Toss we cover under this Policy; c. Except as provided in Paragraph B.3. of this endorsement, agree to make available any other insurance the additional insured has for a loss we cover under this Policy; and d. Send us copies of all legal papers received, and otherwise cooperate with us in the investigation, defense, or settlement of the claim or "suit." We have no duty to defend or indemnify an additional insured under this endorsement until we Page 1 of 3 1111 CNA receive from the additional insured written notice of a claim or "suit." E. With respect only to the Insurance provided by this J. endorsement, the first sentence of Paragraph H.1. Other Insurance Condition in the Businessowners Common Policy Conditions, is deleted and replaced with the following: Other Insurance 1. This insurance is primary and non-contributory except when rendered excess by this endorsement, or when Paragraph 2. below applies. F. The provisions of the written contract or written agreement do not in any way broaden or amend this Policy. G. Blanket Waiver of Subrogation We waive any right of recovery we may have against: 1. Any person or organization with whom you have a written contract that requires such a waiver. H. Broad Knowledge of Occurrence The following items are added to E. Businessowners General Liability Conditions in the Businessowners Uabllity Coverage Form: e. Paragraphs a. and b. apply to you or to any additional Insured only when such "occurrence," offense, claim or "suit" Is known to: 1. You or any additional insured that is an individual; (2) Any partner, if you or an additional insured is a partnership; (3) Any manager, if you or an additional insured is a limited liability company; (4) Any "executive officer" or insurance manager, if you or an additional Insured is a corporation; (5) Any trustee, if you or an additional insured is a trust; or (6) Any elected or appointed official, if you or an additional insured is a political subdivision or public entity. This paragraph e. applies separately to you and any additional Insured. I. Bodily Injury Section F. Liability and Medical Expenses Definitions, item 3. "Bodily Injury" is deleted and replaced with the following: "Bodily Injury" means bodily Injury, sickness or disease sustained by a person, including death, humiliation, shock, mental anguish or menial injury by SB -146935-C (Ed. 06/11) SB -146935-C (Ed. 06/11) that person at any time which results as a consequence of the bodily injury, sickness or disease. Expanded Personal and Advertising Injury Definition A. The following Is added to Section F. Liability and Medical Expenses Definitions, Item 14. Personal and Advertising injury, in the Businessowners General Liability Coverage Form: h. Discrimination or humiliation that results in injury to the feelings or reputation of a natural person, but only if such discrimination or humiliation Is: 1. Not done intentionally by or al the direction of: a. The insured; or b. Any "executive officer," director, stockholder, partner, member or manager (if you are a limited liability company) of the insured; and 2. Not directly or indirectly related to the employment, prospective employment, past employment or termination of employment of any person or person by any insured. B. The following Is added to Exclusions, Section B.: (15) Discrimination Relating to Room, Dwelling or Premises Caused by discrimination directly or indirectly related to the sale, rental, lease or sub -lease or prospective sale, rental, lease or sub -lease of any room, dwelling or premises by or at the direction of any Insured. (16)Fines or Penalties Fines or penalties levied or Imposed by a governmental entity because of discrimination. C. This provision (Expanded Personal and Advertising Injury) does not apply if Personal and Advertising Injury Liability is exduded either by the provisions of the Policy or by endorsement. D. Personal and Advertising Injury Re -defined Section F. Liability and Medical Expenses Definitions, item 14, Personal Advertising Injury, Paragraph c. Is replaced by the following: c. The wrongful eviction from, wrongful entry into, or invasion of the right of private occupancy of a room dwelling or premises that a person or organization occupies Page 2 of 3 SNA committed by or on behalf of Its owner, landlord or lessor. SB -146935-C (Ed. 06/11) f SB -146935-C (Ed. 06/11) Page 3 of 3 CALIFORNIA FORM 700 FAIR POLITICAL PRACTICES COMMISSION A PUBLIC DOCUMENT Please type or print in ink, STATEMENT OF ECONOMIC INTERESTS COVER PAGE NAME OF FILER (LAST) (FIRST) Lidgard Scott Alan (MIDDLE, 1. Office, Agency, or Court Agency Name (Do not use acronyms) City of La Quinta Division Board, Department Districl if applicable Your Position Consultant (Real Estate Appraiser) I. If fling for multiple positrons, list below or on an attachment. (Do not use acronyms) Agency Positron, 2. Jurisdiction of Office (Check at least one box) ❑ State ❑ Multi -County ❑ City of La Quinta ❑ Judge or Court Commissioner (Statewide ;jurisdiction) county of Riverside ❑ Other 3. Type of Statement (Check et least one box) I2 Annual: The period covered is January 1, 2015, through Deccrnber 31, 2015 •Or• The period covered is • December 31 2015 through ❑ Assuming Office: Date assumed _I • ❑ Candidate: Election year ❑ Leaving Office: Date Left (Check ane) O The period covered is January 1, 2015 through the date of leaving office. -or- Q The period covered is __1-- through the date of leaving office, and office sought, if ditfefent than Pal 1 4, Schedule Summary (must complete) I. Total number of pages Including this cover page: 1 Schedules attached ❑ Schedule A•1 • Investments - schedule attached ❑ Schedule A-2 - Investments - schedule attached ❑ Schedule B - Acer Properry - schedule attached -or- • None • No reportable interests on any schedule ❑ Schedule C • Income. Loans, & Business Positions - schedule attached ❑ Schedule D - Income - Gifts - schedule attauted ❑ Schedule E • Income - Gifts - Travel Payments - schedule attached 5, Verification mAlum3 ADCRESS STREET ra+ net. s or igen)' .Alo,ese zP.Ba,.frI .:�+3U cormoratr 2592 North Santiago Boulevard C'T.7 Orange starE CA ?;PC(oE 92867 oa-()YAE TELF•'r-)rF huMGE'r. ( 714 ) 633-8441 -VA,I AF[ EES Scott<%L,idgardinc. com I have used all reasonable diligence In preparing this statement. I have reviewed this statement and to the best of my knowledge the informauuQ . nteinett herein and in any attached schedules is true and complete I acknowledge this is a public document I certify under penalty of perjury under the laws of the State of California that the foregoing is true and correC — Date Signed 11/12/2016 Signature aoirhtly CV d :-M 7m -J min —Itte FPPC Form 700)2015/2015) FPPC Advice Email: advice@fppc.ca.gov FPPC Toll -Free Helpline; 866/275-3772 www.fppc,ca.gov