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12-057 Hulberg and Associates, Appraisal of Civic Center % AGREEMENT CITY OF CUPERTINO - 10300 Torre Avenue City or Cupertino,CA 95014 Cupertino 408-777.3200 NO. BY THIS AGREEMENT made and entered into on the STH day of �A2GH cam.01 by and between the CITY QF CUPERTINO(Hereinafter referred to as CITY)and Name(1) 1I,41,ur r r✓u(r'..'rJ (2) Address On N• IVA r kr- r'f`. _City Zip q 5/13 Phone 270'-IS 2/) 4- (Hereinafter referred as CONTRACTOR), in consideration of their mutual covenants,the parties hereto agree as follows: CONTRACTOR shall provide or furnish the following specified services and/or materials: As s M"racu 3, 20'Z ASS IE+N►-1 /T—Gor∎I14)ayAT,a../ LE'T`fi'. EXHIBITS:The following attached exhibits hereby are made part of this Agreement 1-1.40:2GH 20'2 h5S ►-4 tbn,1 r-1 rt4yATOr-) L1=Tr tom. TERMS:The services and/or mat dais furnished under this Agreement shall commence on 3-5- 12 and shall be completed before 141i9 COMPENSATION:For the full performance of this Agreement,CITY shall pay CONTRACTOR: SIcio . D c GENERAL TERMS AND CONDITIONS Hold Harmless.Contractor agrees to save and hold harmless the City,Its officers,agents and employees from any and all damage and liability of every nature,Including all costs of defending any claim,caused by or arising out of the performance of this Agreement.City shall not be liable for acts of Contractor in performing services described herein. Insurance.Should the City require evidence of insurability Contractor shall file with City a Certificate of Insurance before commencing any services under this Agreement.Said Certificate shalt be subject to the approval of City's Director of Administrative Services. • Non-Discrimination.No discrimination shall be made in the employment of persons under this Agreement because of the race,color,national origin,ancestry,religion or sex of such person. Interest of Contractor.It is understood and agreed that this Agreement is not a contract of employment In the sense that the relation of master and servant exists between City and undersigned.At all times Contractor shall be deemed to be an Independent contractor and Contractor is not authorized to bind the City to any contracts or other obligations In executing this Agreement.Contractor certifies that no one who has or will have any financial interest under this Agreement is an officer or employee of City. Changes.This Agreement shall not be assigned or transferred without the written consent of the City.No changes or variations of any kind are authorized without the written consent of the City. CONTRACT WOO CO-ORDINATOR and representative for CITY shall be: NAMETDAY 10 OO ._ DEPARTMENT I KIANC. This Agreement shall become effective upon its execution by CITY,in witness thereof,the parties have executed this Agreement the day and year first written above. CONTRACTOR: //' CITY OF UPERTINO: • By 'f` �/l'r" - By _ I / dJ 0_4L— trueF Title '1rer i4iI Tit e 4 re c Tae. .„ ..car i<721/1 G =7• -00 t� 115` APPROVALS EXPENDITURE DISTRIBUTION DEPARTMENT HEAD DATE ACCOUNT NUMBER AMOUNT 73(05=g 30 -s013 S000,Old CRY CLERK DATE HULBERG & ASSOCIATES REAL ESTATE APPRAISERS Norman C.Hu!borg.MAI March 3,2012 Walter D.Camay,MAI Stephan D.Kuhnho1T,MAI,ASA John A.Nines,SRA Yvonne J.Drones,MAI VIA E-Mail Only Janis A.Laminar,SRA Charles R.Morquelino,MA,SRA Larry W.Null/erg.MAI David Woo Rebecca J.names City of Cupertino Outdo M.Villanueva 10300 Torre Avenue Josh Fro S,Ph,MAI Cupertino,CA 95014 Marla Aj6 bD Russell.Sherwood Ryan A.LorenMI Re: Appraisal of Civic Center Site Jeremy nergy Torre Avenue at Rodrigues Avenue Georgia Kuhnhof a`� Richard Taylor Cupertino,CA Nicholas P.Cadlgan APN 369-31-33 Nolan Tong Albert Lam Dear Dave: 'Illcon Valley Office One North Market Sheet San Jose,CA 05173-2214 At your request, we are pleased to confirm our assignment to value the above (408)279.1620 9.75-acre parcel. You have provided us with the City's standard "Agreement", a (406)279-3428(fax) copy of which is attached to this email.The letter will confirm the scope of work. E-mail:haailitta72,dpems,201 Beat Bev OMq It is our understanding that this appraisal will be used in transferring your existing 3100 Crow Canyon Plea,SM.245 bonds (on land valued by Hulberg in 2002) to this site on Torre Avenue. The Son Ramon, 5631336 scope of work is to value the land only —the existing improvements will not be (925)s27-,68o P Y — g p (925)327.1699 0818 appraised. h-may igniNiatiagilafn We will provide a summary appraisal report. The report will comply with the 225 Crossroads Blvd.,t Uniform Standards of Professional Appraisal Practice and the requirements of the 225 Crossroads BML,8320 PP Canal.CA 93973 Appraisal Institute. We will provide two hard copies of the report. The property (408)279-1520 will be valued based on its market value as though in the private sector. This is w068279J428(Iav) E-may:iffiffliffitakalOODLEffed typical of how public lands are usually appraised. Central Yeller Office Because the City, and presumably the bondholders, is familiar with the site and 2813 Coffee Road,guile E-2 Modesto,CA 95355 surroundings,the descriptive section of the report will be abbreviated. Instead,we 120915694450 will focus on an analysis of comparable land sales. (206)009.0451(lac) Email:eamaiaalitau hero eren HULBERG&ASSOCIATES,INC. David Woo City of Cupertino March 3,2012 Page 2 of 2 In order to appraise this property for you,please provide as much of the following information as possible. We realize you may not have some of these items: •' title report (we are mainly interested in easements and any deed restrictions) • name of a planner who might be able to discuss the likely uses of this property if it were in the private sector (based on my knowledge of the area, some sort of mixed office and multi-residential use seems logical) • information regarding the existence, if any, of contamination, soils problems or other property deficiencies • any other information you have that will assist us in appraising the property Our project manager for this assignment will be Steve Kuhnhoff, MAI, Senior Vice President. Please contact either Steve or me with any questions. You can reach Steve at stevenk©hulberg.com or(926) 327-1660 x203. We are looking forward to completing this assignment for you. Sincerely, Norman C.H erg,MM Certified-G eral Appraiser#AG003542 HULBERG&ASSOCIATES,INC.