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HomeMy WebLinkAbout05483 - AMERICAN APPRAISAL ASSOCIATES INC FIXED ASSET INVENTORY SERVICES DOCUMENT TRACKING Page: 1 Report: One Document Detail August 21, 2008 Condition: Document Numbera5483, Document# Description Approval Date Expiration Date Closed Date A5483 Fixed Asset Inventory Services 05/16/2007 Company Name: American Appraisal Associates, Inc. Address: 411 E Wisconsin Ave., 19th Floor, Milwaukee, WI 53202 Contact: Paul Harthett, Sr. Vice-Pres. Group: FINANCE Contract Amt. Total Paid Balance Service: In File $37,500,00 $37,500.00 xRef: CRAIG GRAVES (760) 323-8229 Ins. Status: Certificate and Policies are OK Document Tracking Items: Due Comoleted Tracking Amount Amount Code Ifeim-11 cription Date Date Date Added Paid JT To City Attorney for review and signature 05/23/2007 JT Received Agreement from Procurement. 05/23/2007 05/23/2007 kdh to CM for Sig 0513012007 kdh distrib to Procurement- IN FILE 06/05/2007 kdh /MO 8044 05/16/2007 $37,500 00 END OF REPORT ' wk � w CONSULTING SERVICES AGREEMENT American Appraisal Associates Inc., for Fixed Asset Inventory Services THIS AGREEMENT FOR CONSULTING SERVICES (the "Agreement") is made and entered into this day o£++Mw, 2007, by and between the City of Palm Springs, a California charter city and municipal°cox oration (`City"), and American Appraisal Associates Inc., ("Consultant"). RECITALS A. City requires the services of a consultant firm to conduct a fixed asset inventory per the requirements and specifications in Request for Proposals 09-07 ("Project"). B. Consultant has submitted to City a proposal to provide fixed asset inventory services to City pursuant to the terms of this Agreement. C. Based on its experience, education, training, and reputation, Consultant is qualified to provide the necessary services to City for the Project and desires to provide such services. D. City desires to retain the services of Consultant for the Project. I NOW, THEREFORE, in consideration of the promises and mutual agreements contained herein, City agrees to retain and does hereby retain Consultant and Consultant agrees to provide services to the City as follows: AGREEMENT I. CONSULTANT SERVICES 1.1 Scope of Services. In compliance with all terms and conditions of this Agreement, Consultant shall provide fixed asset inventory services to City as described in the Scope of Services/Work attached to this Agreement as Exhibit "A' as well as Optional Service #1 of detennining the Replacement Cost of all Insurable Assets, and incorporated herein by reference (the "services" or "work"), which includes the agreed upon schedule of performance and the schedule of fees. Consultant warrants that all services and work shall be performed in a competent, professional, and satisfactory manner in accordance with all standards prevalent in the industry. In the event of any inconsistency between the terms contained in the Scope of Services/Work and the ternis set forth in the main body of this Agreement, the terms set forth in the main body of this Agreement shall govern. 1.2 Compliance with Law. All services rendered under this Agreement shall be provided by Consultant in accordance with all applicable federal, state, and local laws, statutes and ordinances and all lawful orders, rules, and regulations promulgated thereunder. 1.3 Licenses and Permits. Consultant shall obtain at its sole cost and expense such licenses, permits, and approvals as may be required by law for the performance of the services required by this Agreement_ 1 Revised:3/23107 507639,1 ORtGNe ,A L 51D Au"J DI 0 P% AGRECMEFJT i 1.4 Familiarity with Work. By executing this Agreement, Consultant warrants that it has carefully considered how the work should be performed and fully understands the facilities, difficulties, and restrictions attending performance of the work under this Agreement. 2. TIME FOR COMPLETION. The time for completion of the services to be performed by Consultant is an essential condition of this Agreement. Consultant shall prosecute regularly and diligently the work of this Agreement according to the agreed upon schedule of performance set forth in ,Exhibit "A." Consultant shall not be accountable for delays in the progress of its work caused by any condition beyond its control and without the fault or negligence of Consultant. Delays shall not entitle Consultant to any additional compensation regardless of the party responsible for the delay. 3. COMPENSATION OF CONSULTANT 3.1 Compensation, of Consultant. ,For the services rendered pursuant to this Agreement, Consultant shall be compensated and reimbursed, in accordance with the schedule of fees set forth in Exhibit "A," Cost Schedule (A) for Fixed Asset Inventory Services in the amount of$32,500 and Cost Schedule(B)for Optional Service of determining Replacement Cost for all Insurable Assets in the amount of$5,000, which total amount for all services shall not exceed$37,500. 3.2 Method of Payment. In any month in which Consultant wishes to receive payment, Consultant shall no later than the first working day of such month, submit to City in the form approved by City's finance director, an invoice for services rendered prior to the date of the invoice. Payments shall be based on the hourly rates as set forth in Exhibit "A" for authorized services performed. City shall pay Consultant for all expenses stated thereon, which are approved by City consistent with this Agreement, within thirty (30) days of receipt of Consultant's invoice. 3.3 Channes. In the event any change or changes in the Scope of Services(Work is requested by City, the parties hereto shall execute a written amendment to this Agreement, setting forth with particularity all terms of such amendment, including, but not limited to, any additional fees. An amendment may be entered into: A. To provide for revisions or modifications to documents or other work product or work when documents or other work product or work is required by the enactment or revision of law subsequent to the preparation of any documents, other work product, or work; B. To provide for additional services not included in this Agreement or not customarily furnished in accordance with generally accepted practice in Consultant's profession. 3A Appropriations. This Agreement is subject to and contingent upon funds being appropriated therefore by the City Council of City for each fiscal year covered by the Agreement, If such appropriations are not made, this Agreement shall automatically terminate without penalty to City. Consultant shall be compensated for all services rendered prior to receipt of the notice of termination, 2 Revived:323l07 507639.2 i 4. PERFORMANCE SCHEDULE 4.1 Time of Esscncc. Time is of the essence in the performance of this Agreement_ 4.2 Schedule of Performance. All services rendered pursuant to this Agreement shall be performed pursuant to the agreed upon schedule of performance set forth in Exhibit"A." The extension of any time period must be approved in writing by the Contract Officer. 4.3 ForceForce_ Maleure. The time for performance of services to be rendered pursuant to this Agreement may be extended because of any delays due to unforeseeable causes beyond the control and without the fault of negligence of Consultant, including, but not limited to, acts of God or of a public enemy, acts of the government, fires, earthquakes, floods, epidemic, quarantine restrictions, riots, strikes, freight embargoes, and unusually severe weather if Consultant shall within ten(10) days of the commencement of such condition notify the Contract Officer who shall thereupon ascertain the facts and the extent of any necessary delay, and extend the time for performing the services for the period of the enforced delay when and if in the Contract Officer's judgment such delay is justified, and the Contract Officer's determination shall be final and conclusive upon the parties to this Agreement. 4.4 Term. Unless earlier terminated in accordance with Section 9.5 of this Agreement, this Agreement shall continue in full force and effect for a period of six months, from the date of execution,unless extended by mutual written agreement of the parties_ 5. COORDINATION OF WORK 5.1 Representative of Consultant. The following principal of Consultant is hereby designated as being the principal and representative of Consultant authorized to act in its behalf with respect to the services and work. specified herein and make all decisions in concoction therewith: Juan Iverson, Assistant'Vice President. It is expressly understood that the experience, knowledge, education, capability, and reputation of the foregoing principal is a substantial inducement for City to enter into this Agreement. Therefore, the foregoing principal shall be responsible during the term of this Agreement for directing all activities of Consultant and devoting sufficient time to personally supervise the services hereunder. The foregoing principal may not be changed by Consultant without prior written approval of the Contract Officer. 5.2 Contract Officer. The Contract Officer shall be the City Manager, or his/her designee. It shall be the Consultant's responsibility to keep the Contract Officer, or His/her designee, fully informed of the progress of the performance of the services and Consultant shall refer any decisions that must be made by City to the Contract Officer. Unless otherwise specified herein, any approval of City required hereunder shall mean the approval of the Contract Officer. 5.3 Prohibition AyYainst Subcontracting or Assignment. The experience, knowledge, education, capability, and reputation of Consultant, its principals and employees, were a substantial inducement for City to enter into this Agreement. Therefore, Consultant shall not contract with any other individual or entity to perform in whole or in part the services required hereunder without the express written approval of City. In addition, neither this 3 Revised 3/2=7 5076392 i Agreement nor any interest herein may be assigned or transferred, voluntarily or by operation of law, without the prior written approval of City. 5.4 Independent Contractor. Neither City nor any of its employees shall have any control over the i minter, mode, or means by which Consultant, its agents or employees, perform the services required herein, except as otherwise set forth herein. Consultant shall perform all services required herein as an independent contractor of City and shall not be an employee of City and shall remain at all times as to City a wholly independent contractor with only such obligations as are consistent with that role; however, City shall have the right to review Consultant's work product, result, and advice. Consultant shall not at any time or in any manner represent that it or any of its agents or employees are agents or employees of City. 5.5 Personnel. Consultant agrees to assign the following individuals to perform the services set forth herein. Consultant shall not alter the assignment of the following personnel without the prior written approval of the Contract Officer. Acting through the City Manager, the City shall have the unrestricted right to order the removal of any personnel assigned by Consultant by providing written notice to Consultant. Name: Title: Paul Hartnett Senior Vice President Brian Roe Vice President Juan Iverson Assistant Vice President Earl Criddle Manager Quang Train Project Participant Paul Gmenwald Project Participant Bharat Kanodia Project Participant G. INSURANCE Consultant shall procure and maintain, at its sole cost and expense, policies of insurance as set forth in Exhibit"B,"which is attached hereto and is incorporated herein by reference. 7. INDE1VINIFICATION. To the fullest extent permitted by law, Consultant shall defend (at Consultant's sole cost and expense), indemnify, protect, and hold harmless City, its elected officials, officers, employees, agents, and volunteers (collectively the"hrderxmifaed Parties"), from and against any and all liabilities, actions, suits, claims, demands, losses, costs, judgments, arbitration awards, settlements, damages, demands, orders, penalties, and expenses including legal costs and attorney fees (collectively "Claims"), including but not limited to Claims arising&ornr injuries to or death of persons (Consultant's employees included), for damage to property, including 4 Revised:3M(07 50789.2 property owned by City, arising from the negligent or intentional misconduct of Consultant, its officers, employees, representatives, and agents, which Claims arise out of or are related to Consultant's performance under this Agreement, but excluding such Claims arising from the negligence or willful misconduct of the City, its elected officials, officers, employees, agents, and volunteers. Under no circumstances shall the insurance requirements acid limits set forth ill this Agreement be construed to limit Consultant's indemnification obligation or other liability hereunder_ 8. RECORDS AND REPORTS 8.1 Reports. Consultant shall periodically prepare and submit to the Contract Officer such reports concerning the performance of the services required by this Agreement as the Contract Officer shall require. 8.2 Records. Consultant shall keep such books and records as shall be necessary to properly perform the services required by this Agreement and enable the Contract Officer to evaluate the performance of such services. The Contract Officer shall have full and free access to such books and records at all reasonable times, including the right to inspect, copy, audit, and make records and transcripts from such records. 8.3 Ownership of Documents. All drawings, specifications, reports, records, documents, and other materials prepared by Consultant in the performance of this Agreement shall be the property of City and shall be delivered to City upon request of the Contract Officer or upon the termination of this Agreement, and Consultant shall have no claim for further employment or additional compensation as a result of the exercise by City of its full rights or ownerslup of the documents and materials hereunder. Consultant may retain copies of such documents for its own use. Consultant shall have an unrestricted right to use the concepts embodied therein. 8.4 Release of Documents. All drawings, specifications, reports, records, documents, and other materials prepared by Consultant in the performance of services under this Agreement shall not be released publicly without the prior written approval of the Contract Officer. 8.5 Cost Records. Consultant shall maintain all books, documents, papers, employee time sheets, accounting records, and other evidence pertaining to costs incurred while performing under this Agreement and shall make such materials available at its offices at all reasonable tunes during the term of this Agreement and for three (3) years from the date of final payment for inspection by City and copies thereof shall be promptly furnished to City upon request. 9. ENFORCEMENT OF AGREEMENT 9.1 California Law. This Agreement shall be construed and interpreted both as to validity and to performance of the parties in accordance with the laws of the State of California. Legal actions concerning any dispute, claim, or matter arising out of or in relation to this Agreement shall be instituted in the Superior Court of the County of Riverside, State of California, or any other appropriate court in such county, and Consultant covenants and agrees to submit to the personal jurisdiction of such court in the event of such action. 5 Revised:3123107 507639 7 9.2 Waiver_ No delay or omission in the exercise of any right or remedy of a non- defaulting party on any default shall impair such right or remedy or be construed as a waiver_ No consent or approval of City shall be deemed to waive or render unnecessary City's consent to or approval of any subsequent act of Consultant. Any waiver by either party of any default must be in writing and shall not be a waiver of any other default concerning the same or any other provision of this Agreement. 9.3 Rights and Remedies are Cumulative. Except with respect to rights and remedies expressly declared to be exclusive in this Agreement, the rights and remedies of the parties are cumulative and the exercise by either parry of one or more of such rights or remedies shall not preclude the exercise by it, at the same or different times, of any other rights or remedies for the same default or any other default by the other party. 9.4 Legal Action. In addition to any other rights or remedies, either party may take legal action, in Iaw or in equity, to cure, correct, or remedy any default, to recover damages for any default, to compel specific performance of this Agreement, to obtain injunctive relief, a declaratory judgment, or any other remedy consistent with the purposes of this Agreement. 9.5 'Termination Prior to Expiration of Term. City reserves the right to terminate this Agreement at any time, with or without cause, upon thirty (30) days written notice to Consultant, except that where termination is due to the fault of Consultant and constitutes an immediate danger to health, safety, and general welfare,the period of notice shall be such shorter time as may be determined by the City. Upon receipt of the notice of termination, Consultant shall immediately cease all services hereunder except such as may be specifically approved by the Contract Officer. Consultant shall be entitled to compensation for all services rendered prior to receipt of the notice of termination and for any services authorized by the Contract Officer thereafter. Consultant may terminate this Agreement, with or without cause, upon thirty (30) days written notice to City. 10. CITY OFFICERS AND EMPLOYEES, NON-DISCRIMINATION 10.1 Non-Liability of City Officers and Employees. No officer or employee of City shall be personally liable to the Consultant, or any successor-in-interest, in the event of any default or breach by City or for any amount which may become due to the Consultant or its successor, or for breach of any obligation of the terms of this Agreement, 10.2 Covenant Against Discrimination; Consultant covenants that, by and for itself, its heirs, executors, assigns, and all persons claiming under or through them, that there shall be no discrimination or segregation in the performance of or in connection with this Agreement regarding any person or group of persons on account of race, color, creed, religion, sex, marital status, disability,sexual orientation, national origin, or ancestry. 11. MISCELLANEOUS PROVISIONS 11.1 Notice. Any notice, demand, request, consent, approval, or communication either party desires or is required to give to the other party or any other person shall be in writing and either served personally or sent by pre-paid, first-class mail to the address set forth below. Either party may change its address by notifying the other party of the change of address in writing. 507639.2 6 Rev1sed:3/23107 Notice shall be deemed communicated seventy-two (72)hours from the time of mailing if mailed as provided in this Section. To City: City of Palm Springs Attention: City Manager&City Clerk 3200 E. Tahquitz Canyon Way Palm Springs, California 92262 To Consultant: American Appraisal Associates Attention:7uan Iverson, Asst. Vice President 11835 Olympic Boulevard, Suite 1050 Los Angeles, CA 90064 11.2 Integrated Agreement. This Agreement contains all of the agreements of the parties and cannot be amended or modified except by written agreement. 11.3 Amendment. This Agreement may be amended at any time by the mutual consent of the parties by an instrument in writing. 11.4 Severability. In the event that any one or more of the phrases, sentences, clauses, paragraphs,or sections contained in this Agreement shall be declared invalid or unenforceable by valid judgment or decree of a court of competent jurisdiction, such invalidity or unenforceability shall not affect any of the remaining phrases, sentences, clauses, paragraphs, or sections of this Agreement,which shall be.interpreted to carry out the intent of the parties hereunder. 11.5 Authority. The persons executing this Agreement on behalf of the parties hereto warrant that they are duly authorized to execute this Agreement on behalf of said parties and that by so executing this Agreement the parties hereto are formally bound to the provisions of this Agreement. (SIGNATURE PAGE SEPARATELY ATTACHED] '] Revised,2/23/07 5076392 i , IN WITNESS WHEREOF, the parties have executed this Agreement as of the dates stated below. "CITY" City of Palm Springs Date: c) olj� Zook By: David Ii- Ready City Manager Not-To-Exceed $ Intialed: APPROVED AS TO FORM: ATTEST By: LG44 Doug s C_ Holland, Ydrnes Thompson, - City Attorney City Clerk "CONSULTANT" _ American Appraisal Associates, lnc, Date:� �/�-} 67 By : —T (name) ff 6j Date: �5�z &,LLt/ ,J (name) CILF{ 6. A6S. l (secretary) APPROVED BY CITY COUNCIL 1 8 Ftedued'3l23/07 507Q3 2 I EXHIBIT "A" CONSULTANT'S SCOPE OF SERVICES/WORK Including, Schedule of Fees And Schedule of Performance i I g ae��sed:3rzaia7 507639-2 f � I_J I � l American Appraisal Associates' Proposal to Provide L� GASB 34 Appraisal Services for I � i � CAPITAL ASSET INVENTORY AND VALUATION SERVICES n FOR GASB 34 IMPLEMENTATION L J April 18, 2007 _I Submitted by: .Yuan Iverson Assistant Vice President 7 American Appraisal Associates 11835 Olympic Boulevard, Suite 1050 Los .Angeles, CA 90064 Phone: (310) 312-8050 1 Fax (310) 312-8058 Email address: iiverson@aaerican-anpraisal.com United 5wa Wornational LI gtlanG NwYm ��. cmp;l Jap 11 chsq.H' Ncwodaans C� �d span onlcno Now York china P.,Wu ;l elnGnns4 PLHnbV 1phi-' tm RepuClre R.,q, 001solt Pidspergn American Appraisal Assoaiatesm Fms apan 17oGolt Pnnrnmn I Gm TitiiHouslen Ban Pran^J:co 11835 Wst Olympic Boulevard Gncee Uned 1G ngdon LisleW,F hinrn Lisle wsnfngmn O.0 Suite 1050E Hungsry LesgngCJcs Los Angeles,California 90064 I Telephona(310)312-8050 fh Fax(310)312-8058 vnvw.american-appralsalmm ' American ApptaisaP's M1fh Year _I April 18, 2007 REVISED lY� Mr- Craig L- Gladders, C-P.M. Procurement and Contracting Manager CJ Fixed Asset Inventory Proposal City of Palm Springs 3200 E-Tahquitz Canyon Way Palm Springs, CA 92262 Dear Mr. Gladders: r , lul Amelican Appraisal Associates, Inc. ("t#mencan Appraisal") is pleased to provide this technical proposal for professional valuation consulting services. The purpose of our work will be to develop I r a Comprehensive report covering the capital assets of the City of Palm Springs (the "City" or the ILJ, "Client' to assist you in meeting the reporting requirements of the Governmental Accounting r. Standards Board's (GASB) Statement No. 34. ' In developing out recouttnendatious, we have given consideration to the data provided in the City's u R P, and our past experience and expertise in addressing the needs of numerous government r� entities such as the CiLy. American Appraisal, founded in 1896,is the world's largest valuation consulting firm with one of the largest dedicated fitll-time professional staff dedicated to serving the Public Services corrImunity within the valuation. industry. Valuation consulting is our only business. Neither American Appraisal, nor any of its subsidiaries, performs accounting or bookkeeping related services. r_( It is our cornmitment to maintain total independence and protect our clients from any IL+ concerns of a"conflict of interest"with their auditors. �I The implementation of GAS13 34 presents many challenges to governmental entities as financial statements are reconfigated to meet the new reporting requirements of GASB 34, American Appraisal has successfully developed and implemented capital asset reporting programs including the identification of assets, development of historical cost data, lifmg of assets and depreciation calculations. II II In support of our commitment to the public sector we have comnvtted significant staff resouxces in- house to service our clients, in the establishment of industry-wide standards, and in educational fonuns including presentat ons, publications, and continuing education seminars. I-iighlights of our l I involvement in the development of standards include the following: , f Senior members of American Appraisal's staff have spoken with nume+:ous groups to discuss the Iimpact of the development of accurate property management procedures. American Appraisal has worked in partnership with accounting firms, engineering £urns, and governmental entities to develop and implement industty-wide standards for the proper recognition of fixed assets. �J CONCLUSION 'the attached proposal details our methodology to meet your specific requireuxents. If you have any Ll additional questions or concerns, please do not hesitate to contact me at (310) 312-8050 or via e- mail at jiverson@american-appraisalcom- After reviewing our proposal we would welcome the Opportunity to meet with you to discuss questions or additional needs you may have. We look forward to working with you soon, u ltespcctfixlly submitted, Juan rverson i Assistant Vice president r Attachments P D C C P TABLE OF QQNTENTS Page Transmittal Letter I-ILSTORYAND BACKGROUND ................................................. EXPFRMNCE JI RESOURCES Or•A-nffijcCAN APPRAISAL........... .................................................... PROJECTPLANNING...-........ .................................... ................ ................. ...................... '03CHNICAL APPROACH........... 3 F-NGAGFmENrMETjIQD(DLOGY............................................................ 4 BUILDING IMPhOVENMNTS ..........................I.... ....................... ......................4 MOVEABLEEQUIPNMNT.......................................... ........................................4 DATAL1.EmENTs/DFFINrrioNs.------------- ................... ............................................................................ ..4-5 COST M.Erf-ToDoioGy...-.............-............ ...... DE11YERABLES...........................—-------------- ................. ----------------------- .........--..........................................6-7 ENGAGEMENTTEAM............................................................................................................ PROJECTEDT!IMMTABLE............................................... ............. ......... ............... LEI OPTIONAL SERVICES.......................... ..................... ........................9 BEE TF-Rms AND CONDITTONS.................................................... ---10-11 ru GZNERA#L SERVICE CONDITIONS.............................................................................................................12-14 Cf Exhibits A References Ll B Professional Qualifications C Sample Reports rr D Quality Assurance E RrP Forms F Exceptions to RIP D, G property Est SECTION A.] ,J ORGANIZATION HISTORY/BACKGROUND We founded the appraisal profession in the United States in 1896. American Appraisal was formed to provide independent property valuations for use in adjustments and settlements between insurance companies and property owners. We are the oldest and largest independent valuation- consulting firm in the world_ A closely held, employee owned corporation, we Cal cntly have f approximately 882 full.-time employees located in 17 countries throughout the world. Headquartered in 117,ilwaukee, Wisconsin, American Appraisars 25 U.S. locations serve clients from multinational corporations to local school districts. We provide a wide range of professional valuation, appraisal and consulting services to corporate, governmental,and institutional clients on a worldwide basis. Furthermore, American Appraisal has the Iargest dedicated full-time professional staff eom+viittcd to serving the public sector. American Appraisal is uniquely organized as P.multi-disciplined firm with separate practice groups I_I focusing on appraisal and valuation consulting, services_ Out property Appraisal Services Graup (PASG), with a staff of 105, specializes in pesfonaing insurance appraisals and capital asset ! itiventozy,reconciliation, and appraisal consulting services for governueent and not-for-profit clients L including public entity risk pools. Many of these consultants are members of the American Society of Appraisers and several have a degree in engineering or architecture. I_ American Appraisal is an equal opportunity employer and does not discriminate in employment of persons based on race, creed,national origin, sex,age, or physical handicap. ExPERm,NCE Since 2000,American Appraisal has assisted over 830 public sector entities in.cotnplying with GASB L 34_ In addition, we annually process ovct 170 of the entities on an outsourcing basis where the entity decides to have American Appraisal update the capital assets file for them and provide GASB rr compliant reports back to them. L Our GASB services include providing inventory and costing for Land, Land Improvements, fBuildings and iruprovements,Machinery and Equipment, Furniture and Fixtures,and Infrastructure. ` All governments now need to report infrastructure assets with either. consideration of depreciation or data regarding asset condition. This means that the governments need to report in a complete, f accurate and detailed manner to adequately account for and report their mfrasttucture activity. L GASB allows that if determining historical cost is not practical due to inadequate records, reporting should be based on estimates of original cost at the date of construction or purchase. Governments must first report all prospective infrastructure at the effective dates of Statement 34. Retroactive r reporting of infrastructure assets is required four years after the effective dates for all phase I and Il governments. This includes all ma or infrastructure assets that were acquired, reconstructed, or significantly improved in fiscal years ending after June 30, 1980 (encouraged by GASB to go back 1.I further). However, govennments are also encouraged to report all infrastructure assets at the initial implementation elate to avoid possible deficit in net assets. _I City of palm Springs I April 18,2007 4710.07-018 I� We have worked on GASB 34 projects for the States of Hawaii and New York as well as small to medium cities and counties- In California some of our clients have been the City of San Diego, City of Salinas,County of Monterey, City of Maywood, City of San Rafael, County of Inyo,City of San Gabriel- i ItFSOURCEs of AmERICAN APPRAISAL American Appraisal has the staff and resources to satisfactorily complete the GASB 34 project for the City of Pahn Springs. From a Total of over 400 employees in the Unitcd States we have 105 i employees dedicated to our Ptoperty Appraisal Seraices Group that is responsible for perfuming appraisals for the Public Sector and non-profit organizations. Members from our Los Angeles based staff will be responsible for the execution and management of this engagement. � SECTION B. �l PURPOSF It is American Appraisals understanding that the City of Palm Springs requires the assistance of a professional valuation-consulting,firm for the development of detailed property records to support L JI its adoption of the capital asset reporting requirements of Government Accounting Standards Board {GASB) Statement No- 34 (GASB 34). The valuation will be as of Jane 30,2007- � Asxredcan Appraisal will develop a detailed capital asset record ry assist the City's screed to: (a) achieve J property accountability and stewardship of assets, (b) obtain a valuation of assets in compliance with the requirements of GAAP, GASB 34, and GAAFB,and (c) provide data to assist you in monitoring L assets. PROJECT PLANNING A mxeedrig will be held with City's management personnel to establish parameters for the appraisal such as confirmation of capitalization thresholds,accounting depreciation (method, half year Cl convention,lifing, etc), department/cost center control, coding structure (site,building,account, classification, department), confirm work schedule,identify sensitive areas where we will need to be r escorted and sources for cost records. We recommend the City's external auditor also participate in ILJI this meeting. After the meeting a written project plan will submitted to the City for approval. After approval the field inspection will be scheduled. I I CITVs RESPONSIB1,LITIES. J Identify a representative of the City to serve as the primary on-site contact and liaison between the City and American Appraisal - • .Notify department ruanagers of the appraisal through rn=o or emaill and provide American Appraisal with a copy so it can be presented to City staff when requested • Provide a list of Deparnnent contacts including natne, title,and telephone nurabet _j • Provide complete and open access to all designated areas including security escorts for security-sensitive areas. • Provide a cvotk area where there is a telephone and an electric connection for a laptop computer City of Palm Springs 2 April 18,2007 4710-07-018 { A.MER7cAN APPRms Ws RESPONSIBILITIES Develop project work plan for approval by the City and extemal auditors prior to commencement of our field investigations: • Conduct a valuation of the included assets • .Assign an historical cost to all included assets • Assign an accounting life and calculate depreciation on all capitalized assets l • Prepare preliminary mad final reports J • Provide periodic status reports as to our. progress, or challenges, incurred throughout the study from start to delivery I L.I TEcmNICALAPPRoAm The capital assets to be included in this engagement are located in various City-owned facility sites and structures. The :Fatalities include Capital Assets, which comprise typical municipal occupancies (administration, education,police, fire,maintenance,parks, etc.) Asset accounts included in the capital asset study are as follows: • Moveable Equipment(including Licensed Vehicles) �" • Btn'Iditl�mlmpravements Excluded finni the services provided by this proposal are: L1 • Laad • Landlmptovements I 1 i • Buildirt,�as • Itaftastmcture Assets below the capitaGzadou thres/cold in each account ( � .Leased equipment—Opetatfu Leases �j Personal ptoperty ofernployees or others • Supplies/Erpeudablcincentodes Li When equipment is not easily accessible, we will consult with you to gather the information, or the assistance,needed to perform American Appraisal's inventory. C� If desired, computer software, fine arts and ]historical n.,easures, ("Special Assets") can also be incorporated into the record, based on informaiou supplied by the City_ This inf-6-mation must be provided to American Appraisal duririg the initial field inspection to be included in the reports_ We will not inspect, tag or value any of the Special.Assets identified by the City. = I 1 Ciry of P11M Springs 3 April 18,2007 4710-07-018 I � ENGAGEMENT METHODOLOGY -� EUROVvgtmprovements The city has requested to have building improvements included in the scope of this engagement_We will be able,to include building improvements if the data provided by the City includes description of project, acquisition date or completion date, location and cost infortation. We will review*the Infortuation and include in the capital asset report with the appropriate life and depzeciatioa calculations_ `J 11Xoveable.�`gvipment II A detailed inventory of moveable equipment will include a physical inspection of aA owned l equipment with a unit cost in excess of the $ 5,000 capitalizaticil policy. Licensed vehicles will be included based on information provided by the City s Fleet Operations Department. floor plans will be required to assist the inventory team 1n assuring that no areas arc hissed. I` It is our understanding that we will be provided with the City's most recent Fixcd Asset Ledger in electronic format, which will,identify the assets to be inventoried.As part of our deliverable we will provide the city with an unrecorded retirements report, these ate the assets that we were not able to locate from the City's Fixed asset ledger. This report will contain asset number, cost, and LI accumulated depreciation assuming the necessaty data is included in the CiWs fv'red asset ledger. In addition,we will also provide an unrecorded additions report, this report will include any new assets that were identified during tkrc inventory process_ The specific data elements that will be collected for the new assets are described below. It is important to note that we will not be performing a detailed reconciliation to the City's existing fixed asset ledger. To the extent that we match an asset tag number,we will maintain the integrity of ILJI the historical cost and acquisition date information for those assets. Specifre Data ElemerrolDefurxtions r' In preparing the comprehensive fixed asset record of the City's assets,we will provide the following IL J items of data on each asset, as appropriate. The specific data elements to be captured axe: 1. Asset Ucation - A system to identify the physical location of the appraised 1L11 pzoperty (site, floor,room, etc.). r' 2. Building Identification - Where used, existing numerical identifications will Uremain; unidentified space w-1 be numbered sequentially following the last assigned number. 7 3. Department Number - Existing uumbers will be utilized. When not available, American Appraisal will identfy those particular areas. Generally, only one twit number will be applied to a particular space. The largest department repzcsentadon will be utilized. 4. .Asset Number-A sequentially assigned asset number placed on contzolled property by the Fixed Asset System. This can be a bar 1 City of Palm spangs 4 Apvl 18,2007 4710-07-018 I � I l coded tag that is affixed to each controllable asset or a computer-generated number for group-controlled, or untaggable assets. 5. Asset Account Code -A major classification of property to identify-major grouping of assets,i.e., buildings,land improvements, equipment,infrastructure, etc. 6. . Asset Classification Code-A subdivision of property to further identify assets,i.e., outdoor equipment, business machines, data processing equipment, furaitute, audiovisual equipment,books, food service equipment, etc. 7. Fund Code-As provided, and applicable by City. $. Quantity- Unit-controlled (tagged)property will be recorded as one. 9. Asset Description - Manufacturer's name, model, generic nomendatute, and serial number will be utilized for unit-controlled assets. For buildings,we will describe the type of structure,size, square footage,and building materials used. Costing Methodology/Definitions i 1_ HistoricaL Cost -The actual cost of a property to the present owaer- the cost as of the date the property was Fast constructed or originally installed. When historical cost is provided in a usable format, it mill be included. When this information is not readily available, American Appraisal will estimate dac. original cost by applying freverse inflation indices to the cosu of reproduction new. i2 Estimated Original Cost - The estimated oggiml cost of the propcxty in accordance with costs as of the actual or estimated date the p4operty was first Lconstructed, originally installed, or purchased. I Direct Costing - Additional research into the historical cost documented as provided by the City in a readily available and useable format, in the City's property u records for the original construction,improvements and betterments. n4. Normal Costing - Estimated cost based on the cost of reproduction new indexed �LJJ by a reciprocal factor of the price increase ftom the appraisal date to the actual or estimated acquisition dare. I 5. Acquisition Date - When readily available, we will use the actual acquisition date of the property_ In the absence of readily available information, the acquisition date will be estimated based upon American Appraisal's knowledge of the property type and its condition. rl 6. Estimated Life - An estimate will be made of the useful life of each.unit-controlled —� asset and each group-controlled asset. The matter of bistorical lifing practice versus estimated actual lives will be discussed eluting the planning meeting and an acceptable approach will be developed. 7_ Accumulated Depreciation -Will be based on the asset's cost, acquisition date and the estimated useful life utilizing the straight-luxe basis of depreciation. Useful lives will be based on information provided by the City or industry standards. City of Palm Spangs 5 Apal 18.2007 4710-07-018 it DELrVEAAmLEs The City will receive a full complernent of reports reflecting the results of American Appraisal's investigation, to include: 1. A narrative for use by management and outside auditors to assist the City's efforts in meeting GASB 34 capital asset reporting requirements. Z Certificate of Values. 3. Glossary of accounts and descriptive abbreviations used. 4. Customized appraisal reports (available at a nominal charge,upon request). `^l Report -American Appraisal will provide the City with a Summary Appraisal Report,in accordance with the reporting requirements set forth by the Uniform Standards of professional Appraisal Practice ("USPAP"). The report will present only summary discussions of the data, reasoning, and analyses used in the appraisal process to develop American Appraisal's opinion of value. Supporting documentation conctraing.the data, reasoning, and analyses will be retained as a pact of the work papers.Ataericaa Appraisal is not responsible for unauthorized use of its report- Li Statement on Auditing Standards (SAS) No. 70 - The American Institute of Certified Public Accountants (AICPA) Statement on Auditing Standards (SAS) No. 70, S= 07gankations addresses �I audit procedures and tepotts for service organizations that provide services to a user organization that are past of the user organ zatiou's Ftnancial infoT ation system. Ta that context, SAS 70 is applied to orgaaizations that provide financial information systera functions for processing l� transactions such as bank trust departments, application service providers and service bureaus- ` Pticevwaterhouse Coopers, LLP (PWC) has been retained to perform an annual audit of American r., Appraisal's Electronic property Record Asset Information Systcul (eP.RAIS)- PWC has completed their audit of our ORAIS system and issued their report on policies and r I procedures placed in operation and tests of operating effectiveness for ePRAIS in accordance with SAS 70. In particular, the SAS 70 report addresses our. appraisal report production system u calculations for hack-trending, depreciation, accumulated depreciation, and report tools that are C in, to the preparation of our appraisal reports. It should be noted that the SAS 70--rq1 k is. applicable to processing transactions not to the performance of out appraisal procedures- The SAS 70 report is available to our clients and their,independent auditors upon the receipt of their written r, request. IL�I Capital Assets Report- 7,-he Capital Assets Report will include all capital assets with a unit cost ux r excess of the City's Financial capitalization threshold of $5,000 and the related historical. IFU cost/estimated original cost, accumulated depreciation, and current depreciation data fox financial reporting purposes. This information vMl be sorted and reported upon by account. Sample reports are included in Attachment C. Property Accounting Summary Report - The Property Accounting Summary Report will 1 summarize the capital assets by Account ( Building Improvements, Equipment) the Original Cosr, Accumulated Depreciation,and Annual Depreciation. Carp of Palm Spnngs ( April 18,2007 4710-07-018 i Unrecorded Additions Report - The Additions Report will include Capital Assets greater than $5,000 inventoried during fieldwork but not contained in the City's existing records. American Appraisal assumes these items represent moveable equipment assets that were purchased since the last physical inventory. Unrecorded Retitements Report - The Unrecotded Retirements Report will include Capital Assets greater than, 55,000 contained in the City's existing records, but not found during the fieldwork. American Appraisal assumes these items represent moveable equipment assets that were retired since the last physical inventory. However, it should be noted that the items in the Unrecorded Retirements Report could also be included in the Unrecorded Additions Report if their asset tag has been removed since the last physical inventory. It should be noted that the scope of American Appraisal's engagement does not include any reconciliation procedures- JExcel File--The results of our inventory will be provided to the City in an excel spreadsheet- Client's Stated Use - Client hereby affirms that its stated purpose is to use the report created by American Appraisal for financial repotting and property control purposes only- [� The reports above will be issued in two hard copies and two copies on a CD in a PDP format for ease ofreproduction and distribution by the City- ` PERSONN.EL Engagement Tearn Professionals assigned to this project will involve several levels of management: executive review, Jproject manager, contract manager, and the appraisal staff. The project staff will include: �-� Executive Review: Paul Hartnett Senior Vice President Brian Roe C1Vice President .Contract Manager: Juan Iverson Assistant Vice President Engagement Manager: Earl Griddle Manager Project Participants: QuangTran JPaul Gruenwald Bharat Kanodia The above professional staff menibets will have overall responsibility and are key personnel to the successful completion of the assignment. Specific appraisal staff assignments may vary depending l City of Palm Springs 7 April 18,2007 I 4710-07-018 -1 upon current availability at the time of the authorisation to proceed with this project. See Attachment B, Professional Qualifications, for appraises qualifrcations- PRQL CTED TIMETABLE i Assutping prompt authorization,American Appraisal will work with the city to determine a mutually agreed upon start date,and issue a draft report witl-tirt sixty (60) days of the completion of fieldwork. This estitnate is based upon American Appraisal's assumption that it will not expetiencc any change in scope to this agreement, and that the City will not cause American Appraisal to be delayed following the completion of fieldwork. Because of our size, American Appraisal has the resources and flexibility to adjust our schedule to best suit the specific timing requirements of the City. Based on our current staffing and our lunderstanding of the project,we propose the following schedule to complete the engagement- �� Meek 1-2 Development of project Plan and submission to the City for approval Week 3-5 Commence field work Cl Week&7 . Continuation of field work Week 8-9 Costing,and report preparation week 10 Production and delivery of draft report Week 11 Review of preliminary report by the City Week 12 Production of final report L� If the above schedule needs to be altered, we will work with you to arrive at a mutually convenient schedule. American Appraisal will make no investigation of, nor assume any responsibility for, the existence or ll impact of any hazardous substance, which may or may not be present on the property in the development of American Apptaisal's conclusion- if in the course of American Appraisal's investigation, it is informed of or observe any hazardous substance problems with the property, American Appraisal will note it is its report. L.1 C.� 1 City of palan Springs 8 April 18,2007 4710-07-018 i i QPTIQNAL SERVICES- Schedule B The City has requested us to provide a fee related to par.forming three optional services in conjuction with the primary services of the Fixed Asset Inventory, REPLACEMENT COST FOR ALL INSUR"LE,A.SSETS We can provide the City with the replacement cost on dic equipment assets inventoried during the engagement excluding licensed vehicles due to the numerous factors associated with those types of assets_We rvill provide a separate inventory list as a deliverable for this option_ I t.. GPS COORDINATES FOR OUTDOOR ASSET DZvE-NTOR'Y We can provide the City with the GPS coordinates for the outdoor assets inventoried during the engagement Upon visiting the location to gather the information required for the fixed asset inventory we would gather the coordinates at the same time. 1. ` RECOMMENDATIONS FOR FUTURE ASSET INVENTORY UPDATE PROCESSES L.1 Ameucan Appraisal is prepared to assist the City with developing recommendations for the implementation of "best practices" for property management and accounting. Out experienced Iproperty management consultants possess extensive experience in assisting the public sector to identify and correct dcficiencics in the management of and accounting for fixed assets. L � To provide the city with our recommendations, our consultant will conduct a review to identify process duplication, deficiencies, non-value added procedures, and opportunities for improvement, r� based on a review of the following areas: II Property management organization and responsibilities C1 Capital budgeting requirements Property requirements deteranination process Property acquisition process Property receipt control procedures �L J Identification and tagging controls Property records system Property accounting procedures Ptoperty storage and transfer control procedures Property utilization control and management proccdutes Physical inventory practices Property maintenance systems Multiple location control practices Reporting process and procedures Property disposition and retirement controls 7 7 City of Palm Springs 9 April 18,2007 4710 07-018 I I 1 SECTIpN C. I i PEE TE-Rms AND CONDLvoNs A. Fee - American Appraisal's fee takes into consideration, the scope of the project, the technical expertise required by American Appraisal's staff and the titirc.zecluired to complete the assignment. Based on American Appraisal's understanding of the project, fees are as follows (including expenses): Prirnaty Service Capital Asset Appraisal of Assets at the $5,000 Capitalization Threshold: Please see Cost Schedule "A " Optional Services r. Please see Cost Schedule "B" LFees include professional time for planning and executing the wotk through; and including, American Appraisal's final repont. Expenses include those costs fox such items as office and report processing, travel, living, computer charges, postage, and copying, which are directly iacutred by American Appraisal staff while executing the wont -I B. Change in Scope - American Appraisal's fee is based upon information presented to us in the City's ILPP and subsequent responses of pa•oposcr.'s questions. I If you or your representatives ox advisors request material assistance from us beyond that outlined herein and subsequent to the issuance of our final report, we will be able to provide rI assistance at the fee of$125 per hour. If the need arises we can provide an estimate of the fees LI zelated to that assistance and secure your wtitten authorization to proceed prior to initiating any �I services. I� C. Statement of Independence - Ame scan Appraisal's fee is based upon its estimate of professional time to complete the work according to American Appiaisal's understanding of r l City's zequuements and in no way is contingent upon the outcome of its conclusions of value. u D. Invoicing Schedule - American Appraisal will invoice you for professional services rendered (including expenses). Invoices are payable by dre City, upon receipt, and will be issued as the I� engagement progtesses as follows: 30%-Upon Authotization of Engagement JBalance -Progress billings as time is incurred l City of Palm Spnugs 10 April 18,2007 I 4710.07-018 i i Fox your convenience,we are providing our remittance address and wire transfer instructions i Remittance Address American.Appraisal Associates,Inc. Bin 88391 Milwaulree,WI 53288-0391 Wire Transfer Instructions Bank Name/Address; M&I Bank J770 North Water Street Milwaukee,W153202 Routing Number.. 075000051 For the Credit to the Account,of: American Appraisal Associates, Inc. Accotutt Number- 0024271888 E- Unpaid Invoices -We tesetve the right to withhold delivery of preliminary conclusions or final report(s) if, when either of these are ready for delivery, any previously issued invoice remains unpaid. Further, we reserve the right to issue the final invoice if preliminary conclusions or a draft report have been ourstanding for more than 30 days. F. Complete Agreement - This Agreement, and any attachments or documents incorporated herein, constitute the complete and total agreemenr between the two parties, and shall supersede any pmexisting or contemporaneously drafted agreements for se-tvices. In the event that you 1 i issue a pw:chasc order to us covering this engagement it is agreed that such pi rcbase order is t issued for purposes of authorisation and your intetnal use only, and.none of its tettns and conditions shall modify the terms and conditions of this letter and/or related documentation, or affect either party's responsibility to the other party as defined in this letter. Should American Appraisal incur additional costs as a result of die City's failure to pay invoices in accordance with the terms stated herein, the City will be responsible for all costs (including, but not limited to attorney's and collection agency's fees) associated with the collection of any and all unpaid amounts to which American Appraisal is legally entitled. Further, American Appraisal reserves the right to charge interest for the City's failure to pay on a timely basis. G American Appraisal will make no investigation of, nor assume any responsibility for, the existence or impact of any hazardous substance, which may or may not be present on the L property, in the development of American Appraisal's conclusion. If in the course of American L Appraisal's investigation, it is informed of or observe any hazardous substance problems with �,. the property,American Appraisal will note it in its report. �I _1 7 1 Ciry of balm sptings 11 April 18,2007 4710-07-018 GENERAL SERVICE CONDITIONS I Agreement—The Contract governing this engagement including these General Service Conditions represents the entire agreement between American Apptaisal and the Client, it supersedes any prior oral or written agreement and may not be altered except by the mutual written agreement of an parties thereto. Assignment — Neither party may assign, transfer, or delegate any of the rights or obligations hereunder without the.prior written consent of the other party; unless such assignment is based upon the lawfitl transfer to a successor in interest of all or substantially all of the party's assets or business interests. JClient of Record — Only the signed Clicnt(s) of Record may rely on the results of American Appraisal's work. No third party shall have the reliance or contractual rights of American Appraisal's fClieat(s) of Record without American Apptaisal's prior written consent No patty should rely on The_I results of American Appraisal's work as a substitute fox its own due diligence. 1 Communication—Mectronic media including voice-mail, e-mail, and faxes are acceptable vebicles lto communicate all materials unless such communication forms are expressly prohibited in the Contract. Client shall not assume or deem the Client Service Team assigned by American Appraisal to any work contemplated by the Contract to have ltnowledge of information provided to others not Ll part of that team. Contingent Pees — American Appraisal's compensation is not contingent in any way upon its j I opinions or conclusions or upon any subsequent event directly related to those opinions or conclusions. Client shall pay Amctican Appraisal's invoices in accotdauce with their stated terms. Confidentiality -- American Appraisal will maintain the confidentiality of the Client's confidential information with the same degree of care that American Appraisal uses to keep its own materials confidential and shall not disclose it to anyone of use it for any purpose whatsoever other than L Client's engagement, provided that in the event that American Appraisal is legally compelled to disclose such information, Atnetican Appraisal shall provide Client with prompt written notice so �, that Client may seek a protective remedy, if available. ,American Appraisal shall have the right to ll. provide accccs to work files as required to comply with any quaJI or compliance audits administered by any necessary accreditation or standards organizations with which its employees are associated. Any such access shall continue to be subject to the same confidence by both Azaaericap L, j Appraisal and the applicable organization. Information shall not be treated as confidential if. (1) it is now or later available to the public, (it) at the tune of disclosure to American Appraisal, the G information was already in its possession, or (fill) the information was obtained from a third party under no obligation of confidentiality ro Client. J Unless mandated by applicable laws or governmental regulations, Client shall not disclose any part of Amc:tican Appmsal's work product, its confidential materials, or its tole in the engagement to anyone not stipulated in the Contract, without the prior written consent of American Appraisal. American Appraisal shall have the tight to include Client's name in American Appraisal's client list. -1 Force Nlajeurc—Neither the Client not American Appraisal shall be liable for delays or for failures to pet£orra according to the terms of the Contract due to circumstances that are beyond their individual control. 1 City of Palm Springs 12 April 18,2007 4710-07-018 i � Governing Law, Jurisdiction and Venue — This Contract shall be governed by the law of the LI State of Wisconsin within the jurisdiction of any state or federal court located in Milwaukee, Wisconsin,having subject matter jurisdiction. Indemnification - Client shall indemnify and hold harmless American Appraisal against and ftom any and all losses, claims, actions, damages, expenses or liabilities, including :reasonable attorneys' fees, to which American Appraisal may become subject in connection with this engagement, except to the extent finally judicially determined to have zesulted from the negligence or intentional misconduct of American Appraisal. Client's obligation for indemnification and reimbursement shall extend to any controlling petson of American Appraisal including any director, officer, employee, subcontractor,affiliate, or agent. American Appraisal's liability to Client shall in no event exceed The fees it receives as a result of the engagemenr, except to the extent determined to have resulted from the negligence or intentional misconduct ofAmerican Appraisal. a A merican Appraisal shall indemnify and hold harmless Client against and from any and all losses, claims, or expenses for bodily injury or property damage, in proportionate part to That which is L 11 caused by American Appraisal personnel or representatives during the, performance of the engagement, accept to the extent of Client's negligence. While on Client's premises, the personnel I� assigned by American Appraisal to any work contemplated by the Contract shall comply with all u posted safety instructions or safety procedures requested by Client. Independent Contractor — American Appraisal and Client shall be independent contractors with respect to each othct_ American Appraisal reserves the right to use subcontractors in executing the engagement American Appraisal is an equal opportunity employer_ Limits on the Use of the Work — American Appraisal's report may be used only for the specific use or uses stated in the Contract,and any other use is invalid. L Reliance on Itrformation Provided by Client — American Appraisal is entitled to rely without 1 independent vetificatign on the accuracy and completeness of all of the information provided by Client or its advisors. IL Retention — Miless stipulated to the contrary in the Contract of in a related written agreement, American Appraisal will retain as its property all files, documents, work papers, and other results, developed during the course of the engagement Such materials will be retained for a period of at Ieast five years. Turing this retention period, Client shall have access to these documents to assist it r, is completing the specific.Use or uses stated in the Contract, subject only to reasonable notification. f`�' Scope of the Work — American Appraisal shall be obligated only for services specified in the C Contract, and only for changes to the scope of those services that are set forth in any subsequent written agreement. As a result, the scope of the work does not include unrelated services or die responsibility to update any of the work after its completion_ Further,American Appraisal reserves . the right to decline to perform any additional services,if Amencan Appraisal believes such services would create an actual or perceived conflict of interests, or would be illegal or in violation of u. applicable regulations of professional standards_ JStandatds of Performance - American Appraisal shall perform the engagement in accordance with applicable professional standards. Ilowever,professional services usually involve judgments made in an uncertain environtnent and based on an analysis of data that may be unverified or subject to 'change over time. Client and other parties to whom Client provides access to the results of City of Palm Springs 13 April r s,2007 4710-07-018 1 Amencau Appraisal's work shall evaluate the performance of American Appraisal based on the specifications of the Contract as well as on the applicable professional standards. Testimony —AAmesica ,.Appraisal's services do not include giving testimony or participating in or attending court or any other legal or regulatory heating or inquizp unless provided for in the Contract or in a subsequent written agreement 1 ll u, Cl I � C; mi =l Ciry of Palm Spungs 14 April 18,2007 4710.07-018 l AUTHORIZATION OF SER.'PICES I Five copies of this Technical Proposal are being provided; if it correctly reflects the City's understanding of American AppiaisaN agreement,please confirm such by signing and tet"m+ng one copy. Note, we will be tanable to deliver; any conclusions, verbal or written, until we are in receipt of this acknowledgment. Please forward the original authorization to: Jirau Iverson American.Appraisal Associates 11835 Olympic Boulevard, Suite 1050 Los Angeles, CA 90064 310.312.8050 310.312.8058,fax 310.428.9005, cell jrversoo@arnetican-appraisal.com Sincerely, . �J C � L� Juan Iverson Assistant Vice President Please initial below to include the services offered: Schedule A Primary Service Capital Asset Appraisal Assets at the $5,000 Capitalization Threshold L� Schedule B Optional Services Determine replacement cost for all insurable asseis Li Provide GPS location data for all outdoor asset inventory rJ Recotnmendations for future asset inventory update processes -'� Client of Record: City of Palm Springs If Signature: 4-� Name (typed/printed): Title: IJI Date: �l > -Mai- City of Palm Springs T 15 April 18,2007 4710-07.018 � J , I l I ATTACHMENT A f-1 References Li LJ LJ 'J 1 J 1 ' References LJ City of Barstow 1 220 Fast Mountain View Street 1 Barstow, CA 92311 . Richard Oaldey, Finance Director { (760) 256-1750 { GASB 34-2006 738,500.00 City of San Gabriel 425 South Mission Drive San Gahriel,CA 91778-0130 Thomas Marston,Finance Director LI 626-308.2812 (l GASB 34-2003 $24,650-00 u County of Monterrey 105 West Allisal Street r Salinas, CA 93901 L Gary Giboney,Division C1uef- General Accounting 831-7555439 l GASB 34-2004 $24,500.00 County of Ingo L 224 North Edwards Street Independence, CA 93526 r Leslie L. Chapman LI Phone: (760) 878-0252 Fax: (760) 878-0391 ( I GASB 34- 2003 $22,250,00 ( I City of Pai^aMovnt u 16400 Colorado Avenue Paramount, CA 90723 C Jose Gomez Phone: (562) 220-2207 Fax: (562) 529-84-97 LGASB 34- 2003 $ 24,250-00 1 J I I i � I fl �.I ATTACHMENT B �- Professional Qualifications I_i i IJ LJ LJ rl J _J _i Gene J. (Juan) Iverson Managing Director and Assistant Vice President, Property Appraisal Services Group I .Position Gene Juan Iverson is the managing director of the Los Angeles Property Appraisal Services Group business development staff of American Appraisal Associates, Inc. Experience I ' Valuation Mr. Iverson's appraisal expertise lies mainly in the fixed asset area. He has also consulted on a variety of properties for the 1 purposes of audit compliance,fixed asset management, insurance and regulatory compliance related to schools, universities, water and wastewater utilities, municipalities, and park districts. Formerly, as a managing principal,Ms- Iverson was responsible for the successful completion of valuation Jengagements assigned to the western region of the Property Appraisal Services Group. He planned projects, supervised staff,reviewed reports, developed and monitored service control standards, maintained client communications, and presented appraisal reports for audit review. f Business Ma•, Iverson joined American Appraisal in 1995 as an associate L appraiser, He was promoted to senior manager in 1999 and to managing principal in 2002. In 2006, he started his current �1 position. j Education San Diego Slate University ( I Bachelor of Science- Marketing u California State University- Northridge .Professional American Society of Appraisers, Candidate I Affiliations Government Finance Officers Association I_I I 1 1 1 li Brian Roe Vice PresideAt-PuGlrc Services Property Appraisal Services Gtoup Posrtiaa Brian Igoe is Vice President of public Seiviccs for the Property Appraisal Services Oxoup CTASG'� of American Appraisal Associates,Inc ("AAA"). I Ie is located in AAA's Oak Brook office. i J Experience T/a1a aaYan Mr. Roe has been actively engaged in the property appraisal profession since 1982. He has consulted on a variety of properties for purposes of audit compliance, fixed asset management,insurance,and regulatory compliance including the rLMI estate and equipment related to schools,universities, hospitals,nursing homes,water aad wastewater utilities, municipalities,park districts, and iafrastructures. His clients include educational districts,private schools,governments at all [^� levels including special districts, and insurance consulting firms. Mi.Roe's current responsibilities include overseeing all of PASG's public-sector valuation activities. Buxinerr Mr. Roe joined AAA in 1999 as Managing Principal;he was promoted to Assistant Vice President in 2000 and to his current [� position in 2003. Prior to joining AAA,he was the president and director of professional services for Assetlink, Inc. Mr- floe had also served as appraisal director within the public-sector fixed asset consulting practice at Appraisal Resources International, Ltd., and as senior appraiser with Marshall.and Stevens, Inc. rl Education Moraine Valley Community college LJ Accounting r Professiawd Association of School Business Officials International. ILJI AffjJjat[otzs Colorado Association of School.Business Officials Govermixent Finance Officers Association Illinois Association of School Business Officials l 1 South Carolina Association of School Business Officials CSoutheast.Assodation of School Busiucss Officials J _i I Paul T. Hartnett, CPA Senior Wce President, iPropertyApprats-d Services Group I Position Paul T- Hartnett serves as Sensor Vice President in charge of the Property Appraisal Services Group ("PASG") of American iAppraisal Associates,Inc. (A,AA'�. Mr. Hartnett is,responsible for the management of PASG,which includes six regional offices;a staff of approximately 150;and specialized practices for insurance,property recoads, health care,government,higher education,and property management consulting- Experience I Val�atron Mx- Hartnett has been involved in numerous property n anagcment diagnostic consulting engagements and insurance appraisal projects. In addition, he recently has worked with publicly traded companies and their independent auditors on capital asset inventory and financial reconciliatiou engagements to support compliance with Section 404 of the Sarbanes Oxley Act Bvdvers Mz- Harriett joined AAA in 2000. Prior to joining AAA,he bad been employed by IPMG LLP since 1984 as the leader of the Public Service assurance and consulting practice in the firm's Milwaukee office. Mr, Hartnett is a citified public accountant L and has extensive experience in providing assurance and consulting services to health-care companies,government entities, colleges and universities,and not-for-profit organizations. Education University of Wisconsin -Milwaukee LiBachelor of Business Administration-Accounting Proksslonal American Institute of Certified Public Accountants r' Affiliations American Society of Appmisets,Affiliate Member J Association of Governmental Risk Pools Risk and Insurance Management Society,Tnc. Publieattons/ Mr. I Iartnett has txnade numerous presentations on insurance Speeches appraisal standards. He also has contributed to National Association of College and University Business Officers publications, and conducted regional seminars on the _J implementation of Statement of Financial Accounting Standards Nos. 116 and 117. _1 i l I Quay D. Tran I Eng-agement Director, I PropertyAppratsal Services Group ! I Posidon Quang D.Ttan is an engagement director for the Los Angeles Property Appraisal Services Gtoup of American Appraisal Associates, Inc. ('A LA")- Eacpertence Valuation As an engagement director,Mr-Tran has completed infrastntetuce valuations for various public entities including counties, cities,municipalities/special distrcts,universities, I l colleges, and school districts. His area of expertise is appraising fixed assets such as building construction;land;movable �1 equipment; and inftastructnre including roadways,airports,and flood-control facilities for financial reporting and insurance purposes and GASB 34 compliance. j Mr. Tran is also responsible for taldng accurate inventory in the U field and converting and evaluating the information,which is then processed- Banners I&-. Tran joined AAA in 2000 as m associate appraiser- He was promoted to valuation consultant in 2001, to senior valuation consultant in 2002,and to his current position in 2003. Prior to ! joining AAA,Mr. 'Tran was a controller assistant for Farwest Corrosion Control. r 1 Education University of California-Riverside �J Bachelor of Science-Business Administration Emphasis on Finance and Management LJ Proiessiomd American Society of Appraisers, Candidate l Af£r.Gatiorxs L1 u II 1 �.l Earl J. Criddle Jr. Manager, Property Appraisal Services Group Position Earl I Criddle Jr. is a manager for the Los Angeles Property Appraisal Services Group ("PASG") of American Appraisal Associates, Inc_ Experience Valuation As a manager,Mr. Criddle has completed valuations of infrastructure,buildings, and fixed assets, as well as land and land improvements, for various public entities including counties, cities, indepeudent park districts,municipalities, universities, colleges,risk pools, churches, schools, vocational schools, and school districts. IIe has specialized in the appraisal of building construction and water and wastewater utilities. Mr. Criddle is responsible for taking accurate I_I inventory of fixed assets using the Symbol system. Mr. Criddle has valued fixed assets and buildings for purposes of insurance, accounting, and property records. He has also completed infrastructure studies and performed valuations for compliance with GASB 34. LI Business Mr. Criddle joined American Appraisal in 2000 as an associate appraiser and was promoted to valuation consultant in 2002, to senior valuation consultant in 2003, and to his current position in 2005. Prior to joining American Appraisal's PAS staff, he was an assistant manager at Hyatt Regency Hotels and Resorts. Education Xavier University of Louisiana Bachelor of Science -Business Administration/Finance Professional American Society of Appraisers, Candidate Affiliations l 1 �..II '.l Bharat R. Kanodia, ASA Engineer hg Consultant, PropertyApprais.dSerpices Group Position Bharat R. Kanodia is an c nr ineeruhg consultant for die Milwaukee Property Appraisal Services Group of American Appraisal Associates, Tnc. ("-AAA°'). Esrpetience Ilaluuliort As an engineenng consultant,Mt. Kanodia has completed infrastructure valuations for various public entities including states, counties,cities, flood control districts,municipal/special district insurance pools,and special housing authorities. Mr. Kanodia manages large engagements requiring multiple levels of ( I staff experience. He has valued a wide range of assets such as u public utilities,roadways and related iaf astructvre,and airports. Mr. Kanodia also performs studies for state-level governmental clients to assess the quality and accuracy of infrastructure information for audit compliance. Business IVlr. Kanodia joined AAA in 2000. I'tior to joining AAA,he was { president and cofounder. of SUBS Consulting,a cooperative providing consulting services to local businesses and agencies. In addition,he was a director for Engineering Co-op and Internship Association. �.I Education University of Wisconsin-Madison r Bachelor of Science-Mechanical Engineering L Pro{ession d American Society of Appraisers,Accredited Senior Appraiser n .flh5lVatlons ("ASA") Designation- Machinery and Technical Specialties/ �J Machinery and I quipnhent American Society of Mechanical Engineers LeaderShape Institute,National Facilitator Metropolitan Milwaukee Chamber of Commerce SUBS Consulting,Cofounder and Advisor Speeches Mr_Kanodia has given presentations for the NPMA (National I Property Management Association),addressing issues and strategies affecting and related to GGASB 34 and 35 n implementation, capital asset reporting, and compliance. In f addition,Mr. Kanodia has given various internal and client presentations regarding valuation of infrastructure-related assets 'I of public entities. 1 I l i '- i i Paul E. Gruenwald Vice President and Managing Principal, Property Appraisal Services Group Position Paul E. Gruenwald is a Vice President and Managing Principal for the Milwaukee,Property Appraisal Services Group of American Appraisal Associates, Inc. ("AAA")_ Experience Valuation Mr. Gruenwald is responsible for the successful completion of valuation engagements assigned to the Property Appraisal I- Services Group. He plans projects, supervises staff, reviews reports, develops and monitors service control standards, L l maintains client communications, and presents appraisal LJ reports for audit review. Mr. Gruenwald's appraisal expertise lies in the fixed asset area. He has participated in and managed many of the£irm's largest fixed asset engagements since joining AAA in 1971 These engagements have required analysis of existing property LI systems. consultation with clients, inventory of assets, original and current cost valuation, application and reconciliation of historic expenditure, records, establishment of computerized databases, and the development of fixed asset policies and procedures. Mr- Greenwald has extensive experience in I' performing GASB 34 studies, especially relating to infrastructure valuation. He works with clients to perform diagnostic studies for GASB 34 compliance including the review, analysis, and testing of clients' fixed asset records and J procedures. n Busiuesa Since joining the firm in 1972, Mr. Gruenwald has held ILIi various positions involving valuation consulting and system design, and he has served as vice president for a subsidiary of the firm- Prior to his current position, he served as manager of Systems Development. Education University of VJisconsitr - Stevens Point L Bachelor of Science-Mathematics L Professional American Society of Appraisers, Candidate Affiliations American 'Water Works Association, Asset Management Committee Member Association of School Business Officials International Govemment Finance Officers Association �j National Property Management Association Public Risk Insurance Management Association li I f Speeches Mr. Gruenwald has spoken on capital assets for various ij national and local organizations including national and state chapters of the Government Finance Officers Association ("Infrastructure Reporting GASB 34'), state chapters of the Association of School Business Officials, the American Water Works Association, the National Property Management Association,the National Association of College and University-Business Officials, the Native American Finance Officers Association ("GASB 34 Capital Assets Reporting"), and various other conferences including a Wisconsin State Education Convention (Fixed,Assets for GASB Statement 1 Publtcadow "Estimating Useful Lives for Capital Assets," Government .Finance Officers Association GAAFR Review,May 2002 "Useful Lives for Infrastructure," Ohio Municipal Advisory II� Council MLwWews, 2002 �.I ICu C. _1 7 _I 1 i � I � l i � I i III L. LI I ATTACHMENT C � f C' Sample Reports �i J C 11 I I„ .d /iwnmrC CM1P[[A[.A.^.SYC[$)ILf•IIfT (p1f3pPG.1Sl:PH) AS OF SIDsYLppl Pena R6 rn ItIon q Cl]'F OPZON➢ON ioaln ..In .U.Cn MI LONDON.svL•eun.SiH 10.X'�, im•� CREU N PILA, ¢oC REm A.43R ¢AID nGp nG ORICco"w. ACEM XG V.. N D Wmlil to.Q (n'r/ksaHN,ION MQEH NI,LNMODEL mp,1A: Dolt Lo..Cg1 DD vTA V.vssc E[Tn. IIJ In vL loamim sll 51[IPPHEIC TiiFM 414T nvs,Mll Inesi I10 wIfiA91 ILO.. SI,, IIJIt )09NIu ::1 IIGvo'AAB11'FA fMUx xrA64 v)1A9] ull49l 5Pol G Ilyuw IIMuu vM It %nofG _ IEJ I% rILOl.toffl �11Im tlXmI'OoDo KCXICn IPAS n¢)X] u/Anl 7.. L f76OAX "Puu 4e1U9 .,Lou IIO In WI IP all 80 IGPIIwgsvximn epnxl[ naonN ]]Ateeul umwv iXl F iH10P0 ve0'J01 111 5 ILs RAJPo> 1P51m wI nGnw nu I:nwxxmlwlnAl .cwwrr xrewAecl:Allen +XI r. eyilm LIn.A .P. wPor l vlail o ml In 1 pna n r ¢I ]nnm m I RdiRAceMrvly{ x[vncir Rhm nlnn]Im Pln9ee i% vnn G ge annm OWm PA(XR nb In 1U1 ]OALxb n INwm n WI zI ia PI/V95 r nAlvw 13 ]o yIPI vx DPpbx n9091 1UkyIl56A sIfGNLON sv1bM JIM L ip900 11.1. LIN 40u IY6m OIL ]1P!]IV6 vu IFLItcyGM)I g999i Ann L SpIdI IIpJOG xAx 4wtl5 SLTIn Ha W, YI IlpyWI su I rNnonslA4rMLt wnECtYt 1. IDA10.1 11119N IWA 11 Ipm. IPALM,IIJ7 IILIPCRS. Plot nx In s% ]Pdaln 1. )n1nLNQftH2 I mnn omml 13.. 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Izlo IM33 pun fwn nl% Afl )DOpIN lsl Ip.[GIUC CO3M met nM vµl/ UI/119) I19v Ifysq 1OM.I nAMJ5 IXmP NP% X1 Cl%)tl6 + If RCJIC1ipLCNEI1t CARN1us USIA uwlly PIA,) nAV V uMQK Vi,Atvs iS,T)L I]AVIA u In d )Olfsu 111 1 Im11•J- -IN 21UE EUen vlwnses OIMIv I'. uAl0.W I,mAbl � 11i eR u1v Iwnlw au IIRAe.crt IgMEFYA2 ms LevMi1 oleo I]mP [ AfJC6N )I.Af0.PE Ilylry udlm LiP A % pGAVUGPuvMR mxyvl 4+ sn NIPL{ ss u fl L CI L1 L! Cl i i l + rROts¢1�'htCobh l'WcsomnrhRY (nfnwH•vhonll A9 oP un)rzalw p,Fiwi cwmarn m.nn u cllV OPcotapDN LON➢ON,NMCON.IN •cR nll�C An J..'MI V. O, n¢n[OOK aAmiLlw .ft Iww OAns(n 00 BUD .1 GUnm DD. nu. 1'4 lul .c^ fo ele,DA.0 x .1.111 v45uM50 4."R SD IA116i5V Nnctt Y.Wt1e.Pyli niSiN Rl51511 F4bN91 5512 nV�.15s loo MlMSfa�[Rplp 1VI11W SIDn .IXIi6 vl.l�H )pIAM exn.6lxoe 4 W.TI ^.VAM )....... ewRW .11113 5267WI SUx5a11 cryhoxOx-v.l yg116¢la• i 1>t,NJHiO hU4o15J: W.9N-01 Fj 077 11 J �.i _; E` �-i 1 i f I ) ATTACHMENT D Quality Assurance L 1 ._i L .J i I � � I 1 QUALITY ASSURANCE American Appraisal Associates is continuously focused on improving its quality assurance procedures to fulfill the quality vision expressed in out corporate mission statement_ "to be the best valuation consulting Emu.— Out quality strategy is based on three main themes: performance standards, quality assurance and professional development- Our commitment to quality assurance is demonstrated by the following! ff Developed an internal training program, overseen by a committee of senior executives, which costs the company in excess of$1.5 million annually, and assures clients of American iAppraisal's ability to utilize state-of-the-art valuation procedures. Developed technical and administrative standards for all. facets of appraisal services to assure ( � consistent appraisals to meet client needs, no matter what assets ate appraised or. where located- Established specific review rocedures so all reports arc reviewed b man er ecr group, � P P P Y � /P" � P, prior to submission to client fox adherence to standards- Testified before Congress to support regulation of appraisers. Assisted federal agencies to establish appraisal standards (Department of Labor, Federal 11 Home Loan Bank Board, Securities and Exchange Commission, Treasury Department and Resolution Trust Corporation—RTC). L, Quality service is, and will continue to be, the primary focus of American Appraisal Associates. We regard our clients as the best judges of quality service. To understand how we are meeting their expectations, we survey every client organization to obtain feedback on our performance. During ILLLJJJI our fiscal year ended Match 31, 2006, our Property Appraisal Services Group achieved a 97% quality ( .rating- I ' Ii L.� -1 I _l J [J Cl ATTACHMENT E RFP ;Farms I ' i { GIW OF PALIO RPR;Nd$$-RFP 09.07 I 8AGKGRQU14p,,tEkPERI�NGE ANC15TAt,P.QML0--ICATIONt I jyl,C,).P�'+r1PO5FlI�y1(1LI.ISE'GONSIpERF{,7 UNTLFS TI LpOCU iENT�I^t; O PL P�j.fN FLILI,. A7v, PP. IC LCd ems rv,lF9 15'FILLC 1 T, PrOPO$0 i8 repui[Cd to aUj�plylhe fdloWinp: f}. CgdfMWIFam Nama,snd Address Amer;pa:n a ra n�cmr-.7�1YPS.—� �.iia q ni.+ T1�N a7:�a Sy'F�intn_v�„,•,y, _..n annF¢ I 2) Nam¢and Tltla a(pgt£onatlthorizpd w negotiate a 00nI*Ot far the flltn' ' r •r �---il �9 ta.trlil3�Y.-v,.-P.re�',lettt r g7 Telephone Numher!3�1 g. 3.1 p._80G2 _FAX N110b,t:LQa'312—e U. _ Small AddreeB:�,�,ya-rs[�n(lp j �p^A py�t,a].Sat.CQn1 hI ti A) Typoof Firm; CIndryldual ❑Parfneeahip QGwporation 00ther I.� ► 5) Corponuun organized tender tl)a iaWs Qf the Stale of, [9 i.r�QQriSin 0) ruUmber of years In this)yp4 oFb9alne8a: 17 1 TPIaI Nulnhar o!Emplpyeea• 882 7) On a separate£hOct of paper,d¢aerlha YOUr firm's b8&9round antl expcelonhe apd the _ quallACa110ns of your staff to suoosasfully peffofm the vcwlce:,as apeajfled in this RFP. L ! Please attachment Rage P 1 (Addl0011a1 ahCcla may ba Attaphad,if noceesory) - II L� II ' 4J I Page 11 0t 26 7 i I � I . .i CITY Or FAl.M5PRI IdG$—AFP 99-07 REFBFtEM6ES lye POC 1 W S•CON$ EfdGD 11Ml E55'1'HIS L7OC11M��FG CONp)-FTEI)iq FULL AI_L A,ftF?LI[;A51'P IT MSI5T 1!•7,a 17C1 pFPpo.;p�'Is rptltdtCtl.W bupjifyDe 01loWingr f, bias your flrinr ugdpr Ms gVhrcrrt,n.jrn0 or aly prevlouc name,avcriallpd to eempl9l@ anywafkor cdntVel awarded10,11? Yes .Ne IF yea,explain: 2. 10}vur firm prase inyolved in sly Illlgatlon with•an owner,cuslomp5 or other gpMrni aental agency? Ycs h :yes,explain: 3- Are ThereanyJudgmeols,chimp•,arbifrall0d proerfPdings or surlspending or euuWndin'g against your j fTrm or dny,Qflts oft7ccM2 Yco /(Eom,6XPWin; — I� A:) Llsrat least four(4,)cu feet Oro simllaY to the fognimmentS In fhls RPP- Con(I$C1.$ contract Amount'Wame&Address CatlW PAraort Amount Term &ptron'a MUmlLer D. .� e (Additional sheets mayho attached,if necessary) , L I � Pap 13 of26 I _7 v-I r 1 II 1 _I 1 1 A E v x 6 E n ..I .I C.OST SCHEDU.LIF AA" FC712 FIXE0 ASSET INVENTQRY SEVI¢kS I Rc&pending to Eeque;l for Proposals No.69-07,Schedule"A', for F Kqd Mb ljt)nvel.$dhJ$ervlw� In tn¢ ClU of Palm springs die undarsigpad Propbaer propgses and agrees to perform$ro jmi asset inventory sesyjpPu in good order and In amurdanCc with the speciricotlans. IrA+e`w111 pmvldc Ifrd spscifiod 2A'vicaa r�_ forthd CtyeF pa6n Springs,and lvlll accept asiull paymedl FheigLOWing dQ-inel491ve aflidudL' I—I TpTnL ALLeINCLUSNf¢ ly)ncludes all Hlrect and_Indim t no^E 'n hidl u aPouF.o{dnnc et 11 N% apses Ir Par the lump swrl of. L I (Pdc't1n P9wea) .� 11 a T.h.ir�,Y�cyo t-h�ir.anr•��r� h�ndr;tl de;l 1 zv'� 1pd�ih"w«�4l I ( �n'w (AaU+gr4ad�Faprc;cn7e11W) " i 1 _ Jlxnn Iversgn _ (Paisd Nome oaf A.UMOriiz6tld RepncenteliVs) eI �ipPTll 911 r.Pf'a'I CiT F1R a ./.F.l'AA�" (7 (Dals)f 47 (Herne ar Firm) _ a: Ioara} i J J , I Page 15 of26 . I i I , G'OST SCHrDULF"P," FOR OPTIONAL SERVICES Responding to Requast,fpr Propasals No.08.07 ,8chedule"d', for Opilonal S�rvtms in(he City or Palm Spring$the uddem'igne'd,Propo:ar peoposeg ai'td agndce to pzrfbnm Iha'CQtloo al$dwlbes in good Ordaf and in apcgtdanco WRIT 11%0 pOsipcations. 6VVO wUl provide the spGclrod Services for the,Olty of Palm Springs,and wili 6ccepf as full payment the follow[tig all-mcluslve amount: ITEMIZEDTGoS.T BV OPTIONAL SERVICE; 1) VET15RMINE TNI=REAACFMENT COST FOR ALL INSURWBF A$:4ET5= 5 5�a U9„•r„_, 2) PROVIDE GPS LOCAT(OND'ATA FOR ALL OUTDOORM$L ,INVFNTQIRY'=F ,r DAD 3) RECDMMENDATIONS FOI;FUTURE ASSET INVENTORY UPDATE PROCESS M- =53,�,500 'Tho Oily rC*rges.the right to award all of the aeofre Optional$wvices,any Nngla Optional sdN)ce or Wrnj inallon 9f OpllOnel$4,vfoes,or none of Ihe,atitivo Optional-a^BrPicUU,,.as.6oct sPMEi tl)C interests of fhe City "l TOTAL ALL-INCLUSIVE COST•1"inel{Id all di in d- dirnM r0 t ircclud•n5,dI oet•o°•pocket exaWn—; sion.thh iJL6 NrrtA gphion,.4�'y�nryiceRr i For the lump gum of; fPlRo in pgvc) S�' �-(L,'hnll aan�.}{err. ��n r7r nrp c3nl lsr� T �_ R fPiicxinwoNc, i — (9 pn.Wrc afAulhodaed Rap�aentallveJ t (Printed NOW OfAuthodzad NOprp'sanCsyvd) •��� American A r.aisa:J. Assocla L'es, Inc. O4/T8/A7 (Ngme oFF ) & (D$tAJ LI i L.I Page 16 or26 fl J 1 l l I 4 PhLM ll OE SpT V G1 c9uFou�"° (RFP 09-07) FOR I PROVIDING.FIXED ASSET INVENTORY SERVICES ADDENDUM NO.2 f 1 This Addendum is being issued for the following changes and Informational items: THE FOLLOWING REVISIONS AND/OR AOUITIONS TO THE SPECIFICATIONS ARE TO BE INCLUDED IN THE SPECIFICATIONS. THIS ADDENDUM SHALL TAKE PRECEDENCE OVER ANYTHING CONTRARY.ON J THE PREVIOUSLY ISSUED SPECIFICATIONS AND SHALL BE REFERRED TO HEREINAFTER AS PART OF THE CONTRACT DOCUMENTS. i I CLARIFICATION: To reiterate instructions given in the Notice Irrvlting Proposals, IT IS IMPERATIVE that you contact Mari Lynn Boswell, Procurement Administrative Coordinator,via email at MariI.vnn.Boswe 1@Ralmsprinos-caoov to register as a Proposer,Failure to register as a Proposer may result In your firm not mcaiving addenda to this RFP. Failure to acknowledge addenda with your proposal may (((( cause your proposal to he considomd non-responsive. The City has received the following questions and is hereby providing answers thereto: RESPONSES TO QUESTIONS RECEIVED TO DATE: LJI Q 1: Is there a list of the sq rcotages of the buildings listed? All; This Information Was provided in the spreadsheets in Addendum#1. I L, 0 2: What format is Hie previous inventory(Excel,etc) This will be used to list the items not found during the current inventory process A 2: ?his information was provided in Answer#3 in Addendum#i. C� LJI Ci �l I i J I I q$- Aie lhere.any Joint Powers assets? A'a NA, Q r' Mow many vohicles doer the City own? A4; T%e 'l�y,CulYCnfJy has'27rl vghip7eSm 4(3eYafion. 7"he lisf•oFfXed assets \ may imAi de addltknof Vabloles and/or equipmoh(that is not operable irhderifs awn powdYor hag bean deamRd surplus and its wailing final disposition. Q 5: bogs the Cdy ownloporate Its.own bus system? A 5: Np f Q 6: Does the City lease equipment? j A�! Yes. LQ 7: .Are Ihcre any capital leases? A 7: YGs, The City has hvo CAI leases for fYe egaJprrient,,9nd a tease/pgrCilase,p,K)1'aement Qh Canon for copy nsa,chines. A{least viva of these copy i1vch)) orb 10luedovor$5,000. f aY ORDER OF THE CITY OF PALM SPRINGS.CALJ r•ORNIA Craig I.:.Gladd'em,C.P.M. ProctfrelYtent&C(or1rauting Manager DATE; Mardh 14,2007 I ADDENDUM ACKNOWLEC((G}}MkNT: I( � ProPP$erFirm Name: `-� Authoa2Gd Signature• Pate' �i ACknowled'grrtent of h'eceipt of Addendum 2 is roquired by >igning and Including the adkrtowfedC�rffent VJlth your proposal. Failure to acknowledge this Addendum may result in your proposai being deemed nonresponsive LI Ll G Li r� �1 II � see+ (RFP b9,p7 FOR PFi0V1QING FIXED ASSET INVENTORY S,ERVIrE$ ADDENL711M No.1 This Addendum is being issued for the following charmes and Informationakho,m6: ,.I THE FOLLOWING REVISION$ ANDIOR ADDIM19S TO, THE SPECINGATIONS ARC TO 13E;INCLUDE{m THE 9PUC15IC,`A-MQNS- THIS ADDENQNM WALL FAKE PRECEDENCE OVER ANYTHING QOtM,T AR*4N THE fore;EVI'OUSLY ISSIICO SPECIRCATICN$ AWD SHALL SE REFCFI�RED TO HrREiNAFTCR AS'PART OF THC CONTRACT DOC1IMI�NTu. CLARIFICATION! To reiterat,s Ostruefiorm cdlvan iri the Notice Inviffn- PropnSals, IT IS IMpERATIVL'1119L you Contact Mad Lynn E6mell, ProCUl2m -Administrative Administrative Coordinator,via email at Mari4ynn:Boswellnahs nn s=ca. {o register.as a Proposer. Failure tp reylb°[er as a Propme inay result in your film not reciliving addenda to this RPP. Failure to aclinowiedge addenda with your proposal rimy cause your proposal to he cdnsldered nonresponsive. Thd Cfty has.received the folloWibg ggasffons and is hereby provfp!fng adswats thereto: ' RESPONSES TO QIJEST(ONS RECEIVED TO DATE. 0 t: The City refers to a prior inventory performed approximately ten ("I tl) years ago. was this effort done internally or performed by an outside firm? If an oblslda firm assisted,which wrnpartyP I(I( I A 1 The fast fixed assort inventory was done by City;toff in'F898. 0 2- Were any previously raoordad assets tagged and, if so, Can y,oll dW uribe the.process and type of tag(s)uscd7 LI i `I . I i lI Jl Z YO$, the City has traditionally used ultJN>r a.gtz,e17 a'bd leil i)umbergd lneMitio tag measuYir)g l"by 1(x"'tod 'ntlFjrnsn-InfrastrnCirrrl'v,55a)s, Thfs,tag has bsern,plaiceq ph,ftems Wit{i a valde of$5„000 or grsatk.. Thp Flnonca l,lepeffmapt has not'tagged,atly-r2ems fOPThs past two years. 43; It is ynderatopd that the prior records will:ol1ly pkpvided in hardwpy iphrlat-•Can you pigvidp_d tepYgsentatlVp'$ample copy for review purposes sp potential bidde?te pan Bfi{tet evaluatejhe effpt'f required to reconcile these llst'in'g87 A 3; The fixed asspl itivaataty is avallablo.electrdnicdlly as an ASCII file. A sample of t%e l2rinfed•fi4fad asset inveolorylbr the Airport is ettachod. - Q 4; f✓Ould we also qq lunwidod with a copy of your bffmreht Stiat£Mdnt of Values(Or similar listing of.prgpq[ty)used to place your property insurance? li I_ I A:4: The Gdy currently Uses Mdxlfhds to prepare .pn annual inventory and valuatfpn of Gity tadllflfes. IW of the Eify's facilities are donp each,ye.'X Attached please lidd the sdinmary reports for 2006 and 2006 reffecting a➢City facilities. A detailed repod, showing the z ggoaw foetacie, building Charaofaristles improvements and,vghfatfpn,lercaOfr fadlifyy is also avaiiablc. 91 51 please confirm the scope of the project will include all pan-infrastruoture assets, includingr a fend b Land Imprbyernents a Bddings and Building Improvements d• Moveablo Machinery&Equipment/pumishings, e- Licensed Vehiclaa a. NO b. No a Yes(building lmprnvemezIs Only) d. Yas IL e. Yes f f Q 6; Ooes your estimate of 1,950 assats include all of the abave7 IlJ AG YW Itcrns a th=gh c repraso t roughly 900 items Of Which 600 are improvements Based opt this, tha estimated total assets to be 'inventoried, less buildings and ldnd,is f,950, I 1 Q 7: The RFP regluirea designated forms be notarized by a California Mtary .l public. As our nreposal is being aeveloped out of state, will prop£r notarization elsewhere presapl a problem with our respon5e7 A 7• No. I __1 i I it Q 8'; With regaryi to Option .2 OPS designatibhS, plaasd ekpand on speciflcdlly WE ioh assets youvould flikethls.data provided for. A g: The Cily m coM5 derhlq placing mdip fregryency lags on'5peoffic assef5 file„ plsyQround structures, public'ert,fnove�kle mamibely, off';sr mat they can tie tracked alyd,Jogafe'd In, fhr:cvdppf the woof is inadvsrtently•femoVed or stolen from its deslgnarod lo¢otfon, M.drder to &oafo.a-baso record of!hose fixed sasefS an'd fbofr putrl'nt,locatidn, the 4lfy Would fika,to obtain cost lnforrratlgb to proVfd¢ the Gurrenf 1 I geopeaphicol ceotdtnates of these-rikpd azeets. 111I Q 9; Ara your eutdugr aasets tagged with radio Frequoncy devices, and'ff not ate you Iookino In pot this technology in p$cal l A d: See answer AS abpwg. I J By 6PDER OF THE MY OF RALIO SPRINGS,CALIFORFVIA . II Grdig L.Glad era .P.M. _J Procto-- ht& ontractipg Manager Ir DATA March 9,2007 I t.1 ADDENDOM ACKNQVVLEDGMENT, Proposer Pion Name. •-1.��r3- I Authorited StgnaturE. s---- ''------- � l� ACom&ledgmant of Reoelpt of Adderown 1 Is required by signing dnd molU,ding the acknowledgment with your proposal. Failura,to.acknpwledge this Addendurh may regolt in your proposal f eing deemed npn-respensjyd 1=i fl. i With regard to Option 2 — GPS dosignatiohs, pleaue eXpand on specifically which assets you Would flU<e[Nis data provided for. At ne Oily is wgr fdeang placing radio frpquetloy-tags qa zpedlfiv asscrs 1 ire., AlgV.gUnd 8!'YgC3vres, puplio aft, rrioVe?4le MaChiAary' Gtoj S4 thatt-they'Ccin be foe bked awd 00'I ed fr+ttie vveot the a$sef is frladvertently removed dr ste/en fYom Hs tleSiggBt,@!y Iptatlpl}, to 6mcr tp Chafp a Mze mmrd of fbese fixed assets ano their eufre'nt fo>;AtM, the CIV Woold'ifte to obfafn cost fnformatlgn to proyider tFi� oUrrent 960raghical-CooOn ates of tnesg fixed asses. 4 d: Are your dotdoOr Assets tagged with radio frequency devices,and.if not. .are you laokin�to put'thfs t'uchrtofegy in place? AD: See anawef A.8 above .By ORDCR OF THE CITY OF PALM SPRINGS,CALIFORNIA . 89g C hArl0.,in't. anager DATE. March 9;U07 Ifr ADDENDUM ACKNOWLF_DGM8NT: I.. I Proposer Arm Name; Authorized Slgriah.m.� r� { gato: 3 I ' c-4. Aftowledgl"rlent of Reoelpl of Addendum 1 1S required by signing and including the ackndwledgment with your proposal. FSiluro to acknowlodge this Addendum may rosult in your gfoposal being-deemed non-MapchoiVe h C: i I i . W{1iR0Cu LIT/OFFRJ4 SPRI,'{G9 sBQ1X Insurdnr sum arY.6y.uod 2 :-s-cfc ttYQC72CCta Pe3e.1 i Eo:fdlrtgf]escfipFart year l5O 6b�or uam Re Coda AGtlresx C PlxcaP7�rtE E,Yc:usi�q ReF1aa'u'uA9Cgs! City Buil[ Clsrs 5fa409 Cesi Ne4. kmm�t {ess,FKClualurts ' EnG1g; Ui C11V OFPAlMSP81WG£ _ _ _ — Sikb: 63 C!TYEf LL, Qi PfR:H.0 Cc"aLY14M ChAA ER$M%ZX REy RDM> AM 2 1 17,947 llWV.t% SW'.13Q 313f"M i MR'rANQWIZGWot.'WAY RADA 8Pfdi.195.CA P2n 62 ECCADIk'f.EFFa ilgkl.PnlF:dlVy 1w 2 1 19.116 2,611AW MOC 2.4WAf0 3MTAEion..CANYQ4'A'AY PALM SPAMl3S,C 9ZM2 CAKn PIESMC Meeo WAUCWAYS i956 2 i 3.>i47 127Ad5 0,Y3 1Hi,262 32%TAYOUIR C..WMV WAY PFAd a PR41ell CA H5.62 i sIt. Fa!for01: Rs OCo403 _3A630 b,04BA3'Y ;ry3tF3 Nqg 02 Pi]XES ZrATION Ul W1AW.0.`Y�'.`SO$e'.,4TCHC6'hEF?1:a 1.iPGCEHS '14a5 d 23,556 5,9i9,CV] 03 oCO 3:C-0:1L} 2YJ8-CIV.L"r1Rrw PAMSPANM.C9 922M 02 1R4;!.' .CEf.R4EASSiO W. 1977 2 1 A.W3 MA00 57,:$9 C33,449 ; 2C96 CMC UR,1E PW_A15PANGS CA'-a52 03 MM FL9@.Yi 2:14,-rF l.G M4\ AMVaq 1937 2 1 31M .37,910 35,2p0 551,610 2WS.UMDRW PR-M voFIhGS CA RUM 94 1-13WIV OFPID'AO%Vr -ACE FuDO4: 39r7 2 t 1,O01 12G.'m UN 1692P3 i.P]3,CNC ORrfE FAURSPn6 S,CV 9UEZ Oi CA?>al€i C1.'fCFI 1977 2 1 NO 3299U f,650 31,2fi0 2 W 3.CfVIC GF1YE PRS73 PRO G,%CA-W�l ; SI!n!W.Mr 02r Asae.'Cuatl'e 33,6.i0 ],4(�275 Y{3,2E➢ 6,423,�3 31€c 7! P.IBRARY4 4T.R = 0i VB(-wti'' t976 6 1 22g29 EA1l,]i3 '323pq,Y 603,dOQ 3.005 SUF;31S'.VAY :11F.iS=rxTi35,tA 1262 j SiI.to itar 07: s�ee!Cauvt 33.020 8,477.701 523,9C0 $,353;C30. 1 ATTACHMENT F Exceptions to RFP it ' f Legal .Review and Exceptions Page 18 SA �i.thnrotiriatiom This tlgrt;emeitt is subject to aad caaitiingerit trpon funds bdUg aPpt opriated 4�rmliore by the City Council of City for each fiscal year c ve red by rite AL,=raetnent. Y suds apprOprkaticaris atn not this A.greement.4urll aut[ituaticallp teStilinatC widiout pernakyto City. Consultant shall be compensated for all services rendered prior to receipt of the notice of termination. _l PAGE 19 5.5 1?enxvnneL Consultant ajrees to awiw3 L the following individuals top Wm t rein. Consultant shall not alter the assigtpnwt of the folio ' re prior vnitten,approval of die on�7 dL Officer, Actin y t ie(:try shall have ilm unrestricted right to Order(nit,"Mrlroval 6£ ssmgmrctl by Causultant by providing wtimm wdee to Consultant- PAGE 25 Insurance Consultant drain procure and maintain, at its sole cost and expense, and submit cmc. really Vah its U rsxccnition of this� Agreement, in a £qmu and cariteut satisfaatamy to City, public liability and piapertp datnegc ' insurwee apfnit all claims for injuries against perwas or daivages to property rextilting from Consultant's perfatt iaticc siader this Agmcment. Cwmultarmt shall also carry ww•kers' compensation inwrame in accordance ttJitlt Califorimia workers'coimipensatiamm naves. Suoh insurance shall be kqt in UL farce and effect dosing the teem of this ALgrommitt, including any extension thereof:and shall not be cancelable'A'ftltout thirty 30)da tKr'iterr tuotice j to City of"ypippased cancellation. Certificates 4Liusumnce,uvidertairtg the£oregaistg an �sie IN Gaits L elected oi�i,cials, officers, crnploy�eea, agents,and volwtteers as additioa4 gamed insured i 'cL e "Ope'" shall be delivcmd to and approved by City prior to coutmencenrciat of services. The pm L;of suds insurance acid the dclivory ofpolicias.certificates, and etidOlWnneuts evidmcing the sarric sball Tint be crnishued as a linmitation of Consultamt rr obligation to ittdeurnify City,its elected officials,officers,agents,cmplrryces,and voluati:J m { A. h fjtilmunr Scone rrf Insurance: 'IU inininiu : amount of insw4rtoe required hereunder%ball be I-! as£allows 1. CotnVmbeitsivt general liability and pctsoaal Lidury with linsits of at least one million i doIiaas combined single limit coverage per orseutrenae; Lper•accordance; I Aulotnobile.liability insurarice with limits of'at least one million dollars; 3. RM IN M , 7 4. WorP. & Cotitpensadon iustirame in the statutory arnouto as required by the State of C'alifnnda and Employer's Uability lnsussnce with]knits of at least one million dollars nI million lies accta=nee. i II Indemnification Provisions: Page 19 �1k�nll�len�rnrl, To fbD W"t euentpecmumd bylaw,Comiltamt small a r,(.g r odoisk sol. .wa..,..,.a..e.,s s@ Ci Y, vWMI, aad hold Winkty, vs elwwd Aokls, QfEcur; eVloyaer, ngcnfsacd voted . Attg7dy dw°[adw 160 Patdea),from W agakut any and alf MiNnsy adi>ma,tuft,claims,dmnandt, -les, coals,�d&ments, erbitadoa twatda, acid=cnt% damage; demands, orders, pewIPA andtqow 1 4wliag legal aoap and ttlamey fens(ecllectively"Chaos").imkdig but tmf LinW to O&EM arising from n=' pope*oUload ConsWtanF its olliC tt MM lgee q nsontaklves, and agmlr, „m but Mlak amh Claims arising from Iha WG�e or m31fu1 rr 3 t of d¢City,its elected oltiaiala,olGceas,ewplu=,apv%and vglmh=. Under no ci/etmuta= i&,Wad Ithe fim m m teq*=oat and limits xt fordt is Us Ag=LcW lie conned Iir liiml ConsaltoOs nundd+fde - ' colionrsldigatioaalelLcrliaTaiGtyhaeunder. ILI I_J J i 1 I Ij I.I � I Ir . ATTACHMENT G �J PROPERTY LIST Ll I ! [ I I [I i [l [I �I r-� �I 7 r PROPERTY LIST .1 1. CITY HALL 2. PALM SPRIlNGS AIRPORT 3. POLICE STATION 4. FIRE DEPARTMENT HEADQUARTERS 5. WASTE WATER TREATMENT PLANT 6. COGENERATION PLANT 7• GOLF Como,(3) & CONVENTION CENTER 9. 'VISITORS CENTER L 10. PARKS(11) 11. BASEBALL STADIUM LI 12. ANDIAL SHELTER 1 13. MAIN LIBRARY 14. SATELLITE LIBRARY M PARKING STRUCTURE f 16. CORPORA.TIONYARD 17. FLEET OPERATIONS I 1J �f i r EXHIBIT "B" INSURANCE PROVISIONS Including Verification of Coverage, Sufficiency of Insurers, i Errors and Omissions Coverage, Minimum Scope of Insurance, Deductibles and Self-Insured Retentions, and Severability of Interests (Separation of Insureds) ]Q Revised:9/29/O7 507639.2 i Insurance Consultant shall procure and maintain, at its sole cost and expense, and submit concurrently with its execution of this Agreement, in a form and content satisfactory to the City, public liability and property damage insurance against all claims for injuries against persons or damages to property resulting from Consultant's performance under this Agreement. Consultant shall also carry workers' compensation insurance in accordance with California workers' compensation laws. Such insurance shall be kept in full force and effect during the tern of this Agreement, including any extension thereof, and shall not be cancelable without thirty(30) days advance written notice to City of any proposed cancellation. Certificates of insurance evidencing the foregoing and a certificate designating the City, its elected officials, officers, employees, agents, and volunteers as additional named insureds on its public liability and property damage insurance by original endorsement skull be delivered to and approved by City prior to commencement of services. The procuring of such insurance and the delivery of politics, certificates, and endorsements evidencing the same shall not be construed as a limitation of Consultant's obligation to indemnify City, its elected officials, officers, agents, employees, and volunteers. A. Minimum Scope of Insurance. The minimum amount of insurance required hereunder shall be as follows: 1. Comprehensive general liability and personal injury with limits of at least one million dollars ($1,000,000.00) combined single limit coverage per occurrence and two million dollars($2,000,000)general aggregate; 2. Automobile liability insurance with limits of at least one million dollars ($1,000,000.00)per occurrence; 3. �a :'b�rr�issisnsf ���s��� ke85t-Or e-323311�-�$1-,99�,90n nnpef &eewicnee atiod=ir ••�-mxiiivn--�a•,tv=lai=s 7T$snv�} � t............. .errum cnnm7nnrer rem r rmcnn;�rra,n- a W �3aa-crF�;Sxv�sacc-r-r-r.�i�-vr�z.c�-arc-ir�'���'-�� ��r�c. zz�waza, 1'Va'iveCl. 4. Workers' Compensation insurance in the statutory amount as required by the State of California and Employer's Liability Insurance with limits of at least one million dollars $1 million per occurrence. kf Consultant has no employees, Consultant shall complete the City's Request for Waiver of Workers' Compensation Insurance Requirement form. For any claims related to this Agreement, Consultant's insurance coverage shall be primary insurance as respects City and its respective elected officials, officers, employees, agents, and volunteers. Any insurance or self-insurance maintained by City and its respective elected officials, officers, employees, agents, and volunteers shall be in excess of Consultant's insurance and shall not contribute with it. For Workers' Compensation and Employer's Liability Insurance only, the insurer shall waive all rights of subrogation and contribution it may have against City,its elected officials, officers, employees, agents, and volunteers. B. �+FFBP5 and �n7�CFR2��f-�v"""sresc rcmxr—17FB�if109 t x� znudB pFafessienal liability :l s# Il-a}sa agr�= atIn :«' �i .ase tail Revised:3/23107 507639 2 i � irxsarartae ;..-�-�e��o�ed=V> 1=,e�=.e•�-„ +>n:_ a,._ ^ems-�ad�e die-co-• ax � ��.-�, v ••b �� ,ki the-a �r eq �y�u �.a:n r-`�- a least-free viax. � of pxucxvix-- (uoE1�A9'u�'$..idiec5 ei�sixy�—rigr-CBff1f:13tr—`6ek15u1ta11{--shall n--uxsa—oc kCq-aited-1• Previd0 e,' er3ce te Gity 4 t4a P• l;-ka5�^fi+vF-nicicq,• ins xi-�r=anx r•ra.rrc• az.-r�^rnnr�•n r. r., rnr�•r nx,n nnr�1 rr. cnnnnc �t rlt raornarc lfiab'71�"--�r�zx�—..i�ror� c��*�.�-viva. rarer rn eay�C rc nrnr>u * Waived. C. Sufrcieney of Insurers. Insurance required herein shall be provided by authorized insurers in good standing with the State of California. Coverage shall be provided by insurers admitted in the State of California with an A.M-Best's Key Rating of B++, Class VII, or better, unless otherwise acceptable to the City. D. Verification of Coverage. Consultant shall furnish City with both certificates of insurance and endorsements, including additional insured endorsements, effecting all of the coverages required by this Agreement. The certificates and endorsements are to be signed by a person authorized by that insurer to bind coverage on its behalf. All proof of insurance is to be received and approved by the City before work commences. City reserves the light to require Consultant's insurers to provide complete, certified copies of all required insurance policies at any time. Additional insured endorsements are not required for Errors and Omissions and Workers' Compensation policies- Verification of Insurance coverage may be provided by: (1) an approved General and/or Auto Liability Endorsement Form for the City of Palm Springs or (2) an acceptable Certificate of Liability Insurance Coverage with an approved Additional Insured Endorsement with the following endorsements stated on the certificate: 1. "The City of Palm Springs, its officials, employees, and agents are named as an additional insured.,-" ("as respects City of Palm Springs Contract No. or 'for any and all workperformed with the City"may be included in this statement). 2. "This insurance is primary and non-contributory over any insurance or self- insurance the City may have..." ("as respects City of Palm Springs Contract No. or 'for any and all workperformed with the City"may be.included in this statement). 3. "Should any of the above described policies be canceled before the expiralion date thereof, the issuing company will mail 30 days written notice to the Certificate Holder named." Language such as, "endeavor to" mail and "but failure to mail such notice shall impose no obligation or liability of any kind upon the company, its agents or representative" is not acceptable and must be crossed out. 4. Both the Workers' Compensation and Employers' Liability policies shall contain the insurer's waiver of subrogation in favor of City, its elected officials, officers, employees, agents,and volunteers. 12 Reviged:3123107 5076392 1 1 1 M addition to the endorsements listed above, the City of Palm Springs shall be named the certificate holder on the policies. All certificates of insurance and endorsements are to be received and approved by the City before work commences. All certificates of insurance must be authorized by a person with authority to bind coverage, whether that is the authorized agewbroker or insurance underwriter. Failure to obtain the required documents prior to the commencement of work shall not waive the Consultant's obligation to provide them, E. Deductibles and Self-Insured Retentions. Any deductibles or self-insured retentions must be declared to and approved by the City prior to commencing any work or services under this Agreement. At the option of the City, either the insurer shall reduce or eliminate such deductibles or self-insured retentions as respects the City, its elected officials, officers, employees, agents, and volunteers; or, Consultant shall procure a bond ,guaranteeing payment of losses and related investigations, claim administration, and defense expenses. Certificates of Insurance must include evidence of the amount of any deductible or self-insured retention under the policy_ Consultant guarantees payment of all deductibles and self-insured retentions. F. Severability of Interests (Separation of Insureds). This insurance applies separately to each insured against whom claim is made or suit is brought except with respect to the limits of the insurer's liability. 13 Revised!3/23107 507639 2