HomeMy WebLinkAbout05078 - EMPIRE ECONOMICS INC MARKET ABSORPTION STUDY CFD#1 ESCENA PALM SPRINGS TRACT 32233 ( r�j
DOCUMENT TRACKING � ye
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Report: Soon to Expire Documents Listing February 1,2006
Condition: Expire Within 90 days,ALL Groups,ALL Services,ALL XREFs
Document# Company Grout) Service Aprvl Date Expire Date Close Date
A0417C John Wessman COMMUNITY& In File 04/04/2001 04/01/2006
A0472C Geiger LLC COMMUNITY& In File 03(17/2004 04/172006
A3782 Daves Towing Services POLICE DEPARTMENT In File 04/02/1997 04/012006
A3783 Mohica Towing Service POLICE DEPARTMENT In File 04/02/1997 04/012006
A3865 Building Industry Assoc. PLANNING In File 10/15/1997 03/012006
A4366 CVAG CITY MANAGER In File 1W02/2002 02/01/2006
A4487 V S A Airports AIRPORT In File 04/24/2002 04/232006 r0 Glo e'Srdup d)
A4607 Canyon Gate L L C ENGINEERING In File 12/18/2002 04/21/20W
A4643 Prudential Overall Supply ENGINEERING In File 02/19/2003 - 02/01/2006—VD PT C �
A4648 Aleshire&Wynder, L L P In File 02/19/2003 02/012006
A4663 X C I,Inc. in File 03M512003 031012006
A4665 H D R Engineering In File 031052003 03/01/2006
(ae,euFWPR 8l�y G90
A4671 California Office Of Traffic Safety POLICE DEPARTMENT In File 02/19/2003 03/312006 4s lDrridadfiF7 IB�Xhihifva
tub It
A4702 Barney Trust COMMUNITY& In File 05121/2003 05/012005 rs�!a4'xst F,rr
A4707 California Street Maintenance ENGINEERING In File05/21/2003 05/012006DD MDT CLDSE:
(ustyg eX��Siow�
A4865 Coachella Valley Taxi Owners AIRPORT In File 04l072004 04106/2006
A4874 LEG Sky Chefs AIRPORT In File 04/212004 04/01/2006
A4882 Amado Hermosa LLC In File 055/05/2004 05/012006
A4904 JenQuest In File 06/302004 02/28/2006
A5036 Principal Decision System Intl FIRE DEPARTMENT In File 02/04/2005 02/012006
A5038 Professional Service Industries Inc BUGtiJEERIN In File 02/072005 02/01/2006 O..K O 60S P-
A5046 �n John Mishler COMMUNITY& In File 03/022005 03/01/2006
A5048 CM A�C+.' ;Irid p z{6: Doken Engineering ENGINEERING In File 03(042005 03/01/2006 Pm��n'
A5051 Dateland Construction Inc ENGINEERING In File 03/08(2005 03/01/2006
A5053 (`l M5)NO Bond Blacktop Inc ENGINEERING NOC 03(09/2005 03/01/2006 -8D",�q C2,1510
A5078 f \,\ �' 1 Empire Economics Inc ENGINEERING In File 04/18/2005 04/17/2006 _Cko gd C7310`11-
A5084 P S Power Baseball Foundation PARKS&RECREATION In File 04/11/2005 0228/2006
A5119 L S A Associates CITY MANAGER In File 06/15/2005 02/26/2006
Empire Economics, Inc.
Market Absorption Study for CFD#1
AGREEMENT#5078
CM signed, 4-18-05
CONTRACT SERVICES AGREEMENT FOrc
MARKET ABSORPTION STUDY CONSULTANT SERVICES
COMMUNITY FACILITIES DISTRICT NO. 1
"PALM SPRINGS CLASSIC" NOW KNOWN AS "ESCENA PALM SPRINGS" TRACT 32233
(SHORT FORM)
THIS CONTRACT SERVICES AGREEMENT (herein "Agreement') is made and
entered into this day of by and between the CITY OF PALM
SPRINGS, a municipal corporation (herein "City") and Empire Economics, Inc. (herein
"Contractor").
NOW, THEREFORE, the parties hereto agree as follows:
1.0 SERVICES OF CONTRACTOR
1.1 Scope of Services. In compliance with all of the terms and conditions of this
Agreement, the Contractor shall perform the work or services set forth in the "Scope of Services"
attached hereto as Exhibit"A" and incorporated herein by reference. Contractor warrants that all
work and services set forth in the Scope of Services will be performed in a competent, professional
and satisfactory manner.
1.2 Compliance With Law. All work and services rendered hereunder shall be
provided in accordance with all ordinances, resolutions, statutes, rules, and regulations of the City
and any Federal, State or local governmental agency of competent jurisdiction.
1.3 Licenses, Permits, Fees and Assessments. Contractor 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.
2.0 COMPENSATION
2.1 Contract Sum. For the services rendered pursuant to this Agreement,
Contractor shall be compensated in accordance with the "Schedule of Compensation" attached
hereto as Exhibit "B" and incorporated herein by this reference, but not exceeding the maximum
contract amount of Sixteen Thousand Five Hundred No/100 Dollars($16,500.00)("Contract Sum").
2.2 Method of Payment. Provided that Contractor is not in default under the
terms of this Agreement, Contractor shall be paid as outlined in Exhibit "B" Schedule of
Compensation.
3.0 COORDINATION OF WORK
3.1 Representative of Contractor.Joseph T.Janczyk, Ph.D.is hereby designated
as being the principal and representative of Contractor authorized to act in its behalf with respect
to the work and services specified herein and make all decisions in connection therewith.
3.2 Contract Officer. Marcus Fuller is hereby designated as being the
representative the City authorized to act in its behalf with respect to the work and services specified
herein and make all decisions in connection therewith ("Contract Officer"). The City Manager of
City shall have the right to designate another Contract Officer by providing written notice to
Contractor.
3.3 Prohibition Aqainst Subcontractinq or Assignment. Contractor shall not
contract with any entity to perform in whole or in part the work or services required hereunder
without the express written approval of the City. Neither this Agreement nor any interest herein
H:\USERS\ENG\AssessmentDistiicts\AD163-CFDI\mqrketabsoi-ptioii study contract.wpd
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ORIGINAL
maybe assigned or transferred,voluntarily or by operation of law,without the prior written approval
of City. Any such prohibited assignment or transfer shall be void.
3.4 Independent Contractor. Neither the City nor any of its employees shall have
any control over the manner, mode or means by which Contractor, its agents or employees,
perform the services required herein, except as otherwise set forth. Contractor shall perform all
services required herein as an independent contractor of City and shall remain under only such
obligations as are consistent with that role. Contractor 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.
4.0 INSURANCE, INDEMNIFICATION AND BONDS
4.1 Insurance. The Contractor shall procure and maintain,at its sole cost and
expense, in a form and content satisfactory to City, during the entire term of this Agreement
including any extension thereof, the following policies of insurance:
(a) Commercial General Liability Insurance. A policy of commercial general
liability insurance written on a per occurrence basis with a combined single limit of at least
$1,000,000 bodily injury and property damage including coverages for contractual liability,
personal injury, independent contractors, broad form property damage, products and
completed operations.The Commercial General Liability Policy shall name the City of Palm
Springs as an additional insured in accordance with standard ISO additional insured
endorsement form CG2010(1185) or equivalent language.
(b) Worker's Compensation Insurance. A policy of worker's
compensation insurance in an amount which fully complies with the statutory requirements
of the State of California and which includes $1,000,000 employer's liability.
(c) Business Automobile Insurance. A policy of business automobile
liability insurance written on a per occurrence basis with a single limit liability in the amount
of $1,000,000 bodily injury and property damage. Said policy shall include coverage for
owned, non-owned, leased and hired cars.
(d) Additional Insurance. Additional limits and coverages, which may
include professional liability insurance, will be specified in Exhibit A.
All of the above policies of insurance shall be primary insurance. (Reference Section 4.4
regarding sufficiency.) The insurer shall waive all rights of subrogation and contribution it may have
against the City, its officers, employees and agents, and their respective insurers. In the event any
of said policies of insurance are canceled, the Contractor shall, prior to the cancellation date,
submit new evidence of insurance in conformance with this Section 4.1 to the Contract Officer. No
work or services under this Agreement shall commence until the Contractor has provided the City
with Certificates of Insurance, endorsements or appropriate insurance binders evidencing the
above insurance coverages and said Certificates of Insurance, endorsements, or binders are
approved by the City.
The contractor agrees that the provisions of this Section 4.1 shall not be construed as
limiting in any way the extent to which the Contractor may be held responsible for the payment of
damages to any persons or property resulting from the Contractor's activities or the activities of any
person or persons for which the Contractor is otherwise responsible.
In the event the Contractor subcontracts any portion of the work in compliance with Section
3.3 of this Agreement the contract between the Contractor and such subcontractor shall require
the subcontractor to maintain the same polices of insurance that the Contractor is required to
maintain pursuant to this Section.
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4.2 Indemnification. Contractor agrees to indemnify the City, its officers,agents
and employees against, and will hold and save them and each of them harmless from, any and all
actions, suits,claims,damages to persons or property, losses, costs, penalties, obligations, errors,
omissions or liabilities, (herein"claims or liabilities")that may be asserted or claimed by any person,
firm or entity arising out of or in connection with the negligent performance of the work, operations
or activities of Contractor, its agents, employees, subcontractors, or invitees, provided for herein,
or arising from the negligent acts oromissions of Contractor hereunder,or arising from Contractor's
negligent performance of or failure to perform any term, provision, covenant or condition of this
Agreement, whether or not there is concurrent passive or active negligence on the part of the City,
its officers, agents or employees but excluding such claims or liabilities arising from the sole
negligence or willful misconduct of the City, its officers, agents or employees, who are directly
responsible to the City, and in connection therewith:
(a) Contractor will defend any action or actions filed in connection with
any of said claims or liabilities and will pay all costs and expenses, including legal costs and
attorneys' fees incurred in connection therewith;
(b) Contractorwill promptly pay anyjudgment rendered againstthe City,
its officers, agents or employees for any such claims or liabilities arising out of or in connection with
the negligent performance of or failure to perform such work, operations or activities of Contractor
hereunder; and Contractor agrees to save and hold the City, its officers, agents, and employees
harmless therefrom;
(c) In the event the City, its officers, agents or employees is made a party
to any action or proceeding filed or prosecuted against Contractor for such damages or other
claims arising out of or in connection with the negligent performance of or failure to perform the
work, operation or activities of Contractor hereunder, Contractor agrees to pay to the City, its
officers, agents or employees, any and all costs and expenses incurred by the City, its officers,
agents or employees in such action or proceeding, including but not limited to, legal costs and
attorneys' fees.
4.3 Performance Bond. Concurrently with execution of this Agreement,
Contractor shall deliver to City a performance bond in the sum of the amount of this Agreement,
in the form provided by the City,which secures the faithful performance of this Agreement, unless
such requirement is waived by the Contract Officer. The bond shall contain the original notarized
signature of an authorized officer of the surety and affixed thereto shall be a certified and current
copy of his power of attorney. The bond shall be unconditional and remain in force during the
entire term of the Agreement and shall be null and void only if the Contractor promptly and faithfully
performs all terms and conditions of this Agreement.
4.4 Sufficiency of Insurer or Surety. Insurance or bonds required by this
Agreement shall be satisfactory only if issued by companies qualified to do business in California,
rated "A"or better in the most recent edition of Best's Key Rating Guide or in the Federal Register,
unless such requirements are waived by the City Manager or designee of the City Manager due
to unique circumstances. In the event the City Manager determines that the work or services to
be performed under this Agreement creates an increased or decreased risk of loss to the City, the
Contractor agrees that the minimum limits of the insurance policies and the performance bond
required by this Section 4 may be changed accordingly upon receipt of written notice from the City
Manager or designee; provided that the Contractor shall have the right to appeal a determination
of increased coverage by the City Manager to the City Council of City within ten(10)days of receipt
of notice from the City Manager.
5.0 TERM 5.1 Term. Unless earlier terminated in accordance with Section
5.2 below, this Agreement shall continue in full force for one year from the date of execution.
5.2 Termination Prior to Expiration of Term. Either party may terminate this
Agreement at any time,with or without cause, upon thirty(30)days written notice to the other party.
HAUSERSTNG\Assessment Districts\AD163-M I�narket absorption study contract.wpd
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Upon receipt of the notice of termination, the Contractor shall immediately cease all work or
services hereunder except as may be specifically approved by the Contract Officer. In the event
of termination by the City, Contractor shall be entitled to compensation for all services rendered
prior to the effectiveness of the notice of termination and for such additional services specifically
authorized by the Contract Officer and City shall be entitled to reimbursement for any
compensation paid in excess of the services rendered.
6.0 MISCELLANEOUS
6.1 Covenant Aqainst Discrimination. Contractor covenants that, by and for
itself, its heirs, executors, assigns and all persons claiming under or through them, that there shall
be no discrimination against or segregation of, any person or group of persons on account of race,
color, creed, religion, sex, marital status, national origin, or ancestry in the performance of this
Agreement. Contractor shall take affirmative action to ensure that applicants are employed and
that employees are treated during employment without regard to their race, color, creed, religion,
sex, marital status, national origin or ancestry.
6.2 Non-liability of City Officers and Employees. No officer or employee of the
City shall be personally liable to the Contractor, or any successor in interest, in the event of any
default or breach by the City or for any amount which may become due to the Contractor or to its
successor, or for breach of any obligation of the terms of this Agreement.
6.3 Conflict of Interest. No officer or employee of the City shall have any
financial interest, direct or indirect, in this Agreement nor shall any such officer or employee
participate in any decision relating to the Agreement which effects his financial interest or the
financial interest of any corporation, partnership or association in which he is, directly or indirectly
interested, in violation of any State statute or regulation. The Contractor warrants that it has not
paid or given and will not pay or give any third party any money or other consideration for obtaining
this Agreement.
6.4 Notice. Any notice, demand, request, document, 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 prepaid,first-class mail, in the case of the City,
to the City Manager and to the attention of the Contract Officer, CITY OF PALM SPRINGS, P.O.
Box 2743, Palm Springs, California 92263, and in the case of the Contractor, to the person at the
address designated on the execution page of this Agreement.
6.5 Interpretation. The terms of this Agreement shall be construed in
accordance with the meaning of the language used and shall not be construed for or against either
party by reason of the authorship of this Agreement or any other rule of construction which might
otherwise apply.
6.6 Integration;Amendment. It is understood that there are no oral agreements
between the parties hereto affecting this Agreement and this Agreement supersedes and cancels
any and all previous negotiations,arrangements, agreements and understandings, if any, between
the parties, and none shall be used to interpret this Agreement. This Agreement may be amended
at any time by the mutual consent of the parties by an instrument in writing..
6.7 Severability. In the event that part of this Agreement shall be declared invalid
or unenforceable by a valid judgment or decree of a court of competent jurisdiction, such invalidity
or unenforceability shall not affect any of the remaining portions of this Agreement which are
hereby declared as severable and shall be interpreted to carry out the intent of the parties
hereunder unless the invalid provision is so material that its invalidity deprives either party of the
basic benefit of their bargain or renders this Agreement meaningless.
6.8 Waiver. No delay or omission in the exercise of any right or remedy by a
nondefaulting party on any default shall impair such right or remedy or be construed as a waiver.
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A party's consent to or approval of any act by the other party requiring the party's consent or
approval shall not be deemed to waive or render unnecessary the other party's consent to or
approval of any subsequent act. 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.
6.9 Attorneys' Fees. If either party to this Agreement is required to initiate or
defend or made a party to any action or proceeding in anyway connected with this Agreement, the
prevailing party in such action or proceeding, in addition to any other relief which may be granted,
whether legal or equitable, shall be entitled to reasonable attorney's fees,whether or not the matter
proceeds to judgment.
6.10 Corporate Authority. The persons executing this Agreement on behalf of the
parties hereto warrant that(i)such party is duly organized and existing, (ii)they are duly authorized
to execute and deliver this Agreement on behalf of said party, (iii) by so executing this Agreement,
such party is formally bound to the provisions of this Agreement, and (iv) the entering into this
Agreement does not violate any provision of any other Agreement to which said party is bound.
SIGNATURES ON NEXT PAGE
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IN WITNESS WHEREOF, the parties have executed and entered into this Agreement as of the
date first written above.
-- - _ CITY OF PALM SPRINGS
ATTEST: a municipal corporation
� rr Ste._ J By
v _ Cff Clerk _ City Manager
APPROVED BY 011Y MANAGER Agreement older/Under $25,000
APPROVED AS TO FORM: p
d I2evielved and approved by
Procurement & Contracting
By.
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EMPIRE ECONOMICS, INC. P.O. Number' °- _
CONTRACTOR: Check one:_Individual_Partnership_Corporation
Corporations require two notarized signatures: One from each of the following: A. Chairman of Board, President, or any Vice i
President:AND B.Secretary,Assistant Secretary,Treasurer,Assistant asure( or Chief Financial Officer).
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H:\USERS\ENG\Assessment Districts\AD163-CFDI\market absorption study contract.wpd
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EXHIBIT "A"
SCOPE OF WORK
Contractor shall prepare a market absorption study for City of Palm Springs Community Facilities
District No. 1, "Palm Springs Classic"now known as"Escena Palm Springs,"Tract 32233, and shall
provide all services and resources necessary therefore.
The Market Absorption Study will provide the Bond Issue with a strong credit foundation, and also
protect the Issuer, based upon the following factors:
Contractor shall provide a comprehensive analysis of the economic environment within which CFD
No. 1 (Escena Palm Springs)will be marketing its residential products.The United States economy
is currently experiencing stronger growth, while Southern California's and Riverside County's
economic prospects are becoming more favorable, for a variety of reasons which will be discussed
in the Study. Consequently, an understanding of the economic conditions for Southern California
and Riverside County should prove to be beneficial to the CFD No. 1 (Escena Palm Springs) Bond
Issue.
Contractor shall prepare the Market Absorption Study utilizing the Empire Economics' 2005
Economic Model which incorporates the actual annualized full data for 2004 on employment,
construction activity and prices as well as the new economic forecasts for 2005-2010+time period,
based upon the most recent forecasts by UCLA, DRI and Chapman University, among others.
Contractorshall perform comprehensive surveys of the prices,sales rates and other characteristics
of the currently active comparable projects in the competitive Housing Market Area.
Contractor shall include in the Market Study a discussion of the recent factors underlying the rapid
rate of price escalation that has been experienced during 2002-2004,which are primarily historically
low levels of mortgage rates as well as the aggressive use of adjustable rates and creative
financing by purchasers; additionally, Empire will also discuss the potential impacts of higher
mortgage rates on housing prices and sales rates.
Contractor shall deliver the Market Absorption Study, Summary and Delivery Letter by E-Mail in
PDF format to facilitate its distribution and also its use in the Official Statement.
Contractor shall arrive at an estimate of the competitive market prices for the forthcoming
residential products in CFD No. 1 (Escena Palm Springs), and then confirm that the Special Taxes
and ad valorem property taxes for CFD No. 1 residential projects are within the City of Palm
Springs's policy guidelines.
Contractor shall arrive at the following market demand and absorption schedules for CFD No. 1
(Escena Palm Springs):
Aggregate Absorption Schedule - Entire Project: some 1,287 homes
Absorption Schedules for the CFD's Planning Areas: 10 for single-family detached and 5 for
attached
Contractor shall provide the appraiser with the absorption schedule for the discounted cash flow
analysis, a critical factor in arriving at the appraised value of CFD No. 1 (Escena Palm Springs).
Additionally, Contractor shall make the study available to the following professionals working with
the City on Assessment District 164 and shall provide consulting services as described:
Special Assessment Analyst: Contractor shall review the prices that are being utilized in the
Special Assessment Analysis for purposes of estimating the Total Tax Burden placed upon the
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future homeowners. Contractor will also provide the Special Assessment Analyst with the
estimated absorption schedules by various product types so that the amounts of the Special
Assessment that are expected to be paid by the developer/builder, as compared to the final
user/homeowner, can be calculated.
Appraiser: Contractor shall provide the Appraiser with absorption schedules for each of the
product types, with respect to the number of units absorbed each year, from market entry to
build-out.
Underwriter: Contractor shall provide copies of the Study to members of the finance team in
the Bond Issue and shall furnish a "Summary and Conclusions" of the Study for use in the
Official Statement.
As-necessary, Contractor shall discuss the market absorption study and the study findings with
the Special Assessment Analyst, the Underwriter and prospective bond purchasers.
Special Notes:
Section 4.3, Performance Bond, is waived.
In accordance with Section 4.1 (d), a policy of$1,000,000 of professional liability insurance shall
be provided.
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SG
POLICYHOLDER COPY
STATE - ' P.O. BOX, 807, SAN FRANCISCO,CA 94142-0807.
COMPENSATION' - -
1 N S U RA N'C.E FUND CERTIFICATE OF ;WORKERS' COMPENSATION INSURANCE
ISSUE DATE: 03-01-2005 GROUP: ,
POLICY NUMBER: 1241438-2005
CERTIFICATE ID: 48
CERTIFICATE EXPIRES: b3-01-2006' - -
03-01'-2005/03-01-2006,
CITY OF PALM SPRINGS SG' JOB:
DEPT OF PROCUREMENT & PLANNING
PO BOX 2743
PALM SPRINGS CA 92263
This is to certify that we have issued a valid Workers' Compensation insurance policy in a form approved by the -
California Insurance Commissioner to the employer named below for the policy period indicated,
This policy is not subject to cancellation by the Fund except upon 30 days' advance written notice to the employer. -
We will also give you 30 days' advance notice should this policy be cancelled prior to its normal expiration. -
This certificate' of insurance is not an insurance policy and does not amend, extend or alter the coverage afforded
by the policies listed herein_.Notwithstanding any.,requirement, term, or condition of any contract or other, document -,
with respect to which this certificate ofinsurance may be issued or may pertain,'the insurance afforded by the -
policies described herein is subject to all the terms, 'exclusions and conditions of such policies. -
AUTHORIZED REPRESENTATIVE PRESIDENT,. - -
EMPLOYER'S LIABILITY LIMIT INCLUDING DEFENSE COSTS: $1,000,000.00 PER OCCURRENCE. ,
ENDORSEMENT X2065 ENTITLED 'CERTIFICATE HOLDERS' NOTICE EFFECTIVE 03-01-2005 IS ATTACHED TO AND.
FORMS A PART OF THIS POLICY. ' -
EMPLOYER LEGAL NAME -
EMPIRE ECONOMICS, ING EMPIRE ECONOMICS, 'INC
35505 CAMINO 'CAPISTRANO
CAPO BEACH CA 92624
Ev 3 03) 02/17/2005,
A�.GUw
04/06/2005 11:16 5306262539 ISU ATWOOD AGENCY PAGE 04/05
IAC_ R& CERTIFICATE OF LIABILITY INSURANCE DAT Lr 2 Ya
._ l 3/.16/a005
" PRODUCER THIS CERTIFICATE IS ISSUED AS A MRTTER OF INFORMATION
ISU Ins BerV�9.ces-Atxocd o ONLY AND CONFERS No RIGHTS UPON THE GERTIFICAi"E
Agency HOLDER. THIS CERTIFICATE DOES NOT AMEND, EXTENO OR
800 Pacific St. ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW.
Placerville, CA 956C7 INSURERS AFFORDING COVERAGE
INBVRED INSURER A; ku:y-
.�_,,.� anL"LGasual_ty—Csz�(Zuri+w7a)-
Empire Economics, Inc. INSURER
35505 Camino Capistrano #200 INSURERC Uni-ted,_sat�s .Liab7 a i_ty Tns "Cd,_
Capistrano Beach, CA 92624 INSURERD:
. MSURER E:
COVERAGES
THE POLICIES OF INSURANCE LISTED 6EI,OW HAVE BEEN ISSUED TO THE INSURED NAMED AECVE FOR THE POLICY PERIOD INDICATED.NOTWITHSTANDING
ANY REQUIREMENT,TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR
MAV PERTAIN,THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS,EXCLUSIONS AND CONDITIONS OF SUCH
POLICIES.AGGREGATE LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS,
LTR TYPEDFINSURANCE POLICY NUMBER POLICYE E POLICY EXPIRATION
DATEIMYPP(YYI OATEIMMIppY1'YI LIMITS
GENERAL LIABILITY EACH OCCURRENCE $ 1y QhOQ
COMMERCIALGENERALLIAMI-TY FIRE DAMAGE(Any one file) $ 'K-I-
I^VI _1..,_QSYSL�00.n0_
CLAIMS MADE L i1J OCCUR MEp EXP(Any 0116 pemQn)
A„ PAS 39816088 01/09/05 01/08/06 PERSONAL&ADVIN,IU sE cl-,'ULde�c:h�,nn
GENERAI,AGGREGATE $ 0Q 0-T-� Q0_
QEN'L AGGREGATE LIMIC APPLIEDPER7 ' PRODUCTS-COMPIOp AGG 5 '��(Z00 OOQ
POLICY n PEGT 7'LOC —.••.,_
AUTOMOBILE LIABILITY ..
^-- (Ea accI BED8INGLE LIMIT 51,000,000
_ANY AVip (EA d0nn
ALL OWNED AUTDS
BODILYINJURY 5
SCHEDULED AUTOS (PwrpaM•en)
'ice HIREDAUTUS PAS 39816098 01/08/05 01/08/06 20DILYINJUW W
NON-OWNED AUTO5 (Pwrwceident) J S
•" PROPERTY DAMAGE
._ ., Fee aeefdenn
GARAGE LIABILITY AUTO ONLY-EA ACCIDENT S
ANY AUTOGTHE HAN EA ACC 5
AUTO ONLY.
AUTO ONLY: AGG $
EXCESS LIABILITY EACH OCCURRENCE S
OCCUR CLAIMS MACE AGGREGA'iE 5
ET .E R
ETENTIOENRON $
WORKETI _ S
BCOMPENSATION ANp OR REMPLOYERS•LIAMILBYTq`� 1_1 E __
E.1„EACH ACCIDENT ¢
E.L DISEASE-EAEMPLOYEIE$
OTHER
..._. E.L.DISEASE-FOLICCYUMIT 5
C Professional SP1001190c 02/05/05 02/05/06 $1,000,000
Linhility
DESCRIPTION OF ADDED BY ENDORSEMENTISpECIAL pRWSIOI '
*Except 10 day notice of cancel for non payment_
CERTIFICATE HOLDEN _...._....
, � 7F�ADDITIONAL(NSURED;INSURER LErTBR;� CANCELLATION
SHOULDANY OFTHE ABOVE DESCRIBED POLICIES BECANCELLEU BEFORETHE EXPIRATION
City of Palm Springs DATE THEREOF,THE ISSUING INSURER MALL ENDEAVOR TO MAIL*30.DAY6 WRITTEN
Ms- Carrie ROvney NOTICETOTHECERBFICATE HOLDER NAMED TO THE LEFT,BUT FAILURETO DO SOSHALL
P.O. Box 2743 IMPOSE NO ORLMATION OR LIABILITY OF ANY KIND UPON THE INSURER,ITS ADENTS DR
Palm Springs, CA 92263 REPRESENTATIVES,
AUTHDRI2Ep REPRESENTATIVE
KH
ACOR02ES 17'lBil nAuoRg OONPOtTION 1988
04/06/2005 11:16 5306262539 ISII ATWOOD AGENCY PAGE 05I05
POLICY NUMBER: COMMERCIAL GENERAL LIABILITY
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.
ADDITIONAL INSURED-DESIGNATED PERSON OR
ORGANIZATION
This endorsement modifies insurance provided under the following:
COMMERCIAL GENERAL LIABILITY COVERAGE PART.
SCHEDULE
Name of Person or Organlxation:
City of Palm Springs
Ms. Carrie Rovney
PO Box 2743
Palm Springs, C.A.92263
(If no entry appears above,information required to complete this endorsement will be shown in the Declarations
as applicable to this endorsement.)
WHO IS AN INSURED (Section 11) is amended to include as an insured the person or organization shown in the
Schedule as an insured but only with respect to liability arising out of your operations or premises owned by or
rented to you.
CG 20 261185 Copyright, Insurance Services office, Inc., 1984 q
' RUI
CERTIFICATE OF INSURANCE
ANCE AS RESPECTS THE INTEREST OF THE CERTIFICATE HOLDER NAMED BELOW WILL NOT BE
CANCELED OR OTHERWISE TERMINATED WITHOUT GIVING 10 DAYS PRIOR WRITTEN NOTICE TO THE
CERTIFICATE HOLDER, BUT IN NO EVENT SHALL THIS CERTIFICATE BE VALID MORE THAN 30 DAYS FROM
THE DATE WRITTEN. THIS CERTIFICATE OF INSURANCE DOES NOT CHANGE THE COVERAGE PROVIDED BY
ANY POLICYIDESCRIBED BELOW.
This certifiesthat: ® STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY of Bloomington, Illinois
❑ STATE FARM FIRE AND CASUALTY COMPANY of Bloomington, Illinois
❑ STATE FARM COUNTY MUTUAL INSURANCE COMPANY OF TEXAS of Dallas, Texas , or
❑ STATE FARM INDEMNITY COMPANY of Bloomington, Illinois
has coverage in force for the following Named Insured as shown below:
NAMED INSURED: JOSEPH & LIETA JANCZYK
ADDRESS OFINAMED INSURED: 35505 CAMINO CAPISTRANO CAPISTRANO HEACH,CA 92624
POLICY NUMBER L38-6356-826-75 75-01-3516-0
EFFECTIVE DATE
OF POLICY 02-26-2005 08-26-200S 07-11-2004-2005
DESCRIPTION!OF
VEHICLE(Including VIN) 1990 LEXUS LS 400 LIAB.UMBRELLA
LIABILITY COVERAGE ®YES ❑ NO ❑YES ❑ NO ® YES ❑ NO ❑ YES ❑ NO
LIMITS OF LIABILITY
a. Bodily Injury.
Each Person 100
Each Accident 300 3,000,000
b. Property Damage
Each Accident 50
c.Bodily InjurylA
Property Damage
Single Limit'
Each Accident
PHYSICAL DAMAGE
COVERAGES' ® YES ❑ NO ❑ YES ❑ NO ❑YES ❑ NO ❑ YES ❑ NO
a.Comprehensive $ 0 Deductible $ Deductible $ Deductible $ Deductible
®YES ❑ NO ❑ YES ❑ NO ❑ YES ❑ NO ❑ YES ❑ NO
b.Collision $ Soo Deductible $ Deductible $ Deductible $ Deductible
EMPLOYERS NON-OWNED
CAR LIABILITY COVERAGE ❑ YES ❑ NO ❑ YES ❑ NO ❑ YES ❑ NO ❑ YES ❑ NO
HIRED CAR LIABILITY COVERAGE YES ❑ NO ❑YES ❑ NO ❑YES ❑ NO ElYES ❑ NO
FLEET-COVER)NGE FOR
ALLOWNEDANP LICENSED
MOTOR VEHICL I ElYES ElNO ❑YES ❑ NO ❑ YES ❑ NO ElYES ❑ NO
STATE FARM AGENT 75/8290 03-17-2005
Slgna J a of Alzed Repr ntative Title Agent's Code Number Date
Nam and Address of Ced I to Holder Name and Address of Agent
MS. RIE R(DVNEY
ENG NEERING
CI OF PALM SPRINGS JOHN R LUIiHLY,AGENT
P.O. HOX 2743
A
16277 LAGUNA CANYON RD,STE.F
PALM SPRINGS, CA 92263 IRVINE,CA B26162611
(90)727d142
(919)727-W2 FAX
INTERNAL STATEIFARM USE ONLY: ❑Request permanent Certificate of Insurance for liability coverage.
122429z Rev.06-a0-2004 ❑Request Certificate Holder to be added as an Additional Insured.
z •d
dss :90 SD LT Jew
o ?ALM Sly
M E M O R A N D U M
k 'yx' 4M�e fP
��ORAfi�
c�tt�anN��
TO: Mari Lynn Boswell, Administrative Secretary
Procurement Office
FROM: Kathie Hart
Chief Deputy City Clerk
DATE: April 19, 2005
SUBJECT: Empire Economics
A5078
cc: Jay Thompson, City Clerk
File
Please find attached copies of the subject agreement. We have retained an original our files.
Please feel free to contact me if there are any questions, ext. 8206.
/kdh
attach.
CONTRACT ABSTRACT
Contract
Company Name: Empire Economics
Company Contact: Joseph T. Janczyk, PhD
Summary of Services: Market Absorption Study for CFD#1
Contract Price: $16,500
Funding Source: 160-4506-43200
Contract Term: One Year
Contract Administration
Lead Department: Public Works & Engineering
Contract Administrator: David Barakian/Marcus Fuller
Contract Approvals
Eouncil/Community Redevelopment To Be Approved by City Manager
Agency Approval Date:
Minute Order/Resolution Number: n/a
Agreement Number: TBA by Clerk pnj�
Contract Compliance
Exhibits:
Signatures:
Insurance:
Bonds: f1f/4
Contract prepared by: t
Submitted on: jE1 A--?1k By: � t�SCc7 ,C-C