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HomeMy WebLinkAboutR-2008-031 GVA Kidder Mathews Agreement (Conv. Ctr.) oldRESOLUTION NO. R-2008-31 A RESOLUTION authorizing and directing the City Manager of the City of Yakima to execute a Professional Services Agreement with GVA Kidder Mathews, together with additional and appropriate documents necessary to conduct a Yakima Center Expansion Feasibility Study. WHEREAS, the City requires specialized consulting, planning, and advisory services to facilitate a comprehensive Feasibility Study to determine the feasibility of an expansion of the Yakima Center for the City of Yakima; and, WHEREAS, the City does not have the staffing levels necessary to provide such specialized consulting, planning, and advisory services; and, WHEREAS, the City Purchasing Division conducted an advertised, formal sealed bid process to solicit Statement of Qualifications and Proposals from qualified firms; and, WHEREAS, GVA Kidder Mathews was unanimously selected by the Yakima Center Expansion Feasibility Analysis Committee and has the experience and expertise necessary to provide said specialized consulting, planning, and advisory services and is willing to provide these services in accordance with the terms and conditions of this Agreement; and, WHEREAS, the City Council of the City of Yakima deems it to be in the best interest of the City to enter into a Professional Services Agreement with GVA Kidder Mathews for specialized consulting, planning, and advisory services for the Yakima Center Expansion Feasibility Study in accordance with the terms and conditions of the attached agreement and RFQ 10803, now, therefore, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF YAKIMA: The City Manager is hereby authorized and directed to execute the attached and incorporated Professional Services Agreement with GVA Kidder Mathews, together with any additional and appropriate documents necessary to implement the Yakima Center Expansion Feasibility Study. ADOPTED BY THE CITY COUNCIL this 19th day of February, 2008. ATTEST: i6e:.» -i4- Mellor CONSULTANT AGREEMENT FOR PROFESSIONAL SERVICES For Yakima Center City of Yakima, Washington `)1-. r This agreement is made and entered into on this �" day of ' - .`". 2008, between the Yakima Center, City of Yakima, Washington, hereinafter referred to as ITY, and GVA Kidder Mathews, hereinafter referred to as CONSULTANT. CITY and CONSULTANT for mutual consideration hereinafter set forth, agree as follows: I. OBJECTIVES The project involves a comprehensive Feasibility Study to determine the feasibility of expanding the Yakima Center for the City of Yakima. The study will include all Tasks as outlined in Request for Qualifications No. 10803 that was submitted to the City of Yakima and opened on January 24, 2008, and is incorporated at ATTACHMENT A. The Tasks as outlined will be led by John D. Gordon, MAI, of GVA Kidder Mathews. II. SCOPE OF SERVICES The CONSULTANT agrees to perform certain consulting, planning studies, and/or advisory services for the CITY, as outlined in RFQ 10803. III. TIMELINE The estimated duration of the study is eight to ten weeks. IV. PAYMENT 1. As outlined in the RFQ response, the fee will be $24,500. This fee consists of a professional fee of $22,000 and an allowance for out-of-pocket expenses (such as travel costs, publications, report production, and mailing), not to exceed $2,500. 2. No payment shall be made for any work performed by the CONSULTANT, except for work identified and set forth in this Contract -or supporting exhibits or attachments incorporated by reference into this Contract. 3. The CONSULTANT may, in accord to the rates set forth herein, submit invoices to the CITY not more often than once per month during the progress of the work for partial payment of work completed to date. Invoices shall cover the time CONSULTANT performed work for the CITY during the billing period. The CITY shall pay the CONSULTANT for services rendered in the month following the actual delivery of the work and will remit payment within thirty (30) days from the date of receipt of billing. 4. The CONSULTANT shall not be paid for services rendered under the Contract unless and until they have been performed to the satisfaction of the CITY. 5. In the event the CONSULTANT has failed to perform any substantial obligation to be performed by the CONSULTANT under this Contract and such failure has not been cured within ten (10) days following notice from the CITY, then the CITY may, in its sole discretion, upon written notice to the CONSULTANT, withhold any and all monies due and payable to the CONSULTANT, without penalty, until such failure to perform is cured or otherwise adjudicated. "Substantial" for purposes of this Contract means faithfully fulfilling the terms of the contract with variances only for technical or minor omissions or defects. 6. Unless otherwise provided for in this Contract or any exhibits or attachments hereto, the CONSULTANT will not be paid for any billings or invoices presented for payment prior to the execution of the Contract or after its termination. V. RETAINER Retainer is waived for CITY. VI. STANDARD PROVISIONS 1. TERM OF CONTRACT The term of this Contract shall begin on the date last executed below, and shall terminate upon completion of all services required hereunder by the CONSULTANT unless terminated earlier by the CITY in accordance with paragraph 6 of this Section of this Contract. 2. CONTRACT REPRESENTATIVES Each party to this Contract shall have a contract representative. Each party may change its representative upon providing written notice to the other party. The partiesrepresentatives are as follows: a. For CONSULTANT: Name of Representative: John D. Gordon, MAI Title: Certified General Real Estate Appraiser Mailing Address: 500 108th Ave., Suite 2400 City, State and Zip Code: Bellevue, WA 98004 Telephone Number: (425) 454-7040 Fax Number: (425) 450-1179 E-mail Address: jgordon @.gvakm.com 2 b. For CITY Name of Representative: Sue Ownby, CPPO Title: Purchasing Manager Mailing Address: 129 No. 2nd St. City, State and Zip Code: Yakima, WA 98901 Telephone Number: (509) 576-6695 Fax Number: (509) 576-6394 E-mail Address: sownby@ci.yakima.wa.us 3. AMENDMENTS AND CHANGES IN WORK a. In the event of any errors or omissions by the CONSULTANT in the performance of any work required under this Contract, the CONSULTANT shall make any and all necessary corrections without additional compensation. All work submitted by the CONSULTANT shall be certified by the CONSULTANT and checked for errors and omissions. The CONSULTANT shall be responsible for the accuracy of the work, even if the work has been accepted by the CITY. b. No amendment, modification or renewal shall be made to this Contract unless set forth in a written Contract Amendment, signed by both parties and attached to this Contract. Work under a Contract Amendment shall not proceed until the CITY has duly executed the Contract Amendment. 4. HOLD HARMLESS AND INDEMNIFICATION a. The CONSULTANT shall hold harmless, indemnify and defend the CITY, its officers, officials, employees and agents, from and against any and all claims, actions, suits, liability, losses, expenses, damages, and judgments of any nature whatsoever, including costs and attorneys fees in defense thereof, for injury, sickness, disability or death to persons or damage to property or business, caused by or arising out of the CONSULTANT'S negligent acts, errors or omissions in the performance of this Contract. Claims shall include, but not be limited to, claims that information supplied by the CONSULTANT infringes any patent, copyright, trademark, trade name, or otherwise results in an unfair trade practice. PROVIDED HOWEVER, that the CONSULTANT'S obligations hereunder shall not extend to injury, sickness, death or damage caused by or arising out of the sole negligence of the CITY, its officers, officials, employees or agents. PROVIDED FURTHER, that in the event of the concurrent negligence of the parties, the CONSULTANT'S obligations hereunder shall apply only to the percentage of fault attributable to the CONSULTANT, its employees or agents. b. In any and all claims against the CITY, its officers, officials, employees and agents by any employee of the CONSULTANT, anyone directly or indirectly employed by any of them, or anyone for whose acts any of them may be liable, the indemnification obligation under this Section shall not be limited in any way by any limitation on the amount or type of damages, compensation, or benefits payable by or for the CONSULTANT under Worker's Compensation acts, disability benefits acts, or other employee benefits acts, it being clearly agreed and understood by the parties hereto that the CONSULTANT expressly waives any immunity the CONSULTANT might have had under such laws. By executing the Contract, the CONSULTANT acknowledges that the foregoing waiver was mutually 'negotiated by the parties and that the provisions of this Section shall be incorporated, as relevant, into any contract the CONSULTANT makes with any CONSULTANT or agent performing work hereunder. c. The CONSULTANT'S obligations hereunder shall include, but are not limited to, investigating, adjusting and defending all claims alleging loss from action, error or omission, or breach of any common law, statutory or other delegated duty by the CONSULTANT, the CONSULTANT'S employees, or agents. 5. INSURANCE a. Workers' Compensation: The CONSULTANT shall maintain workers' compensation insurance as required by Title 51, RCW, and shall provide evidence of coverage to the CITY. If the CONSULTANT has employees, the CONSULTANT shall request the Washington State Department of Labor and Industries, Workers' Compensation Representative, send written verification to CITY that the CONSULTANT is currently paying Workers' Compensation. b. Commercial General Liability: The CONSULTANT shall maintain Commercial General Liability coverage for bodily injury, personal injury and property damage, subject to limits of not less than $1,000,000 per loss. The general aggregate limit shall apply separately to this Contract and be no less than $2,000,000. i. The CONSULTANT shall provide Commercial General Liability coverage which does not exclude any activity to be performed in fulfillment of this Contract. Specialized forms specific to the industry of the CONSULTANT will be deemed equivalent provided coverage is no more restrictive than would be provided under a standard Commercial General Liability policy, including contractual liability coverage. ii. The CONSULTANT'S Commercial General Liability insurance shall include the CITY, its officers, officials, employees and agents with respect to performance of services, and shall contain no special limitations on the scope of protection afforded to the CITY as an additional insured. iii. The CONSULTANT shall furnish the CITY with evidence that the additional insured provision required above has been met. An acceptable form of evidence is the endorsement pages of the policy showing the CITY as an additional insured. iv. If the CONSULTANT'S liability coverage is written as a claims made policy, then the CONSULTANT must evidence the purchase of an extended reporting period or "tail" coverage for a three-year period after project completion, or otherwise maintain the coverage for the three-year period. v. If the Contract is over $50,000 then the CONSULTANT shall also maintain Employers Liability Coverage with a limit of not less than $1 million. c. Automobile Liability: The CONSULTANT shall maintain Business Automobile Liability insurance with a limit of not less than $1,000,000, each accident combined Bodily Injury and Property Damages. Coverage shall include owned, hired and non -owned automobiles. 4 d. Professional Liability Insurance: Before this Agreement is fully executed by the parties, CONSULTANT shall provide the City with a certificate of insurance as evidence of Professional Errors and Omissions Liability Insurance with coverage of at least One Million Dollars ($1,000,000.00) per occurrence and an annual aggregate limit of at least One Million Dollars ($1,000,000.00). The certificate shall clearly state who the provider is, the amount of coverage, the policy number, and when the policy and provisions provided are in effect. The insurance shall be with an insurance company rated A -VII or higher in Best's Guide. If the policy is on a claims made basis, the retroactive date of the insurance policy shall be on or before January 1, 1999, or shall provide full prior acts. The insurance coverage shall remain in effect during the term of this Agreement and for a minimum of three (3) years following the termination of this Agreement. e. Other Insurance Provisions: i. The CONSULTANT'S liability insurance provisions shall be primary with respect to any insurance or self-insurance programs covering the CITY, its elected and appointed officers, officials, employees and agents. ii. Any failure to comply with reporting provisions of the policies shall not affect coverage provided to the CITY, its officers, officials, employees or agents. iii. The CONSULTANT'S insurance shall apply separately to each insured against whom claim is made or suit is brought, except with respect to the limits of the insurer's liability. iv. The CONSULTANT shall include all subconsultants as insureds under its policies or shall furnish separate certificates and endorsements for each subconsultant. All coverage for subconsultants shall be subject to all of the requirements stated herein. v. The insurance limits mandated for any insurance coverage required by this Contract are not intended to be an indication of exposure nor are they limitations on indemnification. vi. The CONSULTANT shall maintain all required policies in force from the time services commence until services are completed. Certificates, policies, and endorsements expiring before completion of services shall be promptly replaced. f. Verification of Coverage and Acceptability of Insurers: The CONSULTANT shall place insurance with insurers licensed to do business in the State of Washington and having A.M. Best Company ratings of no less than A-, with the exception that excess and umbrella coverage used to meet the requirements for limits of liability or gaps in coverage need not be placed with insurers or re -insurers licensed in the State of Washington. i. Certificates of Insurance shall show the Certificate Holder as CITY OF YAKIMA and include do of the Office or Department issuing the Contract. The address of the Certificate Holder shall be shown as the current address of the Office or Department. 5 ii. Written notice of cancellation or change shall be mailed to the City's Contract Representative identified in Section 4 of this Contract iii. The CONSULTANT shall furnish the CITY with properly executed certificates of insurance or a signed policy endorsement which shall clearly evidence all insurance required in this section prior to commencement of services. The certificate will, at a minimum, list limits of liability and coverage. The certificate will provide that the underlying insurance contract will not be canceled or allowed to expire except on thirty (30) days prior written notice to the CITY. iv. The CONSULTANT or its broker shall provide a copy of any and all insurance policies specified in this Contract upon request of the CITY. 6. TERMINATION a. The CITY may terminate this Contract in whole or in part whenever the CITY determines, in its sole discretion, that such termination is in the best interests of the CITY. The CITY may terminate this Contract upon giving thirty (30) days written notice by Certified Mail to the CONSULTANT'S Contract Representative. In that event, the CITY shall pay the CONSULTANT for all costs incurred by the CONSULTANT in performing the Contract up to the date of such notice. Payment shall be made in accordance with Section III of this Contract. b. In the event that funding for this project is withdrawn, reduced or limited in any way after the effective date of this Contract, the CITY may summarily terminate this Contract notwithstanding any other termination provision of the Contract. Termination under this paragraph shall be effective upon the date specified in the written notice of termination sent by the CITY to the CONSULTANT. After the effective date, no charges incurred under this Contract are allowable. c. If the CONSULTANT breaches any of its obligations hereunder, and fails to cure the breach within ten (10) days of written notice to do so by the CITY, the CITY may terminate this Contract, in which case the CITY shall pay the CONSULTANT only for the costs of services accepted by the CITY, in accordance with Section III of this Contract. Upon such termination, the CITY, at its discretion, may obtain performance of the work elsewhere, and the CONSULTANT shall bear all costs and expenses incurred by the CITY in completing the work and all damage sustained by the CITY by reason of the CONSULTANT'S breach. 7. NO CONFLICT OF INTEREST CONSULTANT represents that it or its employees do not have any interest and shall not hereafter acquire any interest, direct or indirect, which would conflict in any manner or degree with the performance of this Agreement. CONSULTANT further covenants that it will not hire anyone or any entity having such a conflict of interest during the performance of this Agreement. 6 8. ASSIGNMENT, DELEGATION, AND. SUBCONTRACTING a. The CONSULTANT shall perform the terms of the Contract using only its bona fide employees or agents, and the obligations and duties of the CONSULTANT under this Contract shall not be assigned, delegated, or subcontracted to any other person or firm without the prior express written consent of the CITY. b. The CONSULTANT warrants that it has not paid nor has it agreed to pay any company, person, partnership, or firm, other than a bona fide employee working exclusively for CONSULTANT, any fee, commission, percentage, brokerage fee, gift, or other consideration contingent upon or resulting from the award or making of this Contract. 9. NON -WAIVER OF RIGHTS The parties agree that the excuse or forgiveness of performance, or waiver of any provision(s) of this Contract does not constitute a waiver of such provision(s) or future performance, or prejudice the right of the waiving party to enforce any of the provisions of this Contract at a later time. 10. INDEPENDENT CONSULTANT a. The CONSULTANT'S services shall be furnished by the CONSULTANT as an Independent CONSULTANT and not as an agent, employee or servant of the CITY. The CONSULTANT specifically has the right to direct and control CONSULTANT'S own activities in providing the agreed services in accordance with the specifications set out in this Contract. b. The CONSULTANT acknowledges that the entire compensation for. this Contract is set forth in Section III of this Contract, and the CONSULTANT is not entitled to any CITY benefits, including, but not limited to: vacation pay, holiday pay, sick leave pay, medical, dental, or other insurance benefits, fringe benefits, or any other rights or privileges afforded to CITY OF YAKIMA employees. c. The CONSULTANT shall have and maintain complete responsibility and control over all of its subconsultants, employees, agents, and representatives. No subconsultant, employee, agent or representative of the CONSULTANT shall be or deem to be or act or purport to act as an employee, agent or representative of the CITY. d. The CONSULTANT shall assume full responsibility for the payment of all payroll taxes, use, sales, income or other form of taxes, fees, licenses, excises, or payments required by any City, federal or state legislation which is now or may be enacted during the term of this Contract as to all persons employed by the CONSULTANT and as to all duties, activities and requirements by the CONSULTANT in performance of the work on this project and under this Contract and shall assume exclusive liability therefore, and meet all requirements thereunder pursuant to any rules or regulations. e. The CONSULTANT agrees to immediately remove any of its employees or agents from assignment to perform services under this Contract upon receipt of a written request to do so from the CITY'S Contract Representative or designee. 11. COMPLIANCE WITH LAWS The CONSULTANT shall comply with all applicable federal, state and local laws, rules and regulations in performing this Contract. 12. INSPECTION OF BOOKS AND RECORDS The CITY may, at reasonable times, inspect the books and records of the CONSULTANT relating to the performance of this Contract. The CONSULTANT shall keep all records required by this Contract for six (6) years after termination of this Contract for audit purposes. 13. NONDISCRIMINATION The CONSULTANT, its assignees, delegatees or subconsultants shall not discriminate against any person in the performance of any of its obligations hereunder on the basis of race, color, creed, ethnicity, religion, national origin, age, sex, marital status, veteran status, sexual orientation or the presence of any disability. Implementation of this provision shall be consistent with RCW 49.60.400. 14. OWNERSHIP OF MATERIALS/WORK PRODUCED a. Material produced in the performance of the work under this Contract shall be as works for hire as defined by the U.S. Copyright Act of 1976 and shall be owned by the CITY. This material includes, but is not limited to, books, computer programs, plans, specifications, documents, films, pamphlets, reports, sound reproductions, studies, surveys, tapes, and/or training materials. Ownership includes the right to copyright, patent, register, and the ability to transfer these rights. The CITY agrees that if it uses any materials prepared by the CONSULTANT for purposes other than those intended by this Contract, it does so at its sole risk and it agrees to hold the CONSULTANT harmless therefore to the extent such use is agreed to in writing by the CONSULTANT. b. An electronic copy of all or a portion of material produced shall be submitted to the CITY upon request or at the end of the job using the word processing program and version specified by the CITY. 15. DISPUTES Differences between the CONSULTANT and the CITY, arising under and by virtue of this Contract, shall be brought to the attention of the CITY at the earliest possible time in order that such matters may be settled or other appropriate action promptly taken. Any dispute relating to the quality or acceptability of performance and/or compensation due the CONSULTANT shall be decided by the CITY'S Contract Representative or designee. All rulings, orders, instructions and decisions of the CITY'S Contract Representative shall be final and conclusive, subject to the CONSULTANT'S right to seek judicial relief pursuant to paragraph 15 of this Section. 8 16. CHOICE OF LAW, JURISDICTION AND VENUE a. This Contract has been and shall be construed as having been made and delivered within the State of Washington, and it is agreed by each party hereto that this Contract shall be governed by the laws of the State of Washington, both as to its interpretation and performance. b. Any action at law, suit in equity, or judicial proceeding arising out of this Contract shall be instituted and maintained only in any of the courts of competent jurisdiction in the CITY OF YAKIMA, Washington. 17. SEVERABILITY a. If a court of competent jurisdiction holds any part, term or provision of this Contract to be illegal, or invalid in whole or in part, the validity of the remaining provisions shall not be affected, and the parties' rights and obligations shall be construed and enforced as if the Contract did not contain the particular provision held to be invalid. b. If any provision of this Contract is in direct conflict with any, statutory provision of the State of Washington, that provision which may conflict shall be deemed inoperative and null and void insofar as it may conflict, and shall be deemed modified to conform to such statutory provision. c. Should the CITY determine that the severed portions substantially alter this Contract so that the original intent and purpose of the Contract no longer exists, the CITY may, in its sole discretion, terminate this Contract. 18. NOTICES Any notices shall be effective if personally served upon the other party or if mailed by registered or certified mail, return receipt requested, to the addresses set out in paragraph 2 of this Section. Notice may also be given by facsimile with the original to follow by regular mail. Notice shall be deemed to have been given three days following the date of mailing or immediately if personally served. For service by facsimile, service shall be effective upon receipt during working hours. If a facsimile is sent after working hours, it shall be effective at the beginning of the next working day. 19. ENTIRE AGREEMENT The parties agree that this Contract, together with ATTACHMENT A (RFQ Response 10803) is the complete expression of its terms and conditions. Any oral or written representations or understandings not incorporated in this Contract are specifically excluded. VI. AUTHORIZED SIGNATORS GVA Kidder Mathews By: Jo D. Gordon, MAI Certified General Real Estate Appraiser Date: Z 0 City of Yakima By: R. A. Zais, r., City Manager Date: e CITY CONTRAC r NO: vieVi RESOLUTION NO: A' 24:71? -01 10 • r ITEM TITLE: SUBMITTED BY: BUSINESS OF THE CITY COUNCIL YAKIMA, WASHINGTON AGENDA STATEMENT Item No. 7 For Meeting of: February 19, 2008 Resolution Authorizing a Professional Services Agreement with GVA Kidder Mathews to conduct an Expansion Feasibility Study at the Yakima Center Bill Cook, Community and Economic Development Director John Cooper, President and CEO, Yakima Valley Visitors and Convention Bureau CONTACT PERSON/TELEPHONE: Bill Cook, CED Director - 575-6227 SUMMARY EXPLANATION: Staff respectfully submits for Council consideration a Resolution authorizing a comprehensive feasibility study to expand the Yakima Center. The study would include the following tasks: 1) Determine and evaluate the Yakima Center Market 2) Estimate the market share obtainable by an expanded facility 3) Review facility space requirements to ensure they match potential markets 4) Identify tradeoff of space versus revenue, if facility is not built to match market potential 5) Determine potential growth of hotel/motel tax for the next five years 6) Project operating revenue for the first five years 7) Project operating expenses for the first five years 8) Final report This agreement allows approximately $26,000 for the scope of services needed to provide a thorough and detailed analysis of a proposed facility. *Council approved funding for these services during the City's 2007 Budget process. Resolution X Ordinance Other (Specify) Professional Services Agreement Mail to (name and address): John Gordon, GVA Kidder Mathews, 500 108th Ave NE, Suite 2400, Bellevue, WA 98004 Funding Source: *Public Facilities District APPROVED FOR SUBMITTAL: City Manager STAFF RECOMMENDATION: Staff respectfully requests adoption of the Resolution authorizing and directing the City Manager to execute a Professional Services Agreement with GVA Kidder Mathews together with additional and appropriate documents necessary to conduct a Yakima Center Expansion Feasibility Study. BOARD/COMMISSION RECOMMENDATION: illCOUNCIL ACTION: Adopt Resolution Statement of Qualifications and Proposal for Services Yakima Convention Center Proposed Expansion Market Feasibility Study ..i4 •' . e « - ej ii\ IIrig �• * 1 4 I, • Prepared For: City of Yakima Sue Ownby, Purchasing Manager Prepared By: John D. Gordon, MAI GVA Kidder Mathews Valuation Advisory Services 500 108th Avenue NE, Suite 2400 Bellevue, WA 98004 425.454.7040 / Fax 425.450.1179 www.gvakm.com City of Yakima RFQ No. 10803 GVA Kidder Mathews Worldwide Real Estate Solutions Valuation Advisory Services 500 108th Avenue NE, Suite 2400 Bellevue, Washington 98004 Tel: 425.454.7040 Fax: 425.450.1179 www.gvakm.com January 8, 2008 Sue Ownby, Purchasing Manager City of Yakima 129 North Second Street Yakima, Washington 98901 509-576-6695 sownby@ci.yakima.wa.us Dear Ms. Ownby: Attached is our Statement of Qualifications and Proposal for Services, submitted in response to RFQ No. 10803 concerning a study of a proposed expansion of the Yakima Convention Center. Presented in this document are a summary of the study parameters, a description of our firm, my personal qualifications as lead consultant, professional references, an outline of the study scope, the estimated duration of the assignment, and a breakdown of our fee. If you have any questions concerning our qualifications or this proposal for services, please contact me. Respectfully submitted, /L John D. Gordon, MAI Certified General Real Estate Appraiser WA Certificate No. 1100661, exp 3/27/2009 Yakima Convention Center RFQ No. 10803 Table of Contents Study Parameters 1 Qualifications of the Firm 7 Qualifications of the Consultant 3 Professional References 4 Scope of Work 5 Fee and Timing 7 ADDENDUM ❑ Request for Qualifications ❑ GVA Valuation Advisory Services Brochure ❑ Consultant Resume and License Proposal for Services Valuation Advisory Services GVA Kidder Mathews Yakima Convention Center RFQ No. 10803 Study Parameters Subject History Location Opinion and Use Certification The subject of this study is the Yakima Convention Center, located at 10 North Eighth Street in Yakima, Washington. The facility is owned and operated by the City of Yakima. The convention center opened in 1976, and previously was expanded in 1997 and 2003. It presently houses about 41,000 square feet of meeting and prefunction space. The City is considering options for further expansion The existing facilities occupy the southeastern portion of the block bounded by Yakima Avenue, Sixth Street, B Street, and Eighth Street The proposed addition would be developed on the block to the east, across Eighth Street. The intended use of the study is to assist the City of Yakima in evaluating the potential benefits of the proposed expansion. The intended users are the City of Yakima and its assigns. This study will be conducted, and our narrative report will be prepared, in conformance with the requirements and guidelines of the Uniform Standards of Professional Appraisal Practice as they relate to feasibility studies and other general consulting assignments. Our report will include a statement of certification to this effect Proposal for Services Page 1 Valuation Advisory Services GVA Kidder Mathews Yakima Convention Center RFQ No. 10803 Qualifications of the Firm GVA Kidder Mathews GVA Kidder Mathews is the largest commercial real estate firm in the Pacific Northwest, offering a full spectrum of brokerage, appraisal, property management, development, and consulting services. The firm manages a property portfolio encompassing more than 18 million square feet, and each year facilitates more than $2 billion in commercial real estate transactions. We also provide development, consulting, and valuation services to the top institutions and corporations in the region. The global strategic partnership with GVA, an organization of real estate industry leaders around the world, provides in-depth knowledge of more than 120 markets in 35 countries. Valuation Advisory Valuation Advisory Services is the consulting division of GVA Kidder Services Mathews. The group specializes in investment grade real estate with a diversified background in appraisal, market analysis, and consultation. Our professionals assist clients in the development, acquisition, sale, leasing, and financing of major urban real estate throughout the western United States. Property types analyzed include hotels, offices, industrial space, retail shopping centers, apartments, condominiums, golf courses, airports, marinas, athletic clubs, parking garages, service stations, truck stops, restaurants, branch banks, high value single-family residences and estates, theaters, residential subdivisions, and vacant land A detailed description of the VAS division is included in the Addendum to this proposal. Proposal for Services Page 2 Valuation Advisory Services GVA Kidder Mathews Yakima Convention Center RFQ No. 10803 Qualifications of the Consultant Lead Consultant The lead consultant for this study will be John D. Gordon, MAI, Senior Appraiser in the Bellevue office of GVA Kidder Mathews. Education Employment Experience Mr. Gordon holds a B.A. in economics from the University of California and an M.B.A. in finance from the University of Washington. Mr Gordon has served as a staff appraiser, as a regional appraisal manager for a national accounting and consulting firm, and as a principal of an independent appraisal company. Prior to joining GVA Kidder Mathews, he was a manager in the Commercial Appraisal Department of Washington Mutual Bank, where he oversaw the valuation of a national portfolio of special purpose properties. In his present position, he is responsible for the valuation and analysis of hotels and related facilities. Mr. Gordon has over 20 years experience in the analysis and valuation of complex income property During that time, he has appraised or evaluated over 300 hotels in 11 western states. During 2007, Mr. Gordon appraised the proposed Aspen Hotel Yakima, presently under construction. He also appraised hotels in Allyn, Bothell, Bremerton, Clarkston, Edmonds, Lakewood, Langley, Richland, Seattle, Sekiu, Spokane, Tukwila, and Walla Walla, Washington; Portland, Oregon; and Twin Falls, Idaho In 2000, Mr. Gordon was the lead consultant on a previous feasibility study for the Yakima Convention Center. As we understand, many of the recommendations developed during that study are incorporated in the proposed expansion. Mr. Gordon is a designated member of the Appraisal Institute (MAI), and is licensed by the State of Washington as a certified general real estate appraiser. Copies of his resume and license are included in the Addendum. Proposal for Services Page 3 Valuation Advisory Services GVA Kidder Mathews Yakima Convention Center RFQ No. 10803 Professional References Thomas P. Kennedy, CHA Kennedy & Mohn, P.S. 14108 SE 182nd Street Renton, Washington 98058 425-277-5755 tkennedy@hotel-ealtynw.com Melvin C. Morgan Jr., MAI Washington Capital Management 1301 Fifth Avenue, Suite 1500 Seattle, Washington 98101 206-382-0825 mel.morgan@wcmadvisors.com Ron D. Hartsoch, Chief Appraiser Sterling Savings Bank 111 N Wall Street, Third Floor Spokane, Washington 99201 509-358-8094 ron.hartsoch@sterhngsavings.corn Ronald W. Bunn, MAI Washington Mutual Bank 1301 Second Avenue, 38th Floor Seattle, Washington 98101 206-500-4543 ronald.bunnwannr.net Wolfgang 0. Rood Wolfgang Rood Hospitality Consulting 10900 NE Eighth Street, Suite 900 Bellevue, Washington 98004 425-455-2390 wolf -rood a msn.com Toni Kennedy participated with ire in the study for a previous expansion of the Yakima Convention Center. He also has conducted numerous hotel _feasibility studies. He is now a principal of a firm that provides consulting and brokerage services for the lodging industry. Mel Morgan was National CRE Manager at Washington Mutual Bank, where he oversaw the appraisal of retail, office, industrial, and special properties. He can speak to my performance in overseeing the valuation of assisted living facilities, nursing homes, and convenience store. Ron Hartsoch heads up the appraisal department at Sterling Savings Bank. Based in Spokane, this regional lender. financed numerous lodging properties in Washington and Oregon. I have completed several hotel appraisals at his request Ron can address the content and quality of these reports. Ron Bunn is a reviewer in the commercial appraisal department off/Vail/1u. His area of responsibility includes the bank's portfolio of low-income multifamily housing. He can discuss my responsiveness and the depth of analysis in my appraisals of complex tax credit properties Wolf Rood was the managing partner at the Seattle office of Pannell Kerr Forster. When that office was closed, he and I formed an independent hotel appraisal _firm. He can speak to my efforts to promote the business and meet the needs of our clients. Proposal for Services Page 4 Valuation Advisory Services GVA Kidder Mathews Yakima Convention Center RFQ No. 10803 Scope of Work Task 1 Determine and evaluate the Yakima Convention Center market. We first will evaluate the supply of comparable convention facilities and the historical volume of meeting demand. This will establish a baseline for our subsequent analysis of the proposed expansion. There are two components to the competitive supply freestanding convention and event centers, and meeting facilities housed within full service hotels. We will conduct a statewide survey of convention centers and convention hotels, compiling data on location, age, configuration, and capacity. This will establish the volume of space available for meetings and events in the primary urban markets. Demand will be estimated for each market based on the number of events, the number of delegate days, the number of occupied nights, and the volume of convention center revenue. This data will be used to evaluate the historical position of Yakima within the regional convention market. Task 2 Estimate the market share obtainable by an expanded facility. For this task, we will project regional convention demand through a forecast period of at least five years. We then will use penetration analysis to estimate the volume of demand that could be captured in the Yakima market with and without the proposed expansion. Task 3 Review facility space requirements to ensure that they match potential markets. For this task, we will first compare the configuration and capacity of convention facilities in Yakima (as proposed) to those of the comparable markets. We will then draw a comparison of demand by event type, average delegate count, seasonality, and source market. The two analyses will form the basis for a determination as to the appropriate configuration for the proposed addition. Proposal for Services Page 5 Valuation Advisory Services GVA Kidder Mathews Yakima Convention Center RFQ No. 10803 Task 4 Identify tradeoff of space versus revenue, if facility is not built to match market potential. This task requires a sensitivity analysis. Based on our research and on the expectations of city officials and convention center management, we will consider several development options. For each option, we will estimate the annual volume of convention center revenue through the forecast period. Task 5 Determine potential growth of hotel /motel tax for the next five years. For this task, we will first evaluate the historical relationship of lodging tax receipts to convention volume. Based on our forecast of convention revenue and delegate days, we will estimate the potential lodging revenue and tax receipts. We will then adjust this forecast to account for projected changes in the Yakima lodging supply. Task 6 Project operating revenue for the first five years. Our forecast of revenue for the expanded convention center will be based on the historical revenue per event and per delegate, adjusted for trending and for projected changes in the mix and size of events. This analysis will consider rental income, catering and other service income, and the potential for lease income. Task 7 Project operating expenses for the first five years. Report Expenses will be projected based on the historical expenses and projected changes in revenue. Expenses will be segregated between variable components (those items that are directly related to revenue and/or volme) and fixed components (those that are not). The results of our analysis will be presented in a self-contained narrative report. This report will include explanatory text and tables detailing our analysis of market supply, market demand, and historical and projected performance. The Addendum to the report will include site and building plans and other exhibits, as available. Proposal for Services Page 6 Valuation Advisory Services GVA Kidder Mathews Yakima Convention Center RFQ No. 10803 Fee and Timing Study Duration Fees & Expenses The estimated duration of the study is eight to ten weeks. We will report our progress at monthly intervals, and will provide you with a specific reporting date when the study is approximately 50% complete. Upon completion of our analysis, we will issue a draft report in electronic format for your review. The final bound reports will be issued upon receipt of your authorization. Our fee for the study will be $24,500. This fee consists of a professional fee of $22,000 and an allowance for out-of-pocket expenses (such as travel costs, publications, report production, and mailing) not to exceed $2,500. In the event that travel and other costs are less than this allowance, we will charge you only for the costs actually incurred. Progress payments will be invoiced at monthly intervals. Our professional fee will be allocated according to the estimated percentage completion at the close of each month. Each invoice will include the allocated fee and out-of-pocket expenses incurred during the period. Payment for the closing balance of the study will be due no later than 30 days following issuance of the draft report. Past -due accounts bear interest at 18 percent per year. Either party may terminate this engagement for any reason upon written notification delivered any time prior to completion of the project. In that event, you remain obligated to pay us promptly for all charges for services rendered to date, as well as for all charges incurred as a result of termination. We do not anticipate that any disputes will arise out of our relationship with you. However, if any dispute should arise about our services or fees or any other aspect of our relationship, we and you agree to seek a fair negotiated resolution. If this is not successful, all disputes shall be resolved by binding arbitration in Seattle under the American Arbitration Association ("AAA") Commercial Arbitration Rules with Expedited Procedures in effect on the date hereof. The arbitrator may award attorneys' fees and costs to the prevailing party Proposal for Services Page 7 Valuation Advisory Services GVA Kidder Mathews Yakima Convention Center RFQ No. 10803 ADDENDUM Addendum Valuation Advisory Services GVA Kidder Mathews Yakima Convention Center RFQ No. 10803 Request for Qualifications Addendum Valuation Advisory Services GVA Kidder Mathews GVA KIDDER MATTHEWS 500 108TH AVE NE SUITE 2400 BELLEVIJE, WA 98004 ATTEN: JOHN D GORDON, CITY OF YAKIMA Request for Qualifications No. 10803 For: Yakima Convention Center Expansion Feasibility Study December 20, 2007 Notice to Proposers Request for Qualifications No. 10803 Notice is hereby given by the undersigned that sealed Requests for Qualifications and Proposals will be accepted in the office of the Yakima City Clerk, Yakima City Hall, 129 N. 2nd Street, Yakima, Washington 98901 until the hour of 2:00 PM, January 24, 2008 and Respondents names will be publicly read for: Yakima Convention Center Expansion Feasibility Study. The City of Yakima has set aside up to $26,000 in the Yakima Convention Center Budget for all reimbursable expenses for a Feasibility Study for an expansion. The selected primary consultant, individually or in conjunction with subcontractors, will work with the City to provide the scope of work as listed in the RFQ package. Request for Qualification Packets are available in the office of the Purchasing Manager, City Hall, Yakima, Washington. 509-575-6093. The City of Yakima reserves the right to reject any and all RFQ's. Dated this 18th day of December, 2008 (Seal) Sue Ownby, CPPO Purchasing Manager Publish on December 20th and December 22nd, 2007 CITY OF YAKIMA REQUEST FOR QUALIFICATIONS NO. 10803 CONVENTION CENTER EXPANSION - FEASIBILITY STUDY This Request for Qualifications (RFQ) invites responses from consultants interested in preparing a Feasibility Study for an expansion of the Yakima Convention Center. 1 PURPOSE: The City of Yakima has set aside up to $26,000 in the Convention Centers Budget for all reimbursable expenses for a Feasibility Study for a possible expansion of the Convention Center. The selected primary consultant, individually or in conjunction with subcontractors, will work with the City to provide the following scope of work, as listed in this RFQ. 2. DEFINITIONS. A. City The City of Yakima, Washington, and its departments. B. Applicant The person or firm submitting the proposal. C. RFQ D. Selection Committee E. Qualification Packet 3. RFQ ADMINISTRATION: The Request for Qualification, including any amendments or other addenda hereto. In case of conflict between the RFQ and exhibits, the RFQ governs. The RFQ Selection Committee is comprised of the RFQ Coordinator, City staff and community leaders. Committee will not exceed 5 people. The materials submitted by each Applicant in response to the RFQ, including all attachments. Upon release of this RFQ, all applicant communication should be directed in writing to the RFQ Coordinator listed below. Any oral communications with other City employees will be considered unofficial and non-binding on the City. 4. RFQ COORDINATOR. The RFQ Coordinator is: Sue Ownby, Purchasing Manager City of Yakima 129 No. 2nd Street Yakima, WA 98901 Ph: 509-576-6695 Email: sownby@ci.yakima.wa.us 5. PRELIMINARY RFQ SCHEDULE (may be revised as needed) Date RFQ Released 12/20/07 Qualification Packets Due 1/24/08 at 2:00 P.M. Interviews 1/30-1/31/08 Faxing or mailing of letters to successful applicants 2/2/08 Proposed Start Date 2/9/08 The successful applicant will be offered the opportunity to enter into an agreement with the City of Yakima to provide consultant services. Applicants should enclose a copy of their proposed agreement. For the City of Yakima's own best interest, the City Manager reserves the right to accept or reject any or all applicants. 6. A BRIEF DESCRIPTION OF THE CONVENTION CENTER: The Yakima Convention Center was built in 1976, renovated in 1991, expanded in 1997 and 2003. The expansions have taken the original Center from total building space of 30,000 square feet to approximately 75,000. The meeting space was enlarged from 14,257 to 41,000 square feet through the two expansions. In 2007 a long-range plan was created along with a suggested design and campus improvements. This study is being done to see if the expansion component of the plan is justified. 7. DEADLINE FOR DELIVERY OF QUALIFICATIONS: One original proposal, with four (4) complete copies, shall be sealed and must be delivered no later than 2:00 P.M. PST, January 24, 2008 to: City of Yakima Clerks Office 129 No. 2"d St. Yakima, WA 98901 Proposal packages must be marked: RFQ No. 10803 Yakima Convention Center Feasibility Study. QUALIFICATIONS RECEIVED AFTER 2:00 P.M. PST, January 24, 2008 WILL NOT BE ELIGIBLE FOR CONSIDERATION. THE DEADLINE WILL BE STRICTLY ADHERED TO. LATE PROPOSALS WILL NOT BE CONSIDERED. Proposals, which do not include all requested information and required documentation, may be considered non-responsive 8. SCOPE OF WORK: The City of Yakima has set aside up to $26,000 in the Convention Centers Budget for all reimbursable expenses for a Feasibility Study for a possible expansion of the Center. The selected primary consultant, individually or in conjunction with subcontractors, will work with the City to provide the following scope of work. • Determine and evaluate the Yakima Convention Center Market • Estimate the market share obtainable by an expanded facility • Review facility space requirements to ensure that they match potential markets • Identify trade off of space versus revenue, if facility is not built to match market potential • Determine potential growth of hotel/motel tax for the next five years • Project operating revenue for the first five years • Project operating expenses for the first five years 9. QUALIFICATION DOCUMENTS Qualification Requirements Qualifications may be in the form of a letter and should include a copy of the applicants resume. The submitted Qualifications should be prepared simply, providing a straightforward, concise delineation of the approach and capabilities necessary to satisfy the requirements of the RFQ. Emphasis in the qualification packet should be on completeness, clarity of content, and adherence to the presentation structure required by the RFQ. 10. QUALIFICATION REQUIREMENT Applicants should address the following areas in their letter: Experience: (1) Explain the qualifications your firm has to complete all phases of the feasibility study. (2) Describe your experience providing feasibility studies. References: List three professional references (with addresses and phone numbers) who are able to provide information regarding your ability to perform the feasibility study. 11. EVALUATION BY ANALYSIS COMMITTEE: All qualification packets will be screened to determine whether the minimum requirements of the RFQ are met. The Selection Committee (SC) will then evaluate those applicants who meet the minimum RFQ requirements. A. Qualification Evaluation Criteria: The following are the criteria which will be used in the selection of applicants. A maximum score of 100 points will be used to evaluate applicants. Each of the following elements shall have the stated maximum point value: 12. POST EVALUATION EVENTS: The SC will fax or e-mail written notices by 1/28/08, to all applicants who submitted qualifications. The Selection Committee (SC) intends to complete contract negotiations with the successful applicant and execute all contracts during the first week of February 2008. Qualification and Ex•erience Points (1) Firm Capabilities 30 (2) Key Personnel Experience 30 (3) References 15 (4) Relevant Experience 15 (5) Presentation 10 TOTAL 100 12. POST EVALUATION EVENTS: The SC will fax or e-mail written notices by 1/28/08, to all applicants who submitted qualifications. The Selection Committee (SC) intends to complete contract negotiations with the successful applicant and execute all contracts during the first week of February 2008. 13. OTHER INFORMATION. A. Reservation: The SC reserves the right to revise the RFQ schedule, to revise the RFQ and/or to issue amendments to the RFQ. The SC also reserves the right to cancel or to reissue the RFQ in whole or in part prior to the execution of a contract. The SC also reserves the right to refrain from contracting with any and all applicants The release of the RFQ does not compel the SC to enter into any contract pursuant to the RFQ. Applicants may withdraw or supplement their responses at any time prior to the response closing date and time. To accomplish this, a written request signed by an authorized representative of the applicant must be submitted to the RFQ Coordinator. B. Applicants' Questions: Any person contemplating submitting an RFQ who is uncertain as to the intended meaning of any part of the RFQ or other contract documents, or who finds discrepancies in, or omissions from the RFQ may request interpretation, clarification, or correction of this RFQ. Such request must be in writing and must be delivered to the RFQ Coordinator by mail, e-mail, or hand delivery not later than ten (10) calendar days before the deadline for delivery of RFQ. The person submitting the request is responsible for its timely delivery. Any interpretation or correction of the RFQ will be made only by written addendum and will be mailed or delivered to each person receiving this RFQ. Any information given to any proposer concerning the solicitation or any changes to the RFQ shall be provided in writing to all proposers to ensure that all proposers receive the same information relating to the RFQ. The City will not be responsible for any other interpretation, clarification, or correction of this RFQ. Proposers must acknowledge receipt of any addenda received in their response by either stating they received the addenda, or returning said addenda with their response. Each proposer should verify that it has received all addenda to this RFQ by direct inquiry to the City Contact Person before submitting proposals. C Modification of Qualification Packet: Applicants may modify their qualification packet after the submission date only if the modification is consistent with the fair treatment of other interested providers. The SC has the sole discretion to allow an applicant to correct a mistake. D Clarification of Responses: As part of the evaluation process, and at the discretion of the SC staff, applicants may be asked to clarify specific points in their respective responses. The SC reserves the right to request oral interviews of applicants. 14. APPLICANTS COST TO DEVELOP QUALIFICATION PACKET: Costs for developing qualification packets in response to the RFQ are entirely the obligation of the Applicant and shall not be chargeable in any manner to the City. Yakima Convention Center RFQ No. 10803 GVA Valuation Advisory Services Brochure Addendum Valuation Advisory Services GVA Kidder Mathews About GVA Kidder Mathews Valuation Advisory Services Valuation Advisory Services is a division of GVA Kidder Mathews, the largest commercial real estate firm in the Pacific Northwest. GVA Kidder Mathews offers a full spectrum of brokerage, appraisal, property management, and consulting services. The global strategic partnership with GVA, a leading advisor in commercial real estate worldwide, provides in-depth knowledge of more than 80 markets in 20 countries. GVA Kidder Mathews Worldwide Real Estate Solutions Valuation Advisory Services 601 Union Street, Suite 4720 Seattle, Washington 98101 Tel: 206.205.0200 Fax. 206.205.0220 www.gvakm.com GVA Kidder Mathews offers the following services: • Appraisal and Consultation Services • Tenant/Buyer Representation • Office, Industrial, Retail, Apartment & Condominium Sales & Leasing • Investment Services • Financial Services • Property/Asset Management Professional Organizations and Affiliations (Individual and Corporate): • Appraisal Institute (MAI) • American Society of Real Estate Counselors (CRE) • Society of Industrial and Office Realtors (SIOR) • Certified Commercial Investment Member (CCIM) • International Council of Shopping Centers (ICSC) • Building Owners and Managers Association (BOMA) • Commercial Brokers Association (CBA) • South King County Chamber of Commerce • Pierce County Chamber of Commerce • Washington State Commercial Association of Realtors • Commercial Real Estate Women (CREW) • Society of Golf Appraisers (SGA) • Seattle Downtown Association • Snohomish County Economic Development Council • Bellevue Downtown Association • King County Economic Development Council • Pierce County Economic Development Board • Greater Seattle Chamber of Commerce • • • • Bellevue Chamber of Commerce Kirkland Chamber of Commerce Issaquah Chamber of Commerce Urban Land Institute • National Assoc. of Industrial and Office Parks (NAIOP) GVA Kidder Mathews Worldwide Real Estate Solutions Valuation Advisory Services GVA Kidder Mathews Valuation Advisory Services offers a full range of appraisal, valuation and consulting services. We operate independently of the brokerage and property management groups but benefit from our corporate association with GVA Kidder Mathews. The group specializes in investment grade real estate with a diversified background in appraisal, market analysis, and consultation. Our professionals assist clients in the development, acquisition, sale, leasing and financing of major urban real estate throughout the Western United States. Property types analyzed include office, medical office, industrial, high-tech, retail, hotel, apartments, condominiums, golf courses, airports, marinas, athletic clubs, parking garages, service stations, truck stops, restaurants, branch banks, high value single-family residences and estates, theaters, residential subdivisions and vacant land. Appraisal engagements have entailed analysis of full or partial fee simple, leased fee and leasehold interests in existing and proposed properties. All appraisals conform to Uniform Standards of Professional Appraisal Practice (USPAP) guidelines as set forth by the Appraisal Foundation and, when appropriate, the Office of the Comptroller of the Currency (OCC). Services include appraisals and consulting for: • Arbitration/Mediation • Local Improvement District Analysis • Buy/Sell Decisions • Market Analysis • Condemnation and Right -of -Way • Mortgage Financing • Estate Planning • Portfolio Analysis • Feasibility Analysis • Tax Appeal • Investment Analysis • Valuation of Sensitive Areas • Litigation Support Our Appraisers: • Include many with over 20 years (and, in some cases, 30 years) of appraisal experience, throughout the Continental United States. • Include designated MAI or associate members of the Appraisal Institute, members of the American Society of Real Estate Counselors (CRE), and Commercial Investment Real Estate Institute (CCIM). • Maintain certification in the states of Washington, Oregon and others through reciprocity. • Have been involved in the valuation and consultation of thousands of commercial properties throughout the Western United States. Clients Served Attorneys Foster Pepper Shefelman Gary Fluhrer Dick Keefe P. Stephen DeJulio 1111 3` Ave., Suite 3400 Seattle, WA 98101-3299 206 447.4400 Ellis Li & McKinstry Skip Li Keith Kemper 601 Union Street, Suite 4900 Seattle, WA 98101 206.682.0565 Financial Institutions US Bancorp Karl Schaffer, MAI 1420 5th Ave., Suite 700 Seattle, WA 98101 206.344.4551 Washington Mutual Bank Dave Grosten Ron Bunn Rhoda Van Engelen 1301 5th Ave., 12th Floor Seattle, WA 98101 206.377.1560 Governmental Agencies City of Seattle Robert Coe Alaska Building, 14th Floor 618 Second Avenue Seattle, WA 98104 206.233.2538 City of Tacoma Connie Corpuz 747 Market Street Tacoma, WA 98402 253.591.5813 Lasher Holzapfel Sperry & Ebberson Earl Lasher Shannon Sperry 601 Union Street, Suite 2600 Seattle, WA 98101 206.624.1230 Stoel Rives John Glowney 600 University, Suite 3600 Seattle, WA 98101 206.624.0900 Frontier Bank Jerry D. Dean 1102 Commerce St., Suite 600 Tacoma, WA 98402 253.779.4218 Bank of America Dan Kuehl, MAI 800 5`h Ave., 30`h Floor Seattle, WA 98104 206.358.8079 Washington State Department of Natural Resources Craig Calhoun PO Box 47014 Olympia, WA 98504 360.902.1600 King County Bernie Mellor 500 4`h Ave., Room 500A Seattle, WA 98104 206.296.0886 Property Owners/Representatives Overlake Hospital Janet Donelson 1035 116th Avenue NE Bellevue, WA 98004 425.688 5786 Schnitzer Northwest Greg MacDiannid 225 108th Ave. NE, Suite 400 Bellevue, WA 98371 425.452.3748 Touchstone Douglas Howe 2025 First Avenue, Suite 790 Seattle, WA 98121 206 727.2393 Teutsch Partners John S. Teutsch 2001 Western Avenue Seattle, WA 98101 206.728.1130 x205 CGVA Kidder Mathews Worldwide Real Estate Solutions Tousley Brain Stephens PLLC Chns Brain Kim Stephens 700 Fifth Avenue, Suite 5600 Seattle, Washington 98104-5056 206.682.5600 Riddell Williams Scott Smith 1001 4th Ave. Plaza, Suite 4500 Seattle, WA 98154 206.624.3600 KeyBank Dave Mosebar, MAI 601 108`h Avenue NE Bellevue, WA 98004 425.709.4341 Citigroup Global Markets, Inc. Mike Hemmens 325 E. Hillcrest Dr., Suite 160 Thousand Oaks, CA 91360 805.557.0930, ext. 224 Spokane PFD Kevin Twohig General Manager 720 West Mallon Avenue Spokane, WA 99201 509.279.7000 Cascade Land Conservancy Ryan Dicks 615 Second Avenue, Suite 625 Seattle, WA 98104 206.292.5907 Clise Properties Richard Stevenson 1700 Seventh Ave., Suite 1800 Seattle, WA 98101 206.623 7500 206.684.6464 Martin Selig Real Estate Martin Selig Pete Parker 1000 Second Ave., #1800 Seattle, WA 98104-1046 206.467.7600 Bush Strout & Kornfeld Gayle Bush 601 Union Street, Suite 5500 Seattle, WA 98101 206.292.2110 Davis Wright Tremaine Jim Greenfield 1501 4`h Avenue, Suite 2600 Seattle, WA 98101 206.622.3150 L J. Melody & Company Mike Makar 600 University St., #2910 Seattle, WA 98101 206.224.1691 Wells Fargo Bank Peter Boley 999 3 Ave., 11th Floor Seattle, WA 98104 206.292.3538 Port of Port Townsend Larry Crocket Jim Pivamik 333 Benedict Street Port Townsend, WA 98368 360.385.0565 Whidbey/Camano Land Trust Pat Powell 765 Wonn Rd, Barn C-201 Greenback, WA 98256 360.222.3310 Vulcan Northwest Ada Healy Lon Mason -Curran 505 5`h Ave. S., Suite 900 Seattle, WA 98104 206.342 200( Noble House Hotels and Resorts Jon Donaghue 225 108`h Ave. NE, Suite 300 Bellevue, WA 98004 425.827.8737 Significant Assignments Office • World Trade Center • 1101 Fourth Avenue • Exchange Building • Westin Building • Opus at Union Station • Queen Anne Plaza Office Building • Key Tower • Merrill Place • Smith Tower • Norton Building • 1800 9`h Avenue • .com Tower (PacMed) • SeaTac Office Center • Main & Grady Office Building • Key Bank Building Industrial • Kenyon Business Park • Oxbow Corporate Park • Park 90/5 • Seattle Steel Properties • SeaFreeze • National Guard Armory • Delta Airline Hangar • Kingsport Industrial Park • Rivers Edge Business Park • Starbucks Roasting Plant • Oakesdale Business Park • Sea -Tac International Airport Medical Office • Overlake Medical Center • Broadway Medical Center • Elmer J. Nordstrom Medical Tower • Fred Hutchinson First Hill Campus • Bristol -Meyers Squibb • Pacific Northwest Research Institute • Seattle Biotechnology Research Center Apartments • Metropolitan Tower • Seasons • Emerald Ridge • Sammamish View • Crystal Creek Apartments • Rolling Hills Apartments • Portsnuth • Kennewick Garden Court • Radcliffe Place • Gateway Commons Recreational/Hospitality • Edgewater Inn • Sorrento Hotel • Inn at the Market • Paramount Theatre • Islander Lopez Marina Resort • Port Ludlow Golf Course Marina • Plateau Golf & Country Club • Deer Harbor Marina • Hayden Island Marina • Coeur d' Alene & Silver Bch Mannas Seattle • Seattle • Seattle • Seattle • Seattle • Seattle • Seattle • Seattle • Seattle • Seattle • Seattle • Seattle • SeaTac • Renton • Bellevue • Seattle • Seattle • Seattle • Seattle • Seattle • Seattle • SeaTac • Kent • Kent • Kent • Renton • SeaTac • Bellevue • Seattle • Seattle • Seattle • Seattle • Seattle • Seattle Seattle • Bellevue • Bellevue • Bellevue • Bothell • Bremerton • Everett • Kennewick • Kent • Mercer Island • Seattle Seattle Seattle Seattle Lopez Island Port Ludlow Sammamish Orcas Island Portland, OR Idaho GVA Kidder Mathews Worldwide Real Estate Solutions Washington Mutual Tower Eastpointe Plaza City University Hidden Valley Office Advanced Technology Laboratones Northcreek Office Center Highlands Corporate Center Sammamish Park Place Kirkland 405 Corporate Center Universal Avionics Tacoma Financial Center Old City Hall Office Building Metropolitan Financial Center Paulsen Building IBM Building Valley Center Koll Redmond Business Park Kirkland Business Center Lakewood Industnal Park Port Commerce Center Various Port Properties Park in Puyallup Crown Cork & Seal International Paper Company Prop. McClellan Air Force Base Santa Barbara Airport Weyerhaeuser Mill Virginia Mason Research Center Genetic Systems Facility Nexus Canyon Park Group Health Medical Clinic Regional Biotech Market Study Good Samaritan Hospital Medical Bldgs. Vintage at Mt. Vernon Avignon Apartments Arbor Pointe Evergreen Heights Wharfside Pointe The Olympus McGuire Apartments Rosewood Club Lilac Plaza Winthrop Apartments Retail • Pacific Place • Greenwood Shopping Center • Aurora Pavilion Shopping Center • Jay Jacobs/O'Shea Building • Chandler's Cove • Piers 54, 55, 56, 57 and 70 • Crescent Court • Flour Mill • Gateway Center • Market @ Lake Tapps • The Pavilion • Shadle Shopping Center • SeaTac Mall Bellevue Bellevue Bellevue Bellevue Bothell Bothell Bothell Issaquah Kirkland Redmond Tacoma Spokane Spokane Spokane Spokane Auburn Redmond Kirkland Lakewood Tacoma Tacoma Puyallup Olympia Longview Sacramento Santa Barbara Snoqualmie & Enumclaw Seattle Redmond Bothell Everett Puget Sound Puyallup Mt. Vernon Redmond Richland Seattle Seattle Seattle Seattle Spokane Spokane Tacoma Seattle Seattle Seattle Seattle Seattle Seattle Spokane Spokane Yakima Lake Tapps Bainbridge Isl. Spokane Federal Way Team Overview CyA Kidder Mathews Worldwide Real Estate Solutions Peter K. Shorett, MM, CRE, CCIM, Executive Vice President and Division Manager, has been a real estate appraiser since 1980 and during that time, has amassed a widely diverse background. He served his apprenticeship in the Puget Sound region and then was promoted to Manager of Shorett & Riely's office in San Jose, California. He has concentrated on real estate valuation issues for properties located in the Puget Sound and Pacific Coast regions since returning to the Pacific Northwest in 1990. Stan Sidor, Vice President and Branch Manager — Tacoma, joined our group in February 2003. He brings expertise in the valuation of special-purpose properties such as golf courses, convenience stores, automobile dealerships, marinas, athletic clubs/fitness centers, and hotels, and properties impacted by wetlands or hazardous waste contamination. Gary C. Klockenteger, MAI, Vice President, has been involved with economic analysis of real estate since 1969 and since 1982 in real estate appraisal. Since 1989, he has specialized in multifamily residential complexes. Multifamily appraisal assignments include vacant land, proposed complexes, and existing apartments ranging in size from less than 10 to 750 units, tax credit projects, senior independent living facilities, and condominiums. Frank J. Keenan, MM, SGA, brings over 30 years of appraisal experience in the Pacific Northwest to his assignments. Since 1970 he has been associated with Schueler McKown Keenan & Young, and served as President for the last ten years. Frank merged Schueler McKown Keenan & Young with Shorett Kidder Mathews in January 2001. Specialties include valuations of golf courses, marinas and airports. John D. Gordon, MAI, has over 20 years experience in the analysis and appraisal of complex income property. He has served as a staff appraiser, as a regional appraisal manager for a national accounting and consulting firm, and as a principal of an independent appraisal company. Prior to joining GVA Kidder Mathews Valuation Advisory Services, he was Special Properties Manager in the Commercial Appraisal Department of Washington Mutual Bank, where he oversaw the valuation of a national portfolio of special purpose properties. Richard J. Briscoe, MM, has been a real estate appraiser since 1986. Richard founded Terra Property Analytics in 1997, which merged with GVA Kidder Mathews Valuation Advisory Services in March 2006. Specialties include apartments, condominiums, offices, medical offices, industrial, high-tech, hotels and resorts, retail, golf courses, regional malls, and vacant land. Experience also includes partial interests, special use properties, feasibility studies, and portfolio assignments. Andrew T. Robinson, MAI, has been a real estate appraiser since 1990. Andrew founded Terra Property Analytics in 1997, which merged with GVA Kidder Mathews Valuation Advisory Services in March 2006. Specialties include apartments, condominiums, offices, medical offices, industrial, high-tech, health science laboratories, hotels, retail centers of all types, golf courses, marinas, athletic clubs, and vacant land. He has experience with partial interests, air rights, conservation and land use agreements and condemnation. GVA Kidder Mathews Worldwide Real Estate Solutions Randall C. Gilliam, MAI, joined GVA Kidder Mathews Valuation Advisory Services in August 2006. Pnor to joining, Randy was a Principal at Cornerstone Consulting Group, Inc. in Bellevue. He has over 25 years experience in real estate, including 13 years as an appraiser. Past assignments include a wide scope of appraisal and consulting assignments performed on several property types including industrial, office, retail, multifamily, subdivisions, and several special purpose properties such as multi -screen movie theaters, service stations, and automobile dealerships to name a few. Assignments have been completed in Washington, Oregon, Utah and Alaska. Christopher L. Berger, MAI, joined GVA Kidder Mathews Valuation Advisory Services in August 2006. Prior to joining, Chris was a Principal at Cornerstone Consulting Group, Inc. in Bellevue. He has over 15 years of experience as a commercial real estate appraiser and consultant. Professional focus is on the valuation of income-producing properties with experience in market analysis and economic studies. Assignments have been completed on a diverse group of property types including retail centers, office buildings, medical office, industrial properties of all types, marinas, athletic clubs, automobile dealerships, hotels and senior care facilities. Geographic coverage includes Washington, Oregon, Idaho and California. John Andrews graduated from the University of Washington with a Masters in Business Administration, combined with an undergraduate degree that emphasized real estate finance. He brings with him excellent computer and analytical skills and a solid understanding of the market forces that shape real estate values. Steven Casteele received his Masters of Geography degree from West Virginia University. Prior to joining our firm in 2000, he was involved with real estate development in the wireless communications industry. Jeremy Streufert received his Bachelor's Degree in Civil Engineering combined with an additional emphasis in Real Estate from Washington State University. Prior to joining the firm in 2001, he was involved as a construction engineer for the Federal Government. Katie Bouchard joined GVA Kidder Mathews Valuation Advisory Services in January of 2005. Prior to joining our Valuation Advisory Team, Katie completed a dual Master's degree in Urban Planning and Social Work at the University of Michigan. This educational experience is a great compliment to Katie's previous five years of appraising experience. Troy Stark began as an appraiser with Terra Property Analytics in July of 1999. In March of 2006, Terra Property Analytics merged with the GVA Kidder Mathews Valuation Advisory Services. Troy's appraisal experience includes the valuation of office, retail and industrial properties. Justin Civitts has been actively engaged in the appraisal of real estate in the state of Washington since 2005, joining GVA Kidder Mathews Valuation Advisory Services in March 2006. Prior to joining, Justin was an appraiser with Terra Property Analytics, LLC in Seattle. He began his real estate career with the Cornogg Appraisal Group in Lancaster, Pennsylvania. Justin's appraisal experience includes the valuation of office, retail, industrial and multifamily properties, as well as special -use properties. Paul Marston began as an appraiser with Terra Property Analytics in May of 2004. In March of 2006, Terra Property Analytics merged with the GVA Kidder Mathews Valuation Advisory Services. Prior to working as a commercial real estate appraiser, Paul was worked in real estate development and in wholesale banking. He has successfully completed the appraisal of virtually all commercial property types, particularly office, industrial and multifamily properties as well as vacant land. GVA Kidder Mathews Worldwide Real Estate Solutions Evan Bennett joined GVA Kidder Mathews Valuation Advisory Services in August of 2006. Pnor to joining, Evan was a staff appraiser at Cornerstone Consulting Group, Inc. in Bellevue. His appraisal experience includes the valuation of office, industrial, and institutional properties located within the Puget Sound region. Kellen Hurych has been actively engaged in the appraisal of real estate in the state of Washington since March of 2005, joining GVA Kidder Mathews Valuation Advisory Services in August of 2006. Prior to joining, Kellen was a staff appraiser at Cornerstone Consulting Group, Inc. in Bellevue. His appraisal experience includes the valuation of office, retail, industrial, central atmosphere facilities, auto dealerships and mini -storage. The majority of properties appraised are located in the Puget Sound region, as well as industrial work in central Washington. Jansy Peternell is an appraiser and consultant specializing in the Commercial sector. Prior to joining GVA Kidder Mathews in January of 2007, Jansy worked for several years as an associate appraiser at Lamb Hanson Lamb Appraisal Associates, Inc. valuing commercial real estate properties. For more than three years, she was also the Senior Information Management Specialist at CB Richard Ellis. In this capacity, she analyzed and disseminated commercial real estate data in the Apartment, Retail, Industrial and Office sectors. Cam Dore graduated from Washington State University with a B.A. in Business Administration, combining a degree in Real Estate with a minor in Finance. He joined Valuation Advisory Services in 2002 and performs primary and secondary research for appraisal reports. Ian Curry has been actively engaged in the appraisal of real estate in the state of Washington since 2002, joining GVA Kidder Mathews Valuation Advisory Services in August 2007. Prior to joining, Ian was an appraiser with Pentagon Valuation Inc. in Tacoma. His appraisal experience includes the valuation of proposed and existing residential subdivisions, townhomes and attached dwelling units, industrial and multifamily properties, as well as retail and mixed-use developments. Tyler Tennyson graduated from The University of Washington with a Bachelor's of Arts in Urban Geography with a focus in Real Estate Development. He has performed primary and secondary source research for appraisal reports since joining GVA Kidder Mathews Valuation Advisory Services in September 2005. Jim Combs joined GVA Kidder Mathews Valuation Advisory Services in April 2006 and performs primary and secondary source research for appraisal reports. Jim has worked for state and local government as a senior manager in environmental protection, natural resource, and building and land use departments. He has served as an advisor to local government on aviation issues. Mike Pratt originally joined GVA Kidder Mathews in May 2006, working as a real estate broker prior to joining Valuation Advisory Services in the fall of 2007. Prior to his real estate career, Mike spent over 15 years as a successful owner operator of two athletic clubs, the Yakima Athletic Club and YAC fitness. GVA Kidder Mathews Valuation Advisory Offices SEATTLE 601 Union Street Suite 4720 Seattle, WA 98101 Tel: 206.205.0200 Fax: 206.205.0220 Contact: Peter Shorett BELLEVUE 500 108'xAvenue NE Suite 2400 Bellevue, WA 98004 Tel: 425.454.7040 Fax: 425.450.1179 Contact: John Gordon TACOMA 1201 Pacific Avenue Suite 1400 Tacoma, WA 98402 Tel: 253.722.1400 Fax: 253.722.1409 Contact: Stan Sidor GVA Kidder Mathews Worldwide Real Estate Solutions Peter K. Shorett, MAI, CRE, CCIM Executive Vice President Manager — Seattle Tel 206 205 0201 Fax 206 205 0220 pshorett@gvakm corn Gary Klockenteger, MAI Vice President Tel 206 205 0207 Fax 206 205 0220 garyk@gvakm corn John D. Gordon, MAI Sr Appraiser & Consultant Tel 425 283 5783 Fax 425 4501179 lgordon@gvakm corn Stan Sidor Vice President Manager — Tacoma Tel 253 722 1445 Fax 253 7221409 ssidor@gvakm corn Richard J. Briscoe, MAI Sr Appraiser & Consultant Tel 206 205 0205 Fax 206.205 0220 rbriscoe@gvakm com Andrew T. Robinson, MAI Sr Appraiser & Consultant Tel 206 205 0204 Fax 206 205 0220 andyr@gvakm corn Randall C. Gilliam, MAI Sr Appraiser & Consultant Tel 425 450 1181 Fax 425 450 1179 rgdliam@gvakm com Christopher L. Berger, MAI Sr Appraiser & Consultant Tel 425 4501175 Fax 425 4501179 cberger@gvakm corn Frank J. Keenan, MAI, SGA Sr Ap, x.ser & Consultant Tel 206 824 1212 Fax 206 824 1201 frankl3@msn corn John C. Andrews Appraiser & Consultant Te Tel 206 205 0202 Fax 206 205 0220 landrews@gvakm.conl Steven Casteele Appraiser & Consultant Tel 206 205 0232 Fax 206 205 0220 scasteele@gvakm com Jeremy Streutert Appraiser & Consultant Tel 206.205 0203 Fax 206 205 0220 leremys@gvakm corn Katie Bouchard Appraiser & Consultant Fax 253 7221409 katieb@gvakm corn Troy K. Stark Appraiser & Consultant Tel 206 205 0238 Fax 206 205.0220 tstark@gvakm corn Justin P. Civitts Appraiser & Consultant Tel 206 205 0211 Fax 206 205 0220 lcivitts@gvakm corn Paul A. Marston Appraiser & Consultant Tel 206 205 0221 Fax 206 205 0220 pmarstonggvakm.com G. Even Bennett Appraiser & Consultant Tel 425 450 1168 Fax 425 4501179 ebennett@gvakm corn Kellen E. Hurych Appraiser & Consultant Tel 425 4501172 Fax 425 4501179 khurychigvakm corn Jensy M. Peternell Appraiser & Consultant Tel 425 4501156 Fax 425 450 1179 lansyp@gvakm com Cameron Dore Appraiser & Consultant Tel 206 205 0209 Fax 206 205 0220 cdore@gvakm corn Ian Curry Appraiser & Consultant Tel 206 205 0236 Fax 206 205 0220 icurry@gvakm corn Tyler Tennyson Associate Appraiser Tel 425 283 5780 Fax 425 4501179 tylert@gvakm corn Jim Combs Associate Appraiser Tel 206 205 0219 Fax 206 205 0220 lcombs@gvakm corn Mike Pratt Associate Appraiser Tel 253 722 1429 Fax 253 722 1409 mpratt@gvakm com Yakima Convention Center RFQ No. 10803 Consultant Resiiinc and License Addendum Valuation Advisory Services GVA Kidder Mathews John D. Gordon, MAI SENIOR APPRAISER & CONSULTANT Career Highlights John Gordon has over 20 years experience in the analysis and appraisal of complex income property. He has served as a staff appraiser, as a regional appraisal manager for a national accounting and consulting firm, and as a principal of an independent appraisal company. Prior to joining GVA Kidder Mathews Valuation Advisory Services, he was Special Properties Manager in the Commercial Appraisal Department of Washington Mutual Bank, where he oversaw the valuation of a national portfolio of special purpose properties. John's educational background includes a BA in Economics from the University of California, and an MBA, with an emphasis in finance, from the University of Washington. He was awarded his MAI designation in 1989, and is certified as a General Real Estate Appraiser by the State of Washington. John has served as an instructor in the real estate program at North Seattle Community College, and has been a guest lecturer on lodging analysis and appraisal at the Fachhochschule Munchen in Munich, Germany. Areas of special expertise include the valuation and analysis of hotels and other lodging properties, senior living facilities, and affordable multifamily housing. Professional Licenses State of Washington Certified General Real Estate Appraiser (No. 1100661) State of Oregon Certified General Real Estate Appraiser (No. C000237) GVA Kidder Mathews VALUATION ADVISORY Partial Client List Washington Mutual Bank Bank of America US Bancorp First Interstate Bank Zions Bank Wells Fargo Bank CityBank Key Bank Pacific First Bank Frontier Bank Interwest Bank Anchor Savings Bank Bank of Tokyo Cashmere Valley Bank Intervest Mortgage Credit Lyonnais Nissho Iwai America Corporation WestCoast Hotels Shilo Inns Red Lion Hotels Seneca Street Partners SeaTac Hospitality Boynkin Hotels Hilton Hotels Silver Cloud Inns Shee Atika, Inc. Portland Development Commission Yakima Convention & Visitor's Bureau Port of Grays Harbor Alameda Management PKF Consulting www.gvakm.com �7+'�'� J�^[t�:'�.;Ylfic.-��"�i`ia: ai✓�Ysr:a�,'/'tic�'�1�frs-rr. STATE OF WASHINGTON DEPARTMENT OF LICENSING — BUSINESS AND PROFESSIONS DIVISION THIS CERTIFIES THAT THE PERSON NAMED HEREON IS AUTHORIZED, AS PROVIDED BY LAW, AS A CERTIFIED GENERAL REAL ESTATE APPRAISER JOHN DAVID GORDON GVA KIDDER MATHEWS 500 108TH AVENUE NE STE 2400 BELLEVUE WA 98004 CerULic No. issued Date Expiration Date 1100661 07/25/1991 03/27/2009 Director :y:�'4�"%. �yyaK.x"J;i+'"'�'3Y.+'' .. —. �`*�W'"tY='l�Y.+�:��s;.�'%�.�ti�"�x�1R.35'�'SGC'�..`-"�Y4�w='-Al'/`%:x�.L'�!='>�SG�;ir'�d(.r%a:'.�k✓.'-:.��Ll''%x:�Y>�x'y�''Sf�:"3:�'J6lc':,:_ PL -630-159 (R/2/04)