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HomeMy WebLinkAboutContracts & Agreements_7A-19661645 BEVERLY BLVD., ` ANGELES, CALIFORNIA 90026 • TEL: (213) 624.3661 MARSHALL a-N6STEV'ENS May 16, 1966 Mr. John H . Wagner City Hall CITY OF REDLANDS Redlands, California Dear Mr. Wagner: As requested, we submit our proposal to provide appraisal services of city owned property for the CITY OF REDLANDS. The appraisal will be prepared for insurance purposes . The proposal includes services which will provide estimates of proper insurable values and details necessary to assist in the preparation of proof of loss in the event of fire. In order to provide the CITY OF REDLANDS with insurable values on all buildings and equipment in the most practical and economical manner we recommend the following appraisal procedures be followed: 1966 Equipment - A complete detailed reappraisal of all equipment owned by the city listed by building and showing replacement cost and sound value. Buildings - Revised values on all city owned buildings providing you with up- to-date replacement cost and sound value. We estimate the fee for this appraisal service will be $1650 billed prior to Tune 30, 1966 and an additional $1650 billed upon the completion of the report, approxi- mately the first of August. 1967 Equipment - Revise values on all equipment taking into consideration reported additions and deletions subsequent to our 1966 reappraisal. f I �'.4U P.� _N l: C:EE i3S1 i,-`_ _ 311 if'(rIF Nk€ 11.,'- -EL i 3:'I" ,`.P�"?Cit� Fi 1 'Y.I1f i F111 :. Ci iT F P..I N C 1 C 1) V,LN;i+ .rP �j r CITY OF REDLANDS May 16, 1966 Page Two Buildings - A complete detailed reappraisal of all buildings never previously appraised by MARSHALL and STEVENS and a revision with inspection of the buildings reappraised in 1960. We estimate the fee for this appraisal service will be $1650 and will be billed after July 1, 1967. 1968 Initiate a standard annual revision program whereby MARSHALL and STEVENS will provide the CITY OF REDLANDS with a revision of all values giving consideration to annual building and equipment additions as Well as to all buildings and equipment previously appraised. We estimate the fee for this annual revision service will be $1600 per year. The fee makes an allowance for six appraisal days. Any additional time will be billed at our standard per diem rates. If the terms of our proposal meet with your approval, kindly endorse and return the copy. We thank you for the privilege of submitting this proposal and hope that we may be of further service to the CITY OF REDLANDS in the near future. Very truly yours, MARSHALL and STEVENS Incorporated el, 0. D . McNARY- Account Consultant ODMcN:jm Enclosure APPROVED BY: Szo- 4 '''i &4A Date: UAPewm i .... eTrUruc MPnV0n0ATCn cI�41 .( R4d.2" V May 27t 7966 Marshall. & Stevens, Incorporated 1645 Beverly Boulevard Los Angeles,, California 90026 Attentions Mr. 0. T. MaWasy Dear Mr. Meffarys The City of Redlando Accepts 'varahall & Stevens' proposal dated ;day 16t 1.966t copy attached herewith$ for providing appraisal services on the, City --owned property for the City of Redlands$ subject to the understanding aet forth in this letter. This appraisal will be used for insurance purposes. In connection with your proposal of May 16, 19669 it is my und.sratanding that during the month of Junes 1966, a complete detailed physical inspection of all equipment will he made$ further$ that building values will be determined by a book re-evaluation in accordance with a "trend" fmctorl with all buildings constructed ainae the last physical inspection of buildings by Marshall & Stevens valued at contract cost. The reappraisal for both buildings and equipment established by these actions should be a�ubmitted to the City at the earliest possible date, but in no event later than July 15, 1966. It is my interpretation of your proposal that$ curing 1967t the equipment reappraisal will be based on the evaluation estab- lished in 1966, plus the application of a "trend" factor. New acquisitions of equipment will be entered on the; list through media of copieu of purchase orders or other documents available in City files. The appraisal of the buildings in 1967 will be handled by a Aiyssicasl inspection and appraisal of all buildings never previously appraised by 116arsshall & Stevens. For all buildings previously appraisedt a "trend" factor will be applied. Page 2 Marshall & Stevens, Inc. May 279 1966 In 1968 and subsequent years, I understand that the pro_,ram for revision will eventually consist of the application of a "trend" factor to both buildings and eq,A pment nrrriously physically inspected, plus picking up additions by means of purchase orders or other documents available in City files. However, the fee applicable to 1968 and subsequent years will also provide that a certain percentage of the City -owned buildings and equipment will be physically inspected and reappraised annually, so that starting in 1968, this will result in each building; and piece of equipment owned by the City will receive a physical inspec- tion anti rgappraisai every 7 or 8 years. This point is very important to us for our insurance purposes. It is further emphasized that starting in 1967, the appraisal report should br received by the City during the month of June, in order that the City's Insurance Committee can take necessary steps to process this document as a basis -'or appropriate rate purposes. Very truly you_-s, R. P. Merritt, Jr. City Manager RPMOTHS ec Encl. (1)