BRUCE W. HULL & ASSOCIATES - 2005

Home Browse Search

.' BRUCE W. HULL & ASSOCIATES, INC. REAL ESTATE APPRAISERS & CONSULTANTS July 27, 2005 Mr. Steve Harding Deputy City Manager for Development Services City of Santa Ana 20 Civic Center Plaza M-20 P.O. Box 1988 Santa Ana, California 92701 Reference: APPRAISALfCONSUL TA TION AGREEMENT Property/Location: Community Facilities District No. 2005-01 (MacArthur Place South) Santa Ana, California At your request, Bruce W. Hull & Associates, Inc. ("APPRAISER") hereby submits to the City of Santa Ana ("CLIENT") this proposal for an appraisal of the above referenced property. It is our understanding that the appraisal is to be used to determine the feasability of issuing the bonds. APPRAISER is prepared to undertake this assignment and provide CLIENT with Two (2) copies of the completed appraisal report within an estimated time period consistent with the sale of bonds subject to APPRAISER'S receipt of CLIENT'S signed authoriza- tion and submission of all requested data. The time period is this best estimate of the APPRAISER and is not a guarantee, although the APPRAISER agrees to use his best efforts to complete the assignment within the given time period. CLIENT agrees to pay APPRAISER, as fee for this report Forty-Five Thousand Dollars ($45,000); with the full balance due upon delivery of the completed report. Report revisions or amendments, other than those required due to APPRAISER'S error, shall be prepared at an hourly rate of $125.00. Technical studies, as are jointly determined to be necessary, shall by paid by CLIENT. Any additional copies of the completed report, other than the two (2) copies currently agreed upon, shall be made available at an additional cost to the CLIENT of $1 00.00 per copy. 1056 E. Meta Street, Suite 202, Ventura, California 93001 - (805) 641-3275 _ Facsimile (805) 641-3278 115 E. Second Street, Suite 100, Tustin, California 92780 - (714) 544~9978 _ Facsimile (714) 544-9985 EXHIBIT A