DESMOND, MARCELLO & AMSTER LLC. (DMA) 4 - 2015

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1) STATEMENT OF QUALIFICATIONS B. Agreement Statement Desmond, Marcello & Amster concurs with the provisions in the sample agreement in Attachment 2 of the Appendix of this RFP. C. Understanding of Need Budgetary Estimates Budgetary estimates are used by public agencies in planning and preparing a project budget. Upon request, DM&A can prepare estimates of fixtures and equipment values based upon "drive by" site inspections of the subject businesses, limited market research, and any publicly available data. The estimates also take into consideration DM&A's experience in preparing fixtures and equipment appraisals of comparable businesses, as well as knowledge of relevant statutes and case laws, negotiated settlements, and jury awards in eminent domain proceedings. Results will be presented in a spreadsheet of estimates and a summary report. The tasks necessary to complete budgetary estimates include coordination with the City and/or the City's representatives to ascertain the location and number of businesses for which estimates are needed. DM&A's appraisers will visit the business locations and do research via public sources to gain any available understanding of the nature and scope of each business' operations. Care is taken such that the confidentiality of DM&A's objective is strictly maintained during this phase. Quality control is maintained via DM&A's review process as described below. We will then refer to various in-house documentation and the public sources to estimate the values of the likely items utilized by each business. Finally, we prepare a spreadsheet breaking out improvements pertaining to the realty and movable equipment estimates by business and address. Fixtures and Equipment Appraisals DM&A will provide a fully contained appraisal report, in triplicate and a digital file, of the improvements pertaining to the realty and major movable equipment of each business appraised. The report will include an estimate of the fair market value in place and liquidation value of all appropriate items and will be prepared in conformance with Article 3 of the California Code of Civil Procedure, Sections 1263.205 and 1263.210. (Compensation for losses in connection with movable personal property is included in the California Code of Regulations, Title 25, Sections 6090 and 6092.) Appraisal procedures will be guided by USPAP. The improvements pertaining to the realty and major movable equipment for businesses that occupy multiple properties will be clearly delineated by property address. In preparing each comprehensive appraisal, DM&A will: inspect the business' facility; prepare an inventory of the improvements pertaining to the realty and major movable equipment; coordinate appraisal activities with the real estate appraiser to avoid duplication of compensation; interview the business' owner/manager regarding the business' history, operations, and tangible assets owned; and utilize generally accepted valuation methodology to determine the fair market value in place in liquidation value of the appropriate items owned by the businesses.