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HomeMy WebLinkAboutC-1393 - Appraisal Services for Balboa Boulevard widening from Coast Highway to 44th Street• 4L CITY OF NEWPORT BEACH CALIFORNIA Z/-�i City Hall 3300 W. Newport Blvd. Area Code 714 673 -2110 DATE August 3, 1971 TO: FINANCE DIRECTOR FROM: City Clerk SUBJECT: Contract No. 1393 Description of Contract Balboa Blvd. Widening - Coast Highway to 44th St. Authorized by Resolution No. 7493 adopted on July 26, 1971 Effective date of Contract July 26, 1971 Contract with George fianilton Jones, MAI, appraiser Address 3471 Via Lido Newport Beech, CA Amount of Contract see contract City Cle c E CITY CLERK r i N;, 0 August 3, 1971 APPRAISAL SERVICE CONTRACT WIM GEORGE HAMILTON JONES, MAI BALBOA BLVD. WIDENING - Coast Highway to 44th Street Attached are two copies of the agreement with Mr. Jones. Please send him bms copy and the other is for your file. This agreement was authorized by Resolution No. 7493 adopted by the City Council on July 26. swk enc. 2 AGREEMENT FOR APPRAISAL SERVICES THIS AGREEMENT is made and entered into this J (� day of %�� 1971, by and between the City of Newport Beach, hereinafter referred to as "City," and GEORGE HAMILTON JONES, MAI, hereinafter referred to as "Appraiser;" W I T N E S S E T H: WHEREAS, City is planning a public works project for the widening of Balboa Boulevard from Coast Highway to 44th Street, which would involve the acquisition of approximately twenty -five to thirty feet of right -of -way on the northeasterly side of Balboa Boulevard; and WHEREAS, in connection with said project, it will be necessary that City acquire various interests in private property within the project area, either through negotiation or by exer- cising the power of eminent domain; and WHEREAS, in order to determine the fair market value of the property to be acquired by City it will be necessary that City retain the services of a qualified real estate appraiser; and WHEREAS, Appraiser has submitted a proposal to perform the necessary appraisal services for City; to City: NOW, THEREFORE, the parties agree as follows: 1. SERVICES OF APPRAISER Appraiser agrees to provide the following services (a) Prepare a comprehensive appraisal report on the parcel known as 4405 Channel Place. (b) Prepare comprehensive appraisals of four partial take parcels between Channel Place and River Avenue. -1- 0 0 Said parcels are shown on the attached Exhibit "A" which by this reference is hereby made a part of this agreement. (c) Determine the fair market value of the five ten -foot radius corner cutoff parcels shown on Exhibit "A." (d) Consult with the City administrative staff and City Attorney upon request. 2. COMPLETION OF SERVICES The work described in items 1(a), l(b) and 1(c) above shall be completed and the required reports delivered to City on or before December 1, 1971. 3. COMPENSATION Appraiser shall be compensated on the basis of the following hourly rates following his submission to the City of an itemized statement or statements: Appraiser's time Associate's time $35.00 per hour $20.00 per hour. It is further provided that the maximum fee to be charged for items l(a),l(b) and 1(c) shall not exceed $5,250.00. It is under- stood that the preparation of the comprehensive appraisal in item l(b) above will require the services of a contractor or cost estimator to determine the economics of building rehabilita- tion after the taking. The fee for such services shall be in addition to the aforementioned maximum fee. The additional fee and qualifications of the individual shall be approved by the City Public Works Director and Appraiser prior to his retention. 4. TERMINATION At any time prior to the completion of the work, upon request of City, Appraiser shall cease work, in which event his compensation shall be based on the time expended up to the date when he was requested to cease work. -2- 5. COURT APPEARANCES When requested to do so, Appraiser agrees to appear in court as an expert witness in any condemnation case involving the above described property and to assist City's legal counsel in preparing any such condemnation case for trial. Appraiser shall be paid the additional sum of $ 300.00 per diem for court appearances as an expert witness. 6. INDEPENDENT CONTRACTOR Appraiser, his agent and employees, in the perfor- mance of this agreement, shall at all times be an independent contractor and shall under no circumstances be considered as officers or employees of City. IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the date first above written. APPROVED AS TO FORM: Acting Cit Attor ey dm 7/23/71 CITY OF NEWPORT BEACH Mayor ATTEST: 'City Clerk �r�_ -3- r� 4S TH STREET O v � rH srREEr f C t i 1 iN E V: 7%) E E.? }-1 DRAWN PL Y/ DATE _ 7-/? - 7/ j PU3LfC V1CRK5 CcP ^.ZTP: E—N!T APPROVED PUBLIC NV03XS DIRECTOR DRAWING NO. - E.f'H /B /T �4 7493^ A RESOLUTION GF Cftj C0004Yti OF TIM CITY A n G&OR4S 1 '3LTON WIN r -P:AX. FOR TIM AP- or PAOFRM IS CaMICTION Waft WIDBtRrm OF S.A%h" aptMEVA" FROM RIVER AVID TO 44th STREMT :. -.rV=AVJ. t'her+- has been presented to the City Council of than, C = -ty @f . Newport 15 mch a certain Agreement between the City of. Newport Sesch mnC George Hamilton .toners, 14AY. for th* appraiwal of propewtp in eoxnection with widleni*g of Balboa uietArd from River Avenue to 44th Ltreetl and IMASA$, the City Council has considered the tsrms aml oon4itions of said mge=tmaent and found thaw to be fair and asltabler MWo TUXAVORS. 98 IT M—=VXD that said w4voes nt for the apprasisal services above deacribed iza approved, and the Vsyor and City Clark are deraby euthorixed and directed to execute th" some on 'ue'nalf of the City of .N*Wpckrt B"Ch• .ADOPTED this; _26th day of July . 19 -71 :aycar RTTTs City C101ek _......_. _�