HomeMy WebLinkAbout10/29/03 AGENDA FILE
239 4th Street · Bremerton, WA 98337 · Phone (360) 478-5280 · Fax (360) 478-5251
CITY COUNCIL MEETING AGENDA
OCTOBER 29, 2003
1. PRE-COUNCIL STUDY SESSION: 5:00 - 5:30 P.M. in Council Conference Room
A. General Council Business
2. CALL TO ORDER: 5:30 P.M. in Council Chambers
A. Pledge of Allegiance
B. Invocation
3. CONSENT AGENDA
A. Intergovernmental Purchasing Agreement with the QTY OF RICHLAND for purchase of a
Backhoe (#AB03-203)
4. CLAIMS/CHECK REGISTERS
5. COUNCIL MEMBER REPORTS
6. MAYOR'S REPORT
7. PUBLIC RECOGNITION - Comments limited to 3-minutes
8. NEW BUSINESS
A. Contract Award for SR304 TIP / Missouri Gate Phase (#AB03-204) /1[
B. Real Estate Purchase & Sale Agreement for property at 817 10th Street for new I O
Fire Station (#AB03-205)
9. PUBLIC HEARINGS - ORDINANCES & RESOLUTIONS
A. Public Hearing on Proposed FY2004 Budget [No Council Action Required] (#AB03-206)
//-,,1,~ ADJOURNMENT OF CITY COUNCIL BUSINESS MEETING
E-mail: citycouncil@ci.bremerton.wo.us · Web: www.ci.bremerton.wa.us
DATE
SUBMITTED:
BILL
AGENDA BILL
CITY OF BREMERTON 3 A
CITY COUNCIL
SUBJECT: Committee Meeting Date: October 21, 2003
Intergovernmental Pumhasing Agreement COUNCIL MEETING Date: October 29, 2003
with the City of Richland Department: PW& Util
Presenter: Jim Orton, Fleet
Manager
Phone: 5356
SUMMARY: Publicworks and Utilities has budgeted to replace a backhoe in it's Stormwater
Division. The city of Richland has purchased a backhoe in 2003 that will fit our specifications. Staff
would like to enter into an Intergovernmental Pumhasing Agreement with the City of
purchase off of this contract.
ATTACHMENTS: Intergovernmental Purchasing Agreement Form
FISCAL IMPACTS (Include Budgeted gflmount): None.
APPROVALS: /
/
DEPARTMENT DIRECTOR:
CITY ATTORNEY:
MAYOR:FINANCE DIRECTOR:
FISCAL/BUDGET:
OPERATIONS: ~_, ,~3_~,,,~,,_...._~ CONSENT AGENDA
COUNCIL PRESIDENT:
RECOMMENDED MOTION: Staff recomends the approval to enter into an Intergovernmental
Purchasing Agreement with the City of Richland.
COUNCIL ACTION: [] Approve [] Deny [] Table [] Continue [] No Action
t'NTERGOVERNMENTAL COOPERATt'VE PURCHASTNG AGREEMENT
Pursuant to Chapter 39.34 RCW and to other applicable laws,
CITY OF BRENERTON and THE CITY OF RICHLAND
both political subdivisions of the State of Washington, hereby agree to
cooperative governmental purchasing upon the following terms and conditions:
1. This agreement pertains to bids and contracts for supplies, material,
equipment, or services that may be required from time to time both by
CITY OF BRENERTON and the City of Richland.
2. Each of the parties from time to time goes out to public bid and contracts
to purchase supplies, material, equipment, and services. Each of the
parties hereby agrees to extend to the other party the right to purchase
pursuant to such bids and contracts to the extent permitted by law, and to
the extent agreed upon between each party and the bidder, contractor,
vendor, supplier, or service provider.
3. Each of the parties shall comply with all applicable laws and regulations
governing its own purchases.
4. Each of the parties shall contract directly with the bidder, contractor,
vendor, supplier, or service provider, and pay directly in accordance with
its own payment procedures for its own purchases. Each party will
indemnify and hold the other party harmless as to any claim arising out of
its participation in this Agreement.
5. Any purchase made pursuant to this Agreement is not a purchase from
either of the parties. This Agreement shall create no obligation to either
of the parties to purchase any particular good or service, nor create to
either of the parties any assurance, warranty, or other obligation from the
other party with respect to purchasing or supplying any good or service.
6. No separate legal or administrative entity is intended to be created
pursuant to this Agreement. No obligation, except as stated herein, shall
be created between the parties or between the parties and any applicable
bidder or contractor.
7. The FINANCE DIRECTOR of ClTY OF BREMERTON and the Purchasing
Manager of the City of Richland shall be representatives of the entities for
carrying out the terms of this Agreement.
8. This Agreement shall continue in force until canceled by either party,
which cancellation may be effected upon receipt by one of the parties of
the written notice of cancellation of the other party.
ZNTERGOVERNMENTAL COOPERATIVE PURCHASZNG AGREEMENT (Continued)
APPROVED this day of APPROVED this day of
,2002 , 2002
C~TY OF BREMERTON CZTY OF R~CHLAND
BY: BY:
Cary Bozeman
Mayor
Subscribed and sworn to me this Subscribed and sworn to me this
day of ,2002 day of ,2002
Notary Public in and for the State of Notary Public in and for the State of
Washington, residing at Washington, residing at
Hy Commission expires My Commission expires
APPROVE~.~.~2_~.T-OFORF,t~. _, APPROVED AS TO FORM:
Name: ~;,~c~ ~-~< ~'-~*~ Name:
Title: ~ ~', ~'~[ ~:-~/ ~tle:
A~EST: A~EST:
Name: Name:
Title: Title:
DATE SUBMITTED: October 7, 2003 BILL #
AaENDA BILL
CITY OF BREMERTON
CITY COUNCIL
SUBYECT: Award Contract for the SR 304 Committee Meeting Date: October 21, 2003
Transportation Improvement Project, COUNCIL MEETING Date: October 29, 2003
Missouri Gate Phase Department: PT&U, Engineering
Presenter: Michael C. Mecham
Phone: 473-5288
SUMMARY: Sealed bids for construction of the project titled "SR 304 Transportation Improvement
Project, Missouri Gate Phase" were opened on October 9, 2003. The engineer's estimate for the
project is $3,550,102.70. Six bids were received for this project. Stan Palmer Construction Company
was the lowest responsive, responsible bidder with a bid of $ 3,023,451.23 (including sales tax).
ATTACHMENTS: 1.) Description of Contract Work; 2.) Bid Tabulation
FISCAL IMPACTS (Include Budgeted Amount): The project is funded by Federal Highway
Administration and State Transportation Improvement Board funds and is included in the 2003
budget.
APPROVALS:
DEPARTMENT DIRECTOR:
CITY ATTORNEY: %' -~--'""%'~.~ -~-~~ ......
FiNANCE DIRECTOR
FISCAL/BUDGET:
COUNCIL PRESIDENT:
RECOMMENDED MOTION: I move to award a contract in the amount orS 3,023,451.23 with
Stan Palmer Construction Company for construction of the project titled "SR 304 Transportation
Improvement Project, Missouri Gate Phase" and authorize the Mayor to finalize and execute the
contract.
AGENDA STATUS:
Consent []
New Business []
Old Business []
Ordinance []
COUNCIL ACTION: [] Approve [] Deny [] Postpone [] No Action Resolution []
Public Heanng []
Information []
Study Session []
ab, 2003 Agenda Bills, SR304 TIP, Missouri Gate, Bid Award, 10-03 __
SR 304 TRANSPORTATION PROJECT, MISSOURI GATE PHASE
Description of Contract Work
This Contract provides for the improvement of SR 304 from the intersection of
Charleston Beach Road to Porter Street. The project will reconstruct the urban
arterial within the City of Bremerton and Kitsap County, along the existing
alignment. This project consists of removing existing street paving,
reconstructing the connection to a side road and terminating the connection to
another street, curbs, gutters, and sidewalks, storm drainage, sanitary sewer, a
soldier pile retaining wall, one traffic signal, illumination, permanent signing,
channelization, landscape site grading, landscape planting, landscape irrigation,
fencing and traffic control during construction and other work.
Agenda Bill Attachment
For City Council on 10-21-03
ab, Agenda Bills 2003, SR304 TIP, Missouri Gate, Bid Award, 10-03
DATE SUBMIYIED: October 14, 2003 BILL
AGENDA BILL
CITY OF BREMERTON ~B
CITY COUNCIL
SlYlg~CT: Real Estate Purchase & Committee Meeting Date: 10/21/03
Sale Agreement - 817 l0m Street COUNCIL MEETING Date: 10/29/03
Department: Economic
Development
Presenter: Kathleen McCluskey Phone: 473-5234
$~R¥: By Resolution #2887 dated March 12, 2003, the city council authorized an interfund
loan in the amount of $800,000.00 to cover the cost of acquisition of real property for the siting of a
new fire station. The City subsequently purchased property at 811 Park Avenue for this purpose. The
cit~ has recently completed negotiations for the final parcel necessary for the project located at 817
10"' Street in the amount of SI01,000.00.
ATTAClq~MENTS: Appraisal, Real Estate Purchase & Sate Agreement, Resolution #2887, Budget
FISCAL IMPACTS (Include Budgeted Amount): The acquisition price is covered by the inteffund
loan
APPROVALS:
DEPARTMENT DIRECTOR: ~.x_a~.~ ~ o~ · t~_ ~_ __
F~CE D~CTOR:
~COM~E~ MORON: M~on to approve R~I Estme ~cha~ ~d Sale ~ment ~d
~thofize the ~yor to finM~e ~d ~eeute in susbst~fially the ~e fora ~ pre~nted.
/0
7
A RESOLUTION of the City of Bremerton anthori=ing an
intorfund loan to the Publ/c Safety Bond (Project) Fund from the
Equipment Rental Rescue Fund and providing for repayment of
the loan.
WHI/REAS, the Public Safety Bond (Proj~) Fu~a (Fund 302) does not have
funds budgeted or resea'ved from the Public Safety bond proceeds to purchase real property for
the new fire station; and
~"I~J~S, the 1~bli¢ ,~]a~.e'ety Bond (Project) Ftlnd has an immodis~e need for
cash to fund the acxluiaifion of real pwperty for the new fu~ station; and
WHERF. AS, the City of Bt~nerton w/ll b~ disposing of surplua real property,
conaistin8 of the old fir~ station, dty hall and ¢ornmnnity developmant facilities, and d/stributing
the pr~..eeda from these sales into the Contingeacy Reserve Fund (Fund 103); and
~$, the size, nature and tlmi~$ of thia fire station property transaction
WItF2.EAS, ~u-plua ¢aga in an amount sufficient to me~t the needs of tiffs
acqu/sition ia pre~ntly on hand in the Equipment Rental Reserve Fund (F~ma 510); NOW
~ORE,
~ C1TY COUNCIL OF TH3E C1TY OF BREMI~TON. WASHINGTON
DOES HF2,EBY RESOLVE AS FOLLOWS:
,~CTION ~l~ The C~ty of Breme~on' s ~ of Fimm~e is h~ a~
~ ~ ~ m.~ ~ ~ 1~ ~ ~e ~ R~ ~e F~ ff~ 510)
· e ~c S~ ~ ~j~) ~ ~ ~), ~ ~ ~o~t of $8~,~ ~ ~v~ ~ ~
~r ~ ~fion of ~ p~ ~ ~ ~g of a n~ ~ s~on. ~ 1o~ sh~ll b~
~t~t ~ ~e ~ of 1.~% p~ ~ ~d ~1 ~ ~d ~ ~ ~t R~ ~c ~m
~ ~nS~ R~c ~ ~ 103) ~ ~e ~ of ~ ~e of ~1~ r~ ~,
F~d 3~.
P~S~ by ~e CiW Co~ of ~e ~ of ~n, W~ ~s ~
~y of.~ 2~3.
1
Inter-Fund Loan
APPROVED AS TO FORM: ATTEST:
~ RO~ER A. LUBOVICH, City Attorney
2
FIRE LAND - ACQUISITION COSTS
Inter-Fund Loan $800,000
Ernest Money paid -25,000
Payment to Seller Due 11/1 -525,000
Broker Fee paid -9,000
Phase I Environmental paid -2,500
Phase II Environmental paid -4,942.38
Survey paid -6,524
Geotech paid -3,000
Ridge Property pending -101,000
Appraisal paid -1,000
Demolition pendin0 -100,000
Abatement pending -10,000
$12,034
1 10/15/2003
/3
REAL ESTATE PURCHASE AND SALE AGREEM~ENT
WITH EARNEST MONEY PROVISION
This contract controls the terms of the sale of real property.
(Please read carefully before signing.)
This Agreement is entered between the CITY OF BREMERTON, a Washington municipal
corporation, whose mailing address is 239 4th Street, Bremerton, Washington 98337, ("Buyer"), and
Marcella and Jack Ridge, husband and wife, ("Seller"), for the sale and purchase of real property as
follows:
1. PROPERTY. The property, including alt improvements and appurtenances situated
thereon, which Buyer agrees to buy and Seller agrees to sell, is commonly known to be located at
817 10t~ Street, Bremerton, Washington 98337 (the "Property"), and which Property is legally
described in Exhibit A, attached hereto and incorporated herein by this reference. A map indicating
the location of the Property is also attached as Exhibit B, incorporated herein by this reference.
2. EARNEST MONEY. Received from Buyer, Five Thousand and No/100 Dollars
($5,000.00) in the form of a City of Bremerton check, as earnest money and part payment on the
purchase price of the following described real estate.
3. PURCHASE PRICE. The total purchase price for the Property is One Hundred One
Thousand Dollars ($101,000.00) including earnest money, payable on closing.
4. CONTINGENCIES. This agreement is contingem upon:
(a) Acceptance of its terms by the Bremerton City Council.
(b) Buyers review and approval of the title report on the property prior to
Closing.
(c) Prior to vacating the property and prior to closing, Seller removing all
personal property, equipment, and fixtures including but not limited to all
vehicles, furniture, and other items as identified in Exhibit C. Upon vacation
of the property by Seller and Seller's removal of the personal property,
equipment and fixtures, and based upon final inspection and approval by
Buyer of items removed by Seller as required herein, all remaining
improvements located on the property shall be removed by the Buyer and the
Buyer shall be responsible for the costs and expenses of demolition and/or
removal of any improvements, structures or buildings, except that Buyer witl
be entitled to recover from Seller the cost and expense of any required
removal of underground storage tanks or costs of abatement related to
asbestos or other hazardous substances, as provided in subparagraph (d).
(d)Buyer's shall have until November 17, 2003 to provide Seller with the cost of
REAL ESTATE PURCHASE AND SALE AGREEMENT
Page 1 of 7
removal of underground storage tanks or of abatement costs related to
asbestos or other hazardous substances. Seller shaft provide reasonable
access to the property to determine those costs. Seller shall have until
November 21, 2003 to accept those costs which shall be deducted from the
purchase price of the property.
Should any of these contingencies not be met prior to closing, and Buyer desires to terminate
this Agreement, then Buyer must deliver written notice to Seller stating the Buyer desires to terminate
this Agreement. If Buyer fails to deliver the Termination Notice so that it is received by Seller on or
before 5:00 p.m. December 1, 2003, then Purchaser shall be deemed to have waived all Contingencies
and to have elected to proceed with this Agreement. If Buyer either fails to deliver such a notice to
Seller by the prescribed time or notifies Seller in writing that it waives all Contingencies, the Earnest
Money (as defined below) will become the property of Seller, will be non-refundable to Buyer, and
will apply as a credit toward the Purchase Price at the Closing. If Purchaser gives Seller a timely
Termination Notice, then this Agreement shall terminate, in which event the Earnest Money shall be
returned to Buyer as Buyers sole remedy and neither Seller or Buyer shall have any further rights,
duties or obligations, except for any liabilities, rights, duties or obligations that expressly survive this
Agreement.
5. CONVEYANCE AND CONI)ITION OF TITLE. The title to the real property
shall be conveyed by Seller to Buyer at closing by Statutory Warranty Deed, free and clear of all liens,
encumbrances or defects except those described in Paragraph 6 below.
6, TITLE INSURANCE. At Closing, Seller shall cause Land Title Company of Kitsap
County, whose address and telephone number is 801 6t~ Street, Bremerton, Wa. 98337, 360-377-
9500, to issue a standard form owners policy of title insurance to Buyer in an amount equal to the
total purchase price oftbe Real Property, and insuring the Real Property being discharged by Seller
shall be paid from Seller's funds at Clos'mg. For purposes of this Agreement, the following shall not
be deemed encumbrances or defects: rights reserved and federal patents or state deeds; building or
use restrictions consistent with current zoning, and utility and road easements of record. If tire
cannot be made so insurable prior to the Closing date called for herein this agreement shall terminate,
unless Buyer elects to waive such defects or encumbrances.
7. CLOSING COSTS AND PRO-RATIONS. The cost of escrow shall be shared
equally between Buyer and Seller, except those fees which are expressly limited by Federal Regulation
and Seller shall pay for excise tax and revenue stamps. Taxes for the current year, rents, interest,
Association, Condominium and/or Homeowner's fees, water and other utility charges, if any, shall be
pro-rated as of date of clos'mg unless otherwise agreed.
8. CLOSING OF TItE SALE. WITH THE UNDERSTANDING THAT TIME IS OF
THE ESSENCE FOR THIS AGREEMENT, this sale shall close on or before December 1, 2003
which shall also be the termination date of this agreement unless said closing date is extended in
writing by mutual agreement of the parties. When notified, the Buyer and Seller will deposit, without
REAL ESTATE PURCHASE AND SALE AGREEMENT
Page 2 of 7
delay, in escrow with Land Title Company of Kitsap County, 801 6~ Street, Bremerton, Washington
98337, all instruments and monies required to complete the transaction in accordance with this
agreement. Closing, for the purpose of this agreement, is defined as the date that all documents are
executed and the sale proceeds are available for disbursement to the Seller.
9. CASUALTY LOSS. If prior to dosing, improvements on said premises shall be
destroyed or materially damaged by fire or other casualty, this agreement, at option of the Buyer,
shall become null and void.
10. POSSESSION. Buyer shall be entitled to possession on closing.
11. SELLER'S REPRESENTATIONS. Seller represents:
(a) that he/she will maintain the property in present or better condition until time
of agreed possession,
(b) that heJshe has no knowledge or notice fi.om any governmental agency of any
violation of laws relating to the subject property except:.
(c) that the property will not be encumbered by any leases at the date of closing.
12. SELLER' S ENVIRONMENTAL REPRESENTATIONS. Seller represents that
to the best of his/her knowledge that he/she is not aware of existence of, or has caused or allowed to
be caused, any environment condition (including, without limitation, a spill, discharge or
contamination) that existed as of and/or prior to the closing date or any act of omission occurring
prior to the closing date, the result of which may require remedial action pursuant to any federal, state
or local law or may be the basis for the assertion of any third party claims, including claims of
governmental entities. This provision shall survive the closing and be in addition to Sellers obligation
for breach of a representation or warranty as may be set forth herein.
13. SELLER'S INDEMNITIES: Seller agrees to indemnify and hold harmless the
Buyer, against and in respect of; any and all damages, claims, losses, liabilities, judgments, demands,
fees, obligations, assessments, and expenses and costs, including, without limitation, reasonable l~al,
accounting, consulting, engineering and other expenses which may be imposed upon or incurred by
Buyer, or asserted against Buyer, by any other party or parties (including, without limitation, a
governmental entity), arising out of or in connection with any environmental condition existing as of
and/or prior to the closing date, including the exposure of any person to any such environmental
condition, regardless of whether such environmental condition or exposure resulted fi.om activities of
Seller or Seller's predecessors in interest.
This indemnity shall survive the closing and be in addition to Sellers obligation for breach ora
representation or warranty as may be set forth herein.
14. DEFAULT AND ATTORNEY'S FEES.
(a) Buyer's Default. IF BUYER DEFAULTS HEREUNDER, SELLER'S
SOLE REMEDY SHALL BE LIMITED TO DAMAGES AGAINST
REAL ESTATE PURCHASE AND SALE AGREE241ENT
Page 3 of 7
PURCHASE IN THE LIQUIDATED AMOUNT OF THE EARNEST
MONEY PREVIOUSLY PAID THE BUYER. BUYER AND SELLER
INTEND THAT SAID AMOUNT CONSTITUTES LIQUIDATED
DAMAGES: AND SO AS TO AVOID OTHER COSTS AND EXPENSES
TO EITHER PARTY IN CONNECTION WITH POTENTIAL
LITIGATION ON ACCOUNT OF BUYERS' DEFAULT. BUYER AND
SELLER BELIEVE SAID AMOUNT TO BE A FAIR ESTIMATE OF
ACTUAL DAMAGES.
(b) Seller's Default. IF SELLER DEFAULTS HEREUNDER, BUYER SHALL
HAVE AI,I. THE RIGHTS AND REMEDIES AVAILABLE AT LAW OR
IN EQUITY.
(c) Attorney's Fees and Costs. In the event of litigation to enforce any of the
terms or provisions herein, each party shall pay all its own costs and attorney's
fees.
15. NOTICE TO SELLER. This form comains provisions for an agreemem for the
purchase and sale of real estate. The Buyer makes NO WARRANTY OR REPRESENTATION OF
ANY KIND that this form, or any of its provisions, is intended to meet the factual and legal
requirements of a particular transaction, or that it accurately reflects that laws of the State of
Washington at the time you enter the agreement. THIS AGREEMENT HAS SIGNIFICANT
LEGAL AND FINANCIAL CONSEQUENCES AND YOU ARE ADVISED TO SEEK
INDEPENDENT LEGAL AND FINANCIAL COUNSEL REGARDING THESE
CONSEQUENCES. If you do not understand the effect of any part, consult your Attorney before
signing.
16. NON-MERGER. The terms, conditions, and provisions of this Agreement shall not
be deemed merged into the deed, and shall survive the Closing and continue in full force and effect.
17. NOTICES. All notices required or permitted to be given hereunder shall be in vaiting
and shall be sent U.S certified mail, return receipt requested, or by facsimile tran.~mission addressed
as set forth below:
(a) All notices to be given to Buyer shall be addressed as follows:
Kathleen McCluskey
Administrative Services Director
City of Bremerton
239 Fourth Street
Bremerton, Washington 98337
(b) All notices to be given to Seller shall be addressed as follows:
Marcella Ridge
NE 120 Pederson Dr.
Belfak, WA. 98528
REAL ESTATE PURCHASE AND SALE AGREEMENT
Page 4 0£7
1'7
Either party hereto may, by written notice to the other, designate such other address
for the giving of notices as being necessary. All notices shall be deemed given on the day such notice
is personally served, or on the date of the facsimile transmission, or on the third day following the day
such notice is mailed in accordance with this paragraph.
18. ENTIRE AGREEMENT AND MODIFICATION. This agreement, including all
incorporated exhibits, constitutes the full understanding between seller and buyer. There have been
no verbal or other agreements that modify this agreement. This Agreement may Only be modified by
mutual written agreemem of the parties.
19. BINDING EFFECT AND SURVIVAL. This Agreement shall be binding upon
parties hereto and their respective heirs, successors and assigns; and the terms, conditions and
provisions of this Agreement shall survive the closing of this transaction.
20. DATE OF MUTUAL ACCEPTANCE. For the purposes of this Agreement, the
date of mutual acceptance of' this Agreement shall be the last date on which the parties to this
Agreement have executed this Agreement as indicated below.
21. EXP/RATION OF OFFER. Buyer shall have only until 5:00 p.m. on Friday
October 24, 2003_ to accept the purchase and sale agreement as written, by delivering a signed copy
thereof to the Buyer or the Buyer's agent. If Seller does not so deliver a signed copy within said
period, this agreement shall lapse and all right of the parties hereunder shall terminate.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the date set
forth below.
BUYER: SELLERS:
~ CITY OF BREMERTON MARCELLA AND JACK RIDGE
By:. By:
Cary Bozeman, Mayor Marcella Ridge
Dated: Dated:
APPROVED AS TO FORM
By:
By: Jack Ridge
Roger Lubovich, City Attorney Dated:
Dated:
REAL ESTATE PURCHASE AND SALE AGREEMENT
Page 5 of 7
EXI~IRIT A
LEGAL DESCRIPTION
Tax Description
Tax Account No. Process No. Sims Address
~756-000~011-0007 llm52s3 11
JACOBSEN'S, JENS, ADDN
BLK 000 LOT 11 EX N 5FT
REAL ESTATE PURCHASE AND SALE AGREEMENT
Page 6 of 8
EXHIBIT B
LOCATION OF PROPERTY
REAL ESTATE PURCHASE AND SALE AGREEMENT
Page 7 of 8
EXHIBIT C
LIST OF PROPERTY TO BE REMOVED
REAL ESTATE PURCHASE AND SALE AGREEMENT
Page 8 of 8
Complete Appraisal Analysis ~ Snmmary Appraisal Report
SMALL RESIDENTIAL INCOME PROPERTY APPRAISAL REPORT ~, no. IO318STP
~a~Oe.enVhO. Blk 000 Lot l 1 Execm N_orth 5 feet Jacobsen's Jens Addition c~.~ Kitsap
~oe, P~em.o 37~6 000 0!! 0007 ~a~V~a~ 2003 ~E x~** 880.61 s~m~a~mo~t~* n~
a .... CitvofBreme~o~ c~.,~ MarcellaRidg~ o=..~.~ I 1o .... ~~
The subject is located in an older established residential neighborhood that is cbaneine to commercial use, Some of the older
homes have been converted to apartments. Most homes in the neighborhood averae~ maintenance levels.'Children walk
schools. Olvm¢ c Co egg i$ six blocks North. The Seattle/Bremerton Ferry is within walking distance maltine the additional'
~ort facilities of tbe large metropolitan area of Seattle easily available while allowing for the serene lifestgle of small town
living. Puget Sound Naval ShiCyard the areas largest employer is also with walking distance. Support facilities are close and
convenient.
817 10th Street 316 S Lafayette Avenue ~39 N Wycoff Ave Ct ~3 1136 Naval Avenue
~o~v,o~l~, ; ); I mile [ mile 1/2 mile
o,~ ...... M~S ~LS MLS ' ~
~on~=~mmu~ 3 ~ 9 3' 3 2 : 6 3 2 3 ~ 10 3 : 3 2 ~ 6 2 2
and sellers are receiving about 96% of asklng ~rice. Interest rates are $!a)le and afforda
makln~ it unnecessarv to em~v creative method~ 9f financ ne to sell homes in the area. Rent controls are not anticipated in
the foreseeable future, '
s~t*~, 3,920sf~erassessor co.~.o, [X~o [~., s~ smalertban Vp_ca
~ ~ ] ~lalt ~ CJ ~p~ .............. ~arhn~asement
by all city services, Off street parklnu via easement o.~ining property, ill=uns along real of s te Na';o~a Srei~
Schaefer SinnetI Hernandez, Inc.
Complete Appraisal Analysis - Summary Appraisal Report
SMALL RESIDENTIAL INCOME PROPERTY APPRAISAL REPORT FilaUo. ~O31§8TP
existine w.a~ aluminum/vinyl insulated ~,~.m..~ ~pical for age [
1910 Manulaclursa hoosi~* L.~ Y~
date
p~raisal,
VALUATION ANALYSIS
1,276 sq F~ ~S 54 I I 68,90~4
Complete Appraisal Analysis - Summai3~ Appraisal Report
SMALL RESIDENTIAL INCOME PROPERTY APPRAISAL REPORT F~r*No. JO318STP
817 10th Street 1511 9th Street , ~Bremert°nl 3 t 2 Wan'en Avenue B r_e m~e r607 8th ohs treet
blocks 14 blocks -- 2 blocks
8/22/2003
functional floor Ifunctional ~!0or ~1 floor
Fhe~¢ortrenttheComCarabless6~ currentare aIlandlOcatedestimatedin the rent.SUbiects immediate market.. ~area All are month to mort h rentals. The core,arables].
410
3901
~aundrv__facilities. Un 3 arrears to be rented below, marke The units are very rentable.
Schaefer Sihnett Hemandez, inc.
Complete Appraisal Analysis - Summary Appraisal Report
SMALL RESIDENTIAL INCOME PROPERTY APPRAISAL REPORT Fifos= ,10318STP
10th Street [019 5th Street 1213 5th Street 1709 & I709 1/2 13th Street
nspection I 1,000.00 ~LS/Assessor
$
Gross 4~4% ! Gross 5.5%
$ 101.210[ Net-4,5% *
minor amenities.
No
No sales recorded in the o sales recorded in the
p~o~ :in past 3 years ~$82,000
a tri-t~lex. Comnarables 1 and 3 include 2 small homes on a single site. *** See Additional Commenlo ***
Schaefer Sinne~ Hernandez, Inc.
INCOME APPROACH
consideration in the fihal value estimate.
Schaefer Sinnett Hernandez, Inc.
~,~ ~o JO3188TP
PHOTOGRAPH ADDENDUM
FRONT VIEW OF
SUBJECT PROPERTY
REAR VIEW OF
SUBJECT PROPERTY
STREET SCENE OF
SUBJECT PROPERTY
Fi~. r~ .10318~TP
PHOTOGRAPH ADDENDUM
/ 817 10th Street
side 2
817 10th Street
parking
817 l~h Street
unit
817 lOth S~reet
unit side
817 l~th St~gt
alley
_Prope~y Address 817 10th Str~_et
_City Bmmerton County KIt~aJ~ State WA Z~Code 98340
Lender/Client None
alley
Kitchen Bath
Kitchen Bath
unit 2
Living Room Bedroom
I
I
r~ ~o JQ3 ~ 88TP
PHOTOGRAPH ADDENDUM
~o~o~c~o~ City of Br~m~rten
COMPARABLE #1
1019 5th Street
Bmmerton
Price $122,911
PricedSF 99,77
Date 2/20/2003
Age 72/E20
Living Area 1,232
Room Counts by Unit
$118,351
COMPARABLE #2
1213 5th Street
$1 lO,O00
51.04
7/23/2003
91/25
Area 2,155
by Unit
$101,210
COMPARABLE #3
1709 & 1709 1/2 lBth SU'ee
Bremerton
Price $120,000
Price/SF 98.36
Date 7/31/2003
62/20
Area 1,220
Room Counts by Unit
$114,560
)Q3188TP
PHOTOGRAPH ADDENDUM
RENTAL #1
1511 9th Street
~"~ RENTAL #2
~ ..... I 1312 Warren Avenue
RENTAL t/3
File Iq° .IQM 88 ]'P __
LOCATION MAP
Schaei~r Si~k~4ernandez, Inc.
~no No. JO3188TP
MULTI-PURPOSE APPRAISAL ADDENDUM
FOR FEDERALLY REGULATED TRANSACTIONS
APPRAISAL PURPOSE AND FUNCTION
EXTENT OF APPRAISAL PROCEDURE
AJi forms of depreciation (physical, functional, and external) are Specifically addressed in the attached report or other addenda
~Cor income producing properties, actual rents, expenses and vacancies have been reported and analyzed for subject and comparat31e
The subject is a single family residence located in predominantly owner-eccupled area The lack of rental data amd the lack of sales
SUBJECT PROPERTY SALES HISTORY
Marcella Ridge
[~-] FEMA FLOOD HAZARD DATA
Zone Map/Parcel Date Name of Community
5300930015A 8/15/79 Bremefton
· ~efer SinneiX Hernandez, Inc.
vae No. JO3188TP
SUBJECT PROPERTY OFFERING AND CONTRACT INFORMATION
The subject property I ....... tl¥ and ..... tract for sale as rJescdbed:
Marcella Ridge City of Breme~on
· ,. sal ..... trsct and/ ........ instructi .......... jawed.
MARKET OVERVIEW
A reas°na~Je marketing period °~ ~ m°n~hs has been Projected based on current~W~LS ~tAtistic&
[3([ ADDITIONAL CERTIFICATION
This appraisal corfforms to the Llniforrn Standards of Professianal Appraisal Practice (USpAp) adop[ed ~y ~he ~ppraJsa4 Standards
ENVIRONMENTAL DISCLAIMER
ADDITIONAL COMMENTS
t is understood that the appraiser is not oualif}ed as ~ professional expert or inspector of r~ofs, s[r~ctura svs e ~s,
nechanical or electrical systems. If the client has any concerns re~ardin~ the above mentioned items, w~e the cen
l~t2in~ua fled exp~rt~inion. The a~raiser is mmlified to determine market value.
~] APPRAIS~'S SIGNATURE & LICENSE/CERT F CATION
Appraiser's Name ~7B Jo y, $~r ~hon~360-613.5528 .... --'
stateWA L ~ License ~j Ce~1fication~ 27011-~]0062~ TaxJD~
[ ] CO-SIGNING APPRAISER'S SIGNATURE & LICENSE/CERTIFICATION
~ Schaefer S nne Hernandez, Inc.
Operating Income Statement
~ uo JO318STP
One- to Four-Family Investment Property and Two- to Four-Family Owner-Occupied Property
Proosny^aarsaa 817 10th Street
ci~v Bremerton coonw Kitsat> sta~ WA z~ocoe~ 98310
General Inatructlon~: This fo~ is to be prepaid jointly by the ~oan applicant, the appraiser and the tender's unde~riter The applicant
Total S [~17~ S 1,190 Water/S .... ~ :
Total $ 14,280 S
Intedor PainUOecorating 200
This includes the costs of contract labor and metel~als that are
required to maintain the interiors of the living units
General Repairs/Maintenanc~ ]00
Replacement Reserve Schedule
$ 13,852 - $ 3.123 = s 1_07~72929 / ~2 =* 894.08
$ 894.08 - $ = $ 894.08
Jo Y. Schaefer ~.-t' ~" J August 22. 2003
Unden~riter Name Undemvriter Signature Date
Schaefer Sinnett Hernandez, Inc.
~i1¢ Nu JO3188TP
STATEMENT OF LIMITING CONDITIONS AND APPRAISER'S CERTIFICATION
CONTINGENT AND LIMITING CONDITIONS: The appcaiseg* ¢erlification that appears ~n the eppraisa~ report
3 The appraiser has examined the avaJlaDle flood maps that are provided by Ihe Federal Emergency Management
5 The appraiser has estimated the value of lhe land itl the cost approach at ~ts highest and best use and the
improvements at their con[ributory value The separate valuations of the land and improvements must no~ be
used in conjunction with any o~her appraisal and are invalid if they are so used
Freddie Mac Form 439 0-93 Page 1 of 2 Farlnje Mae Folm lOO4J~ 6.93
DATE SUBMITTED: 10-24-2003 BILL # 03-206 AGENDA BILL
CITY OF BREMERTON q A
CITY COUNCIL
SUBJECT:Public Hearing on the Proposed Committee Meeting Date: 10-28-03
FY2004 Budget COUNCIL MEETING Date: 10-29-03
Department: Finance
Presenter: Michael Wilson
Phone: 473-5590
SUMMARY: State statute requires that the City hold a public hearing regarding the proposed
FY2004 Budget prior to adoption. On October 29, 2003 the hearing will open and be continued until
November 12, 2003.
ATTACHMENTS:
FISCAL IMPACTS (Include Budgeted Amount):
APPROVALS:
DEPARTMENT DIRECTOR:
CITY ATTORNEY:
MAYOR: .~_z~ ' '~o ~'~
FISCAL/BUDGET:
- - ; /.- - - CONSENT AGENDA []
OPERATIONS: /
COUNCIL PRESIDENT:
RECOMMENDED MOTION:
COUNCIL ACTION: [] Avl~rove [] Deny [] Table [] Continue [] No Action