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HomeMy WebLinkAboutPK07-171 - Original - Washington Valuation & Consulting Services - Clark Lake Park Lake Property Appraisal - 01/09/2007 Records Manage rn e _-- KENT Document WASHINGTON � � CONTRACT COVER SHEET This is to be completed by the Contract Manager prior to submission to City Clerks Office. All portions are to be completed, if you have questions, please contact Mary Simmons, City Clerks Office. Vendor Name: Contract Number: PKO?- / T7/ This is assigned by Mary Simmons Vendor Number: Project Name: Zoe&' At 4 Contract Effective Date: Contract Termination Date: 4 Contract Renewal Notice (Days): Number of days required notice for termination or renewal or amendment Contract Manager: repi Department: ��L fc� ��lLl1l ,sY Sr- Abstract: ADCL7832 07/02 KENT W A 5 H 1 N G T O N CONSULTANT SERVICES AGREEMENT between the City of Kent and Washington Valuation & Consulting Services THIS AGREEMENT is made between the City of Kent, a Washington municipal corporation (hereinafter the "City"), and Washington Valuation& Consulting Services organized under the laws of the State of Washington, located and doing business at 14201 SE Petrovitsky Road, A-3 Suite 346, Renton, Washington 98058 (hereinafter the "Consultant"). I. DESCRIPTION OF WORK. Consultant shall perform the following services for the City in accordance with the following described plans and/or specifications: Prepare a summary appraisal report of the Lake Property (parcel numbers 212205-9157 and 212205-9153) as described in the Consultants proposal dated December 27, 2006 attached and incorporated as Exhibit A Consultant further represents that the services furnished under this Agreement will be performed in accordance with generally accepted professional practices in effect at the time those services are performed. IL TIME OF COMPLETION. The parties agree that work will begin on the tasks described in Section I above immediately upon the effective date of this Agreement. Upon the effective date of this Agreement, Consultant shall complete the work described in Section I within thirty(30) days III. COMPENSATION. A. The City shall pay the Consultant, based on time and materials, an amount not to exceed Three Thousand Two Hundred Dollars and NO/100ths ($3,200 00) for the services described in this Agreement. This is the maximum amount to be paid under this Agreement for the work described in Section I above, and shall not be exceeded without the prior written authorization of the City in the form of a negotiated and executed supplemental agreement The Consultant agrees that the hourly or flat rate charged by it for its services contracted for herein shall remain locked at the negotiated rate(s) for a period of one (1) year from the effective date of this Agreement The Consultant's billing rates shall be as delineated in Exhibit A B. The Consultant shall submit monthly payment invoices to the City for work performed, and a final bill upon completion of all services described in this Agreement The City shall provide payment within forty-five (45) days of receipt of an invoice. If the City objects to all or any portion of an invoice, it shall notify the Consultant and reserves the option to only pay that portion o f t he i nvoice n of i n d ispute. I n t hat e vent, t he p arties w ill i mmediately in ake e very effort to settle the disputed portion CONSULTANT SERVICES AGREEMENT- I (Under $10,000) IV. INDEPENDENT CONTRACTOR. The parties intend that an Independent Contractor- Employer Relationship will be created by this Agreement and that the Consultant has the ability to control and direct the performance and details of its work, the City being interested only in the results obtained under this Agreement V. TERMINATION. Either party may terminate this Agreement, with or without cause, upon providing the other party thirty (30) days written notice at its address set forth on the signature block of this Agreement. After termination, the City may take possession of all records and data within the Consultant's possession pertaining to this project, which may be used by the City without restriction If the City's use of Consultant's records or data is not related to this project, it shall be without liability or legal exposure to the Consultant VI. DISCRIMINATION. In the hiring of employees for the performance of work under this Agreement or any subcontract, the Consultant, its subcontractors, or any person acting on behalf of the Consultant or subcontractor shall not, by reason of race, religion, color, sex, age, sexual orientation, national origin, or the presence of any sensory, mental, or physical disability, discriminate against any person who is qualified and available to perform the work to which the employment relates. Consultant shall execute the attached City of Kent Equal Employment Opportunity Policy Declaration, Comply with City Administrative Policy 1.2, and upon completion of the contract work, file the attached Compliance Statement. VII. INDEMNIFICATION. Consultant shall defend, indemnify and hold the City, its officers, officials, employees, agents and volunteers harmless from any and all claims, injuries, damages, losses or suits, including all legal costs and attorney fees, arising out of or in connection with the Consultant's performance of this Agreement, except for that portion of the injuries and damages caused by the City's negligence. The City's inspection or acceptance of any of Consultant's work when completed shall not be grounds to avoid any of these covenants of indemnification. Should a court of competent jurisdiction determine that this Agreement is subject to RCW 4 24 115, then, in the event of liability for damages arising out of bodily injury to persons or damages to property caused by or resulting from the concurrent negligence of the Consultant and the City, its officers, officials, employees, agents and volunteers, the Consultant's liability hereunder shall be only to the extent of the Consultant's negligence. IT IS FURTHER SPECIFICALLY AND EXPRESSLY UNDERSTOOD THAT THE INDEMNIFICATION PROVIDED HEREIN CONSTITUTES THE CONSULTANT'S WAIVER OF IMMUNITY UNDER INDUSTRIAL INSURANCE, TITLE 51 RCW, SOLELY FOR THE PURPOSES OF THIS INDEMNIFICATION. THE PARTIES FURTHER ACKNOWLEDGE THAT THEY HAVE MUTUALLY NEGOTIATED THIS WAIVER The provisions of this section shall survive the expiration or termination of this Agreement. VIIL INSURANCE. The Consultant shall procure and maintain for the duration of the Agreement, insurance of the types and in the amounts described in Exhibit B attached and incorporated by this reference IX. EXCHANGE OF INFORMATION. The City will provide its best efforts to provide reasonable accuracy of any information supplicd by it to Consultant for the purpose of completion of the work under this Agreement. CONSULTANT SERVICES AGREEMENT-2 (Unde) $10,000) X. OWNERSHIP AND USE OF RECORDS AND DOCUMENTS. Original documents, drawings, designs, reports, or any other records developed or created under this Agreement shall belong to and become the property of the City. All records submitted by the City to the Consultant will be safeguarded by the Consultant Consultant shall make such data, documents, and files available to the City upon the City's request. The city's use or reuse of any of the documents, data and files created by Consultant for this project by anyone other than Consultant on any other project shall be without liability or legal exposure to Consultant XI. CITY'S RIGHT OF INSPECTION. E ven though Consultant is an independent contractor with the authority to control and direct the performance and details of the work authorized under this , Agreement, t he w ork m ust m eet t he approval o f the C ity and s hall b e subject to the C ity's general r ight o f inspection to secure satisfactory completion. XII. WORK PERFORMED AT CONSULTANT'S RISK. Consultant shall take all necessary precautions and shall be responsible for the safety of its employees, agents, and subcontractors in the performance of the contract work and shall utilize all protection necessary for that purpose All work shall be done at Consultant's own risk, and Consultant shall be responsible for any loss of or damage to materials, tools, or other articles used or held for use in connection with the work. XIII. MISCELLANEOUS PROVISIONS. A. Recyclable Materials. Pursuant to Chapter 3.80 of the Kent City Code, the City requires its contractors and consultants to use recycled and recyclable products whenever practicable. A price preference may be available for any designated recycled product B. Non-Waiver of Breach. The failure of the City to insist upon strict performance of any of the covenants and agreements contained in this Agreement, or to exercise any option conferred by this Agreement in one or more instances shall not be construed to be a waiver or relinquishment of those covenants, agreements or options, and the same shall be and remain in full force and effect C. Resolution of Disputes and Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Washington. If the parties are unable to settle any dispute, difference or claim arising from the parties' performance of this Agreement, the exclusive means of resolving that dispute, difference or claim, shall only be by filing suit exclusively under the venue, rules and jurisdiction of the King County Superior Court, King County, Washington, unless the parties agree in writing to an alternative dispute resolution process. In any claim or lawsuit for damages arising from the parties' performance of this Agreement, each party shall pay all its legal costs and attorney's fees incurred in defending or bringing such claim or lawsuit, in addition to any other recovery or award provided by law; provided, however, nothing in this paragraph shall be construed to limit the City's right to indemnification under Section VIl of this Agreement. D. Written Notice. All communications regarding this Agreement shall be sent to the parties at the addresses listed on the signature page of the Agreement, unless notified to the contrary Any written notice hereunder shall become effective three (3) business days after the date of mailing by registered or certified mail, and shall be deemed sufficiently given if sent to the addressee at the address stated in this Agreement or such other address as may be hereafter specified in writing E. Assignment. Any assignment of this Agreement by either party without the written consent of the non-assigning party shall be void If the non-assigning party gives its consent to any assignment, the terms of this Agreement shall continue in full force and effect and no further assigmnent shall be made without additional written consent. CONSULTANT SERVICES AGREEMENT-3 (Uuclei $10,000) F. Modification. No waiver, alteration, or modification of any of The provisions of this Agreement shall be binding unless in writing and signed by a duly authorized representative of the City and Consultant. G. Entire Agreement. The written provisions and terms of this Agreement, together with any Exhibits attached hereto, shall supersede all prior verbal statements of any officer or other representative of the City, and such statements shall not be effective or be construed as entering into or forming a part of or altering in any manner this Agreement All of the above documents are hereby made a part of this Agreement However, should any language in any of the Exhibits to this Agreement conflict with any language contained in this Agreement, the terms of this Agreement shall prevail. H. Compliance with Laws. The Consultant agrees to comply with all federal, state, and municipal laws, rules, and regulations that are now effective or in the future become applicable to Consultant's business, equipment, and personnel engaged in operations covered by this Agreement or accruing out of the performance of those operations. IN WITNESS, the parties below execute this Agreement, which shall become effective on the last date entered below. CONSULTANT: CITY KENT* By- UA, By: (signature) (signature) Print Name: Surinder Khela Pn e: Jeff Watlmg Its• President Its Director (Title) ('!Title) DATE: Cs/u DATE: ( 077 NOTICES TO BE SENT TO: NOTICES TO BE SENT TO: CONSULTANT: CITY OF KENT: Surinder Khela Perry Brooks, Project Manager Washington Valuation & Consulting Services Kent Parks, Recreation & Community Services 14201 SE Petrovitsky Road, A-3 Suite 346 - - 220 Fourth Avenue South - -- Renton, WA 98058 Kent, WA 98032 206 240-5035 (telephone) (253) 856-5114(telephone) 253 859-7855 (facsimile) (253) 8566050 (facsimile) Lake Pioperty Appraisal (Clack Lake Park) CONSULTANT SERVICES AGREEMENT-4 (Under$10,000) DECLARATION CITY OF KENT EQUAL EMPLOYMENT OPPORTUNITY POLICY The City of Kent is committed to conform to Federal and State laws regarding equal opportunity. As such all contractors, subcontractors and suppliers who perform work with relation to this Agreement shall comply with the regulations of the City's equal employment opportunity policies The following questions specifically identify the requirements the City deems necessary for any contractor, subcontractor or supplier on this specific Agreement to adhere to An affirmative response is required on all of the following questions for this Agreement to be valid and binding If any contractor, subcontractor or supplier willfully misrepresents themselves with regard to the directives outlines, it will be considered a breach of contract and it will be at the City's sole determination regarding suspension or termination for all or part of the Agreement; The questions are as follows: 1. I have read the attached City of Kent administrative policy number 1.2. 2. During the time of this Agreement I will not discriminate in employment on the basis of sex, race, color, national origin, age, or the presence of all sensory, mental or physical disability 3. During the time of this Agreement the prime contractor will provide a written statement to all new employees and subcontractors indicating commitment as an equal opportunity employer. 4. During the time of the Agreement 1, the prime contractor, will actively consider hiring and promotion of women and minorities. 5. Before acceptance of this Agreement, an adherence statement will be signed by me, the Prime Contractor, that the Prime Contractor complied with the requirements as set forth above. By signing below,I agree to fulfill the five requirements referenced above. --tom Dated this day of 2007. � A , By: For: �Cti+t^en- Val Gc� fib. ceplri5tt �15 Title: Date: EEO COMPLIANCE DOCUMENTS- 1 CITY OF KENT ADMINISTRATIVE POLICY NUMBER: 1.2 EFFECTIVE DATE: January 1, 1998 SUBJECT: MINORITY AND WOMEN SUPERSEDES. April 1, 1996 CONTRACTORS APPROVED BY Jim White, Mayor POLICY: Equal employment opportunity requirements for the City of Kent will conform to federal and state laws. All contractors, subcontractors, consultants and suppliers of the City must guarantee equal employment opportunity within their organization and, if holding Agreements with the City amounting to $10,000 or more within any given year, must take the following affirmative steps. 1. Provide a written statement to all new employees and subcontractors indicating commitment as an equal opportunity employer. 2. Actively consider for promotion and advancement available minorities and women. Any contractor, subcontractor, consultant or supplier who willfully disregards the City's nondiscrimination and equal opportunity requirements shall be considered in breach of contract and subject to suspension or termination for all or part of the Agreement Contract Compliance Officers will be appointed by the Directors of Planning, Parks, and Public Works Departments to assume the following duties for their respective departments. 1. Ensuring that contractors, subcontractors, consultants, and suppliers subject to these regulations are familiar with the regulations and the City's equal employment opportunity policy 2. Monitoring to assure adherence to federal, state and local laws, policies and guidelines. EEO COMPLIANCE DOCUMENTS -2 CITY OF KENT EQUAL EMPLOYMENT OPPORTUNITY COMPLIANCE STATEMENT This form shall be filled out AFTER COMPLETION of this project by the Contractor awarded the Agreement. I, the undersigned, a duly represented agent of Washington Valuation & Consulting Services Company, hereby acknowledge and declare that the before-mentioned company was the prime contractor for the Agreement known as Lake Property Appraisl that was entered into on the (date) between the firm I represent and the City of Kent. I declare that I complied fully with all of the requirements and obligations as outlined in the City of Kent Administrative Policy 1.2 and the Declaration City of Kent Equal Employment Opportunity Policy that was part of the before-mentioned Agreement. Dated this day of , 2007. By: For: Title: Date: EEO COMPLIANCE DOCUMENTS -3 EXHIBIT A December 2T 2006 Surindir Kheta Presldr+rit Wasn,ngton Valuation S Consulong Services 14201 8F ©atrcv,tsky Road,Suge A 3 346 Renton,0/as1-irngton 98058 Perry Brooks Parks A Open Space Planner G,ty of Kent Parks, Recreation&Community Se vices 220 Fourth Avenue Soutii Kart,%vashingWri y8032-5895 RE Appraisal for the Lake Property tParcet'Numbers 2122u5 915,'& 2 12205-9 1 53) Dear Perry Herewith submitted is my proposat rcr preparing a sutrmary ap-)n,sal report of ti-c above- refsrencAl property This w1ll include a summary ciscilas'on of the srinfect property with summary mforrr,ation regerding tha comparable Sates in ,a4evrrit market araas and Wirt Corcluda with an estimated m2rkat value J the subject p-oi,�r'y in an'A3 IS -onnition It is niy understanding that the property to be appraised consists of two carce6 located at 126E5 SE 240'"Street,Kent in King County Market value is the triaicr focus of most -ear property appraisal assigiirnents Both economic a^d legal definalons Of market valve have beer, cl ,elopsd ario refined Continual refinement is essential to the grovnn of the apor3isal profession The cwrel'rt economic definition of market value can be stated as follows The ;port probable once which a property should bring in a compeA ve and open market under all conditions requisite to fair sale and the hayar aria seller each acring prudently and knowledgeably and a,sumtncg the price is not aftecteo by uniue stimul-is Imprcit in tnis deffnit,en is the cc:lBUmrndtirn of a saie as Cf a specified date and the passing of title }rom 3elier to bu{er under conditions wherecy l 1. Buyer and seller are typically motivated, 2 9nin ciarfws are veil informed or we4 adwsed and eaen ectmq In Mlai trier consider heir Gent merest, 3 A rea9orable time iq all wad for exposure in the open m"ei 4 Paymen, 's rindr n'erms of cash it U S doilw!s ct '* 'g•ms of finaric,al :�rangErnenis cemp'aiabie thereto 5 Tne price represenls a normal con,i&-ai for the pioperly sold unaffacfed by snecra'or creative financing or sales corressions gran'ed by anyone associated wth Me sale prepared incorrfo-ntity with-and sunjec-1 i5-the Lift r 5ran ar.s nT — Prefessional Appraisal 'Practice of '.ha Appraisal fr,titute I sm or000sttig to r,epaie ihre, ropits cif the report within appio>rmat.:'y your weeks from your acceptance of the proposal The fee for preparing Iris report is$3 200 A rrta nGr of 5014 car this fee is due upon engagement o4 this assignmeni vAh the balarL re Sue at Wir Laic (if d! liv�ry of the appraisal The terns and conditions of this p opcsal are orly valid if the letter is executed by the addressee ant returned wilim 5 a3vs In cider to`acnIate r'xr f,rnriy r ')mpMe on of the appialsa! we veils request the tollminq information rf appl,cab:e a pretminary site layout, development costs breakdoAT, vvetiond dellne8tlon icport, :rlenitirs of the deev,binpnw�d prel^rijriary IrtAe report andlur rrF:,j app•a,sa+s completeo If the report rs to be directed to a correm or concerns other than the addresses please Inform its in order that completion Of Elie assignment wdl not be delPyad Should t iere be a need for Further discu?sion, we trust you wtl con,acc the urelersignec Ths^k ypr/ affair for copsidenng my `tln7 I am lock,ng Iorwa`,u in wriAilaktri3 anu completing the assignment to your total satafectrcn Respectfullti sutxmteo Washwgton Valuation&Consulting Services /r _ct AAi4y [ iC Qr Suiio,jei-Pal Kneta President I unnerstand and accept that the appraisal r000rt is subject to the enclosed BAWL Assumptions and Limiting^,ondiaans araehed, Agreed to and accepted this --2,- day of —V 2006 By — — BAS C ASSUl11PiIONS ANM 1XMITING CONDITIONS Pw, appraisal repent is subject. to umdei'yin: assuntlytions and limiting conditions clualifying tic inrormat,(m (unLlulco in the repoM ,c, The valuation estimate and market or fenslbilily concussions apply only to the propelt} spe�.iticaliv Idenlrlicd and described in Cie uts,iing report Information and dal:.a c()ntaint(i In the r(:1)ort, although ONLImed Isom public record , and other leitahie A)ui.,ea and, where carctnlly diecke(1 by the Appmisci, ale 1cxl4c(i is sattslactoty 6yi(1ol" upon which re:;t5 the. final evt)rcvsion of pfopuliy vcdu% the Apptaiscrs have mnide uo lcg:il survey nor have th(v c(renml,sroned one to he prep.ircd thr�r(,rime, reference to a sketch, flat,diagram. or pivvioti'i >ulvcy APJICarin�? n) Ills report 114 oniy for the Irurpu,,c of the teadc.r to visuahac the property It is asmimcd that all mformation hmwi to tl;c them and relative t(I the valumion has bean at.car,am,ly turio,h(.ri ',ud thA theie are mo undisclo,(;d lent(,, :ak�crl)ler h,, liens. aI (lthcr encumh�:rmccsatfectinµ the use,t the property Ownership rand managenicnl air rimmed to be c(impcltnt artd in wsponsible h:nids. No respomaihihty beN'ond raison is assumed for nl: omi, of a legal nature, whcdler ear:,ting or peodilig, fiflo oration idea dud as bring 1urni4ed or proprile(I by othcos is belrevrd to lie rrlrable, but no lesponsibrlity tot its aecur,acy is assttna.`d the Appraisers, by icaSoca of dal nppr.li,al, shall ira)1 Os, recluir d Io gne testumony as an expert witlicss it any 11-gal hearinf;of befote.my colirt of law unI.,,jutilly and tcurl}'c(nlpeasalc(i lei such serf BY aca,oti of the Pmtpose of the Appraisal and honctuin of the Y:chea hercrri ,ct fuMh, the willc — --- iepoMed 1, only apphuWc to 111r Pioperly Flights Appraiwd and t1w oppr:it.al rep(srt ;hvuld lic't he tlwd tier ally,utllcr pinixi>�, -- ---- - -- -- --- - I he ltippraisei,yic not rngrncu,,dill d(lV 1'Clctt arcld p10prlty c I III i.i c I e I'l St I c s In tet,n,')f (liicantfty, condition, co',1, ,tlitabll�t}', ,t7�1 cunditiirn, iloo.l ItSI•:. (7t vAlv,('eue- c'tc, aie StrlCtly related to theft cutimmllic III-Viet on (Ile propoty. No habilnr is assu,l)c(1 Ins ,ice eneinecrinE- related i„tics Neither ill nor part oft lie contents(A)Ii is report trsIwcmIIv any coneh,sions as to t,alt:�:, the Idenrlty of tlio Appr,ris,'Is. of the Itrm with which they are l`( rl IIC('Ied, or r.fw rel.;l-once to chc '�Iticll In In,:itutr of Real Estate AppiacNo., tit the MAi nI KM dce ipuations) stlail K rrpcoduced Ibis dis;cnllmitiou to the lit(idfi; thiougft odic ti,nil inedia ptiblic relatror , rne&i, iv;N, mWia, ,-ales ulCdia, of-any (.IOwr public ilican,nt"C9lillilltnfe'ktl(}ll A,'Itl)Dtlr th(. 1T1(tl'GJr73e111 Ind v tiven app""al Jfthw Flppr<iiSriS. appraisal is bated ore Iltq ulnditurn of toe al and mitiomd t+cOmnwcv, purthaagop p<rKe1 of Im(mcy, and I'Man(ing rates,preV,1il,:Ig al tit ef'1cc1iyc dime M vithlc ►AMC ASST sttrrtONS AVD LlMrrrv(,coxnn'ION%(,:,lnt) In hits�Pplvlkd d.�lgnnl.nt lflz Isb;titc++t ru4,dlnift ann{ulni�.ln�us.iaSa gRul r+ronsintat+on or Inelnle111110C of )h„ but1t9114 Ruch W,Flit, m"ea m.m.,S.tahyai leant In"flannn I.besa+s rd�dhr{V%int2P:C ut loxic 'VII Ix, whiC11 nntY'-I, may cI be lniwnl of, rIL lwIxrly. lid' no, ix-pa .nlwd:r J lie YalujuoI Is eubj%vt It111t.+1.114JLun d ;uy ,:u-h mdfel allN I hi i qulhtled LYpert --i ilk.L' .eras rho Apprtr.,rs lecervo the nPju Ou mtxitry this vatu.tllrn it ,I s,arranted Pow,s�lon ,I ,1 w),1 dtcroot ct(xc Irol nnp1% light or pl:bli�dtlon, nor ❑sc lur Flat pot pint b. ;uiy light I Ian the pei ion fix h,mi it is adclI r,xa unhout Thl- wI itt it cut I.Lnt or iiw ,nidlor. lf}: lid},INly cif itiullrP'4f,lil !,1/y,fll(`11 & C-11%717/ut9 Sl-IeY'Ly11111-ccO 19 11'tnicd To the I li2nt only wid oulk ul+to iiu_amou^i or the tee xLald11} M,C?I6ed for da,u,>lghotent No third paitte, me} ILI% ulMu'Ina ,p r,mal ioi xr% Itutpoac Hh<uE.Kve1 Inclu+iw_ the p7+.itl�Ion of flnvt.l,iy luf the wgm.gion or uvhltnLntent nt 11 L wilJo *pinpwt Thl, ippi,nsal th:r;pixp,aro.t.;x.ifi.ril?y I+n ,wr Phew,in Iwo oil)th,,pn lx stil or ¢+praisaI ,kas gji jjv: qa EXHIBIT B INSURANCE REQUIREMENTS FOR CONSULTANT SERVICES AGREEMENTS Insurance The Contractor shall procure and maintain for the duration of the Agreement, insurance against claims for injuries to persons or damage to property which may arise from or in connection with the performance of the work hereunder by the Contractor,their agents,representatives,employees or subcontractors A. Minimum Scope of Insurance Contractor shall obtain insurance of the types described below 1. Professional Liability insurance appropriate to the Consultant's profession. B. Minimum Amounts of Insurance Contractor shall maintain the following insurance limits: 1 Professional Liability insurance shall be written with limits no less than$1,000,000 per claim and $1,000,000 policy aggregate limit. C. Other Insurance Provisions The insurance policies are to contain,or be endorsed to contain,the following provisions for Automobile Liability and Commercial General Liability insurance: 1. The Contractor's insurance coverage shall be primary insurance as respect the City Any Insurance, self-insurance,or insurance pool coverage maintained by the City shall be excess of the Contractor's insurance and shall not contribute with it 2 The Contractor's insurance shall be endorsed to state that coverage shall not be cancelled by either party, except after thirty(30) days prior written notice by certified mail, return receipt requested,has been given to the City - 3—TITeCity-of Kent shalI be named as-air additional-insured on all policies (except-Professional Liability) as respects work perfornied by or on behalf of the contractor and a copy of the endorsement naming the City as additional insured shall be attached to the Certificate of Insurance The City reserves the right to receive a certified copy of all required insurance policies The Contractor's Commercial General Liability insurance shall also contain a clause stating that coverage shall apply separately to each insured against whom claim is made or suit is brought, except with respects to the limits of the insurer's liability D. Acceptability of Insurers Insurance is to be placed with insurers with a current A.M.Best rating of not less than A.VII. E. Verification of Coverage Contractor shall fumish the City with original certificates and a copy of the amendatory endorsements, including but not necessarily limited to the additional insured endorsement, evidencing the insurance requirements of the Contractor before commencement of the work • F. Subcontractors Contractor shall include all subcontractors as insureds under its policies or shall furnish separate certificates and endorsements for each subcontractor All coverages for subcontractors shall be subject to all of the same insurance requirements as stated herein for the Contractor Date Issued: Policy Number: Previous Policy Number: 02/24/2006 LIU002715-005 LI0002715-004 REAL ESTATE APPRAISERS PROFESSIONAL LIABILITY Liberty Insurance Underwriters Inc._ THIS IS A CLAIMS MADE AND REPORTED POLICY. 55 Water Street, 18th Floor PLEASE READ IT CAREFULLY. New York, NY 10041 LIBERTY INSURANCE UNDERWRITERS,INC. (herein called "the Company's Item DECLARATIONS 1. Customer ID: 148870 Named Insured: WASHINGTON VALUATION&CONSULTING SERVICES / Surinder-Pal Khela 17910 SE 224th Street Kent, WA 98042 2. Policy Period: From: 03/15/2006 To: 03/15/2007 12:01 A.M. Standard Time at the address stated to Item 1. 3. Deductible: $1,000.00 Each Claim 4. Retroactive Date: 03/15/2000 5. Inception Date: 03/15/2002 6. Limits of Liability: The Limit of Liability for Each Claim and in A. $300,000 00 Each Claim the Aggregate is reduced by Damages and B. $300,000.00 Aggregate Claims Expenses as defined in the Policy. 7. Mail All Notices to Agent: Liability Insurance Administrators 1600 Anacapa Street Santa Barbara, California 93101 (805)963-6624; Fax: (805) 962-0652 8. Annual Premium: $739.00 9. Number of Appraisers: 2 10. Forms attached at issue: LIA002 (07/01) LIA WA(08/01) LIA009 (10/01) LIA012 (07101) This Declarations Page together with the completed and signed Policy Application including all attachments and exhibits thereto, and the Real Estate Appraisers Professional Liability Insurance Policy shall constitutetre—climtract between the Named Insured and the Company By LIA001 (07/01) Authorized Signature 148870 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY ADDITIONAL COVERED PERSONS ENDORSEMENT This endorsement, effective on 03/15/2006 at 12:01 A.M. standard time at the address of the Named Insured Forms a part of Policy Number: LI0002715-005 Issued to: WASHINGTON VALUATION & CONSULTING It is agreed that Section IV of the Policy, Definition (H) is amended to include: "Insured" means: The persons identified below, but only while acting on behalf of the Named Insured: Coverage Principal/Owner, Name Effective Date Appraiser or Trainee surinder Khela 03/15/2006 Principal/owner Eugene O'Hanlon 03/15/2006 Appraiser Patrick Donahue 03/15/2006 Trainee { i All other terms and conditions of this Policy remain unchanged. LIA012 (07/01)