Agmt18 Associated Right of Way Services, Inc.

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FURNITURE, FIXTURES AND EQUIPMENT APPRAISAL • AR/WS has included Hodges Lacey & Associates, LLC to perform furniture, fixtures and equipment (FF&E) appraisals. • Work with the AR/WS appraiser and the property owner and tenants. • Identify and determine ownership of FF&E. • Prepare inventory of trade fixtures and equipment. • Prepare FF&E appraisal reports. NOTES (FURNITURE, FIXTURES AND EQUIPMENT APPRAISAL) • Assumes FF&E appraisal services for a Denny's restaurant (No. 18), overhang structures on the City's Corporation Yard parcel (No. 20), and a sign located on a service station parcel (No. 12). Assumes no FF&E appraisal needed for the City's pump station parcel (No. 10) or the storage units on the Storage Equities Inc. parcel (No. 21) DELIVERABLES (FURNITURE, FIXTURES AND EQUIPMENT APPRAISAL) • Up to 3 furniture, fixtures and equipment appraisal reports, which will be incorporated into the real estate appraisals. NEGOTIATIONS/ACQUISITION • Initiate and maintain individual acquisition files. • Prepare acquisition documents. All acquisition documents to receive City's written approval as to form prior to use in the field. • Per Section 102 of the California Streets and Highways code, a copy of the appraisal report will be provided to the property owner. • Work with the City's Project Manager and City Staff to prepare a report to City Council regarding fair market values and proposed offers for the subject properties. • Present owners with first written offers. AR/WS will negotiate one (1) full property acquisition and partial acquisitions from twenty-six (26) properties that are identified by City. We are assuming there will be negotiations with up to 17 property owners as well as coordination with the City of Redwood City for two parcels owned by the City. • Acquisition agents will address issues and counteroffers from owners. Contracts will be presented and executed as agreements are reached. • Follow up with owners regarding status, and negotiate settlements. • If settlement with owners and other required interests is reached pursuant to the City approved appraisal or City approved administrative settlement, AR/WS will prepare a Memorandum of Settlement for transmittal to City. If an administrative settlement appears to be prudent, ARIWS will prepare a settlement discussion memorandum reviewing the issues. This memorandum will require City written approval before implementation of any settlement agreement. • AR/WS will establish with City a process of coordinating escrow closings and reviewing escrow instructions. Where there are escrow closings, preparation of escrow instructions will be completed by title company. Approval of conditions of title and escrow instructions, including but not limited to, "subject to" title exceptions, will be done by City. AR/WS R/W Support Agreement 1o1/Woodside Project - Exhibit "A" I A-5 ATTY/AGR.2018.091/Associated Right of Way Services Inc.