Agmt11 Seevers, Jordan, & Ziegenmeyer

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Exhibit A SCOPE OF WORK The appraisal assignment will be conducted in accordance with appraisal standards and guidelines found in the Uniform Standards of Professional Appraisal Practice (USPAP); the Appraisal Institute Code of Professional Ethics and Standards of Professional Appraisal Practice; and the California Debt and Investment Advisory Commission (CDIAC) Appraisal Standards for Land Secured Financings. The appraisal will be presented in a Self - Contained Report format, in accordance with the reporting requirements set forth under Standards Rule 2 -2(a) of USPAP. As with most appraisal assignments, the valuation process starts with a description of the region, with particular attention given to the underlying economic factors impacting the supply and demand for the appraised property. This analysis leads to a discussion of the local neighborhood and its advantages and disadvantages relative to competitive areas. Next, the subject property is described in detail with a focus on its competitive strengths and weaknesses. A critical step in the analytical process is the determination of highest and best use. In this portion of the report, legal factors, the physical characteristics of the property, economic feasibility and the maximum productivity of the property are all considered in arriving at a conclusion of highest and best use. This conclusion forms the basis for the selection of comparables and application of the approaches to value in the remainder of the report. The purpose of the appraisal is to estimate the hypothetical market value of the properties within the City of Redwood City Community Facilities District 2010 -01 (One Marina), assuming all public infrastructure, facilities and fees to be financed by the District bonds are in place. The One Marina Project comprises 33.24 acres of land intended for the development of attached residential condominiums and a hotel. The portion of the One Marina Project now comprising the District encompasses approximately 6.81 -net developable (taxable) acres of residential land (which excludes the hotel site). Typically, for properties consisting of undeveloped land, the sales comparison approach will be used to analyze comparable, recent land transactions in the subject's market area and surrounding areas to derive an opinion of market value. Particular attention will be given to the enhancements to value attributable to the subject's existing entitlements. In an effort to better familiarize you and the Finance Team with our logic and the scope of work required to complete an assignment of this magnitude, we have added to each item of the scope of work details specific to this assignment. The scope of work under which the appraisal would be performed is offered below. The first six items pertain to the scope of work used in all appraisal assignments and property types.