A.5.a
Packet Pg. 184
Attachment: JULY 2022 PAYMENT REGISTER (5932 : JULY PAYMENT REGISTER 2022) Vendor Name Check/EFT
Number
Payment
Date Inv Number Invoice Description
City of Moreno Valley
Payment Register
For Period 7/1/2022 through 7/31/2022
CHECKS UNDER $25,000
Payment Amount
DIAMOND ENVIRONMENTAL
SERVICES, LP
243788 07/05/2022 0003867260 PORTABLE RESTROOM RENTAL-COTTONWOOD GOLF CTR $1,891.38 07/05/2022 0003867258 PORTABLE RESTROOM RENTAL-MV EQUESTRIAN CTR 07/05/2022 0004014364 PORTABLE RESTROOM RENTAL-MV EQUESTRIAN CTR 07/05/2022 0003867259 PORTABLE RESTROOM RENTAL-MAINT & OP'S 07/05/2022 0004014366 PORTABLE RESTROOM RENTAL-COTTONWOOD GOLF CTR 243888 07/25/2022 0004014365 PORTABLE RESTROOM RENTAL-MAINT & OP'S $464.57 $9,540.07Remit to: SAN MARCOS, CA FYTD:
DIAZ, CATALINA 243846 07/11/2022 R22-163319 ANIMAL SERVICES REFUND-SPAY/NEUTER DEPOSIT $75.00 $75.00Remit to: MORENO VALLEY, CA FYTD:
DISH DBS CORPORATION 243835 07/11/2022 86557282/JULY22 SATELLITE TV-FIRE STATION 99-7/1-7/30/22 $146.39 $1,893.14Remit to: PALATINE, IL FYTD:
DIVISION OF THE STATE
ARCHITECT
243836 07/11/2022 2ND QTR 2022-786 STATE PORTION-DISABILITY ACCESS & EDUCATION FEE REPORT 786
$308.60
$3,680.20Remit to: SACRAMENTO, CA FYTD:
DLT SOLUTIONS 34246 07/25/2022 SI570698 AUTO CAD MAINTENANCE 7/18/22-7/17/23 $15,438.05 $30,876.10Remit to: HERNDON, VA FYTD:
E.R. BLOCK PLUMBING &
HEATING, INC.
34099 07/05/2022 137141 BACKFLOW DEVICE TEST-ZONE D $993.75 07/05/2022 137139 BACKFLOW DEVICE TEST-ZONE D
07/05/2022 137211 BACKFLOW DEVICE TEST-ZONE D
34247 07/25/2022 137208 BACKFLOW DEVICE TEST-PARKS $100.00 $42,905.56Remit to: RIVERSIDE, CA FYTD:
A.5.a
Packet Pg. 185
Attachment: JULY 2022 PAYMENT REGISTER (5932 : JULY PAYMENT REGISTER 2022) Vendor Name Check/EFT
Number
Payment
Date Inv Number Invoice Description
City of Moreno Valley
Payment Register
For Period 7/1/2022 through 7/31/2022
CHECKS UNDER $25,000
Payment Amount
EAGLE PUMP SERVICES, INC. 34100 07/05/2022 17023038 LANDSCAPE MAINT-ZONE D. M, 01, 04, 05, 06, 09, NPDES & LM02A
$4,736.98
$62,331.00Remit to: CHINO, CA FYTD:
ENCO UTILITY SERVICES MORENO
VALLEY LLC
34152 07/11/2022 0402-MF-2721REV1 SOLAR SYSTEM INSPECTION $1,584.00 07/11/2022 0402-MF-2719 SOLAR SYSTEM INSPECTION
07/11/2022 0402-MF-2718 SOLAR SYSTEM INSPECTION
07/11/2022 0402-MF-2722 SOLAR SYSTEM INSPECTION
07/11/2022 0402-MF-2720 SOLAR SYSTEM INSPECTION
07/11/2022 0402-MF-2717 SOLAR SYSTEM INSPECTION
34248 07/25/2022 0402-MF-2724 SOLAR SYSTEM INSPECTION $1,320.00 07/25/2022 0402-MF-2725 SOLAR SYSTEM INSPECTION
07/25/2022 0402-MF-2727 SOLAR SYSTEM INSPECTION
07/25/2022 0402-MF-2726 SOLAR SYSTEM INSPECTION
07/25/2022 0402-MF-2729 SOLAR SYSTEM INSPECTION
$8,618,369.89Remit to: ANAHEIM, CA FYTD:
ENTERPRISE SOLUTIONS
CONSULTING, LLC
34153 07/11/2022 MVU-2022-07 CONSULTING SVCS-MV UTILITIES $11,305.02 $463,744.03Remit to: WEBSTER, NY FYTD:
ESCOBAR, ERIC 243807 07/05/2022 7/12 - 7/14/22 TRAVEL PER DIEM, MILEAGE & PARKING-2022 ESRI INTL. USER CONF.
$374.13
$374.13Remit to: MORENO VALLEY, CA FYTD:
ESMERALDA'S JEWELRY 243904 07/25/2022 BL#33488-YR2022 REFUND OF OVERPAYMENT FOR BUSINESS LICENSE $103.29 $103.29Remit to: JURUPA VALLEY, CA FYTD:
A.5.a
Packet Pg. 186
Attachment: JULY 2022 PAYMENT REGISTER (5932 : JULY PAYMENT REGISTER 2022) Vendor Name Check/EFT
Number
Payment
Date Inv Number Invoice Description
City of Moreno Valley
Payment Register
For Period 7/1/2022 through 7/31/2022
CHECKS UNDER $25,000
Payment Amount
EXCLUSIVE TOWING 243790 07/05/2022 22-16851 EVIDENCE VEHICLE TOWING $273.00 $13,688.70Remit to: RIVERSIDE, CA FYTD:
FAMILY SERVICE ASSOCIATION 34101 07/05/2022 02-2022-300603CV CDBG-CV SENIOR NUTRITIONAL PROGRAM FY 19/20-FEB 2022 $17,857.95 34155 07/11/2022 03-2022-300603CV CDBG-CV SENIOR NUTRITIONAL PROGRAM FY 19/20-MARCH 2022 $20,460.79 07/11/2022 04-2022-300603CV CDBG-CV SENIOR NUTRITIONAL PROGRAM FY 19/20-APRIL 2022 $155,364.74Remit to: MORENO VALLEY, CA FYTD:
FARRELL, SHARON T 243812 07/05/2022 MVA020027006 REFUND-PARKING CITATION - VIOLATION DISMISSED $230.00 $230.00Remit to: SAN RAFAEL, CA FYTD:
FAST SIGNS 243837 07/11/2022 70-1156 DEPUTY RECOGNITION PLAQUES $1,993.33 243890 07/25/2022 70-1329 REVINYL PEN21-105 FOR PEN21-0149 $357.32 $12,978.79Remit to: MORENO VALLEY, CA FYTD:
FEHR & PEERS 34203 07/18/2022 156540 MV LOCAL ROADWAY SAFETY PLAN $19,177.11 $84,632.37Remit to: WALNUT CREEK, CA FYTD:
FIRST AMERICAN DATA TREE, LLC 243838 07/11/2022 20027760622 ONLINE SOFTWARE SUBSCRIPTION-JUNE 2022 $99.00 $1,663.15Remit to: PASADENA, CA FYTD:
FM THOMAS AIR CONDITIONING
INC
34156 07/11/2022 43872 AC2 HVAC REPAIR-FIRE STATION 65 $360.00 $720.00Remit to: BREA, CA FYTD:
FOOTHILL RV CENTER 34204 07/18/2022 INV-000025 MAINT & REPAIRS-FIRE $782.80 $4,319.80Remit to: MORENO VALLEY, CA FYTD:
A.5.a
Packet Pg. 187
Attachment: JULY 2022 PAYMENT REGISTER (5932 : JULY PAYMENT REGISTER 2022) Vendor Name Check/EFT
Number
Payment
Date Inv Number Invoice Description
City of Moreno Valley
Payment Register
For Period 7/1/2022 through 7/31/2022
CHECKS UNDER $25,000
Payment Amount
FRONTIER COMMUNICATIONS 243891 07/25/2022 081095-5/JULY22 FOREIGN EXCHANGE BUS LISTING-MV UTILITY $7.70 $38,408.24Remit to: CINCINNATI, OH FYTD:
G/M BUSINESS INTERIORS, INC. 34157 07/11/2022 0276250-IN PRIVATE OFFICE WITH STORAGE & LATERAL FILE-HR $7,226.54 07/11/2022 0276901-IN HERMAN MILLER AERON TASK CHAIR-MVU $72,753.92Remit to: RIVERSIDE, CA FYTD:
GALLS INC., INLAND UNIFORM 34104 07/05/2022 021362765 ANIMAL CONTROL OFFICER UNIFORMS $120.17 $6,630.80Remit to: CHICAGO, IL FYTD:
GANIMIAN, KIMBERLY 243845 07/11/2022 5/15 - 5/18/22 REIMBURSE TRAVEL PER DIEM - TYLER TECH CONNECT 22
CONFERENCE
$241.50
$4,003.50Remit to: MORENO VALLEY, CA FYTD:
GARCIA, FERNANDO 243813 07/05/2022 MVP82695 REFUND-PARKING CITATION - OVER PAYMENT $140.00 $140.00Remit to: PICO RIVERA, CA FYTD:
GARCIA, MARIA DEJESUS 243814 07/05/2022 MVA040030362 REFUND-PARKING CITATION - VIOLATION DISMISSED $172.50 243815 07/05/2022 MVA040028982 REFUND-PARKING CITATION - VIOLATION DISMISSED $172.50 243816 07/05/2022 MVA040031117 REFUND-PARKING CITATION - VIOLATION DISMISSED $115.00 243817 07/05/2022 MVA040031619 REFUND-PARKING CITATION - VIOLATION DISMISSED $115.00 $575.00Remit to: FAIR OAKS, CA FYTD:
A.5.a
Packet Pg. 188
Attachment: JULY 2022 PAYMENT REGISTER (5932 : JULY PAYMENT REGISTER 2022) Vendor Name Check/EFT
Number
Payment
Date Inv Number Invoice Description
City of Moreno Valley
Payment Register
For Period 7/1/2022 through 7/31/2022
CHECKS UNDER $25,000
Payment Amount
GARDAWORLD 34105 07/05/2022 10695685 $3,606.82
07/05/2022 20528801
07/05/2022 10691408
07/05/2022 20526613
07/05/2022 20522434
07/05/2022 10687466
ARMORED CAR SVC-CITY HALL, CONF & REC, MVU, LIBRARY &
ANIMAL SVC
ARMORED CAR SVC-CITY HALL, CONF & REC, LIBRARY & ANIMAL SVC
ARMORED CAR SVC-CITY HALL, CONF & REC, MVU, LIBRARY &
ANIMAL SVC
ARMORED CAR SVC-CONF & REC, LIBRARY & ANIMAL SVC
ARMORED CAR SVC-CONF & REC, LIBRARY & ANIMAL SVC
ARMORED CAR SVC-CITY HALL, CONF & REC, MVU, LIB & ANML
SVC
$15,183.72Remit to: CHICAGO, IL FYTD:
GAUMER, GREGORY 243905 07/25/2022 R22-165728 ANIMAL SERVICES REFUND-SPAY/NEUTER DEPOSIT $75.00 $75.00Remit to: MORENO VALLEY, CA FYTD:
GHA TECHNOLOGIES, INC. 34158 07/11/2022 101226766 1 YEAR ESET PROTECT RENEWAL $3,403.70 $3,403.70Remit to: SCOTTSDALE, AZ FYTD:
GODBOLT, LAJAY 243906 07/25/2022 2002721.047 REFUND-MOVAL ROCKS /MOVIES VENDOR WITHDRAWAL $248.25 $248.25Remit to: MORENO VALLEY, CA FYTD:
GOMEZ, DAISY 243876 07/18/2022 R22-163635 ANIMAL SERVICES REFUND-SPAY/NEUTER DEPOSIT $75.00 $265.00Remit to: MORENO VALLEY, CA FYTD:
GRAVES & KING, LLP 34159 07/11/2022 2205-0010379-02 $2,441.34 34249 07/25/2022 2205-0010227-01 $7,359.87
07/25/2022 2205-0010328-05
LEGAL SERVICES-CLAIM MV2013 (D. COLEMAN)
LEGAL SERVICES-CLAIM MV1908 (S. LATTIMORE)
LEGAL SERVICES-CLAIM MV2009 (D. MARIANO)
$97,746.76Remit to: RIVERSIDE, CA FYTD:
A.5.a
Packet Pg. 189
Attachment: JULY 2022 PAYMENT REGISTER (5932 : JULY PAYMENT REGISTER 2022) Vendor Name Check/EFT
Number
Payment
Date Inv Number Invoice Description
City of Moreno Valley
Payment Register
For Period 7/1/2022 through 7/31/2022
CHECKS UNDER $25,000
Payment Amount
GROUP C MEDIA INC. 34251 07/25/2022 33476 1/2 PAGE ADVERTISING-BUSINESS FACILITIES-ISSUE 7/1/22 $2,600.00 $7,800.00Remit to: RED BANK, NJ FYTD:
HINDERLITER DE LLAMAS &
ASSOCIATES
243791 07/05/2022 SIN017476 SALES TAX AUDIT SERVICES-SALES QTR 4 2021 $5,548.37 $99,182.11Remit to: BREA, CA FYTD:
HLP, INC. 34252 07/25/2022 21841 WEB LICENSE MONTHLY SVC FEE $65.10 $32,874.45Remit to: LITTLETON, CO FYTD:
HR GREEN PACIFIC INC. 34160 07/11/2022 152751 PLAN CHECK SVCS-PEN19-0157-LD $3,290.00 07/11/2022 152753 PLAN CHECK SVCS-TR37643-PEN18-0065-LD 07/11/2022 152752 PLAN CHECK SVCS-PEN18-0086-LD
$866,914.82Remit to: DES MOINES, IA FYTD:
HUNSAKER & ASSOCIATES
IRVINE, INC
34161 07/11/2022 22040336 PLAN CHECK SVCS-TR37725-PEN21-0206 $11,664.01 07/11/2022 22040354 PLAN CHECK SVCS-BRADSHAW MAJESTIC
$51,090.47Remit to: IRVINE, CA FYTD:
HUNT, JENNIFER 243847 07/11/2022 R22-165969 ANIMAL SERVICES REFUND-RETURN ADOPTION FEES $93.00 $93.00Remit to: MORENO VALLEY, CA FYTD:
IMEG CORP./FORMERLY TTG
ENGINEERS
34162 07/11/2022 20001409.00-6 HVAC SYSTEM REPLACEMENT-PUBLIC SAFETY BLDG. $504.80 $504.80Remit to: ROCK ISLAND, IL FYTD:
IMMI TAX SERVICES, LLC 34107 07/05/2022 2502 BACKGROUND CHECKS $130.00 $2,808.00Remit to: MORENO VALLEY, CA FYTD:
A.5.a
Packet Pg. 190
Attachment: JULY 2022 PAYMENT REGISTER (5932 : JULY PAYMENT REGISTER 2022) Vendor Name Check/EFT
Number
Payment
Date Inv Number Invoice Description
City of Moreno Valley
Payment Register
For Period 7/1/2022 through 7/31/2022
CHECKS UNDER $25,000
Payment Amount
INLAND EMPIRE ECONOMIC
PARTNRSHP
34253 07/25/2022 657610 ANNUAL MEMBERSHIP DUES 7/1/22-6/30/23 $7,500.00 $15,000.00Remit to: RIVERSIDE, CA FYTD:
INLAND EMPIRE PROPERTY
SERVICE, INC
34108 07/05/2022 2022204 NUISANCE ABATEMENT SVCS-292-032-011 $3,426.79 $163,860.19Remit to: MORENO VALLEY, CA FYTD:
INTERPRETERS UNLIMITED 34255 07/25/2022 316661 LANGUAGE INTERPRETATION SERVICES-PHONE-JUNE 2022 $66.75 $1,031.00Remit to: SAN DIEGO, CA FYTD:
ITRON, INC. 34163 07/11/2022 624428 AMI COLLECTORS SYSTEM $4,557.83 $467,531.21Remit to: LIBERTY LAKE, WA FYTD:
JTB SUPPLY CO., INC. 34109 07/05/2022 110212 TRAFFIC SIGNAL MAINT SUPPLIES $2,455.89 07/05/2022 110275 TRAFFIC SIGNAL MAINT SUPPLIES
$50,920.31Remit to: ORANGE, CA FYTD:
JUKEBOX PRODUCTIONS, LLC. 243782 07/01/2022 287 BAND PERFORMANCE FOR JULY 4TH FUNFEST EVENT ON 7/4/22 $3,000.00 $3,000.00Remit to: EAGLE, ID FYTD:
KEARNS, MICHAEL JOSEPH 243818 07/05/2022 MVA040019430 REFUND-PARKING CITATION - VIOLATION DISMISSED $230.00 $230.00Remit to: CARMICHAEL, CA FYTD:
KEYSER MARSTON ASSOCIATES,
INC.
34164 07/11/2022 0036958 PROFESSIONAL SVCS-COTTONWOOD APTS-JUNE 2022 $1,932.50 $2,472.50Remit to: SAN RAFAEL, CA FYTD:
A.5.a
Packet Pg. 191
Attachment: JULY 2022 PAYMENT REGISTER (5932 : JULY PAYMENT REGISTER 2022) Vendor Name Check/EFT
Number
Payment
Date Inv Number Invoice Description
City of Moreno Valley
Payment Register
For Period 7/1/2022 through 7/31/2022
CHECKS UNDER $25,000
Payment Amount
KID'S FOOT LOCKER #6771,
ATTN: TAX DEPT.
243907 07/25/2022 BL#03680-YR2022 REFUND OF OVERPAYMENT FOR BUSINESS LICENSE $1,662.21 $1,662.21Remit to: HARRISBURG, PA FYTD:
LACHAPELLE, GUY 243819 07/05/2022 MVA010023393 REFUND-PARKING CITATION - VIOLATION DISMISSED $57.50 $57.50Remit to: MORENO VALLEY, CA FYTD:
LATIN NATION BAND, LLC 243859 07/18/2022 070722 BAND PERFORMANCE-MOVAL ROCKS SUMMER CONCERT 7/7/22 $1,500.00 $3,000.00Remit to: COVINA, CA FYTD:
LEAGUE OF CALIFORNIA CITIES-
RIV CNTY DIV
243792 07/05/2022 2570 RIVERSIDE COUNTY DIVISION MEETING 5/09/22-M. BRAMLETTE, PIO
$40.00
$38,595.00Remit to: SACRAMENTO, CA FYTD:
LEAL, ANGEL ELENES 243877 07/18/2022 R22-166188 ANIMAL SERVICES REFUND-DUPLICATE LICENSE PAYMENT $15.00 $15.00Remit to: MORENO VALLEY, CA FYTD:
LEE, JUSTIN 243820 07/05/2022 MVA020053118 REFUND-PARKING CITATION - OVER PAYMENT $57.00 $57.00Remit to: MORGAN HILL, CA FYTD:
LEIVAS, INC. DBA. LEIVAS
LIGHTING
34110 07/05/2022 1011090 LANDSCAPE MAINT-ZONE M, E-7, 01, 02, & 03 $1,646.27 07/05/2022 1011053 LANDSCAPE MAINT-ZONE M, E-7, 01, 02, & 03 07/05/2022 1011054 LANDSCAPE MAINT-ZONE M, E-7, 01, 02, & 03 $67,085.78Remit to: RIVERSIDE, CA FYTD:
LENNAR 243848 07/11/2022 FAW22-0038 REFUND DUE TO INCORRECT PLAN SUBMITTAL $450.00 $450.00Remit to: CORONA, CA FYTD:
A.5.a
Packet Pg. 192
Attachment: JULY 2022 PAYMENT REGISTER (5932 : JULY PAYMENT REGISTER 2022) Vendor Name Check/EFT
Number
Payment
Date Inv Number Invoice Description
City of Moreno Valley
Payment Register
For Period 7/1/2022 through 7/31/2022
CHECKS UNDER $25,000
Payment Amount
LEXISNEXIS PRACTICE
MANAGEMENT
34165 07/11/2022 3093926604 LEGAL RESEARCH TOOLS-JUNE 2022 $883.20 $11,481.60Remit to: CHICAGO, IL FYTD:
LIBRARY SYSTEMS & SERVICES,
LLC
34256 07/25/2022 INV5985 LIBRARY GRANT-ZIP BOOKS-JUNE 2022 $19,788.89 07/25/2022 INV5986 LIBRARY CONTRACT SVCS & MATERIALS-CLLS-JUNE 2022 07/25/2022 INV5984 LIBRARY GRANT-CLSA E RESOURCES-JUNE 2022 07/25/2022 INV5983 LIBRARY GRANT-MOVAL STORIES-JUNE 2022 $2,474,484.53Remit to: ROCKVILLE, MD FYTD:
LOTTON, CLARA 243878 07/18/2022 R22-165640 ANIMAL SERVICES REFUND-SPAY/NEUTER DEPOSIT $75.00 $75.00Remit to: MORENO VALLEY, CA FYTD:
LUNDBERG, GEORGINA 34207 07/18/2022 5/26 - 6/22/22 MILEAGE REIMBURSEMENT $114.13 $328.01Remit to: MORENO VALLEY, CA FYTD:
LUTHERAN SOCIAL SERVICES OF
SOUTHERN CALIFORNIA
34166 07/11/2022 #6.1 / JUNE 2022 HOMELESS PREVENTION PROGRAM - JUNE 2022 $280.31 $12,004.57Remit to: SAN BERNARDINO, CA FYTD:
A.5.a
Packet Pg. 193
Attachment: JULY 2022 PAYMENT REGISTER (5932 : JULY PAYMENT REGISTER 2022) Vendor Name Check/EFT
Number
Payment
Date Inv Number Invoice Description
City of Moreno Valley
Payment Register
For Period 7/1/2022 through 7/31/2022
CHECKS UNDER $25,000
Payment Amount
LYONS SECURITY SERVICE, INC. 34167 07/11/2022 29679 SECURITY GUARD SVCS-ERC-MAY 2022 $23,684.39 07/11/2022 29757 SECURITY GUARD SVCS-CONF & REC CTR-JUNE 2022 07/11/2022 29506 SECURITY GUARD SVCS-SENIOR CENTER-MAR 2022 07/11/2022 29601 SECURITY GUARD SVCS-SENIOR CENTER-APRIL 2022 07/11/2022 29760 SECURITY GUARD SVCS-SENIOR CENTER-JUNE 2022 07/11/2022 29598 SECURITY GUARD SVCS-ERC-APRIL 2022
07/11/2022 29753 SECURITY GUARD SVCS-CITY HALL-JUNE 2022 07/11/2022 29755 SECURITY GUARD SVCS-COTTONWOOD SPECIAL EVENT 07/11/2022 29759 SECURITY GUARD SVCS-LIBRARY-JUNE 2022
07/11/2022 29758 SECURITY GUARD SVCS-ERC-JUNE 2022
07/11/2022 29597 SECURITY GUARD SVCS-CONF & REC CTR-APRIL 2022 07/11/2022 29681 SECURITY GUARD SVCS-SENIOR CENTER-MAY 2022 34257 07/25/2022 29761 SECURITY GUARD SVCS-TOWNGATE-JUNE 2022 $1,426.20 $296,591.05Remit to: ANAHEIM, CA FYTD:
MARIPOSA LANDSCAPES, INC. 34168 07/11/2022 97251 LANDSCAPE WORK-REPAIR OF VANDALIZED PLANTS/IRRIG.-VET.
MEMORIAL
$1,468.80
34258 07/25/2022 98263 LANDSCAPE MAINT.-UTILITY FIELD OFFICE-JUN. 2022 $699.76 07/25/2022 98269 LANDSCAPE MAINT.-KITCHING ELECTRIC SUBSTATION-JUN. 2022 07/25/2022 98259 LANDSCAPE MAINT.-MORENO BEACH ELECTRIC SUBSTATION- JUN. 2022
$783,331.60Remit to: IRWINDALE, CA FYTD:
MARTINEZ, KRISTEN 243879 07/18/2022 R22-166170 ANIMAL SERVICES REFUND-OVERPAYMENT ON WEB LICENSE $39.00 $39.00Remit to: MORENO VALLEY, CA FYTD:
MARTYNYUK, IVAN 243821 07/05/2022 MVP91573 REFUND-PARKING CITATION - VIOLATION DISMISSED $426.00 $426.00Remit to: ANTELOPE, CA FYTD:
A.5.a
Packet Pg. 194
Attachment: JULY 2022 PAYMENT REGISTER (5932 : JULY PAYMENT REGISTER 2022) Vendor Name Check/EFT
Number
Payment
Date Inv Number Invoice Description
City of Moreno Valley
Payment Register
For Period 7/1/2022 through 7/31/2022
CHECKS UNDER $25,000
Payment Amount
MCCLAIN, MELISSA 34169 07/11/2022 5/9/22 - 6/22/22 MILEAGE REIMBURSEMENT FOR BUSINESS MEETINGS & EVENTS $168.48 $6,203.70Remit to: MORENO VALLEY, CA FYTD:
MCGRATH RENTCORP AND
SUBSIDIARIES
34208 07/18/2022 300763174 TEMPORARY STORAGE UNIT RENTAL-CITY YARD 6/01-6/30/22 $181.65 $2,679.51Remit to: SAN FRANCISCO, CA FYTD:
MENDENHALL, DALE W. 34111 07/05/2022 7/10 - 7/12/22 TRAVEL PER DIEM & MILEAGE-2022 ESRI INTL. USER CONFERENCE $301.88 $301.88Remit to: MORENO VALLEY, CA FYTD:
MENGISTU, YESHIALEM 34209 07/18/2022 JUN. 2022 MILEAGE REIMBURSEMENT - JUNE 2022 $87.17 $1,862.92Remit to: MORENO VALLEY, CA FYTD:
MEYERS FOZI & DWORK, LLP 34210 07/18/2022 20913 LIABILITY CLAIM SERVICES-DEYO V. CITY #21-158110 $8,458.60 07/18/2022 20908 LIABILITY CLAIM SERVICES-WALLACE, G V. CITY #21-158207 07/18/2022 20909 LIABILITY CLAIM SERVICES-WALLACE, Y V. CITY #21-157779 $8,458.60Remit to: CARLSBAD, CA FYTD:
MICHAEL BAKER
INTERNATIONAL, INC
34170 07/11/2022 1150225 INDIAN ST CARDINAL BRIDGE PH 2 $3,378.75 $80,425.01Remit to: LOS ANGELES, CA FYTD:
MILLER, LARISSA 243880 07/18/2022 R22-165638 ANIMAL SERVICES REFUND-SPAY/NEUTER DEPOSIT $75.00 $75.00Remit to: MORENO VALLEY, CA FYTD:
MISSION LINEN SUPPLY, INC. 34112 07/05/2022 517284042 LINEN RENTAL SERVICES $100.19 34211 07/18/2022 517326547 LINEN RENTAL SERVICES $58.01 $3,315.42Remit to: SANTA BARBARA, CA FYTD:
A.5.a
Packet Pg. 195
Attachment: JULY 2022 PAYMENT REGISTER (5932 : JULY PAYMENT REGISTER 2022) Vendor Name Check/EFT
Number
Payment
Date Inv Number Invoice Description
City of Moreno Valley
Payment Register
For Period 7/1/2022 through 7/31/2022
CHECKS UNDER $25,000
Payment Amount
MOHAN, BRIAN 34171 07/11/2022 REIMB. 6/8/22 REIMBURSE PARKING & TRANSPORTATION COSTS DURING GFOA
CONFERENCE
$91.91
$1,550.56Remit to: MORENO VALLEY, CA FYTD:
MORAN, AMANDA 243822 07/05/2022 MVA020055191 REFUND-PARKING CITATION - VIOLATION DISMISSED $57.50 $57.50Remit to: RIVERSIDE, CA FYTD:
MORENO VALLEY COMMUNITY
VET CARE
34172 07/11/2022 JUN. 2022 VETERINARY SERVICES-MV ANIMAL SHELTER/JUNE 2022 $16,000.00 $48,000.00Remit to: MORENO VALLEY, CA FYTD:
MORENO VALLEY FRIENDS OF
THE LIBRARY
34212 07/18/2022 MAY 2022 PASS THROUGH FUNDS 5/1-5/31/22 $969.00 $10,581.25Remit to: MORENO VALLEY, CA FYTD:
MORENO VALLEY TOW &
RADIATOR
243839 07/11/2022 16276 EVIDENCE TOWING FOR PD $4,982.25 07/11/2022 16483 EVIDENCE TOWING FOR PD
07/11/2022 16367 EVIDENCE TOWING FOR PD
07/11/2022 16330 EVIDENCE TOWING FOR PD
07/11/2022 16453 EVIDENCE TOWING FOR PD
07/11/2022 16604 EVIDENCE TOWING FOR PD
07/11/2022 16713 EVIDENCE TOWING FOR PD
07/11/2022 15993 EVIDENCE TOWING FOR PD
07/11/2022 16426 EVIDENCE TOWING FOR PD
07/11/2022 15781 EVIDENCE TOWING FOR PD
07/11/2022 16366 EVIDENCE TOWING FOR PD
07/11/2022 16608 EVIDENCE TOWING FOR PD
$13,154.00Remit to: MORENO VALLEY, CA FYTD:
A.5.a
Packet Pg. 196
Attachment: JULY 2022 PAYMENT REGISTER (5932 : JULY PAYMENT REGISTER 2022) Vendor Name Check/EFT
Number
Payment
Date Inv Number Invoice Description
City of Moreno Valley
Payment Register
For Period 7/1/2022 through 7/31/2022
CHECKS UNDER $25,000
Payment Amount
MORENO VALLEY UNIFIED
SCHOOL DISTRICT
243899 07/25/2022 063022_ROW JUAN BAUTISTA DE ANZA TRAIL ATP 4_APN 482-512-020,-021 $11,300.00 $11,509.60Remit to: MORENO VALLEY, CA FYTD:
MTGL, INC 243892 07/25/2022 67191 801 0077 JUAN BAUTISTA TRAIL ATP 3 $416.00 $18,151.66Remit to: ANAHEIM, CA FYTD:
MULHOLLAND CONSULTING, INC. 243794 07/05/2022 1102 COTTONWOOD GOLF CTR. WATER MAINLINE REPLACEMENT
PROJECT SERVICES
$1,121.81
$6,849.00Remit to: ONTARIO, CA FYTD:
NATHAN, BULMER M 243823 07/05/2022 MVA050013798 REFUND-PARKING CITATION - VIOLATION DISMISSED $115.00 $115.00Remit to: GLENDALE, CA FYTD:
NBS GOVERNMENT FINANCE
GROUP
34113 07/05/2022 202206-0835 CONSULTING SERVICES-BOUNDARY MAP PREPARATION $400.00 34213 07/18/2022 202206-1407 CONSULTING SERVICES-BOUNDARY MAP PREPARATION $400.00 $16,400.00Remit to: TEMECULA, CA FYTD:
NEXTERA ENERGY CAPITAL
HOLDINGS INC.
243861 07/18/2022 727725 RENEWABLE ENERGY-MV UTILITY-JUN. 2022 $14,022.45 $369,344.70Remit to: JUNO BEACH, FL FYTD:
NGUYEN, CLEMENT BA DUONG 34114 07/05/2022 JUN. 2022 INSTRUCTOR SERVICES-VOVINAM MARTIAL ARTS CLASSES $431.40 $6,296.40Remit to: BEAUMONT, CA FYTD:
NOBLE INVESTMENTS, C/O
BERTHA STANTON
243908 07/25/2022 BL#21779-YR2022 REFUND OF OVERPAYMENT FOR BUSINESS LICENSE $65.00 $65.00Remit to: MORENO VALLEY, CA FYTD:
A.5.a
Packet Pg. 197
Attachment: JULY 2022 PAYMENT REGISTER (5932 : JULY PAYMENT REGISTER 2022) Vendor Name Check/EFT
Number
Payment
Date Inv Number Invoice Description
City of Moreno Valley
Payment Register
For Period 7/1/2022 through 7/31/2022
CHECKS UNDER $25,000
Payment Amount
NOLLAR, JANICE 243808 07/05/2022 7/10 - 7/13/22 TRAVEL PER DIEM, MILEAGE & PARKING-2022 ESRI INTL. USER CONF.
$508.13
$799.61Remit to: MORENO VALLEY, CA FYTD:
NPG INC, DBA GOLDSTAR
ASPHALT PRODUCTS
34115 07/05/2022 19013 ROAD AND HIGHWAY BUILDING MATERIALS-MAINT & OPS $266.68 34173 07/11/2022 19126 ROAD AND HIGHWAY BUILDING MATERIALS-MAINT & OPS $195.57 $21,418.55Remit to: PERRIS, CA FYTD:
OPERATION SAFEHOUSE, INC. 34214 07/18/2022 10 -MAR/APR 2022 CDBG SUBRECIPIENT PAYMENT-EMERGENCY SHELTER FOR
YOUTH PROGRAM
$2,184.00
34260 07/25/2022 11 -APR/MAY 2022 CDBG SUBRECIPIENT PAYMENT-EMERGENCY SHELTER FOR
YOUTH PROGRAM
$2,800.00
$16,506.65Remit to: RIVERSIDE, CA FYTD:
PACHECO, EDWIN 243909 07/25/2022 2002722.047 COTTONWOOD GOLF CTR. RENTAL REFUND $209.60 $209.60Remit to: MORENO VALLEY, CA FYTD:
PARSONS TRANSPORTATION
GROUP, INC.
34215 07/18/2022 2207B057 SR60/MORENO BEACH PH 2 $2,255.28 $59,299.72Remit to: IRVINE, CA FYTD:
PEPE'S TOWING 34216 07/18/2022 106126 EMERGENCY TOWING SERVICES FOR FLEET VEHICLE -STREET
SWEEPER
$350.00
$8,489.34Remit to: MORENO VALLEY, CA FYTD:
PERCEPTIVE ENTERPRISES, INC. 34175 07/11/2022 3769 PROFESSIONAL DBE/CPR CONSULTING SERVICES $7,014.00 $82,599.00Remit to: LOS ANGELES, CA FYTD:
A.5.a
Packet Pg. 198
Attachment: JULY 2022 PAYMENT REGISTER (5932 : JULY PAYMENT REGISTER 2022) Vendor Name Check/EFT
Number
Payment
Date Inv Number Invoice Description
City of Moreno Valley
Payment Register
For Period 7/1/2022 through 7/31/2022
CHECKS UNDER $25,000
Payment Amount
PGI - PACIFIC GRAPHICS, INC 34117 07/05/2022 45392 PRINTING & MAILING SERVICES-CSD PUBLIC HEARING NOTICES $4,200.10 $4,200.10Remit to: INDUSTRY, CA FYTD:
PINS & NEEDLES 243862 07/18/2022 14198 SHIRTS/SHORT&LONG SLEEVE -COMMUNITY
ENHANCEMENT/PARKING OFFICERS
$1,795.65
$3,931.80Remit to: HEMET, CA FYTD:
PRIORIT CONSULTING, LLC 34118 07/05/2022 PC 284 DEVELOPER SUPPORT SERVICES FOR GIS SERVER ENVIRONMENTS $1,800.00 $3,000.00Remit to: REDLANDS, CA FYTD:
PROCTER & GAMBLE 243849 07/11/2022 MVU 7013930-02 COMMERCIAL LED REBATE INCENTIVE $13,484.57 $13,484.57Remit to: MORENO VALLEY, CA FYTD:
PROFESSIONAL
COMMUNICATIONS NETWORK
PCN
243795 07/05/2022 220700425 LIVE ANSWERING SERVICE FOR ROTATIONAL TOW PROGRAM $558.23 $7,156.86Remit to: RIVERSIDE, CA FYTD:
PSOMAS 34176 07/11/2022 184822 JUAN BAUTISTA DE ANZA TRAIL ATP 2 $845.90 $29,082.65Remit to: LOS ANGELES, CA FYTD:
PTS COMMUNICATIONS INC 34218 07/18/2022 2087194 PAY PHONE SERVICES-JUN. 2022 $256.56 07/18/2022 2088790 PAY PHONE SERVICES-JUL. 2022
$641.40Remit to: SAN RAMON, CA FYTD:
PYRO SPECTACULARS, INC. 243893 07/25/2022 58007 BALANCE DUE FOR JULY 4, 2022 FIREWORKS DISPLAY $23,500.00 $70,500.00Remit to: RIALTO, CA FYTD:
A.5.a
Packet Pg. 199
Attachment: JULY 2022 PAYMENT REGISTER (5932 : JULY PAYMENT REGISTER 2022) Vendor Name Check/EFT
Number
Payment
Date Inv Number Invoice Description
City of Moreno Valley
Payment Register
For Period 7/1/2022 through 7/31/2022
CHECKS UNDER $25,000
Payment Amount
QUEZADA, BRISEYDA 243910 07/25/2022 R22-166441 ANIMAL SERVICES REFUND-OVERPAYMENT ON DISPOSAL FEES $30.00 $30.00Remit to: MORENO VALLEY, CA FYTD:
REGALADO, BLANCA E 34119 07/05/2022 JUN. 2022 INSTRUCTOR SERVICES-FOLKLORIC DANCE ADULT & YOUTH
CLASSES
$611.40
$6,132.75Remit to: MORENO VALLEY, CA FYTD:
REISH, BREANNE 243850 07/11/2022 R22-163871 ANIMAL SERVICES REFUND-SPAY/NEUTER AND RABIES DEPOSITS $95.00 $95.00Remit to: RIVERSIDE, CA FYTD:
RHYTHM TECH PRODUCTIONS 34120 07/05/2022 788 SOUND ENGINEER & AV TECH SERVICES - JUNETEENTH EVENT ON 6/18/22
$808.00
$82,616.91Remit to: CALIMESA, CA FYTD:
RISING STARS BUSINESS
ACADEMY
34121 07/05/2022 8006 CDBG-CV 19/20 - JOB TRAINING PROGRAM $6,833.20 07/05/2022 8005 CDBG-CV 19/20 - JOB TRAINING PROGRAM
$20,302.40Remit to: MORENO VALLEY, CA FYTD:
RIVERSIDE AREA RAPE CRISIS
CENTER
34219 07/18/2022 MAR2022-01 CDBG SUBGRANTEE PAYMENT-CHILD ABUSE PREVENTION
PROGRAM
$824.55
$10,960.60Remit to: RIVERSIDE, CA FYTD:
RIVERSIDE COUNTY ASSESSOR -
CLERK-RECORDER
243863 07/18/2022 BALANCE-3/31/22 RELEASES & OTHER DOCS RECORDED ON BEHALF OF PROP.
OWNERS - CODE
$379.00
$569.00Remit to: RIVERSIDE, CA FYTD:
A.5.a
Packet Pg. 200
Attachment: JULY 2022 PAYMENT REGISTER (5932 : JULY PAYMENT REGISTER 2022) Vendor Name Check/EFT
Number
Payment
Date Inv Number Invoice Description
City of Moreno Valley
Payment Register
For Period 7/1/2022 through 7/31/2022
CHECKS UNDER $25,000
Payment Amount
RIVERSIDE COUNTY HABITAT
CONSERVATION
243864 07/18/2022 2ND QTR 2022 STEPHEN'S KANGAROO RAT MITIGATION FEES FOR QTR ENDING 6/30/22
$4,495.00
$81,798.50Remit to: RIVERSIDE, CA FYTD:
RIVERSIDE COUNTY OFFICE OF
EDUCATION
243911 07/25/2022 2002744.047 CONFERENCE & REC. CTR RENTAL REFUND $524.10 243912 07/25/2022 2002745.047 CONFERENCE & REC. CTR RENTAL REFUND $524.10 $5,039.95Remit to: RIVERSIDE, CA FYTD:
RIVERSIDE COUNTY SHERIFF-PSEC
UNIT
243796 07/05/2022 PE0000000342 PSEC RADIO SUBSCRIPTIONS-OEM 4/1-4/30/22 $477.92 07/05/2022 PE0000000303 PSEC RADIO SUBSCRIPTIONS-OEM 3/1-3/31/22 07/05/2022 PE0000000367 PSEC RADIO SUBSCRIPTIONS-OEM 10/1/21-2/28/22 07/05/2022 PE0000000386 PSEC RADIO SUBSCRIPTIONS-OEM 5/1-5/31/22 243865 07/18/2022 PE0000000384 PSEC RADIO SUBSCRIPTIONS-CODE/PARKS 5/1-5/31/22 $1,477.44 07/18/2022 PE0000000385 PSEC RADIO SUBSCRIPTIONS-CODE/PARKS 5/1-5/31/22 07/18/2022 PE0000000341 PSEC RADIO SUBSCRIPTIONS-CODE/PARKS 4/1-4/30/22 07/18/2022 PE0000000302 PSEC RADIO SUBSCRIPTIONS-CODE/PARKS 3/1-3/31/22 07/18/2022 PE0000000301 PSEC RADIO SUBSCRIPTIONS-CODE/PARKS 3/1-3/31/22 07/18/2022 PE0000000366 PSEC RADIO SUBSCRIPTIONS-CODE/PARKS 10/1/21-02/28/22 $1,955.36Remit to: RIVERSIDE, CA FYTD:
ROADPOST USA INC DBA
BLUECOSMO
34122 07/05/2022 BU01455174 SATELLITE PHONE SERVICE PLAN-FIRE $245.24 $6,263.60Remit to: SEATTLE, WA FYTD:
A.5.a
Packet Pg. 201
Attachment: JULY 2022 PAYMENT REGISTER (5932 : JULY PAYMENT REGISTER 2022) Vendor Name Check/EFT
Number
Payment
Date Inv Number Invoice Description
City of Moreno Valley
Payment Register
For Period 7/1/2022 through 7/31/2022
CHECKS UNDER $25,000
Payment Amount
ROBERT HALF INTERNATIONAL,
INC.
34123 07/05/2022 60211907 ACCOUNTING TEMP. - W.E. 06/17/22 (R. SANCHEZ) $2,587.27 34178 07/11/2022 60255196 ACCOUNTING TEMP. - W.E. 06/24/22 (R. SANCHEZ) $1,478.44 34220 07/18/2022 60299797 ACCOUNTING TEMP. - W.E. 07/01/22 (R. SANCHEZ) $2,571.20 $19,523.66Remit to: LOS ANGELES, CA FYTD:
ROGERS, ANDERSON, MALODY &
SCOTT, LLP
34124 07/05/2022 70805 AUDIT SERVICES FOR FY ENDING 6/30/22 - MAY 2022 PROGRESS
BILLING
$15,735.00
07/05/2022 70818 PREPARATION OF FEDERAL & STATE FORMS EXEMPT ORG RETURNS FOR 2021
$96,045.00Remit to: SAN BERNARDINO, CA FYTD:
RSG, INC 34221 07/18/2022 I008944 AFFORDABLE HOUSING COMPLIANCE MONITORING SERVICES- JUN. 2022
$12,260.00
$67,823.65Remit to: IRVINE, CA FYTD:
SAENZ, KANDIE 243881 07/18/2022 R22-166285 ANIMAL SERVICES REFUND-OVERPAYMENT ON WEB LICENSE $13.00 $13.00Remit to: MORENO VALLEY, CA FYTD:
SAFEWAY SIGN CO. 34125 07/05/2022 18185 EI TRAFFIC SIGNS/HARDWARE $16,902.84 $64,839.12Remit to: ADELANTO, CA FYTD:
SALCIDO, ESPERANZA 243851 07/11/2022 R22-166069 ANIMAL SERVICES REFUND-RETURN ADOPTION FEES $65.00 $65.00Remit to: MORENO VALLEY, CA FYTD:
SALVATION ARMY 34222 07/18/2022 FY21/2 ESG-INV 5 ESG SUBRECIPIENT PAYMENT-STREET OUTREACH PROGRAM $15,467.40 07/18/2022 FY21/2 ESG-INV 4 ESG SUBRECIPIENT PAYMENT-STREET OUTREACH PROGRAM $452,220.48Remit to: MORENO VALLEY, CA FYTD:
A.5.a
Packet Pg. 202
Attachment: JULY 2022 PAYMENT REGISTER (5932 : JULY PAYMENT REGISTER 2022) Vendor Name Check/EFT
Number
Payment
Date Inv Number Invoice Description
City of Moreno Valley
Payment Register
For Period 7/1/2022 through 7/31/2022
CHECKS UNDER $25,000
Payment Amount
SANCHEZ, FREDDY 243824 07/05/2022 MVA040035678 REFUND-PARKING CITATION - VIOLATION DISMISSED $229.50 $229.50Remit to: KINGMAN, AZ FYTD:
SEARLE CREATIVE GROUP, LLC 34262 07/25/2022 21249 WEBSITE HOSTING & MAINTENANCE-APR. & MAY 2022 $4,346.24 07/25/2022 22117 WEBSITE HOSTING & MAINTENANCE-MAR. 2022 07/25/2022 22508 WEBSITE HOSTING & MAINTENANCE-JUN. 2022 $15,045.73Remit to: VENTURA, CA FYTD:
SECURITY SIGNAL DEVICES, INC.
DBA SSD ALARM
34179 07/11/2022 R-00374134 ALARM SYSTEM SERVICES FOR MOVAL & KITCHING SUBSTATIONS-JUL. 2022
$464.85
34263 07/25/2022 R-00381973 ALARM SYSTEM SERVICES FOR MOVAL & KITCHING SUBSTATIONS-AUG. 2022
$464.85
$6,507.90Remit to: ANAHEIM, CA FYTD:
SINGH, DHARAM 243825 07/05/2022 MVA050027028 REFUND-PARKING CITATION - OVER PAYMENT $57.00 $57.00Remit to: MORENO VALLEY, CA FYTD:
SOTO ENTERTAINEMT GROUP 243781 07/01/2022 MORENOVAL220704 BAND PERFORMANCE FOR JULY 4TH FUNFEST EVENT ON 7/4/22 $3,000.00 $3,000.00Remit to: SANTA FE SPRINGS, CA FYTD:
SOUTH COAST AIR QUALITY
MANAGEMENT DISTRICT
243840 07/11/2022 4006776 ANNUAL RENEWAL FEES INVOICE-CITY YARD $911.02 07/11/2022 4006781 ANNUAL RENEWAL FEES INVOICE-CITY HALL 07/11/2022 4009092 EMISSIONS FEE INVOICE-CITY HALL
07/11/2022 4009064 EMISSIONS FEE INVOICE-CITY YARD
$7,269.25Remit to: DIAMOND BAR, CA FYTD:
SOUTHERN CALIFORNIA EDISON 243797 07/05/2022 JUN-22 7/5/22 ELECTRICITY CHARGES $5,061.27 $2,270,220.00Remit to: ROSEMEAD, CA FYTD:
A.5.a
Packet Pg. 203
Attachment: JULY 2022 PAYMENT REGISTER (5932 : JULY PAYMENT REGISTER 2022) Vendor Name Check/EFT
Number
Payment
Date Inv Number Invoice Description
City of Moreno Valley
Payment Register
For Period 7/1/2022 through 7/31/2022
CHECKS UNDER $25,000
Payment Amount
SOUTHERN CALIFORNIA GAS CO. 243867 07/18/2022 JUN-2022 GAS CHARGES $7,945.68 $136,008.95Remit to: MONTEREY PARK, CA FYTD:
SOUTHWEST POWER POOL, INC. 34264 07/25/2022 WIUFMP352PY27 PLAN YR 27 BILLING - MV UTILITY SHARE $333.60 $590.30Remit to: LITTLE ROCK, AR FYTD:
SPARKLETTS 34126 07/05/2022 6435574 061022 BOTTLED WATER SERVICE FOR CITY YARD $316.44 $1,749.97Remit to: DALLAS, TX FYTD:
A.5.a
Packet Pg. 204
Attachment: JULY 2022 PAYMENT REGISTER (5932 : JULY PAYMENT REGISTER 2022) Vendor Name Check/EFT
Number
Payment
Date Inv Number Invoice Description
City of Moreno Valley
Payment Register
For Period 7/1/2022 through 7/31/2022
CHECKS UNDER $25,000
Payment Amount
STANLEY CONVERGENT SECURITY
SOLUTIONS, INC
34127 07/05/2022 6002136012 ALARM SYSTEM MONITORING-SUNNYMEAD PARK SNACK BAR/MAR-MAY 2022
$906.36
07/05/2022 6001526458 ALARM SYSTEM MONITORING-SUNNYMEAD PARK SNACK BAR/JUN-AUG 2021
07/05/2022 6001746454 ALARM SYSTEM MONITORING-SUNNYMEAD PARK SNACK BAR/SEP-NOV 2021
07/05/2022 6001912008 ALARM SYSTEM MONITORING-SUNNYMEAD PARK SNACK BAR/DEC2021-FEB2022
A.5.a
Packet Pg. 205
Attachment: JULY 2022 PAYMENT REGISTER (5932 : JULY PAYMENT REGISTER 2022) Vendor Name Check/EFT
Number
Payment
Date Inv Number Invoice Description
City of Moreno Valley
Payment Register
For Period 7/1/2022 through 7/31/2022
CHECKS UNDER $25,000
Payment Amount
STANLEY CONVERGENT SECURITY
SOLUTIONS, INC
34181 07/11/2022 6001924870 ALARM SYSTEM MONITORING-IRIS PLAZA LIBRARY/DEC21-FEB22 $14,672.58 07/11/2022 6001939492 ALARM SYSTEM MONITORING-EMPL. RESOURCE CENTER/DEC. 2021
07/11/2022 6001923514 ALARM SYSTEM MONITORING-CY SANTIAGO OFFICE BURG.
ALARM/DEC-FEB22
07/11/2022 6001922490 ALARM SYSTEM MONITORING-CITY YARD & TRANSP.
TRAILER/DEC21-FEB22
07/11/2022 6002146596 ALARM SYSTEM MONITORING-EOC/MAR. 2022 07/11/2022 6001945348 ALARM SYSTEM MONITORING-EOC/DEC. 2021 07/11/2022 6002008542 ALARM SYSTEM MONITORING-EOC/JAN. 2022 07/11/2022 6002019727 ALARM SYSTEM MONITORING-PUBLIC SAFETY BUILDING/JAN- MAR 2022
07/11/2022 6001988863 ALARM SYSTEM MONITORING-EMPL. RESOURCE CENTER/JAN. 2022
07/11/2022 6002020720 ALARM SYSTEM MONITORING-ANNEX 1, TOWNGATE CTR & CRC/JAN-MAR 2022
07/11/2022 6002260886 ALARM SYSTEM MONITORING-EOC/APR. 2022 07/11/2022 6002086477 ALARM SYSTEM MONITORING-LIBRARY/FEB-APR 2022 07/11/2022 6002087232 ALARM SYSTEM MONITORING-VAL VERDE (RED MAPLE) CC/FEB- APR 2022
07/11/2022 6002085918 ALARM SYSTEM MONITORING-COTTONWOOD GOLF CENTER/FEB- APR 2022
07/11/2022 6002021678 ALARM SYSTEM MONITORING-SUNNYMEAD MID. SCHOOL- THINK/JAN-MAR 2022
07/11/2022 6002078239 ALARM SYSTEM MONITORING-MARCH FIELD PARK ANNEX/JAN- MAR 2022
07/11/2022 6002073689 ALARM SYSTEM MONITORING-EMPL. RESOURCE CENTER/FEB. 2022
07/11/2022 6002025425 ALARM SYSTEM MONITORING-MARCH FIELD PARK COMMUNITY CTR/JAN-MAR22
A.5.a
Packet Pg. 206
Attachment: JULY 2022 PAYMENT REGISTER (5932 : JULY PAYMENT REGISTER 2022) Vendor Name Check/EFT
Number
Payment
Date Inv Number Invoice Description
City of Moreno Valley
Payment Register
For Period 7/1/2022 through 7/31/2022
CHECKS UNDER $25,000
Payment Amount
STANLEY CONVERGENT SECURITY
SOLUTIONS, INC
34181 07/11/2022 6002024605 ALARM SYSTEM MONITORING-CY SANTIAGO OFFICE FIRE ALARM/JAN-MAR 22
07/11/2022 6002087041 ALARM SYSTEM MONITORING-RAINBOW RIDGE CHILDCARE/FEB- APR 2022
07/11/2022 6002195052 ALARM SYSTEM MONITORING-CITY YARD & TRANSP.
TRAILER/MAR-MAY 2022
07/11/2022 6002083692 ALARM SYSTEM MONITORING-ANNEX 1 FIRE ALARM/FEB-APR 2022
07/11/2022 6002101538 ALARM SYSTEM MONITORING-EOC/FEB. 2022 07/11/2022 6002102673 ALARM SYSTEM MONITORING-FIRE STATIONS/FEB. 2022 07/11/2022 6002124135 ALARM SYSTEM MONITORING-IRIS PLAZA LIBRARY/MAR-MAY 2022
07/11/2022 6002138926 ALARM SYSTEM MONITORING-ANIMAL SHELTER & SENIOR CTR/MAR-MAY 2022
07/11/2022 6002271347 ALARM SYSTEM MONITORING-EMPL. RESOURCE CENTER/APR. 2022
07/11/2022 6002286545 ALARM SYSTEM MONITORING-MARCH FIELD PARK COMMUNITY CTR/APR-JUN22
07/11/2022 6002156028 ALARM SYSTEM MONITORING-FIRE STATIONS/MAR. 2022 07/11/2022 6002097890-CH ALARM SYSTEM MONITORING-CITY HALL/FEB-APR 2022 07/11/2022 6002268690 ALARM SYSTEM MONITORING-FIRE STATIONS/APR. 2022 07/11/2022 6002138129 ALARM SYSTEM MONITORING-CY SANTIAGO OFFICE BURG.
ALARM/MAR-MAY22
07/11/2022 6001921361 ALARM SYSTEM MONITORING-ANIMAL SHELTER & SENIOR CTR/DEC21-FEB22
07/11/2022 6002443571 ALARM SYSTEM MONITORING-FIRE STATIONS/JUN. 2022 07/11/2022 6002441114 ALARM SYSTEM MONITORING-EMPL. RESOURCE CENTER/JUN. 2022
07/11/2022 6002361617 ALARM SYSTEM MONITORING-EOC/MAY 2022 07/11/2022 6002360933 ALARM SYSTEM MONITORING-EMPL. RESOURCE CENTER/MAY 2022
A.5.a
Packet Pg. 207
Attachment: JULY 2022 PAYMENT REGISTER (5932 : JULY PAYMENT REGISTER 2022) Vendor Name Check/EFT
Number
Payment
Date Inv Number Invoice Description
City of Moreno Valley
Payment Register
For Period 7/1/2022 through 7/31/2022
CHECKS UNDER $25,000
Payment Amount
STANLEY CONVERGENT SECURITY
SOLUTIONS, INC
34181 07/11/2022 6002349392 ALARM SYSTEM MONITORING-FIRE STATIONS/MAY 2022 07/11/2022 6002327317 ALARM SYSTEM MONITORING-MARCH FIELD PARK ANNEX/APR- JUN 2022
07/11/2022 6002153465 ALARM SYSTEM MONITORING-EMPL. RESOURCE CENTER/MAR. 2022
34265 07/25/2022 6002421219 ALARM SYSTEM MONITORING-SUNNYMEAD PARK SNACK BAR/JUN-AUG 2022
$236.58
$58,354.56Remit to: PALATINE, IL FYTD:
STATE OF CALIFORNIA DEPT. OF
JUSTICE
243799 07/05/2022 588007 BLOOD ALCOHOL ANALYSIS SERVICES FOR PD-MAY 2022 $525.00 07/05/2022 588060 BLOOD ALCOHOL ANALYSIS SERVICES FOR PD-MAR22
CORRECTIONS/REBILL
243868 07/18/2022 590139 LIVE SCAN FINGERPRINTING APPS FOR PD-JUN. 2022 $32.00 243895 07/25/2022 588982 BLOOD ALCOHOL ANALYSIS SERVICES FOR PD-APR22
CORRECTIONS/REBILL
$1,015.00
07/25/2022 588927 BLOOD ALCOHOL ANALYSIS SERVICES FOR PD-JUN. 2022 $25,041.00Remit to: SACRAMENTO, CA FYTD:
STEVEN PERRY PROFESSIONAL
PHOTOGRAPHY
34225 07/18/2022 22025.1 PHOTOGRAPHY SERVICES 05/23/22 -GOOGLE ST. VIEW EL
POTRERO PARK
$337.50
$12,878.80Remit to: MORENO VALLEY, CA FYTD:
STRADLING, YOCCA, CARLSON &
RAUTH
34226 07/18/2022 387506-0006 LEGAL SERVICES-RANCHO BELAGO: PHASE 2 COTTONWOOD MATTER-MAY 2022
$16,325.00
$40,259.80Remit to: NEWPORT BEACH, CA FYTD:
A.5.a
Packet Pg. 208
Attachment: JULY 2022 PAYMENT REGISTER (5932 : JULY PAYMENT REGISTER 2022) Vendor Name Check/EFT
Number
Payment
Date Inv Number Invoice Description
City of Moreno Valley
Payment Register
For Period 7/1/2022 through 7/31/2022
CHECKS UNDER $25,000
Payment Amount
SUNNYMEAD ACE HARDWARE 243800 07/05/2022 95109 MISC SUPPLIES FOR FIRE STATION 48 $111.04 07/05/2022 94962 MISC SUPPLIES FOR FIRE STATION 48
07/05/2022 95245 MISC SUPPLIES FOR FIRE STATION 99
$3,535.78Remit to: MORENO VALLEY, CA FYTD:
TABANICO, RICARDO 243852 07/11/2022 R22-165745 ANIMAL SERVICES REFUND-RABIES DEPOSIT $20.00 $20.00Remit to: MORENO VALLEY, CA FYTD:
TEAMCALIFORNIA ECONOMIC
DEVELOPMENT CORPORATION
34266 07/25/2022 2823 MEMBERSHIP/TRADESHOW SPONSORSHIPS $5,500.00 $5,500.00Remit to: CORONA, CA FYTD:
TERRONES, DIANA 243913 07/25/2022 2002743.047 CONFERENCE & REC. CTR RENTAL REFUND $314.50 $314.50Remit to: MORENO VALLEY, CA FYTD:
THE ADVANTAGE GROUP/ FLEX
ADVANTAGE
34227 07/18/2022 143973 FLEX AND COBRA ADMIN FEES-JUNE 2022 $1,424.45 $650,535.15Remit to: TEMECULA, CA FYTD:
THE CODE GROUP, INC. DBA VCA
CODE
34183 07/11/2022 81202 PLAN CHECK/INSPECTIONS/PERMIT TECH SERVICES $4,203.00 34268 07/25/2022 81229 PLAN CHECK/INSPECTIONS/PERMIT TECH SERVICES $3,945.00 $37,115.70Remit to: ORANGE, CA FYTD:
THE MCCLEMMY COMPANIES,
INC OR BARBARA COHEN OR
243914 07/25/2022 PSN21-0040 REFUND OF REMAINING FUNDS - SPRA TRUST ACCOUNT $228.00 $228.00Remit to: LOS ANGELES, CA FYTD:
A.5.a
Packet Pg. 209
Attachment: JULY 2022 PAYMENT REGISTER (5932 : JULY PAYMENT REGISTER 2022) Vendor Name Check/EFT
Number
Payment
Date Inv Number Invoice Description
City of Moreno Valley
Payment Register
For Period 7/1/2022 through 7/31/2022
CHECKS UNDER $25,000
Payment Amount
THOMPSON COBURN LLP 34228 07/18/2022 3551560 LEGAL SERVICES-MVU/RELIABILITY STANDARD COMPLIANCE/MAY 2022
$66.35
34269 07/25/2022 3554394 LEGAL SERVICES-MVU/RELIABILITY STANDARD COMPLIANCE/JUN. 2022
$31.27
$1,030.53Remit to: WASHINGTON, DC FYTD:
THOMSON REUTERS-WEST
PUBLISHING CORP.
34229 07/18/2022 846628975 AUTO TRACK SERVICES FOR PD INVESTIGATIONS-JUN. 2022 $1,295.14 $15,989.52Remit to: CAROL STREAM, IL FYTD:
TIME WARNER CABLE 243897 07/25/2022 091922301070122 FIBER INTERNET ACCESS SERVICES - JUL. 2022 $844.00 $18,326.00Remit to: PITTSBURGH, PA FYTD:
TIRADO, BIANCA 243882 07/18/2022 R22-163990 ANIMAL SERVICES REFUND-RABIES DEPOSIT $20.00 243915 07/25/2022 R22-163990 ANIMAL SERVICES REFUND-SPAY/NEUTER DEPOSIT $75.00 $95.00Remit to: PERRIS, CA FYTD:
TITAN RENTAL GROUP, INC. 243801 07/05/2022 RES# 44076-FINAL RENTAL OF WOODEN BENCHES, TABLES, ETC - JUNETEENTH EVENT 6/18/22
$590.20
$14,098.00Remit to: MORENO VALLEY, CA FYTD:
TKE ENGINEERING INC 243870 07/18/2022 2022-5020 PROPERTY DISPOSITION ADMINISTRATIVE SERVICES-APR. 2022 $1,842.50 243898 07/25/2022 2022-5031 PROPERTY DISPOSITION ADMINISTRATIVE SERVICES-JUN. 2022 $2,312.50 07/25/2022 2022-5024 PROPERTY DISPOSITION ADMINISTRATIVE SERVICES-MAY 2022 $282,421.21Remit to: RIVERSIDE, CA FYTD:
A.5.a
Packet Pg. 210
Attachment: JULY 2022 PAYMENT REGISTER (5932 : JULY PAYMENT REGISTER 2022) Vendor Name Check/EFT
Number
Payment
Date Inv Number Invoice Description
City of Moreno Valley
Payment Register
For Period 7/1/2022 through 7/31/2022
CHECKS UNDER $25,000
Payment Amount
T-MOBILE USA, INC. 243842 07/11/2022 9487573235 CELLULAR TECHNOLOGY EXTRACTION/LOCATOR SERVICES FOR PD $1,490.00 243869 07/18/2022 9497112826 CELLULAR TECHNOLOGY EXTRACTION/LOCATOR SERVICES FOR PD $995.00 07/18/2022 9496451911 CELLULAR TECHNOLOGY EXTRACTION/LOCATOR SERVICES FOR PD 07/18/2022 9497782265 CELLULAR TECHNOLOGY EXTRACTION/LOCATOR SERVICES FOR PD $14,173.00Remit to: SEATTLE, WA FYTD:
TOUCH OF SOUL 34129 07/05/2022 JUN. 2022 INSTRUCTOR SERVICES - SOUL LINE DANCING CLASS $283.80 $1,442.40Remit to: MORENO VALLEY, CA FYTD:
TOWNSEND PUBLIC AFFAIRS, INC. 34130 07/05/2022 18508 CONSULTING SERVICES-LOBBYIST/ADVOCATE & GRANT WRITING- JUN. 2022
$4,000.00
$44,000.00Remit to: NEWPORT BEACH, CA FYTD:
TRB AND ASSOCIATES 34185 07/11/2022 4271 PLAN REVIEW & INSPECTION SERVICES FOR BLDG. & SAFETY DEPT.-MAY22
$4,295.90
34270 07/25/2022 4314 PLAN REVIEW & INSPECTION SERVICES FOR BLDG. & SAFETY DEPT.-JUN22
$1,457.40
$48,371.40Remit to: SAN RAMON, CA FYTD:
TRINITY DIVERSIFIED, INC. 243802 07/05/2022 8416 PARTS/SUPPLIES FOR STRIPING & STENCIL TRUCKS $612.82 $2,999.55Remit to: GARDENA, CA FYTD:
TSG ENTERPRISES, INC. DBA THE
SOLIS GROUP
34230 07/18/2022 8931 $4,488.00
07/18/2022 8930
SR60/MORENO BEACH PH 2
PAVEMENT REHAB FOR VARIOUS STS FY20/21
$67,893.00Remit to: PASADENA, CA FYTD:
U.S. BANK NA 34231 07/18/2022 13288311 INVESTMENT CUSTODIAL SERVICES-MAY 2022 $935.00 $40,007,185.00Remit to: ST. PAUL, MN FYTD:
A.5.a
Packet Pg. 211
Attachment: JULY 2022 PAYMENT REGISTER (5932 : JULY PAYMENT REGISTER 2022) Vendor Name Check/EFT
Number
Payment
Date Inv Number Invoice Description
City of Moreno Valley
Payment Register
For Period 7/1/2022 through 7/31/2022
CHECKS UNDER $25,000
Payment Amount
U.S. POSTAL SERVICE 243872 07/18/2022 FALL/WINTER 2022 PERMIT #153-DEPOSIT FOR POSTAGE TO MAIL RECREATION GUIDES
$10,000.00
243916 07/25/2022 2002747.047 CONFERENCE & REC. CTR RENTAL REFUND $436.05 $50,369.62Remit to: MORENO VALLEY, CA FYTD:
UCR FORECAST LLC 34271 07/25/2022 1940 2022 HISTORICAL EMPLOYMENT REPORT-INVOICE 1 OF 2 $5,000.00 $5,000.00Remit to: MILL VALLEY, CA FYTD:
UHAUL COMPANY OF ARIZONA 243826 07/05/2022 MVA050026006 REFUND-PARKING CITATION - OVER PAYMENT $57.50 243827 07/05/2022 MVA020052404 REFUND-PARKING CITATION - OVER PAYMENT $115.00 $172.50Remit to: PHOENIX, AZ FYTD:
ULTRASERV AUTOMATED
SERVICES, LLC
34186 07/11/2022 259310 COFFEE SERVICE SUPPLIES-CONFERENCE & REC. CENTER $932.55 07/11/2022 259299 COFFEE SERVICE SUPPLIES-CITY HALL/BREAK ROOM LOCATION 07/11/2022 259306 COFFEE SERVICE SUPPLIES-ANNEX 1
07/11/2022 259550 COFFEE SERVICE SUPPLIES-CITY HALL/BREAK ROOM LOCATION 07/11/2022 259491 COFFEE SERVICE SUPPLIES-CITY HALL/PUBLIC WORKS LOCATION $12,365.38Remit to: COSTA MESA, CA FYTD:
A.5.a
Packet Pg. 212
Attachment: JULY 2022 PAYMENT REGISTER (5932 : JULY PAYMENT REGISTER 2022) Vendor Name Check/EFT
Number
Payment
Date Inv Number Invoice Description
City of Moreno Valley
Payment Register
For Period 7/1/2022 through 7/31/2022
CHECKS UNDER $25,000
Payment Amount
UNDERGROUND SERVICE ALERT
OF SOUTHERN CALIFORNIA
34132 07/05/2022 520220465 (a) DIGALERT TICKETS SUBSCRIPTION SERVICE-MAY 2022 $292.15 07/05/2022 520220465 (c) DIGALERT TICKETS SUBSCRIPTION SERVICE-MAY 2022 07/05/2022 520220465 (d) DIGALERT TICKETS SUBSCRIPTION SERVICE-MAY 2022 07/05/2022 520220465 (b) DIGALERT TICKETS SUBSCRIPTION SERVICE-MAY 2022 243803 07/05/2022 dsb20211405 (a) CA STATE FEE FOR REGULATORY COSTS TO SAFE EXCAVATION BOARD
$92.14
07/05/2022 dsb20211405 (d) CA STATE FEE FOR REGULATORY COSTS TO SAFE EXCAVATION BOARD
07/05/2022 dsb20211405 (c) CA STATE FEE FOR REGULATORY COSTS TO SAFE EXCAVATION BOARD
07/05/2022 dsb20211405 (b) CA STATE FEE FOR REGULATORY COSTS TO SAFE EXCAVATION BOARD
$4,283.04Remit to: CORONA, CA FYTD:
UNITED ROTARY BRUSH CORP 34272 07/25/2022 CI285875 STREET SWEEPER BRUSHES & ACCESSORIES $9,956.70 07/25/2022 CI265787 STREET SWEEPER BRUSHES & ACCESSORIES 07/25/2022 CI285232 STREET SWEEPER BRUSHES & ACCESSORIES 07/25/2022 CI284943 STREET SWEEPER BRUSHES & ACCESSORIES 07/25/2022 CI261995 STREET SWEEPER BRUSHES & ACCESSORIES 07/25/2022 CI262298 STREET SWEEPER BRUSHES & ACCESSORIES 07/25/2022 CI262873 STREET SWEEPER BRUSHES & ACCESSORIES 07/25/2022 CI265788 STREET SWEEPER BRUSHES & ACCESSORIES 07/25/2022 CI273229 STREET SWEEPER BRUSHES & ACCESSORIES 07/25/2022 CI267500 STREET SWEEPER BRUSHES & ACCESSORIES 07/25/2022 CI285548 STREET SWEEPER BRUSHES & ACCESSORIES 07/25/2022 CI270832 STREET SWEEPER BRUSHES & ACCESSORIES 07/25/2022 CI263240 STREET SWEEPER BRUSHES & ACCESSORIES $59,505.34Remit to: DALLAS, TX FYTD:
A.5.a
Packet Pg. 213
Attachment: JULY 2022 PAYMENT REGISTER (5932 : JULY PAYMENT REGISTER 2022) Vendor Name Check/EFT
Number
Payment
Date Inv Number Invoice Description
City of Moreno Valley
Payment Register
For Period 7/1/2022 through 7/31/2022
CHECKS UNDER $25,000
Payment Amount
VACATE TERMITE & PEST
ELIMINATION COMPANY
34187 07/11/2022 110743 ANNUAL TERMITE INSPECTION-FIRE STATION 6 $445.00 07/11/2022 114348 MOSQUITO ABATEMENT SERVICE-PUBLIC SAFETY BLDG. 07/11/2022 111082 ANNUAL TERMITE INSPECTION-FIRE STATION 65 07/11/2022 111311 ANNUAL TERMITE INSPECTION-MAIN LIBRARY
A.5.a
Packet Pg. 214
Attachment: JULY 2022 PAYMENT REGISTER (5932 : JULY PAYMENT REGISTER 2022) Vendor Name Check/EFT
Number
Payment
Date Inv Number Invoice Description
City of Moreno Valley
Payment Register
For Period 7/1/2022 through 7/31/2022
CHECKS UNDER $25,000
Payment Amount
VACATE TERMITE & PEST
ELIMINATION COMPANY
34273 07/25/2022 117175 PEST CONTROL SERVICE-MAY 2022-EOC $1,160.00 07/25/2022 116840 PEST CONTROL SERVICE-MAY 2022-FIRE STATION 2 07/25/2022 116846 PEST CONTROL SERVICE-MAY 2022-FIRE STATION 6 07/25/2022 116970 PEST CONTROL SERVICE-MAY 2022-LIBRARY 07/25/2022 116836 PEST CONTROL SERVICE-MAY 2022-FIRE STATION 58 07/25/2022 116972 PEST CONTROL SERVICE-MAY 2022-SENIOR CENTER 07/25/2022 116831 PEST CONTROL SERVICE-MAY 2022-FIRE STATION 99 07/25/2022 116853 PEST CONTROL SERVICE-MAY 2022-FIRE STATION 65 07/25/2022 116963 PEST CONTROL SERVICE-MAY 2022-TOWNGATE COMMUNITY CENTER
07/25/2022 116964 PEST CONTROL SERVICE-MAY 2022-CITY YARD 07/25/2022 116844 PEST CONTROL SERVICE-MAY 2022-FIRE STATION 48 07/25/2022 117183 PEST CONTROL SERVICE-MAY 2022-CITY HALL 07/25/2022 116966 PEST CONTROL SERVICE-MAY 2022-MARCH FIELD PARK COMMUNITY CTR.
07/25/2022 116967 PEST CONTROL SERVICE-MAY 2022-TRANSPORTATION TRAILER 07/25/2022 116968 PEST CONTROL SERVICE-MAY 2022-CITY YARD SANTIAGO OFFICE 07/25/2022 117301 PEST CONTROL SERVICE-MAY 2022-FIRE STATION 58 (SECOND SVC)
07/25/2022 117182 PEST CONTROL SERVICE-MAY 2022-ANIMAL SHELTER 07/25/2022 117177 PEST CONTROL SERVICE-MAY 2022-PUBLIC SAFETY BUILDING 07/25/2022 116965 PEST CONTROL SERVICE-MAY 2022-MARCH ANNEX 07/25/2022 117174 PEST CONTROL SERVICE-MAY 2022-ANNEX 1 07/25/2022 116829 PEST CONTROL SERVICE-MAY 2022-FIRE STATION 91 07/25/2022 117172 PEST CONTROL SERVICE-MAY 2022-COTTONWOOD GOLF CENTER 07/25/2022 117173 PEST CONTROL SERVICE-MAY 2022-CONFERENCE & REC. CENTER $24,500.00Remit to: MORENO VALLEY, CA FYTD:
A.5.a
Packet Pg. 215
Attachment: JULY 2022 PAYMENT REGISTER (5932 : JULY PAYMENT REGISTER 2022) Vendor Name Check/EFT
Number
Payment
Date Inv Number Invoice Description
City of Moreno Valley
Payment Register
For Period 7/1/2022 through 7/31/2022
CHECKS UNDER $25,000
Payment Amount
VALLEY WIDE TOWING, LLC 34188 07/11/2022 11844 EVIDENCE TOWING FOR PD $2,457.00 07/11/2022 11940 EVIDENCE TOWING FOR PD
07/11/2022 11739 EVIDENCE TOWING FOR PD
07/11/2022 11939 EVIDENCE TOWING FOR PD
07/11/2022 22-11782 EVIDENCE TOWING FOR PD
$12,852.75Remit to: MORENO VALLEY, CA FYTD:
VANUS, SUSAN 243917 07/25/2022 R22-165379 ANIMAL SERVICES REFUND-SPAY/NEUTER AND RABIES DEPOSITS $95.00 $95.00Remit to: RIVERSIDE, CA FYTD:
VERIZON WIRELESS 243804 07/05/2022 9908512431 DATA CHARGES FOR CELLULAR SERVICE FOR PD DEVICES $529.64 $5,073.17Remit to: DALLAS, TX FYTD:
VISION SERVICE PLAN 34232 07/18/2022 815430058 EMPLOYEE VISION INSURANCE $3,155.08 $44,065.65Remit to: SAN FRANCISCO, CA FYTD:
VOICES FOR CHILDREN, INC. 34233 07/18/2022 9 / MAR-22 CDBG SUBRECIPIENT PAYMENT-COURT APPTD. SPECIAL
ADVOCATE PROGRAM
$3,015.57
$22,144.85Remit to: SAN DIEGO, CA FYTD:
VOYAGER FLEET SYSTEM, INC. 34189 07/11/2022 8692116152222 CNG FUEL PURCHASES $9,580.93 34190 07/11/2022 8693366022222 FUEL CARD CHARGES-PD TRAFFIC MOTORS $2,820.03 34274 07/25/2022 8692116152226 CNG FUEL PURCHASES $11,455.47 $138,984.97Remit to: HOUSTON, TX FYTD:
A.5.a
Packet Pg. 216
Attachment: JULY 2022 PAYMENT REGISTER (5932 : JULY PAYMENT REGISTER 2022) Vendor Name Check/EFT
Number
Payment
Date Inv Number Invoice Description
City of Moreno Valley
Payment Register
For Period 7/1/2022 through 7/31/2022
CHECKS UNDER $25,000
Payment Amount
VULCAN MATERIALS CO, INC. 34133 07/05/2022 73314334 ASPHALTIC/CRACK SEAL MATERIALS $976.13 07/05/2022 73310103 ASPHALTIC/CRACK SEAL MATERIALS
07/05/2022 73307643 ASPHALTIC/CRACK SEAL MATERIALS
07/05/2022 73316856 ASPHALTIC/CRACK SEAL MATERIALS
07/05/2022 73312614 ASPHALTIC/CRACK SEAL MATERIALS
07/05/2022 73305699 ASPHALTIC/CRACK SEAL MATERIALS
07/05/2022 73316855 ASPHALTIC/CRACK SEAL MATERIALS
07/05/2022 73319405 ASPHALTIC/CRACK SEAL MATERIALS
07/05/2022 73310104 ASPHALTIC/CRACK SEAL MATERIALS
07/05/2022 73321270 ASPHALTIC/CRACK SEAL MATERIALS
34191 07/11/2022 73270190 ASPHALTIC/CRACK SEAL MATERIALS $84.83 34275 07/25/2022 73323830 ASPHALTIC/CRACK SEAL MATERIALS $360.09 07/25/2022 73326219 ASPHALTIC/CRACK SEAL MATERIALS
07/25/2022 73328007 ASPHALTIC/CRACK SEAL MATERIALS
07/25/2022 73323829 ASPHALTIC/CRACK SEAL MATERIALS
$39,714.34Remit to: LOS ANGELES, CA FYTD:
WAXIE ENTERPRISES, LLC DBA
WAXIE SANITARY SUPPLY
34276 07/25/2022 80989880 JANITORIAL/CLEANING SUPPLIES FOR LIBRARY BRANCHES $364.28 $17,212.00Remit to: LOS ANGELES, CA FYTD:
WEBB MUNICIPAL FINANCE 34234 07/18/2022 20220087 SERVICES RE: SD ANNUAL ASSESSMENT ENGINEER'S REPORTS $7,428.46 $7,428.46Remit to: RIVERSIDE, CA FYTD:
A.5.a
Packet Pg. 217
Attachment: JULY 2022 PAYMENT REGISTER (5932 : JULY PAYMENT REGISTER 2022) Vendor Name Check/EFT
Number
Payment
Date Inv Number Invoice Description
City of Moreno Valley
Payment Register
For Period 7/1/2022 through 7/31/2022
CHECKS UNDER $25,000
Payment Amount
WEST COAST ARBORISTS, INC. 34134 07/05/2022 186689 PALM TREES REMOVAL AND REPLACEMENT PLANTING-VET.
MEM/CIVIC CTR.
$10,194.00
07/05/2022 185789 TREE TRIMMING/REMOVAL SVCS - TREE MAINT. PROGRAM FOR PARKS DEPT.
07/05/2022 186679 TREE REMOVAL SERVICES - ZONE D
34277 07/25/2022 187878 TREE & STUMP REMOVAL SERVICES - PARKS $4,040.00 $407,835.00Remit to: ANAHEIM, CA FYTD:
WEST COAST SHOPPING CART
SERVICE, INC.
243805 07/05/2022 22-028 SHOPPING CART RETRIEVAL SERVICES-MAY 2022 $2,864.50 243871 07/18/2022 22-029 SHOPPING CART RETRIEVAL SERVICES-JUN. 2022 $2,851.75 $42,372.50Remit to: WEST COVINA, CA FYTD:
WHITE, ELVIS 243918 07/25/2022 R22-165856 ANIMAL SERVICES REFUND-RABIES DEPOSIT $20.00 $20.00Remit to: SUN CITY, CA FYTD:
WILLDAN ENGINEERING 34278 07/25/2022 00713618 PROJECT MANAGEMENT SERVICES-JUN. 2022/NSP CLOSEOUT, ETC.
$1,007.50
$601,557.14Remit to: ANAHEIM, CA FYTD:
WILLDAN FINANCIAL SERVICES 34235 07/18/2022 010-51850-R GRANT ADMINISTRATION SERVICES-JUN. 2022 $13,981.25 07/18/2022 010-51848 ERAP GRANT ADMINISTRATION SERVICES-JUN. 2022 $470,198.93Remit to: TEMECULA, CA FYTD:
WILLEY, DONNA 243883 07/18/2022 R22-164397 ANIMAL SERVICES REFUND-SPAY/NEUTER DEPOSIT $75.00 $75.00Remit to: MAMMOTH, CA FYTD:
WOODS, AMANDA 243828 07/05/2022 2002705.047 REFUND PERMIT CHARGES- PICNIC SHELTER $171.84 $171.84Remit to: MORENO VALLEY, CA FYTD:
A.5.a
Packet Pg. 218
Attachment: JULY 2022 PAYMENT REGISTER (5932 : JULY PAYMENT REGISTER 2022) Vendor Name Check/EFT
Number
Payment
Date Inv Number Invoice Description
City of Moreno Valley
Payment Register
For Period 7/1/2022 through 7/31/2022
CHECKS UNDER $25,000
Payment Amount
XEROX CAPITAL SERVICES, LLC 34236 07/18/2022 016363033 COLOR COPIER EQUIPMENT LEASE-MAY 2022-GRAPHICS DEPT. $1,450.45 07/18/2022 016363032 COLOR COPIER LEASE/BILLABLE PRINTS-MAY 2022-GRAPHICS DEPT.
07/18/2022 016262026 COLOR COPIER EQUIPMENT LEASE-APR. 2022-GRAPHICS DEPT. 07/18/2022 016257570 COLOR COPIER LEASE/BILLABLE PRINTS-APR. 2022-GRAPHICS DEPT.
$26,891.54Remit to: PASADENA, CA FYTD:
YANG, YIJUN 243829 07/05/2022 MVA040030616 REFUND-PARKING CITATION - VIOLATION DISMISSED $230.00 $230.00Remit to: VICTORVILLE, CA FYTD:
ZOLL MEDICAL CORPORATION 34136 07/05/2022 3501300 CPR-D REPLACEMENT GEL5/CASE - OEM $56.19 $9,659.30Remit to: CHELMSFORD, MA FYTD:
TOTAL CHECKS UNDER $25,000
GRAND TOTAL $26,275,091.25
$883,946.31
ALL AMERICAN ASPHALT, INC. 34362 07/27/2022 197642 PAVEMENT REHABILITATION FOR VARIOUS STREETS $2,861.00 FYTD:
FYTD:
FYTD:
STATE BOARD OF EQUALIZATION 1 34441 07/31/2022 2ND QTR 2022 SECOND QUARTER 2022 SALES TAX $8,057.00 CALIFORNIA DEPT. OF TAX AND
FEE ADMINISTRATION
34473 07/25/2022 2ND QTR 2022 $15,146.00ELECTRICAL ELECTRICAL ENERGY SURCHARGE RETURN/APR-JUN 2022 Remit to: SACRAMENTO, CA
$1,851,098.93Remit to: CORONA, CA
$18,976.00
$44,574.00Remit to: SACRAMENTO, CA
A.5.a
Packet Pg. 219
Attachment: JULY 2022 PAYMENT REGISTER (5932 : JULY PAYMENT REGISTER 2022)
Report to City Council
ID#5936 Page 1
TO: Mayor and City Council
FROM: Brian Mohan, Assistant City Manager
AGENDA DATE: September 20, 2022
TITLE: APPROVAL OF THE FRANCHISE TAX BOARD
AGREEMENT TO SHARE TAX INFORMATION (AGMT.
NO. 84015)
RECOMMENDED ACTION
Recommendation:
1. Authorize the C ity Manager or his designee to sign a Franchise Tax Board Agreement that will continue to allow both entities to share tax information confidentially.
SUMMARY
This report recommends that the Council approve the City’s renewal of its triennial agreement with the State of California Franchise Tax Board (FTB) to annually share tax information relating to Business License Taxes. The purpose of the information exchange is to ensure consistency of local business tax reporting provided to both the City and the State.
DISCUSSION
The City has adopted several processes to validate the accuracy of tax roll information pertaining to businesses operating within Moreno Valley. One of these systems contains a feature to crosscheck FTB and City Business License tax da ta. The results help identify businesses that should be participating in the Business License program, and provides staff with information to initiate any necessary follow -up with the businesses.
Gaps in business tax data can easily occur in routine situ ations; taking steps to validate local records with State records help ensure that the City captures tax revenue due under the Business License program. Underreporting may occur, for example, if a A.6
Packet Pg. 220
business moves from one tax jurisdiction to another, or if the new address is incorrectly recorded. Businesses with multiple locations may report sales activity disproportionally among the locations; ensuring correct reports and active Business Licenses will preclude a loss of City revenues.
Renewal of the agr eement with the FTB will allow both entities to annually crosscheck information and address any errors that may come to light.
The FTB has strict requirements safeguarding the confidentiality of tax information. The City’s procedures and systems meet the FTB requirements.
ALTERNATIVES
1. Authorize the City Manager or his designee to sign a Franchise Tax Board Agreement that will allow both entities to share tax information confidentially.
Staff recommends this action as no alternative method exists to cro sscheck FTB and City Business License tax information.
2. Do not approve renewal of the agreement with the Franchise Tax Board. Staff does not recommend this alternative as crosschecking local and FTB data is an important step to preclude loss of tax reve nue which supports a broad range of City services.
FISCAL IMPACT
Since existing systems have the capability to reconcile FTB and City Business License tax data, no expense is anticipated in implementing this agreement. Not authorizing this Agreement may result in lost tax revenue which supports a broad range of City services.
PREPARATION OF STAFF REPORT
Prepared By: Department Head Approval:
Steve Hargis Brian Mohan
Strategic Initiatives Manager Assistant City Manager/Chief Financial Officer/City Treasurer
Concurred By:
Launa Jimenez
Financial Resources Division Manager
Concurred By:
Annabelle Wang
Treasury Operations Division Manager
CITY COUNCIL GOALS
Revenue Diversification and Preservation. Develop a variety of City revenue sources and policies to create a stable revenue base and fiscal policies to support essential City services, regardless of economic climate.
CITY COUNCIL STRATEGIC PRIORITIES
A.6
Packet Pg. 221
1. Economic Development
2. Public Safety
3. Library
4. Infrastructure
5. Beautification, Community Engagement, and Quality of Life
6. Youth Programs
ATTACHMENTS
To view large attachments, please click your “bookmarks” on the left hand side of this document for the necessary attachment.
1. Franchise Tax Board Agreement 84015
2. Franchise Tax Board Agreement 84015 Exhibits
APPROVALS
Budget Officer Approval ✓ Approved . 9/12/22 12:19 PM City Attorney Approval ✓ Approved .
City Manager Approval ✓ Approved . 9/12/22 3:45 PM A.6
Packet Pg. 222
2. The term of this Agreement is:
A.6.a
Packet Pg. 223
Attachment: Franchise Tax Board Agreement 84015 (5936 : APPROVAL OF THE FRANCHISE TAX BOARD AGREEMENT TO SHARE TAX A.6.a
Packet Pg. 224
Attachment: Franchise Tax Board Agreement 84015 (5936 : APPROVAL OF THE FRANCHISE TAX BOARD AGREEMENT TO SHARE TAX State of California City of Moreno Valley Franchise Tax Board Agreement #84015
EXHIBIT A
SCOPE OF WORK
This Agreement is entered into by and between the Franchise Tax Board, herein after referred to as (FTB), and the City of Moreno Valley, herein after referred to as the City.
Purpose:
This Agreement provides for the reciprocal exchange between FTB and the City tax data specific to city business license information for tax administration purposes. By entering into a reciprocal agreement, each party agrees to bear its own costs of providing the data, and the City is precluded from obtaining reimbursement.
Both parties will abide by the legal and confidential provisions of this Agreement. Exhibits A, C, D, E, F, and G, attached hereto and incorporated by reference herein, set forth additional terms to which the parties agree to be bound.
No Federal Tax Information will be exchanged.
Legal Authority:
California Revenue and Taxation Code (R&TC) Section 19551.1 authorizes a reciprocal agreement for the exchange of specified tax information between a City/County and FTB. R&TC Section 19551.5 mandates cities/counties to provide city/county business licensing and tax information to FTB upon request.
City Responsibilities:
1. The City agrees that the information provided by FTB will be used exclusively to administer the City/County Business Tax Program.
2. The City agrees that information obtained under this Agreement will not be reproduced, published, sold, or released in original or in any other form for any purpose; and will only be accessed or used by City employees whose duties are to administer the City/County Business Tax Program.
3. The City agrees to provide FTB with tax information pursuant to Format Specifications, Exhibit E, which shall include, but not be limited to, the following:
Business or owner’s name
Business address
Federal Employer Identification Number (FEIN) or Social Security Number (SSN) Ownership type
North American Industry Classification Code or Standard Industry Classification Code Business start and cessation dates
City Business Tax Number, to be assigned to the City by FTB
4. The City agrees to extract and provide city data to FTB annually between April and July for each tax year that the Agreement is in place. If the Agreement is executed after July 31, 2023, the City will have 30 days after execution to provide FTB with the first year’s data.
A.6.b
Packet Pg. 225
Attachment: Franchise Tax Board Agreement 84015 Exhibits (5936 : APPROVAL OF THE FRANCHISE TAX BOARD AGREEMENT TO SHARE State of California City of Moreno Valley Franchise Tax Board Agreement #84015
5. The City agrees to submit the records to FTB electronically using FTB's Secure Web Internet File Transfer (SWIFT) system.
6. The City agrees to submit the records to FTB in ASCII fixed-length format, .txt, per the Format Specifications, Exhibit E.
7. The City agrees to resubmit data in the event data is initially submitted with errors. The resubmission of data must be within 30 days of notification. If data is not submitted accurately and timely, the City will forfeit its rights to FTB data for that year.
8. The City agrees that each City employee having access to FTB data shall sign a City/County Business Tax Program Confidentiality Statement, FTB 712 (Exhibit G). The signed statement is to be retained by the City and produced to FTB upon request.
9. The City agrees to submit to FTB a completed Security Questionnaire prior to receiving any FTB data. The Security Questionnaire is valid for the duration of the Agreement.
10. The City agrees to provide a copy of the current resolution, order, or minutes reflecting passage of a motion, or ordinance of the local governing body authorizing the execution of this specific Agreement.
FTB Responsibilities:
1. FTB agrees that information provided by the City will be used for tax administration and non-tax programs that FTB administers and may be shared with other state or federal agencies as authorized by law.
2. FTB agrees that information obtained under this Agreement will not be reproduced, published, sold, or released in original or in any other form for any purpose, except as provided in paragraph 1 or otherwise authorized by law.
3. FTB agrees to provide the City with data extracted from the Taxpayer Information (TI) system and Business Entities Tax System (BETS). FTB will provide the City with records for taxpayers within the City’s jurisdiction who indicate a business on their personal or business entity income tax return. The Record Layout, Exhibit F, FTB 909A shall include:
Taxpayer name
Taxpayer address
Taxpayer SSN or FEIN
Principal Business Activity code
4. FTB agrees to match the data provided by the City using the SSN or FEIN against FTB’s data with a “Yes” or “No” indicator on the Record Layout, Exhibit F, FTB 909A. The first year’s data match is at the discretion of FTB based on when the data is received from the City and processed.
5. FTB agrees to provide the City with an annual data extract in December 2023 for tax year 2022, in December 2024 for tax year 2023, and in December 2025 for tax year 2024 via SWIFT.
A.6.b
Packet Pg. 226
Attachment: Franchise Tax Board Agreement 84015 Exhibits (5936 : APPROVAL OF THE FRANCHISE TAX BOARD AGREEMENT TO SHARE State of California City of Moreno Valley Franchise Tax Board Agreement #84015
6. FTB agrees to register the City for a SWIFT account allowing for the secure electronic transmission of data.
7. FTB agrees to provide the City with a unique City Business Tax Number to be used for reporting purposes only.
8. FTB agrees to allow the City to resubmit data within 30 days of notification, in the event data is initially submitted with errors.
Project Coordinators:
The project coordinators during the term of this Agreement will be:
Franchise Tax Board City of Moreno Valley
Kay Han Gordon MacDonald
City/County Business Tax Program Analyst Applications & Database Administrator Data Oversight Program 14177 Frederick Street
P.O. Box 1468, Mailstop A181 Moreno Valley, CA 92552 Sacramento, CA 95812-1468 Phone: (951) 413-3417
Phone: (916) 845-0638 Email: [email protected]
Email: [email protected]
Return executed agreement to:
Franchise Tax Board
Kay Han
City/County Business Tax Program Analyst
Data Oversight Program
P.O. Box 1468, Mailstop A181
Sacramento, CA 95812-1468
Phone: (916) 845-0638
Email: [email protected]
A.6.b
Packet Pg. 227
Attachment: Franchise Tax Board Agreement 84015 Exhibits (5936 : APPROVAL OF THE FRANCHISE TAX BOARD AGREEMENT TO SHARE State of California City of Moreno Valley Franchise Tax Board Agreement #84015
EXHIBIT B
BUDGET DETAIL AND PAYMENT PROVISIONS
This data exchange is provided at no cost.
A.6.b
Packet Pg. 228
Attachment: Franchise Tax Board Agreement 84015 Exhibits (5936 : APPROVAL OF THE FRANCHISE TAX BOARD AGREEMENT TO SHARE State of California City of Moreno Valley Franchise Tax Board Agreement #84015
EXHIBIT D
SPECIAL TERMS AND CONDITIONS
1. DATA OWNERSHIP: The confidential tax information or sensitive information being provided under this Agreement remains the exclusive property of the providing party. Confidential tax information and other confidential information are not open to the public and require special precautions to protect from loss and unauthorized access, inspection, acquisition, use, disclosure, modification, or destruction. The City (or County) shall have the right to use and process the disclosed information for the purposes stated in the Scope of Work of Exhibit A of this Agreement, which right shall be revoked and terminated immediately upon termination of this Agreement.
2. STATEMENT OF CONFIDENTIALITY: The Franchise Tax Board has taxpayer tax returns and other confidential information and data in its custody. Unauthorized inspection or disclosure of state returns or other confidential information or data is a misdemeanor (Revenue and Taxation Code Sections 19542, and 19542.1). Unauthorized inspection or disclosure of federal returns and other confidential federal return information or data is a misdemeanor or a felony (Internal Revenue Code Sections 7213A(a)(2) and (b), and 7213(a)(2), respectively).
Upon the approval of this agreement and prior to any access to the confidential or sensitive data of the FTB, each City (or County) employee who may have access to the confidential data of FTB will be required to sign a City/County Business Tax Program Confidentiality Statement, FTB 712 (Exhibit G), attesting to the fact that he/she is aware of the confidentiality of the data and the penalties for unauthorized disclosure thereof under applicable state and federal law. The signed statement(s) shall be retained by the City (or County) and furnished to FTB upon request.
3. USE OF INFORMATION: The City (or County) agrees that the information furnished or secured pursuant to this Agreement shall be used solely for the purposes described in the Scope of Work of Exhibit A. The City (or County) further agrees that information obtained under this Agreement will not be reproduced, published, sold or released in original or in any other form for any purpose other than as identified in the Scope of Work of Exhibit A.
4. EMPLOYEE ACCESS TO INFORMATION: Both FTB and the City (or County) receiving data agree that the information obtained will be kept in the strictest confidence and shall make information available to its own employees only on a “need to know” basis. The “need to know” standard is met by authorized employees who need the information to perform their official duties in connection with the uses of the information authorized by this Agreement.
Each party receiving data recognizes its responsibility to protect the confidentiality of the information in its custody as provided by law and ensure that such information is disclosed only to those individuals and for such purposes as authorized by law and this Agreement.
5. PROTECTING CONFIDENTIAL INFORMATION/ INCIDENT REPORTING: Both FTB and the City (or County) receiving data, in recognizing the confidentiality of the information to be exchanged, agrees to take all appropriate precautions to protect the confidential information obtained pursuant to this agreement from unauthorized access, use, or disclosure. Each party receiving data will conduct oversight of its users with access to the confidential information provided under this agreement, and will immediately notify FTB’s Information Security Audit & Investigations Unit ([email protected]) of any unauthorized or suspected unauthorized accesses, uses and/or disclosures (incidents). For purposes of this A.6.b
Packet Pg. 229
Attachment: Franchise Tax Board Agreement 84015 Exhibits (5936 : APPROVAL OF THE FRANCHISE TAX BOARD AGREEMENT TO SHARE State of California City of Moreno Valley Franchise Tax Board Agreement #84015
section, “immediately” is defined as within 24 hours of the discovery of the breach or suspected breach. The notification must describe the incident in detail and identify responsible personnel (name, title, and contact information). The City (or County) with an incident will comply with the incident reporting requirements in accordance with Civil Code Section 1798.29, State Administrative Manual (SAM) Chapter 5300 and Sections 8643, and State Information Management Manual 54340-A and 5340-C to facilitate the required reporting to the taxpayer(s) or state oversight agencies.
6. INFORMATION SECURITY: Information security is defined as the preservation of the confidentiality, integrity, and availability of information. A secure environment is required to protect the confidential information obtained from FTB pursuant to this agreement. The City (or County) receiving data will store information so that it is physically secure from unauthorized access. The records received by the City (or County) will be securely maintained and accessible only by employees of the City (or County) business license or tax programs who are committed to protect the data from unauthorized access, use, or disclosure. All FTB electronic data must be encrypted when in transit using FIPS 140-2 approved encryption technology and be password protected and secure at all times when in storage. Confidential information obtained from the FTB must be secured in accordance with the SAM Chapters 5100 and 5300 (Information Security), and National Institute of Standards and Technology (NIST) Special Publication 800-53 (moderate); and additional security requirements provided by FTB.
7. CLOUD COMPUTING ENVIRONMENT: A City (or County) receiving FTB’s confidential data must submit a completed FTB Cloud Security Questionnaire before using a Cloud Computing Environment. The questionnaire will be reviewed for approval by FTB’s Chief Security Officer, or his/her designee. A Cloud Computing Environment cannot be used to receive, transmit, store or process FTB’s confidential data without prior written approval from FTB’s Chief Security Officer or his/her designee.
8. DESTRUCTION OF RECORDS: All records received by the City (or County) from FTB under this Agreement, and any database(s) created, copies made, or files attributed to the records received, shall be destroyed within three years of receipt or upon termination of the agreement due to a breach of its terms, whichever occurs earlier. The records shall be destructed in a manner to be deemed unusable or unreadable, and to the extent that an individual record can no longer be reasonably ascertained. The City (or County) will notify FTB City/County Business Tax program manager annually in writing at FTB [email protected] that proper destruction methods have been applied. FTB will destroy city/county data in accordance with the department’s data retention policies.
9. DISPUTE RESOLUTION: In the event of a dispute, the City (or County) shall file a “Notice of Dispute” with FTB’s Chief Financial Officer within ten (10) days of discovery of the problem.
Within ten (10) days, FTB’s Chief Financial Officer or his/her designee shall meet with the City (or County) for purposes of resolving the dispute. The decision of the Chief Financial Officer shall be final.
10. SURVIVAL OF OBLIGATION TO PROTECT DATA: Each party’s obligation to protect the data and information received from the other party shall survive the expiration or termination of this Agreement. In the event a party continues to provide any data or information to the other party after the expiration or termination of this Agreement, the receiving party agrees to continue to protect all such data and information received in accordance with the provisions of this Exhibit D, and all applicable state and federal laws.
A.6.b
Packet Pg. 230
Attachment: Franchise Tax Board Agreement 84015 Exhibits (5936 : APPROVAL OF THE FRANCHISE TAX BOARD AGREEMENT TO SHARE State of California City of Moreno Valley
Franchise Tax Board Agreement #84015
11. ONSITE SAFEGUARD REVIEW: FTB retains the right to conduct on-site safeguard reviews of the City (or County) use of FTB information and security controls established. The safeguard reviews may include, but are not limited to an examination of the adequacy of information security controls, “need to know,” and use justifications established by the City (or County) to ensure compliance with the terms and conditions of this agreement. FTB will provide a minimum of seven (7) days’ notice of a safeguard review being conducted by FTB staff. The City (or County) will take appropriate disciplinary actions against any user determined to have violated security or confidentiality requirements.
12. LIMITED WARRANTY: Neither party represents or warrants the accuracy or content of the material available through this Agreement, nor each expressly disclaims any express or implied warranty, including any implied warranty of fitness for a specific purpose.
13. CANCELLATION: Either party may terminate this Agreement, in writing for any reason, upon thirty (30) days’ prior written notice. This Agreement may be terminated immediately by either party in the event of any breach of the terms of this Agreement.
14. NO THIRD PARTY LIABILITY: Nothing contained in or related to this agreement shall create any contractual relationship between either of the Parties and any other party, except between FTB and the City (or County); and no other party shall relieve the City (or County) or FTB of its responsibilities and obligations hereunder. Each of the parties agrees to be fully responsible for the acts and omissions of its third party contractors and agents, and of persons either directly or indirectly employed by the party. Neither of the parties shall have any obligation to pay, or to see to the payment of, any monies to any party or persons either directly or indirectly employed by the other.
15. EXECUTIVE ORDER N-6-22 RUSSIA SANCTIONS: On March 4, 2022, Governor Gavin Newsom issued Executive Order N-6-22 (the EO) regarding Economic Sanctions against Russia and Russian entities and individuals. “Economic Sanctions” refers to sanctions imposed by the U.S. government in response to Russia’s actions in Ukraine, as well as any sanctions imposed under state law. The EO directs state agencies to terminate contracts with, and to refrain from entering any new contracts with, individuals or entities that are determined to be a target of Economic Sanctions. Accordingly, should the State determine Contractor is a target of Economic Sanctions or is conducting prohibited transactions with sanctioned individuals or entities, that shall be grounds for termination of this agreement. The State shall provide Contractor advance written notice of such termination, allowing Contractor at least 30 calendar days to provide a written response. Termination shall be at the sole discretion of the State.
A.6.b
Packet Pg. 231
Attachment: Franchise Tax Board Agreement 84015 Exhibits (5936 : APPROVAL OF THE FRANCHISE TAX BOARD AGREEMENT TO SHARE State of California City of Moreno Valley Franchise Tax Board Agreement #84015
EXHIBIT E
CITY AND COUNTY RECORD LAYOUT SPECIFICATIONS (FTB 909)
Data Element Name Start Position End Position Field Size Description Social Security Number (SSN) 1 9 9 Must be present unless FEIN is provided.
Fill unused fields with zeros.
Federal Employer ID Number (FEIN) 10 18 9 Must be present unless SSN is provided.
Fill unused fields with zeros.
Ownership Type 19 19 1 Must be present. Use only acceptable values listed here:
S = Sole Proprietorship
P= Partnership
C = Corporation
T = Trust
L = LLC
Owner Last Name 20 34 15 Must be present if Ownership Type in position 19 = S.
Owner First Name 35 45 11 Must be present if Ownership Type in position 19 = S.
Owner Middle Initial 46 46 1 May be left blank.
Business Name 47 86 40 Enter if business is operating under a fictitious name (doing business as
(DBA)).
Business Address 87 126 40 Address of the business location or the residence of the owner if sole
proprietorship.
City 127 166 40 Must be present.
State 167 168 2 Enter the valid U.S. Postal Service
(USPS) state abbreviation. Format = CA
ZIP Code 169 177 9 Enter the five- or nine-digit ZIP Code assigned by USPS. If only the first five
digits are known, left justify information
and fill the unused fields with zeros.
A.6.b
Packet Pg. 232
Attachment: Franchise Tax Board Agreement 84015 Exhibits (5936 : APPROVAL OF THE FRANCHISE State of California City of Moreno Valley Franchise Tax Board Agreement #84015
Data Element Name Start Position End Position Field Size Description Business Start Date 178 185 8 Enter the eight-digit date (MMDDYYYY).
If unknown, fill the field with zeros.
Business Cease Date 186 193 8 Enter the eight-digit date (MMDDYYYY) if out of business. If unknown, fill the
field with zeros.
City/County Business Tax Number 194 196 3 Enter three-digit number assigned by FTB.
North American Industry
Classification System
(NAICS)
197 202 6 Enter the two- to six-digit NAICS code.
Left Justify. Fill unused field with zeros
(example, 99 will be 990000).
Standard Industrial
Classification (SIC)
203 206 4 Enter the two- to four-digit SIC code. Left
justify. Fill unused fields with zeros
(example, 99 will be 9900).
Total Record Length 206
A.6.b
Packet Pg. 233
Attachment: Franchise Tax Board Agreement 84015 Exhibits (5936 : APPROVAL OF THE FRANCHISE State of California City of Moreno Valley Franchise Tax Board Agreement #84015
EXHIBIT F
FRANCHISE TAX BOARD RECORD LAYOUT SPECIFICATIONS (FTB 909A)
Data Element Name Length Start Position Description
ENTITY TYPE 1 1 “P” – Personal income tax record
“B” – Business entity tax record
SSN or FEIN 9 2 For “P” records, primary taxpayer’s social security number (SSN) For “B” records, federal employer identification number (FEIN) LAST NAME 40 11 For “P” records, primary taxpayer’s last name For “B” records, business name
FIRST NAME 11 51 For “P” records only
MIDDLE INITIAL 1 62 For “P” records only
SPOUSE SSN 9 63 For “P” records filed with a joint return SPOUSE LAST NAME 17 72 For “P” records filed with a joint return SPOUSE FIRST NAME 11 89 For “P” records filed with a joint return SPOUSE MIDDLE INITIAL 1 100 For “P” records filed with a joint return PBA CODE 6 101 For “P” records, principal business activity (PBA) code ADDRESS NUMBER 10 107
PRE-DIRECTIONAL DIRECTOR 2 117 Postal Service term referring to the directional word that is located before the street name and suf-
fix (i.e., N, S, E, W, NE, NW, SE, SW)
STREET NAME 28 119
STREET SUFFIX 4 147 e.g. ST, WAY, HWY, BLVD, etc.
POST-DIRECTIONAL INDICATOR 2 151 Postal Service term referring to the directional word that is located after the street name and suffix
(i.e., N, S, E, W, NE, NW, SE, SW)
STREET SUFFIX 2 4 153
APARTMENT/SUITE NUMBER 10 157 e.g., APT, UNIT, FL, etc.
CITY 13 167
STATE 2 180 Standard state abbreviation
ZIP CODE 5 182 The five-digit ZIP Code assigned by the U.S. Postal Service ZIP CODE SUFFIX 4 187 Provide if known
CCBT MATCH 1 191 “N” – No match per CCBT data. “Y” – Yes: CBT matched to state tax return filed
TOTAL RECORD LENGTH 191
A.6.b
Packet Pg. 234
Attachment: Franchise Tax Board Agreement 84015 Exhibits (5936 : APPROVAL OF THE FRANCHISE
EXHIBIT G
CONFIDENTIALITY STATEMENT (FTB 712)
STATE OF CALIFORNIA
DISCLOSURE OFFICE MS A181
FRANCHISE TAX BOARD
PO BOX 1468
SACRAMENTO CA 95812-1468
City/County Business Tax Program Confidentiality Statement
Confidential tax data is protected from disclosure by law, regulation, and policy. Information security is strictly enforced; violators may be subject to disciplinary, civil, and/or criminal action. Protecting confidential tax data is in the best interest of the city, county, and state.
As a city/county employee, you are required to protect all information received from the Franchise Tax Board (FTB). To protect confidential tax data, you must:
• Access or modify tax data solely to perform official duties. • Never access or inspect tax data for curiosity or personal reasons. • Never show or discuss confidential tax data with anyone who does not have a need to know. • Never remove confidential tax data from your worksite without authorization. • Place confidential tax data in approved locations only.
Unauthorized inspection, access, use, or disclosure of confidential tax data is a crime under state laws including, but not limited to, California Revenue and Taxation Code Sections 19542 and 19552 and Penal Code Section 502. Unauthorized access, inspection, use, or disclosure may result in either or both of the following:
• State criminal action
• Taxpayer civil action.
I certify that I have read the confidentiality statement printed above. I further certify and understand that unauthorized access, inspection, use, or disclosure of confidential information may be punishable as a crime and may result in disciplinary and/or civil action against me.
Name (print)
Each city/county employee accessing FTB data must retain a signed copy of this form and provide it to FTB upon request.
FTB 712 (REV 06-2016)
Signatur
e
Dat
A.6.b
Packet Pg. 235
Attachment: Franchise Tax Board Agreement 84015 Exhibits (5936 : APPROVAL OF THE FRANCHISE TAX BOARD AGREEMENT TO SHARE
Report to City Council
ID#5939 Page 1
TO: Mayor and City Council
Mayor and City Council Acting in its Capacity as
Chairman and Commissioners of the Moreno Valley
Housing Authority (HA)
FROM: Brian Mohan, Assistant City Manager
AGENDA DATE: September 20, 2022
TITLE: APPROVE AND EXECUTE THE AGREEMENT FOR
CONVEYANCE OF REAL PROPERTY FOR THE
ACQUISITION OF APN 481 -130-022, 481 -130-023, 485 -
032-013, 486 -084-006, AND 486 -084-011 FOR PUBLIC
PURPOSES.
RECOMMENDED ACTION
Recommendations: That the City Council and Housing Authority:
1. Approve the Agreement for Conveyance of Property for acquisition of APNs 481 - 130-022, 481 -130-023, 485 -032-013, 486 -084-006, and 486 -084-011 for public purposes.
2. Authorize the purchase of APNs 481 -130-022, 481-130-023, 485-032-013, 486- 084-006, and 486 -084-011 f or a total expenditure amount not to exceed $500,000.
3. Approve the Budget Adjustment as set forth in the Fiscal Impact section of this report.
4. Authorize the City Manager to execute any agreements or documents as necessary to transfer vacant property , subject to the approval of the City Attorney.
SUMMARY
This report recommends approval of the Agreement for Conveyance of A.7
Packet Pg. 236
Property for acquisition of vacant APNs 481 -130-022, 481-130-023, 485-032- 013, 486 -084-006, and 486 -084-011 for public purposes fr om the Moreno Valley Housing Authority. This acquisition will be funded with the General Fund fund balance for a total amount not to exceed $500,000.
DISCUSSION
The Moreno Valley Housing Authority presently owns vacant APNs 481 -130- 022, 481 -130-023, 48 5-032-013, 486 -084-006, and 486 -084-011 collectively consisting of approximately 1.2967-acres (approximately 56,487 square feet).
Del Rey Appraisal Services was selected to assess the market values of the property, which appraised at a combined total of $483,000 (see attachments for detail of each parcel appraisal).
On June 21, 2022 the Housing Authority Board adopted Resolution 2022 -05 in conformance with the California Surplus Land Act (“SLA”), as codified in California Government Code (“GC”) §§ 54220 - 54234, and the April 2021 SLA Guidelines (“Guidelines”) as promulgated by the California Department of Housing and Community Development (“HCD”) designating the subject property as exempt surplus land pursuant to GC § 54221 (f) (1) (D) based on it being ultimately transferred to the City of Moreno Valley, which has offered to purchase the Authority Land for City use.
Staff is requesting approval of the Agreement for Conveyance of Property for acquisition of APNs 481 -130-022, 481 -130-023, 485 -032-013, 486-084-006, and 486 -084-011 for public purposes appraised at market value for a total amount including escrow fees, title transfer and any other reasonable acquisition costs not to exceed a total of $500,000. The proceeds of this sale will be restricted by the City’s Housing Authority for future investment in support of the City’s affordable housing programs.
ALTERNATIVES
1. Approve the recommend actions to allow for the purchase of the parcels for public purpose. Staff recommends this alternative.
2. Do Not Approve the recommend actions to allow for the purchase of the parcels for public purpose. Staff does not recommend this alternative
FISCAL IMPACT
Funding from the General Fund are required to complete the purchase of APNs 481 - 130-022, 48 1-130-023, 485 -032-013, 486 -084-006, and 486 -084-011 for public purposes. The needed adjustment will be as follows:
Description Fund GL Account No. Type FY 22/23 Proposed FY 22/23 A.7
Packet Pg. 237
(Rev/Exp) Budget Adjustments Amended
Budget
General Fund - Land
Acquisition
1010 1010-99-99-91010-660110 Exp $0 $500,000 $500,000
NOTIFICATION
The public has been notified through the publication of the agenda.
PREPARATION OF STAFF REPORT
Prepared By: Department Head Approval:
Dena Heald Brian Mohan
Deputy Finance Director Assistant City Manager/Chief Financial Officer/City Treasurer
CITY COUNCIL GOALS
None
CITY COUNCIL STRATEGIC PRIORITIES
1. Economic Development
2. Public Safety
3. Library
4. Infrastructure
5. Beautification, Community Engagement, and Quality of Life
6. Youth Programs
ATTACHMENTS
To view large attachments, please click your “bookmarks” on the left hand side of this document for the necessary attachment.
1. Appraisal - APN 481-130-022 – 24124 Fir Avenue, Moreno Valley
2. Appraisal – APN 481-130-023 – 24108 Fir Avenue, Moreno Valley
3. Appraisal – APN 485-032-013 – 24181 John F. Kennedy Drive, Moreno Valley
4. Appraisal – APN 486-084-006 – Perris Blvd (POR LOT 20 MB 052/099 TR 2995)
5. Appraisal – APN 486-084-011 – Sheila Street (POR LOT 5 MB 052/099 TR 2995)
APPROVALS
Budget Officer Approval ✓ Approved . 9/13/22 6:53 AM City Attorney Approval ✓ Approved .
City Manager Approval ✓ Approved . 9/13/22 8:46 AM A.7
Packet Pg. 238
APPRAISAL OF REAL PROPERTY
VACANT LAND
24124 Fir Ave
Moreno Valley, CA 92553
POR LOT 66 MB 015/090 EDGEMONT GARDENS
City of Moreno Valley
PO Box 88005
Moreno Valley, CA 92552
$140,000
03/29/2022
Robert R. King, SRA
Del Rey Appraisal Services
28131 White Sand Trl
Moreno Valley, CA 92555-5436
(951) 850-4115
[email protected]
Form GA1V_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
LOCATED AT
FOR
OPINION OF VALUE
AS OF
BY
A.7.a
Packet Pg. 239
Attachment: Appraisal - APN 481-130-022 – 24124 Fir Avenue, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL PROPERTY) Del Rey Appraisal Services
28131 White Sand Trl
Moreno Valley, CA 92555-5436
(951) 850-4115
04/04/2022
Melissa Elizondo - Senior Accountant
City of Moreno Valley
PO Box 88005
Moreno Valley, CA 92552
Re:
Property:
24124 Fir Ave
Moreno Valley, CA 92553
Client:
City of Moreno Valley
File No.:
DX2039
Opinion of Value: $
140,000
Effective Date:
03/29/2022
In accordance with your request, I have appraised the above referenced property. The report of that appraisal is attached. The intended use of this appraisal is for internal planning purposes; potential purchase. The intended user is the City of Moreno Valley.
The purpose of the appraisal is to develop an opinion of market value for the property described in this appraisal report, as improved, in unencumbered fee simple title of ownership.
This report is based on a physical analysis of the site and improvements, a locational analysis of the neighborhood and city, and an economic analysis of the market for properties such as the subject. The appraisal was developed and the report was prepared in accordance with the Uniform Standards of Professional Appraisal Practice.
The opinion of value reported above is as of the stated effective date and is contingent upon the certification and limiting conditions attached.
It has been a pleasure to assist you. Please do not hesitate to contact me if I can be of additional service to you.
Sincerely,
Robert R. King, SRA
Del Rey Appraisal Services
License or Certification #: AG033647
State: CA Expires: 04/08/2022
[email protected]
A.7.a
Packet Pg. 240
Attachment: Appraisal - APN 481-130-022 – 24124 Fir Avenue, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL PROPERTY) DX2039
City of Moreno Valley
24124 Fir Ave
Moreno Valley
Riverside
CA
92553
Moreno Valley Housing Authority
Cover Page ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Letter of Transmittal ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Table of Contents ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Summary of Salient Features ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Appraisal Report - Land ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Supplemental Addendum ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Market Trend Graph and Neighborhood Aerial ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Subject Photos ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Land Comparable Photos 1-3 ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Location Map ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Plat Map ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Realist - Page 1 ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Realist - Page 2 ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Parcel Report ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Tax Report ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
License ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
GP Residential Certifications Addendum ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
USPAP Identification ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
GLB Act Privacy Notification .................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... 1 2
3 4
5 9
10 11
12 13
14 15
16 17
18 19
20 23
24 Form TOCNP_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Client
Owner
File No.
Property Address
City County State Zip Code
TABLE OF CONTENTS
A.7.a
Packet Pg. 241
Attachment: Appraisal - APN 481-130-022 – 24124 Fir Avenue, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL PROPERTY) Form SSD2_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE 24124 Fir Ave
POR LOT 66 MB 015/090 EDGEMONT GARDENS
Moreno Valley
Riverside
CA
92553
0425.15
40140
N/A
N/A
City of Moreno Valley
Moreno Valley Housing Authority
N/A
N/A
Typical
N/A
N/A
N/A
N/A
N/A
Robert R. King, SRA
03/29/2022
140,000
Client
Owner
SUMMARY OF SALIENT FEATURES
SU BJECT INFOR M ATION
Subject Address
Legal Description
City
County
State
Zip Code
Census Tract
Map Reference
SALES PR ICE
Sale Price
Date of Sale
$
CLIENTDESCR IPTION OF IM PR OVEM ENTS
Size (Square Feet)
Price per Square Foot
Location
Age
Condition
Total Rooms
Bedrooms
Baths
$
APPR AISER
Appraiser
Date of Appraised Value
VALU E
Opinion of Value $
A.7.a
Packet Pg. 242
Attachment: Appraisal - APN 481-130-022 – 24124 Fir Avenue, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL PROPERTY) Del Rey Appraisal Services
24124 Fir Ave
DX2039
Del Rey Appraisal Services
28131 White Sand Trl, Moreno Valley, CA 92555-5436
(951) 850-4115
---
Robert R. King, SRA
---
[email protected]
City of Moreno Valley
Melissa Elizondo - Senior Accountant
PO Box 88005, Moreno Valley, CA 92552
(951) 413-3073
[email protected]
24124 Fir Ave
Moreno Valley
Riverside
CA
92553
POR LOT 66 MB 015/090 EDGEMONT GARDENS
481-130-022
3,072
2021
Vacant Residential Land
Vacant Residential Land
Hold for future development
Moreno Valley Housing Authority
Refer to attached Realist for history. No transfers
reported in the past three years.
No currently MLS listings and no know contracts.
140,000
N/A
N/A
The Sale Comparison Approach was the only approach deemed appropriate for this appraisal assignment. Participants in this market are not relying on either the Cost Approach or the Income Approach for purchasing vacant residential land.
03/29/2022
140,000
The concluded value is based on an exposure time of six to eighteen months.
Form AI1205 - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Client File #: Appraisal File #:
Form 120.05*
Appraisal Report • Land
Appraisal Company:
Address:
Phone: Fax: Website:
Appraiser:
AI Membership (if any): SRA MAI SRPA AI-GRS AI-RRS
AI Affiliation (if any): Candidate for Designation Practicing Affiliate Other Professional Affiliation:
E-mail:
Co-Appraiser:
AI Membership (if any): SRA MAI SRPA AI-GRS AI-RRS
AI Affiliation (if any): Candidate for Designation Practicing Affiliate Other Professional Affiliation:
E-mail:
Client: Contact:
Address:
Phone: Fax: E-mail:
SUBJECT PROPERTY IDENTIFICATION
Address:
City: County: State: ZIP:
Legal Description:
Tax Parcel #: RE Taxes: Tax Year:
Use of the Real Estate As of the Date of Value:
Use of the Real Estate Reflected in the Appraisal:
Opinion of highest and best use (if required):
SUBJECT PROPERTY HISTORY
Owner of Record:
Description and analysis of sales within 3 years (minimum) prior to effective date of value:
Description and analysis of agreements of sale (contracts), listings, and options:
RECONCILIATIONS AND CONCLUSIONS
Indication of Value by Sales Comparison Approach $
Indication of Value by Cost Approach $
Indication of Value by Income Approach $
Final Reconciliation of the Methods and Approaches to Value:
Opinion of Value as of: $
Exposure Time:
The above opinion is subject to: Hypothetical Conditions and/or Extraordinary Assumptions cited on the following page. *NOTICE: The Appraisal Institute publishes this form for use by appraisers where the appraiser deems use of the form appropriate. Depending on the assignment, the appraiser may need to provide additional data, analysis and work product not called for in this form. The Appraisal Institute makes no representations, warranties or guarantees as to, and assumes no responsibility for, the data, analysis or work product, or third party certifications, verifications, data specifications, scores, indexes, or valuation tools, used or provided by the individual appraiser(s) or others in the specific contents of the AI Reports®. AI Reports® AI-120.05 Appraisal Report - Land© Appraisal Institute 2017, All Rights Reserved June 2017 A.7.a
Packet Pg. 243
Attachment: Appraisal - APN 481-130-022 – 24124 Fir Avenue, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL PROPERTY) City of Moreno Valley
24124 Fir Ave
24124 Fir Ave, Moreno Valley, CA 92553
DX2039
City of Moreno Valley
Internal planning by the client, City of Moreno Valley; potential purchase. There are no other intended use or users.
Market Value
03/29/2022
None noted.
None noted.
03/29/2022
On site viewing, Realist Tax (attached).
N/A
The intended use of this appraisal is for the City's internal planning purposes; potential purchase.
The intended user is the City of Moreno Valley. The appraiser specifically disclaims any liability, whatsoever, for any non-intended use by any non-intended user.
Form AI1205 - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Client: Client File #:
Subject Property: Appraisal File #:
ASSIGNMENT PARAMETERS
Intended User(s):
Intended Use:
This report is not intended by the appraiser for any other use or by any other user.
Type of Value: Effective Date of Value:
Interest Appraised: Fee Simple Leasehold Other
Hypothetical Conditions: (A hypothetical condition is that which is contrary to what exists, but is asserted by the appraiser for the purpose of analysis. Any hypothetical condition may affect the assignment results.) Extraordinary Assumptions: (An extraordinary assumption is directly related to a specific assignment and presumes uncertain information to be factual. If found to be false this assumption could alter the appraiser’s opinions or conclusions. Any extraordinary assumption may affect the assignment results.)
This is an Appraisal Report in accordance with Standard Rule 2-2(a) of the Uniform Standard of Professional Appraisal Practice (USPAP).
SCOPE OF WORK
Definition: The scope of work is the type and extent of research and analysis in an assignment. Scope of work includes the extent to which the property is identified, the extent to which tangible property is inspected, the type and extent of data research, and the type and extent of analysis applied to arrive at credible opinions or conclusions. The specific scope of work for this assignment is identified below and throughout this report.
Scope of Subject Property Inspection/Data Sources Utilized Approaches to Value Developed Appraiser
Property Inspection: Yes No
Date of Inspection:
Describe Scope of Property Inspection, Source of Area Calculations and Data Sources Consulted:
Co-Appraiser
Property Inspection: Yes No
Date of Inspection:
Describe Scope of Property Inspection, Source of Area Calculations and Data Sources Consulted:
Cost Approach:
Is necessary for credible results and is developed in this analysis Is not necessary for credible results; not developed in this analysis Is not necessary for credible results but is developed in this analysis Sales Comparison Approach:
Is necessary for credible results and is developed in this analysis Is not necessary for credible results; not developed in this analysis Is not necessary for credible results but is developed in this analysis Income Approach:
Is necessary for credible results and is developed in this analysis Is not necessary for credible results; not developed in this analysis Is not necessary for credible results but is developed in this analysis Additional Scope of Work Comments:
Significant Real Property Appraisal Assistance: None Disclose Name(s) and contribution:
*NOTICE: The Appraisal Institute publishes this form for use by appraisers where the appraiser deems use of the form appropriate. Depending on the assignment, the appraiser may need to provide additional data, analysis and work product not called for in this form. The Appraisal Institute makes no representations, warranties or guarantees as to, and assumes no responsibility for, the data, analysis or work product, or third party certifications, verifications, data specifications, scores, indexes, or valuation tools, used or provided by the individual appraiser(s) or others in the specific contents of the AI Reports®. AI Reports® AI-120.05 Appraisal Report - Land© Appraisal Institute 2017, All Rights Reserved June 2017 A.7.a
Packet Pg. 244
Attachment: Appraisal - APN 481-130-022 – 24124 Fir Avenue, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL PROPERTY) City of Moreno Valley
24124 Fir Ave
24124 Fir Ave, Moreno Valley, CA 92553
DX2039
275
575
393
45 73
70 65
10 15
10 Moreno Valley
N/A
None
The subject is located in a mixed residential/commercial market area. The subject neighborhood is comprised of a variety of single- and multi-family residential properties with commercial along primary arterials.
Maintenance levels are mixed. Support facilities such as retail, recreation, schools, restaurants, employment, etc. are located the immediate area.
Although the single-family residential prices have increased (see attached regression analysis), in-fill lots remain relatively stable.
General boundaries: North - 60 Freeway; East - Perris Boulevard; South - Dracaea Avenue; West - Heacock Street. 60x300
18,000 sf
Residential
Rectangular
Appears adequate
Typical
R20 - SP 204 VR
N/A
Asphalt
Concrete
Concrete Poles
The subject is a flat, rectangular lot with curb and gutter along Fir Avenue. Note that Realist Tax indicates a lot size of 18,295 square feet, but the dimensions on the plat map indicate 18,000 square feet.
There are older single-family residential properties to its east and north, an apartment complex to across the street to the south, and vacant parcels and commercial properties to the west.
Hold for future development.
The zoning allows for a variety of uses including single- and multi-family residential. As indicated, the surrounding properties are primary residential. There are few speculation builders in the area, so the highest and best use may be to hold for future development.
Form AI1205 - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Client: Client File #:
Subject Property: Appraisal File #:
MARKET AREA ANALYSIS
Location
Urban
Suburban
Rural
Built Up
Under 25%
25-75%
Over 75%
Growth
Rapid
Stable
Slow
Supply & Demand
Shortage
In Balance
Over Supply
Value Trend
Increasing
Stable
Decreasing
Typical Marketing Time
Under 3 Months
3-6 Months
Over 6 Months
Neighborhood Single Family Profile
Price Age
Low
High
Predominant
Neighborhood Land Use
1 Family
%
Condo
%
Multifamily
%
Commercial
%
Vacant
%
%
Neighborhood Name:
PUD Condo HOA: $ /
Amenities:
Market area description and characteristics:
SITE ANALYSIS
Dimensions:
Area:
View:
Shape:
Drainage:
Utility:
Site Similarity/Conformity To Neighborhood Zoning/Deed Restriction Size:
Smaller than Typical
Typical
Larger than Typical
View:
Favorable
Typical
Less than Favorable
Zoning:
Legal
Legal, non-conforming
Illegal
No zoning
Covenants, Condition & Restrictions
Yes No Unknown
Documents Reviewed
Yes No
Ground Rent $ /
Utilities
Electric Public Other
Gas Public Other
Water Public Other
Sewer Public Other
Off Site Improvements
Street Public Private
Alley Public Private
Sidewalk Public Private
Street Lights Public Private
Site description and characteristics:
HIGHEST AND BEST USE ANALYSIS
Present Use Proposed Use Other
Summary of highest and best use analysis:
*NOTICE: The Appraisal Institute publishes this form for use by appraisers where the appraiser deems use of the form appropriate. Depending on the assignment, the appraiser may need to provide additional data, analysis and work product not called for in this form. The Appraisal Institute makes no representations, warranties or guarantees as to, and assumes no responsibility for, the data, analysis or work product, or third party certifications, verifications, data specifications, scores, indexes, or valuation tools, used or provided by the individual appraiser(s) or others in the specific contents of the AI Reports®. AI Reports® AI-120.05 Appraisal Report - Land© Appraisal Institute 2017, All Rights Reserved June 2017 A.7.a
Packet Pg. 245
Attachment: Appraisal - APN 481-130-022 – 24124 Fir Avenue, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL PROPERTY) City of Moreno Valley
24124 Fir Ave
24124 Fir Ave, Moreno Valley, CA 92553
DX2039
(Adj.s, N.A. & I.V. are in $ / sf)
24124 Fir Ave
Moreno Valley, CA 92553
N/A
sf
N/A
N/A
Typical
18,000 sf
Residential
None
Functional Utility
Typical
Sale Type
N/A
DOM/CDOM
N/A
Assessor Parcel Number
481-130-022
11/21/2014
$0 Quit Claim Deed
Edgemont St
Moreno Valley, CA 92553
2.49 miles W
MLS#IV21126011
Realist, Doc#763164
139,000
6.51 12/29/2021
Similar
21,344 sf
+0.75
Residential
None
Inferior (shape)
+0.5
Owner
6/185
263-160-029
02/24/2021
$0 Quit Claim Deed
1.25 ($ 1.25 /sf)
7.76 19.2
19.2 Eucalyptus Ave
Moreno Valley, CA 92553
0.32 miles S
MLS#190060368
Realist, Doc#385345
150,000
7.03 06/25/2021
Similar
21,344 sf
+0.75
Residential
None
Typical
Owner
266/558
479-090-003
10/05/2017
$0 Grant Deed
0.75 ($ 0.75 /sf)
7.78 10.7
10.7 13611 Elsworth St
Moreno Valley, CA 92553
1.87 miles SW
MLS#IG20241403
Realist, Doc#
94107
115,000
9.43 02/01/2021
Similar
12,197
-1.5
Residential
None
Typical
Owner
60/60
291-140-017
04/09/2012
$0 Grant Deed
-1.5
($ -1.50 /sf)
7.93 15.9
15.9 The MLS search for comparable land sales included the entire city of Moreno Valley in the past two years.
Data is limited. Each MLS listed was reviewed and six were visited/photo'd. Three were selected to represent the subject. The dollar per square foot is used for as the unit of comparison. The comps are in order of purchase; the most recent first.
Comps 1 and 3 are located at the west end of the City, while Comp 2 is in the immediate area.
Comp 1 is a triangular shape, which reduces its functional utility (inferior).
Based on economies of scale smaller properties tend to sell for more on a dollar-per-square-foot bases. Therefore, size adjustments are applied.
The concluded value is $7.80 per square foot.
.
The two most recent sales indicate a value near $7.80 per square foot. 18,000 sf x $7.80 = $140,400, rounded to $140,000.
140,000
Form AI1205 - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Client: Client File #:
Subject Property: Appraisal File #:
SITE VALUATION
Site Valuation Methodology
Sales Comparison Approach: A set of procedures in which a value indication is derived by comparing the property being appraised to similar properties that have been sold recently, then applying appropriate units of comparison and making adjustments to the sale prices of the comparables based on the elements of comparison. The sales comparison approach may be used to value improved properties, vacant land, or land being considered as though vacant; it is the most common and preferred method of land valuation when an adequate supply of comparable sales are available.
Market Extraction: A method of estimating land value in which the depreciated cost of the improvements on the improved property is estimated and deducted from the total sale price to arrive at an estimated sale price for the land; most effective when the improvements contribute little to the total sale price of the property.
Alternative Method: (Describe methodology and rationale) Site Valuation
ITEM SUBJECT COMPARISON 1 COMPARISON 2 COMPARISON 3
Address
Proximity to Subject
Data Source/
Verification
Sales Price $ $ $ $
Price / $ $ $ $
Sale Date
Location
Site Size
Site View
Site Improvements
Net Adjustment + – + – + –
Indicated Value
Net Adj.
Gross Adj.
Net Adj.
Gross Adj.
Net Adj.
Gross Adj.
$ $ $
$ $ $
% % %
% % %
Prior Transfer
History
Site Valuation Comments:
Site Valuation Reconciliation:
Opinion of Site Value $
*NOTICE: The Appraisal Institute publishes this form for use by appraisers where the appraiser deems use of the form appropriate. Depending on the assignment, the appraiser may need to provide additional data, analysis and work product not called for in this form. The Appraisal Institute makes no representations, warranties or guarantees as to, and assumes no responsibility for, the data, analysis or work product, or third party certifications, verifications, data specifications, scores, indexes, or valuation tools, used or provided by the individual appraiser(s) or others in the specific contents of the AI Reports®. AI Reports® AI-120.05 Appraisal Report - Land© Appraisal Institute 2017, All Rights Reserved June 2017 A.7.a
Packet Pg. 246
Attachment: Appraisal - APN 481-130-022 – 24124 Fir Avenue, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL PROPERTY)
SCOPE OF THE APPRAISAL
This appraisal report is intended to be an "appraisal assignment" as defined in the Standards of Professional Practice of the Appraisal Institute; i.e. it is the intent that the appraisal service be performed in such a manner that the results of the analysis, opinion, or conclusions be that of a disinterested third party. The appraiser has the appropriate knowledge, education and experience to complete this assignment competently. Refer to attached USPAP Identification for further details.
Activities undertaken during the course of this appraisal are as follows:
· A physical observation of the subject property and surrounding neighborhood on March 29, 2022. · Research and investigation of current market conditions relative to the property type being appraised, as well as the market sector with which the subject is identified.
· Interviews with brokers, appraisers, property owners, and/or managers, as well as relevant public agencies or governing bodies.
· And, compilation of the descriptions, reasoning and explanations, leading to final value conclusions, within this report.
Please Note: Unless otherwise noted in this report, a title report, environmental report, seismic report, construction or repair estimates or soil report were not submitted to the appraiser for review. Additionally, the expertise of the appraiser does not extend to building, insect/rodent infestation, or environmental inspection, and the appraiser will not be responsible for discovery.
This is especially true of environmental hazards, including household molds.
HAZARDOUS MATERIAL STATEMENT
Unless otherwise stated in this report, the existence of hazardous material, which may or may not be present on the property was not observed by the appraiser. The appraiser has no knowledge of the existence of such material on the property. The appraiser, however, is not qualified to detect such substances. The presence of substance such as asbestos, lead paint, "Chinese drywall", or other hazardous materials may affect the value of the property. The value estimate is predicated on the assumption that there is not such material on or in the property that would cause a loss of value. No responsibility is assumed for any conditions, or for any expertise or engineering knowledge required to discover them. In addition, the value opinion offered within this report is based upon the various elements that constitute the subject property being fundamentally sound and in working order. Attics and crawl space areas are typically not accessed and the "inspection" conducted for this appraisal is really more of an "observation". It is not to be regarded as a full property inspection of the type intended to reveal defects in mechanical systems, structural integrity, roofing, siding, or any other property component. The client is invited and encouraged to employ qualified experts to inspect and address any area of concern. If negative conditions are discovered, the opinion of value may require modification.
ELECTRONIC SIGNATURE
This appraisal report was transmitted via electronic mail. Therefore, the signature on this is appraisal report is a digital signature, which was computer generated. The electronic signature on this report carries the same level of authenticity as an ink signature on a paper copy. This report has been electronically prepared in compliance with USPAP guidelines which includes secure and adequate security measures are in place to protect data produced by the appraiser. In you have any concerns, whatsoever, or questions regarding digitally transmitted signatures, please contact me at (951) 850-4115.
REAL ESTATE TAXES
See attached tax bill from County Assessor's website.
DEFINITION OF EXPOSURE TIME
The Appraisal Institute text The Dictionary of Real Estate Appraisal, 5th Edition, defines “Exposure Time” as:
The estimated length of time the property interest being appraised would have been offered on the market prior to the hypothetical consummation of a sale at market value on the effective date of the appraisal; a retrospective estimate based on an analysis of past events assuming a competitive and open market.
DAYS ON MARKET (DOM)
The Days On Market (DOM) listed in the Sale Grid are generally calculated from the most recent price reduction to reflect the exposure period at that price level. The total/cumulative days on market (CDOM) is also indicated Supplemental Addendum
Form TADD_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE DX2039
City of Moreno Valley
24124 Fir Ave
Moreno Valley
Riverside
CA
92553
Moreno Valley Housing Authority
Client
Owner
Property Address
City County State Zip Code
File No.
A.7.a
Packet Pg. 247
Attachment: Appraisal - APN 481-130-022 – 24124 Fir Avenue, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL PROPERTY) Market Trend Graph and Neighborhood Aerial
City of Moreno Valley
24124 Fir Ave
Moreno Valley
Riverside
CA
92553
Moreno Valley Housing Authority
All MLS listed sales of single-family residences in the market area over the past year.
Neighborhood
Form PIC2W_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Client
Owner
Property Address
City County State Zip Code
A.7.a
Packet Pg. 248
Attachment: Appraisal - APN 481-130-022 – 24124 Fir Avenue, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL PROPERTY) Form LPICPIX.DSS_LTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Subject Photos
City of Moreno Valley
24124 Fir Ave
Moreno Valley
Riverside
CA
92553
Moreno Valley Housing Authority
Subject
Sales Price
Gross Living Area
Total Rooms
Total Bedrooms
Total Bathrooms
Location
View
Site
Quality
Age
24124 Fir Ave
N/A
N/A
N/A
N/A
N/A
Typical
Residential
18,000 sf
N/A
N/A
Street
Client
Owner
Property Address
City County State Zip Code
A.7.a
Packet Pg. 249
Attachment: Appraisal - APN 481-130-022 – 24124 Fir Avenue, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL PROPERTY) Form DS%LND - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Comparable Land Photo Page
City of Moreno Valley
24124 Fir Ave
Moreno Valley
Riverside
CA
92553
Moreno Valley Housing Authority
Comparable
1 Prox. to Subj.
Sales Price
Date of Sale
Location
Site/View
Functional Utility
Sale Type
DOM/CDOM
Edgemont St
2.49 miles W
139,000
12/29/2021
Similar
Residential
Inferior (shape)
Owner
6/185
Comparable
2 Prox. to Subj.
Sales Price
Date of Sale
Location
Site/View
Functional Utility
Sale Type
DOM/CDOM
Eucalyptus Ave
0.32 miles S
150,000
06/25/2021
Similar
Residential
Typical
Owner
266/558
Comparable
3 Prox. to Subj.
Sales Price
Date of Sale
Location
Site/View
Functional Utility
Sale Type
DOM/CDOM
13611 Elsworth St
1.87 miles SW
115,000
02/01/2021
Similar
Residential
Typical
Owner
60/60
Client
Owner
Property Address
City County State Zip Code
A.7.a
Packet Pg. 250
Attachment: Appraisal - APN 481-130-022 – 24124 Fir Avenue, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL PROPERTY) Form MAP_LT.LOC - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Location Map
City of Moreno Valley
24124 Fir Ave
Moreno Valley
Riverside
CA
92553
Moreno Valley Housing Authority
Client
Owner
Property Address
City County State Zip Code
A.7.a
Packet Pg. 251
Attachment: Appraisal - APN 481-130-022 – 24124 Fir Avenue, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL PROPERTY) Plat Map
Form SCNLTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE A.7.a
Packet Pg. 252
Attachment: Appraisal - APN 481-130-022 – 24124 Fir Avenue, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL PROPERTY) Realist - Page 1
Form SCNLTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE A.7.a
Packet Pg. 253
Attachment: Appraisal - APN 481-130-022 – 24124 Fir Avenue, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL PROPERTY) Realist - Page 2
Form SCNLTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE A.7.a
Packet Pg. 254
Attachment: Appraisal - APN 481-130-022 – 24124 Fir Avenue, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL PROPERTY) Parcel Report
Form SCNLTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE A.7.a
Packet Pg. 255
Attachment: Appraisal - APN 481-130-022 – 24124 Fir Avenue, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL PROPERTY) Tax Report
Form SCNLTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE A.7.a
Packet Pg. 256
Attachment: Appraisal - APN 481-130-022 – 24124 Fir Avenue, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL PROPERTY) License
Form SCNLTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE A.7.a
Packet Pg. 257
Attachment: Appraisal - APN 481-130-022 – 24124 Fir Avenue, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL PROPERTY) 24124 Fir Ave
DX2039
GP Residential Certifications Addendum
24124 Fir Ave
Moreno Valley
CA
92553
City of Moreno Valley
PO Box 88005, Moreno Valley, CA 92552
Robert R. King, SRA
28131 White Sand Trl, Moreno Valley, CA 92555-5436
STATEMENT OF ASSUMPTIONS & LIMITING CONDITIONS
- The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title to it. The appraiser assumes that the title is good and marketable and, therefore, will not render any opinions about the title. The property is appraised on the basis of it being under responsible ownership.
- The appraiser may have provided a sketch in the appraisal report to show approximate dimensions of the improvements, and any such sketch is included only to assist the reader of the report in visualizing the property and understanding the appraiser's determination of its size.
Unless otherwise indicated, a Land Survey was not performed. - If so indicated, the appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency (or other data sources) and has noted in the appraisal report whether the subject site is located in an identified Special Flood Hazard Area.
Because the appraiser is not a surveyor, he or she makes no guarantees, express or implied, regarding this determination. - The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question, unless specific arrangements to do so have been made beforehand.
- If the cost approach is included in this appraisal, the appraiser has estimated the value of the land in the cost approach at its highest and best use, and the improvements at their contributory value. These separate valuations of the land and improvements must not be used in conjunction with any other appraisal and are invalid if they are so used. Unless otherwise specifically indicated, the cost approach value is not an insurance value, and should not be used as such.
- The appraiser has noted in the appraisal report any adverse conditions (including, but not limited to, needed repairs, depreciation, the presence of hazardous wastes, toxic substances, etc.) observed during the inspection of the subject property, or that he or she became aware of during the normal research involved in performing the appraisal. Unless otherwise stated in the appraisal report, the appraiser has no knowledge of any hidden or unapparent conditions of the property, or adverse environmental conditions (including, but not limited to, the presence of hazardous wastes, toxic substances, etc.) that would make the property more or less valuable, and has assumed that there are no such conditions and makes no guarantees or warranties, express or implied, regarding the condition of the property. The appraiser will not be responsible for any such conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist. Because the appraiser is not an expert in the field of environmental hazards, the appraisal report must not be considered as an environmental assessment of the property.
- The appraiser obtained the information, estimates, and opinions that were expressed in the appraisal report from sources that he or she considers to be reliable and believes them to be true and correct. The appraiser does not assume responsibility for the accuracy of such items that were furnished by other parties.
- The appraiser will not disclose the contents of the appraisal report except as provided for in the Uniform Standards of Professional Appraisal Practice, and any applicable federal, state or local laws. - If this appraisal is indicated as subject to satisfactory completion, repairs, or alterations, the appraiser has based his or her appraisal report and valuation conclusion on the assumption that completion of the improvements will be performed in a workmanlike manner. - An appraiser's client is the party (or parties) who engage an appraiser in a specific assignment. Any other party acquiring this report from the client does not become a party to the appraiser-client relationship. Any persons receiving this appraisal report because of disclosure requirements applicable to the appraiser's client do not become intended users of this report unless specifically identified by the client at the time of the assignment.
- The appraiser's written consent and approval must be obtained before this appraisal report can be conveyed by anyone to the public, through advertising, public relations, news, sales, or by means of any other media, or by its inclusion in a private or public database. - An appraisal of real property is not a 'home inspection' and should not be construed as such. As part of the valuation process, the appraiser performs a non-invasive visual inventory that is not intended to reveal defects or detrimental conditions that are not readily apparent. The presence of such conditions or defects could adversely affect the appraiser's opinion of value. Clients with concerns about such potential negative factors are encouraged to engage the appropriate type of expert to investigate.
Form GPRES2AD_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE File No.:
Property Address: City: State: Zip Code:
Client: Address:
Appraiser: Address:
Copyright© 2007 by a la mode, inc. This form may be reproduced unmodified without written permission, however, a la mode, inc. must be acknowledged and credited. 3/2007
A.7.a
Packet Pg. 258
Attachment: Appraisal - APN 481-130-022 – 24124 Fir Avenue, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL PROPERTY) 24124 Fir Ave
DX2039
Definitions & Scope of Work
24124 Fir Ave
Moreno Valley
CA
92553
City of Moreno Valley
PO Box 88005, Moreno Valley, CA 92552
Robert R. King, SRA
28131 White Sand Trl, Moreno Valley, CA 92555-5436
DEFINITION OF MARKET VALUE *:
Market value means the most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller each acting prudently and knowledgeably, and assuming the price is not affected by undue stimulus.
Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby:
1. Buyer and seller are typically motivated;
2. Both parties are well informed or well advised and acting in what they consider their best interests;
3. A reasonable time is allowed for exposure in the open market;
4. Payment is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto; and
5. The price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions granted by anyone associated with the sale.
*
The Dictionary of Real Estate Appraisal; Fifth Edition.
DEFINITION OF FAIR MARKET VALUE*:
"The fair market value is the price at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts. The fair market value of a
particular item of property includable in the decedent's gross estate is not to be determined by a forced sale price. Nor is the fair market value of an item of property to be determined by the sale price of the item in a market other than that in which such item is most commonly sold to the public, taking into account the location of the item wherever appropriate." * Per IRS Regulation 20.2031-1
The Scope of Work is the type and extent of research and analyses performed in an appraisal assignment that is required to produce credible assignment results, given the nature of the appraisal problem, the specific requirements of the intended user(s) and the intended use of the appraisal report. Reliance upon this report, regardless of how acquired, by any party or for any use, other than those specified in
this report by the Appraiser, is prohibited. The Opinion of Value that is the conclusion of this report is credible only within the context
of the Scope of Work, Effective Date, the Date of Report, the Intended User(s), the Intended Use, the stated Assumptions and Limiting Conditions, any Hypothetical Conditions and/or Extraordinary Assumptions, and the Type of Value, as defined herein. The appraiser,
appraisal firm, and related parties assume no obligation, liability, or accountability, and will not be responsible for any unauthorized
use of this report or its conclusions.
Additional Comments (Scope of Work, Extraordinary Assumptions, Hypothetical Conditions, etc.):
.
Form GPRES2AD_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE File No.:
Property Address: City: State: Zip Code:
Client: Address:
Appraiser: Address:
Copyright© 2007 by a la mode, inc. This form may be reproduced unmodified without written permission, however, a la mode, inc. must be acknowledged and credited. 3/2007
A.7.a
Packet Pg. 259
Attachment: Appraisal - APN 481-130-022 – 24124 Fir Avenue, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL PROPERTY) 24124 Fir Ave
DX2039
Certifications
24124 Fir Ave
Moreno Valley
CA
92553
City of Moreno Valley
PO Box 88005, Moreno Valley, CA 92552
Robert R. King, SRA
28131 White Sand Trl, Moreno Valley, CA 92555-5436
.
APPRAISER'S
CERTIFICATION
I certify that, to the best of my knowledge and belief:
- The statements of fact contained in this report are true and correct. - The credibility of this report, for the stated use by the stated user(s), of the reported analyses, opinions, and conclusions are limited only
by the reported assumptions and limiting conditions, and are my personal, impartial, and unbiased professional analyses, opinions, and conclusions.
- I have no present or prospective interest in the property that is the subject of this report and no personal interest with
respect to the parties involved.
- I have no bias with respect to the property that is the subject of this report or to the parties involved with this assignment. - My engagement in this assignment was not contingent upon developing or reporting predetermined results. - My compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in value that favors the cause of the client, the amount of the value opinion, the attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended use of this appraisal. - My analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the Uniform Standards of Professional Appraisal Practice that were in effect at the time this report was prepared. - I did not base, either partially or completely, my analysis and/or the opinion of value in the appraisal report on the race, color, religion, sex, handicap, familial status, or national origin of either the prospective owners or occupants of the subject property, or of the present owners or occupants of the properties in the vicinity of the subject property. - Unless otherwise indicated, I have made a personal inspection of the property that is the subject of this report. - Unless otherwise indicated, no one provided significant real property appraisal assistance to the person(s) signing this certification.
Additional Certifications: As of the date of this report, I Robert R. King have completed the Standards and Ethics Education Requirement of the Appraisal Institute for Designated Members.
Melissa Elizondo - Senior Accountant
City of Moreno Valley
[email protected]
PO Box 88005, Moreno Valley, CA 92552
Robert R. King, SRA
Del Rey Appraisal Services
(951) 850-4115
---
[email protected]
04/04/2022
AG033647
CA
SRA
04/08/2022
03/29/2022
CA
04/08/2022
N/A
Form GPRES2AD_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE File No.:
Property Address: City: State: Zip Code:
Client: Address:
Appraiser: Address:
SIG N ATU RES
Client Contact:
Client Name:
E-Mail: Address:
APPRAISER
Appraiser Name:
Company:
Phone:
Fax:
E-Mail:
Date Report Signed:
License or Certification #:
State:
Designation:
Expiration Date of License or Certification:
Inspection of Subject: Interior & Exterior Exterior Only None Date of Inspection:
SUPERVISORY APPRAISER (if required)
or CO-APPRAISER (if applicable)
Supervisory or
Co-Appraiser Name:
Company:
Phone:
Fax:
E-Mail:
Date Report Signed:
License or Certification #:
State:
Designation:
Expiration Date of License or Certification:
Inspection of Subject: Interior & Exterior Exterior Only None Date of Inspection:
Copyright© 2007 by a la mode, inc. This form may be reproduced unmodified without written permission, however, a la mode, inc. must be acknowledged and credited. 3/2007
A.7.a
Packet Pg. 260
Attachment: Appraisal - APN 481-130-022 – 24124 Fir Avenue, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL PROPERTY) City of Moreno Valley
DX2039
24124 Fir Ave
Moreno Valley
Riverside
CA
92553
Moreno Valley Housing Authority
APPRAISAL AND REPORT IDENTIFICATION
2-2(a)
2-2(b)
Comments on Standards Rule 2-3
I certify that, to the best of my knowledge and belief:
- The statements of fact contained in this report are true and correct. - The reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions and are my personal, impartial, and unbiased professional analyses, opinions, and conclusions.
- Unless otherwise indicated, I have no present or prospective interest in the property that is the subject of this report and no personal interest with respect to the parties involved. - Unless otherwise indicated, I have performed no services, as an appraiser or in any other capacity, regarding the property that is the subject of this report within the three-year period immediately preceding acceptance of this assignment. - I have no bias with respect to the property that is the subject of this report or the parties involved with this assignment. - My engagement in this assignment was not contingent upon developing or reporting predetermined results. - My compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in value that favors the cause of the client, the amount of the value opinion, the attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended use of this appraisal. - My analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the Uniform Standards of Professional Appraisal Practice that were in effect at the time this report was prepared.
- Unless otherwise indicated, I have made a personal inspection of the property that is the subject of this report. - Unless otherwise indicated, no one provided significant real property appraisal assistance to the person(s) signing this certification (if there are exceptions, the name of each individual providing significant real property appraisal assistance is stated elsewhere in this report).
Comments on Appraisal and Report Identification
The reported analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the requirements of the Code of Professional Ethics & Standards of Professional Appraisal Practice of the Appraisal Institute. The use of this report is subject to the requirements of the Appraisal Institute relating to review by its duly authorized representatives.
Robert R. King, SRA
SRA
AG033647
CA
04/08/2022
04/04/2022
03/29/2022
03/29/2022
AG033647
CA
04/08/2022
04/02/2022
N/A
Form ID14_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Client
Owner
File No.
Property Address
City County State Zip Code
This Report is one
of the following types:
Appraisal Report (A written report prepared under Standards Rule , pursuant to the Scope of Work, as disclosed elsewhere in this report.) Restricted
Appraisal Report
(A written report prepared under Standards Rule , pursuant to the Scope of Work, as disclosed elsewhere in this report, restricted to the stated intended use by the specified client or intended user.) APPRAISER:
Signature:
Name:
State Certification #:
or State License #:
State:
Expiration Date of Certification or License:
Date of Signature and Report:
Effective Date of Appraisal:
Inspection of Subject: None Interior and Exterior Exterior-Only Date of Inspection (if applicable):
SUPERVISORY or CO-APPRAISER (if applicable):
Signature:
Name:
State Certification #:
or State License #:
State:
Expiration Date of Certification or License:
Date of Signature:
Inspection of Subject: None Interior and Exterior Exterior-Only Date of Inspection (if applicable):
A.7.a
Packet Pg. 261
Attachment: Appraisal - APN 481-130-022 – 24124 Fir Avenue, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL PROPERTY) In the course of performing appraisals, we may collect what is known as "nonpublic personal information" about you. This information is used to facilitate the services that we provide to you and may include the information provided to us by you directly or received by us from others with your authorization.
We do not disclose any nonpublic personal information obtained in the course of our engagement with our clients to nonaffiliated third parties, except as necessary or as required by law. By way of example, a necessary disclosure would be to our employees, and in certain situations, to unrelated third party consultants who need to know that information to assist us in providing appraisal services to you. All of our employees and any third party consultants we employ are informed that any information they see as part of an appraisal assignment is to be maintained in strict confidence within the firm.
A disclosure required by law would be a disclosure by us that is ordered by a court of competent jurisdiction with regard to a legal action to which you are a party.
We will retain records relating to professional services that we have provided to you for a reasonable time so that we are better able to assist you with your needs. In order to protect your nonpublic personal information from unauthorized access by third parties, we maintain physical, electronic and procedural safeguards that comply with our professional standards to insure the security and integrity of your information.
Please feel free to call us any time if you have any questions about the confidentiality of the information that you provide to us.
Del Rey Appraisal Services
Form PRV - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
PRIVACY NOTICE
Pursuant to the Gramm-Leach-Bliley Act of 1999, effective July 1, 2001, Appraisers, along with all providers of personal financial services are now required by federal law to inform their clients of the policies of the firm with regard to the privacy of client nonpublic personal information. As professionals, we understand that your privacy is very important to you and are pleased to provide you with this information.
Types of Nonpublic Personal Information We Collect
Parties to Whom We Disclose Information
Confidentiality and Security
A.7.a
Packet Pg. 262
Attachment: Appraisal - APN 481-130-022 – 24124 Fir Avenue, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL PROPERTY)
APPRAISAL OF REAL PROPERTY
VACANT LAND
24108 Fir Ave
Moreno Valley, CA 92553
POR LOT 66 MB 015/090 EDGEMONT GARDENS
City of Moreno Valley
PO Box 88005
Moreno Valley, CA 92552
$150,000
03/29/2022
Robert R. King, SRA
Del Rey Appraisal Services
28131 White Sand Trl
Moreno Valley, CA 92555-5436
(951) 850-4115
[email protected]
Form GA1V_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
LOCATED AT
FOR
OPINION OF VALUE
AS OF
BY
A.7.b
Packet Pg. 263
Attachment: Appraisal – APN 481-130-023 – 24108 Fir Avenue, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL PROPERTY) Del Rey Appraisal Services
28131 White Sand Trl
Moreno Valley, CA 92555-5436
(951) 850-4115
04/04/2022
Melissa Elizondo - Senior Accountant
City of Moreno Valley
PO Box 88005
Moreno Valley, CA 92552
Re:
Property:
24108 Fir Ave
Moreno Valley, CA 92553
Client:
City of Moreno Valley
File No.:
DX2040
Opinion of Value: $
150,000
Effective Date:
03/29/2022
In accordance with your request, I have appraised the above referenced property. The report of that appraisal is attached. The intended use of this appraisal is for internal planning purposes; potential purchase. The intended user is the City of Moreno Valley.
The purpose of the appraisal is to develop an opinion of market value for the property described in this appraisal report, as improved, in unencumbered fee simple title of ownership.
This report is based on a physical analysis of the site and improvements, a locational analysis of the neighborhood and city, and an economic analysis of the market for properties such as the subject. The appraisal was developed and the report was prepared in accordance with the Uniform Standards of Professional Appraisal Practice.
The opinion of value reported above is as of the stated effective date and is contingent upon the certification and limiting conditions attached.
It has been a pleasure to assist you. Please do not hesitate to contact me if I can be of additional service to you.
Sincerely,
Robert R. King, SRA
Del Rey Appraisal Services
License or Certification #: AG033647
State: CA Expires: 04/08/2022
[email protected]
A.7.b
Packet Pg. 264
Attachment: Appraisal – APN 481-130-023 – 24108 Fir Avenue, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL PROPERTY) DX2040
City of Moreno Valley
24108 Fir Ave
Moreno Valley
Riverside
CA
92553
Moreno Valley Housing Authority
Cover Page ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Letter of Transmittal ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Table of Contents ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Summary of Salient Features ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Appraisal Report - Land ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Supplemental Addendum ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Market Trend Graph and Neighborhood Aerial ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Subject Photos ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Land Comparable Photos 1-3 ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Location Map ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Plat Map ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Realist - Page 1 ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Realist - Page 2 ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Parcel Report ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Tax Report ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
License ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
GP Residential Certifications Addendum ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
USPAP Identification ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
GLB Act Privacy Notification .................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... 1 2
3 4
5 9
10 11
12 13
14 15
16 17
18 19
20 23
24 Form TOCNP_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Client
Owner
File No.
Property Address
City County State Zip Code
TABLE OF CONTENTS
A.7.b
Packet Pg. 265
Attachment: Appraisal – APN 481-130-023 – 24108 Fir Avenue, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL PROPERTY) Form SSD2_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE 24108 Fir Ave
POR LOT 66 MB 015/090 EDGEMONT GARDENS
Moreno Valley
Riverside
CA
92553
0425.15
40140
N/A
N/A
City of Moreno Valley
Moreno Valley Housing Authority
N/A
N/A
Typical
N/A
N/A
N/A
N/A
N/A
Robert R. King, SRA
03/29/2022
150,000
Client
Owner
SUMMARY OF SALIENT FEATURES
SU BJECT INFOR M ATION
Subject Address
Legal Description
City
County
State
Zip Code
Census Tract
Map Reference
SALES PR ICE
Sale Price
Date of Sale
$
CLIENTDESCR IPTION OF IM PR OVEM ENTS
Size (Square Feet)
Price per Square Foot
Location
Age
Condition
Total Rooms
Bedrooms
Baths
$
APPR AISER
Appraiser
Date of Appraised Value
VALU E
Opinion of Value $
A.7.b
Packet Pg. 266
Attachment: Appraisal – APN 481-130-023 – 24108 Fir Avenue, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL PROPERTY) Del Rey Appraisal Services
24108 Fir Ave
DX2040
Del Rey Appraisal Services
28131 White Sand Trl, Moreno Valley, CA 92555-5436
(951) 850-4115
---
Robert R. King, SRA
---
[email protected]
City of Moreno Valley
Melissa Elizondo - Senior Accountant
PO Box 88005, Moreno Valley, CA 92552
(951) 413-3073
[email protected]
24108 Fir Ave
Moreno Valley
Riverside
CA
92553
POR LOT 66 MB 015/090 EDGEMONT GARDENS
481-130-023
3,346
2021
Vacant Residential Land
Vacant Residential Land
Hold for future development
Moreno Valley Housing Authority
Refer to attached Realist for history. No transfers
reported in the past three years.
No currently MLS listings and no know contracts.
150,000
N/A
N/A
The Sale Comparison Approach was the only approach deemed appropriate for this appraisal assignment. Participants in this market are not relying on either the Cost Approach or the Income Approach for purchasing vacant residential land.
03/29/2022
150,000
The concluded value is based on an exposure time of six to eighteen months.
Form AI1205 - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Client File #: Appraisal File #:
Form 120.05*
Appraisal Report • Land
Appraisal Company:
Address:
Phone: Fax: Website:
Appraiser:
AI Membership (if any): SRA MAI SRPA AI-GRS AI-RRS
AI Affiliation (if any): Candidate for Designation Practicing Affiliate Other Professional Affiliation:
E-mail:
Co-Appraiser:
AI Membership (if any): SRA MAI SRPA AI-GRS AI-RRS
AI Affiliation (if any): Candidate for Designation Practicing Affiliate Other Professional Affiliation:
E-mail:
Client: Contact:
Address:
Phone: Fax: E-mail:
SUBJECT PROPERTY IDENTIFICATION
Address:
City: County: State: ZIP:
Legal Description:
Tax Parcel #: RE Taxes: Tax Year:
Use of the Real Estate As of the Date of Value:
Use of the Real Estate Reflected in the Appraisal:
Opinion of highest and best use (if required):
SUBJECT PROPERTY HISTORY
Owner of Record:
Description and analysis of sales within 3 years (minimum) prior to effective date of value:
Description and analysis of agreements of sale (contracts), listings, and options:
RECONCILIATIONS AND CONCLUSIONS
Indication of Value by Sales Comparison Approach $
Indication of Value by Cost Approach $
Indication of Value by Income Approach $
Final Reconciliation of the Methods and Approaches to Value:
Opinion of Value as of: $
Exposure Time:
The above opinion is subject to: Hypothetical Conditions and/or Extraordinary Assumptions cited on the following page. *NOTICE: The Appraisal Institute publishes this form for use by appraisers where the appraiser deems use of the form appropriate. Depending on the assignment, the appraiser may need to provide additional data, analysis and work product not called for in this form. The Appraisal Institute makes no representations, warranties or guarantees as to, and assumes no responsibility for, the data, analysis or work product, or third party certifications, verifications, data specifications, scores, indexes, or valuation tools, used or provided by the individual appraiser(s) or others in the specific contents of the AI Reports®. AI Reports® AI-120.05 Appraisal Report - Land© Appraisal Institute 2017, All Rights Reserved June 2017 A.7.b
Packet Pg. 267
Attachment: Appraisal – APN 481-130-023 – 24108 Fir Avenue, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL PROPERTY) City of Moreno Valley
24108 Fir Ave
24108 Fir Ave, Moreno Valley, CA 92553
DX2040
City of Moreno Valley
Internal planning by the client, City of Moreno Valley; potential purchase. There are no other intended use or users.
Market Value
03/29/2022
None noted.
None noted.
03/29/2022
On site viewing, Realist Tax (attached).
N/A
The intended use of this appraisal is for the City's internal planning purposes; potential purchase.
The intended user is the City of Moreno Valley. The appraiser specifically disclaims any liability, whatsoever, for any non-intended use by any non-intended user.
Form AI1205 - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Client: Client File #:
Subject Property: Appraisal File #:
ASSIGNMENT PARAMETERS
Intended User(s):
Intended Use:
This report is not intended by the appraiser for any other use or by any other user.
Type of Value: Effective Date of Value:
Interest Appraised: Fee Simple Leasehold Other
Hypothetical Conditions: (A hypothetical condition is that which is contrary to what exists, but is asserted by the appraiser for the purpose of analysis. Any hypothetical condition may affect the assignment results.) Extraordinary Assumptions: (An extraordinary assumption is directly related to a specific assignment and presumes uncertain information to be factual. If found to be false this assumption could alter the appraiser’s opinions or conclusions. Any extraordinary assumption may affect the assignment results.)
This is an Appraisal Report in accordance with Standard Rule 2-2(a) of the Uniform Standard of Professional Appraisal Practice (USPAP).
SCOPE OF WORK
Definition: The scope of work is the type and extent of research and analysis in an assignment. Scope of work includes the extent to which the property is identified, the extent to which tangible property is inspected, the type and extent of data research, and the type and extent of analysis applied to arrive at credible opinions or conclusions. The specific scope of work for this assignment is identified below and throughout this report.
Scope of Subject Property Inspection/Data Sources Utilized Approaches to Value Developed Appraiser
Property Inspection: Yes No
Date of Inspection:
Describe Scope of Property Inspection, Source of Area Calculations and Data Sources Consulted:
Co-Appraiser
Property Inspection: Yes No
Date of Inspection:
Describe Scope of Property Inspection, Source of Area Calculations and Data Sources Consulted:
Cost Approach:
Is necessary for credible results and is developed in this analysis Is not necessary for credible results; not developed in this analysis Is not necessary for credible results but is developed in this analysis Sales Comparison Approach:
Is necessary for credible results and is developed in this analysis Is not necessary for credible results; not developed in this analysis Is not necessary for credible results but is developed in this analysis Income Approach:
Is necessary for credible results and is developed in this analysis Is not necessary for credible results; not developed in this analysis Is not necessary for credible results but is developed in this analysis Additional Scope of Work Comments:
Significant Real Property Appraisal Assistance: None Disclose Name(s) and contribution:
*NOTICE: The Appraisal Institute publishes this form for use by appraisers where the appraiser deems use of the form appropriate. Depending on the assignment, the appraiser may need to provide additional data, analysis and work product not called for in this form. The Appraisal Institute makes no representations, warranties or guarantees as to, and assumes no responsibility for, the data, analysis or work product, or third party certifications, verifications, data specifications, scores, indexes, or valuation tools, used or provided by the individual appraiser(s) or others in the specific contents of the AI Reports®. AI Reports® AI-120.05 Appraisal Report - Land© Appraisal Institute 2017, All Rights Reserved June 2017 A.7.b
Packet Pg. 268
Attachment: Appraisal – APN 481-130-023 – 24108 Fir Avenue, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL PROPERTY) City of Moreno Valley
24108 Fir Ave
24108 Fir Ave, Moreno Valley, CA 92553
DX2040
275
575
393
45 73
70 65
0 10
15 10
Moreno Valley
N/A
None
The subject is located in a mixed residential/commercial market area. The subject neighborhood is comprised of a variety of single- and multi-family residential properties with commercial along primary arterials.
Maintenance levels are mixed. Support facilities such as retail, recreation, schools, restaurants, employment, etc. are located the immediate area.
Although the single-family residential prices have increased (see attached regression analysis), in-fill lots remain relatively stable.
General boundaries: North - 60 Freeway; East - Perris Boulevard; South - Dracaea Avenue; West - Heacock Street. 72x300
21,600 sf
Residential
Rectangular
Appears adequate
Typical
R20 - SP 204 VR
N/A
Asphalt
Concrete
Concrete Poles
The subject is a flat, rectangular lot with curb and gutter along Fir Avenue. Note that Realist Tax indicates a lot size of 21,780 square feet, but the dimensions on the plat map indicate 21,600 square feet.
There are older single-family residential properties to its east and north, an apartment complex to across the street to the south, and vacant parcels and commercial properties to the west.
Hold for future development.
The zoning allows for a variety of uses including single- and multi-family residential. As indicated, the surrounding properties are primary residential. There are few speculation builders in the area, so the highest and best use may be to hold for future development.
Form AI1205 - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Client: Client File #:
Subject Property: Appraisal File #:
MARKET AREA ANALYSIS
Location
Urban
Suburban
Rural
Built Up
Under 25%
25-75%
Over 75%
Growth
Rapid
Stable
Slow
Supply & Demand
Shortage
In Balance
Over Supply
Value Trend
Increasing
Stable
Decreasing
Typical Marketing Time
Under 3 Months
3-6 Months
Over 6 Months
Neighborhood Single Family Profile
Price Age
Low
High
Predominant
Neighborhood Land Use
1 Family
%
Condo
%
Multifamily
%
Commercial
%
Vacant
%
%
Neighborhood Name:
PUD Condo HOA: $ /
Amenities:
Market area description and characteristics:
SITE ANALYSIS
Dimensions:
Area:
View:
Shape:
Drainage:
Utility:
Site Similarity/Conformity To Neighborhood Zoning/Deed Restriction Size:
Smaller than Typical
Typical
Larger than Typical
View:
Favorable
Typical
Less than Favorable
Zoning:
Legal
Legal, non-conforming
Illegal
No zoning
Covenants, Condition & Restrictions
Yes No Unknown
Documents Reviewed
Yes No
Ground Rent $ /
Utilities
Electric Public Other
Gas Public Other
Water Public Other
Sewer Public Other
Off Site Improvements
Street Public Private
Alley Public Private
Sidewalk Public Private
Street Lights Public Private
Site description and characteristics:
HIGHEST AND BEST USE ANALYSIS
Present Use Proposed Use Other
Summary of highest and best use analysis:
*NOTICE: The Appraisal Institute publishes this form for use by appraisers where the appraiser deems use of the form appropriate. Depending on the assignment, the appraiser may need to provide additional data, analysis and work product not called for in this form. The Appraisal Institute makes no representations, warranties or guarantees as to, and assumes no responsibility for, the data, analysis or work product, or third party certifications, verifications, data specifications, scores, indexes, or valuation tools, used or provided by the individual appraiser(s) or others in the specific contents of the AI Reports®. AI Reports® AI-120.05 Appraisal Report - Land© Appraisal Institute 2017, All Rights Reserved June 2017 A.7.b
Packet Pg. 269
Attachment: Appraisal – APN 481-130-023 – 24108 Fir Avenue, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL PROPERTY) City of Moreno Valley
24108 Fir Ave
24108 Fir Ave, Moreno Valley, CA 92553
DX2040
(Adj.s, N.A. & I.V. are in $ / sf)
24108 Fir Ave
Moreno Valley, CA 92553
N/A
square foot
N/A
N/A
Typical
21,600 sf
Residential
None
Functional Utility
Typical
Sale Type
N/A
DOM/CDOM
N/A
Assessor Parcel Number
481-130-022
11/21/2014
$0 Quit Claim Deed
Edgemont St
Moreno Valley, CA 92553
2.49 miles W
MLS#IV21126011
Realist, Doc#763164
139,000
6.51 12/29/2021
Similar
21,344 sf
Residential
None
Inferior (shape)
+0.5
Owner
6/185
263-160-029
02/24/2021
$0 Quit Claim Deed
0.5 ($ 0.50 /sf)
7.01 7.7
7.7 Eucalyptus Ave
Moreno Valley, CA 92553
0.33 miles S
MLS#190060368
Realist, Doc#385345
150,000
7.03 06/25/2021
Similar
21,344 sf
Residential
None
Typical
Owner
266/558
479-090-003
10/05/2017
$0 Grant Deed
7.03 Fir Ave
Moreno Valley, CA 92553
0.61 miles E
MLS#OC200556886
Realist, Doc#106564
110,000
5.37 02/18/2021
Similar
20,473 sf
Residential
None
Typical
Owner
208/315
481-171-027
11/09/1999
$0 Grant Deed
5.37 The MLS search for comparable land sales included the entire city of Moreno Valley in the past two years.
Data is limited. Each MLS listed was reviewed and six were visited/photo'd. Three were selected to represent the subject. The dollar per square foot is used for as the unit of comparison. The comps are in order of purchase; the most recent first.
Comp 1 is at the west end of the City, while Comps 2 and 3 are in the immediate area.
Comp 1 is a triangular shape, which reduces its functional utility (inferior). .
The two most recent sales indicate a value near $7.00 per square foot. 21,600 sf x $7.00 = $151,200, rounded to $150,000.
150,000
Form AI1205 - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Client: Client File #:
Subject Property: Appraisal File #:
SITE VALUATION
Site Valuation Methodology
Sales Comparison Approach: A set of procedures in which a value indication is derived by comparing the property being appraised to similar properties that have been sold recently, then applying appropriate units of comparison and making adjustments to the sale prices of the comparables based on the elements of comparison. The sales comparison approach may be used to value improved properties, vacant land, or land being considered as though vacant; it is the most common and preferred method of land valuation when an adequate supply of comparable sales are available.
Market Extraction: A method of estimating land value in which the depreciated cost of the improvements on the improved property is estimated and deducted from the total sale price to arrive at an estimated sale price for the land; most effective when the improvements contribute little to the total sale price of the property.
Alternative Method: (Describe methodology and rationale) Site Valuation
ITEM SUBJECT COMPARISON 1 COMPARISON 2 COMPARISON 3
Address
Proximity to Subject
Data Source/
Verification
Sales Price $ $ $ $
Price / $ $ $ $
Sale Date
Location
Site Size
Site View
Site Improvements
Net Adjustment + – + – + –
Indicated Value
Net Adj.
Gross Adj.
Net Adj.
Gross Adj.
Net Adj.
Gross Adj.
$ $ $
$ $ $
% % %
% % %
Prior Transfer
History
Site Valuation Comments:
Site Valuation Reconciliation:
Opinion of Site Value $
*NOTICE: The Appraisal Institute publishes this form for use by appraisers where the appraiser deems use of the form appropriate. Depending on the assignment, the appraiser may need to provide additional data, analysis and work product not called for in this form. The Appraisal Institute makes no representations, warranties or guarantees as to, and assumes no responsibility for, the data, analysis or work product, or third party certifications, verifications, data specifications, scores, indexes, or valuation tools, used or provided by the individual appraiser(s) or others in the specific contents of the AI Reports®. AI Reports® AI-120.05 Appraisal Report - Land© Appraisal Institute 2017, All Rights Reserved June 2017 A.7.b
Packet Pg. 270
Attachment: Appraisal – APN 481-130-023 – 24108 Fir Avenue, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL PROPERTY)
SCOPE OF THE APPRAISAL
This appraisal report is intended to be an "appraisal assignment" as defined in the Standards of Professional Practice of the Appraisal Institute; i.e. it is the intent that the appraisal service be performed in such a manner that the results of the analysis, opinion, or conclusions be that of a disinterested third party. The appraiser has the appropriate knowledge, education and experience to complete this assignment competently. Refer to attached USPAP Identification for further details.
Activities undertaken during the course of this appraisal are as follows:
· A physical observation of the subject property and surrounding neighborhood on March 29, 2022. · Research and investigation of current market conditions relative to the property type being appraised, as well as the market sector with which the subject is identified.
· Interviews with brokers, appraisers, property owners, and/or managers, as well as relevant public agencies or governing bodies.
· And, compilation of the descriptions, reasoning and explanations, leading to final value conclusions, within this report.
Please Note: Unless otherwise noted in this report, a title report, environmental report, seismic report, construction or repair estimates or soil report were not submitted to the appraiser for review. Additionally, the expertise of the appraiser does not extend to building, insect/rodent infestation, or environmental inspection, and the appraiser will not be responsible for discovery.
This is especially true of environmental hazards, including household molds.
HAZARDOUS MATERIAL STATEMENT
Unless otherwise stated in this report, the existence of hazardous material, which may or may not be present on the property was not observed by the appraiser. The appraiser has no knowledge of the existence of such material on the property. The appraiser, however, is not qualified to detect such substances. The presence of substance such as asbestos, lead paint, "Chinese drywall", or other hazardous materials may affect the value of the property. The value estimate is predicated on the assumption that there is not such material on or in the property that would cause a loss of value. No responsibility is assumed for any conditions, or for any expertise or engineering knowledge required to discover them. In addition, the value opinion offered within this report is based upon the various elements that constitute the subject property being fundamentally sound and in working order. Attics and crawl space areas are typically not accessed and the "inspection" conducted for this appraisal is really more of an "observation". It is not to be regarded as a full property inspection of the type intended to reveal defects in mechanical systems, structural integrity, roofing, siding, or any other property component. The client is invited and encouraged to employ qualified experts to inspect and address any area of concern. If negative conditions are discovered, the opinion of value may require modification.
ELECTRONIC SIGNATURE
This appraisal report was transmitted via electronic mail. Therefore, the signature on this is appraisal report is a digital signature, which was computer generated. The electronic signature on this report carries the same level of authenticity as an ink signature on a paper copy. This report has been electronically prepared in compliance with USPAP guidelines which includes secure and adequate security measures are in place to protect data produced by the appraiser. In you have any concerns, whatsoever, or questions regarding digitally transmitted signatures, please contact me at (951) 850-4115.
REAL ESTATE TAXES
See attached tax bill from County Assessor's website.
DEFINITION OF EXPOSURE TIME
The Appraisal Institute text The Dictionary of Real Estate Appraisal, 5th Edition, defines “Exposure Time” as:
The estimated length of time the property interest being appraised would have been offered on the market prior to the hypothetical consummation of a sale at market value on the effective date of the appraisal; a retrospective estimate based on an analysis of past events assuming a competitive and open market.
DAYS ON MARKET (DOM)
The Days On Market (DOM) listed in the Sale Grid are generally calculated from the most recent price reduction to reflect the exposure period at that price level. The total/cumulative days on market (CDOM) is also indicated Supplemental Addendum
Form TADD_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE DX2040
City of Moreno Valley
24108 Fir Ave
Moreno Valley
Riverside
CA
92553
Moreno Valley Housing Authority
Client
Owner
Property Address
City County State Zip Code
File No.
A.7.b
Packet Pg. 271
Attachment: Appraisal – APN 481-130-023 – 24108 Fir Avenue, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL PROPERTY) Market Trend Graph and Neighborhood Aerial
City of Moreno Valley
24108 Fir Ave
Moreno Valley
Riverside
CA
92553
Moreno Valley Housing Authority
All MLS listed sales of single-family residences in the market area over the past year.
Neighborhood
Form PIC2W_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Client
Owner
Property Address
City County State Zip Code
A.7.b
Packet Pg. 272
Attachment: Appraisal – APN 481-130-023 – 24108 Fir Avenue, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL PROPERTY) Form LPICPIX.DSS_LTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Subject Photos
City of Moreno Valley
24108 Fir Ave
Moreno Valley
Riverside
CA
92553
Moreno Valley Housing Authority
Subject
Sales Price
Gross Living Area
Total Rooms
Total Bedrooms
Total Bathrooms
Location
View
Site
Quality
Age
24108 Fir Ave
N/A
N/A
N/A
N/A
N/A
Typical
Residential
21,600 sf
N/A
N/A
Street
Client
Owner
Property Address
City County State Zip Code
A.7.b
Packet Pg. 273
Attachment: Appraisal – APN 481-130-023 – 24108 Fir Avenue, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL PROPERTY) Form DS%LND - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Comparable Land Photo Page
City of Moreno Valley
24108 Fir Ave
Moreno Valley
Riverside
CA
92553
Moreno Valley Housing Authority
Comparable
1 Prox. to Subj.
Sales Price
Date of Sale
Location
Site/View
Functional Utility
Sale Type
DOM/CDOM
Edgemont St
2.49 miles W
139,000
12/29/2021
Similar
Residential
Inferior (shape)
Owner
6/185
Comparable
2 Prox. to Subj.
Sales Price
Date of Sale
Location
Site/View
Functional Utility
Sale Type
DOM/CDOM
Eucalyptus Ave
0.33 miles S
150,000
06/25/2021
Similar
Residential
Typical
Owner
266/558
Comparable
3 Prox. to Subj.
Sales Price
Date of Sale
Location
Site/View
Functional Utility
Sale Type
DOM/CDOM
Fir Ave
0.61 miles E
110,000
02/18/2021
Similar
Residential
Typical
Owner
208/315
Client
Owner
Property Address
City County State Zip Code
A.7.b
Packet Pg. 274
Attachment: Appraisal – APN 481-130-023 – 24108 Fir Avenue, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL PROPERTY) Form MAP_LT.LOC - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Location Map
City of Moreno Valley
24108 Fir Ave
Moreno Valley
Riverside
CA
92553
Moreno Valley Housing Authority
Client
Owner
Property Address
City County State Zip Code
A.7.b
Packet Pg. 275
Attachment: Appraisal – APN 481-130-023 – 24108 Fir Avenue, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL PROPERTY) Plat Map
Form SCNLTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE A.7.b
Packet Pg. 276
Attachment: Appraisal – APN 481-130-023 – 24108 Fir Avenue, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL PROPERTY) Realist - Page 1
Form SCNLTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE A.7.b
Packet Pg. 277
Attachment: Appraisal – APN 481-130-023 – 24108 Fir Avenue, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL PROPERTY) Realist - Page 2
Form SCNLTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE A.7.b
Packet Pg. 278
Attachment: Appraisal – APN 481-130-023 – 24108 Fir Avenue, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL PROPERTY) Parcel Report
Form SCNLTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE A.7.b
Packet Pg. 279
Attachment: Appraisal – APN 481-130-023 – 24108 Fir Avenue, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL PROPERTY) Tax Report
Form SCNLTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE A.7.b
Packet Pg. 280
Attachment: Appraisal – APN 481-130-023 – 24108 Fir Avenue, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL PROPERTY) License
Form SCNLTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE A.7.b
Packet Pg. 281
Attachment: Appraisal – APN 481-130-023 – 24108 Fir Avenue, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL PROPERTY) 24108 Fir Ave
DX2040
GP Residential Certifications Addendum
24108 Fir Ave
Moreno Valley
CA
92553
City of Moreno Valley
PO Box 88005, Moreno Valley, CA 92552
Robert R. King, SRA
28131 White Sand Trl, Moreno Valley, CA 92555-5436
STATEMENT OF ASSUMPTIONS & LIMITING CONDITIONS
- The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title to it. The appraiser assumes that the title is good and marketable and, therefore, will not render any opinions about the title. The property is appraised on the basis of it being under responsible ownership.
- The appraiser may have provided a sketch in the appraisal report to show approximate dimensions of the improvements, and any such sketch is included only to assist the reader of the report in visualizing the property and understanding the appraiser's determination of its size.
Unless otherwise indicated, a Land Survey was not performed. - If so indicated, the appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency (or other data sources) and has noted in the appraisal report whether the subject site is located in an identified Special Flood Hazard Area.
Because the appraiser is not a surveyor, he or she makes no guarantees, express or implied, regarding this determination. - The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question, unless specific arrangements to do so have been made beforehand.
- If the cost approach is included in this appraisal, the appraiser has estimated the value of the land in the cost approach at its highest and best use, and the improvements at their contributory value. These separate valuations of the land and improvements must not be used in conjunction with any other appraisal and are invalid if they are so used. Unless otherwise specifically indicated, the cost approach value is not an insurance value, and should not be used as such.
- The appraiser has noted in the appraisal report any adverse conditions (including, but not limited to, needed repairs, depreciation, the presence of hazardous wastes, toxic substances, etc.) observed during the inspection of the subject property, or that he or she became aware of during the normal research involved in performing the appraisal. Unless otherwise stated in the appraisal report, the appraiser has no knowledge of any hidden or unapparent conditions of the property, or adverse environmental conditions (including, but not limited to, the presence of hazardous wastes, toxic substances, etc.) that would make the property more or less valuable, and has assumed that there are no such conditions and makes no guarantees or warranties, express or implied, regarding the condition of the property. The appraiser will not be responsible for any such conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist. Because the appraiser is not an expert in the field of environmental hazards, the appraisal report must not be considered as an environmental assessment of the property.
- The appraiser obtained the information, estimates, and opinions that were expressed in the appraisal report from sources that he or she considers to be reliable and believes them to be true and correct. The appraiser does not assume responsibility for the accuracy of such items that were furnished by other parties.
- The appraiser will not disclose the contents of the appraisal report except as provided for in the Uniform Standards of Professional Appraisal Practice, and any applicable federal, state or local laws. - If this appraisal is indicated as subject to satisfactory completion, repairs, or alterations, the appraiser has based his or her appraisal report and valuation conclusion on the assumption that completion of the improvements will be performed in a workmanlike manner. - An appraiser's client is the party (or parties) who engage an appraiser in a specific assignment. Any other party acquiring this report from the client does not become a party to the appraiser-client relationship. Any persons receiving this appraisal report because of disclosure requirements applicable to the appraiser's client do not become intended users of this report unless specifically identified by the client at the time of the assignment.
- The appraiser's written consent and approval must be obtained before this appraisal report can be conveyed by anyone to the public, through advertising, public relations, news, sales, or by means of any other media, or by its inclusion in a private or public database. - An appraisal of real property is not a 'home inspection' and should not be construed as such. As part of the valuation process, the appraiser performs a non-invasive visual inventory that is not intended to reveal defects or detrimental conditions that are not readily apparent. The presence of such conditions or defects could adversely affect the appraiser's opinion of value. Clients with concerns about such potential negative factors are encouraged to engage the appropriate type of expert to investigate.
Form GPRES2AD_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE File No.:
Property Address: City: State: Zip Code:
Client: Address:
Appraiser: Address:
Copyright© 2007 by a la mode, inc. This form may be reproduced unmodified without written permission, however, a la mode, inc. must be acknowledged and credited. 3/2007
A.7.b
Packet Pg. 282
Attachment: Appraisal – APN 481-130-023 – 24108 Fir Avenue, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL PROPERTY) 24108 Fir Ave
DX2040
Definitions & Scope of Work
24108 Fir Ave
Moreno Valley
CA
92553
City of Moreno Valley
PO Box 88005, Moreno Valley, CA 92552
Robert R. King, SRA
28131 White Sand Trl, Moreno Valley, CA 92555-5436
DEFINITION OF MARKET VALUE *:
Market value means the most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller each acting prudently and knowledgeably, and assuming the price is not affected by undue stimulus.
Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby:
1. Buyer and seller are typically motivated;
2. Both parties are well informed or well advised and acting in what they consider their best interests;
3. A reasonable time is allowed for exposure in the open market;
4. Payment is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto; and
5. The price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions granted by anyone associated with the sale.
*
The Dictionary of Real Estate Appraisal; Fifth Edition.
DEFINITION OF FAIR MARKET VALUE*:
"The fair market value is the price at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts. The fair market value of a
particular item of property includable in the decedent's gross estate is not to be determined by a forced sale price. Nor is the fair market value of an item of property to be determined by the sale price of the item in a market other than that in which such item is most commonly sold to the public, taking into account the location of the item wherever appropriate." * Per IRS Regulation 20.2031-1
The Scope of Work is the type and extent of research and analyses performed in an appraisal assignment that is required to produce credible assignment results, given the nature of the appraisal problem, the specific requirements of the intended user(s) and the intended use of the appraisal report. Reliance upon this report, regardless of how acquired, by any party or for any use, other than those specified in
this report by the Appraiser, is prohibited. The Opinion of Value that is the conclusion of this report is credible only within the context
of the Scope of Work, Effective Date, the Date of Report, the Intended User(s), the Intended Use, the stated Assumptions and Limiting Conditions, any Hypothetical Conditions and/or Extraordinary Assumptions, and the Type of Value, as defined herein. The appraiser,
appraisal firm, and related parties assume no obligation, liability, or accountability, and will not be responsible for any unauthorized
use of this report or its conclusions.
Additional Comments (Scope of Work, Extraordinary Assumptions, Hypothetical Conditions, etc.):
.
Form GPRES2AD_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE File No.:
Property Address: City: State: Zip Code:
Client: Address:
Appraiser: Address:
Copyright© 2007 by a la mode, inc. This form may be reproduced unmodified without written permission, however, a la mode, inc. must be acknowledged and credited. 3/2007
A.7.b
Packet Pg. 283
Attachment: Appraisal – APN 481-130-023 – 24108 Fir Avenue, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL PROPERTY) 24108 Fir Ave
DX2040
Certifications
24108 Fir Ave
Moreno Valley
CA
92553
City of Moreno Valley
PO Box 88005, Moreno Valley, CA 92552
Robert R. King, SRA
28131 White Sand Trl, Moreno Valley, CA 92555-5436
.
APPRAISER'S
CERTIFICATION
I certify that, to the best of my knowledge and belief:
- The statements of fact contained in this report are true and correct. - The credibility of this report, for the stated use by the stated user(s), of the reported analyses, opinions, and conclusions are limited only
by the reported assumptions and limiting conditions, and are my personal, impartial, and unbiased professional analyses, opinions, and conclusions.
- I have no present or prospective interest in the property that is the subject of this report and no personal interest with
respect to the parties involved.
- I have no bias with respect to the property that is the subject of this report or to the parties involved with this assignment. - My engagement in this assignment was not contingent upon developing or reporting predetermined results. - My compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in value that favors the cause of the client, the amount of the value opinion, the attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended use of this appraisal. - My analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the Uniform Standards of Professional Appraisal Practice that were in effect at the time this report was prepared. - I did not base, either partially or completely, my analysis and/or the opinion of value in the appraisal report on the race, color, religion, sex, handicap, familial status, or national origin of either the prospective owners or occupants of the subject property, or of the present owners or occupants of the properties in the vicinity of the subject property. - Unless otherwise indicated, I have made a personal inspection of the property that is the subject of this report. - Unless otherwise indicated, no one provided significant real property appraisal assistance to the person(s) signing this certification.
Additional Certifications: As of the date of this report, I Robert R. King have completed the Standards and Ethics Education Requirement of the Appraisal Institute for Designated Members.
Melissa Elizondo - Senior Accountant
City of Moreno Valley
[email protected]
PO Box 88005, Moreno Valley, CA 92552
Robert R. King, SRA
Del Rey Appraisal Services
(951) 850-4115
---
[email protected]
04/04/2022
AG033647
CA
SRA
04/08/2022
03/29/2022
N/A
Form GPRES2AD_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE File No.:
Property Address: City: State: Zip Code:
Client: Address:
Appraiser: Address:
SIG N ATU RES
Client Contact:
Client Name:
E-Mail: Address:
APPRAISER
Appraiser Name:
Company:
Phone:
Fax:
E-Mail:
Date Report Signed:
License or Certification #:
State:
Designation:
Expiration Date of License or Certification:
Inspection of Subject: Interior & Exterior Exterior Only None Date of Inspection:
SUPERVISORY APPRAISER (if required)
or CO-APPRAISER (if applicable)
Supervisory or
Co-Appraiser Name:
Company:
Phone:
Fax:
E-Mail:
Date Report Signed:
License or Certification #:
State:
Designation:
Expiration Date of License or Certification:
Inspection of Subject: Interior & Exterior Exterior Only None Date of Inspection:
Copyright© 2007 by a la mode, inc. This form may be reproduced unmodified without written permission, however, a la mode, inc. must be acknowledged and credited. 3/2007
A.7.b
Packet Pg. 284
Attachment: Appraisal – APN 481-130-023 – 24108 Fir Avenue, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL PROPERTY) City of Moreno Valley
DX2040
24108 Fir Ave
Moreno Valley
Riverside
CA
92553
Moreno Valley Housing Authority
APPRAISAL AND REPORT IDENTIFICATION
2-2(a)
2-2(b)
Comments on Standards Rule 2-3
I certify that, to the best of my knowledge and belief:
- The statements of fact contained in this report are true and correct. - The reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions and are my personal, impartial, and unbiased professional analyses, opinions, and conclusions.
- Unless otherwise indicated, I have no present or prospective interest in the property that is the subject of this report and no personal interest with respect to the parties involved. - Unless otherwise indicated, I have performed no services, as an appraiser or in any other capacity, regarding the property that is the subject of this report within the three-year period immediately preceding acceptance of this assignment. - I have no bias with respect to the property that is the subject of this report or the parties involved with this assignment. - My engagement in this assignment was not contingent upon developing or reporting predetermined results. - My compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in value that favors the cause of the client, the amount of the value opinion, the attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended use of this appraisal. - My analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the Uniform Standards of Professional Appraisal Practice that were in effect at the time this report was prepared.
- Unless otherwise indicated, I have made a personal inspection of the property that is the subject of this report. - Unless otherwise indicated, no one provided significant real property appraisal assistance to the person(s) signing this certification (if there are exceptions, the name of each individual providing significant real property appraisal assistance is stated elsewhere in this report).
Comments on Appraisal and Report Identification
The reported analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the requirements of the Code of Professional Ethics & Standards of Professional Appraisal Practice of the Appraisal Institute. The use of this report is subject to the requirements of the Appraisal Institute relating to review by its duly authorized representatives.
Robert R. King, SRA
SRA
AG033647
CA
04/08/2022
04/04/2022
03/29/2022
03/29/2022
N/A
Form ID14_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Client
Owner
File No.
Property Address
City County State Zip Code
This Report is one
of the following types:
Appraisal Report (A written report prepared under Standards Rule , pursuant to the Scope of Work, as disclosed elsewhere in this report.) Restricted
Appraisal Report
(A written report prepared under Standards Rule , pursuant to the Scope of Work, as disclosed elsewhere in this report, restricted to the stated intended use by the specified client or intended user.) APPRAISER:
Signature:
Name:
State Certification #:
or State License #:
State:
Expiration Date of Certification or License:
Date of Signature and Report:
Effective Date of Appraisal:
Inspection of Subject: None Interior and Exterior Exterior-Only Date of Inspection (if applicable):
SUPERVISORY or CO-APPRAISER (if applicable):
Signature:
Name:
State Certification #:
or State License #:
State:
Expiration Date of Certification or License:
Date of Signature:
Inspection of Subject: None Interior and Exterior Exterior-Only Date of Inspection (if applicable):
A.7.b
Packet Pg. 285
Attachment: Appraisal – APN 481-130-023 – 24108 Fir Avenue, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL PROPERTY) In the course of performing appraisals, we may collect what is known as "nonpublic personal information" about you. This information is used to facilitate the services that we provide to you and may include the information provided to us by you directly or received by us from others with your authorization.
We do not disclose any nonpublic personal information obtained in the course of our engagement with our clients to nonaffiliated third parties, except as necessary or as required by law. By way of example, a necessary disclosure would be to our employees, and in certain situations, to unrelated third party consultants who need to know that information to assist us in providing appraisal services to you. All of our employees and any third party consultants we employ are informed that any information they see as part of an appraisal assignment is to be maintained in strict confidence within the firm.
A disclosure required by law would be a disclosure by us that is ordered by a court of competent jurisdiction with regard to a legal action to which you are a party.
We will retain records relating to professional services that we have provided to you for a reasonable time so that we are better able to assist you with your needs. In order to protect your nonpublic personal information from unauthorized access by third parties, we maintain physical, electronic and procedural safeguards that comply with our professional standards to insure the security and integrity of your information.
Please feel free to call us any time if you have any questions about the confidentiality of the information that you provide to us.
Del Rey Appraisal Services
Form PRV - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
PRIVACY NOTICE
Pursuant to the Gramm-Leach-Bliley Act of 1999, effective July 1, 2001, Appraisers, along with all providers of personal financial services are now required by federal law to inform their clients of the policies of the firm with regard to the privacy of client nonpublic personal information. As professionals, we understand that your privacy is very important to you and are pleased to provide you with this information.
Types of Nonpublic Personal Information We Collect
Parties to Whom We Disclose Information
Confidentiality and Security
A.7.b
Packet Pg. 286
Attachment: Appraisal – APN 481-130-023 – 24108 Fir Avenue, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL PROPERTY)
APPRAISAL OF REAL PROPERTY
VACANT LAND
24181 John F Kennedy Dr
Moreno Valley, CA 92551
LOT 17 MB 042/031 TR 2229
City of Moreno Valley
PO Box 88005
Moreno Valley, CA 92552
$115,000
03/29/2022
Robert R. King, SRA
Del Rey Appraisal Services
28131 White Sand Trl
Moreno Valley, CA 92555-5436
(951) 850-4115
[email protected]
---
Form GA1V_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
LOCATED AT
FOR
OPINION OF VALUE
AS OF
BY
A.7.c
Packet Pg. 287
Attachment: Appraisal – APN 485-032-013 – 24181 John F. Kennedy Drive, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL Del Rey Appraisal Services
28131 White Sand Trl
Moreno Valley, CA 92555-5436
(951) 850-4115
---
04/04/2022
Melissa Elizondo - Senior Accountant
City of Moreno Valley
PO Box 88005
Moreno Valley, CA 92552
Re:
Property:
24181 John F Kennedy Dr
Moreno Valley, CA 92551
Client:
City of Moreno Valley
File No.:
DX41
Opinion of Value: $
115,000
Effective Date:
03/29/2022
In accordance with your request, I have appraised the above referenced property. The report of that appraisal is attached. The intended use of this appraisal is for internal planning purposes; potential purchase. The intended user is the City of Moreno Valley.
The purpose of the appraisal is to develop an opinion of market value for the property described in this appraisal report, as improved, in unencumbered fee simple title of ownership.
This report is based on a physical analysis of the site and improvements, a locational analysis of the neighborhood and city, and an economic analysis of the market for properties such as the subject. The appraisal was developed and the report was prepared in accordance with the Uniform Standards of Professional Appraisal Practice.
The opinion of value reported above is as of the stated effective date and is contingent upon the certification and limiting conditions attached.
It has been a pleasure to assist you. Please do not hesitate to contact me if I can be of additional service to you.
Sincerely,
Robert R. King, SRA
Del Rey Appraisal Services
License or Certification #: AG033647
State: CA Expires: 04/08/2022
[email protected]
A.7.c
Packet Pg. 288
Attachment: Appraisal – APN 485-032-013 – 24181 John F. Kennedy Drive, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL DX2041
City of Moreno Valley
24181 John F Kennedy Dr
Moreno Valley
Riverside
CA
92551
Moreno Valley Housing Authority
Cover Page ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Letter of Transmittal ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Table of Contents ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Summary of Salient Features ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Appraisal Report - Land ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Supplemental Addendum ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Market Trend Graph and Neighborhood Aerial ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Subject Photos ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Comparable Photos 1-3 ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Location Map ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Plat Map ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Realist - Page 1 ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Realist - Page 2 ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Parcel Report ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Tax Report ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
License ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
GP Residential Certifications Addendum ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
USPAP Identification ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
GLB Act Privacy Notification .................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... 1 2
3 4
5 9
10 11
12 13
14 15
16 17
18 19
20 23
24 Form TOCNP_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Client
Owner
File No.
Property Address
City County State Zip Code
TABLE OF CONTENTS
A.7.c
Packet Pg. 289
Attachment: Appraisal – APN 485-032-013 – 24181 John F. Kennedy Drive, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL Form SSD2_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE 24181 John F Kennedy Dr
LOT 17 MB 042/031 TR 2229
Moreno Valley
Riverside
CA
92551
0425.08
40140
N/A
N/A
City of Moreno Valley
Moreno Valley Housing Authority
N/A
N/A
Busy St
N/A
N/A
N/A
N/A
N/A
Robert R. King, SRA
03/29/2022
115,000
Client
Owner
SUMMARY OF SALIENT FEATURES
SU BJECT INFOR M ATION
Subject Address
Legal Description
City
County
State
Zip Code
Census Tract
Map Reference
SALES PR ICE
Sale Price
Date of Sale
$
CLIENTDESCR IPTION OF IM PR OVEM ENTS
Size (Square Feet)
Price per Square Foot
Location
Age
Condition
Total Rooms
Bedrooms
Baths
$
APPR AISER
Appraiser
Date of Appraised Value
VALU E
Opinion of Value $
A.7.c
Packet Pg. 290
Attachment: Appraisal – APN 485-032-013 – 24181 John F. Kennedy Drive, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL Del Rey Appraisal Services
24181 JKF Drive
DX2041
Del Rey Appraisal Services
28131 White Sand Trl, Moreno Valley, CA 92555-5436
(951) 850-4115
---
---
Robert R. King, SRA
---
[email protected]
City of Moreno Valley
Melissa Elizondo - Senior Accountant
PO Box 88005, Moreno Valley, CA 92552
(951) 413-3073
[email protected]
24181 John F Kennedy Dr
Moreno Valley
Riverside
CA
92551
LOT 17 MB 042/031 TR 2229
485-032-013
0 2021
Vacant Residential Land
Vacant Residential Land
Hold for future development
Moreno Valley Housing Authority
Refer to attached Realist for history. No transfers
reported in the past three years.
No currently MLS listings and no know contracts.
115,000
N/A
N/A
The Sale Comparison Approach was the only approach deemed appropriate for this appraisal assignment. Participants in this market are not relying on either the Cost Approach or the Income Approach for purchasing vacant residential land.
03/29/2022
115,000
The concluded value is based on an exposure time of six to eighteen months.
Form AI1205 - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Client File #: Appraisal File #:
Form 120.05*
Appraisal Report • Land
Appraisal Company:
Address:
Phone: Fax: Website:
Appraiser:
AI Membership (if any): SRA MAI SRPA AI-GRS AI-RRS
AI Affiliation (if any): Candidate for Designation Practicing Affiliate Other Professional Affiliation:
E-mail:
Co-Appraiser:
AI Membership (if any): SRA MAI SRPA AI-GRS AI-RRS
AI Affiliation (if any): Candidate for Designation Practicing Affiliate Other Professional Affiliation:
E-mail:
Client: Contact:
Address:
Phone: Fax: E-mail:
SUBJECT PROPERTY IDENTIFICATION
Address:
City: County: State: ZIP:
Legal Description:
Tax Parcel #: RE Taxes: Tax Year:
Use of the Real Estate As of the Date of Value:
Use of the Real Estate Reflected in the Appraisal:
Opinion of highest and best use (if required):
SUBJECT PROPERTY HISTORY
Owner of Record:
Description and analysis of sales within 3 years (minimum) prior to effective date of value:
Description and analysis of agreements of sale (contracts), listings, and options:
RECONCILIATIONS AND CONCLUSIONS
Indication of Value by Sales Comparison Approach $
Indication of Value by Cost Approach $
Indication of Value by Income Approach $
Final Reconciliation of the Methods and Approaches to Value:
Opinion of Value as of: $
Exposure Time:
The above opinion is subject to: Hypothetical Conditions and/or Extraordinary Assumptions cited on the following page. *NOTICE: The Appraisal Institute publishes this form for use by appraisers where the appraiser deems use of the form appropriate. Depending on the assignment, the appraiser may need to provide additional data, analysis and work product not called for in this form. The Appraisal Institute makes no representations, warranties or guarantees as to, and assumes no responsibility for, the data, analysis or work product, or third party certifications, verifications, data specifications, scores, indexes, or valuation tools, used or provided by the individual appraiser(s) or others in the specific contents of the AI Reports®. AI Reports® AI-120.05 Appraisal Report - Land© Appraisal Institute 2017, All Rights Reserved June 2017 A.7.c
Packet Pg. 291
Attachment: Appraisal – APN 485-032-013 – 24181 John F. Kennedy Drive, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL City of Moreno Valley
24181 JKF Drive
24181 John F Kennedy Dr, Moreno Valley, CA 92551
DX2041
City of Moreno Valley
Internal planning by the client, City of Moreno Valley; potential purchase. There are no other intended use or users.
Market Value
03/29/2022
None noted.
None noted.
03/29/2022
On site viewing, Realist Tax (attached).
N/A
The intended use of this appraisal is for the City's internal planning purposes; potential purchase.
The intended user is the City of Moreno Valley. The appraiser specifically disclaims any liability, whatsoever, for any non-intended use by any non-intended user.
Form AI1205 - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Client: Client File #:
Subject Property: Appraisal File #:
ASSIGNMENT PARAMETERS
Intended User(s):
Intended Use:
This report is not intended by the appraiser for any other use or by any other user.
Type of Value: Effective Date of Value:
Interest Appraised: Fee Simple Leasehold Other
Hypothetical Conditions: (A hypothetical condition is that which is contrary to what exists, but is asserted by the appraiser for the purpose of analysis. Any hypothetical condition may affect the assignment results.) Extraordinary Assumptions: (An extraordinary assumption is directly related to a specific assignment and presumes uncertain information to be factual. If found to be false this assumption could alter the appraiser’s opinions or conclusions. Any extraordinary assumption may affect the assignment results.)
This is an Appraisal Report in accordance with Standard Rule 2-2(a) of the Uniform Standard of Professional Appraisal Practice (USPAP).
SCOPE OF WORK
Definition: The scope of work is the type and extent of research and analysis in an assignment. Scope of work includes the extent to which the property is identified, the extent to which tangible property is inspected, the type and extent of data research, and the type and extent of analysis applied to arrive at credible opinions or conclusions. The specific scope of work for this assignment is identified below and throughout this report.
Scope of Subject Property Inspection/Data Sources Utilized Approaches to Value Developed Appraiser
Property Inspection: Yes No
Date of Inspection:
Describe Scope of Property Inspection, Source of Area Calculations and Data Sources Consulted:
Co-Appraiser
Property Inspection: Yes No
Date of Inspection:
Describe Scope of Property Inspection, Source of Area Calculations and Data Sources Consulted:
Cost Approach:
Is necessary for credible results and is developed in this analysis Is not necessary for credible results; not developed in this analysis Is not necessary for credible results but is developed in this analysis Sales Comparison Approach:
Is necessary for credible results and is developed in this analysis Is not necessary for credible results; not developed in this analysis Is not necessary for credible results but is developed in this analysis Income Approach:
Is necessary for credible results and is developed in this analysis Is not necessary for credible results; not developed in this analysis Is not necessary for credible results but is developed in this analysis Additional Scope of Work Comments:
Significant Real Property Appraisal Assistance: None Disclose Name(s) and contribution:
*NOTICE: The Appraisal Institute publishes this form for use by appraisers where the appraiser deems use of the form appropriate. Depending on the assignment, the appraiser may need to provide additional data, analysis and work product not called for in this form. The Appraisal Institute makes no representations, warranties or guarantees as to, and assumes no responsibility for, the data, analysis or work product, or third party certifications, verifications, data specifications, scores, indexes, or valuation tools, used or provided by the individual appraiser(s) or others in the specific contents of the AI Reports®. AI Reports® AI-120.05 Appraisal Report - Land© Appraisal Institute 2017, All Rights Reserved June 2017 A.7.c
Packet Pg. 292
Attachment: Appraisal – APN 485-032-013 – 24181 John F. Kennedy Drive, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL City of Moreno Valley
24181 JKF Drive
24181 John F Kennedy Dr, Moreno Valley, CA 92551
DX2041
305
615
482
1 66
34 85
10 Mfd Homes
5 Moreno Valley
N/A
None
The subject is located in a residential market area. There are older multi-family residential properties to its south along Elm Court (primarily 2-4 units). Single-family residential properties are located to the north, east and west.
Maintenance levels are mixed. Support facilities such as retail, recreation, schools, restaurants, employment, etc. are located the immediate area.
Although the single-family residential prices have increased (see attached regression analysis), in-fill lots remain relatively stable.
General boundaries: North - Cactus Ave; East - Perris Blvd; South - Gentian Ave; West - Heacock St.
31.01x65.40x99.00x87.04
8,712
Residential
Generally Rectangular
Appears adequate
Typical
R15 - Multi-Family
N/A
Asphalt
Asphalt
Concrete
Concrete Poles
The subject is a flat, rectangular corner lot located on the southeast corner of the tee intersection of JFK Drive and Elm Court. There is an alley along its south boundary. JFK Drive is a primary east/west arterial and Elm Court is a surface street. According to Realist Tax (attached) the subject once had a 3,048 square foot apartment building on it.
Hold for future development - multi-family residential.
The zoning allows for multi-family residential, which conforms the properties along Elm Court. There are few speculation builders in the area, so the highest and best use may be to hold for future development or to build a multi-family residential property to its highest allowed density.
Form AI1205 - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Client: Client File #:
Subject Property: Appraisal File #:
MARKET AREA ANALYSIS
Location
Urban
Suburban
Rural
Built Up
Under 25%
25-75%
Over 75%
Growth
Rapid
Stable
Slow
Supply & Demand
Shortage
In Balance
Over Supply
Value Trend
Increasing
Stable
Decreasing
Typical Marketing Time
Under 3 Months
3-6 Months
Over 6 Months
Neighborhood Single Family Profile
Price Age
Low
High
Predominant
Neighborhood Land Use
1 Family
%
Condo
%
Multifamily
%
Commercial
%
Vacant
%
%
Neighborhood Name:
PUD Condo HOA: $ /
Amenities:
Market area description and characteristics:
SITE ANALYSIS
Dimensions:
Area:
View:
Shape:
Drainage:
Utility:
Site Similarity/Conformity To Neighborhood Zoning/Deed Restriction Size:
Smaller than Typical
Typical
Larger than Typical
View:
Favorable
Typical
Less than Favorable
Zoning:
Legal
Legal, non-conforming
Illegal
No zoning
Covenants, Condition & Restrictions
Yes No Unknown
Documents Reviewed
Yes No
Ground Rent $ /
Utilities
Electric Public Other
Gas Public Other
Water Public Other
Sewer Public Other
Off Site Improvements
Street Public Private
Alley Public Private
Sidewalk Public Private
Street Lights Public Private
Site description and characteristics:
HIGHEST AND BEST USE ANALYSIS
Present Use Proposed Use Other
Summary of highest and best use analysis:
*NOTICE: The Appraisal Institute publishes this form for use by appraisers where the appraiser deems use of the form appropriate. Depending on the assignment, the appraiser may need to provide additional data, analysis and work product not called for in this form. The Appraisal Institute makes no representations, warranties or guarantees as to, and assumes no responsibility for, the data, analysis or work product, or third party certifications, verifications, data specifications, scores, indexes, or valuation tools, used or provided by the individual appraiser(s) or others in the specific contents of the AI Reports®. AI Reports® AI-120.05 Appraisal Report - Land© Appraisal Institute 2017, All Rights Reserved June 2017 A.7.c
Packet Pg. 293
Attachment: Appraisal – APN 485-032-013 – 24181 John F. Kennedy Drive, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL City of Moreno Valley
24181 JKF Drive
24181 John F Kennedy Dr, Moreno Valley, CA 92551
DX2041
(Adj.s, N.A. & I.V. are in $ / sf)
24181 John F Kennedy Dr
Moreno Valley, CA 92551
N/A
sf
N/A
N/A
Busy St
8,712
Residential
None
Functional Utility
Typical
Sale Type
N/A
DOM/CDOM
N/A
Assessor Parcel Number
485-032-013
11/24/2014
$0 Quit Claim Deed
Perris Blvd
Moreno Valley, CA 92551
0.95 miles SE
MLS#DW21080150
Realist, Doc#277615
100,000
13.50 05/02/2021
Similar
7,405
0.00 Residential
None
Similar
Owner
3/3
486-091-005
09/21/2018
$98,000
13.5 24449 Atwood Ave
Moreno Valley, CA 92553
1.90 miles N
MLS#SB21078386
Realist, Doc#483386
105,000
13.39 08/12/2021
Similar
7,840
0.00 Residential
None
Similar
Owner
93/93
482-080-043
12/21/207
$61,000
13.39 13611 Elsworth St
Moreno Valley, CA 92553
2.21 miles NW
MLS#IG20241403
Realist, Doc#94107
115,000
9.43 02/01/2021
Similar
12,197
+2.00
Residential
None
Similar
Owner
60/60
291-140-017
04/09/2012
$0 Grant Deed
2 ($ 2.00 /sf)
11.43 21.2
21.2 The MLS search for comparable land sales included the entire city of Moreno Valley in the past two years.
Data is limited. Each MLS listed was reviewed and eight were visited/photo'd. Three were selected to represent the subject. The dollar per square foot is used for as the unit of comparison. The comps are in order of distance; the most recent first.
Comp 2 is the most recent sale.
Comps 1 and 2 are the most similar in size.
Based on economies of scale smaller properties tend to sell for more on a dollar-per-square-foot bases. Therefore, a size adjustment is applied to Comp 3. It is the oldest sale; least weight given.
The concluded value is $13.40 per square foot.
The two most recent sales indicate a value near +/- $13.50 per square foot range. 8,712 sf x $13.40 = $116,741 rounded to $115,000.
115,000
Form AI1205 - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Client: Client File #:
Subject Property: Appraisal File #:
SITE VALUATION
Site Valuation Methodology
Sales Comparison Approach: A set of procedures in which a value indication is derived by comparing the property being appraised to similar properties that have been sold recently, then applying appropriate units of comparison and making adjustments to the sale prices of the comparables based on the elements of comparison. The sales comparison approach may be used to value improved properties, vacant land, or land being considered as though vacant; it is the most common and preferred method of land valuation when an adequate supply of comparable sales are available.
Market Extraction: A method of estimating land value in which the depreciated cost of the improvements on the improved property is estimated and deducted from the total sale price to arrive at an estimated sale price for the land; most effective when the improvements contribute little to the total sale price of the property.
Alternative Method: (Describe methodology and rationale) Site Valuation
ITEM SUBJECT COMPARISON 1 COMPARISON 2 COMPARISON 3
Address
Proximity to Subject
Data Source/
Verification
Sales Price $ $ $ $
Price / $ $ $ $
Sale Date
Location
Site Size
Site View
Site Improvements
Net Adjustment + – + – + –
Indicated Value
Net Adj.
Gross Adj.
Net Adj.
Gross Adj.
Net Adj.
Gross Adj.
$ $ $
$ $ $
% % %
% % %
Prior Transfer
History
Site Valuation Comments:
Site Valuation Reconciliation:
Opinion of Site Value $
*NOTICE: The Appraisal Institute publishes this form for use by appraisers where the appraiser deems use of the form appropriate. Depending on the assignment, the appraiser may need to provide additional data, analysis and work product not called for in this form. The Appraisal Institute makes no representations, warranties or guarantees as to, and assumes no responsibility for, the data, analysis or work product, or third party certifications, verifications, data specifications, scores, indexes, or valuation tools, used or provided by the individual appraiser(s) or others in the specific contents of the AI Reports®. AI Reports® AI-120.05 Appraisal Report - Land© Appraisal Institute 2017, All Rights Reserved June 2017 A.7.c
Packet Pg. 294
Attachment: Appraisal – APN 485-032-013 – 24181 John F. Kennedy Drive, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL
SCOPE OF THE APPRAISAL
This appraisal report is intended to be an "appraisal assignment" as defined in the Standards of Professional Practice of the Appraisal Institute; i.e. it is the intent that the appraisal service be performed in such a manner that the results of the analysis, opinion, or conclusions be that of a disinterested third party. The appraiser has the appropriate knowledge, education and experience to complete this assignment competently. Refer to attached USPAP Identification for further details.
Activities undertaken during the course of this appraisal are as follows:
· A physical observation of the subject property and surrounding neighborhood on March 29, 2022. · Research and investigation of current market conditions relative to the property type being appraised, as well as the market sector with which the subject is identified.
· Interviews with brokers, appraisers, property owners, and/or managers, as well as relevant public agencies or governing bodies.
· And, compilation of the descriptions, reasoning and explanations, leading to final value conclusions, within this report.
Please Note: Unless otherwise noted in this report, a title report, environmental report, seismic report, construction or repair estimates or soil report were not submitted to the appraiser for review. Additionally, the expertise of the appraiser does not extend to building, insect/rodent infestation, or environmental inspection, and the appraiser will not be responsible for discovery.
This is especially true of environmental hazards, including household molds.
HAZARDOUS MATERIAL STATEMENT
Unless otherwise stated in this report, the existence of hazardous material, which may or may not be present on the property was not observed by the appraiser. The appraiser has no knowledge of the existence of such material on the property. The appraiser, however, is not qualified to detect such substances. The presence of substance such as asbestos, lead paint, "Chinese drywall", or other hazardous materials may affect the value of the property. The value estimate is predicated on the assumption that there is not such material on or in the property that would cause a loss of value. No responsibility is assumed for any conditions, or for any expertise or engineering knowledge required to discover them. In addition, the value opinion offered within this report is based upon the various elements that constitute the subject property being fundamentally sound and in working order. Attics and crawl space areas are typically not accessed and the "inspection" conducted for this appraisal is really more of an "observation". It is not to be regarded as a full property inspection of the type intended to reveal defects in mechanical systems, structural integrity, roofing, siding, or any other property component. The client is invited and encouraged to employ qualified experts to inspect and address any area of concern. If negative conditions are discovered, the opinion of value may require modification.
ELECTRONIC SIGNATURE
This appraisal report was transmitted via electronic mail. Therefore, the signature on this is appraisal report is a digital signature, which was computer generated. The electronic signature on this report carries the same level of authenticity as an ink signature on a paper copy. This report has been electronically prepared in compliance with USPAP guidelines which includes secure and adequate security measures are in place to protect data produced by the appraiser. In you have any concerns, whatsoever, or questions regarding digitally transmitted signatures, please contact me at (951) 850-4115.
REAL ESTATE TAXES
See attached tax bill from County Assessor's website.
DEFINITION OF EXPOSURE TIME
The Appraisal Institute text The Dictionary of Real Estate Appraisal, 5th Edition, defines “Exposure Time” as:
The estimated length of time the property interest being appraised would have been offered on the market prior to the hypothetical consummation of a sale at market value on the effective date of the appraisal; a retrospective estimate based on an analysis of past events assuming a competitive and open market.
DAYS ON MARKET (DOM)
The Days On Market (DOM) listed in the Sale Grid are generally calculated from the most recent price reduction to reflect the exposure period at that price level. The total/cumulative days on market (CDOM) is also indicated Supplemental Addendum
Form TADD_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE DX2041
City of Moreno Valley
24181 John F Kennedy Dr
Moreno Valley
Riverside
CA
92551
Moreno Valley Housing Authority
Client
Owner
Property Address
City County State Zip Code
File No.
A.7.c
Packet Pg. 295
Attachment: Appraisal – APN 485-032-013 – 24181 John F. Kennedy Drive, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL Market Trend Graph and Neighborhood Aerial
City of Moreno Valley
24181 John F Kennedy Dr
Moreno Valley
Riverside
CA
92551
Moreno Valley Housing Authority
All MLS listed sales of single-family residences in the market area over the past year.
Neighborhood
Form PIC2W_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Client
Owner
Property Address
City County State Zip Code
A.7.c
Packet Pg. 296
Attachment: Appraisal – APN 485-032-013 – 24181 John F. Kennedy Drive, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL Form LPICPIX.DSS_LTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Subject Photos
City of Moreno Valley
24181 John F Kennedy Dr
Moreno Valley
Riverside
CA
92551
Moreno Valley Housing Authority
Subject
Sales Price
Gross Living Area
Total Rooms
Total Bedrooms
Total Bathrooms
Location
View
Site
Quality
Age
24181 John F Kennedy Dr
N/A
N/A
N/A
N/A
N/A
Busy St
Residential
8,712
N/A
N/A
Subject
Alley
Client
Owner
Property Address
City County State Zip Code
A.7.c
Packet Pg. 297
Attachment: Appraisal – APN 485-032-013 – 24181 John F. Kennedy Drive, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL Form PICPIX.CR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Comparable Land Photo Page
City of Moreno Valley
24181 John F Kennedy Dr
Moreno Valley
Riverside
CA
92551
Moreno Valley Housing Authority
Comparable
1 Prox. to Subject
Sale Price
Gross Living Area
Total Rooms
Total Bedrooms
Total Bathrooms
Location
View
Site
Quality
Age
Perris Blvd
0.95 miles SE
100,000
Similar
Residential
7,405
Comparable
2 Prox. to Subject
Sale Price
Gross Living Area
Total Rooms
Total Bedrooms
Total Bathrooms
Location
View
Site
Quality
Age
24449 Atwood Ave
1.90 miles N
105,000
Similar
Residential
7,840
Comparable
3 Prox. to Subject
Sale Price
Gross Living Area
Total Rooms
Total Bedrooms
Total Bathrooms
Location
View
Site
Quality
Age
13611 Elsworth St
2.21 miles NW
115,000
Similar
Residential
12,197
Client
Owner
Property Address
City County State Zip Code
A.7.c
Packet Pg. 298
Attachment: Appraisal – APN 485-032-013 – 24181 John F. Kennedy Drive, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL Form MAP_LT.LOC - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Location Map
City of Moreno Valley
24181 John F Kennedy Dr
Moreno Valley
Riverside
CA
92551
Moreno Valley Housing Authority
Client
Owner
Property Address
City County State Zip Code
A.7.c
Packet Pg. 299
Attachment: Appraisal – APN 485-032-013 – 24181 John F. Kennedy Drive, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL Plat Map
Form SCNLTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE A.7.c
Packet Pg. 300
Attachment: Appraisal – APN 485-032-013 – 24181 John F. Kennedy Drive, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL Realist - Page 1
Form SCNLTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE A.7.c
Packet Pg. 301
Attachment: Appraisal – APN 485-032-013 – 24181 John F. Kennedy Drive, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL Realist - Page 2
Form SCNLTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE A.7.c
Packet Pg. 302
Attachment: Appraisal – APN 485-032-013 – 24181 John F. Kennedy Drive, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL Parcel Report
Form SCNLTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE A.7.c
Packet Pg. 303
Attachment: Appraisal – APN 485-032-013 – 24181 John F. Kennedy Drive, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL Tax Report
Form SCNLTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE A.7.c
Packet Pg. 304
Attachment: Appraisal – APN 485-032-013 – 24181 John F. Kennedy Drive, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL License
Form SCNLTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE A.7.c
Packet Pg. 305
Attachment: Appraisal – APN 485-032-013 – 24181 John F. Kennedy Drive, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL 24181 JKF Drive
DX2041
GP Residential Certifications Addendum
24181 John F Kennedy Dr
Moreno Valley
CA
92551
City of Moreno Valley
PO Box 88005, Moreno Valley, CA 92552
Robert R. King, SRA
28131 White Sand Trl, Moreno Valley, CA 92555-5436
STATEMENT OF ASSUMPTIONS & LIMITING CONDITIONS
- The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title to it. The appraiser assumes that the title is good and marketable and, therefore, will not render any opinions about the title. The property is appraised on the basis of it being under responsible ownership.
- The appraiser may have provided a sketch in the appraisal report to show approximate dimensions of the improvements, and any such sketch is included only to assist the reader of the report in visualizing the property and understanding the appraiser's determination of its size.
Unless otherwise indicated, a Land Survey was not performed. - If so indicated, the appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency (or other data sources) and has noted in the appraisal report whether the subject site is located in an identified Special Flood Hazard Area.
Because the appraiser is not a surveyor, he or she makes no guarantees, express or implied, regarding this determination. - The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question, unless specific arrangements to do so have been made beforehand.
- If the cost approach is included in this appraisal, the appraiser has estimated the value of the land in the cost approach at its highest and best use, and the improvements at their contributory value. These separate valuations of the land and improvements must not be used in conjunction with any other appraisal and are invalid if they are so used. Unless otherwise specifically indicated, the cost approach value is not an insurance value, and should not be used as such.
- The appraiser has noted in the appraisal report any adverse conditions (including, but not limited to, needed repairs, depreciation, the presence of hazardous wastes, toxic substances, etc.) observed during the inspection of the subject property, or that he or she became aware of during the normal research involved in performing the appraisal. Unless otherwise stated in the appraisal report, the appraiser has no knowledge of any hidden or unapparent conditions of the property, or adverse environmental conditions (including, but not limited to, the presence of hazardous wastes, toxic substances, etc.) that would make the property more or less valuable, and has assumed that there are no such conditions and makes no guarantees or warranties, express or implied, regarding the condition of the property. The appraiser will not be responsible for any such conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist. Because the appraiser is not an expert in the field of environmental hazards, the appraisal report must not be considered as an environmental assessment of the property.
- The appraiser obtained the information, estimates, and opinions that were expressed in the appraisal report from sources that he or she considers to be reliable and believes them to be true and correct. The appraiser does not assume responsibility for the accuracy of such items that were furnished by other parties.
- The appraiser will not disclose the contents of the appraisal report except as provided for in the Uniform Standards of Professional Appraisal Practice, and any applicable federal, state or local laws. - If this appraisal is indicated as subject to satisfactory completion, repairs, or alterations, the appraiser has based his or her appraisal report and valuation conclusion on the assumption that completion of the improvements will be performed in a workmanlike manner. - An appraiser's client is the party (or parties) who engage an appraiser in a specific assignment. Any other party acquiring this report from the client does not become a party to the appraiser-client relationship. Any persons receiving this appraisal report because of disclosure requirements applicable to the appraiser's client do not become intended users of this report unless specifically identified by the client at the time of the assignment.
- The appraiser's written consent and approval must be obtained before this appraisal report can be conveyed by anyone to the public, through advertising, public relations, news, sales, or by means of any other media, or by its inclusion in a private or public database. - An appraisal of real property is not a 'home inspection' and should not be construed as such. As part of the valuation process, the appraiser performs a non-invasive visual inventory that is not intended to reveal defects or detrimental conditions that are not readily apparent. The presence of such conditions or defects could adversely affect the appraiser's opinion of value. Clients with concerns about such potential negative factors are encouraged to engage the appropriate type of expert to investigate.
Form GPRES2AD_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE File No.:
Property Address: City: State: Zip Code:
Client: Address:
Appraiser: Address:
Copyright© 2007 by a la mode, inc. This form may be reproduced unmodified without written permission, however, a la mode, inc. must be acknowledged and credited. 3/2007
A.7.c
Packet Pg. 306
Attachment: Appraisal – APN 485-032-013 – 24181 John F. Kennedy Drive, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL 24181 JKF Drive
DX2041
Definitions & Scope of Work
24181 John F Kennedy Dr
Moreno Valley
CA
92551
City of Moreno Valley
PO Box 88005, Moreno Valley, CA 92552
Robert R. King, SRA
28131 White Sand Trl, Moreno Valley, CA 92555-5436
DEFINITION OF MARKET VALUE *:
Market value means the most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller each acting prudently and knowledgeably, and assuming the price is not affected by undue stimulus.
Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby:
1. Buyer and seller are typically motivated;
2. Both parties are well informed or well advised and acting in what they consider their best interests;
3. A reasonable time is allowed for exposure in the open market;
4. Payment is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto; and
5. The price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions granted by anyone associated with the sale.
*
The Dictionary of Real Estate Appraisal; Fifth Edition.
DEFINITION OF FAIR MARKET VALUE*:
"The fair market value is the price at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts. The fair market value of a
particular item of property includable in the decedent's gross estate is not to be determined by a forced sale price. Nor is the fair market value of an item of property to be determined by the sale price of the item in a market other than that in which such item is most commonly sold to the public, taking into account the location of the item wherever appropriate." * Per IRS Regulation 20.2031-1
The Scope of Work is the type and extent of research and analyses performed in an appraisal assignment that is required to produce credible assignment results, given the nature of the appraisal problem, the specific requirements of the intended user(s) and the intended use of the appraisal report. Reliance upon this report, regardless of how acquired, by any party or for any use, other than those specified in
this report by the Appraiser, is prohibited. The Opinion of Value that is the conclusion of this report is credible only within the context
of the Scope of Work, Effective Date, the Date of Report, the Intended User(s), the Intended Use, the stated Assumptions and Limiting Conditions, any Hypothetical Conditions and/or Extraordinary Assumptions, and the Type of Value, as defined herein. The appraiser,
appraisal firm, and related parties assume no obligation, liability, or accountability, and will not be responsible for any unauthorized
use of this report or its conclusions.
Additional Comments (Scope of Work, Extraordinary Assumptions, Hypothetical Conditions, etc.):
.
Form GPRES2AD_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE File No.:
Property Address: City: State: Zip Code:
Client: Address:
Appraiser: Address:
Copyright© 2007 by a la mode, inc. This form may be reproduced unmodified without written permission, however, a la mode, inc. must be acknowledged and credited. 3/2007
A.7.c
Packet Pg. 307
Attachment: Appraisal – APN 485-032-013 – 24181 John F. Kennedy Drive, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL 24181 JKF Drive
DX2041
Certifications
24181 John F Kennedy Dr
Moreno Valley
CA
92551
City of Moreno Valley
PO Box 88005, Moreno Valley, CA 92552
Robert R. King, SRA
28131 White Sand Trl, Moreno Valley, CA 92555-5436
.
APPRAISER'S
CERTIFICATION
I certify that, to the best of my knowledge and belief:
- The statements of fact contained in this report are true and correct. - The credibility of this report, for the stated use by the stated user(s), of the reported analyses, opinions, and conclusions are limited only
by the reported assumptions and limiting conditions, and are my personal, impartial, and unbiased professional analyses, opinions, and conclusions.
- I have no present or prospective interest in the property that is the subject of this report and no personal interest with
respect to the parties involved.
- I have no bias with respect to the property that is the subject of this report or to the parties involved with this assignment. - My engagement in this assignment was not contingent upon developing or reporting predetermined results. - My compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in value that favors the cause of the client, the amount of the value opinion, the attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended use of this appraisal. - My analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the Uniform Standards of Professional Appraisal Practice that were in effect at the time this report was prepared. - I did not base, either partially or completely, my analysis and/or the opinion of value in the appraisal report on the race, color, religion, sex, handicap, familial status, or national origin of either the prospective owners or occupants of the subject property, or of the present owners or occupants of the properties in the vicinity of the subject property. - Unless otherwise indicated, I have made a personal inspection of the property that is the subject of this report. - Unless otherwise indicated, no one provided significant real property appraisal assistance to the person(s) signing this certification.
Additional Certifications: As of the date of this report, I Robert R. King have completed the Standards and Ethics Education Requirement of the Appraisal Institute for Designated Members.
Melissa Elizondo - Senior Accountant
City of Moreno Valley
[email protected]
PO Box 88005, Moreno Valley, CA 92552
Robert R. King, SRA
Del Rey Appraisal Services
(951) 850-4115
---
[email protected]
04/04/2022
AG033647
CA
SRA
04/08/2022
03/29/2022
N/A
Form GPRES2AD_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE File No.:
Property Address: City: State: Zip Code:
Client: Address:
Appraiser: Address:
SIG N ATU RES
Client Contact:
Client Name:
E-Mail: Address:
APPRAISER
Appraiser Name:
Company:
Phone:
Fax:
E-Mail:
Date Report Signed:
License or Certification #:
State:
Designation:
Expiration Date of License or Certification:
Inspection of Subject: Interior & Exterior Exterior Only None Date of Inspection:
SUPERVISORY APPRAISER (if required)
or CO-APPRAISER (if applicable)
Supervisory or
Co-Appraiser Name:
Company:
Phone:
Fax:
E-Mail:
Date Report Signed:
License or Certification #:
State:
Designation:
Expiration Date of License or Certification:
Inspection of Subject: Interior & Exterior Exterior Only None Date of Inspection:
Copyright© 2007 by a la mode, inc. This form may be reproduced unmodified without written permission, however, a la mode, inc. must be acknowledged and credited. 3/2007
A.7.c
Packet Pg. 308
Attachment: Appraisal – APN 485-032-013 – 24181 John F. Kennedy Drive, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL City of Moreno Valley
DX2041
24181 John F Kennedy Dr
Moreno Valley
Riverside
CA
92551
Moreno Valley Housing Authority
APPRAISAL AND REPORT IDENTIFICATION
2-2(a)
2-2(b)
Comments on Standards Rule 2-3
I certify that, to the best of my knowledge and belief:
- The statements of fact contained in this report are true and correct. - The reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions and are my personal, impartial, and unbiased professional analyses, opinions, and conclusions.
- Unless otherwise indicated, I have no present or prospective interest in the property that is the subject of this report and no personal interest with respect to the parties involved. - Unless otherwise indicated, I have performed no services, as an appraiser or in any other capacity, regarding the property that is the subject of this report within the three-year period immediately preceding acceptance of this assignment. - I have no bias with respect to the property that is the subject of this report or the parties involved with this assignment. - My engagement in this assignment was not contingent upon developing or reporting predetermined results. - My compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in value that favors the cause of the client, the amount of the value opinion, the attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended use of this appraisal. - My analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the Uniform Standards of Professional Appraisal Practice that were in effect at the time this report was prepared.
- Unless otherwise indicated, I have made a personal inspection of the property that is the subject of this report. - Unless otherwise indicated, no one provided significant real property appraisal assistance to the person(s) signing this certification (if there are exceptions, the name of each individual providing significant real property appraisal assistance is stated elsewhere in this report).
Comments on Appraisal and Report Identification
The reported analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the requirements of the Code of Professional Ethics & Standards of Professional Appraisal Practice of the Appraisal Institute. The use of this report is subject to the requirements of the Appraisal Institute relating to review by its duly authorized representatives.
Robert R. King, SRA
SRA
AG033647
CA
04/08/2022
04/04/2022
03/29/2022
03/29/2022
N/A
Form ID14_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Client
Owner
File No.
Property Address
City County State Zip Code
This Report is one
of the following types:
Appraisal Report (A written report prepared under Standards Rule , pursuant to the Scope of Work, as disclosed elsewhere in this report.) Restricted
Appraisal Report
(A written report prepared under Standards Rule , pursuant to the Scope of Work, as disclosed elsewhere in this report, restricted to the stated intended use by the specified client or intended user.) APPRAISER:
Signature:
Name:
State Certification #:
or State License #:
State:
Expiration Date of Certification or License:
Date of Signature and Report:
Effective Date of Appraisal:
Inspection of Subject: None Interior and Exterior Exterior-Only Date of Inspection (if applicable):
SUPERVISORY or CO-APPRAISER (if applicable):
Signature:
Name:
State Certification #:
or State License #:
State:
Expiration Date of Certification or License:
Date of Signature:
Inspection of Subject: None Interior and Exterior Exterior-Only Date of Inspection (if applicable):
A.7.c
Packet Pg. 309
Attachment: Appraisal – APN 485-032-013 – 24181 John F. Kennedy Drive, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL In the course of performing appraisals, we may collect what is known as "nonpublic personal information" about you. This information is used to facilitate the services that we provide to you and may include the information provided to us by you directly or received by us from others with your authorization.
We do not disclose any nonpublic personal information obtained in the course of our engagement with our clients to nonaffiliated third parties, except as necessary or as required by law. By way of example, a necessary disclosure would be to our employees, and in certain situations, to unrelated third party consultants who need to know that information to assist us in providing appraisal services to you. All of our employees and any third party consultants we employ are informed that any information they see as part of an appraisal assignment is to be maintained in strict confidence within the firm.
A disclosure required by law would be a disclosure by us that is ordered by a court of competent jurisdiction with regard to a legal action to which you are a party.
We will retain records relating to professional services that we have provided to you for a reasonable time so that we are better able to assist you with your needs. In order to protect your nonpublic personal information from unauthorized access by third parties, we maintain physical, electronic and procedural safeguards that comply with our professional standards to insure the security and integrity of your information.
Please feel free to call us any time if you have any questions about the confidentiality of the information that you provide to us.
Del Rey Appraisal Services
Form PRV - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
PRIVACY NOTICE
Pursuant to the Gramm-Leach-Bliley Act of 1999, effective July 1, 2001, Appraisers, along with all providers of personal financial services are now required by federal law to inform their clients of the policies of the firm with regard to the privacy of client nonpublic personal information. As professionals, we understand that your privacy is very important to you and are pleased to provide you with this information.
Types of Nonpublic Personal Information We Collect
Parties to Whom We Disclose Information
Confidentiality and Security
A.7.c
Packet Pg. 310
Attachment: Appraisal – APN 485-032-013 – 24181 John F. Kennedy Drive, Moreno Valley (5939 : AGREEMENT FOR CONVEYANCE OF REAL
APPRAISAL OF REAL PROPERTY
VACANT LAND
Perris Blvd
Moreno Valley, CA 92551
POR LOT 20 MB 052/099 TR 2995
City of Moreno Valley
PO Box 88005
Moreno Valley, CA 92552
$39,000
03/29/2022
Robert R. King, SRA
Del Rey Appraisal Services
28131 White Sand Trl
Moreno Valley, CA 92555-5436
(951) 850-4115
[email protected]
---
Form GA1V_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
LOCATED AT
FOR
OPINION OF VALUE
AS OF
BY
A.7.d
Packet Pg. 311
Attachment: Appraisal – APN 486-084-006 – Perris Blvd (POR LOT 20 MB 052/099 TR 2995) (5939 : AGREEMENT FOR CONVEYANCE OF REAL Del Rey Appraisal Services
28131 White Sand Trl
Moreno Valley, CA 92555-5436
(951) 850-4115
---
04/04/2022
Melissa Elizondo - Senior Accountant
City of Moreno Valley
PO Box 88005
Moreno Valley, CA 92552
Re:
Property:
Perris Blvd
Moreno Valley, CA 92551
Client:
City of Moreno Valley
File No.:
DX2042
Opinion of Value: $
39,000
Effective Date:
03/29/2022
In accordance with your request, I have appraised the above referenced property. The report of that appraisal is attached. The intended use of this appraisal is for internal planning purposes; potential purchase. The intended user is the City of Moreno Valley.
The purpose of the appraisal is to develop an opinion of market value for the property described in this appraisal report, as improved, in unencumbered fee simple title of ownership.
This report is based on a physical analysis of the site and improvements, a locational analysis of the neighborhood and city, and an economic analysis of the market for properties such as the subject. The appraisal was developed and the report was prepared in accordance with the Uniform Standards of Professional Appraisal Practice.
The opinion of value reported above is as of the stated effective date and is contingent upon the certification and limiting conditions attached.
It has been a pleasure to assist you. Please do not hesitate to contact me if I can be of additional service to you.
Sincerely,
Robert R. King, SRA
Del Rey Appraisal Services
License or Certification #: AG033647
State: CA Expires: 04/08/2022
[email protected]
A.7.d
Packet Pg. 312
Attachment: Appraisal – APN 486-084-006 – Perris Blvd (POR LOT 20 MB 052/099 TR 2995) (5939 : AGREEMENT FOR CONVEYANCE OF REAL DX2042
City of Moreno Valley
Perris Blvd
Moreno Valley
Riverside
CA
92551
City of Moreno Valley
Cover Page ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Letter of Transmittal ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Table of Contents ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Summary of Salient Features ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Appraisal Report - Land ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Supplemental Addendum ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Market Trend Graph and Aerial View of Neighborhood ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Subject Photos ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Comparable Photos 1-3 ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Location Map ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Plat Map ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Realist - Page 1 ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Realist - Page 2 ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Parcel Report ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Tax Report ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Neighborhood Aerial ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
License ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
GP Residential Certifications Addendum ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
USPAP Identification ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
GLB Act Privacy Notification .................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... 1 2
3 4
5 9
11 12
13 14
15 16
17 18
19 20
21 22
25 26
Form TOCNP_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Borrower
Lender/Client
File No.
Property Address
City County State Zip Code
TABLE OF CONTENTS
A.7.d
Packet Pg. 313
Attachment: Appraisal – APN 486-084-006 – Perris Blvd (POR LOT 20 MB 052/099 TR 2995) (5939 : AGREEMENT FOR CONVEYANCE OF REAL Form SSD2_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Perris Blvd
POR LOT 20 MB 052/099 TR 2995
Moreno Valley
Riverside
CA
92551
0488.00
40140
N/A
N/A
City of Moreno Valley
City of Moreno Valley
N/A
N/A
Typical
N/A
N/A
N/A
N/A
N/A
Robert R. King, SRA
03/29/2022
39,000
Borrower
Lender/Client
SUMMARY OF SALIENT FEATURES
SU BJECT INFOR M ATION
Subject Address
Legal Description
City
County
State
Zip Code
Census Tract
Map Reference
SALES PR ICE
Sale Price
Date of Sale
$
CLIENTDESCR IPTION OF IM PR OVEM ENTS
Size (Square Feet)
Price per Square Foot
Location
Age
Condition
Total Rooms
Bedrooms
Baths
$
APPR AISER
Appraiser
Date of Appraised Value
VALU E
Opinion of Value $
A.7.d
Packet Pg. 314
Attachment: Appraisal – APN 486-084-006 – Perris Blvd (POR LOT 20 MB 052/099 TR 2995) (5939 : AGREEMENT FOR CONVEYANCE OF REAL Del Rey Appraisal Services
Perris Blvd
DX2042
Del Rey Appraisal Services
28131 White Sand Trl, Moreno Valley, CA 92555-5436
(951) 850-4115
---
---
Robert R. King, SRA
---
[email protected]
City of Moreno Valley
Melissa Elizondo - Senior Accountant
PO Box 88005, Moreno Valley, CA 92552
(951) 413-3073
[email protected]
Perris Blvd
Moreno Valley
Riverside
CA
92551
POR LOT 20 MB 052/099 TR 2995
486-084-006
126
2021
Vacant Residential/Commercial Land
Vacant Residential/Commercial Land
Hold for future development
Moreno Valley Housing Authority
Refer to attached Realist for history. No transfers
reported in the past three years.
No currently MLS listings and no know contracts.
39,000
N/A
N/A
The Sale Comparison Approach was the only approach deemed appropriate for this appraisal assignment. Participants in this market are not relying on either the Cost Approach or the Income Approach for purchasing vacant residential land.
03/29/2022
39,000
The concluded value is based on an exposure time of six to eighteen months.
Form AI1205 - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Client File #: Appraisal File #:
Form 120.05*
Appraisal Report • Land
Appraisal Company:
Address:
Phone: Fax: Website:
Appraiser:
AI Membership (if any): SRA MAI SRPA AI-GRS AI-RRS
AI Affiliation (if any): Candidate for Designation Practicing Affiliate Other Professional Affiliation:
E-mail:
Co-Appraiser:
AI Membership (if any): SRA MAI SRPA AI-GRS AI-RRS
AI Affiliation (if any): Candidate for Designation Practicing Affiliate Other Professional Affiliation:
E-mail:
Client: Contact:
Address:
Phone: Fax: E-mail:
SUBJECT PROPERTY IDENTIFICATION
Address:
City: County: State: ZIP:
Legal Description:
Tax Parcel #: RE Taxes: Tax Year:
Use of the Real Estate As of the Date of Value:
Use of the Real Estate Reflected in the Appraisal:
Opinion of highest and best use (if required):
SUBJECT PROPERTY HISTORY
Owner of Record:
Description and analysis of sales within 3 years (minimum) prior to effective date of value:
Description and analysis of agreements of sale (contracts), listings, and options:
RECONCILIATIONS AND CONCLUSIONS
Indication of Value by Sales Comparison Approach $
Indication of Value by Cost Approach $
Indication of Value by Income Approach $
Final Reconciliation of the Methods and Approaches to Value:
Opinion of Value as of: $
Exposure Time:
The above opinion is subject to: Hypothetical Conditions and/or Extraordinary Assumptions cited on the following page. *NOTICE: The Appraisal Institute publishes this form for use by appraisers where the appraiser deems use of the form appropriate. Depending on the assignment, the appraiser may need to provide additional data, analysis and work product not called for in this form. The Appraisal Institute makes no representations, warranties or guarantees as to, and assumes no responsibility for, the data, analysis or work product, or third party certifications, verifications, data specifications, scores, indexes, or valuation tools, used or provided by the individual appraiser(s) or others in the specific contents of the AI Reports®. AI Reports® AI-120.05 Appraisal Report - Land© Appraisal Institute 2017, All Rights Reserved June 2017 A.7.d
Packet Pg. 315
Attachment: Appraisal – APN 486-084-006 – Perris Blvd (POR LOT 20 MB 052/099 TR 2995) (5939 : AGREEMENT FOR CONVEYANCE OF REAL City of Moreno Valley
Perris Blvd
Perris Blvd, Moreno Valley, CA 92551
DX2042
City of Moreno Valley
Internal planning by the client, City of Moreno Valley; potential purchase. There are no other intended use or users.
Market Value
03/29/2022
None noted.
None noted.
03/29/2022
On site viewing, Realist Tax (attached).
N/A
The intended use of this appraisal is for the City's internal planning purposes; potential purchase.
The intended user is the City of Moreno Valley. The appraiser specifically disclaims any liability, whatsoever, for any non-intended use by any non-intended user.
Form AI1205 - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Client: Client File #:
Subject Property: Appraisal File #:
ASSIGNMENT PARAMETERS
Intended User(s):
Intended Use:
This report is not intended by the appraiser for any other use or by any other user.
Type of Value: Effective Date of Value:
Interest Appraised: Fee Simple Leasehold Other
Hypothetical Conditions: (A hypothetical condition is that which is contrary to what exists, but is asserted by the appraiser for the purpose of analysis. Any hypothetical condition may affect the assignment results.) Extraordinary Assumptions: (An extraordinary assumption is directly related to a specific assignment and presumes uncertain information to be factual. If found to be false this assumption could alter the appraiser’s opinions or conclusions. Any extraordinary assumption may affect the assignment results.)
This is an Appraisal Report in accordance with Standard Rule 2-2(a) of the Uniform Standard of Professional Appraisal Practice (USPAP).
SCOPE OF WORK
Definition: The scope of work is the type and extent of research and analysis in an assignment. Scope of work includes the extent to which the property is identified, the extent to which tangible property is inspected, the type and extent of data research, and the type and extent of analysis applied to arrive at credible opinions or conclusions. The specific scope of work for this assignment is identified below and throughout this report.
Scope of Subject Property Inspection/Data Sources Utilized Approaches to Value Developed Appraiser
Property Inspection: Yes No
Date of Inspection:
Describe Scope of Property Inspection, Source of Area Calculations and Data Sources Consulted:
Co-Appraiser
Property Inspection: Yes No
Date of Inspection:
Describe Scope of Property Inspection, Source of Area Calculations and Data Sources Consulted:
Cost Approach:
Is necessary for credible results and is developed in this analysis Is not necessary for credible results; not developed in this analysis Is not necessary for credible results but is developed in this analysis Sales Comparison Approach:
Is necessary for credible results and is developed in this analysis Is not necessary for credible results; not developed in this analysis Is not necessary for credible results but is developed in this analysis Income Approach:
Is necessary for credible results and is developed in this analysis Is not necessary for credible results; not developed in this analysis Is not necessary for credible results but is developed in this analysis Additional Scope of Work Comments:
Significant Real Property Appraisal Assistance: None Disclose Name(s) and contribution:
*NOTICE: The Appraisal Institute publishes this form for use by appraisers where the appraiser deems use of the form appropriate. Depending on the assignment, the appraiser may need to provide additional data, analysis and work product not called for in this form. The Appraisal Institute makes no representations, warranties or guarantees as to, and assumes no responsibility for, the data, analysis or work product, or third party certifications, verifications, data specifications, scores, indexes, or valuation tools, used or provided by the individual appraiser(s) or others in the specific contents of the AI Reports®. AI Reports® AI-120.05 Appraisal Report - Land© Appraisal Institute 2017, All Rights Reserved June 2017 A.7.d
Packet Pg. 316
Attachment: Appraisal – APN 486-084-006 – Perris Blvd (POR LOT 20 MB 052/099 TR 2995) (5939 : AGREEMENT FOR CONVEYANCE OF REAL City of Moreno Valley
Perris Blvd
Perris Blvd, Moreno Valley, CA 92551
DX2042
335
615
450
1 65
37 60
10 10
10 Mfd Homes
10 Moreno Valley
N/A
None
The subject is located in a residential market area. There are multi-family residential properties to north and south of the subject (primarily 2-4 units). Single-family residential properties are located to the north, east and west.
Maintenance levels are mixed. Support facilities such as retail, recreation, schools, restaurants, employment, etc. are located the immediate area.
Although the single-family residential prices have increased (see attached regression analysis), in-fill lots remain relatively stable.
General boundaries: North -John F Kennedy Dr; East - Kitching St; South - Santiago Dr; West - Indian St.
37.5x109
4,088 sf
Residential
Rectangular
Appears adequate
Atypical (relatively small for potential uses)
COMU - Corridor Mixed
Use
N/A
Asphalt
Asphalt
Concrete
Concrete Poles
The subject is a flat, rectangular lot with curb and gutter along Perris Boulevard and an alley to its rear. Note that Realist Tax indicates a lot size of 3,920 square feet, but the dimensions on the plat map indicate 4,088 square feet.
The subject's lot is half the size of the typical lot in the immediate area which limits its functional utility.
There are multi-family residential properties (mostly quadruplexes) to its north and south (along Perris Boulevard and Sheila Street).
Single-family subdivisions are to the east and to the west (across the street).
Hold for future development.
The zoning allows for various commercial property types including multi-family residential.
The subject is located mid-block, surrounded by multi-family properties along Perris Boulevard. There are few speculation builders in the area, so the highest and best use may be to hold for future development or to build a multi-family residential property to its highest allowed density.
Form AI1205 - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Client: Client File #:
Subject Property: Appraisal File #:
MARKET AREA ANALYSIS
Location
Urban
Suburban
Rural
Built Up
Under 25%
25-75%
Over 75%
Growth
Rapid
Stable
Slow
Supply & Demand
Shortage
In Balance
Over Supply
Value Trend
Increasing
Stable
Decreasing
Typical Marketing Time
Under 3 Months
3-6 Months
Over 6 Months
Neighborhood Single Family Profile
Price Age
Low
High
Predominant
Neighborhood Land Use
1 Family
%
Condo
%
Multifamily
%
Commercial
%
Vacant
%
%
Neighborhood Name:
PUD Condo HOA: $ /
Amenities:
Market area description and characteristics:
SITE ANALYSIS
Dimensions:
Area:
View:
Shape:
Drainage:
Utility:
Site Similarity/Conformity To Neighborhood Zoning/Deed Restriction Size:
Smaller than Typical
Typical
Larger than Typical
View:
Favorable
Typical
Less than Favorable
Zoning:
Legal
Legal, non-conforming
Illegal
No zoning
Covenants, Condition & Restrictions
Yes No Unknown
Documents Reviewed
Yes No
Ground Rent $ /
Utilities
Electric Public Other
Gas Public Other
Water Public Other
Sewer Public Other
Off Site Improvements
Street Public Private
Alley Public Private
Sidewalk Public Private
Street Lights Public Private
Site description and characteristics:
HIGHEST AND BEST USE ANALYSIS
Present Use Proposed Use Other
Summary of highest and best use analysis:
*NOTICE: The Appraisal Institute publishes this form for use by appraisers where the appraiser deems use of the form appropriate. Depending on the assignment, the appraiser may need to provide additional data, analysis and work product not called for in this form. The Appraisal Institute makes no representations, warranties or guarantees as to, and assumes no responsibility for, the data, analysis or work product, or third party certifications, verifications, data specifications, scores, indexes, or valuation tools, used or provided by the individual appraiser(s) or others in the specific contents of the AI Reports®. AI Reports® AI-120.05 Appraisal Report - Land© Appraisal Institute 2017, All Rights Reserved June 2017 A.7.d
Packet Pg. 317
Attachment: Appraisal – APN 486-084-006 – Perris Blvd (POR LOT 20 MB 052/099 TR 2995) (5939 : AGREEMENT FOR CONVEYANCE OF REAL City of Moreno Valley
Perris Blvd
Perris Blvd, Moreno Valley, CA 92551
DX2042
(Adj.s, N.A. & I.V. are in $ / sf)
Perris Blvd
Moreno Valley, CA 92551
N/A
sf
N/A
N/A
Typical
4,088 sf
Residential
None
Functional Utility
Atypical
Sale Type
N/A
DOM/CDOM
N/A
Assessor Parcel Number
486-084-006
11/24/2014
$0 Quit Claim Deed
Perris Blvd
Moreno Valley, CA 92551
0.08 miles S
MLS#DW21080150
Realist, Doc#277615
100,000
13.50 05/02/2021
Similar
7,405
0 Residential
None
Superior
-4
Owner
3/3
486-091-005
09/21/2018
$98,000
-4
($ -4.00 /sf)
9.5 29.6
29.6 24449 Atwood Ave
Moreno Valley, CA 92553
2.29 miles N
MLS#SB21078386
Realist, Doc#483386
105,000
13.39 08/12/2021
Similar
7,840
0 Residential
None
Superior
-4
Owner
93/93
482-080-043
12/21/207
$61,000
-4
($ -4.00 /sf)
9.39 29.9
29.9 Val View St
Moreno Valley, CA 92553
2.76 miles N
MLS#IG18256150
Realist, Doc#219007
38,000
8.72 06/1/2019
Similar
4,356
0 Residential
None
Similar
Owner
86/219
481-171-047
03/05/2018
$28,000
8.72 Refer to the Supplemental Addendum for the sales comparison comments.
Most weight is given to Comp 1 due to its proximity to the subject. The concluded value is $9.50 per square foot. 4,088 sf x $9.50/sf = 38,836 (rounded to $39,000) 39,000
Form AI1205 - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Client: Client File #:
Subject Property: Appraisal File #:
SITE VALUATION
Site Valuation Methodology
Sales Comparison Approach: A set of procedures in which a value indication is derived by comparing the property being appraised to similar properties that have been sold recently, then applying appropriate units of comparison and making adjustments to the sale prices of the comparables based on the elements of comparison. The sales comparison approach may be used to value improved properties, vacant land, or land being considered as though vacant; it is the most common and preferred method of land valuation when an adequate supply of comparable sales are available.
Market Extraction: A method of estimating land value in which the depreciated cost of the improvements on the improved property is estimated and deducted from the total sale price to arrive at an estimated sale price for the land; most effective when the improvements contribute little to the total sale price of the property.
Alternative Method: (Describe methodology and rationale) Site Valuation
ITEM SUBJECT COMPARISON 1 COMPARISON 2 COMPARISON 3
Address
Proximity to Subject
Data Source/
Verification
Sales Price $ $ $ $
Price / $ $ $ $
Sale Date
Location
Site Size
Site View
Site Improvements
Net Adjustment + – + – + –
Indicated Value
Net Adj.
Gross Adj.
Net Adj.
Gross Adj.
Net Adj.
Gross Adj.
$ $ $
$ $ $
% % %
% % %
Prior Transfer
History
Site Valuation Comments:
Site Valuation Reconciliation:
Opinion of Site Value $
*NOTICE: The Appraisal Institute publishes this form for use by appraisers where the appraiser deems use of the form appropriate. Depending on the assignment, the appraiser may need to provide additional data, analysis and work product not called for in this form. The Appraisal Institute makes no representations, warranties or guarantees as to, and assumes no responsibility for, the data, analysis or work product, or third party certifications, verifications, data specifications, scores, indexes, or valuation tools, used or provided by the individual appraiser(s) or others in the specific contents of the AI Reports®. AI Reports® AI-120.05 Appraisal Report - Land© Appraisal Institute 2017, All Rights Reserved June 2017 A.7.d
Packet Pg. 318
Attachment: Appraisal – APN 486-084-006 – Perris Blvd (POR LOT 20 MB 052/099 TR 2995) (5939 : AGREEMENT FOR CONVEYANCE OF REAL
SALES COMPARISON COMMENTS
The MLS search for comparable land sales included the entire city of Moreno Valley in the past three years. There were only two sales in the subject’s size range (under 6,000 square feet); both in mid-2019. One of these has the same zoning as the subject and is included in the sales grid as Comp 3.
The other two comps are more recent, but are substantially larger, which is more typical. Even though smaller lots tend to sell for more on a dollar-per-square foot basis (economies of scale), the subject’s small size affects its functional utility. Therefore, it was necessary to apply larger than typical adjustments for to Comps 1 and 2 for their superior Function Utility.
A regression analysis of MLS listed residential land sales under one acre for the past three years in Moreno Valley is included.
The graph indicates the in-fill lot market decreased from 2019 to 2020, then increased, and is now back to 2019 levels. Overall, this market segment is considered stable. Therefore, no Market Conditions (time) adjustments are warranted.
A variety of larger, more recent closed sales were reviewed. Two other sales were selected to represent the subject. The dollar-per-square-foot is used for as the unit of comparison.
The comps are in order of distance; the most recent first.
Comp 1 is located a block south of the subject and Comp 2 is the most recent sale.
The concluded value is $9.50 per square foot.
SCOPE OF THE APPRAISAL
This appraisal report is intended to be an "appraisal assignment" as defined in the Standards of Professional Practice of the Appraisal Institute; i.e. it is the intent that the appraisal service be performed in such a manner that the results of the analysis, opinion, or conclusions be that of a disinterested third party. The appraiser has the appropriate knowledge, education and experience to complete this assignment competently. Refer to attached USPAP Identification for further details.
Activities undertaken during the course of this appraisal are as follows:
· A physical observation of the subject property and surrounding neighborhood on March 29, 2022. · Research and investigation of current market conditions relative to the property type being appraised, as well as the market sector with which the subject is identified.
· Interviews with brokers, appraisers, property owners, and/or managers, as well as relevant public agencies or governing bodies.
· And, compilation of the descriptions, reasoning and explanations, leading to final value conclusions, within this report.
Please Note: Unless otherwise noted in this report, a title report, environmental report, seismic report, construction or repair estimates or soil report were not submitted to the appraiser for review. Additionally, the expertise of the appraiser does not extend to building, insect/rodent infestation, or environmental inspection, and the appraiser will not be responsible for discovery.
This is especially true of environmental hazards, including household molds.
HAZARDOUS MATERIAL STATEMENT
Unless otherwise stated in this report, the existence of hazardous material, which may or may not be present on the property was not observed by the appraiser. The appraiser has no knowledge of the existence of such material on the property. The appraiser, however, is not qualified to detect such substances. The presence of substance such as asbestos, lead paint, "Chinese drywall", or other hazardous materials may affect the value of the property. The value estimate is predicated on the assumption that there is not such material on or in the property that would cause a loss of value. No responsibility is assumed for any conditions, or for any expertise or engineering knowledge required to discover them. In addition, the value opinion offered within this report is based upon the various elements that constitute the subject property being fundamentally sound and in working order. Attics and crawl space areas are typically not accessed and the "inspection" conducted for this appraisal is really more of an "observation". It is not to be regarded as a full property inspection of the type intended to reveal defects in mechanical systems, structural integrity, roofing, siding, or any other property component. The client is invited and encouraged to employ qualified experts to inspect and address any area of concern. If negative conditions are discovered, the opinion of value may require modification.
Supplemental Addendum
Form TADD_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE DX2042
City of Moreno Valley
Perris Blvd
Moreno Valley
Riverside
CA
92551
City of Moreno Valley
Borrower
Lender/Client
Property Address
City County State Zip Code
File No.
A.7.d
Packet Pg. 319
Attachment: Appraisal – APN 486-084-006 – Perris Blvd (POR LOT 20 MB 052/099 TR 2995) (5939 : AGREEMENT FOR CONVEYANCE OF REAL
ELECTRONIC SIGNATURE
This appraisal report was transmitted via electronic mail. Therefore, the signature on this is appraisal report is a digital signature, which was computer generated. The electronic signature on this report carries the same level of authenticity as an ink signature on a paper copy. This report has been electronically prepared in compliance with USPAP guidelines which includes secure and adequate security measures are in place to protect data produced by the appraiser. In you have any concerns, whatsoever, or questions regarding digitally transmitted signatures, please contact me at (951) 850-4115.
REAL ESTATE TAXES
See attached tax bill from County Assessor's website.
DEFINITION OF EXPOSURE TIME
The Appraisal Institute text The Dictionary of Real Estate Appraisal, 5th Edition, defines “Exposure Time” as:
The estimated length of time the property interest being appraised would have been offered on the market prior to the hypothetical consummation of a sale at market value on the effective date of the appraisal; a retrospective estimate based on an analysis of past events assuming a competitive and open market.
DAYS ON MARKET (DOM)
The Days On Market (DOM) listed in the Sale Grid are generally calculated from the most recent price reduction to reflect the exposure period at that price level. The total/cumulative days on market (CDOM) is also indicated Supplemental Addendum
Form TADD_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE DX2042
City of Moreno Valley
Perris Blvd
Moreno Valley
Riverside
CA
92551
City of Moreno Valley
Borrower
Lender/Client
Property Address
City County State Zip Code
File No.
A.7.d
Packet Pg. 320
Attachment: Appraisal – APN 486-084-006 – Perris Blvd (POR LOT 20 MB 052/099 TR 2995) (5939 : AGREEMENT FOR CONVEYANCE OF REAL Market Trend Graph and Aerial View of Neighborhood
City of Moreno Valley
Perris Blvd
Moreno Valley
Riverside
CA
92551
City of Moreno Valley
All MLS listed sales of single-family residences in the market area over the past year.
Land sales for the three years. The current is the same as it was in mid 2019 (Comp 3) Form PIC2W_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Borrower
Lender/Client
Property Address
City County State Zip Code
A.7.d
Packet Pg. 321
Attachment: Appraisal – APN 486-084-006 – Perris Blvd (POR LOT 20 MB 052/099 TR 2995) (5939 : AGREEMENT FOR CONVEYANCE OF REAL Form LPICPIX.DSS_LTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Subject Photos
City of Moreno Valley
Perris Blvd
Moreno Valley
Riverside
CA
92551
City of Moreno Valley
Subject
Sales Price
Gross Living Area
Total Rooms
Total Bedrooms
Total Bathrooms
Location
View
Site
Quality
Age
Perris Blvd
N/A
N/A
N/A
N/A
N/A
Typical
Residential
4,088 sf
N/A
N/A
Subject
Street
Borrower
Lender/Client
Property Address
City County State Zip Code
A.7.d
Packet Pg. 322
Attachment: Appraisal – APN 486-084-006 – Perris Blvd (POR LOT 20 MB 052/099 TR 2995) (5939 : AGREEMENT FOR CONVEYANCE OF REAL Form PICPIX.CR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Comparable Photo Page
City of Moreno Valley
Perris Blvd
Moreno Valley
Riverside
CA
92551
City of Moreno Valley
Comparable
1 Prox. to Subject
Sale Price
Gross Living Area
Total Rooms
Total Bedrooms
Total Bathrooms
Location
View
Site
Quality
Age
Perris Blvd
0.08 miles S
100,000
Similar
Residential
7,405
Comparable
2 Prox. to Subject
Sale Price
Gross Living Area
Total Rooms
Total Bedrooms
Total Bathrooms
Location
View
Site
Quality
Age
24449 Atwood Ave
2.29 miles N
105,000
Similar
Residential
7,840
Comparable
3 Prox. to Subject
Sale Price
Gross Living Area
Total Rooms
Total Bedrooms
Total Bathrooms
Location
View
Site
Quality
Age
Val View St
2.76 miles N
38,000
Similar
Residential
4,356
Borrower
Lender/Client
Property Address
City County State Zip Code
A.7.d
Packet Pg. 323
Attachment: Appraisal – APN 486-084-006 – Perris Blvd (POR LOT 20 MB 052/099 TR 2995) (5939 : AGREEMENT FOR CONVEYANCE OF REAL Form MAP_LT.LOC - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Location Map
City of Moreno Valley
Perris Blvd
Moreno Valley
Riverside
CA
92551
City of Moreno Valley
Borrower
Lender/Client
Property Address
City County State Zip Code
A.7.d
Packet Pg. 324
Attachment: Appraisal – APN 486-084-006 – Perris Blvd (POR LOT 20 MB 052/099 TR 2995) (5939 : AGREEMENT FOR CONVEYANCE OF REAL Plat Map
Form SCNLTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE A.7.d
Packet Pg. 325
Attachment: Appraisal – APN 486-084-006 – Perris Blvd (POR LOT 20 MB 052/099 TR 2995) (5939 : AGREEMENT FOR CONVEYANCE OF REAL Realist - Page 1
Form SCNLTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE A.7.d
Packet Pg. 326
Attachment: Appraisal – APN 486-084-006 – Perris Blvd (POR LOT 20 MB 052/099 TR 2995) (5939 : AGREEMENT FOR CONVEYANCE OF REAL Realist - Page 2
Form SCNLTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE A.7.d
Packet Pg. 327
Attachment: Appraisal – APN 486-084-006 – Perris Blvd (POR LOT 20 MB 052/099 TR 2995) (5939 : AGREEMENT FOR CONVEYANCE OF REAL Parcel Report
Form SCNLTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE A.7.d
Packet Pg. 328
Attachment: Appraisal – APN 486-084-006 – Perris Blvd (POR LOT 20 MB 052/099 TR 2995) (5939 : AGREEMENT FOR CONVEYANCE OF REAL Tax Report
Form SCNLTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE A.7.d
Packet Pg. 329
Attachment: Appraisal – APN 486-084-006 – Perris Blvd (POR LOT 20 MB 052/099 TR 2995) (5939 : AGREEMENT FOR CONVEYANCE OF REAL Neighborhood Aerial
Form SCNLTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE A.7.d
Packet Pg. 330
Attachment: Appraisal – APN 486-084-006 – Perris Blvd (POR LOT 20 MB 052/099 TR 2995) (5939 : AGREEMENT FOR CONVEYANCE OF REAL License
Form SCNLTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE A.7.d
Packet Pg. 331
Attachment: Appraisal – APN 486-084-006 – Perris Blvd (POR LOT 20 MB 052/099 TR 2995) (5939 : AGREEMENT FOR CONVEYANCE OF REAL Perris Blvd
DX2042
GP Residential Certifications Addendum
Perris Blvd
Moreno Valley
CA
92551
City of Moreno Valley
PO Box 88005, Moreno Valley, CA 92552
Robert R. King, SRA
28131 White Sand Trl, Moreno Valley, CA 92555-5436
STATEMENT OF ASSUMPTIONS & LIMITING CONDITIONS
- The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title to it. The appraiser assumes that the title is good and marketable and, therefore, will not render any opinions about the title. The property is appraised on the basis of it being under responsible ownership.
- The appraiser may have provided a sketch in the appraisal report to show approximate dimensions of the improvements, and any such sketch is included only to assist the reader of the report in visualizing the property and understanding the appraiser's determination of its size.
Unless otherwise indicated, a Land Survey was not performed. - If so indicated, the appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency (or other data sources) and has noted in the appraisal report whether the subject site is located in an identified Special Flood Hazard Area.
Because the appraiser is not a surveyor, he or she makes no guarantees, express or implied, regarding this determination. - The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question, unless specific arrangements to do so have been made beforehand.
- If the cost approach is included in this appraisal, the appraiser has estimated the value of the land in the cost approach at its highest and best use, and the improvements at their contributory value. These separate valuations of the land and improvements must not be used in conjunction with any other appraisal and are invalid if they are so used. Unless otherwise specifically indicated, the cost approach value is not an insurance value, and should not be used as such.
- The appraiser has noted in the appraisal report any adverse conditions (including, but not limited to, needed repairs, depreciation, the presence of hazardous wastes, toxic substances, etc.) observed during the inspection of the subject property, or that he or she became aware of during the normal research involved in performing the appraisal. Unless otherwise stated in the appraisal report, the appraiser has no knowledge of any hidden or unapparent conditions of the property, or adverse environmental conditions (including, but not limited to, the presence of hazardous wastes, toxic substances, etc.) that would make the property more or less valuable, and has assumed that there are no such conditions and makes no guarantees or warranties, express or implied, regarding the condition of the property. The appraiser will not be responsible for any such conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist. Because the appraiser is not an expert in the field of environmental hazards, the appraisal report must not be considered as an environmental assessment of the property.
- The appraiser obtained the information, estimates, and opinions that were expressed in the appraisal report from sources that he or she considers to be reliable and believes them to be true and correct. The appraiser does not assume responsibility for the accuracy of such items that were furnished by other parties.
- The appraiser will not disclose the contents of the appraisal report except as provided for in the Uniform Standards of Professional Appraisal Practice, and any applicable federal, state or local laws. - If this appraisal is indicated as subject to satisfactory completion, repairs, or alterations, the appraiser has based his or her appraisal report and valuation conclusion on the assumption that completion of the improvements will be performed in a workmanlike manner. - An appraiser's client is the party (or parties) who engage an appraiser in a specific assignment. Any other party acquiring this report from the client does not become a party to the appraiser-client relationship. Any persons receiving this appraisal report because of disclosure requirements applicable to the appraiser's client do not become intended users of this report unless specifically identified by the client at the time of the assignment.
- The appraiser's written consent and approval must be obtained before this appraisal report can be conveyed by anyone to the public, through advertising, public relations, news, sales, or by means of any other media, or by its inclusion in a private or public database. - An appraisal of real property is not a 'home inspection' and should not be construed as such. As part of the valuation process, the appraiser performs a non-invasive visual inventory that is not intended to reveal defects or detrimental conditions that are not readily apparent. The presence of such conditions or defects could adversely affect the appraiser's opinion of value. Clients with concerns about such potential negative factors are encouraged to engage the appropriate type of expert to investigate.
Form GPRES2AD_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE File No.:
Property Address: City: State: Zip Code:
Client: Address:
Appraiser: Address:
Copyright© 2007 by a la mode, inc. This form may be reproduced unmodified without written permission, however, a la mode, inc. must be acknowledged and credited. 3/2007
A.7.d
Packet Pg. 332
Attachment: Appraisal – APN 486-084-006 – Perris Blvd (POR LOT 20 MB 052/099 TR 2995) (5939 : AGREEMENT FOR CONVEYANCE OF REAL Perris Blvd
DX2042
Definitions & Scope of Work
Perris Blvd
Moreno Valley
CA
92551
City of Moreno Valley
PO Box 88005, Moreno Valley, CA 92552
Robert R. King, SRA
28131 White Sand Trl, Moreno Valley, CA 92555-5436
DEFINITION OF MARKET VALUE *:
Market value means the most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller each acting prudently and knowledgeably, and assuming the price is not affected by undue stimulus.
Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby:
1. Buyer and seller are typically motivated;
2. Both parties are well informed or well advised and acting in what they consider their best interests;
3. A reasonable time is allowed for exposure in the open market;
4. Payment is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto; and
5. The price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions granted by anyone associated with the sale.
*
The Dictionary of Real Estate Appraisal; Fifth Edition.
DEFINITION OF FAIR MARKET VALUE*:
"The fair market value is the price at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts. The fair market value of a
particular item of property includable in the decedent's gross estate is not to be determined by a forced sale price. Nor is the fair market value of an item of property to be determined by the sale price of the item in a market other than that in which such item is most commonly sold to the public, taking into account the location of the item wherever appropriate." * Per IRS Regulation 20.2031-1
The Scope of Work is the type and extent of research and analyses performed in an appraisal assignment that is required to produce credible assignment results, given the nature of the appraisal problem, the specific requirements of the intended user(s) and the intended use of the appraisal report. Reliance upon this report, regardless of how acquired, by any party or for any use, other than those specified in
this report by the Appraiser, is prohibited. The Opinion of Value that is the conclusion of this report is credible only within the context
of the Scope of Work, Effective Date, the Date of Report, the Intended User(s), the Intended Use, the stated Assumptions and Limiting Conditions, any Hypothetical Conditions and/or Extraordinary Assumptions, and the Type of Value, as defined herein. The appraiser,
appraisal firm, and related parties assume no obligation, liability, or accountability, and will not be responsible for any unauthorized
use of this report or its conclusions.
Additional Comments (Scope of Work, Extraordinary Assumptions, Hypothetical Conditions, etc.):
.
Form GPRES2AD_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE File No.:
Property Address: City: State: Zip Code:
Client: Address:
Appraiser: Address:
Copyright© 2007 by a la mode, inc. This form may be reproduced unmodified without written permission, however, a la mode, inc. must be acknowledged and credited. 3/2007
A.7.d
Packet Pg. 333
Attachment: Appraisal – APN 486-084-006 – Perris Blvd (POR LOT 20 MB 052/099 TR 2995) (5939 : AGREEMENT FOR CONVEYANCE OF REAL Perris Blvd
DX2042
Certifications
Perris Blvd
Moreno Valley
CA
92551
City of Moreno Valley
PO Box 88005, Moreno Valley, CA 92552
Robert R. King, SRA
28131 White Sand Trl, Moreno Valley, CA 92555-5436
.
APPRAISER'S
CERTIFICATION
I certify that, to the best of my knowledge and belief:
- The statements of fact contained in this report are true and correct. - The credibility of this report, for the stated use by the stated user(s), of the reported analyses, opinions, and conclusions are limited only
by the reported assumptions and limiting conditions, and are my personal, impartial, and unbiased professional analyses, opinions, and conclusions.
- I have no present or prospective interest in the property that is the subject of this report and no personal interest with
respect to the parties involved.
- I have no bias with respect to the property that is the subject of this report or to the parties involved with this assignment. - My engagement in this assignment was not contingent upon developing or reporting predetermined results. - My compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in value that favors the cause of the client, the amount of the value opinion, the attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended use of this appraisal. - My analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the Uniform Standards of Professional Appraisal Practice that were in effect at the time this report was prepared. - I did not base, either partially or completely, my analysis and/or the opinion of value in the appraisal report on the race, color, religion, sex, handicap, familial status, or national origin of either the prospective owners or occupants of the subject property, or of the present owners or occupants of the properties in the vicinity of the subject property. - Unless otherwise indicated, I have made a personal inspection of the property that is the subject of this report. - Unless otherwise indicated, no one provided significant real property appraisal assistance to the person(s) signing this certification.
Additional Certifications: As of the date of this report, I Robert R. King have completed the Standards and Ethics Education Requirement of the Appraisal Institute for Designated Members.
Melissa Elizondo - Senior Accountant
City of Moreno Valley
[email protected]
PO Box 88005, Moreno Valley, CA 92552
Robert R. King, SRA
Del Rey Appraisal Services
(951) 850-4115
---
[email protected]
04/04/2022
AG033647
CA
SRA
04/08/2022
03/29/2022
N/A
Form GPRES2AD_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE File No.:
Property Address: City: State: Zip Code:
Client: Address:
Appraiser: Address:
SIG N ATU RES
Client Contact:
Client Name:
E-Mail: Address:
APPRAISER
Appraiser Name:
Company:
Phone:
Fax:
E-Mail:
Date Report Signed:
License or Certification #:
State:
Designation:
Expiration Date of License or Certification:
Inspection of Subject: Interior & Exterior Exterior Only None Date of Inspection:
SUPERVISORY APPRAISER (if required)
or CO-APPRAISER (if applicable)
Supervisory or
Co-Appraiser Name:
Company:
Phone:
Fax:
E-Mail:
Date Report Signed:
License or Certification #:
State:
Designation:
Expiration Date of License or Certification:
Inspection of Subject: Interior & Exterior Exterior Only None Date of Inspection:
Copyright© 2007 by a la mode, inc. This form may be reproduced unmodified without written permission, however, a la mode, inc. must be acknowledged and credited. 3/2007
A.7.d
Packet Pg. 334
Attachment: Appraisal – APN 486-084-006 – Perris Blvd (POR LOT 20 MB 052/099 TR 2995) (5939 : AGREEMENT FOR CONVEYANCE OF REAL City of Moreno Valley
DX2042
Perris Blvd
Moreno Valley
Riverside
CA
92551
City of Moreno Valley
APPRAISAL AND REPORT IDENTIFICATION
2-2(a)
2-2(b)
Comments on Standards Rule 2-3
I certify that, to the best of my knowledge and belief:
- The statements of fact contained in this report are true and correct. - The reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions and are my personal, impartial, and unbiased professional analyses, opinions, and conclusions.
- Unless otherwise indicated, I have no present or prospective interest in the property that is the subject of this report and no personal interest with respect to the parties involved. - Unless otherwise indicated, I have performed no services, as an appraiser or in any other capacity, regarding the property that is the subject of this report within the three-year period immediately preceding acceptance of this assignment. - I have no bias with respect to the property that is the subject of this report or the parties involved with this assignment. - My engagement in this assignment was not contingent upon developing or reporting predetermined results. - My compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in value that favors the cause of the client, the amount of the value opinion, the attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended use of this appraisal. - My analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the Uniform Standards of Professional Appraisal Practice that were in effect at the time this report was prepared.
- Unless otherwise indicated, I have made a personal inspection of the property that is the subject of this report. - Unless otherwise indicated, no one provided significant real property appraisal assistance to the person(s) signing this certification (if there are exceptions, the name of each individual providing significant real property appraisal assistance is stated elsewhere in this report).
Comments on Appraisal and Report Identification
The reported analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the requirements of the Code of Professional Ethics & Standards of Professional Appraisal Practice of the Appraisal Institute. The use of this report is subject to the requirements of the Appraisal Institute relating to review by its duly authorized representatives.
Robert R. King, SRA
SRA
AG033647
CA
04/08/2022
04/04/2022
03/29/2022
03/29/2022
N/A
Form ID14_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Borrower
Lender/Client
File No.
Property Address
City County State Zip Code
This Report is one
of the following types:
Appraisal Report (A written report prepared under Standards Rule , pursuant to the Scope of Work, as disclosed elsewhere in this report.) Restricted
Appraisal Report
(A written report prepared under Standards Rule , pursuant to the Scope of Work, as disclosed elsewhere in this report, restricted to the stated intended use by the specified client or intended user.) APPRAISER:
Signature:
Name:
State Certification #:
or State License #:
State:
Expiration Date of Certification or License:
Date of Signature and Report:
Effective Date of Appraisal:
Inspection of Subject: None Interior and Exterior Exterior-Only Date of Inspection (if applicable):
SUPERVISORY or CO-APPRAISER (if applicable):
Signature:
Name:
State Certification #:
or State License #:
State:
Expiration Date of Certification or License:
Date of Signature:
Inspection of Subject: None Interior and Exterior Exterior-Only Date of Inspection (if applicable):
A.7.d
Packet Pg. 335
Attachment: Appraisal – APN 486-084-006 – Perris Blvd (POR LOT 20 MB 052/099 TR 2995) (5939 : AGREEMENT FOR CONVEYANCE OF REAL In the course of performing appraisals, we may collect what is known as "nonpublic personal information" about you. This information is used to facilitate the services that we provide to you and may include the information provided to us by you directly or received by us from others with your authorization.
We do not disclose any nonpublic personal information obtained in the course of our engagement with our clients to nonaffiliated third parties, except as necessary or as required by law. By way of example, a necessary disclosure would be to our employees, and in certain situations, to unrelated third party consultants who need to know that information to assist us in providing appraisal services to you. All of our employees and any third party consultants we employ are informed that any information they see as part of an appraisal assignment is to be maintained in strict confidence within the firm.
A disclosure required by law would be a disclosure by us that is ordered by a court of competent jurisdiction with regard to a legal action to which you are a party.
We will retain records relating to professional services that we have provided to you for a reasonable time so that we are better able to assist you with your needs. In order to protect your nonpublic personal information from unauthorized access by third parties, we maintain physical, electronic and procedural safeguards that comply with our professional standards to insure the security and integrity of your information.
Please feel free to call us any time if you have any questions about the confidentiality of the information that you provide to us.
Del Rey Appraisal Services
Form PRV - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
PRIVACY NOTICE
Pursuant to the Gramm-Leach-Bliley Act of 1999, effective July 1, 2001, Appraisers, along with all providers of personal financial services are now required by federal law to inform their clients of the policies of the firm with regard to the privacy of client nonpublic personal information. As professionals, we understand that your privacy is very important to you and are pleased to provide you with this information.
Types of Nonpublic Personal Information We Collect
Parties to Whom We Disclose Information
Confidentiality and Security
A.7.d
Packet Pg. 336
Attachment: Appraisal – APN 486-084-006 – Perris Blvd (POR LOT 20 MB 052/099 TR 2995) (5939 : AGREEMENT FOR CONVEYANCE OF REAL
APPRAISAL OF REAL PROPERTY
VACANT LAND
Sheila Street
Moreno Valley, CA 92551
POR LOT 5 MB 052/099 TR 2995
City of Moreno Valley
PO Box 88005
Moreno Valley, CA 92552
$39,000
03/29/2022
Robert R. King, SRA
Del Rey Appraisal Services
28131 White Sand Trl
Moreno Valley, CA 92555-5436
(951) 850-4115
[email protected]
---
Form GA1V_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
LOCATED AT
FOR
OPINION OF VALUE
AS OF
BY
A.7.e
Packet Pg. 337
Attachment: Appraisal – APN 486-084-011 – Sheila Street (POR LOT 5 MB 052/099 TR 2995) (5939 : AGREEMENT FOR CONVEYANCE OF REAL Del Rey Appraisal Services
28131 White Sand Trl
Moreno Valley, CA 92555-5436
(951) 850-4115
---
04/04/2022
Melissa Elizondo - Senior Accountant
City of Moreno Valley
PO Box 88005
Moreno Valley, CA 92552
Re:
Property:
Sheila Street
Moreno Valley, CA 92551
Client:
City of Moreno Valley
File No.:
DX2043
Opinion of Value: $
39,000
Effective Date:
03/29/2022
In accordance with your request, I have appraised the above referenced property. The report of that appraisal is attached. The intended use of this appraisal is for internal planning purposes; potential purchase. The intended user is the City of Moreno Valley.
The purpose of the appraisal is to develop an opinion of market value for the property described in this appraisal report, as improved, in unencumbered fee simple title of ownership.
This report is based on a physical analysis of the site and improvements, a locational analysis of the neighborhood and city, and an economic analysis of the market for properties such as the subject. The appraisal was developed and the report was prepared in accordance with the Uniform Standards of Professional Appraisal Practice.
The opinion of value reported above is as of the stated effective date and is contingent upon the certification and limiting conditions attached.
It has been a pleasure to assist you. Please do not hesitate to contact me if I can be of additional service to you.
Sincerely,
Robert R. King, SRA
Del Rey Appraisal Services
License or Certification #: AG033647
State: CA Expires: 04/08/2022
[email protected]
A.7.e
Packet Pg. 338
Attachment: Appraisal – APN 486-084-011 – Sheila Street (POR LOT 5 MB 052/099 TR 2995) (5939 : AGREEMENT FOR CONVEYANCE OF REAL DX2043
City of Moreno Valley
Sheila Street
Moreno Valley
Riverside
CA
92551
City of Moreno Valley
Cover Page ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Letter of Transmittal ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Table of Contents ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Summary of Salient Features ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Appraisal Report - Land ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Supplemental Addendum ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Market Trend Graph and Aerial View of Neighborhood ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Subject Photos ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Comparable Photos 1-3 ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Location Map ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Neighborhood Aerial ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Plat Map ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Realist - Page 1 ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Realist - Page 2 ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Parcel Report ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Tax Report ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
License ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
GP Residential Certifications Addendum ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
USPAP Identification ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
GLB Act Privacy Notification .................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... 1 2
3 4
5 9
11 12
13 14
15 16
17 18
19 20
21 22
25 26
Form TOCNP_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Borrower
Lender/Client
File No.
Property Address
City County State Zip Code
TABLE OF CONTENTS
A.7.e
Packet Pg. 339
Attachment: Appraisal – APN 486-084-011 – Sheila Street (POR LOT 5 MB 052/099 TR 2995) (5939 : AGREEMENT FOR CONVEYANCE OF REAL Form SSD2_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Sheila Street
POR LOT 5 MB 052/099 TR 2995
Moreno Valley
Riverside
CA
92551
0488.00
40140
N/A
N/A
City of Moreno Valley
City of Moreno Valley
N/A
N/A
Typical
N/A
N/A
N/A
N/A
N/A
Robert R. King, SRA
03/29/2022
39,000
Borrower
Lender/Client
SUMMARY OF SALIENT FEATURES
SU BJECT INFOR M ATION
Subject Address
Legal Description
City
County
State
Zip Code
Census Tract
Map Reference
SALES PR ICE
Sale Price
Date of Sale
$
CLIENTDESCR IPTION OF IM PR OVEM ENTS
Size (Square Feet)
Price per Square Foot
Location
Age
Condition
Total Rooms
Bedrooms
Baths
$
APPR AISER
Appraiser
Date of Appraised Value
VALU E
Opinion of Value $
A.7.e
Packet Pg. 340
Attachment: Appraisal – APN 486-084-011 – Sheila Street (POR LOT 5 MB 052/099 TR 2995) (5939 : AGREEMENT FOR CONVEYANCE OF REAL Del Rey Appraisal Services
Sheila Street
DX2043
Del Rey Appraisal Services
28131 White Sand Trl, Moreno Valley, CA 92555-5436
(951) 850-4115
---
---
Robert R. King, SRA
---
[email protected]
City of Moreno Valley
Melissa Elizondo - Senior Accountant
PO Box 88005, Moreno Valley, CA 92552
(951) 413-3073
[email protected]
Sheila Street
Moreno Valley
Riverside
CA
92551
POR LOT 5 MB 052/099 TR 2995
486-084-011
0 2021
Vacant Residential/Commercial Land
Vacant Residential/Commercial Land
Hold for future development
Moreno Valley Housing Authority
Refer to attached Realist for history. No transfers
reported in the past three years.
No currently MLS listings and no know contracts.
39,000
N/A
N/A
The Sale Comparison Approach was the only approach deemed appropriate for this appraisal assignment. Participants in this market are not relying on either the Cost Approach or the Income Approach for purchasing vacant residential land.
03/29/2022
39,000
The concluded value is based on an exposure time of six to eighteen months.
Form AI1205 - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Client File #: Appraisal File #:
Form 120.05*
Appraisal Report • Land
Appraisal Company:
Address:
Phone: Fax: Website:
Appraiser:
AI Membership (if any): SRA MAI SRPA AI-GRS AI-RRS
AI Affiliation (if any): Candidate for Designation Practicing Affiliate Other Professional Affiliation:
E-mail:
Co-Appraiser:
AI Membership (if any): SRA MAI SRPA AI-GRS AI-RRS
AI Affiliation (if any): Candidate for Designation Practicing Affiliate Other Professional Affiliation:
E-mail:
Client: Contact:
Address:
Phone: Fax: E-mail:
SUBJECT PROPERTY IDENTIFICATION
Address:
City: County: State: ZIP:
Legal Description:
Tax Parcel #: RE Taxes: Tax Year:
Use of the Real Estate As of the Date of Value:
Use of the Real Estate Reflected in the Appraisal:
Opinion of highest and best use (if required):
SUBJECT PROPERTY HISTORY
Owner of Record:
Description and analysis of sales within 3 years (minimum) prior to effective date of value:
Description and analysis of agreements of sale (contracts), listings, and options:
RECONCILIATIONS AND CONCLUSIONS
Indication of Value by Sales Comparison Approach $
Indication of Value by Cost Approach $
Indication of Value by Income Approach $
Final Reconciliation of the Methods and Approaches to Value:
Opinion of Value as of: $
Exposure Time:
The above opinion is subject to: Hypothetical Conditions and/or Extraordinary Assumptions cited on the following page. *NOTICE: The Appraisal Institute publishes this form for use by appraisers where the appraiser deems use of the form appropriate. Depending on the assignment, the appraiser may need to provide additional data, analysis and work product not called for in this form. The Appraisal Institute makes no representations, warranties or guarantees as to, and assumes no responsibility for, the data, analysis or work product, or third party certifications, verifications, data specifications, scores, indexes, or valuation tools, used or provided by the individual appraiser(s) or others in the specific contents of the AI Reports®. AI Reports® AI-120.05 Appraisal Report - Land© Appraisal Institute 2017, All Rights Reserved June 2017 A.7.e
Packet Pg. 341
Attachment: Appraisal – APN 486-084-011 – Sheila Street (POR LOT 5 MB 052/099 TR 2995) (5939 : AGREEMENT FOR CONVEYANCE OF REAL City of Moreno Valley
Sheila Street
Sheila Street, Moreno Valley, CA 92551
DX2043
City of Moreno Valley
Internal planning by the client, City of Moreno Valley; potential purchase. There are no other intended use or users.
Market Value
03/29/2022
None noted.
None noted.
03/29/2022
On site viewing, Realist Tax (attached).
N/A
The intended use of this appraisal is for the City's internal planning purposes; potential purchase.
The intended user is the City of Moreno Valley. The appraiser specifically disclaims any liability, whatsoever, for any non-intended use by any non-intended user.
Form AI1205 - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Client: Client File #:
Subject Property: Appraisal File #:
ASSIGNMENT PARAMETERS
Intended User(s):
Intended Use:
This report is not intended by the appraiser for any other use or by any other user.
Type of Value: Effective Date of Value:
Interest Appraised: Fee Simple Leasehold Other
Hypothetical Conditions: (A hypothetical condition is that which is contrary to what exists, but is asserted by the appraiser for the purpose of analysis. Any hypothetical condition may affect the assignment results.) Extraordinary Assumptions: (An extraordinary assumption is directly related to a specific assignment and presumes uncertain information to be factual. If found to be false this assumption could alter the appraiser’s opinions or conclusions. Any extraordinary assumption may affect the assignment results.)
This is an Appraisal Report in accordance with Standard Rule 2-2(a) of the Uniform Standard of Professional Appraisal Practice (USPAP).
SCOPE OF WORK
Definition: The scope of work is the type and extent of research and analysis in an assignment. Scope of work includes the extent to which the property is identified, the extent to which tangible property is inspected, the type and extent of data research, and the type and extent of analysis applied to arrive at credible opinions or conclusions. The specific scope of work for this assignment is identified below and throughout this report.
Scope of Subject Property Inspection/Data Sources Utilized Approaches to Value Developed Appraiser
Property Inspection: Yes No
Date of Inspection:
Describe Scope of Property Inspection, Source of Area Calculations and Data Sources Consulted:
Co-Appraiser
Property Inspection: Yes No
Date of Inspection:
Describe Scope of Property Inspection, Source of Area Calculations and Data Sources Consulted:
Cost Approach:
Is necessary for credible results and is developed in this analysis Is not necessary for credible results; not developed in this analysis Is not necessary for credible results but is developed in this analysis Sales Comparison Approach:
Is necessary for credible results and is developed in this analysis Is not necessary for credible results; not developed in this analysis Is not necessary for credible results but is developed in this analysis Income Approach:
Is necessary for credible results and is developed in this analysis Is not necessary for credible results; not developed in this analysis Is not necessary for credible results but is developed in this analysis Additional Scope of Work Comments:
Significant Real Property Appraisal Assistance: None Disclose Name(s) and contribution:
*NOTICE: The Appraisal Institute publishes this form for use by appraisers where the appraiser deems use of the form appropriate. Depending on the assignment, the appraiser may need to provide additional data, analysis and work product not called for in this form. The Appraisal Institute makes no representations, warranties or guarantees as to, and assumes no responsibility for, the data, analysis or work product, or third party certifications, verifications, data specifications, scores, indexes, or valuation tools, used or provided by the individual appraiser(s) or others in the specific contents of the AI Reports®. AI Reports® AI-120.05 Appraisal Report - Land© Appraisal Institute 2017, All Rights Reserved June 2017 A.7.e
Packet Pg. 342
Attachment: Appraisal – APN 486-084-011 – Sheila Street (POR LOT 5 MB 052/099 TR 2995) (5939 : AGREEMENT FOR CONVEYANCE OF REAL City of Moreno Valley
Sheila Street
Sheila Street, Moreno Valley, CA 92551
DX2043
335
615
450
1 65
37 60
10 10
10 Mfd Homes
10 Moreno Valley
N/A
None
The subject is located in a residential market area. There are multi-family residential properties to north and south of the subject (primarily 2-4 units). Single-family residential properties are located to the north, east and west.
Maintenance levels are mixed. Support facilities such as retail, recreation, schools, restaurants, employment, etc. are located the immediate area.
Although the single-family residential prices have increased (see attached regression analysis), in-fill lots remain relatively stable.
General boundaries: North - John F Kennedy Dr; East - Kitching St; South - Santiago Dr; West - Indian St.
37.5x109
4,088 sf
Residential
Rectangular
Appears adequate
Atypical (relatively small for potential uses)
COMU - Corridor Mixed
Use
N/A
Asphalt
Asphalt
Concrete
Concrete Poles
The subject is a flat, rectangular lot with curb and gutter along Sheila Street and an alley to its rear.
Note that Realist Tax indicates a lot size of 4,356 square feet, but the dimensions on the plat map indicate 4,088 square feet.
The subject's lot is half the size of the typical lot in the immediate area which limits its functional utility.
There are multi-family residential properties (mostly quadruplexes) to its north and south (along Perris Boulevard and Sheila Street).
Single-family subdivisions are to the east and to the west (across the street).
Hold for future development.
The zoning allows for various commercial property types including multi-family residential.
The subject is located mid-block, surrounded by multi-family properties along Sheila Street. There are few speculation builders in the area, so the highest and best use may be to hold for future development or to build a multi-family residential property to its highest allowed density.
Form AI1205 - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Client: Client File #:
Subject Property: Appraisal File #:
MARKET AREA ANALYSIS
Location
Urban
Suburban
Rural
Built Up
Under 25%
25-75%
Over 75%
Growth
Rapid
Stable
Slow
Supply & Demand
Shortage
In Balance
Over Supply
Value Trend
Increasing
Stable
Decreasing
Typical Marketing Time
Under 3 Months
3-6 Months
Over 6 Months
Neighborhood Single Family Profile
Price Age
Low
High
Predominant
Neighborhood Land Use
1 Family
%
Condo
%
Multifamily
%
Commercial
%
Vacant
%
%
Neighborhood Name:
PUD Condo HOA: $ /
Amenities:
Market area description and characteristics:
SITE ANALYSIS
Dimensions:
Area:
View:
Shape:
Drainage:
Utility:
Site Similarity/Conformity To Neighborhood Zoning/Deed Restriction Size:
Smaller than Typical
Typical
Larger than Typical
View:
Favorable
Typical
Less than Favorable
Zoning:
Legal
Legal, non-conforming
Illegal
No zoning
Covenants, Condition & Restrictions
Yes No Unknown
Documents Reviewed
Yes No
Ground Rent $ /
Utilities
Electric Public Other
Gas Public Other
Water Public Other
Sewer Public Other
Off Site Improvements
Street Public Private
Alley Public Private
Sidewalk Public Private
Street Lights Public Private
Site description and characteristics:
HIGHEST AND BEST USE ANALYSIS
Present Use Proposed Use Other
Summary of highest and best use analysis:
*NOTICE: The Appraisal Institute publishes this form for use by appraisers where the appraiser deems use of the form appropriate. Depending on the assignment, the appraiser may need to provide additional data, analysis and work product not called for in this form. The Appraisal Institute makes no representations, warranties or guarantees as to, and assumes no responsibility for, the data, analysis or work product, or third party certifications, verifications, data specifications, scores, indexes, or valuation tools, used or provided by the individual appraiser(s) or others in the specific contents of the AI Reports®. AI Reports® AI-120.05 Appraisal Report - Land© Appraisal Institute 2017, All Rights Reserved June 2017 A.7.e
Packet Pg. 343
Attachment: Appraisal – APN 486-084-011 – Sheila Street (POR LOT 5 MB 052/099 TR 2995) (5939 : AGREEMENT FOR CONVEYANCE OF REAL City of Moreno Valley
Sheila Street
Sheila Street, Moreno Valley, CA 92551
DX2043
(Adj.s, N.A. & I.V. are in $ / sf)
Sheila St
Moreno Valley, CA 92551
N/A
sf
N/A
N/A
Typical
4,088 sf
Residential
None
Functional Utility
Atypical
Sale Type
N/A
DOM/CDOM
N/A
Assessor Parcel Number
486-084-006
11/24/2014
$0 Quit Claim Deed
Perris Blvd
Moreno Valley, CA 92551
0.05 miles SW
MLS#DW21080150
Realist, Doc#277615
100,000
13.50 05/02/2021
Similar
7,405
0 Residential
None
Superior
-4
Owner
3/3
486-091-005
09/21/2018
$98,000
-4
($ -4.00 /sf)
9.5 29.6
29.6 24449 Atwood Ave
Moreno Valley, CA 92553
2.34 miles N
MLS#SB21078386
Realist, Doc#483386
105,000
13.39 08/12/2021
Similar
7,840
0 Residential
None
Superior
-4
Owner
93/93
482-080-043
12/21/207
$61,000
-4
($ -4.00 /sf)
9.39 29.9
29.9 Val View St
Moreno Valley, CA 92553
2.85 miles N
MLS#IG18256150
Realist, Doc#219007
38,000
8.72 06/1/2019
Similar
4,356
0 Residential
None
Similar
Owner
86/219
481-171-047
03/05/2018
$28,000
8.72 Refer to the Supplemental Addendum for the sales comparison comments.
Most weight is given to Comp 1 due to its proximity to the subject. The concluded value is $9.50 per square foot. 4,088 sf x $9.50/sf = 38,836 (rounded to $39,000) 39,000
Form AI1205 - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Client: Client File #:
Subject Property: Appraisal File #:
SITE VALUATION
Site Valuation Methodology
Sales Comparison Approach: A set of procedures in which a value indication is derived by comparing the property being appraised to similar properties that have been sold recently, then applying appropriate units of comparison and making adjustments to the sale prices of the comparables based on the elements of comparison. The sales comparison approach may be used to value improved properties, vacant land, or land being considered as though vacant; it is the most common and preferred method of land valuation when an adequate supply of comparable sales are available.
Market Extraction: A method of estimating land value in which the depreciated cost of the improvements on the improved property is estimated and deducted from the total sale price to arrive at an estimated sale price for the land; most effective when the improvements contribute little to the total sale price of the property.
Alternative Method: (Describe methodology and rationale) Site Valuation
ITEM SUBJECT COMPARISON 1 COMPARISON 2 COMPARISON 3
Address
Proximity to Subject
Data Source/
Verification
Sales Price $ $ $ $
Price / $ $ $ $
Sale Date
Location
Site Size
Site View
Site Improvements
Net Adjustment + – + – + –
Indicated Value
Net Adj.
Gross Adj.
Net Adj.
Gross Adj.
Net Adj.
Gross Adj.
$ $ $
$ $ $
% % %
% % %
Prior Transfer
History
Site Valuation Comments:
Site Valuation Reconciliation:
Opinion of Site Value $
*NOTICE: The Appraisal Institute publishes this form for use by appraisers where the appraiser deems use of the form appropriate. Depending on the assignment, the appraiser may need to provide additional data, analysis and work product not called for in this form. The Appraisal Institute makes no representations, warranties or guarantees as to, and assumes no responsibility for, the data, analysis or work product, or third party certifications, verifications, data specifications, scores, indexes, or valuation tools, used or provided by the individual appraiser(s) or others in the specific contents of the AI Reports®. AI Reports® AI-120.05 Appraisal Report - Land© Appraisal Institute 2017, All Rights Reserved June 2017 A.7.e
Packet Pg. 344
Attachment: Appraisal – APN 486-084-011 – Sheila Street (POR LOT 5 MB 052/099 TR 2995) (5939 : AGREEMENT FOR CONVEYANCE OF REAL
SALES COMPARISON COMMENTS
The MLS search for comparable land sales included the entire city of Moreno Valley in the past three years. There were only two sales in the subject’s size range (under 6,000 square feet); both in mid-2019. One of these has the same zoning as the subject and is included in the sales grid as Comp 3.
The other two comps are more recent, but are substantially larger, which is more typical. Even though smaller lots tend to sell for more on a dollar-per-square foot basis (economies of scale), the subject’s small size affects its functional utility. Therefore, it was necessary to apply larger than typical adjustments for to Comps 1 and 2 for their superior Function Utility.
A regression analysis of MLS listed residential land sales under one acre for the past three years in Moreno Valley is included.
The graph indicates the in-fill lot market decreased from 2019 to 2020, then increased, and is now back to 2019 levels. Overall, this market segment is considered stable. Therefore, no Market Conditions (time) adjustments are warranted.
A variety of larger, more recent closed sales were reviewed. Two other sales were selected to represent the subject. The dollar-per-square-foot is used for as the unit of comparison.
The comps are in order of distance; the most recent first.
Comp 1 is located a block south of the subject and Comp 2 is the most recent sale.
The concluded value is $9.50 per square foot.
SCOPE OF THE APPRAISAL
This appraisal report is intended to be an "appraisal assignment" as defined in the Standards of Professional Practice of the Appraisal Institute; i.e. it is the intent that the appraisal service be performed in such a manner that the results of the analysis, opinion, or conclusions be that of a disinterested third party. The appraiser has the appropriate knowledge, education and experience to complete this assignment competently. Refer to attached USPAP Identification for further details.
Activities undertaken during the course of this appraisal are as follows:
· A physical observation of the subject property and surrounding neighborhood on March 29, 2022. · Research and investigation of current market conditions relative to the property type being appraised, as well as the market sector with which the subject is identified.
· Interviews with brokers, appraisers, property owners, and/or managers, as well as relevant public agencies or governing bodies.
· And, compilation of the descriptions, reasoning and explanations, leading to final value conclusions, within this report.
Please Note: Unless otherwise noted in this report, a title report, environmental report, seismic report, construction or repair estimates or soil report were not submitted to the appraiser for review. Additionally, the expertise of the appraiser does not extend to building, insect/rodent infestation, or environmental inspection, and the appraiser will not be responsible for discovery.
This is especially true of environmental hazards, including household molds.
HAZARDOUS MATERIAL STATEMENT
Unless otherwise stated in this report, the existence of hazardous material, which may or may not be present on the property was not observed by the appraiser. The appraiser has no knowledge of the existence of such material on the property. The appraiser, however, is not qualified to detect such substances. The presence of substance such as asbestos, lead paint, "Chinese drywall", or other hazardous materials may affect the value of the property. The value estimate is predicated on the assumption that there is not such material on or in the property that would cause a loss of value. No responsibility is assumed for any conditions, or for any expertise or engineering knowledge required to discover them. In addition, the value opinion offered within this report is based upon the various elements that constitute the subject property being fundamentally sound and in working order. Attics and crawl space areas are typically not accessed and the "inspection" conducted for this appraisal is really more of an "observation". It is not to be regarded as a full property inspection of the type intended to reveal defects in mechanical systems, structural integrity, roofing, siding, or any other property component. The client is invited and encouraged to employ qualified experts to inspect and address any area of concern. If negative conditions are discovered, the opinion of value may require modification.
Supplemental Addendum
Form TADD_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE DX2043
City of Moreno Valley
Sheila Street
Moreno Valley
Riverside
CA
92551
City of Moreno Valley
Borrower
Lender/Client
Property Address
City County State Zip Code
File No.
A.7.e
Packet Pg. 345
Attachment: Appraisal – APN 486-084-011 – Sheila Street (POR LOT 5 MB 052/099 TR 2995) (5939 : AGREEMENT FOR CONVEYANCE OF REAL
ELECTRONIC SIGNATURE
This appraisal report was transmitted via electronic mail. Therefore, the signature on this is appraisal report is a digital signature, which was computer generated. The electronic signature on this report carries the same level of authenticity as an ink signature on a paper copy. This report has been electronically prepared in compliance with USPAP guidelines which includes secure and adequate security measures are in place to protect data produced by the appraiser. In you have any concerns, whatsoever, or questions regarding digitally transmitted signatures, please contact me at (951) 850-4115.
REAL ESTATE TAXES
See attached tax bill from County Assessor's website.
DEFINITION OF EXPOSURE TIME
The Appraisal Institute text The Dictionary of Real Estate Appraisal, 5th Edition, defines “Exposure Time” as:
The estimated length of time the property interest being appraised would have been offered on the market prior to the hypothetical consummation of a sale at market value on the effective date of the appraisal; a retrospective estimate based on an analysis of past events assuming a competitive and open market.
DAYS ON MARKET (DOM)
The Days On Market (DOM) listed in the Sale Grid are generally calculated from the most recent price reduction to reflect the exposure period at that price level. The total/cumulative days on market (CDOM) is also indicated Supplemental Addendum
Form TADD_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE DX2043
City of Moreno Valley
Sheila Street
Moreno Valley
Riverside
CA
92551
City of Moreno Valley
Borrower
Lender/Client
Property Address
City County State Zip Code
File No.
A.7.e
Packet Pg. 346
Attachment: Appraisal – APN 486-084-011 – Sheila Street (POR LOT 5 MB 052/099 TR 2995) (5939 : AGREEMENT FOR CONVEYANCE OF REAL Market Trend Graph and Aerial View of Neighborhood
City of Moreno Valley
Sheila Street
Moreno Valley
Riverside
CA
92551
City of Moreno Valley
All MLS listed sales of single-family residences in the market area over the past year.
Land sales for the three years. The current is the same as it was in mid 2019 (Comp 3) Form PIC2W_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Borrower
Lender/Client
Property Address
City County State Zip Code
A.7.e
Packet Pg. 347
Attachment: Appraisal – APN 486-084-011 – Sheila Street (POR LOT 5 MB 052/099 TR 2995) (5939 : AGREEMENT FOR CONVEYANCE OF REAL Form LPICPIX.DSS_LTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Subject Photos
City of Moreno Valley
Sheila Street
Moreno Valley
Riverside
CA
92551
City of Moreno Valley
Subject
Sales Price
Gross Living Area
Total Rooms
Total Bedrooms
Total Bathrooms
Location
View
Site
Quality
Age
Sheila St
N/A
N/A
N/A
N/A
N/A
Typical
Residential
4,088 sf
N/A
N/A
Subject
Street
Borrower
Lender/Client
Property Address
City County State Zip Code
A.7.e
Packet Pg. 348
Attachment: Appraisal – APN 486-084-011 – Sheila Street (POR LOT 5 MB 052/099 TR 2995) (5939 : AGREEMENT FOR CONVEYANCE OF REAL Form PICPIX.CR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Comparable Photo Page
City of Moreno Valley
Sheila Street
Moreno Valley
Riverside
CA
92551
City of Moreno Valley
Comparable
1 Prox. to Subject
Sale Price
Gross Living Area
Total Rooms
Total Bedrooms
Total Bathrooms
Location
View
Site
Quality
Age
Perris Blvd
0.05 miles SW
100,000
Similar
Residential
7,405
Comparable
2 Prox. to Subject
Sale Price
Gross Living Area
Total Rooms
Total Bedrooms
Total Bathrooms
Location
View
Site
Quality
Age
24449 Atwood Ave
2.34 miles N
105,000
Similar
Residential
7,840
Comparable
3 Prox. to Subject
Sale Price
Gross Living Area
Total Rooms
Total Bedrooms
Total Bathrooms
Location
View
Site
Quality
Age
Val View St
2.85 miles N
38,000
Similar
Residential
4,356
Borrower
Lender/Client
Property Address
City County State Zip Code
A.7.e
Packet Pg. 349
Attachment: Appraisal – APN 486-084-011 – Sheila Street (POR LOT 5 MB 052/099 TR 2995) (5939 : AGREEMENT FOR CONVEYANCE OF REAL Form MAP_LT.LOC - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Location Map
City of Moreno Valley
Sheila Street
Moreno Valley
Riverside
CA
92551
City of Moreno Valley
Borrower
Lender/Client
Property Address
City County State Zip Code
A.7.e
Packet Pg. 350
Attachment: Appraisal – APN 486-084-011 – Sheila Street (POR LOT 5 MB 052/099 TR 2995) (5939 : AGREEMENT FOR CONVEYANCE OF REAL Neighborhood Aerial
Form SCNLTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE A.7.e
Packet Pg. 351
Attachment: Appraisal – APN 486-084-011 – Sheila Street (POR LOT 5 MB 052/099 TR 2995) (5939 : AGREEMENT FOR CONVEYANCE OF REAL Plat Map
Form SCNLTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE A.7.e
Packet Pg. 352
Attachment: Appraisal – APN 486-084-011 – Sheila Street (POR LOT 5 MB 052/099 TR 2995) (5939 : AGREEMENT FOR CONVEYANCE OF REAL Realist - Page 1
Form SCNLTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE A.7.e
Packet Pg. 353
Attachment: Appraisal – APN 486-084-011 – Sheila Street (POR LOT 5 MB 052/099 TR 2995) (5939 : AGREEMENT FOR CONVEYANCE OF REAL Realist - Page 2
Form SCNLTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE A.7.e
Packet Pg. 354
Attachment: Appraisal – APN 486-084-011 – Sheila Street (POR LOT 5 MB 052/099 TR 2995) (5939 : AGREEMENT FOR CONVEYANCE OF REAL Parcel Report
Form SCNLTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE A.7.e
Packet Pg. 355
Attachment: Appraisal – APN 486-084-011 – Sheila Street (POR LOT 5 MB 052/099 TR 2995) (5939 : AGREEMENT FOR CONVEYANCE OF REAL Tax Report
Form SCNLTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE A.7.e
Packet Pg. 356
Attachment: Appraisal – APN 486-084-011 – Sheila Street (POR LOT 5 MB 052/099 TR 2995) (5939 : AGREEMENT FOR CONVEYANCE OF REAL License
Form SCNLTR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE A.7.e
Packet Pg. 357
Attachment: Appraisal – APN 486-084-011 – Sheila Street (POR LOT 5 MB 052/099 TR 2995) (5939 : AGREEMENT FOR CONVEYANCE OF REAL Sheila Street
DX2043
GP Residential Certifications Addendum
Sheila Street
Moreno Valley
CA
92551
City of Moreno Valley
PO Box 88005, Moreno Valley, CA 92552
Robert R. King, SRA
28131 White Sand Trl, Moreno Valley, CA 92555-5436
STATEMENT OF ASSUMPTIONS & LIMITING CONDITIONS
- The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title to it. The appraiser assumes that the title is good and marketable and, therefore, will not render any opinions about the title. The property is appraised on the basis of it being under responsible ownership.
- The appraiser may have provided a sketch in the appraisal report to show approximate dimensions of the improvements, and any such sketch is included only to assist the reader of the report in visualizing the property and understanding the appraiser's determination of its size.
Unless otherwise indicated, a Land Survey was not performed. - If so indicated, the appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency (or other data sources) and has noted in the appraisal report whether the subject site is located in an identified Special Flood Hazard Area.
Because the appraiser is not a surveyor, he or she makes no guarantees, express or implied, regarding this determination. - The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question, unless specific arrangements to do so have been made beforehand.
- If the cost approach is included in this appraisal, the appraiser has estimated the value of the land in the cost approach at its highest and best use, and the improvements at their contributory value. These separate valuations of the land and improvements must not be used in conjunction with any other appraisal and are invalid if they are so used. Unless otherwise specifically indicated, the cost approach value is not an insurance value, and should not be used as such.
- The appraiser has noted in the appraisal report any adverse conditions (including, but not limited to, needed repairs, depreciation, the presence of hazardous wastes, toxic substances, etc.) observed during the inspection of the subject property, or that he or she became aware of during the normal research involved in performing the appraisal. Unless otherwise stated in the appraisal report, the appraiser has no knowledge of any hidden or unapparent conditions of the property, or adverse environmental conditions (including, but not limited to, the presence of hazardous wastes, toxic substances, etc.) that would make the property more or less valuable, and has assumed that there are no such conditions and makes no guarantees or warranties, express or implied, regarding the condition of the property. The appraiser will not be responsible for any such conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist. Because the appraiser is not an expert in the field of environmental hazards, the appraisal report must not be considered as an environmental assessment of the property.
- The appraiser obtained the information, estimates, and opinions that were expressed in the appraisal report from sources that he or she considers to be reliable and believes them to be true and correct. The appraiser does not assume responsibility for the accuracy of such items that were furnished by other parties.
- The appraiser will not disclose the contents of the appraisal report except as provided for in the Uniform Standards of Professional Appraisal Practice, and any applicable federal, state or local laws. - If this appraisal is indicated as subject to satisfactory completion, repairs, or alterations, the appraiser has based his or her appraisal report and valuation conclusion on the assumption that completion of the improvements will be performed in a workmanlike manner. - An appraiser's client is the party (or parties) who engage an appraiser in a specific assignment. Any other party acquiring this report from the client does not become a party to the appraiser-client relationship. Any persons receiving this appraisal report because of disclosure requirements applicable to the appraiser's client do not become intended users of this report unless specifically identified by the client at the time of the assignment.
- The appraiser's written consent and approval must be obtained before this appraisal report can be conveyed by anyone to the public, through advertising, public relations, news, sales, or by means of any other media, or by its inclusion in a private or public database. - An appraisal of real property is not a 'home inspection' and should not be construed as such. As part of the valuation process, the appraiser performs a non-invasive visual inventory that is not intended to reveal defects or detrimental conditions that are not readily apparent. The presence of such conditions or defects could adversely affect the appraiser's opinion of value. Clients with concerns about such potential negative factors are encouraged to engage the appropriate type of expert to investigate.
Form GPRES2AD_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE File No.:
Property Address: City: State: Zip Code:
Client: Address:
Appraiser: Address:
Copyright© 2007 by a la mode, inc. This form may be reproduced unmodified without written permission, however, a la mode, inc. must be acknowledged and credited. 3/2007
A.7.e
Packet Pg. 358
Attachment: Appraisal – APN 486-084-011 – Sheila Street (POR LOT 5 MB 052/099 TR 2995) (5939 : AGREEMENT FOR CONVEYANCE OF REAL Sheila Street
DX2043
Definitions & Scope of Work
Sheila Street
Moreno Valley
CA
92551
City of Moreno Valley
PO Box 88005, Moreno Valley, CA 92552
Robert R. King, SRA
28131 White Sand Trl, Moreno Valley, CA 92555-5436
DEFINITION OF MARKET VALUE *:
Market value means the most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller each acting prudently and knowledgeably, and assuming the price is not affected by undue stimulus.
Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby:
1. Buyer and seller are typically motivated;
2. Both parties are well informed or well advised and acting in what they consider their best interests;
3. A reasonable time is allowed for exposure in the open market;
4. Payment is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto; and
5. The price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions granted by anyone associated with the sale.
*
The Dictionary of Real Estate Appraisal; Fifth Edition.
DEFINITION OF FAIR MARKET VALUE*:
"The fair market value is the price at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts. The fair market value of a
particular item of property includable in the decedent's gross estate is not to be determined by a forced sale price. Nor is the fair market value of an item of property to be determined by the sale price of the item in a market other than that in which such item is most commonly sold to the public, taking into account the location of the item wherever appropriate." * Per IRS Regulation 20.2031-1
The Scope of Work is the type and extent of research and analyses performed in an appraisal assignment that is required to produce credible assignment results, given the nature of the appraisal problem, the specific requirements of the intended user(s) and the intended use of the appraisal report. Reliance upon this report, regardless of how acquired, by any party or for any use, other than those specified in
this report by the Appraiser, is prohibited. The Opinion of Value that is the conclusion of this report is credible only within the context
of the Scope of Work, Effective Date, the Date of Report, the Intended User(s), the Intended Use, the stated Assumptions and Limiting Conditions, any Hypothetical Conditions and/or Extraordinary Assumptions, and the Type of Value, as defined herein. The appraiser,
appraisal firm, and related parties assume no obligation, liability, or accountability, and will not be responsible for any unauthorized
use of this report or its conclusions.
Additional Comments (Scope of Work, Extraordinary Assumptions, Hypothetical Conditions, etc.):
.
Form GPRES2AD_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE File No.:
Property Address: City: State: Zip Code:
Client: Address:
Appraiser: Address:
Copyright© 2007 by a la mode, inc. This form may be reproduced unmodified without written permission, however, a la mode, inc. must be acknowledged and credited. 3/2007
A.7.e
Packet Pg. 359
Attachment: Appraisal – APN 486-084-011 – Sheila Street (POR LOT 5 MB 052/099 TR 2995) (5939 : AGREEMENT FOR CONVEYANCE OF REAL Sheila Street
DX2043
Certifications
Sheila Street
Moreno Valley
CA
92551
City of Moreno Valley
PO Box 88005, Moreno Valley, CA 92552
Robert R. King, SRA
28131 White Sand Trl, Moreno Valley, CA 92555-5436
.
APPRAISER'S
CERTIFICATION
I certify that, to the best of my knowledge and belief:
- The statements of fact contained in this report are true and correct. - The credibility of this report, for the stated use by the stated user(s), of the reported analyses, opinions, and conclusions are limited only
by the reported assumptions and limiting conditions, and are my personal, impartial, and unbiased professional analyses, opinions, and conclusions.
- I have no present or prospective interest in the property that is the subject of this report and no personal interest with
respect to the parties involved.
- I have no bias with respect to the property that is the subject of this report or to the parties involved with this assignment. - My engagement in this assignment was not contingent upon developing or reporting predetermined results. - My compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in value that favors the cause of the client, the amount of the value opinion, the attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended use of this appraisal. - My analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the Uniform Standards of Professional Appraisal Practice that were in effect at the time this report was prepared. - I did not base, either partially or completely, my analysis and/or the opinion of value in the appraisal report on the race, color, religion, sex, handicap, familial status, or national origin of either the prospective owners or occupants of the subject property, or of the present owners or occupants of the properties in the vicinity of the subject property. - Unless otherwise indicated, I have made a personal inspection of the property that is the subject of this report. - Unless otherwise indicated, no one provided significant real property appraisal assistance to the person(s) signing this certification.
Additional Certifications: As of the date of this report, I Robert R. King have completed the Standards and Ethics Education Requirement of the Appraisal Institute for Designated Members.
Melissa Elizondo - Senior Accountant
City of Moreno Valley
[email protected]
PO Box 88005, Moreno Valley, CA 92552
Robert R. King, SRA
Del Rey Appraisal Services
(951) 850-4115
---
[email protected]
04/04/2022
AG033647
CA
SRA
04/08/2022
03/29/2022
N/A
Form GPRES2AD_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE File No.:
Property Address: City: State: Zip Code:
Client: Address:
Appraiser: Address:
SIG N ATU RES
Client Contact:
Client Name:
E-Mail: Address:
APPRAISER
Appraiser Name:
Company:
Phone:
Fax:
E-Mail:
Date Report Signed:
License or Certification #:
State:
Designation:
Expiration Date of License or Certification:
Inspection of Subject: Interior & Exterior Exterior Only None Date of Inspection:
SUPERVISORY APPRAISER (if required)
or CO-APPRAISER (if applicable)
Supervisory or
Co-Appraiser Name:
Company:
Phone:
Fax:
E-Mail:
Date Report Signed:
License or Certification #:
State:
Designation:
Expiration Date of License or Certification:
Inspection of Subject: Interior & Exterior Exterior Only None Date of Inspection:
Copyright© 2007 by a la mode, inc. This form may be reproduced unmodified without written permission, however, a la mode, inc. must be acknowledged and credited. 3/2007
A.7.e
Packet Pg. 360
Attachment: Appraisal – APN 486-084-011 – Sheila Street (POR LOT 5 MB 052/099 TR 2995) (5939 : AGREEMENT FOR CONVEYANCE OF REAL City of Moreno Valley
DX2043
Sheila Street
Moreno Valley
Riverside
CA
92551
City of Moreno Valley
APPRAISAL AND REPORT IDENTIFICATION
2-2(a)
2-2(b)
Comments on Standards Rule 2-3
I certify that, to the best of my knowledge and belief:
- The statements of fact contained in this report are true and correct. - The reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions and are my personal, impartial, and unbiased professional analyses, opinions, and conclusions.
- Unless otherwise indicated, I have no present or prospective interest in the property that is the subject of this report and no personal interest with respect to the parties involved. - Unless otherwise indicated, I have performed no services, as an appraiser or in any other capacity, regarding the property that is the subject of this report within the three-year period immediately preceding acceptance of this assignment. - I have no bias with respect to the property that is the subject of this report or the parties involved with this assignment. - My engagement in this assignment was not contingent upon developing or reporting predetermined results. - My compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in value that favors the cause of the client, the amount of the value opinion, the attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended use of this appraisal. - My analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the Uniform Standards of Professional Appraisal Practice that were in effect at the time this report was prepared.
- Unless otherwise indicated, I have made a personal inspection of the property that is the subject of this report. - Unless otherwise indicated, no one provided significant real property appraisal assistance to the person(s) signing this certification (if there are exceptions, the name of each individual providing significant real property appraisal assistance is stated elsewhere in this report).
Comments on Appraisal and Report Identification
The reported analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the requirements of the Code of Professional Ethics & Standards of Professional Appraisal Practice of the Appraisal Institute. The use of this report is subject to the requirements of the Appraisal Institute relating to review by its duly authorized representatives.
Robert R. King, SRA
SRA
AG033647
CA
04/08/2022
04/04/2022
03/29/2022
03/29/2022
N/A
Form ID14_LT - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Borrower
Lender/Client
File No.
Property Address
City County State Zip Code
This Report is one
of the following types:
Appraisal Report (A written report prepared under Standards Rule , pursuant to the Scope of Work, as disclosed elsewhere in this report.) Restricted
Appraisal Report
(A written report prepared under Standards Rule , pursuant to the Scope of Work, as disclosed elsewhere in this report, restricted to the stated intended use by the specified client or intended user.) APPRAISER:
Signature:
Name:
State Certification #:
or State License #:
State:
Expiration Date of Certification or License:
Date of Signature and Report:
Effective Date of Appraisal:
Inspection of Subject: None Interior and Exterior Exterior-Only Date of Inspection (if applicable):
SUPERVISORY or CO-APPRAISER (if applicable):
Signature:
Name:
State Certification #:
or State License #:
State:
Expiration Date of Certification or License:
Date of Signature:
Inspection of Subject: None Interior and Exterior Exterior-Only Date of Inspection (if applicable):
A.7.e
Packet Pg. 361
Attachment: Appraisal – APN 486-084-011 – Sheila Street (POR LOT 5 MB 052/099 TR 2995) (5939 : AGREEMENT FOR CONVEYANCE OF REAL In the course of performing appraisals, we may collect what is known as "nonpublic personal information" about you. This information is used to facilitate the services that we provide to you and may include the information provided to us by you directly or received by us from others with your authorization.
We do not disclose any nonpublic personal information obtained in the course of our engagement with our clients to nonaffiliated third parties, except as necessary or as required by law. By way of example, a necessary disclosure would be to our employees, and in certain situations, to unrelated third party consultants who need to know that information to assist us in providing appraisal services to you. All of our employees and any third party consultants we employ are informed that any information they see as part of an appraisal assignment is to be maintained in strict confidence within the firm.
A disclosure required by law would be a disclosure by us that is ordered by a court of competent jurisdiction with regard to a legal action to which you are a party.
We will retain records relating to professional services that we have provided to you for a reasonable time so that we are better able to assist you with your needs. In order to protect your nonpublic personal information from unauthorized access by third parties, we maintain physical, electronic and procedural safeguards that comply with our professional standards to insure the security and integrity of your information.
Please feel free to call us any time if you have any questions about the confidentiality of the information that you provide to us.
Del Rey Appraisal Services
Form PRV - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE
PRIVACY NOTICE
Pursuant to the Gramm-Leach-Bliley Act of 1999, effective July 1, 2001, Appraisers, along with all providers of personal financial services are now required by federal law to inform their clients of the policies of the firm with regard to the privacy of client nonpublic personal information. As professionals, we understand that your privacy is very important to you and are pleased to provide you with this information.
Types of Nonpublic Personal Information We Collect
Parties to Whom We Disclose Information
Confidentiality and Security
A.7.e
Packet Pg. 362
Attachment: Appraisal – APN 486-084-011 – Sheila Street (POR LOT 5 MB 052/099 TR 2995) (5939 : AGREEMENT FOR CONVEYANCE OF REAL
Report to City Council
ID#5934 Page 1
TO: Mayor and City Council
Mayor and City Council Acting in its Capacity as
President and Members of the Board of Directors of the
Moreno Valley Community Services District (CSD)
FROM: Jeremy Bubnick, Parks & Community Services Director
AGENDA DATE: September 20, 2022
TITLE: AUTHORIZATION TO AWARD CONSTRUCTION
CONTRACT TO MUSCO SPORTS LIGHTING, LLC FOR
SPORTS FIELD LIGHTING AND SECURITY WALKWAY
LIGHTING AT VICTORIANO PARK, (PROJECT NO. 807
0053-3015)
RECOMMENDED ACTION
Recommendations: That the City Council and CSD:
1. Award a construction contract to Musco Sports Lighting, LLC for sports lighting at Victoriano Park in substantial conformance with the attached contract, in the amount of $473,023, funded by Park Improvements DIF funds;
2. Authorize the is suance of a Purchase Order for Musco Sports Lighting, LLC in the amount of $520,325 (bid amount plus a 10% contingency) when the contract has been signed by all parties;
3. Authorize the Executive Director to execute any subsequent related Extensions or Amen dments to the Agreement and change orders to the contract, but not exceeding the total contingency of $47,302, subject to the approval of the City Attorney;
4. Approve Musco Sports Lighting, LLC as the sole source for procurement and installation of the proposed lights and associated equipment.
SUMMARY
A.8
Packet Pg. 363