Smothers Appraisal-2008-18 SMOTHERS APPRAISAL n
James Smothers,MAI,ASA,SRA,SRIWA 1881 Commercenter East,Suite 206
Appraiser-Consultant-Commercial—Residential San Bernardino,CA 92408
Phone:(909)890-9626 Fax:(909)890-9605
Email:jim.smothers@yahoo.com
America.Society of Appraises
Accredited Senior Appraiser-Real Appraisal Institute
PropertyNrban/CommcreiaV1;.d rial SPA,Senior Reside.fial Appraiser International Right of Way Association,SRIWA, General Real Estate Appraiser
Senior Member-Real Pro pertrlBesideotial MAI,Memberof Appraisallnstit.te Senior Right of Way Agent State'Certificate#AG002102
February 22, 2008
Mr. Thomas Schwab,
City Manager and Executive Director
City of Grand Terrace Redevelopment Agency,
City of Grand Terrace
22795 Barton Road
Grand Terrace CA 92313
RE: Appraisal of various properties, see list following
Date(s) of Value: Current
Dear Mr. Schwab:
Reference your request for an appraisal of the properties noted. Thank, you for your
consideration. Our firm is dedicated to client service, integrity and ethical values. We specialize
in complex appraisals, litigation, condemnation and trust matters, and are experienced in expert
witness testimony and appraisal of a wide variety of properties. I was born and raised in the
immediate area and have been appraising here for over 30 years.
Recently, I appraised approximately 70 properties in the San Bernardino area for development of the
Sam's Club and various other retail uses, located on Tippecanoe and-the I-10 Freeway. This included
vacant residential and commercial land, a motel and a restaurant,multi and single-family properties.
We also recently completed several appraisals around the Secombe Lake area for :San Bernardino
Redevelopment Department, including a park, baseball diamonds, the Rudy Hernandez,Community
Center, vacant residential and commercial land, several retail establishments, automotive uses, two
carwashes, offices,multiple and single-family properties, and the YWCA.
We just completed a large number of appraisals for the San Bernardino School District, including
over $100 million in properties, including retail, office, residential, commercial, the American
Legion and the Light House for the Blind school. I have a similar project going in the County of
Riverside,with over 100 properties in the Rubidoux area.
My largest appraisals included Kaiser Steel and the entirety of the Lake Arrowhead Village (whole
buncha years ago) and the largest building in San Bernardino county (prior to Stater Bros. new
building it was 1,600,000 square feet). I also appraised the Citrus Plaza in the donut hole for
San Bernardino County. My smallest appraisal was the Maloof burial site 7 feet by 14 feet, located
next to his home in Rancho Cucamonga.
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I have to mention appraising the Campus Crusade for Christ property (the old Arrowhead Springs
Hotel, value over $100 million). I have appraisedithe property 3 times, for eminent domain, for
refinance and for sale. In the eminent domain case the judge ruled against us every whichaway. The
case went on to Appellate Court and then the California Supreme Court. The judge!was overturned
and we were ultimately supported by the Supreme Court.
Most unusual appraisals included appraising property for the City of Redlands "assuming certain
legislation passes, or doesn't pass," dairies, cemeteries, horses, airplanes, boats, airports, possessory
interests, mines, anchor sites in the ocean, water districts, a couple of court houses, Redlands city
hall,2 jails,oh you get the idea.
I have experienced appraising all the subject property types, except the skating rink. I have bid the
appraisal a couple of times, but have never landed the assignment. Of course, 'I know how to
appraise the property, but my last experience was "on the seat of-my pants" about'50 years ago, at
Harry's Roller Rink, located on South East Street, in San Bernardino (I still have my old skates to
make the new inspection).
SCOPE OF INVESTIGATIONS
Based on our understanding of the assignment, we will conduct the appropriate investigations as
applicable and necessary to comply with requirements as defined in the Uniform Standards of
Professional Appraisal Practice (USPAP). Note that remote properties with difficult access may
be appraised using aerial photography rather than field inspection. It is anticipated the report will
not include a business valuation, subdivision analysis, partial ownership interest valuation,
furniture, fixture and equipment valuation, feasibility analysis,mineral rights or market study.
We are prepared to begin this assignment immediately. Upon your authorization and receipt of
all requested documents, we will begin the appraisal assignment.
PHASE I APPRAISAL SERVICES
This phase of the assignment will consist of meeting and conferring with you and/or your
designated contacts, in order to determine the overall appraisal requirements. This phase will
entail an inspection of the subject properties, selection and analysis of comparable sales data. In
this phase we will provide a restricted Summary report with you and/or your legal counsel.
Total fees are $32,475 for this phase. We estimate completion of this phase,within 30 to 45-
days from the date we are authorized to proceed..
PHASE II APPRAISAL SERVICES
This phase of the assignment will consist of writing the appraisal reports. Total potential fees are
$13,400 for this phase.. We will begin this phase of the assignment immediately-upon your
authorization. We will only appraise the individual,properties you identify. We estimate
completion of this phase within 30 days from the date we are authorized to proceed Note the
following has quantity discounts.
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SUMMARY OF FEES
APN Use Phase I Phase H
1167-141-03 Skating Rink $4,125 $1;500
1167-141-04 Skating Rink $4,125 $1;500
1167-141-10 Warehouse $2,950 $800
1167-141-11 Warehouse $2,950 $800
1167-171-12 Ministorage $2,950 $800
1167-141-05 Lt Ind/Hyrosen $1,750 $500
1167-141-08 Finished Site $500 $500
1167-161-01 Vacant Land $500 $,500
1167-161-02 Vacant Land $500 $500
1167-151-01 Vacant Land $500 $500
1167-181-12 Vacant Land $500 $500
1167-181-13 Vacant Land $500 $500
1167-151-09 Vacant Land $500 $500
1167-151-22 Vacant Land $500 $500
1167-171-11 SFR/Farm $1,925 $700
1167-151-12 Units $1,925 000
1167-151-13 Units $1,925 $700
1167-181-01 Halvin $1,925 $,700
1167-151-10 SFR $1,925 $700
Total: $32,475 $131400
ADDITIONAL.SERVICES AND CHARGES
This proposal includes initial meetings with agencies, owners or representatives, but excludes
follow-up meetings, court preparation, proceedings and/or consultations, depositions and/or
witness time. Retainers will be required for these charges, to be paid in advance. Should I, or a
member of my staff be required by you or any other individual or agency, to do additional work,
to testify or discuss the subject or comparable properties, either as an expert or percipient
witness, regarding the current and/or subsequent matters, upgrade or update the report, and/or
attend any public or private hearing or meeting, you agree to pay our fee, at the'hourly rate
prevailing at the date of requirement. Naming as Expert Witness: $1,000 non-refundable fee (to
be paid in advance of naming). For court cases, all fees must be paid in full, plus an additional
retainer prior to deposition and/or courtroom testimony. 'If the retainer proves tobe insufficient,
an additional retainer will be requested. Any funds remaining after completion of the assignment
will be refunded to the client. j
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Additional work requested by you, your counsel or, agent will be charged at the;rate;prevailing at
the time the charge is incurred. Consultations are billed at a minimum of 5 minutes!'per contact.
Report updates within one year of the original report are based on our fee schedule at the time of
update, less a 25% discount. Updates over one year are based on our fee schedule at the time of
update, less a 15% discount. Periodic billings will be submitted for work completed and out-of-
pocket expenses incurred to that point. The balance, if any, is due and payable immediately and
is considered delinquent after 30 days. Unpaid balances, will bear interest after 30 days, which
you agree to pay, at the rate of 1.5%per month, from the date due, and payable until paid. If this
rate should exceed any legal limit, the interest is hereby amended to conform to .the limit. If
collection is necessary, then you agree to pay the reasonable cost and fees of said collection,
including collection agent and attorney's fees. The final report will be delivered,irr two original
copies. If additional copies are needed,the cost is $100,each.
In addition, we are to be reimbursed for any and all out-of-pocket expenses such!as, but not
limited to engineering costs, City, County or agency required licenses (auto or otherwise), fees or
costs, zoning or other maps, aerial photographs, court exhibits, copies of deeds or other
documents, title company charges, copies of deposition and/or trial transcripts and necessary
travel or living expenses. These fees are subject to change, and will be billed' at the rate
prevailing at the time the charge is incurred.
HOURLY FEE SCHEDULE,NOVEMBER,2007
Senior Appraiser: $200.00 per hour
Associate Appraiser: $ 100.00 per hour
Field Assistants: $75.00 per hour
Administrative: $45.00 per hour
Testimony: $350.00 per hour(Minimum 4 hours. Includes Court,Hearings
and/or Depositions and driving time).
Naming as Expert Witness: $1,000 Non-Refundable Fee(to be paid in advance of naming).
*Note, All fees are subject to change and are in addition to expenses, such as travel-and lodging.
All fees must be paid in advance of Court Appearance, Testimony and/or Depositions.
Resolution of disputes or controversy arising under or relating to this agreement, and/or any
amendments hereof, shall be determined and settled in the courts of San Bernardino; California.
Should the assignment be canceled after work has commenced, a cancellation 'fee will be
charged, based on the percentage of completion as of the date of cancellation., Note that
approximately 2/3 of the total fee covers the field work, analysis, and verbal estimate of value.
A lien is hereby granted and it is expressly agreed that this contract creates a lien,to!the extent of
Appraiser fees incurred, against the property and/or any claim, case, or cause of action and
proceeds from any settlement or judgment, however obtained; Client hereby expressly assigns to
the Appraiser said fees that may become due and payable in settlement of this matter or through
judgment or otherwise.
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I certify that, to the best of my knowledge and belief,that we have the capacity and demonstrated
expertise to meet the terms of the proposed engagement; and that the report will!be;prepared in
conformity with the requirements of the Uniform Standards of Professional Appraisal Practice,
and the Codes of Professional Ethics and Standards of Professional Appraisal Practice of both the
Appraisal Institute and the American Society of Appraisers.
Our proposal is based upon your description of the assignment. If subsequently it is,determined
that a more extensive analysis, or report is required, we reserve the right to revise the fee and/or
proposal. The report will be subject to Assumptions and Limiting Conditions typical in the
appraisal industry. Unless otherwise stated, we will assume the property ;is free of
contamination. A revelation that contamination exists, would invalidate our analyses and be
cause for re-negotiation of the fee. Any liability incurred from the report is limited to the amount
of fees paid. Passage of 30 days from the report date is considered as evidence the client has
reviewed and accepted the report.
Your approval of this engagement authorizes James Smothers, or his designatee to review and
copy any information in governmental or other agency files relating to the subject property,
including, but not limited to: building records, plans, property characteristics, permits, operating
statements, sales, costs, financing or other information as to how the property was valued.
We are prepared to begin research for the report upon receipt of all information ',requested, this
contract signed and dated, specifying the fee and the terms of the agreement. Engagement by
any other means,(i.e. by letter or verbally) constitutes agreement with all terms of this contract.
Failure to return all data requested will delay the report. The preceding appraisal fees are based
on your description of the assignment. Significant differences in the assignment,will be subject
to additional fees. This proposal is subject to change as additional assignments are received.
I hereby agree to the preceding terms and conditions.
a-a 7—a
Name: Printed Signed Date Phone No.
Respectfully Submitted,
James Smothers,MAI, ASA, SRA, SR/WA
Certified General Appraiser AG002102
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.TAMES SMOTHERS,MAI,ASA,SRA,SR/WA
1881 Commercenter East,Suite 206
San Bernardino,CA 92408
Phone(909)890-9626 Fax(909)890-9605
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APPRAISER QUALIFICATIONS
EDUCATION
• California State Polytechnic University, Kellogg-Voorhis, Pomona, California. Bachelor of Science
Degree received June 1970. Major in Business Management. Included courses in business, finance,
law,forecasting, economics, accounting,marketing, investments.
• San Bernardino Valley College, San Bernardino, California. Associate of Arts Degree June 1968.
Major in Business Administration. Included courses in residential & commercial;appraising, law,
statistics,forecasting, economics, accounting.
• Certificate of Completion of post graduate courses in Real Estate,June 16, 1978.
• California State Board of Equalization, courses in appraisal of single & multi-family residential
properties, income producing, commercial - industrial properties, mortgage equity. techniques.
Advanced Appraiser certificate issued October 12,1978.
• Appraisal Institute, Successfully challenged and passed Courses: 101 - "An 'Introduction to
Appraising Real Property"; R-2- "Single family Dwellings"; 310- "Basic Income Capitalization."
Successfully completed Courses: 510- "Advanced Income Capitalization'; 550- "Advanced
Applications'; 520-Highest&Best Use and Market Analysis.
• International Right of Way Association, Course 401 -Appraisal of Partial Acquisitions.,Course 201,
Communications in Real Estate Acquisition. Course 205,Bargaining Negotiations.
APPRAISAL EXPERIENCE
• Since 1971, I have worked full time at appraising various types of property, including: shopping
centers, motels, office buildings, airports, places of worship, restaurants, theaters, time share
projects, a health spa, automotive dealerships, landfills, service stations, proposed & failed
subdivisions, mobile home parks, lumber yards, cemeteries, modular homes, offices;& classrooms, a
private university, an historic hotel and Christian retreat, a City Hall complex,; a Superior
Courthouse, a former Bankruptcy Courthouse, it Police Department and Jail, metal buildings,
agricultural properties, dairies, mining operations, historical properties, hospital;&: convalescent
facilities, possessory and partial interests, access rights, underground and, aerial easements, water
rights, leasehold & leased fee interests, single & multi-family dwellings, open space restricted
properties, mass assessment districts, endangered species conservation properties, litigation, eminent
domain,partial acquisition appraisals and vacant land.
• Principal Appraiser San Luis Obispo County, July, 1984 to September, 1985. Included supervision
& review of six supervising appraisers & 45 appraisers. Responsible for residential,.commercial,
industrial & special property appraisals, as well as map making, business audits;& data processing
coordination.
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• San Bernardino County, August, 1971 to July, 1984. Included advancements to Appraiser IV,
supervision&review of residential, commercial,.industrial&special property appraisers.
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PROFESSIONAL AFFILIATIONS&CREDENTIALS
• State of California, Office of Real Estate Appraisers Certificate-Certified General Real Estate Appraiser,
Number AG002102.
• American Society of Appraisers - Dual Designated ASA, l/l/85 Senior Member,- Real property,
Residential and 6/5/91 ASA Accredited Senior Appraiser - Real Property, Urban (Commercial -
Industrial). 1990-1991 President of Inland Empire Chapter & California State Director. Approved
Instructor for ASA classes. Instructor of OREA approved Forensic Appraising Seminar.
• Appraisal Institute - 10/8/96 Designated MAI, Member. 10/1/91 Designated SRA, Senior Residential
Appraiser. Served on SRA Experience Review Committee. 1994-1998 member of Regional Ethics and
Counseling Panel. 1997 Board of Directors, Pacific Chapter. Instructor of OREA approved Forensic
Appraising Seminar.
• International Right of Way Association - Designated SR/WA, Senior Right of Way Agent, 7/1/01.
Professional Development Committee,2002-2004.
• State of California,Department of Real Estate,Licensed Broker Number 01464324,November 15,2004.
• Member, International Society of Arboriculture.
• California Community College Teaching Credential in Real Estate, September, 1978(valid for life).
• Past appraisal Instructor for California State Board of Equalization, San Bernardino County & San Luis
Obispo County.
• California State Board of Equalization,Advanced Appraiser Certificate, 10/12/78.
•' Former Advisory Board Member,Business Bank of California.
• Former Citizen's Advisory Board Member, Inland Valley Development Agency, San Bernardino
International Airport.
• Appraiser Member,East Inland Empire Association of Realtors.
• Approved Appraiser with the Resolution Trust Corporation(RTC);Federal Deposit Insurance Corporation
(FDIC); San Bernardino County Real Estate Services Department; San Bernardino Associated
Governments (SANBAG); Federal Department of Housing & Urban Development (HUD); California
Department of Veterans Affairs (Cal-Vet); various Inland Empire Agencies. Experienced with Federal
National Mortgage Association(FNMA)&Relocation appraisals.
• Testified in San Bernardino,Riverside,Los Angeles&San Diego.
• Expert Witness,Assessment Appeals Board, San Bernardino,Riverside&San Luis Obispo Counties.
PERSONAL INVESTMENT EXPERIENCE
• Residential & commercial development. Property acquisition, development & ownership, including Two
custom homes&one commercial property. Owner/operator of a Deli/Restaurant for 14 years.
• Rental income properties. Acquisition,ownership&management,from 1985 to present.
• Second trust deeds. Acquisition, ownership&management,from 1978.
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AGENCY CLIENTS
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Nathan Lunt,Administrative Analyst Joseph Aklufi,Esq.
City of Colton,Economic Development Beaumont City Attorney
Department 3403 Tenth Street—Suite 610
650 N.La Cadena Drive Riverside,CA 92501
Colton,California 92324 Phone:951-682-5480 Fax: 951-682-2619
Phone:(909)370-5167 Fax: (909)370-5196
Victoria Baker, Senior Transit Analyst Drew Gagner,President-CEO
San Bernardino Associated Governments St.Bernardine Medical Center Foundation
(SANBAG) 2101 N.Waterman Avenue
1120 West Third Street,2nd Floor San Bernardino,California 924044815'
San Bernardino,California 92410 Phone:(909)881-4516 Fax:(909)881-4531
Phone:(909)884-8276 Fax: (909)885-4407
Jeanette Olko,Public Works Department Ken Stein
City of Colton YMCA of the East Valley
160 South loth Street 500 East Citrus Avenue
Colton,California 92324 Redlands,California 92373
Phone: 909-370-5099 Fax: 909-370-5132 Phone: (909)798-9622 Fax:(909)335-2007
Albert Rush Corrine Galloway,Right of Way Agent
First American Title Insurance Company Eastern Municipal Water District
1 First American Way 2270 Trumble Road
Santa Ana,CA 92707 Perris,California 92570
Phone:(714)800-3221 Fax:(714)800-3313 Phone: (951)928-3777 Fax: (951)928-6177
San Bernardino County, Henry Empeno,Esq.
Real Estate Services San Bernardino City Attorneys Office
A.Louis Schnepp,Real Estate Manager 300 North"D"Street
825 East Third Street San Bernardino,California 92418
San Bernardino,California 92415 Phone: 909-384-5235 Fax: 909-384-5215
Phone: 909-387-2775 Fax:909-387-7839
Maggi Pacheco,Director Mr.Laszlo Fogassy,Real Property Supervisor,
201 North"E"Street, Suite 301 Development Services Department
San Bernardino,California 92401 City of San Bernardino
Economic Development Agency 300 North"D"Street
Phone: 909-663-1044 Fax:909-888-9413 San Bernardino,CA 92418
Phone:909-384-5111 Fax: 909-384-5155
City of Redlands Public Works City of Upland
Ronald Mutter,Director Steven Dukett,Redevelopment Director,
P.O.Box 3005 460 North Euclid Avenue
Redlands California 92373-1505 Upland,California 91786
Phone:909-798-7655 Fax: 909-798-7503 Phone: 909-931-4100 Fax: 909-931-4123
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County of San Bernardino City of Redlands,City Attorney's,Officie
Chuck Scholastico,Deputy County Counsel,385 Les Murad,Esq. ,
North Arrowhead Avenue,4th Floor, P.O.Box 3005
San Bernardino California 92415-0140 Redlands California 92373-1505
Phone:909-387-5455 Fax: 909-387-5462 Phone: 909-335-4751 Fax: 909-798=7503
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Transportation/Flood Control Department Mr.Bernard Kersey
c/o Ken Williams,Right of Way Section Chief, General Manager 4
Flood Control Engineering San Bernardino Municipal Water Dept:
825 East Third Street 300 North"D"Street
San Bernardino,California 92514-0835 San Bernardino,California 92418 '
Phone: 909-387-7962 Fax: 909-387-8130 Phone:909-384-7210 Fax: 909-38415215
Santa Ana Watershed Project Authority Drew Gagner,Executive Director
Lee Slate,Project Manager Saint Bernardine Foundation
11615 Sterling Avenue 2101 North Waterman Avenue
Riverside,California 92503 San Bernardino,California 92404
Phone:909-785-5411 Fax:909-785-7076 Phone: 909-881-4516 Fax:909-8814531
Sam Fuller, San Bernardino West San Bernardino County Water District
Valley Municipal Water District Leon Long,Assistant General Manager
P.O.Box 5906,San Bernardino,California 855 West Baseline
Phone: 909-384-7210 Fax: 909-384-5215 Rialto,California 92377
Phone: 909-875-1804 Fax:909-875-7284
City of Colton Peter Soderquist,Airport Director
Mr.Eric Frazier,P.E. Southern California Logistics Airport Authority
Director of Water and Waste Water 18374 Phantom,
160 S. 10th St. Victorville,California 92394
Colton,California 92324 Phone:760-246-6115 Fax:760-243-1929
Phone: 909-841-2920 Fax: 909-370-6183
Michael R.Perez,Director Facilities Management, Chad W.Wilshire
San Bernardino City Unified School District Riverside County Economic Development Agency
777 North"F" Street 3525 Fourteenth Street
San Bernardino,California 92410 Riverside,California 92501
Phone:909-381-1238 Fax: 909-885-4218 Phone:909-955-8916—Fax 909-955-6686
Mr.William Hemsley, Gary Van Dorst
Civil Engineer Solid Waste Manager
City of Redlands City of Redlands
Post Office Box 3005 Municipal Utilities Department
Redlands,California 92373 35 Cajon Street,Suite 15A
Phone: 909-798-7555 Fax: 909-335-4779 Redlands,CA 92373
Phone:909-798-7698 Fax: 909-798;7670
Julie Zatz,Esq. Ms.Marjorie Pettus,
Assistant United States Attorney Community Services Division Manager
United States Department of Justice Redlands Police Department
Federal Building, Suite 7516 Post Office Box 3005
300 North Los Angeles Street Redlands,California 92373
Los Angeles,California 90012 Phone:909-798-7545 Fax: 909-79877648
Phone:213-894-7349 Fax 213894-7819
Rick Hartmann, Amelia M.Vailu'u,SR/WA
Community Development Director, Supervising Real Property Agent r
City of Highland Redevelopment Agency,County of Riverside
27215 Baseline Avenue 3525 Fourteenth Street
San Bernardino,California 92346 Riverside,California 92501-3813
Phone: 909-864-8732 Fax:909-862-3180 Phone:909-955-8916 Fax: 909-955'-6686
Daniel McHugh,City Attorney Steven G.Pasarow,Housing Program Manager
City of Redlands, Economic Development Department
P.O.Box 3005 1 City of Norco
Redlands California 92373-1505 2870 Clark Avenue(Post Office Box 428)
Phone:909-798-7511 Fax:909-798-7503 Norco,California 92860 i
Phone:909-582-5540 Fax: 909-270'-5622
Tom F.Mulvihill,General Manager Eugene L.Diepholz,Contract Civil Engineer
Indian Wells Valley Water District City of Murrieta
500 West Ridgecrest Boulevard 26442 Beckman Court
Ridgecrest,California 93556-1329 Murrieta,California 92562
Phone:760-384-5515 Fax:760-371-2447 Phone: 909-304-2489 Fax:909-461-6049
Jeffrey Blake,Director of Finance Raymond G.Eberhard,Business Manager
University of California, San Bernardino San Bernardino Community College District
5500 University Parkway 114 South Del Rosa Drive
San Bernardino,California 92407 San Bernardino,California 92408
Phone: 909-880-5000 Fax:909-880-7036 Phone:909-382-4081 Fax:909-382-0174
David Dillon Dave Reck
Director of Economic Development San Bernardino County Superintendent of Schools
City of Beaumont 1040 East Cooley Drive
550 East Sixth Street Colton,California 92324
Beaumont,California 92223 Phone:909-433-4726 Fax: 909-4334806
Phone: (909)769-8520 Fax: (909)769-8526
Emil A.Marzullo,Director Inland Valley Development Agency
San Bernardino County, T.Milford Harrison,Director,San Bernardino
Special Districts Department International Airport
157 West Fifth Street 294 South Leland Norton Way
San Bernardino,California 92415 San Bernardino,California 92408
Phone:909-387-5950 Fax:909-387-5968 Phone: 909-382-4100 Fax: 909-382-4106
Ed Norton Ontario Redevelopment Agency,
Building Services Director Rick Fisher
San Bernardino City Schools 316 East"E" Street
956 West 9th Street Ontario,California 91764
San Bernardino,California 92411 Phone:909-391-2515 Fax: 909-395.2288
Phone: 909-388-6100 Fax: 909-885-9991
City of Montclair Redevelopment Agency City of Highland
Marilyn Staats,Director of Redevelopment& Joe Hughes
Public Works 26985 Baseline Avenue
5111 Benito Street Highland,California 92346
Montclair,California 91763 Phone: 909-864-6861 x221 Fax: 909-862-3180
Phone:909-625-9412 Fax: 909-621-1584 ;
William Medlen,Esq. Southern California Edison
Deputy City Attorney, Don Bellis,Real Estate Manager i
City of Victorville 100 Long Beach Boulevard-Room 10,12
Green,de Bortnowsky&Quintanilla PO Box 410
23801 Calabasas Road Long Beach,California 90802
Calabasas,California 91302 Phone: 714-934-0851 Fax: 714-934-0868
Phone: 818-704-0195 Fax: 818-704-4729
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TRANSMISSION VERIFICATION REPORT
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TIME 02f 27'/,2008 15:06
NAME CITYOF,GRANDTERRACE
FAX 9097837629
TEL 9098246621
SER.# BROA4J187226
DATE,TIME 02127 15:03
FAX NO./NAME 8909605
DURATION 00:03:31
PAGE(S) 10
RESULT OK
MODE STANDARD
ECM
SMOTHERS APPRAISAL �
James Smothers,MAX,ASA,SRA,SR/WA 1881 Commereenter East,Suite 206
Appraiser-Consultant-Comme,rial_ Resident
San 1;ernardino,CA 92408
Phone:(909)890-9626 Fax:'(909)890-960o�5
Ameelm Way orAp#mten Email:lim.smothers*yahoo.com
Acetretnd Sniff Aiv-ltr,Real Apt+AlRI rewr.eo
+Y�rMlefCoeeelodYlaBewHu 91WSul,*WdeffftlAprn1per Inero.dnenl RIM atW Angetulmt,SWwA Cenertl Red lletimAlTndter
SeinrM r•Rel lReMdeetl f IrrAl Mem dA rtl I etltote
Senior RI W A it Sti rlMarc W
February 22, 20(}$
Mir. Thomas Schwab, ;
City Manager and Executive Director
City of Grand Terrace Redevelopment Agency,
City of Grand Terrace
22795 Barton Road
Grand Terrace CA 92313
RE: Appraisal of various properties, see list following
Date(s)of Value: Current
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Dear Mr. Schwab:
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Reference your request for an appraisal of the properties noted. Thank i you for your
consideration. Our,firm. is dedicated to client service, integrity and ethical values: We specialise
in complex appraisals, litigation, condemnation and trust matters, and are experienced in expert
witness testimony and appraisal of a wide variety of properties. I was born aril raised in the
immediate area and have been appraising here for over 30 years.
Recently, I appraised approximately 70 properties in the Sari Bernardino area for development of the
Sam's Club and various other retail uses, located.on Tippecanoe and the 1-10 Freeway; This included
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