Council Chamber • 336 Pacific Avenue • Shafter, CA 93263
AGENDA REGULAR MEETING SHAFTER CITY COUNCIL TUESDAY, MAY 1, 2018
CALL TO ORDER: 7:00 p.m.
ROLL CALL: Mayor Prout Mayor Pro Tem Alvarado Council Member Espericueta Council Member Garcia Council Member Givens
PLEDGE OF ALLEGIANCE: Council Member Espericueta
INVOCATION: Mayor Pro Tem Alvarado
APPROVAL OF AGENDA:
PRESENTATION:
1. Proclamation: April 29 – May 5, 2018 Cinco de Mayo Days. 2. Proclamation: May 6 – 12, 2018 Municipal Clerks Week.
PUBLIC COMMENT:
This portion of the meeting is reserved for persons wanting to address the Council only on matters not listed on this agenda. Speakers are limited to five minutes unless additional time is needed for translation. Please state your name and address for the record before making your presentation.
CONSENT CALENDAR:
All items on the consent calendar are considered routine and non-controversial by staff and will be approved by one motion if no member of the Council or public wishes to comment or ask questions. If comment or discussion is desired by anyone, the item will be removed from the consent calendar and will be considered in the listed sequence with an opportunity for any member of the public to address the Council concerning the item before action is taken.
1. Approve General Checks: April 19, 2018, April 24, 2018, April 26, 2018. 2. Approve Payroll: April 30, 2018. 3. Accept Treasurer’s Report: February 2018. 4. Approve Minutes: April 17, 2018 Special, April 17, 2018 Regular. Shafter City Council Agenda May 1, 2018 Page 2
5. Approve Resolution of Commendation: Cinco de Mayo Grand Marshals Albert Barrera, Vince Duffy, and Gilbert Rodriguez. 6. Direct the City Manager to review the City’s Conflict of Interest Code pursuant Government Code Section 87306.5 and file a statement of review with the City Clerk no later than October 1, 2018. 7. Find the certified Addendum for Gossamer Grove Specific Plan, as amended, adequately addresses the proposed action; accept the grant deed for the portion of property on the West side of Gossamer Grove Blvd. North of Seventh Standard Road occupied by the Gossamer Grove lift station from Lennar Homes of California Inc.; and authorize the City Engineer to record said documents. 8. Find the certified Addendum for the City of Shafter and Shafter Recreation and Park District project adequately addresses the proposed action; accept the grant deed and dedication of easement for street and public utility purposes from the John and Jean Ohanneson CRT; and authorize the City Engineer to record said documents. 9. Find project is exempt from the California Environmental Quality Act; approve plans for 2018 East Los Angeles and South Shafter Avenue Shoulder Pavement Project; and authorize the City Engineer to release the project for formal bidding. 10. Find proposal is exempt from the California Environmental Quality Act; approve the plans for the State Ave. and Alley Improvement Project; and authorize the City Engineer to release the project for formal bidding.
COUNCIL ANNOUNCEMENTS AND REPORTS:
On their own initiative, Council Members may make a brief announcement or a brief report on their own activities. Council Members may ask a question for clarification, make a referral to staff, or take action to have staff place a matter of business on a future agenda. No formal action by the Council will be taken unless an item is identified on the Agenda.
CITY MANAGER COMMENTS AND REPORTS:
MANAGEMENT REPORTS:
1. TRANSFER OF TAX REVENUES FOR ANNEXATION NO. 87 PURSUANT TO EXISTING TAX SHARING AGREEMENT WITH COUNTY OF KERN: a request to find the certified Addendum for Annexation No. 87 adequately addresses the proposed action; and adopt Resolution 2587, a Resolution of the City Council of the City of Shafter Approving the Transfer of Tax Revenues Upon Local Agency Jurisdictional Change, City of Shafter Annexation No. 87 (LAFCO Proceeding No. 1717). (City Manager Hurlbert)
2. ANNUAL MUNICIPAL AND INDUSTRIAL WATER USE PAYMENT: a request to find proposed activity is not subject to the California Environmental Quality Act; authorize payment of up to $72,554.30 to reimburse North Kern Water Storage District for its payment to the City of Bakersfield on behalf of Shafter to comply with the “Agreement for Use of Water Rights”; and authorize the Public Works Director to invoice Oildale Mutual Water Company for its share of the M&I water use fees per the agreement with Bakersfield. (City Manager Hurlbert)
Shafter City Council Agenda May 1, 2018 Page 3
3. PURCHASE AND SALE AGREEMENT AND JOINT ESCROW INSTRUCTIONS FOR LOTS 1 THROUGH 13 OF TRACT 6936 TO JEREMY WILLER CO.: a request to find the adopted Negative Declaration for Tract 6936 adequately addresses the proposed action; approve the purchase agreement and joint escrow instructions selling lots 1 through 13 of Tract 6936 (Assessor Parcel Numbers 026-720-02 through 026-720-14) to Jeremy Willer Co.; and authorize the City Manager and Administrative Services Director to execute any and all documents necessary to complete the transaction. (City Manager Hurlbert)
4. CALIFORNIA DEPARTMENT OF CORRECTIONS AND REHABILITATION MODIFIED COMMUNITY CORRECTIONAL FACILITY AGREEMENT C5607882: a request to find the proposed activity is not subject to the California Environmental Quality Act; adopt, subject to City Attorney approval, Resolution 2588, a Resolution of the City Council of the City of Shafter Authorizing the City Manager to Sign and Execute Agreement No. C5607882 with the California Department of Corrections and Rehabilitation for the Operation of the Modified Community Correctional Facility. (City Manager Hurlbert)
DEPARTMENT COMMENTS AND REPORTS:
On their own initiative, Staff may make a brief announcement or a brief report on their own activities. Council Members may ask a question for clarification, make a referral to staff, or take action to have staff place a matter of business on a future agenda. No formal action by the Council will be taken unless an item is identified on the Agenda.
RECESS:
CLOSED SESSION:
1. CONFERENCE WITH REAL PROPERTY NEGOTIATIONS: (Government Code 54956.8) Property: Seventh Standard Rd., East of Zachary Rd., Shafter, CA 93263; APN 091-262-10 and 091-262-01; Agency negotiators: City Manager Hurlbert and Administrative Services Director Zervis; Negotiating parties: Bidart Brothers; Under negotiation: price and terms of payment.
2. CONFERENCE WITH REAL PROPERTY NEGOTIATIONS: (Government Code 54956.8) Property: 100 Carver St. 5501 Lerdo Hwy; Agency negotiators: City Manager Hurlbert and Administrative Services Director Zervis; Negotiating parties: JDC Lerdo LLC; Under negotiation: price and terms of payment.
3. CONFERENCE WITH REAL PROPERTY NEGOTIATIONS: (Government Code 54956.8) Property: APN 089-140-07; Agency negotiators: City Manager Hurlbert and Administrative Services Director Zervis; Negotiating parties: John and Jean Ohanneson CRT; Under negotiation: price and terms of payment.
Shafter City Council Agenda May 1, 2018 Page 4
4. CONFERENCE WITH REAL PROPERTY NEGOTIATIONS: (Government Code 54956.8) Property: 504 Rodeo Ave., 508 Rodeo Ave., 512 Rodeo Ave., 516 Rodeo Ave., 520 Rodeo Ave., 524 Rodeo Ave., 602 Rodeo Ave., 606 Rodeo Ave., 610 Rodeo Ave., 614 Rodeo Ave., 618 Rodeo Ave., 622 Rodeo Ave., 626 Rodeo Ave.; Agency negotiators: City Manager Hurlbert and Administrative Services Director Zervis; Negotiating parties: City Manager Hurlbert and Administrative Services Director Zervis; Under negotiation: lease price and terms of agreement.
ADJOURNMENT: Pursuant to the Americans with Disabilities Act, if you need special assistance to participate in a City Council Meeting, please contact the City Clerk at (661) 746-5000 at least three (3) days prior to the meeting or time the special services are needed to allow City staff in making reasonable arrangements to provide you with access to the meeting. Any public record, relating to an open session agenda item, that is distributed within 72 hours prior to the meeting is available for public inspection in the City Clerk’s Office at Shafter City Hall, 336 Pacific Ave., Shafter, CA 93263. This is to certify that this Agenda notice was posted at City Hall and Police Dept. by 5:00 p.m., April 26, 2018. Rachel Zermeno, S/S, Deputy City Clerk. c¡rY oF SÞIAFTER ?KO C L,ngvf Af I O IV'
Cinco de Mayo Days 27th Anniversary April29 through May 5 , 2018
WHEREAS, the Republic of Mexico was invaded more than 200 years ago by an army of foreign troops from France; and
WHEREAS, on the 5th day of May, 1862, an outnumbered and untrained Mexican force was sent to battle with the larger and more experienced French troops at Guadalupe Hill, near the City of Puebla; and
WHEREAS, against all odds, the Mexican troops defeated their invaders; and
WHEREAS, this victory is a symbol and example of all which is possible through determination, accomplishment, and honor for all free people.
NOW THEREFORE,' l, Cathy L. Prout, Mayor of the City of Shafter, on behalf of the entire Shafter City Council, do hereby proclaim, April 29 through May 5, 2018, as Cinco de Mayo Days.
PASSED AND ADOPTED this 1st day of May, 2018
City of Shafter SÆRCITY OF #roclamatíon Municipal Glerks Week May 6-12,2018
WHEREAS, the Office of the Municipal Clerk, a time honored and vital part of local government exists throughout the world, and
WHEREAS, the Office of the Municipal Clerk is the oldest among public servants, and
WHEREAS, the Office of the Municipal Clerk provides the professional link between the citizens, the local governing bodies and agencies of government at other levels, and
WHEREAS, Municipal Clerks have pledged to be ever mindful of their neutrality and impartiality, rendering equal service to all; and
WHEREAS, the Municipal Clerk serves as the information center on functions of local government and community.
Whereas, Municipal Clerks continually strive to improve the administration of the affairs of the Office of the Municipal Clerk through participation in education programs, seminars, workshops and the annual meetings, and professional organizations.
Whereas, it is most appropriate that we recognize the accomplishments of the Office of the Municipal Clerk to maintain the integrity of and to provide for public access to, safety of, and inspection of all City public records.
NOW, THEREFORE, that l, Cathy L. Prout, Mayor of the City of Shafter, on behalf of the entire City Council, do hereby proclaim the week of May 6-12, 2018, as Municipal Clerks Week, extend appreciation to our municipal clerks, City Clerk Christine Wilson, Deputy City Clerk Yazmina Pallares, and Deputy City Clerk Rachel Zermeno, for the vital services they perform and their exemplary dedication to serving the changing needs of the community.
PASSED AND ADOPTED this 1st day of May, 2018.
Cathy L. Prout, Mayor City of Shafter vchlist Voucher List Page: 1 04/19/2018 10:20:28AM City of Shafter
Bank code : 06
Voucher Date Vendor Invoice PO # Description/Account Amount
131273 4/19/2018 0000261 PETTY CASH 31220 WATER DEPOSIT REFUND: 30504 ORANGE B.Y. 530-1001-00 22.67 31221 RFP DEMOS- DONUTS 010-20-140-5180 12.10 31222 GATE FUNDS: AP5793, BC9105 571-1101-20 400.00 31223 GATE FUNDS: BD4016 571-1101-20 200.00 31224 WATER DEPOSIT REFUND: 242 PINE ST O.H.G. 530-1001-00 159.72 31225 WATER DEPOSIT REFUND: 482 W EUCLID AVE 530-1001-00 159.72 31226 GATE FUNDS: BB4826 571-1101-20 200.00 31227 ERP DEMOS- DONUTS 010-20-140-5180 10.99 31228 REIMBURSE - J.M.A. CLASS A RENEWAL 525-70-300-5220 45.00 31229 GATE FUNDS: BB5106, AU9968 571-1101-20 400.00 31230 WATER KEY DEPOSIT REFUND: B.K. 010-00-3143-00 25.00 31231 START UP CASH TRANSIT BAG- R.D. 535-20-330-5110 10.00 31232 GATE FUNDS: F04285, F57117 571-1101-20 400.00 31233 ERP DEMOS- DONUTS 010-20-140-5180 10.99 31234 ERP DEMOS- BREAKFAST 010-20-140-5180 11.20 31235 ERP DEMOS- LUNCH 010-20-140-5180 10.50 31236 GATE FUNDS: BD8028, BE3380, BD8964 571-1101-20 600.00 Total : 2,677.89
Page: 1 vchlist Voucher List Page: 2 04/19/2018 10:20:28AM City of Shafter
Bank code : 06
Voucher Date Vendor Invoice PO # Description/Account Amount
1 Vouchers for bank code : 06 Bank total : 2,677.89
1 Vouchers in this report Total vouchers : 2,677.89
This voucher register approved by the City Council for the period and amount herein referenced.
CERTIFIED BY
MAYOR ______
MEMBER ______
MEMBER ______
MEMBER ______
MEMBER ______
Page: 2 vchlist Voucher List Page: 1 04/24/2018 3:39:23PM City of Shafter
Bank code : 06
Voucher Date Vendor Invoice PO # Description/Account Amount
131279 4/24/2018 0013128 CARD SERVICE CENTER 088059071134 CREDIT- PD M.P. IPHONE BATTERY REPAIR 010-60-210-5110 -75.00 115633 DOFORMS MONTHLY SVC FEE 575-75-390-5222 109.45 1293067 HDMI DVI CABLES 650-00-500-5115 85.66 1436251 PD J.B. HDMI SPLITTER 010-60-210-5180 41.47 1997059 MICRO USB CABLES 650-00-500-5115 13.99 2225049 HDMI DVI ADAPTERS 650-00-500-5115 20.55 2627441 WATCH SENIOR PC DISK DRIVE 571-80-380-5110 91.15 650-00-500-5115 182.30 4842630 SLC PROJECTOR BULB 010-10-115-5100 75.15 52968 CLOUD COVER SUBSCRIPTION 010-10-115-5220 17.95 6757043 SERIAL CABLES & ADAPTERS 650-00-500-5115 36.44 6890602 PD DISPATCH PRINTER REPLACEMENT 650-00-500-5115 501.93 7541823F01GYBM0TY CREDIT- MENS HEALTH MAGAZINE 010-2300-00 -2.60 7999418 PDU FOR CO, SERIAL CABLES 650-00-500-5115 141.76 8816236 DB25-DB9 NULL MODEM ADAPTER 650-00-500-5115 10.68 8840236 SPRAY LUBRICANT 650-00-500-5115 26.80 CREDIT CREDIT- GUEST NOT ATTENDING 520-70-310-5180 -11.67 530-70-320-5180 -11.67 525-70-300-5180 -11.66 LA TIMES LA TIMES SUBSCRIPTION
Page: 1 vchlist Voucher List Page: 2 04/24/2018 3:39:23PM City of Shafter
Bank code : 06
Voucher Date Vendor Invoice PO # Description/Account Amount
131279 4/24/2018 0013128 CARD SERVICE CENTER (Continued) 571-80-380-5170 15.96 LODGING LODGING- N.A. CRWA DIST CERT 010-70-270-5180 154.25 LODGING LODGING- M.T. 2018 PW OFFICERS 010-70-290-5110 118.12 520-70-310-5180 118.12 525-70-300-5180 118.12 530-70-320-5180 118.12 PAYPAL ACCIDENTAL PERSONAL PURCHASE 010-2300-00 9.99 PAYPAL ACCIDENTAL PERSONAL PURCHASE 010-2300-00 4.99 WINDH 1PASSWORD MGR 650-00-500-5212 14.97 Total : 1,915.32
131281 4/24/2018 0014460 CARD SERVICE CENTER 025584 SUPPLIES FOR KITCHEN 640-00-400-5110 282.98 027574 LUNCH: J.Z, S.H, M.J, K.H, & ALLIANCE 010-10-125-5180 90.19 031010 SUPPLIES FOR KITCHEN 640-00-400-5110 15.35 03302018 BILLING FEES 010-60-230-5221 6.00 04032018 STAMPS.COM SVC 571-80-380-5130 100.00 1042000314 CAT LITTER 010-60-230-5110 51.22 111-1582824-7180215 RELIGIOUS FOOD 571-80-380-5114 25.94 114-0465086-1308205 UNDER CABINET LIGHTING FOR PD 010-60-210-5200 39.99 114-0776780-5025824 LC SUPPLIES FOR SESSION 6 SCHOLAR HOUR 010-10-115-5100 128.89 114-1847064-6964200 CLEANOUT COVER PLATE FOR VETS HALL 010-10-280-5111 10.85
Page: 2 vchlist Voucher List Page: 3 04/24/2018 3:39:23PM City of Shafter
Bank code : 06
Voucher Date Vendor Invoice PO # Description/Account Amount
131281 4/24/2018 0014460 CARD SERVICE CENTER (Continued) 114-5374911-8913850 8' FLUORESCENT BULBS FOR IT WAREHOUSE 640-00-400-5200 79.40 114-6106509-2761006 2 BALLASTS FOR LIGHT FIXTURES IN IT 640-00-400-5200 46.30 130321617 QNAP MEDIA SERVER BACKUP 650-00-500-5170 13.40 150 BULKY WASTE RECYCLE POSTCARDS 525-70-300-5220 817.58 1817351 ISC WEST HOTEL ROOM DEPOSIT 650-00-500-5185 89.27 211533 OUT OF SERVICE SIGNS 530-70-320-5110 99.50 253147 VET SERVICES 010-60-230-5221 245.00 358783762 LUNCH- SUPERVISORS MTG 571-80-380-5110 124.50 461547 SHIP AED 010-60-210-5130 46.49 51926 LUNCH- SHAFTER PRE-TREATMENT SITE VISITS 520-70-310-5180 39.83 61001654148 RELIGIOUS FOOD 571-80-380-5114 19.95 61009907759 50% DEPOSIT FOR OUTDOOR WATERING 530-70-320-5220 874.56 700079350 SUMMER COURSE BOOK ORDER 010-10-115-5110 134.16 700079768 BOOKS 010-10-115-5110 162.72 744116183 USER CONF REG. J.R. 650-00-500-5180 199.00 759211 WATER TREATMENT PLANT OPERATION 530-70-320-5180 160.53 7MZML-Q4A18-7J5 LC SUMMER POSTCARDS 010-10-115-5100 404.82 805536243927 PD J.B. TRAINING TV 010-60-210-5180 275.11
Page: 3 vchlist Voucher List Page: 4 04/24/2018 3:39:23PM City of Shafter
Bank code : 06
Voucher Date Vendor Invoice PO # Description/Account Amount
131281 4/24/2018 0014460 CARD SERVICE CENTER (Continued) 807900011931 SUPPLIES 010-60-210-5100 132.27 869B1 SHAREFILE SVCS 650-00-500-5125 204.35 951608-1 MED VET- SUPPLIES 010-60-230-5110 226.70 951608-2 MED VET- SUPPLIES 010-60-230-5110 9.10 AMAZON OFFICE SUPPLIES- CITY CLERK 010-10-120-5110 213.18 CHRGR IPAD CHARGER & CORD 010-20-140-5100 48.24 CREDIT CREDIT NNA 010-50-250-5180 -2.16 010-40-160-5180 -2.16 010-30-240-5180 -2.17 530-70-320-5180 -2.17 525-70-300-5180 -2.17 520-70-310-5180 -2.17 EL MICHOACANO ERP MEETING 04/04/18 010-20-140-5180 119.05 EL MICHOACANO ERP MEETING 04/04/18 010-20-140-5180 12.33 FROSTY KING MAYORS & MGRS LUNCH 010-10-100-5180 77.66 IIMC MEMBERSHIP RENEWAL- C.W 010-10-120-5170 160.00 IIMC MEMBERSHIP RENEWAL- Y.P. 010-10-120-5170 100.00 IIMC MEMBERSHIP RENEWAL- R.Z. 010-10-120-5170 100.00 LODGING LODGING- K.N. ADVANCE DISPATCHER UPDATE 010-60-210-5180 508.17 LODGING LODGING- S.H. EVIDENCE & RECORDS 010-60-210-5180 134.63 LODGING LODGING- B.P. FIELD TRAINING OFFICER
Page: 4 vchlist Voucher List Page: 5 04/24/2018 3:39:23PM City of Shafter
Bank code : 06
Voucher Date Vendor Invoice PO # Description/Account Amount
131281 4/24/2018 0014460 CARD SERVICE CENTER (Continued) 010-60-210-5180 703.15 LODGING LODGING- K.G. FIELD TRAINING OFFICER 010-60-210-5180 703.15 LODGING LODGING- R.C. STANDARDIZED FIELD 010-60-210-5180 405.24 NEWARK ELECTRIC PANEL LOCKOUT DEVICES FOR BLDG 010-50-250-5110 382.18 PVXL4-Q4A71-7J3 LC SUMMER FOLDERS 010-10-115-5100 372.67 SAMS CLUB ERP DEMOS- LUNCH 010-20-140-5180 39.68 SQUARESPACE RESIDENTIAL KIOSK WEB HOSTING 650-00-500-5112 26.00 SQUARESPACE SHAFTER CONNECT WEB HOSTING 650-00-500-5112 26.00 TIN CUP ERP DEMOS- LUNCH 010-20-140-5220 127.50 TIN CUP SPECIAL COUNCIL MTG- DINNER 010-10-100-5180 72.00 TUITION TUITION- M.L.M. NOTARY RENEWAL LIVE 010-50-250-5180 124.11 010-40-160-5180 124.11 010-30-240-5180 124.11 520-70-310-5180 124.12 525-70-300-5180 124.12 530-70-320-5180 124.12 WA12681350 EVAPORATIVE COOLER FOR ROOF 571-80-380-5110 374.30 Total : 10,592.77
131282 4/24/2018 0000293 GAS CO - SO CA GAS, THE 07733APR18 GAS CHARGES 530-70-320-5300 16.87 16409APR18 GAS CHARGES 010-10-115-5300 10.11 650-00-500-5300 30.34 30003APR18 GAS CHARGES
Page: 5 vchlist Voucher List Page: 6 04/24/2018 3:39:23PM City of Shafter
Bank code : 06
Voucher Date Vendor Invoice PO # Description/Account Amount
131282 4/24/2018 0000293 GAS CO - SO CA GAS, THE (Continued) 640-00-400-5300 126.85 30153APR18 GAS CHARGES 010-10-115-5300 51.69 31008APR18 GAS CHARGES 010-60-210-5300 41.32 31484APR18 GAS CHARGES 010-10-280-5300 64.54 33000APR18 GAS CHARGES 641-70-420-5300 115.52 33006APR18 GAS CHARGES 530-70-320-5300 51.85 43224APR18 GAS CHARGES 571-80-380-5300 3,630.31 Total : 4,139.40
131283 4/24/2018 0000004 PACIFIC GAS & ELECTRIC 02968APR18 ELECTRICAL CHARGES 530-70-320-5300 1,610.33 578-30-808-5300 536.78 578-1001-00 536.78 578-1001-99 -536.78 03353MAR18 ELECTRICAL CHARGES 550-75-350-5300 66.85 06772APR18 ELECTRICAL CHARGES 578-30-820-5300 59.48 578-1001-00 59.48 578-1001-20 -59.48 10832APR18 ELECTRICAL CHARGES 550-75-350-5300 398.97 18773MAR18 ELECTRICAL CHARGES 010-70-270-5300 10.12 26939MAR18 ELECTRICAL CHARGES 575-75-390-5300 68.90 40286MAR18 ELECTRICAL CHARGES 535-20-330-5300 617.91 41752MAR18 ELECTRICAL CHARGES 550-75-350-5300 794.01
Page: 6 vchlist Voucher List Page: 7 04/24/2018 3:39:23PM City of Shafter
Bank code : 06
Voucher Date Vendor Invoice PO # Description/Account Amount
131283 4/24/2018 0000004 PACIFIC GAS & ELECTRIC (Continued) 45640APR18 ELECTRICAL CHARGES 578-30-808-5300 29.59 578-1001-00 29.59 578-1001-98 -29.59 60084APR18 ELECTRICAL CHARGES 010-60-230-5300 712.72 60367APR18 ELECTRICAL CHARGES 520-70-310-5300 20.12 61683APR18 ELECTRICAL CHARGES 010-70-290-5300 9.86 61751MAR18 ELECTRICAL CHARGES 010-70-290-5340 9.53 69360APR18 ELECTRICAL CHARGES 578-30-808-5300 28.40 578-1001-00 28.40 578-1001-99 -28.40 70899APR18 ELECTRICAL CHARGES 010-70-290-5350 4,663.73 578-30-814-5300 11.58 578-1001-00 11.58 578-1001-14 -11.58 578-30-810-5300 9.70 578-1001-00 9.70 578-1001-10 -9.70 578-30-810-5300 1.47 578-1001-00 1.47 578-1001-10 -1.47 71285APR18 ELECTRICAL CHARGES 010-70-290-5340 101.25 86765APR18 ELECTRICAL CHARGES 010-70-290-5300 12.58 91351APR18 ELECTRICAL CHARGES 640-00-400-5300 73.66 97642APR18 ELECTRICAL CHARGES 010-70-270-5300 9.86 98812APR18 ELECTRICAL CHARGES
Page: 7 vchlist Voucher List Page: 8 04/24/2018 3:39:23PM City of Shafter
Bank code : 06
Voucher Date Vendor Invoice PO # Description/Account Amount
131283 4/24/2018 0000004 PACIFIC GAS & ELECTRIC (Continued) 010-70-290-5340 53.50 Total : 9,910.90
4 Vouchers for bank code : 06 Bank total : 26,558.39
4 Vouchers in this report Total vouchers : 26,558.39
This voucher register approved by the City Council for the period and amount herein referenced.
CERTIFIED BY
MAYOR ______
MEMBER ______
MEMBER ______
MEMBER ______
MEMBER ______
Page: 8 vchlist Voucher List Page: 1 04/26/2018 10:25:51AM City of Shafter
Bank code : 06
Voucher Date Vendor Invoice PO # Description/Account Amount
235 4/13/2018 0000936 PUBLIC EMPL RETIREMENT SYS Ben431312 CALPERS: PAYMENT 010-2145-50 77,559.51 010-60-210-4050 1,267.48 571-80-380-4050 210.88 Total : 79,037.87
236 4/30/2018 0013690 EMPLOYEE BENEFIT SPECIALIST Ben431786 FDAC DELTA DENTAL PPO: PAYMENT 571-80-380-4050 20.21 010-70-290-4050 -15.17 010-10-125-4050 15.89 010-40-160-4050 15.89 571-80-380-4050 -17.64 010-60-210-4050 25.56 010-2145-47 15,810.72 010-2145-46 3,692.67 010-2145-47 98.48 571-80-380-4050 -174.02 010-60-210-4050 226.78 010-10-125-4050 -47.01 525-70-300-4050 38.40 010-40-160-4050 38.40 010-70-290-4050 -15.17 571-80-380-4050 -15.17 010-60-210-4050 -30.34 Total : 19,668.48
237 4/30/2018 0000017 INTERNAL REVENUE SERVICE Ben431788 FICA: PAYMENT 010-2145-41 59,086.86 010-2145-40 36,511.74 010-2145-42 13,818.96 Total : 109,417.56
239 4/30/2018 0000144 ST OF CA EDD Ben431792 CASDI: PAYMENT 010-2145-44 4,882.25 010-2145-43 15,094.47 010-2145-56 615.36
Page: 1 vchlist Voucher List Page: 2 04/26/2018 10:25:51AM City of Shafter
Bank code : 06
Voucher Date Vendor Invoice PO # Description/Account Amount
239 4/30/2018 0000144 0000144 ST OF CA EDD (Continued) Total : 20,592.08
131274 4/20/2018 0011261 MORRIS, ERIKA UNIFORM UNIFORM ALLOWANCE POLICE DISPATCHER NEW 010-60-210-4050 475.00 Total : 475.00
131275 4/24/2018 0010690 ZERVIS, JIM PER DIEM PER DIEM- CA MUNICIPAL TREASURERS ASSOC 010-20-140-5180 168.00 Total : 168.00
131276 4/24/2018 0007539 LAKE NATOMA INN LODGING LODGING- J.O. CGTF CONFERENCE 05/15/18- 571-80-380-5185 321.42 Total : 321.42
131277 4/24/2018 0007539 LAKE NATOMA INN LODGING LODGING- N.C. CGTF CONFERENCE 05/15/18- 571-80-380-5185 321.42 Total : 321.42
131278 4/24/2018 0007539 LAKE NATOMA INN LODGING LODGING- D.C. CGTF CONFERENCE 05/15/18- 571-80-380-5185 321.42 Total : 321.42
131284 5/1/2018 0011725 1-800 RADIATOR 25036192 RADIATOR FOR TRUCK #57 530-70-320-5160 127.63 Total : 127.63
131285 5/1/2018 0011916 ADEPT DENTAL GROUP SHAFTER 4 MCCF INMATE DENTAL SERVICES FOR APRIL 571-80-380-5121 16,999.00 Total : 16,999.00
131286 5/1/2018 0000072 AFLAC Ben431288 125-INS PRE-TAX: PAYMENT 010-2145-62 4,412.45 Ben431767 125-INS PRE-TAX: PAYMENT 010-2145-62 4,412.45 010-60-210-4050 -0.41 Total : 8,824.49
131287 5/1/2018 0011203 AFLAC GROUP INSURANCE Ben431298 125-CI PRE-TAX: PAYMENT
Page: 2 vchlist Voucher List Page: 3 04/26/2018 10:25:51AM City of Shafter
Bank code : 06
Voucher Date Vendor Invoice PO # Description/Account Amount
131287 5/1/2018 0011203 AFLAC GROUP INSURANCE (Continued) 010-2145-62 65.66 Ben431778 125-CI PRE-TAX: PAYMENT 010-2145-62 65.66 Total : 131.32
131288 5/1/2018 0005055 ALSPAW TREE SERVICE 24658 391 BIRCH AVE REMOVAL 02 LARGE CAMPHOR 010-70-270-5220 2,700.00 Total : 2,700.00
131289 5/1/2018 0013236 AMBER CHEMICAL INC 0348935-IN HYPOCHLORITE SOLUTIONS 530-70-320-5110 99.74 0349026-IN TRANSFER FEE 530-70-320-5110 100.00 Total : 199.74
131290 5/1/2018 0001394 AMERICAN BUSINESS MACHINES 380165 CONTRACT FEE 010-70-270-5110 82.00 525-70-300-5110 82.00 010-70-290-5110 82.00 530-70-320-5110 82.00 520-70-310-5110 82.00 380645 CITY HALL COPIER C7260 640-00-400-5220 941.03 382001 QRTLY METER READ OVERAGES C2550 641-70-420-5220 84.59 382057 IT COPIER C2020 650-00-500-5220 59.17 382102 QRTLY METER READ OVERAGES C2550 010-50-250-5110 134.46 010-40-160-5110 134.46 010-10-135-5110 134.46 010-30-240-5110 94.91 530-70-320-5110 94.91 010-70-270-5110 94.91 525-70-300-5110 55.37 010-70-290-5110 47.47
Page: 3 vchlist Voucher List Page: 4 04/26/2018 10:25:51AM City of Shafter
Bank code : 06
Voucher Date Vendor Invoice PO # Description/Account Amount
131290 5/1/2018 0001394 0001394 AMERICAN BUSINESS MACHINES (Continued) Total : 2,285.74
131291 5/1/2018 0011209 ANYTIME FITNESS, SHAFTER Ben431290 GYM MEMBERSHIP: PAYMENT 010-2145-55 219.08 Ben431770 GYM MEMBERSHIP: PAYMENT 010-2145-55 219.08 Total : 438.16
131292 5/1/2018 0004936 APP RIVER LLC 328030 2 YR EMAIL FILTERING 650-00-500-5125 2,475.00 Total : 2,475.00
131293 5/1/2018 0000081 ARAMARK UNIFORM SERVICES 601705979 UNIFORM LAUNDRY 010-70-270-4050 53.98 641-70-420-4050 8.19 640-00-400-5200 192.85 010-70-290-4050 33.18 575-75-390-4050 2.43 010-70-270-5110 196.56 525-70-300-4050 28.27 520-70-310-4050 46.90 530-70-320-4050 68.32 641-70-420-5200 10.83 601705995 MATS - LC 010-10-115-5200 33.89 601713306 UNIFORM LAUNDRY 010-70-270-4050 36.48 641-70-420-4050 8.19 640-00-400-5200 190.10 010-70-290-4050 33.18 575-75-390-4050 2.43 525-70-300-4050 28.27 520-70-310-4050 17.40 530-70-320-4050 38.82 641-70-420-5200 10.83 601713307 MATS - SHOP 641-70-420-5200 62.34
Page: 4 vchlist Voucher List Page: 5 04/26/2018 10:25:51AM City of Shafter
Bank code : 06
Voucher Date Vendor Invoice PO # Description/Account Amount
131293 5/1/2018 0000081 ARAMARK UNIFORM SERVICES (Continued) 601713322 MATS 640-00-400-5200 59.50 010-10-100-5110 72.35 010-10-110-5110 72.35 601713323 MATS - CH 640-00-400-5200 53.50 601720659 UNIFORM LAUNDRY 010-70-270-4050 36.48 641-70-420-4050 8.19 640-00-400-5200 196.00 010-70-290-4050 33.18 575-75-390-4050 2.43 525-70-300-4050 28.27 520-70-310-4050 32.15 530-70-320-4050 53.57 641-70-420-5200 10.83 601720660 MATS - SHOP 641-70-420-5200 62.34 601720675 MATS - LEARNING CENTER 010-10-115-5200 33.89 Total : 1,858.47
131294 5/1/2018 0000003 AT&T 1076APR18 PHONE CHARGES 238 841-1079 338 530-70-320-5120 33.12 1077APR18 PHONE CHARGES 238 841-1077 343 530-70-320-5120 33.12 1079APR18 PHONE CHARGES 238 841-1079 338 530-70-320-5120 33.12 2576MAR18 PHONE CHARGES 661 589-2576 931 010-60-210-5120 175.21 3228APR18 PHONE CHARGES 960 739-3228 555 530-70-320-5120 35.15 7026MAR18 PHONE CHARGES 661 589-7026 712 571-80-380-5120 174.20 Total : 483.92
Page: 5 vchlist Voucher List Page: 6 04/26/2018 10:25:51AM City of Shafter
Bank code : 06
Voucher Date Vendor Invoice PO # Description/Account Amount
131295 5/1/2018 0012466 AT&T CALNET 3 000011225197 PHONE CHARGES 010-70-270-5300 60.78 010-60-210-5120 276.10 571-80-380-5120 38.62 641-70-420-5120 18.62 640-00-400-5120 114.38 530-70-320-5120 20.26 2250APR18 PHONE CHARGES 640-00-400-5120 165.13 2258APR18 PHONE CHARGES 578-30-808-5300 20.27 578-1001-00 20.27 578-1001-99 -20.27 2259APR18 PHONE CHARGES 010-60-210-5120 82.64 2260APR18 PHONE CHARGES 010-10-280-5300 20.26 2261APR18 PHONE CHARGES 010-60-230-5120 39.70 2262APR18 PHONE CHARGES 530-70-320-5120 20.26 2263APR18 PHONE CHARGES 520-70-310-5120 20.26 2265APR18 PHONE CHARGES 530-70-320-5120 21.02 2267APR18 PHONE CHARGES 010-10-115-5120 76.07 2268APR18 PHONE CHARGES 520-70-310-5120 20.26 2269APR18 PHONE CHARGES 640-00-400-5120 414.07 2270APR18 PHONE CHARGES 640-00-400-5120 98.69 2271APR18 PHONE CHARGES 530-70-320-5120 20.80 2273APR18 PHONE CHARGES 010-60-210-5120 123.09
Page: 6 vchlist Voucher List Page: 7 04/26/2018 10:25:51AM City of Shafter
Bank code : 06
Voucher Date Vendor Invoice PO # Description/Account Amount
131295 5/1/2018 0012466 0012466 AT&T CALNET 3 (Continued) Total : 1,671.28
131296 5/1/2018 0004322 B A R C INV0097721 RECYCLING COLLECTIONS AT CITY HALL 525-70-300-5222 101.26 Total : 101.26
131297 5/1/2018 0014008 BADGER METER 80019387 BEACON MONTHLY DUES 530-70-320-5220 30.00 Total : 30.00
131298 5/1/2018 0000011 BAKERSFIELD CALIFORNIAN 2693377 PUBLICATION 2017 LERDO MEDIAN 140-00-630-0373 2,658.14 Total : 2,658.14
131299 5/1/2018 0002318 BAKERSFIELD, CITY OF PA-7389 7TH STANDARD ROAD TRAFFIC SIGNAL 010-70-290-5340 1,038.37 Total : 1,038.37
131300 5/1/2018 0000044 BARKER INC, BOB UT1000454307 MCCF - SOAP FOR INMATES 571-80-380-5110 612.93 571-80-380-5115 4,849.71 UT1000454490 INMATE TOOTHPASTE & SOAP 571-80-380-5110 194.27 571-80-380-5116 630.12 UT1000454522 MCCF - KITCHEN TUMBLER CUPS 571-80-380-5110 170.01 UT1000454646 INMATE CLOTHING 571-80-380-5116 446.33 Total : 6,903.37
131301 5/1/2018 0000097 BEST BEST & KRIEGER LLP 818663 LEGAL SERVICES 010-10-130-5220 451.94 010-30-240-5220 5,775.00 010-10-130-5220 117.50 010-10-130-5221 247.50 010-10-130-5220 8,865.51 530-70-320-5220 540.50 010-10-130-5220 682.28
Page: 7 vchlist Voucher List Page: 8 04/26/2018 10:25:51AM City of Shafter
Bank code : 06
Voucher Date Vendor Invoice PO # Description/Account Amount
131301 5/1/2018 0000097 BEST BEST & KRIEGER LLP (Continued) 010-10-125-6840 1,316.00 010-10-125-5220 5,522.50 010-70-270-5220 70.50 818664 LEGAL SERVICES 010-10-130-5221 3,520.50 Total : 27,109.73
131302 5/1/2018 0000100 BLUEPRINT SERVICE CO INC 926581 2017 SHAFT. SEWER IMPROV. PHASE #2 520-00-670-0739 26.92 Total : 26.92
131303 5/1/2018 0013852 BOOT BARN INC 11163117 CREDIT 02/23/18 R.P. 530-70-320-4050 -10.73 520-70-310-4050 -10.72 IVC0113555 BOOT/COAT ALLOWANCE A.A. 2017/2018 010-70-290-4050 208.47 530-70-320-4050 26.06 520-70-310-4050 26.06 IVC0113555 BOOT/COAT ALLOWANCE J.V. 2017/2018 010-70-270-4050 246.13 IVC0132327 BOOT/COAT ALLOWANCE - J.C. 2017/2018 010-50-250-4050 128.46 IVC0132330 BOOT/COAT ALLOWANCE D.F. 2017/2018 010-50-250-4050 300.00 IVC0132332 BOOT/COAT ALLOWANCE F.A. 2017/2018 525-70-300-4050 67.57 IVC0132336 BOOT/COAT ALLOWANCE D.F. 2017/2018 641-70-420-4050 193.04 Total : 1,174.34
131304 5/1/2018 0008105 BRIDGEPORT MANUFACTURING INC 10191-00 AIR VALVE 14DP-4, AIR VALVE 14SP-3 525-70-300-5160 309.21 10192-00 MAIN PIVOT BUSHING, GRIPPER BELT, BELT 525-70-300-5160 472.26 10212-00 AIR VALVE 14DP-3 525-70-300-5160 166.91
Page: 8 vchlist Voucher List Page: 9 04/26/2018 10:25:51AM City of Shafter
Bank code : 06
Voucher Date Vendor Invoice PO # Description/Account Amount
131304 5/1/2018 0008105 BRIDGEPORT MANUFACTURING INC (Continued) 10242-00 ASL REACH/RAIL CYLINDER 525-70-300-5160 1,416.50 Total : 2,364.88
131305 5/1/2018 0003539 BROWN & FOWLER 5 WELL 11 & 17 TCP PROJECT 530-00-660-0639 208,116.50 Total : 208,116.50
131306 5/1/2018 0000114 CA MUNI TREASURERS ASSN 200001599 PRE-CONFERENCE SPECIALIZED CMTA TRAINING 010-20-140-5180 75.00 Total : 75.00
131307 5/1/2018 0007613 CA STATE DISBURSEMENT UNIT 29-228301 GARNISHMENT #29-228301 010-2145-49 667.50 Total : 667.50
131308 5/1/2018 0007613 CA STATE DISBURSEMENT UNIT 2-1695467 GARNISHMENT #2-1695467 010-2145-49 437.50 Total : 437.50
131309 5/1/2018 0007613 CA STATE DISBURSEMENT UNIT 2-1795192 GARNISHMENT #2-1795192 010-2145-49 353.12 Total : 353.12
131310 5/1/2018 0007613 CA STATE DISBURSEMENT UNIT 3-2736536 GARNISHMENT #3-2736536 010-2145-49 310.00 Total : 310.00
131311 5/1/2018 0007613 CA STATE DISBURSEMENT UNIT 20-1894545 GARNISHMENT #20-1894545 010-2145-49 290.50 Total : 290.50
131312 5/1/2018 0007613 CA STATE DISBURSEMENT UNIT 2-1501646 GARNISHMENT #2-1501646 010-2145-49 215.50 Total : 215.50
131313 5/1/2018 0007613 CA STATE DISBURSEMENT UNIT 2-1636247 GARNISHMENT #2-1636247
Page: 9 vchlist Voucher List Page: 10 04/26/2018 10:25:51AM City of Shafter
Bank code : 06
Voucher Date Vendor Invoice PO # Description/Account Amount
131313 5/1/2018 0007613 CA STATE DISBURSEMENT UNIT (Continued) 010-2145-49 200.50 Total : 200.50
131314 5/1/2018 0007613 CA STATE DISBURSEMENT UNIT 2-1118535 GARNISHMENT #2-1118535 010-2145-49 158.00 Total : 158.00
131315 5/1/2018 0007613 CA STATE DISBURSEMENT UNIT 20-1946314 GARNISHMENT #20-1946314 010-2145-49 33.50 Total : 33.50
131316 5/1/2018 0007613 CA STATE DISBURSEMENT UNIT 2-1662682 GARNISHMENT #2-1662682 010-2145-49 12.50 Total : 12.50
131317 5/1/2018 0012387 CALIFITNESS 30760 QTRLY GYM EQUIPMENT MAINTENANCE 010-10-135-5110 135.00 Total : 135.00
131318 5/1/2018 0009327 CALIFORNIA BUILDING 1ST QTR CBSC FEES 010-2151-29 585.00 010-00-3231-00 -58.50 Total : 526.50
131319 5/1/2018 0009292 CALIFORNIA GANG TASK FORCE TUITION TUITION- N.C. CGTF CONFERENCE 05/15- 571-80-380-5180 20.00 Total : 20.00
131320 5/1/2018 0009292 CALIFORNIA GANG TASK FORCE TUITION TUITION-J.O. CGTF CONFERENCE 05/15- 571-80-380-5180 20.00 Total : 20.00
131321 5/1/2018 0009292 CALIFORNIA GANG TASK FORCE TUITION TUITION- D.C. CGTF CONFERENCE 05/15- 571-80-380-5180 20.00 Total : 20.00
131322 5/1/2018 0003365 CAMACHO, RAMON MEDICAL UNREIMBURSED MEDICAL
Page: 10 vchlist Voucher List Page: 11 04/26/2018 10:25:51AM City of Shafter
Bank code : 06
Voucher Date Vendor Invoice PO # Description/Account Amount
131322 5/1/2018 0003365 CAMACHO, RAMON (Continued) 010-2145-60 597.99 Total : 597.99
131323 5/1/2018 0007404 CANTU, NANCY PER DIEM PER DIEM- CGTF CONFERENCE 05/15- 571-80-380-5180 281.00 Total : 281.00
131324 5/1/2018 0014425 CARLOS QUEZADA 244500 WASH TRUCK 118 530-70-320-5160 25.00 010-70-290-5160 25.00 898101 WASH TRUCKS: 414,115,616 010-30-240-5160 75.00 010-50-250-5160 100.00 010-10-110-5160 25.00 650-00-500-5160 50.00 898102 WASH: T11,T12,T15,T14,T16 535-20-330-5180 230.00 898103 WASH TRUCK: 118 530-70-320-5160 25.00 010-70-290-5160 25.00 898104 WASH TRUCKS: 414,115,616 010-30-240-5160 75.00 010-50-250-5160 100.00 010-10-110-5160 25.00 650-00-500-5160 50.00 898105 WASH: T11,T12,T15,T14,T16 535-20-330-5180 195.00 Total : 1,025.00
131325 5/1/2018 0006204 CENTRAL SANITARY SUPPLY 872996 MCCF LAUNDRY SUPPLIES 571-80-380-5116 1,287.53 873025 MCCF JANITORIAL SUPPLIES 571-80-380-5119 479.28 874750 MCCF LAUNDRY SUPPLIES 571-80-380-5116 1,795.98 874755 MCCF JANITORIAL SUPPLIES
Page: 11 vchlist Voucher List Page: 12 04/26/2018 10:25:51AM City of Shafter
Bank code : 06
Voucher Date Vendor Invoice PO # Description/Account Amount
131325 5/1/2018 0006204 CENTRAL SANITARY SUPPLY (Continued) 571-80-380-5119 2,511.15 Total : 6,073.94
131326 5/1/2018 0006513 CENTRAL VALLEY OCCUPATIONAL 00232170-00 CLINICAL DOT - D.F. 641-70-420-5220 15.00 00233796-00 CLINICAL DOT- D.F. 641-70-420-5220 15.00 00237449-00 PRE-EMPLOYMENT PHYSICAL EXAM PD- E.M. 010-60-210-5250 228.00 Total : 258.00
131327 5/1/2018 0008755 CHAVOLLA, CAROL MEDICAL UNREIMBURSED MEDICAL 010-2145-60 352.00 Total : 352.00
131328 5/1/2018 0007155 CHEMSEARCH 3080787 MCCF KITCHEN/BACK DOCK CLEANER 571-80-380-5119 533.45 Total : 533.45
131329 5/1/2018 0006205 CLAUSEN, WAYNE L. CAR CAR ALLOWANCE 010-40-160-4050 324.00 010-30-240-4050 40.00 010-10-125-4050 36.00 Total : 400.00
131330 5/1/2018 0000500 COLVARD, JACK WOODY REFUND REFUND COBRA- JAN & FEB 010-2145-47 200.90 Total : 200.90
131331 5/1/2018 0014559 CONVERGINT TECHNOLOGIES LLC 605SNF463-1 PD CAMERA POC 25% 010-00-210-0037 17,065.48 Total : 17,065.48
131332 5/1/2018 0003532 COOTER, DONNA PER DIEM PER DIEM- CGTF CONFERENCE 05/15- 571-80-380-5180 281.00 Total : 281.00
Page: 12 vchlist Voucher List Page: 13 04/26/2018 10:25:51AM City of Shafter
Bank code : 06
Voucher Date Vendor Invoice PO # Description/Account Amount
131333 5/1/2018 0014335 CORE & MAIN LP I664195 SADDLE EPOXY, BALL CORP 530-70-320-5110 207.27 I664271 BLUE TRENCHING SHOVEL, STAINLESS STEEL 530-70-320-5110 53.63 Total : 260.90
131334 5/1/2018 0010269 CORELOGIC INC 81879743 REALQUEST 010-50-250-5170 100.00 Total : 100.00
131335 5/1/2018 0000219 COUNTY OF KERN MOU 06/15/18 PAYMENT DUE FOR PROPERTY TAX SHARING 010-00-3001-00 45,992.66 Total : 45,992.66
131336 5/1/2018 0010992 CREATIVE CONCEPTS 54392 BUSINESS CARDS- C.R. 010-60-210-5100 93.12 Total : 93.12
131337 5/1/2018 0005303 CULLIGAN WATER CONDITIONING 04012018 COOLER RENTAL 010-60-230-5110 12.00 89239 WATER 010-60-230-5110 37.80 Total : 49.80
131338 5/1/2018 0012562 CVIN VAST NETWORKS 11829 APR 2018 NETWORK MGMT SVCS 550-75-350-5211 7,500.00 650-00-500-5125 1,000.00 Total : 8,500.00
131339 5/1/2018 0007534 D & D SERVICES INC 62935 ANIMAL DISPOSAL- MARCH 2018 010-60-230-5110 315.00 Total : 315.00
131340 5/1/2018 0010809 DAVID STEVENS WELDING 1586 WATER PLANT BEHIND PRISON FURNISH & 530-70-320-5220 1,860.00 Total : 1,860.00
131341 5/1/2018 0000136 DELL MARKETING L P 10236013758 PD CAMERA POC NVR
Page: 13 vchlist Voucher List Page: 14 04/26/2018 10:25:51AM City of Shafter
Bank code : 06
Voucher Date Vendor Invoice PO # Description/Account Amount
131341 5/1/2018 0000136 DELL MARKETING L P (Continued) 010-00-210-0037 10,942.09 Total : 10,942.09
131342 5/1/2018 0007431 DOW, DAVID CAR CAR ALLOWANCE 530-70-320-4050 75.00 525-70-300-4050 50.00 520-70-310-4050 50.00 010-70-290-4050 50.00 010-60-210-4050 25.00 Total : 250.00
131343 5/1/2018 0000147 EL POPULAR INC 3321 PUBLICATION 2017 LERDO MEDIAN 140-00-630-0373 420.00 Total : 420.00
131344 5/1/2018 0014458 EMTS INC 9656 GOSSAMER GROVE LANDSCAPE MAINTENANCE 578-30-820-5220 10,820.00 578-1001-00 10,820.00 578-1001-99 -10,820.00 Total : 10,820.00
131345 5/1/2018 0011911 ENGEL, GARY 03312018 BACKGROUNDS- MAR 2018 010-60-210-5250 3,864.58 Total : 3,864.58
131346 5/1/2018 0000151 ENTENMANN-ROVIN COMPANY 0134725-IN DETECTIVE BADGE 010-60-210-5110 76.42 Total : 76.42
131347 5/1/2018 0011920 ENVISIONWARE INC INV-US-35800 ENVISIONWARE SVC FOR LC 010-10-115-5110 1,049.33 Total : 1,049.33
131348 5/1/2018 0000158 FARM PUMP & IRRIGATION CO I0012370 12" ASB GASKET CUT RING, BOLT GR 5, USS 530-70-320-5110 233.86 I0012371 12" ASB GASKET CUT RING 530-70-320-5110 43.81
Page: 14 vchlist Voucher List Page: 15 04/26/2018 10:25:51AM City of Shafter
Bank code : 06
Voucher Date Vendor Invoice PO # Description/Account Amount
131348 5/1/2018 0000158 0000158 FARM PUMP & IRRIGATION CO (Continued) Total : 277.67
131349 5/1/2018 0005903 FERGUSON ENTERPRISES INC #1423 1356746 FLG SLNT GLOBE CHK VLV 530-00-660-0611 2,837.30 1357924 AIR & VAC VLV 530-70-320-5110 743.56 1359587 HYDRANT REPAIRS 530-70-320-5110 7,624.22 1359587-1 HYDRANT REPAIRS 530-70-320-5110 899.29 5882301 MCCF - 2 STAINLESS STEEL TOILETS 571-80-380-5152 1,049.16 Total : 13,153.53
131350 5/1/2018 0012171 FGL ENVIRONMENTAL 840727A WELL 14 GAC NITRATES WEEKLY 530-70-320-5220 195.00 840813A PV 123 TCP MONITORING 530-70-320-5220 207.00 840917A WELL 14 GAC NITRATES WEEKLY 530-70-320-5220 195.00 841103A WEEKLY NITRATES 530-70-320-5220 160.00 841291A BACTERIOLOGICAL WEEKLY TESTING 530-70-320-5220 189.00 Total : 946.00
131351 5/1/2018 0001111 FIDLER, DENNIS CAR CAR ALLOWANCE 010-50-250-4050 400.00 Total : 400.00
131353 5/1/2018 0000001 FLOYD'S STORES, INC 420995 VELCRO STRIP, NAILS, BLUE TOOL, 530-70-320-5110 40.04 420997 CREDIT RETURN 530-70-320-5110 -40.04 421084 MCCF ROOF REPAIRS FOR DORM 6 571-80-380-5152 99.01 421103 PVC, GALV BELL RED #2
Page: 15 vchlist Voucher List Page: 16 04/26/2018 10:25:51AM City of Shafter
Bank code : 06
Voucher Date Vendor Invoice PO # Description/Account Amount
131353 5/1/2018 0000001 FLOYD'S STORES, INC (Continued) 530-70-320-5110 30.95 421123 PAINTSHIELD, SPRAY PAINT 010-70-270-5110 21.29 421188 PVC 530-70-320-5110 17.01 421225 BRUSHES 010-70-270-5110 25.72 421226 LED FLASHLIGHT 530-70-320-5110 21.44 421245 SANDPAPER, TEKNOR ULTRA FLX 010-70-270-5110 4.80 421262 TEKNOR NEVERKINK HOSE 641-70-420-5110 26.80 421295 FLAG MARK GLO 010-70-270-5110 10.71 421310 CONCRETE MIX 530-70-320-5110 15.41 421341 PVC 530-70-320-5110 18.04 421356 WEED/BUB SPRYR, CONCRETE MIX 530-70-320-5110 31.71 421370 MICROFIBER AUTOCLOTH, TARP 530-70-320-5110 21.96 421375 VALVE BOX, PVC, VALVE 530-70-320-5110 65.56 421377 WRENCH, LOCK ENTRY, NET BASKETBALL 010-70-270-5110 51.45 421415 PVC, PIPE SEALANT, KNIFE, COUPLINGS, 530-70-320-5110 60.04 421457 PVC COUPLING, MOODY UNION PIPE REPAIR 530-70-320-5110 9.67 421472 INSECT ROSE + FLWR 24 OZ 641-70-420-5110 7.50 421510 TAPE RULE, SAW HOLE 641-70-420-5110 19.93 421518 MISC FASTENER, NUTS, BOLTS, WASHERS
Page: 16 vchlist Voucher List Page: 17 04/26/2018 10:25:51AM City of Shafter
Bank code : 06
Voucher Date Vendor Invoice PO # Description/Account Amount
131353 5/1/2018 0000001 FLOYD'S STORES, INC (Continued) 641-70-420-5110 2.92 421525 ROUNDUP, GATE LATCH 530-70-320-5110 27.08 421548 RSTP SPRY SAFETY YEL 15OZ 530-70-320-5110 11.56 421565 LEVEL TORPEDO, TAPE MEASURE 641-70-420-5110 24.65 421582 BLDG DEPT SUPPLIES 010-50-250-5110 22.50 421607 MCCF JANITORIAL SUPPLIES 571-80-380-5119 52.20 421632 PROPERTY ROOM SUPPLIES 010-60-210-5110 33.44 421639 CLEANR SIMPLE GREEN 641-70-420-5110 8.14 421667 ACE RSTP SPRY, BIT INSRT PWR 641-70-420-5110 16.48 421670 ACE RSTP SPRY SAFETY OR 010-70-290-5110 17.34 421696 EVAP COOLER PAD 641-70-420-5110 16.06 421714 RESID COOLER PUMP, ELIMINATOR SCALE, OIL 641-70-420-5110 40.29 421718 SOLDER ROSIN CORE 641-70-420-5110 10.71 421729 BLK POLY TUBE, COMP UNIO COMP TEE 530-70-320-5110 26.24 421741 VALVE BOX ROUND, WIRE CONN, CABLE 010-70-270-5110 85.78 421744 MCCF KITCHEN LOCKS 571-80-380-5152 30.01 421755 MISC FASTENER, COMP UNION 641-70-420-5110 5.83 421809 94 LB PORTLAND CEMENT 530-70-320-5110 14.47 421816 NUTS & BOLTS FOR LOCKER ASSEMBLY AT PD
Page: 17 vchlist Voucher List Page: 18 04/26/2018 10:25:51AM City of Shafter
Bank code : 06
Voucher Date Vendor Invoice PO # Description/Account Amount
131353 5/1/2018 0000001 FLOYD'S STORES, INC (Continued) 010-60-210-5200 8.99 421817 TOOLS FOR LOCKER ASSEMBLY AT PD 010-60-210-5200 6.84 421828 NUTS & BOLTS FOR LOCKER ASSEMBLY AT PD 010-60-210-5200 28.46 421849 FLEET SUPPLIES 010-60-210-5160 9.64 421853 SPRYKRYLON ALMOND, ACE BAG 55GAL 010-70-270-5110 16.07 421894 PROPERTY ROOM SUPPLIES 010-60-210-5110 25.63 421910 COOLER PADS FOR ANIMAL SHELTER 010-60-230-6850 57.82 421929 LIGHT FIXTURE PANEL FOR ANIMAL SHELTER 010-60-230-6850 22.06 421935 MOTOR FOR COOLER AT ANIMAL SHELTER 010-60-230-6850 127.61 421950 PULLEY FOR COOLER MOTOR AT ANIMAL 010-60-230-6850 12.86 421972 SUPPLIES TO HANG SIGNS AT CH 640-00-400-5200 9.94 421980 COOLER MAINTENANCE SUPPLIES AT AQUATICS 010-70-275-5110 9.30 421990 COOLER MAINTENANCE SUPPLIES AT PUBLIC 641-70-420-5200 48.86 422000 MCCF EMERGENCY LIGHTING HARDWARE 571-80-380-5152 19.29 Total : 1,408.07
131354 5/1/2018 0007397 FORREST, SUZANNE Z CAR CAR ALLOWANCE 010-40-160-4050 250.00 MEDICAL UNREIMBURSED MEDICAL 010-2145-60 720.01 MILEAGE MILEAGE REIMBURSEMENT LEAGUE OF CA 010-40-160-5180 135.16 REIMBURSEMENT REIMBURSE- PARKING 2018 PLANNING
Page: 18 vchlist Voucher List Page: 19 04/26/2018 10:25:51AM City of Shafter
Bank code : 06
Voucher Date Vendor Invoice PO # Description/Account Amount
131354 5/1/2018 0007397 FORREST, SUZANNE Z (Continued) 010-40-160-5180 30.00 Total : 1,135.17
131355 5/1/2018 0000662 FRANCHISE TAX BOARD 563645694 ACCOUNT NUMBER 563645694 010-2145-49 63.01 Total : 63.01
131356 5/1/2018 0000662 FRANCHISE TAX BOARD 558574834 ACCOUNT NUMBER 558574834 010-2145-49 9.96 Total : 9.96
131357 5/1/2018 0010114 FRANZ, DAVID CAR CAR ALLOWANCE 010-10-115-4050 400.00 Total : 400.00
131358 5/1/2018 0000293 GAS CO - SO CA GAS, THE 82026APR18 GAS CHARGES 010-60-230-5300 127.25 Total : 127.25
131359 5/1/2018 0001784 GILLIAM AND SONS, INC. 2208 HAULED 3/4 ROCK 010-70-290-5110 291.00 Total : 291.00
131360 5/1/2018 0000032 GRAINGER 9747796101 NOTICE SIGN, ALUMINUM 10 IN H X 7 IN W 010-70-290-5110 23.34 9747897750 BILING SFTY SGN, 10X7IN, BLK AND RD/WH 010-70-290-5110 25.99 Total : 49.33
131361 5/1/2018 0002187 GRANILLO, SYLVIA CAR CAR ALLOWANCE 535-20-330-4050 12.50 010-20-140-4050 237.50 MEDICAL UNREIMBURSED MEDICAL 010-2145-60 45.25 Total : 295.25
131362 5/1/2018 0001000 GREEN HOTEL, THE JAN - MAR THIRD QUARTER BILLING
Page: 19 vchlist Voucher List Page: 20 04/26/2018 10:25:51AM City of Shafter
Bank code : 06
Voucher Date Vendor Invoice PO # Description/Account Amount
131362 5/1/2018 0001000 GREEN HOTEL, THE (Continued) 010-10-100-5221 6,000.00 Total : 6,000.00
131363 5/1/2018 0012115 HARDCASTLE SPECIALTIES INC 29531 FIRE ALARM LIBRARY 010-10-115-5220 40.00 Total : 40.00
131364 5/1/2018 0000185 HARMON, KEVIN L. CAR CAR ALLOWANCE 530-70-320-4050 40.00 520-70-310-4050 40.00 010-70-290-4050 80.00 010-30-240-4050 200.00 010-10-125-4050 40.00 Total : 400.00
131365 5/1/2018 0000188 HELENA CHEMICAL CO 30018085 GAL + LIFELINE, GAL + SMOKE 010-70-270-5110 563.86 30018089 GAL + SURFLAN, OZ + MATRIX SG, QT + 010-70-270-5110 780.24 Total : 1,344.10
131366 5/1/2018 0011083 HILL THREADED PRODUCTS 172687 DYMATRON DRILL BITS, GRADE 5 C/S ZINC 010-70-290-5110 56.62 172949 HEX WASHERS, METRIC HEX, BUTT 010-70-290-5110 53.83 Total : 110.45
131367 5/1/2018 0000002 HITCHCOCK'S AUTO PARTS INC 7446-248829 NIF CTI CLASSES 641-70-420-5160 80.53 7446-249186 CONVEX MIRROR HEAD, LED LIGHT 525-70-300-5160 63.64 7446-249270 SPARK PLUG, NSX TURBO SAFE CLASS 525-70-300-5160 4.97 7446-249719 BATTERY 010-60-210-5160 159.18 7446-249721 CREDIT- BATTERY
Page: 20 vchlist Voucher List Page: 21 04/26/2018 10:25:51AM City of Shafter
Bank code : 06
Voucher Date Vendor Invoice PO # Description/Account Amount
131367 5/1/2018 0000002 HITCHCOCK'S AUTO PARTS INC (Continued) 010-60-210-5160 -159.18 7446-249865 MCCF VEHICLE PARTS/SUPPLIES 571-80-380-5160 17.03 7446-249920 MCCF - CREDIT - VEHICLE PARTS/SUPPLIES 571-80-380-5160 -17.03 7446-250462 FUEL FILTER 010-70-270-5160 2.34 7446-250546 MINIATURE LAMP 010-70-290-5160 3.22 7446-250863 HOSE CLAMP PLIERS 641-70-420-5110 31.20 7446-250926 STT LAMP, STT LAMP 010-70-270-5110 38.03 7446-250933 7 RV QUICK INSTALL, TRAILER CONNECTOR 010-70-270-5160 40.96 7446-250934 CONNECTOR 010-70-270-5160 31.50 7446-250947 OIL FILTER, OIL 5W20 FULL SYN 010-60-210-5160 47.49 7446-251024 1/2 IN HITCH PIN 010-70-270-5110 15.77 7446-251025 WIPER BLADE - 20 641-70-420-5160 17.14 7446-251029 CREDIT - 1/2 IN HITCH PIN 010-70-270-5110 -15.77 7446-251043 RECEIVER PIN 010-70-270-5110 15.12 7446-251044 OIL 10W30, LUBE 530-70-320-5110 15.60 7446-251085 1/2 FX3/4 M ADPT 530-70-320-5110 6.23 7446-251108 HOSE CLAMPS 010-70-290-5110 24.67 7446-251228 BLD RUN BLT 010-70-270-5160 45.50 7446-251247 OIL 5W20, AIR FILTER, OIL FILTER LD
Page: 21 vchlist Voucher List Page: 22 04/26/2018 10:25:51AM City of Shafter
Bank code : 06
Voucher Date Vendor Invoice PO # Description/Account Amount
131367 5/1/2018 0000002 HITCHCOCK'S AUTO PARTS INC (Continued) 010-60-210-5160 35.32 7446-251287 SWITCHTOGGLE, V BELT-UTILITY 641-70-420-5110 20.33 7446-251365 MCCF - FILTERS FOR SILVERADO P/U 571-80-380-5160 69.55 7446-251425 DEEP SKT 1/4DR 7MM, DEEP SKT 1/4DR 8MM 641-70-420-5110 7.49 7446-251463 BUSHING, FITTINGS, STREET TEE 641-70-420-5110 20.36 7446-251467 CREDIT - REMFG DOM P/S PUMP 010-70-290-5160 -80.44 7446-251468 CREDIT- STARTER-RMFD 010-60-210-5160 -11.80 7446-251489 BATTERY-GOLD, BATTERY-GOLD 010-70-270-5160 188.92 Total : 717.87
131368 5/1/2018 0013383 HOME DEPOT CREDIT SERVICES 1052339 COOLER PADS FOR PW BLDG 641-70-420-5200 15.49 010-60-230-6850 101.52 8543457 STAINLESS STEEL KICK PLATE & PUSH PLATE 641-70-420-5110 117.87 Total : 234.88
131369 5/1/2018 0006383 HURLBERT, SCOTT CAR CAR ALLOWANCE 010-10-110-4050 320.00 010-10-125-4050 80.00 MILEAGE MILEAGE REIMBURSEMENT CITY MANAGERS 010-10-110-5180 61.04 Total : 461.04
131370 5/1/2018 0013927 IBM CORPORATION 6809010653 MAAS360 MDM 50 1-YR SUB 650-00-500-5212 2,100.00 Total : 2,100.00
131371 5/1/2018 0000202 ICMA VANTAGEPOINT TRNSFR AGNTS, - 457 Ben431772 ICMA: PAYMENT
Page: 22 vchlist Voucher List Page: 23 04/26/2018 10:25:51AM City of Shafter
Bank code : 06
Voucher Date Vendor Invoice PO # Description/Account Amount
131371 5/1/2018 0000202 ICMA VANTAGEPOINT TRNSFR AGNTS, - 457 (Continued) 010-2145-52 11,525.58 Total : 11,525.58
131372 5/1/2018 0004174 JAMES, MICHAEL CAR CAR ALLOWANCE 530-70-320-4050 56.00 525-70-300-4050 20.00 520-70-310-4050 52.00 010-70-290-4050 52.00 010-70-270-4050 20.00 010-30-240-4050 180.00 575-75-390-4050 20.00 MEDICAL UNREIMBURSED MEDICAL 010-2145-60 29.10 MEDICAL UNREIMBURSED MEDICAL 010-2145-60 40.01 MEDICAL UNREIMBURSED MEDICAL 010-2145-60 41.53 MEDICAL UNREIMBURSED MEDICAL 010-2145-60 135.70 Total : 646.34
131373 5/1/2018 0000206 JASPAR & ASSOCIATES, DEE 18-03029 WELL 11 & 17 TCP TREATMENT SYSTEM 530-00-660-0639 66.95 18-03030 WELL 18 DEVELOPMENT PROJECT 530-00-660-0635 147.00 18-03031 WELL 16 TCP TREATMENT DESIGN 530-00-660-0643 66.71 18-03032 WELL 18 TCP TREATMENT DESIGN 530-00-660-0644 1,476.79 Total : 1,757.45
131374 5/1/2018 0003909 JBI OIL INC 258166 ERP DEMOS- LUNCH 010-20-140-5180 102.74 Total : 102.74
131375 5/1/2018 0001366 JEFFRIES BROS., INC 31982CT FUEL CHARGES
Page: 23 vchlist Voucher List Page: 24 04/26/2018 10:25:51AM City of Shafter
Bank code : 06
Voucher Date Vendor Invoice PO # Description/Account Amount
131375 5/1/2018 0001366 JEFFRIES BROS., INC (Continued) 010-60-210-5160 4,588.24 010-60-230-5160 432.12 Total : 5,020.36
131376 5/1/2018 0002948 JEFFRIES BROS., INC 1881891 MCCF - OIL CHANGE FOR 2007 FORD CROWN 571-80-380-5160 37.11 32024CT MCCF FUEL CHARGES 571-80-380-5160 1,604.99 Total : 1,642.10
131377 5/1/2018 0000209 JERRY & KEITH'S INC 01 282773 NON CHLORINE 641-70-420-5110 81.36 Total : 81.36
131378 5/1/2018 0005914 JIM'S TOWING SERVICE INC 215561 TRANSMISSION REPAIRS #116 525-70-300-5160 97.20 Total : 97.20
131379 5/1/2018 0009303 KARR, BRANDY REFUND REFUND-OVERCHARGED PARK FEES 010-00-3203-00 20.00 Total : 20.00
131380 5/1/2018 0014218 KERN CO WASTE MANAGEMENT MARCH FEES MARCH LANDFILL COSTS- REFUSE 525-70-300-5220 71.55 010-70-290-5220 7,651.59 Total : 7,723.14
131381 5/1/2018 0014379 KERN COUNTY SUPT OF SCHOOLS MAR 2018 SCHOOL FEES COLLECTED 010-2151-25 8,585.72 010-00-3231-00 -20.00 Total : 8,565.72
131382 5/1/2018 0000596 KERN FEDERAL CREDIT UNION Ben431774 CR UNION CREDIT UNION: PAYMENT 010-2145-53 2,125.62 Total : 2,125.62
131383 5/1/2018 0011309 KIMBALL MIDWEST 6272609 PAINT KO STRIPPER
Page: 24 vchlist Voucher List Page: 25 04/26/2018 10:25:51AM City of Shafter
Bank code : 06
Voucher Date Vendor Invoice PO # Description/Account Amount
131383 5/1/2018 0011309 KIMBALL MIDWEST (Continued) 010-70-290-5110 23.78 Total : 23.78
131384 5/1/2018 0001452 KISCO SALES, INC. 105143 GASKET, KIT O RING, DIAPHRGM 010-70-270-5220 222.01 Total : 222.01
131385 5/1/2018 0009473 KMB PEST MANAGEMENT 10075 PEST CONTROL 578-30-808-5220 285.50 578-1001-00 285.50 578-1001-99 -285.50 10165 PEST CONTROL 578-30-808-5220 285.50 578-1001-00 285.50 578-1001-99 -285.50 9303 PEST CONTROL 578-30-808-5220 285.50 578-1001-00 285.50 578-1001-99 -285.50 9401 PEST CONTROL 578-30-808-5220 285.50 578-1001-00 285.50 578-1001-99 -285.50 9689 PEST CONTROL 578-30-808-5220 285.50 578-1001-00 285.50 578-1001-99 -285.50 9693 PEST CONTROL 578-30-808-5220 285.50 578-1001-00 285.50 578-1001-99 -285.50 9918 PEST CONTROL 578-30-808-5220 285.50 578-1001-99 -285.50 578-1001-00 285.50 9996 PEST CONTROL
Page: 25 vchlist Voucher List Page: 26 04/26/2018 10:25:51AM City of Shafter
Bank code : 06
Voucher Date Vendor Invoice PO # Description/Account Amount
131385 5/1/2018 0009473 KMB PEST MANAGEMENT (Continued) 578-30-808-5220 285.50 578-1001-00 285.50 578-1001-99 -285.50 Total : 2,284.00
131386 5/1/2018 0002499 KNIGHT'S PUMPING & PORTABLE 29236AG FENCE RENTAL AT CORP YARD 575-75-390-5222 312.74 Total : 312.74
131387 5/1/2018 0000351 LOCAL GOV'T PUBLICATIONS 18-412 LONGTINS CA LAND USE 2D, 2018 UPDATE 010-40-160-5170 143.56 Total : 143.56
131388 5/1/2018 0003527 M & S SECURITY 19849 FIELD OFFICE ALARM MONITORING 3MO 640-00-400-5200 420.00 Total : 420.00
131389 5/1/2018 0003816 MACIAS JANITORIAL SERVICE APR ANNEX JANITORIAL SERVICES 640-00-400-5220 1,025.00 APR CH JANITORIAL SERVICES 640-00-400-5220 2,675.00 APR FANUCCHI JANITORIAL SERVICES 640-00-400-5220 150.00 APR LC JANITORIAL SERVICES 010-10-115-5220 1,600.00 APR YARD JANITORIAL SERVICES 010-70-270-5220 100.00 010-70-290-5220 100.00 530-70-320-5220 100.00 520-70-310-5220 100.00 525-70-300-5220 100.00 641-70-420-5220 100.00 Total : 6,050.00
131390 5/1/2018 0012552 MARRS ELECTRIC SERVICES 2527 HARTLEY ST PHOTO CELL 010-70-290-5220 135.00
Page: 26 vchlist Voucher List Page: 27 04/26/2018 10:25:51AM City of Shafter
Bank code : 06
Voucher Date Vendor Invoice PO # Description/Account Amount
131390 5/1/2018 0012552 MARRS ELECTRIC SERVICES (Continued) 2528 E ASH AVE FUSE REPLACED 010-70-290-5220 195.00 Total : 330.00
131391 5/1/2018 0001140 MATTHEW BENDER & CO INC 0130383X MCCF CONTRACT FOR LAW LIBRARY RENEWAL 571-80-380-5118 10,540.53 Total : 10,540.53
131392 5/1/2018 0012737 MAXIM STAFFING SOLUTIONS 5673190436 RN REGISTRY 571-80-380-5123 1,890.00 5686440436 RN REGISTRY 571-80-380-5123 1,620.00 5692230436 RN REGISTRY 571-80-380-5123 4,995.00 Total : 8,505.00
131393 5/1/2018 0009405 MEYER CIVIL ENGINEERING INC 8503 SOUTHEAST SHAFTER SEWER DESIGN PHASE I 220-00-660-0738 3,389.00 8504 SOUTHEAST SHAFTER SEWER DESIGN PHASE I 220-00-660-0738 4,094.00 8505 SOUTHEAST SHAFTER SEWER DESIGN PHASE I 220-00-660-0738 2,806.00 Total : 10,289.00
131394 5/1/2018 0012151 MEYER OHANNESON PROPERTIES LEASE LEASE AT 337 STATE ST CITY HALL ANNEX 010-10-115-5190 337.50 650-00-500-5190 1,012.50 Total : 1,350.00
131395 5/1/2018 0005265 MILLIGAN, RANDAL PER DIEM PER DIEM- MANAGING POLICE RECORDS IN CA 010-60-210-5180 22.00 Total : 22.00
131396 5/1/2018 0005276 MISAC 200001100 VMWARE 6.5 IC&M TRAINING 650-00-500-5180 2,795.00 Total : 2,795.00
Page: 27 vchlist Voucher List Page: 28 04/26/2018 10:25:51AM City of Shafter
Bank code : 06
Voucher Date Vendor Invoice PO # Description/Account Amount
131397 5/1/2018 0006248 MOORE MEDICAL LLC 99850274 MEDICAL SUPPLIES 571-80-380-5117 418.72 99855872 MCCF - MICROMASKS FOR OFFICERS 571-80-380-5110 315.05 571-80-380-5117 31.33 Total : 765.10
131398 5/1/2018 0009478 MUNICIPAL CODE CORPORATION 00306963 ELECTRONIC MUNI CODE SUPP 17 UPDATE 8 010-10-120-5220 82.09 Total : 82.09
131399 5/1/2018 0010993 NATIONAL METER & AUTOMATION S1096952.002 HRE 8 DIAL ENCODER 530-00-660-0602 3,897.94 Total : 3,897.94
131400 5/1/2018 0012121 NCS PEARSON INC V18030000070754 MCCF GED TESTING (21 INMATES) 571-80-380-5118 615.00 Total : 615.00
131401 5/1/2018 0012437 NEAL-SOBERANIS, BRITTNEY CAR CAR ALLOWANCE 010-10-125-4050 125.00 010-10-110-4050 125.00 Total : 250.00
131402 5/1/2018 0000256 NOR SANITARY DISTRICT #1 1713-JPA PRINCIPAL-OUTFALL LINE DEBT (JPA BOND 520-2500-00 60,846.50 520-70-310-5500 6,713.13 Total : 67,559.63
131403 5/1/2018 0000256 NOR SANITARY DISTRICT #1 1712-PCMA PRINCIPAL- SANTA FE REACH DEBT 520-2500-00 27,115.51 520-70-310-5500 7,932.49 Total : 35,048.00
131404 5/1/2018 0000256 NOR SANITARY DISTRICT #1 1715 MARCH FLOW 520-70-310-5225 29,599.20 Total : 29,599.20
Page: 28 vchlist Voucher List Page: 29 04/26/2018 10:25:51AM City of Shafter
Bank code : 06
Voucher Date Vendor Invoice PO # Description/Account Amount
131405 5/1/2018 0012873 NORTHWEST METROLOGY 513952 MCCF - CALIBRATION OF MEDICAL EQUIPMENT 571-80-380-5117 617.85 Total : 617.85
131406 5/1/2018 0000418 NORWEST ELECTRIC INC 303-16 STREET LIGHT REPAIR 010-70-290-5350 775.00 Total : 775.00
131407 5/1/2018 0007783 NUNLIST, RONALD MILEAGE MILEAGE REIMBURSEMENT PLANNING 010-40-160-5180 239.80 Total : 239.80
131408 5/1/2018 0007452 O'BRIEN, JOSEPH T XS80929I6E0P7 CELL PHONE EQUIPMENT REIMBURSEMENT 530-70-320-4050 200.00 Total : 200.00
131409 5/1/2018 0000021 OFFICE DEPOT BUSINESS SRVC 119629407001 OFFICE SUPPLIES 010-10-115-5110 83.20 119629801001 OFFICE SUPPLIES 010-10-115-5100 6.64 121284675001 OFFICE SUPPLIES 010-10-100-5220 13.40 123455937001 MCCF ADMIN OFFICE SUPPLIES 571-80-380-5100 354.36 571-80-380-5118 96.49 125191866001 OFFICE SUPPLIES 010-10-115-5100 73.99 125194844001 OFFICE SUPPLIES 010-10-115-5100 25.30 Total : 653.38
131410 5/1/2018 0011805 OLDREAD, JENNIFER PER DIEM PER DIEM- CGTF CONFERENCE 05/15-05/18/18 571-80-380-5180 281.00 Total : 281.00
131411 5/1/2018 0001434 OPEN AND SHUT ENTERPRISES 69609 MCCF GATE 2 & 6 OPERATOR CHECK 571-80-380-5152 360.00
Page: 29 vchlist Voucher List Page: 30 04/26/2018 10:25:51AM City of Shafter
Bank code : 06
Voucher Date Vendor Invoice PO # Description/Account Amount
131411 5/1/2018 0001434 0001434 OPEN AND SHUT ENTERPRISES (Continued) Total : 360.00
131412 5/1/2018 0009992 O'REILLY AUTOMOTIVE INC 2947-456331 1QT TRANSFLD #9 010-70-290-5160 19.59 2947-457072 WRENCH SET 641-70-420-5110 21.44 2947-457113 PERF FORMULA 530-70-320-5110 119.02 Total : 160.05
131413 5/1/2018 0014269 OXFORD, JEREMY S 042018 TUTORING CENTER INSTRUCTOR MARCH 2018 010-10-115-5220 500.58 Total : 500.58
131414 5/1/2018 0011867 PACIFIC TIRE 11070 REPAIR FLAT #T14 535-20-330-5160 15.00 11074 REPAIR FLAT #161 010-60-210-5160 15.00 11144 CHANGE TIRE- UNIT 92 010-60-210-5160 15.00 11201 MCCF REPAIR TIRES UNIT #217 571-80-380-5160 15.00 Total : 60.00
131415 5/1/2018 0012630 PAYMENTUS GROUP INC US18030201 CREDIT CARD PROCESSING UTILITY BILLS 530-70-320-5220 175.24 520-70-310-5220 87.63 525-70-300-5220 87.63 Total : 350.50
131416 5/1/2018 0014558 POLYGRAPH PROFESSIONALS 18-31 POLYGRAPHS- E.M, P.T. 010-60-210-5250 400.00 Total : 400.00
131417 5/1/2018 0014470 PRI MANAGEMENT GROUP TUITION TUITION- R.M. MANAGING POLICE RECORDS 010-60-210-5180 195.00 Total : 195.00
Page: 30 vchlist Voucher List Page: 31 04/26/2018 10:25:51AM City of Shafter
Bank code : 06
Voucher Date Vendor Invoice PO # Description/Account Amount
131418 5/1/2018 0000008 PRINCIPAL MUTUAL LIFE, #N13786-1 Ben431776 LIFE INS: PAYMENT 010-2145-48 4,140.80 571-80-380-4050 0.29 010-60-210-4050 -1.47 010-70-290-4050 0.28 571-80-380-4050 0.57 010-20-140-4050 0.28 571-80-380-4050 0.28 010-20-140-4050 0.28 571-80-380-4050 -1.47 010-60-210-4050 0.58 571-80-380-4050 55.39 010-60-210-4050 0.86 571-80-380-4050 1.98 010-60-210-4050 -20.28 Total : 4,178.37
131419 5/1/2018 0014270 PRINT CENTERS OFFICE INC 150 BULKY WASTE RECYCLING APRIL 21 525-70-300-5220 828.57 Total : 828.57
131420 5/1/2018 0007815 PRO FORCE LAW ENFORCEMENT 342775 MCCF - VEST FOR OFFICER MARQUEZ 571-80-380-5110 730.16 Total : 730.16
131421 5/1/2018 0004808 PTS RENTALS INC 26021 GENERATOR SVCS 641-70-420-5150 552.59 26022 GENERATOR SVCS 640-00-400-5150 759.07 26030 REPAIR GENERATOR @ GOSSAMER 520-70-310-5150 178.04 Total : 1,489.70
131422 5/1/2018 0010925 RAILWAY SIGNAL CONSTRUCTION 1763 MONTHLY CROSSING INSPECTION: MARCH 2018 575-75-390-5222 1,215.00 Total : 1,215.00
Page: 31 vchlist Voucher List Page: 32 04/26/2018 10:25:51AM City of Shafter
Bank code : 06
Voucher Date Vendor Invoice PO # Description/Account Amount
131423 5/1/2018 0000276 RICHLAND CHEVROLET 115085 THERMOSTAT KIT 530-70-320-5160 51.80 Total : 51.80
131424 5/1/2018 0011910 RICHLAND JUNIOR HIGH T-SHIRTS RJH HISTORY DAY T-SHIRTS 010-10-115-5220 80.00 Total : 80.00
131425 5/1/2018 0000285 RUSSELL (FRANK) MFG 732272 NON DEMURRAGE 641-70-420-5110 180.57 732287 NITRILE - XL 10 XPT 010-70-270-5110 2.41 732299 1/8 X 2 X 2" ANGLE 641-70-420-5110 103.15 732342 #31 ACET HOSE UNION 641-70-420-5110 4.32 732363 3 FLINT RENEWAL 641-70-420-5110 7.84 732378 HACKSAW BLADES 530-70-320-5110 129.04 732508 ROD PAK 525-70-300-5110 23.27 Total : 450.60
131426 5/1/2018 0003394 SAN JOAQUIN VALLEY UAPCD S138664 WELL 7 PERMIT FEE 530-70-320-5220 777.00 Total : 777.00
131427 5/1/2018 0010893 SANDOVAL CONSTRUCTION & EXCAVA 2129 MAINTENANCE @ EXPRESS AVE 575-75-390-5220 3,645.00 Total : 3,645.00
131428 5/1/2018 0014296 SCHULTZ, CHRISTOPHER CAR CAR ALLOWANCE 530-70-320-4050 50.00 525-70-300-4050 50.00 520-70-310-4050 50.00 010-70-290-4050 50.00
Page: 32 vchlist Voucher List Page: 33 04/26/2018 10:25:51AM City of Shafter
Bank code : 06
Voucher Date Vendor Invoice PO # Description/Account Amount
131428 5/1/2018 0014296 SCHULTZ, CHRISTOPHER (Continued) 010-70-270-4050 50.00 PER DIEM PER DIEM-ESRI WA/WW MTG 05/16/18 010-70-270-5180 5.50 530-70-320-5180 5.50 525-70-300-5180 5.50 520-70-310-5180 5.50 Total : 272.00
131429 5/1/2018 0007658 SEIU LOCAL 521 Ben431782 CCAPE PW: PAYMENT 010-2145-54 252.79 Total : 252.79
131430 5/1/2018 0008161 SHAFTER AIRPORT INVESTMENT LLC 165 VULTEE LEASE 165 VULTEE 010-10-125-5190 2,711.34 Total : 2,711.34
131431 5/1/2018 0003446 SHAFTER APPLE MARKET 14 PW LUNCH/ PW WEEK 530-70-320-5180 129.93 224 SHOP BREAKROOM SUPPLIES 641-70-420-5110 105.15 23 PW LUNCH/PW WEEK 530-70-320-5180 24.61 32 RETIREMENT LUNCH D G 010-10-110-5446 51.11 38 SHELTER VOLUNTEER APPRECIATION LUNCH 010-60-230-5110 74.15 4 BEVERAGE STOCK 640-00-400-5110 15.57 010-20-140-5180 162.32 48 ERP DEMOS- LUNCH 04/09/18 010-20-140-5180 45.99 53 ERP DEMOS LUNCH APRIL 16 010-20-140-5180 45.99 Total : 654.82
131432 5/1/2018 0013051 SHAFTER CORRECTIONAL Ben431784 SCOA: PAYMENT
Page: 33 vchlist Voucher List Page: 34 04/26/2018 10:25:51AM City of Shafter
Bank code : 06
Voucher Date Vendor Invoice PO # Description/Account Amount
131432 5/1/2018 0013051 SHAFTER CORRECTIONAL (Continued) 010-2145-54 940.00 Total : 940.00
131433 5/1/2018 0014560 SHAFTER FFA 36539 FLORAL CENTER PIECES FOR ADVANCE 010-10-115-5100 250.00 Total : 250.00
131434 5/1/2018 0000291 SHAFTER PARTS & SUPPLY INC 941333 MCCF GENERATOR BATTERY 571-80-380-5151 41.28 Total : 41.28
131435 5/1/2018 0000035 SHAFTER POLICE OFFICERS ASSN Ben431780 SPOA: PAYMENT 010-2145-54 1,040.00 Total : 1,040.00
131436 5/1/2018 0014509 SHAFTER WASCO PUBLISHING LLC 212 AMEND CUP 17-85 010-10-120-5140 75.00 213 CUP 18-100 010-10-120-5140 81.00 215 TEMP LAND USE 18-99 010-10-120-5140 81.00 216 ORD SUMMARY 704 010-10-120-5140 60.00 219 AD DRINKING WATER & WATER CONSERVATION 530-70-320-5220 467.50 525-70-300-5220 237.50 Total : 1,002.00
131437 5/1/2018 0000446 SHAFTER, CITY OF LOAN PMT REFUSE PRINCIPAL PMT ON LOAN 525-2500-00 4,252.02 525-70-300-5500 465.79 Total : 4,717.81
131438 5/1/2018 0012297 SHC SERVICES INC 1180015989 RN REGISTRY 571-80-380-5123 2,640.00 1180016732 RN REGISTRY
Page: 34 vchlist Voucher List Page: 35 04/26/2018 10:25:51AM City of Shafter
Bank code : 06
Voucher Date Vendor Invoice PO # Description/Account Amount
131438 5/1/2018 0012297 SHC SERVICES INC (Continued) 571-80-380-5123 1,320.00 Total : 3,960.00
131439 5/1/2018 0012524 SIKES, DE'ANNA REIMBURSEMENT EMPLOYEE - TEACHING ENGLISH LANGUAGE 571-80-380-5180 600.00 Total : 600.00
131440 5/1/2018 0004457 SIMPLEXGRINNELL 84127124 MCCF REPAIRS ON/REPLACED GRAPHIC CARD. 571-80-380-5152 1,935.50 Total : 1,935.50
131441 5/1/2018 0013737 SITEONE LANDSCAPE SUPPLY LLC 84952790 PVC PIPE BE 010-70-270-5110 320.86 85081743 MP ROTATOR, VALVES, COUPLING, PVC 010-70-270-5110 1,088.37 Total : 1,409.23
131442 5/1/2018 0012276 SOAPMAN OF KERN COUNTY PBE INC 49115 DISINFECTANT, GRAFFITI REMOVER 010-70-270-5110 139.43 49116 LEATHER PALM GLOVES, WD40 641-70-420-5110 43.97 49192 MARKING BLUE PAINT 530-70-320-5110 57.92 49193 TRASH LINERS, DEGREASER 641-70-420-5110 114.76 Total : 356.08
131443 5/1/2018 0003608 SOILS ENGINEERING INC 28114 MATERIAL TESTING & INSPECTION SVCS FOR 530-00-660-0639 723.20 Total : 723.20
131444 5/1/2018 0000448 SONITROL 1316137-IN CH INTRUSION MONITORING 3MO 640-00-400-5200 774.00 550-75-350-5221 507.00 640-00-400-5200 264.00 010-10-115-5220 315.00
Page: 35 vchlist Voucher List Page: 36 04/26/2018 10:25:51AM City of Shafter
Bank code : 06
Voucher Date Vendor Invoice PO # Description/Account Amount
131444 5/1/2018 0000448 0000448 SONITROL (Continued) Total : 1,860.00
131445 5/1/2018 0010116 SSD SYSTEMS 1326434-A ALARM SVC MAY 2018 010-60-230-5110 75.67 Total : 75.67
131446 5/1/2018 0000704 ST OF CA DEPT OF CONSERVATION 1ST QTR SMI FEES 010-2151-26 2,639.38 010-00-3231-00 -131.96 Total : 2,507.42
131447 5/1/2018 0000660 ST OF CA DEPT OF TRANSPTN SL180757 SIGNAL LIGHT MAINTENANCE: JAN 2018- MAR 010-70-290-5340 3,004.71 Total : 3,004.71
131448 5/1/2018 0003085 STERICYCLE INC 3004202521 MCCF MEDICAL WASTE 571-80-380-5117 930.73 Total : 930.73
131449 5/1/2018 0011283 STERLING BUSINESS SERVICES INC 19422 A/P & P/R CHECK STOCK 010-20-140-5100 224.21 Total : 224.21
131450 5/1/2018 0000452 STINSON STATIONERS 780224-0 SUPPLIES 010-60-230-5110 155.80 780224-1 SUPPLIES 010-60-230-5110 47.67 Total : 203.47
131451 5/1/2018 0006132 SUN COUNTRY FLOWERS 26972 MCCF PLANT FOR: JOHN MONTEZ 571-80-380-5100 64.34 27070 MCCF PLANT FOR OFFICER BARAJAS 571-80-380-5100 53.61 Total : 117.95
131452 5/1/2018 0013758 SUNBELT RENTALS INC 77537355-0001 TRENCHER RENTAL 530-70-320-5220 355.61
Page: 36 vchlist Voucher List Page: 37 04/26/2018 10:25:51AM City of Shafter
Bank code : 06
Voucher Date Vendor Invoice PO # Description/Account Amount
131452 5/1/2018 0013758 0013758 SUNBELT RENTALS INC (Continued) Total : 355.61
131453 5/1/2018 0000937 SYSCO FOOD SERVICES OF VENTURA 179457347 KITCHEN SUPPLIES 571-80-380-5119 655.57 179457348 FOOD 571-80-380-5114 3,660.98 179457349 KITCHEN SUPPLIES 571-80-380-5119 840.27 179457350 FOOD 571-80-380-5114 173.45 179461102 FOOD 571-80-380-5114 218.64 179461103 FOOD 571-80-380-5114 391.25 179461104 FOOD 571-80-380-5114 9,783.69 179463730 KITCHEN/JANITORIAL SUPPLIES 571-80-380-5119 655.57 179463731 KITCHEN SUPPLIES 571-80-380-5119 849.98 179463732 FOOD 571-80-380-5114 3,814.03 179467447 FOOD 571-80-380-5114 11,919.53 179467448 KITCHEN SUPPLIES 571-80-380-5119 179.71 179467449 FOOD 571-80-380-5114 223.34 Total : 33,366.01
131454 5/1/2018 0000298 TAG/AMS, INC 2732508 EMPLOYEE RANDOM DRUG TESTING- D.F. 641-70-420-5220 164.00 Total : 164.00
131455 5/1/2018 0000030 TERMINIX INTERNATIONAL 374046830 PEST CONTROL 010-10-115-5200 49.00 374174082 PEST CONTROL
Page: 37 vchlist Voucher List Page: 38 04/26/2018 10:25:51AM City of Shafter
Bank code : 06
Voucher Date Vendor Invoice PO # Description/Account Amount
131455 5/1/2018 0000030 TERMINIX INTERNATIONAL (Continued) 640-00-400-5200 76.00 374208911 PEST CONTROL 010-70-275-5110 56.00 374213617 MCCF PEST CONTROL SERVICE FOR MARCH 2018 571-80-380-5119 238.00 Total : 419.00
131456 5/1/2018 0003459 THE BULK YARD INC 10688 CLAY DIRT- KIRSCHENMAN PARK 010-70-270-5110 2,700.77 Total : 2,700.77
131457 5/1/2018 0010924 TORRES, MARCOS PER DIEM PER DIEM- ESRI WA/WW MTG 05/16/18 520-70-310-5180 7.33 530-70-320-5180 7.33 525-70-300-5180 7.34 Total : 22.00
131458 5/1/2018 0012655 TOTAL PROCESS SOLUTIONS LLC 30600 TANK 1 BOOSTER PUMP REPAIRS 530-00-660-0611 1,496.52 Total : 1,496.52
131459 5/1/2018 0012660 TRAFFIC MANAGEMENT INC 409100 BARRICADE RENTAL 010-70-290-5110 348.12 413377 SIGNS 010-70-290-5110 1,388.90 Total : 1,737.02
131460 5/1/2018 0010282 TRANS-WEST SECURITY SERVICES 10144847 VETS HALL GUARD 08/12/17 60TH PARTY 010-2151-22 154.35 10145835 VETS HALL GUARD 10/21/17 15TH BDAY PARTY 010-2151-22 308.70 Total : 463.05
131461 5/1/2018 0012272 TYCO INTEGRATED SECURITY LLC 30393513 QTRLY FIRE SUPPRESSION SYSTEM 010-60-210-5200 186.17 Total : 186.17
Page: 38 vchlist Voucher List Page: 39 04/26/2018 10:25:51AM City of Shafter
Bank code : 06
Voucher Date Vendor Invoice PO # Description/Account Amount
131462 5/1/2018 0004793 U S DEPT OF EDUCATION GARNISHMENT ACCT# 1016278758 010-2145-49 79.91 Total : 79.91
131463 5/1/2018 0000305 U S LATEX PRODUCTS 95939 LATEX GLOVES 010-60-210-5110 527.50 Total : 527.50
131464 5/1/2018 0012238 VALENTI, MARY EXAM PRE EMPLOYMENT EVALUATION POLICE 010-60-210-5250 400.00 Total : 400.00
131465 5/1/2018 0009559 VARNER BROS INC 152094 GOSSAMER GROVE TRASH MARCH 2018 525-70-300-5220 5,031.60 Total : 5,031.60
131466 5/1/2018 0007021 VERIZON WIRELESS 9804289022 CELL PHONES CHARGES 010-60-230-5120 38.01 010-10-110-5120 152.04 650-00-500-5120 228.28 571-80-380-5120 38.01 010-60-210-5120 605.40 010-70-270-5120 38.01 530-70-320-5120 77.69 530-70-320-5300 519.34 9804289023 PD MDC SERVICES 010-60-210-5120 620.44 Total : 2,317.22
131467 5/1/2018 0011361 WESTCOAST HYDRAULICS 24693 WIDE WEAR RING, PISTON SEAL, O RINGS, 525-70-300-5160 267.45 24730 WIPER, BUFFER SEAL, POLY PACK, O RING, 525-70-300-5160 341.66 Total : 609.11
131468 5/1/2018 0000431 WESTERN STATE DESIGN, INC 0404477-IN MCCF LAUNDRY WASHER PARTS 571-80-380-5152 592.71
Page: 39 vchlist Voucher List Page: 40 04/26/2018 10:25:51AM City of Shafter
Bank code : 06
Voucher Date Vendor Invoice PO # Description/Account Amount
131468 5/1/2018 0000431 0000431 WESTERN STATE DESIGN, INC (Continued) Total : 592.71
131469 5/1/2018 0005767 WIEBE, BOB MILEAGE MILEAGE REIMBURSEMENT PLANNING 010-40-160-5180 220.18 Total : 220.18
131470 5/1/2018 0012344 WIGGINS, SCOTT CAR CAR ALLOWANCE 650-00-500-4050 400.00 Total : 400.00
131471 5/1/2018 0000845 WILKINS, KAREN CAR CAR ALLOWANCE 010-10-135-4050 250.00 Total : 250.00
131472 5/1/2018 0009515 WILLIAMS CLEANING SYSTEMS INC 604869 NOZZLES, COUPLERS 010-70-270-5110 46.92 Total : 46.92
131473 5/1/2018 0000273 WILSON, CHRISTINE CAR CAR ALLOWANCE 010-10-110-4050 187.50 010-10-120-4050 62.50 MEDICAL UNREIMBURSED MEDICAL 010-2145-60 159.47 Total : 409.47
131474 5/1/2018 0001495 WITCHER ELECTRIC INC 34314AA GOSSAMER GROVE & 7TH STANDARD SEWER 520-70-310-5220 622.56 Total : 622.56
131475 5/1/2018 0000398 YOSHIKAWA, PHILIP Y MEDICAL UNREIMBURSED MEDICAL 010-2145-60 667.79 Total : 667.79
131476 5/1/2018 0010690 ZERVIS, JIM CAR CAR ALLOWANCE 535-20-330-4050 40.00 010-20-140-4050 340.00 010-10-125-4050 20.00 MEDICAL UNREIMBURSED MEDICAL
Page: 40 vchlist Voucher List Page: 41 04/26/2018 10:25:51AM City of Shafter
Bank code : 06
Voucher Date Vendor Invoice PO # Description/Account Amount
131476 5/1/2018 0010690 ZERVIS, JIM (Continued) 010-2145-60 740.00 MILEAGE MILEAGE REIMBURSEMENT REV & TAX MTG 010-20-140-5180 61.04 Total : 1,201.04
201 Vouchers for bank code : 06 Bank total : 985,871.79
Page: 41 vchlist Voucher List Page: 42 04/26/2018 10:25:51AM City of Shafter
Bank code : 07
Voucher Date Vendor Invoice PO # Description/Account Amount
200383 5/1/2018 0011709 BLICK ART MATERIALS 9236625 IWF - ART SUPPLIES FOR INMATES 772-80-780-5110 78.92 9253641 IWF - ART SUPPLIES FOR INMATES 772-80-780-5110 30.01 Total : 108.93
200384 5/1/2018 0005153 BRIGHT HOUSE NETWORKS LLC 063502101033118 IWF CABLE SERVICE FOR INMATES 772-80-780-5104 115.11 Total : 115.11
200385 5/1/2018 0007693 FOOD EXPRESS USA ARCRN249910 CREDIT - CANTEEN SUPPLIES 772-80-780-5001 -230.40 INV4585647 IWF - CANTEEN SUPPLIES 772-80-780-5001 2,454.12 INV4708890 IWF - CANTEEN SUPPLIES 772-80-780-5001 7,623.00 INV4721410 CANTEEN SUPPLIES 772-80-780-5001 7,442.00 Total : 17,288.72
200386 5/1/2018 0000446 SHAFTER, CITY OF APR 18 CNTN SUP COSTS 04/30/18 772-2200-01 7,017.66 Total : 7,017.66
200387 5/1/2018 0009848 UNION SUPPLY COMPANY INV4585645 IWF CANTEEN SUPPLIES 772-80-780-5001 1,053.06 INV4721412 CANTEEN SUPPLIES 772-80-780-5001 126.50 Total : 1,179.56
5 Vouchers for bank code : 07 Bank total : 25,709.98
Page: 42 vchlist Voucher List Page: 43 04/26/2018 10:25:51AM City of Shafter
Bank code : 08
Voucher Date Vendor Invoice PO # Description/Account Amount
500691 4/13/2018 0014537 RUIZ, DANIEL F57117 RUIZ IM PAROLING ON: 04/19/18 775-2150-00 400.70 Total : 400.70
500692 4/13/2018 0014538 DRAKE, SANTI BD8716 DRAKE IM PAROLING ON: 04/23/18 775-2150-00 135.25 Total : 135.25
500693 4/13/2018 0014539 LARIN, VLAD BC1392 LARIN IM PAROLING ON: 04/22/18 775-2150-00 217.85 Total : 217.85
500694 5/1/2018 0014540 ADAMS, JESSICA AV1120 WADE I/M SEND TO FAMILY 775-2150-00 50.00 Total : 50.00
500695 5/1/2018 0014541 BINKLEY, RHONDA MARIE AY6667 BIONDO I/M SEND TO FAMILY 775-2150-00 100.00 Total : 100.00
500696 5/1/2018 0014542 CAMINO, EMMANUEL AF2436 AF2436 CAMINO I/M TRNSF TO CORCORAN ON 4/11/18 775-2150-00 156.65 Total : 156.65
500697 5/1/2018 0014553 CANCINOREYES, DAVID G20833 G20833 CANCINOREYES I/M TRNSF ON 4/18/18 TO CORCORAN STATE 775-2150-00 127.85 Total : 127.85
500698 5/1/2018 0014543 COOK, DOUGLAS BE3183 BE3183 COOK I/M TRNSF TO WSP ON 3/06/18 775-2150-00 0.15 Total : 0.15
500699 5/1/2018 0014555 CUELLAR, MICHAEL AD1135 AD1135 CUELLAR I/M TRNSF ON 4/20/18 TO CORCORAN STATE 775-2150-00 81.70 Total : 81.70
500700 5/1/2018 0014544 GARCIA, AUGUSTINE AY2928 AY2928 GARCIA I/M TRNSF TO CORCORAN 4/11/18 775-2150-00 40.34
Page: 43 vchlist Voucher List Page: 44 04/26/2018 10:25:51AM City of Shafter
Bank code : 08
Voucher Date Vendor Invoice PO # Description/Account Amount
500700 5/1/2018 0014544 0014544 GARCIA, AUGUSTINE AY2928 (Continued) Total : 40.34
500701 5/1/2018 0014556 GLADDEN, BRIAN AW0470 AW0470 GLADDEN I/M TRNSF ON 4/16/18 TO CORCORAN STATE 775-2150-00 25.72 Total : 25.72
500702 5/1/2018 0014550 GRANADOS, ROBERT AT0462 AT0462 GRANADOS I/M TRNSF TO CORCORAN STATE PRISON ON 775-2150-00 300.24 Total : 300.24
500703 5/1/2018 0014554 GREEN, AZURE AR4927 SAGASTA I/M PAY FOR RELIGIOUS AMULET 775-2150-00 17.00 Total : 17.00
500704 5/1/2018 0014551 GUARELLO, OSCAR AV5363 AV5363 GUARELLO I/M TRNSF TO CORCORAN STATE PRISON ON 775-2150-00 0.18 Total : 0.18
500705 5/1/2018 0014545 LOGAN, DEWAYNE BD3833 BD3833 LOGAN I/M TRNSF TO WSP ON 3/09/18 775-2150-00 0.24 Total : 0.24
500706 5/1/2018 0014546 MATTOX, TYREKO AV0609 AV0609 MATTOX I/M TRNSF TO WSP ON 4/10/18 775-2150-00 5.45 Total : 5.45
500707 5/1/2018 0014547 MEDINA, RICARDO AV7935 AV7935 MEDINA I/M TRSNF TO CORCORAN STATE PRISON ON 775-2150-00 43.21 Total : 43.21
500708 5/1/2018 0014548 MILLAN, DAVID G68374 G68374 MILLAN I/M TRNSF TO CORCORAN STATE PRISON ON 775-2150-00 21.15 Total : 21.15
500709 5/1/2018 0014549 MIMS, GARY F23052 F23052 MIMS I/M TRNSF TO TAFT MCCF ON 4/12/18 775-2150-00 87.73 Total : 87.73
Page: 44 vchlist Voucher List Page: 45 04/26/2018 10:25:51AM City of Shafter
Bank code : 08
Voucher Date Vendor Invoice PO # Description/Account Amount
500710 5/1/2018 0000446 SHAFTER, CITY OF BD8249 STEPHENS I/M PAY FOR NOTARY SERVICE AT SMCCF 775-2150-00 10.00 Total : 10.00
500711 5/1/2018 0014552 VILLEGAS, ALEJANDRO BE2005 BE2005 VILLEGAS I/M TRNSF TO CORCORAN STATE PRISON ON 775-2150-00 7.33 Total : 7.33
500712 5/1/2018 0014557 ZARAGOZA, JESUS AV3892 AV3892 ZARAGOZA I/M TRNSF ON 4/20/18 TO CORCORAN STATE 775-2150-00 0.82 Total : 0.82
22 Vouchers for bank code : 08 Bank total : 1,829.56
228 Vouchers in this report Total vouchers : 1,013,411.33
This voucher register approved by the City Council for the period and amount herein referenced.
CERTIFIED BY
MAYOR ______
MEMBER ______
MEMBER ______
MEMBER ______
MEMBER ______
Page: 45 PyBatch Payroll Processing Report Page: 102 0412412018 l0:06:004M City of Shafter 4n612A18 to 4130/2018-2 Gycle s
EARNINGS SECTION DEDUCTIONS SECTION LEAVE SECTION Type Hours/units Rate Amount Src Plan Base Waqes Deduction BenefiUCont LvPlan Accrued Taken Banked Lost
Grand 18,402.92 496,494.18 138,246.07 148,236.63 Gross: 496,494.18 Totals Net: 358,248.11 << No Errors / 1 Warning >>
BY:
Page: 102 clearwaEer
TreasureÊs Report City-Total Portfolio (837 45) Month End (MB Y201 B) 02101t201 B - 02t28t2018 Dated: 0412312018 Locked Down c Eer Table of Contents Dated:0412312018
GAAP Financials (City-Total Portfolio (83745)) I Risk Concentration Summary - TR (City-Total Portfolio (83745)) 3 lnvestment Activity - TR (City-Total Portfolio (83745)) 4 lnvestment Returns - TR (City-Total Portfolio (83745)) 5 Cumulative Investment Returns - TR (City-Total Portfol¡o (ffi7a5)) 6 Index Comparison (City-Total Portfolio (83745)) 7 Investment Portfolio Detail - TR (City-Total Portfolio (83745)) 10 lnvestment Policy Compliance Summary - TR (City-Total Portfolio (83745)) 12 Investment Policy Voilations - TR (City-Total Portfolio (83745)) 13
Credit Events - TR (City-Total Portfolio (ffi7a5)) 14 GAAP Financials City-Total Portfol io (837 45)
021 0 1 I 201 8 - 02t 28 I 201 8 Return to Table of Contents Daled:0412312018
Balance Sheet C¡ty-Total Potfol¡o C¡ty-CDA@unt City - LAIF C¡ty - UBS Brckerege As of: 01/31/2018 02J28/2018 01/31/2018 02128/2018 01/31/2018 02/28/2018 01/31/2018 02/282.018 Orig¡nal Cost less Due 71,978,384.97 lO,øZ¿,¿¿O.Ai 4,669,000.00 4,570.000.00 13,403,852.39 1 1,903,852.39 200,000.00 200,000.00 Net Accumulated Amortizatìon/Accretion -153,622.68 -167,626.22 0.00 0.00 0.00 0.00 0.00 0.00 Net Accumulated OTTI Book Value less Due 71,824,762.2A 70,456,814.63 4,669,000.00 4,570,000.00 13,403,852.39 'I t,903,852.39 200,000.00 200,000.00 Due and Accrued 1Ê54t4 11 21î \q2 1^ 38.300.69 43.695.03 000 000 296 03 2\ ¿^
Book Value + Accrued 72,1 90,586.39 70,667,366.79 4,707,300.69 4,613,695.03 13,403,852.39 1 1,903,852.39 200,286.03 200,256.44 Net Unrealized Gain/Loss -At7 4A 15 -aq2 2îq Àa ônn 000 000 o of) ooo Market Value + Accrued 71,363,040.25 69,71 5,1 60.92 4,707,300.69 4,613,695.03 '13,403,852.39 I I,903,852.39 200,286.03 200,256.44
lncome Statement C¡ty-Total Pot#ol¡o City-CDA@unt C¡ty - LA|F C¡ty - UBS Brckerege Beg¡n Date 0401/2018 Beg¡n Date 02101nü8 Beg¡n Date 02101/201 I Begin Date 02J01nu8 End Date 02/28/2q18 Fnd Date 0212.8/2018 End Data 02/242U8 End Date 02/2A/2018 Net Amortiæt¡on/Accretion lncome - 14,003.53 0.00 0.00 0.00 lnterest lncome 92,177.53 7,251.69 0.00 276.16 Div¡dend lncome 0.00 0.00 0.00 0.00 Foreign Tax Withheld Expense 0.00 0.00 0.00 0.00 Misc lncome 0.00 0.00 0.00 0.00 lncome Subtotal 92,177.53 7,251.69 0.00 276.16 Net Realized Gâ¡n/Loss 0.00 0.00 0.00 0.00 lmpairment Los 0.00 0.00 0.00 0.00 Net Ga¡n/Loss 0.00 0.00 0.00 0.00 Expense -230.50 0.00 0.00 0_00 Net lncome 77,943.49 7,251.69 0.00 276.16
Transfers ln/Out -1,601,1 63.1 0 -100,857.35 -1,500,000.00 -305.75 Change in Unrealized Ga¡n/Loss -124,659.72 0.00 0.00 0.00
Statement of Cash Flows C¡ty-Total Potlfolio CW - CD Account C¡ty - LAIF C¡ty - UBS Brckerage Beg¡n Date 02/01nU8 Begin Date 02/01/2018 Beg¡n Date 0au/2018 Beg¡n Date 02/01/2018 End Date 02/28nü8 End Date 02/28/2018 End Pate 0212.v2018 End Date 02n8/2018 Net lncome 77,943.49 7,251.69 0.00 276.16 Amortiætion/Accretion on MS 14,003.53 0.00 0.00 0.00 Change ¡n Accrued on lVlS 1 60,198.37 467.92 0.00 29.59 Net Gain/Loss on MS 0.00 0.00 0.00 0.00 Change ¡n Unreal¡zed G/L on CE 0.00 0.00 0.00 0.00 Subtotal 174,201.91 -467.92 0.00 29.59 Purchase of MS 0.00 0.00 0.00 0.00 Purchased Acmed of MS 0.00 0.00 0.00 0.00 Sales of MS 0.00 0.00 0.00 Sold Accrued of MS 0.00 0.00 0.00 0.00 l\¡aturit¡es of MS 0.00 0.00 0.00 0.00 Net Purchasês/Selês 3,197.15 0.00 0.00 0.00 Transfeß of Cash & CE Total Change ¡n Cash & CE -1,345,820.55 -94,073.58 1,500,000.00 0.00 Beg¡nning Cash & CÊ
End¡ng Cash & CE 13,232,433.15 8,758.07 1 1,903,852.39 0.00 GAAP Financials City-Total Portfolio (83745) 02t 01 I 20 1 8 - O2t28 I 201 8 Return to Table of Contents Daled:0412312018
Balance Sheet C¡ty - US Bilk - Cash C¡ty - US Bilk - Safekeep¡ng As of: Øß1nØ8 02/2U2018 üß1nü8 02/2U2018 Or¡ginal Cost less Due 1,071,569.66 1,319,422.69 52,633,962.92 52,630,765.76 Net Accumu¡ated Amortization/Aæretion 0.00 0.00 -153,622.68 -167,626.22 Net Accumulated OïTl Book Value less Due 1,07 1,569.66 1,319,822.69 52,480,340.23 52,463,139.55 Due and Accrued 327 237 40 166 600 69 Book Value + Accrued 1,071,569.66 1319,422.69 52,807,577.63 52,629,740.24 Net l-Jnreal¡zed Gain/Loss ônn nôô 1,071,569.66 1,319,822.69 51,980,031.48 51,677,534.38
lncome Statement C¡ty - US Bank - Cash C¡ty - US Bank - Safekeep¡ng Beg¡n Date 02101/2018 Beg¡n Date 0AU/2018 ÊndDate 042U2018 FldDate 02/28n018 Net Amort¡zat¡on/Accretion lncome 0.00 -14,003.53 lnterest lncome 0.00 84,649.68 D¡vidend lncome 0.00 0.00 Foreign Tax Withheld Expense 0.00 0.00 Misc lncome 0.00 0.00 lncome Subtotal 0.00 84,649.68 Net Real¡zed Gain/Loss 0.00 0.00 lmpaiment Loss 0.00 0.00 Net Ga¡n/Loss 0.00 0.00 Expense -230.50 0.00 Net lncomê -230.50 70.646.14
Transfeß ln/Out 248,483.53 -248,483.53 Change ¡n Unrealized Gain/Loss 0.00 -124.659.72
Statement of Gash Flows C¡ty - US Bilk - Cash City - US Bilk - Safekeeping Begin Data 02/01/¿018 Beg¡n Date 02/012018 End Dâlè O2DA/2O18 EndDate 022il2018 Net ¡ncome -230.50 70,646.14 Amortiætion/Accretion on MS 0.00 '14,003.53 Change ¡n Accrued on MS 0.00 160,636.70 Net Gain/Loss on MS 0.00 0.00 Change ¡n Unrealized G/L on CE 0.00 0.00 Subtotal 0.00 174,640.24 Purchase of MS 0.00 0.00 Purchased Amed of MS 0.00 0.00 Sales of MS 0.00 3,197_15 Sold Accrued of NIS 0.00 0.00 ¡/atur¡t¡es of MS 0.00 0.00 0.00 3,197.'15 Transfeß of Cash & CE Total Change ¡n Cash & CÊ 248,253.03 0.00 Beg¡nning Cash & CE End¡ng Cash & CE 1,319,822.69 0.00
2 Eer Risk Concentration Summary - TR City-Total Portfolio (837 45)
021 01 I 20 1 8 - 02128 I 201 8 Return to Table of Contents Dated:0412312018
% Concentration by Security Type % Concentration by Market Sector % Concentration by lssuer
GNI,IA fortgâge Bætêd Ollþl cÂsH l.,JF (17.O75t]/, BOND (2.85!r%f (26.3rX¡%l Tænto (31¡.51¡re6) Bank (2.08!r%l lonal A$tral¡a HUITI lndustrìål rk Umltsd (2.f17%] {8.ß5%',t 112.126%l l¡at¡on ¡lpac Banling rllFuND poEdon (2.869%) ¡lslgage A$( (17.07sW Evm rporat¡on (2.EZl%)
ca3h ,peEüwe FâmCG (r8.98r%) - lL91%l BanlG Fundlng Cl EIHæL@n Calltmla, Stato CorpoEdon (3.273e¿l or (7.426%l (25.rl1:¡ù |age çtúut¡ (26.3rr3%) AFpb lnc. Unitsd Stat€6 (3"29f%) 1121%l
f)i\aa aallulaie4 ú) Eês? \,)atrel \alre + Aiart-i--d Chê'1 ¡ral.rrrl:ì1ç.i irr¡r 3as,. if¿ikei vÞ iie * Àccred Ctiâti .aelcujâ!.cat il) l)esq ir4âricl Íeiut - AcctuÊ1i
0/6 o/6 Secuñty TWe Base Ma*et Value + Aærued of Base Market Sector Base ilafuet Value + Aærued Yo of fuse Matket lssuer Concentrat¡on Base Market Value + of Base Value + Accru9d^rtad 69,715,160.92 100.0000/0 69,71s,i60.92 100.000% 69,715,160.92 100.000% 3 lnvestment Activity - TR City-Total Portfolio (83745) Base Cu usD 02101/2018 - 02t28t2018 Return to Table of Contents Daled:0412312018 * Dos not Lock Dryn. Transaction TyF Dasüiil¡on ldentifrer CouW Yieldto Matutv Date F¡nalMatw Base Orig¡nal Un¡ß Ptice -***** a"";prrJip"t - - ,*f?-r9"".. - lnvestme¡t Fund SHAFTERLAIF "' .-9_q," ,.. ..-.. . .-.. ..,. .!9$1.ôg9ll9) . 9.099 . 02t?:8t?o1.8 z,ooo,oæ.0ò 1.000 i,ooo,ooo.oo .P-.!¡c¡p9l P?ygqvrl G2 004636 36202FEH5 4.500 3.361 02t01t2018 '. o2t2ot2o4o 0.00 -2,957.05 .?ri¡!!p,91P..?y_d_qr¡ . G-ry394994 36203NKF4 7.500 5.981 02101/20-18 o't15t2023 0_00 -'t.3e .Princ¡p-alP.ãy-dow- c2004649 36202FEW2 4.500 o2to1t2018 03t20t2040 0.00 -234.7'l Sell Local - Agency lnvesfnent Fund SHAFTERLAIF 0.000 - 0210712018 o2t28t2018 -3.500.000.00 1.000 -3,500,000.00 0.003 3.362 03/05r20.t8 -1.5{10.000.00 -- :Ls9:-!-e-7:!f * * * Transact¡on Type = Sell. Showing transact¡ons with Trade Date wilh¡n selected date Enge. Weighted by: Absolute Value of Base Principal. MMF tEnsactjons aE collapsed. due to the¡r dynam¡c nature we do not reæmmend using them for bæking joumal entries or reæncil¡at¡on. 4 Investment Returns - TR City-Total Portfolio (83745) Base Currency: USD As of Q212812018 Return to Table of Contents Dated: 0412312018 1"5% 1.Beh 1.0% 0_er8% c 0.5o/o :f O.265Yo O.ß5Yõ o t 0.t35% s 0.0% I I";" I 4.215% -0.5% 4-384"/0 I H" {r.681% .{r.75E% {-758ih -1.0% 4.E4',to {t.84% Trailing Month Quarter to Date Year to Date Since lnception O lncome Return, NetofFees O Price Retum, Net of Fees O Total Retum, Net of Fees Assigned Index Retum Per¡od Period Beg¡n Peño'd End Total Retum, Nef of Fees Price Retum, Net of Fees lnæme Retum, Nef of Fees Ass¡gned lndex Retum Tra¡l¡ng N4onth o2to1t2018 o2t28t2014 -0.081% -0.215V" 0.1 35olo -0.3840/o Quãrter to Date 01lo1l2ua 02t28t201A -0.493ø/o -0.7580/0 0.265ô/o -o.840./. Year to Date 01t01t2018 o2t28t2014 -0.493% -o.754% 0.2650/0 -a.841o/o Since lnception o31o1t2017 02t2812018 0.555% -0.681 % 1.236vo 0.64A6/. Acæunt Index lndex Start Date lndex End Date City-Total Portfol¡o ICE BofA¡/L U.S. Corporates A-AAA Rated 1-5 Yrs 11/3012007 City - CD Amunt ICE BofAML U.S. Corporates A-AAA Rated 1-5 Y6 11t30t2007 City - US Bank - Safekeep¡ng ICE BofAlVlL U.S. Corporates A-AAA Rated 1-5 YE 11t30t2007 City - LAIF ICE BofA¡.4L 3-lvonth U.S. Treasury Bill 07t2212002 City - US Bank - Cash ICE BofA¡ilL U.S. Corporates A-AAA Rated 1-5 Yre 11t30t2007 City - UBS Brokerage ICE BofAML U.S. Corporates A-AAA Rated l-5 Yß 11t30t2007 Net of Fees (includes management and trading). Retums are actual and have not been annual¡zed. No Tax Adjustment. Note that data will not exist pr¡or to the performance inception date of: 03/01/2017. Reported lndex Return ¡s always Total Return. we¡ghted benchmark returns for an aggregate a@unt are also based on the we¡ghted aveEge of the Ìndex returns of ìts s¡mple a@unts. 5 c Eer Cumulative lnvestment Returns - TR City-Total Portfolio (83745) Base Currency: USD 0210112018 - O2l2Bl2O1B Return to Table of Contents Dated: O4l23l2O'18 Monthly Returns O.2Yo 0.1SYo 0.t3lt% 0.1% 0.05% :f 0.0% c) ol -g s 05To -0.1% {¡.081% -0.15% -0.2o/o 4.2t5% -0.25o/o 02t28t2018 O lncome Retum, Net of Fees O Price Retum, Net of Fees a Total Retum, Net of Fees Períod Beg¡n Períod End Total Retum, Net of Fees lncome Return, Nef of Fees Price Retum, Net of Fees o2t2at201a -0.081% 0.135% -0.2150/ô o2to1t2018 02t28tí¿O18 Amunt tndex lndex Stañ Date lndex End Date City-Total Portfolio ICE BofAML U.S. Corporates A-AAA Rated 1-5 Yrs 11t30t2007 C¡ty - CD Account ICE BofAML U.S. Corporates A-AAA Rated 1-5 Yre 11t30t2007 City - US Bânk - Safekeeping ICE BofAML U.S. Corporates A-AAA Rated 1-5 Yrs 11t30t2007 C¡ty - LAIF ICE BofAML 3-¡/onth U.S. Treasury Bill 07t22t2002 City - US Bank - Cash ICE BofA¡/L U.S. Corporates A-AAA Rated 1-5 Yß 11t30t2007 City - UBS Brokerage ICE BofAML U.S. Corporates A-AAA Rated 1-5 Yrs 11t3012007 Net of Fees (¡ncludes management and trading). Returns are actual and have not been annualized. No Tax Adjustment. Note that data will not ex¡st prior to the performanæ incept¡on dale ofi O3lO1l2O17. weighted benchmark returns for an aggregate acæunt are also based on the weighted average oithe index returns of ¡ts simple accounts. 6 clearwaEer lndex Comparison City-Total Portfolio (83745) 021 01 I 20 1 8 - O2l2Bl 201 B Return to Table of Contents Dated:0412312018 lndex Comparison Summary I ndex Comparison Duration 0.2 15.Oo/o 10.0% 0.1 o"ota o 5.O% co o 0.0 o.ttÍ oÍr o.o% 0.016 o-n* 0¡16 co 0) 0.0% I o.or o o) o 4.'¡1%- ¿5 -5.O% i5 -0.1 -10.0% r -o.2 ll-lo2ilsr {-t$ -15.0% ,a \ 'l"b ù ,bo Þs' \.1,s ÈL b \o ^þ -0.3 o2e¡t 1' \q' {l' rs ,ò.o Duration Veld Years to Effective Years to Final os Maturity Maturity èo Index Comparison Market Sector lndex Comparison Credit Rating 30.0% 40-0% 26303't 29.saita 20.o"k 20.oo/" lO.Oo/o a.ßnft 2.ß1% 0) o.tx (J ()o 0.00/, r c o.aixrå c û) o.o% o o) I I (l) i5 -L7úm -2O.O% -10.0% i5 -ls.zEr% -1a21eA -1t.4æ:É -20.4o/o 40.0% -30.0% -¡n3il% Govern... Agency Munic¡pal F¡nancial lndustrialI Utility Cash -60.0% \!*?å9" AAA AA A BBB Non-lnvest Not Rated 7 c Eer lndex Comparison City-Total Portfol io (837 45) 021 0 1 1201 8 - 02t 28t201 I Return to Table of Contents Dated:0412312018 hÇ.eX 9 rllpe!..s.9!-.q!¡1-m?.ry lndex Duration R¡sk M?tr!9 Porfol¡? lndex D¡Íførence DuÊt¡on Potffolio lndex ylence Duration 2.364 2.279 0.084 <0 0.000% Yield 2.457 2.732 4.275 0-1 17.7020/o *.uoun 4.841./. Yeare to Effect¡ve Maturity 2.164 2.428 -0.263 15.365% 24.260% -8.894% Years to Final Maturity 2.238 2.428 -0.1 90 14.973% 25.2120/0 -10.2390/0 Average Cred¡t Rating 3-4 30.001 % 20.303% 9.698% 4-5 4.8840/ø 11.642% -6.798Vo 5-7 0.000% 0.000% 0.000% 7 -10 0.000% 0.000% 0.000% 10 - 15 0.000% 0.000% 0.000% 15 - 30 0.000% 0.000% 0.000% 30+ 0.000% No Duration 17.075% Market Sector l¡dg¡ Qgmpq.¡is-o,n C¡edlt fqllng Market Sector Pottfolio lndex D¡ffe.renæ.. Cred¡t Rat¡ng Pottfol¡o lndex Diffèrenæ Govemment 2.8590/o 17.075% -'t4.2160/o AAA 2.970ô/0 18.751Vo -15.78 t6/ø Agency 26.303% 0.000% 26.303% AA 50.869% 16.1780/0 34.6920/0 Municipal a.485ø/o 0.000% 8.4850/0 A 't4.'t57% 65.O710k -50.9140/o F¡nanc¡a¡ 30.5140/o 43.969% -13.455% BBB 2.461./. 0.0000/0 2.461% lndustrial 12.426Vo 36.254% -23.8270/o Noninvest 0.000o/o 0.000o/o 0.000% Ut¡lity 0.000% 2.7O26/o -2.7020/0 Not Rated 29.543% 0.000% 29.543./. l\¡ortgage Backed 0.432ô/o 0.000% 0.4320/0 Cash 18.981% 0.000% 18.941% I lndex Comparison City-Total Portfolio (83745) o2l o 1 I 20 1 8 - 02t 28 I 201 I Return to Table of Contents Daled: O412312018 lndex Sæ Risk Comparison or Perfomanæ Compari$n for index infomat¡on. I clearwater lnvestment Portfolio Detail - TR City-Total Portfolio (83745) Base Currency: USD As o'f 0212812018 Return to Table of Contents Dated:0412312018 Sæufty Type Descñpt¡on ldentitier TEde Date F¡nal Maturíty Y¡eld to Matuw Base Curent Units Base Orig¡nal Cæt Market Bãse Market Valua Base Awed Base Market Valuè + Pr¡ce Balilæ Acsued CD Ally Bank 02006LUL5 'toto1t2015 10to9t20't8 1.598 248,000.00 248,000.00 100.0000 248,000.00 1,565.46 249,565.46 CD American Bank Center 024280AC3 't1t02t2016 11t09t2014 1.1 00 249,000.00 249,000.00 100.0000 249,000.00 142.5A 249,142.58 CD American Express Bank, FSB o25a7CBX7 10t09t2014 10t16/2019 1.559 247,000.00 247,000.00 100.9446 249,333.06 't,978.71 251,311.77 CD Amei€n ExpÞss Centur¡on Bank 02587Dz76 09t06t20't7 09t12t2022 2.442 249,000.00 244,502.OO 99.8186 248,548.36 2,783.34 251,33'1.71 CD Ameriæn Federal Bank 026004cu9 02t2412017 '11t13t2018 2.000 146,000.00 '146,000.00 100.0000 146,000.00 152.00 146,152_OO CORP APPLE INC 037833CM0 02t17t2017 o2t09no22 2.935 3,000,000.00 3,009,300.00 98.3890 2,951,670.00 4,583.33 2,956,253.33 CD Bank Hapoalim B.M. 062514K25 1010112015 10t09t2020 1.999 248,000.00 248,000.00 100.0000 248,000.00 1,943.23 249,943.23 CD Bârclays Bank DelawaE 06740KKD8 09t06t2017 07t122022 2.'199 248,000.00 248,000.00 100.0000 248,000.00 717.50 248,7',17.50 UU BBVA Compass Ban6hares, lnc. 20451 PNKS 0a12712015 03lo'll201a 1.489 248,000.00 248,000.00 100.0000 248,000.00 1,844.71 249,U4-71 CORP BERKSHIRE HATHAWAY FINANCE CORP 0846648E0 0'v24t2013 ost15t2014 2.434 500,000.00 600,000.00 100.6230 503,1 1 5.00 7,950.00 51 1,065.00 CORP BERKSHIRE HATHAWAY FINANCE CORP 0846708Q0 o3t17t2016 03t15t2021 2.760 600,000.00 607,398.00 98.3730 590,238.00 6,086.67 596,324.67 CD BMW Bank of North Ameri€ 0558048T0 0610412015 0611512020 2.099 248,000.00 248,000.00 100.0000 248,000.00 '1,084.41 249,084.4'l CD BOFI FedeEl Bank 062791AQ7 02t24t2017 08/05/2019 3.750 99,000.00 99,000.00 100.0000 99,000.00 244.11 99,244.11 MUNI CALIFORNIA HSG FIN AGY REV 13034PzJ9 07t05t20't7 o2to1no22 3.019 3,000,000.00 3,020,100.00 98.5030 2,955,090.00 6,530.00 2,961,620.00 MUNI CALIFORNIA ST 13063D4D0 06to1t2017 Mt01t2022 2,000,000.00 2,021,560.00 98.6190 '1,972,380.00 19,725.00 1,992,1 05.00 CORP CAPITAL IMPACT PARTN ERS '14020AAH7 01t09120't8 01/15/2023 3.147 1,000,000.00 1,000,000.00 97.9830 979,830.00 3,1 50.00 982.980.00 CD Capital One Bank 14U20UQ1 08t27t2015 08/26n020 2.350 248,000.00 248,000.00 100.0000 248,000.00 47.90 244,047.90 CD Capital One, Nat¡onal Assæ¡at¡on 't4042E6A3 08t27t2015 08t26t2020 ,.r: 248,000.00 248,000.00 101.5070 251,737.42 47.90 '2s1,78s.32 CASH Cash CCYUSD o2t28t2018 0.00 0.00 1.0000 0.00 0.00 0.00 CASH Cash CCYUSD 02t28t201a 1,31 9,822.69 1,31 9,822.69 1.0000 1,319,822.69 0.00 1,319,822.69 CASH Cash CCYUSD o2t2u201a 0.00 0.00 1.0000 0.00 0.00 0.00 CORP CHEVRON CORP 166764480 o2t17t2017 o6t24t2014 ,.,u 2,000,000.00 2,012,000.00 99.8670 1,997,340.00 6,394.78 2,OO3,734.78 CD CIT Bank, Nat¡onal Association 17284C2R4 10t30t2014 11t05t2019 2.148 79,000.00 79,000.00 100.0000 79,000.00 539.80 79,539.80 CD CIT Bank, National Assæ¡ation 17284C382 11t03t2014 11113t2019 2.148 1 18,000.00 1 18,000.00 100.0000 118,000.00 750.67 1 18,750.67 CD COI\¡ENITY BANK DE US RT 01.8OOO% 9819965J6 o4to4t20't6 04t1312021 1.800 200,000.00 200,000.00 100.0000 200,000.00 256.44 200,256.44 MAr O4t13t2'l CD Comen¡ty Cap¡tal Bãnk 9814608V2 02t24t2017 12t171201A 2.000 249,000.00 249,000.00 100.0000 249,000.00 177.37 249,177,37 CD Discover Bank 254672f21 o4t27t2015 ogt't9t2020 248,000.00 248,000.00 100.0000 248,000.00 159.67 248,159.67 CD Eastem Boston Sav¡ngs Bank EASTBOSTON 02t16t2016 o2t't7t2021 1.922 249,000.00 249,000-00 100.0000 249,000.00 10,1 51.01 259,151.01 CD Enerbank USA ENERBANK 0812712015 o8t27t2020 2.'to0 248,000.00 248,000.00 '100.0000 248,000.00 28.54 248,O24.54 CD Enterpr¡se Bank & Trust ENTERPRISE 05t20t2013 05t20t2018 1.000 99,000.00 99,000.00 100.0000 99,000.00 24.41 99,O24.41 CD Famere & Merchants Un¡on Bank FARMERS o8128t2015 0812812020 2.250 248,000.00 248,000.00 100.0000 248,000.00 15.29 248,O15.29 AGCY BOND FEDERAL FARM CREDIT BANKS 3133ÉGANs 06/08r/201 6 o8t16t2021 2.669 3,500,000.00 3,496,500.00 96.7460 3,386,1 10.00 2,450.00 3,388,560.00 FUNDING CORP AGCY BOND FEDERAL FARM CREDIT BANKS 3133EHVH3 oat1at2017 oan712022 2.846 1,000,000.00 999,000.00 96.8080 968,080.00 808.89 968,888.89 FUNDING CORP AGCY BOND FEDERAL FARM CREDIT BANKS 3133EHVH3 0910612017 08t17t2022 2.846 1,500,000.00 1,500,000.00 96.8080 '1,452,120.O0 't,213.33 1,453,333.33 FUNDING CORP AGCY BOND FEDERAL HOME LOAN BANKS 313OA9NJ6 10n1no16 10t11t2019 1,000,000.00 999,500.00 98.2190 982,190.00 4,666.67 986,856.67 AGCY BOND FEDERAL HOME LOAN IVORTGAGE CORP 3134GAWF7 11t02t2016 1112712019 2.U0 1,810,000.00 I,810,000.00 98.2290 '1,777,944.90 6,143.94 1,784,088.84 AGCY BOND FEDERAL HOME LOAN MORTGAGE CORP 3134GAUK8 11t02t2016 11t't5t2018 2.003 500,000.00 499,825.00 99.2920 496,460.00 1,472.22 497,932.22 AGCY BOND FEDERAL NATIONAL MORTGAGE 3135G0J87 ost17t2016 04t28t2021 2.536 2,500,000.00 2,498,500.00 97.3180 2,432,950.00 14,093.75 2,447,043.75 ASSOCIATION AGCY BOND FEDERAL NATIONAL MORTGAGE 3136G3N76 o8t05t2016 o8t10t2021 2.957 2,500,000.00 2,500,000.00 95.6610 2,391,525.00 2,369.79 2,393,894.79 ASSOCIATION AGCY BOND FEDERAL NATIONAL MORTGAGE 3135G0N66 08/05/2016 08t2412020 2.456 2,000,000.00 1,999,200.00 97.4650 1,949,300.00 544.44 1,949,U4.44 ASSOCTATTON AGCY BOND FEDERAL NATIONAL MORTGAGE 3135G0Q71 10t21t2016 10t24t20't9 2.279 1,750,000.00 1,750,000.00 98.3250 1,720,687.50 7,473.96 1,728,161.46 ASSOCIATION AGCY BOND FEDERAL NATIONAL MORTGAGE 3135G0R70 11t02t2016 11t25t2019 750,000.00 750,000.00 98.1210 735,907.50 2,500.00 738,407.50 ASSOCTATTON FiFt Bank of H¡ghland Park 319141CR6 10/o9nú4 10t15t2019 2.099 247,000.00 247,OOO.00 '100.0000 247,000.00 1,946.90 248,946.90 First lntemet Bank FIRSTINTERNET 02t17t2016 02t17t2021 2.250 249,000.00 249,000.00 100.0000 249,000.00 184.1 I 249,144.19 Fißt Natjonal Bank of McGregor MCGREGOR 0812812015 08t28t2020 2.150 248,000.00 248,000.00 100.0000 248,000.00 14.61 244,O14.6'l First Pryority Bank - ¡/a¡n PRYORITY 10to212015 10t02t2018 1.700 248,000.00 248,000.00 100.0000 248,000.00 311.87 244,311.47 F¡Ft Technology FedeEl Cred¡t Un¡on. 337151AN0 o9to6t2017 09t15t2022 2.250 249,000.00 249,000.00 100.0000 249,000.00 214.49 249,214.89 l0 c Eer lnvestment Portfolio Detail - TR City-Total Portfolio (83745) Base Currency: USD As of 0212812018 Return to Table of Contents Dated: 0412312018 Secudty Type Descdption ldent¡Í¡er Trade Date F¡nal Matrrríty Y¡eld to Matur¡ty Base Curent Un¡ts Base Or¡g¡nat Cost Base ilarket Value Base Aærued Base Market Value + Balance Accrued CD Franklin Synergy Bank 3547lTCR1 'l'l/o2t2016 11t21t2014 1.100 249,000.00 249,000.00 100.0000 249,000.00 60.03 249,060.03 GNMA G2 004636 36202FEH5 06t07t2012 02120t2040 3.463 178,457.17 178,457.17 105.1420 187,633.44 669.21 '188,302.65 GNI\44 G2 004649 36202FEW2 06/0712012 o3t20t2040 1 10,575.63 I 1 0,575.63 '101.5870 112,330.47 414.66 112,745.12 GN[i1A GN 354094 36203NKF4 05t29t2012 o511512023 6.172 96.51 96.51 102.2060 98.64 0.60 99.24 CD Goldman Sachs Bank USA 38148PPJ0 09t07t2017 oqt13t2022 2.400 249,000.00 249,000.00 '100.0000 249,000.00 2,766.97 '2s1,766.97 CORP GOLDMAN SACHS GROUP INC 38143ULVl 06107t2012 08t26t2020 2.965 500,000.00 500,000.00 100.9980 504,990.00 232.20 505,222.20 CD H¡9h Pla¡ns Bank HIGHPTAINS 1211612015 12t16t2020 2.197 248,000.00 248,000.00 100.0000 248,000.00 1,121.10 249,121.10 .100.0000 CD Hometown Bank HOMETOWN o2t17t2016 o2l't812019 1.643 249,000.00 249,000.00 249,000.00 8,616.76 257,616.76 CD lndustr¡al and Commercial Bank of Ch¡na 45581 EAKT 09t06t2017 09t20t2022 2.300 247,000.oo 247,000.00 100.0000 247,000.00 140.08 247,140.08 (USA), Nat CD JPMorgan Chase Bank, National AssocìatÌon 481 25Y415 06/08/2016 06t17t2021 1.700 248,000.00 248,000.00 100.0000 248,000.00 854.75 248,854.75 CD Kansas State Bank KSTATEBANK 10t02t2015 'toto1t2020 2.150 248,000.00 248,000.00 '100.0000 248,000.00 409.03 248,409.03 MUNI KERN CNTY CALIF PENSION OBLIG 492275453 03t17t2016 08t15/2019 2.687 1,000,000.00 925,200.00 96.1 680 961,680.00 0.00 961,680.00 Live Oak Bank¡ng Company LIVEOAK 10t10t2014 101'1012019 2.300 249,000.00 249,000.00 100.0000 249,000.00 298.12 249,298.12 M¡,4FUND Local '1,903,852.39 Agency lnvestment Fund SHAFTERLAIF 02t28t2018 1 1,903,852.39 I 1,903,852.39 1.0000 1 0.00 1 1,903,852.39 Merrick Bank Corporation 59013JUV9 11tO2J2016 05/08/2019 1.200 249,000.00 249,000.00 100.0000 249,000.00 171.91 249,171.91 CORP MICROSOFT CORP 594918841 01t09t2018 o2t12t2022 2.910 1,000,000.00 998,200.00 98.0130 980,130.00 1,253.47 981,383.47 Morgan Stanley Bank, Nat¡onal Association 61747MG54 o'lto9t20'ta 01118t2022 2.499 246,000.00 246,000.00 100.0000 246,000.00 707.67 246,707.67 CORP NATIONAL AUSTRALIA BANK LTD ( NEW 63254AAQ1 07t13t2016 07 t12t2019 2.723 1,500,000.00 1,494,450.00 98.1960 1,472,940.O0 2,807.29 '1,475,747 .29 YORK BRANCH) CD Pacifìc Allianæ Bank PACALLIANCE 12/16t2015 12t16t2020 2.116 248,000.00 248,000.00 100.0000 248,000.00 12,157.57 260,157.57 CD Park Nat¡onal Bank 7006544T3 08/26t2014 09t12t2019 1.634 249,000.00 249,000.00 100.781 1 250,944.97 249.34 251,194.32 CD Peapack-Gladstone Bank PÉAPACK oa2a/2015 08/28t2020 2.100 248,000.00 248,000.00 100.0000 248,000.00 14.27 248,O14.27 CORP PEPSICO INC 71 34488H0 01t24t2013 o6to1t20't8 2.289 500,000.00 595,000.00 100.6890 503,445.00 6,250.00 509,695.00 CORP RABOBANK NEDERLAND NV 21685WDD6 oat21no17 02t08t2022 3.270 2,000,000.00 2,144,060.O0 102.2220 2,044,440.00 4,951.39 2,049,391.39 CASH Receivable CCYUSD o2t28t2018 8,758.07 8,758.07 1.0000 8,758.07 0.00 8,758.07 CD Sallie N¡ae Bank 795450VR3 12t02t2014 12t10t2019 2.'198 248,000.00 248,000.00 100.0000 248.000.00 1,210.78 249,210.78 CD Savoy Bank SAVOY o2t17t2016 02t'17t2021 2.100 249,000.00 249,000.00 100.0000 249,000.00 171.91 249,171.91 CD Start Community Bank STARTCMNTY 0a12812015 08/28/2020 2.190 248,000.00 248,000.00 100.0000 248,000.00 14.88 248,O14.88 CD Synchrony Bank 87164YC88 07t18t2014 07125/2019 2.049 249,000.00 249,000.00 1 00.0000 249,000.00 489.47 249,489.47 UU The Washington Trust Company, of Wester¡y 940637GN5 10t09t2014 10/08/201 9 2.099 247,OO0.OO 247,580.45 100.0000 247,OOO.00 2,046.38 249,046.38 CD Third Federal Savinos and Loan Association 8841 304X6 101o112015 11t26t2018 1.598 245,000.00 245,735.00 100.0000 245,000.00 1,020.27 246,020.27 of Clev CD TIAA, FSB 87270LATO 09t06t2017 09/1412022 2.200 249,000.00 249,000.00 100.0000 249,000.00 2,461.35 25'1,461.35 CORP TORONTO-DOMINION BANK 891 1408J6 o7t13t2016 08113t2019 2.604 500,000.00 500,000.00 98.3590 491,795.00 362.50 492,157.50 CORP TORONTO-DOMINION BANK 891 1 4QBLl 07t13t2016 07 t13t2021 2.989 1,000,000.00 999,950.00 96.2090 962,090.00 2,400.00 964,490.00 CD Traditional Bank lnc TRADITIONALBA 10to9t2014 1010912019 2.200 249,000.00 249,000.00 100.0000 249,000.00 300.16 249,300.16 NK CD UBS Bank USA 90348J8J8 1'1o2t2016 11118t2019 1.400 249,000.00 249,000.00 100.0000 249,000.00 124.16 249,124.16 US GOV UNITED STATES TREASURY 912833KR0 07t05t2017 05t15t2018 1.608 2,000,000.00 1,978,540.00 99.6670 1,993,340.00 0.00 1,993,340.00 CD Utah Fißt Federal Credit Un¡on UTAHFIRSÏ 04/0512016 04to5t2021 1.900 249,000.00 249,000.00 100.0000 249,000.00 712.49 249,712.49 CORP WAL-MART STORES INC 931142DU4 01 /09i201 8 12t1512022 2.924 1,000,000.00 996.500.00 97.4450 974,450.00 8,55 1.39 983,001.39 CORP WELLS FARGO & CO 949746RS2 0311712016 03to4t2021 3.'146 500,000.00 504,650.00 98.1550 490,775.00 6,145.83 496,920.83 CD Wells Fargo Bank, Nat¡onal Assoc¡ation 9497485W3 06i08/2016 o6t17t2021 2.O57 248.000.00 247,504.00 99.0219 245,574.42 142.68 245,717.10 CD West ¡,4ilton State Bank WESTI\¡ILTON o4t28t2015 08128/2020 2.100 248,000.00 248,000.00 100.0000 248,000.00 14.27 248,O14.27 CD West Town Bank & Trust WESTTOWN 1010212015 10t02t2020 2.050 248,000.00 248,000.00 100.0000 248,000.00 376.08 248,376.08 CORP WESTPAC BANKING CORP 961214CF8 07t22t2016 01117t2019 2.552 2,000,000.00 2,042,000.00 99.7360 1,994,720.00 s,500.00 2,OO0,220.O0 CD World's Foremost Bank 9815718U5 08t27t2015 08t20t2020 2.400 200,000.00 201,882.00 100.0000 200,000.00 I 1 8.36 200,118.36 05t25t2020 2.512 70,289,562.¡t6 70,633,198.91 80.1283 69,513,366.83 201,794.09 69,715,160.92 'Weighted by: Base Market Value + Accrued. 11 c Eer lnvestment Policy Compliance Summary - TR City-Total Portfolio (83745) As of 02l2Bl2O1B Return to Table of Contents Dated: 0412312018 Compliance Summary Acæunt Pol¡cy Name Total Rules Compl¡ant Rules V¡olat¡ng Rules 9qæ . Non-Compliant City-Total Portfo¡¡o Shafter Policy 5/'l 1/201 7 17 '15 City-Total Portfolio - Shafter Policy 511112017 Non-Compliant Súafrs Amunt Policy Name Category Name Rule Name Days ln Actual Value Lim¡t Value Noles Resol¿lions V¡olat¡on Non-V¡olating C¡ty-Total Portfolio Shafrer Pol¡cy 5/1 1/201 7 Allowable Secur¡ties 0 0.000 0.000 N N Non-V¡olating C¡ty-Total Portfol¡o ShafterPolicy5/11/2017 Concentration BankeG Acæptanæs maximum portfolio 0 0.000 40.000 N N æncentrat¡on (%) Non-V¡olating C¡ty-Total Portfolio ShafterPol¡cy5/1112017 Concentration Mãx Conæntrat¡on - Percent of lssue Size 0 10.000 N N for CP o/o Non-Violating C¡ty-Total Portfol¡o ShaftetPolic:v5t11120'17 Conæntration Max Conæntrat¡on ¡n a Single lssuer of 0 30.000 N N Bankers Acæptanæs % Non-V¡olating City-Total Portfolio Shafter Pol¡cy 5/1112017 Conæntration Max Conæntrat¡on of Negotiable CDs and 0 22.4O8 30.000 N N coRP BONDS-MTN (o/o) Non-V¡olating City-Total Portfolio Shafter Pol¡cy 5/1112017 Conæntration Maximum Commercial Paper Portfolio 0 0.000 25.000 N N Concentrat¡on (%) Non-V¡olating City-Total Portfolio Shafter Policy 5/1 1/2017 Concentrat¡on ¡/ax¡mum Concentration Mortgage Pass- 0 o.432 20.000 N N Throughs / ABS / MMF (%) Non-Violating City-Total Portfolio Shafter Policy 5/1 1/2017 Concentrat¡on S¡ngle lssuer L¡m¡t 0 4.244 5.000 N N Non-Violat¡ng City-Total Portfolio Shafter Policy 5/11/2017 Cred¡t Qual¡ty Eankers Acceptånæs LT/ST Rated Below 0 0.000 0.000 N N AAJA-1/P-1 (1 of 3 Agencies) V¡olating C¡ty-Total Portfol¡o ShafterPolicys/11l2o17 Cred¡t Qual¡ty Cred¡t Events; DowngEdes, Outlook, and 1 2003734.774 0.000 N N Watch Changes V¡olating City-Total Portfol¡o Shafter Policy 5/1 1/2017 Cred¡t Qual¡ty lvlinimum Credit Rating for LT F¡xed lncome 246 7.'155 0.000 Y N AA (excl Bankers Acceptanæs and Gov) Non-Violating C¡ty-Total Portfolio ShaftetPolicy5ll1/2017 Cred¡t Quality Min¡mum Credit Rating for ST Fixed lnæme 0 0.000 0.000 N N (excl Bankers Aæeptances and Gov) A1 Non-Violating City-Total Portfol¡o ShãfrerPolicy5/11/2017 Maturity Bankers Acæptanæs final maturity (days) 0 180.000 N N Non-Violat¡ng C¡ty-Total Portfol¡o Shafrer Pol¡cy 5/l l/2017 Maturity Maximum Maturity of Commercial Paper 0 270.OOO N N (Days) Non-Violat¡ng C¡ty-Total Portfol¡o Shafrer Pol¡cy 5/1 1/201 7 Maturity Maximum repurchase agreements final 0 1.000 N N maturity (years) Non-V¡olating C¡ty-Total Portfol¡o ShafterPol¡cy5/11/2017 Portfol¡o / Risk Management Repurchase Agreements Purchase Priæ 0 0.000 0.000 N N city--I-c!e|19.41ef.o..,-...._...... -. Portfol¡o / Risk USD denomination 0 0.000 0.000 N N iloJÌYigl.elits ...... 9l.atqlqLis.v.1rl1rz..91Z... . .--l:. ... _ ...... 9lty-fotal Portfolio Shafter Pol¡cy tll/2017 Notes for City-Total Portfolio - Shafter Policy 511'112017 Author, Nofe Entry Date jzerv¡s 07/2612017 * Compliance Status as of previous business day. 12 ter lnvestment Policy Voilations - TR City-Total Portfolio (837 45\ As of O2l28l2O1B Return to Table of Contents Dated:0412312018 City-Total Portfolio - Shafter Policy 511112017 Non-Compliant; Credit Events: Downgrades, Outlook, and Watch Changes Sfafæ Amunt ldent¡f¡er Descr¡pt¡on Value Pottfol¡o Rat¡ng Base Net¡otal Base Marketvalue + Notes Reso/uûbns Percent Unreal¡zed Ga¡n/Loss Accrued Y¡grett.trs ...... Ç¡!y.-,.t1!..q9t¡ -.9el9fe9p!ns. 1.967.61ôF0 çHFVRory coRl 2,003,7,34.77A 2.A740/" -4,977.24 .2,003,734.78 N N Violat¡ng C¡ty - US Bank . Safekeep¡ng 1667644E0 CHEVRON CORP 2,003,734.778 2.A740/o AA. 4,977.24 2,003,734.78 N N City-Total Portfolio - Shafter Policy 511112017 Non-Compliant; Minimum Credit Rating for LT Fixed lncome AA (excl Bankers Acceptances and Gov) Sfãfus Acæunl ldentit¡er Descdpt¡on Value Pottfol¡o Rating Baæ Net Total Base Mafuet Value + Nofes Reso/¡/rbns Percent Unreal¡zed Ga¡n/Loss Accrued Violat¡ng City - US Bank - Safekeeping 7134488H0 PEPSICO INC 0_731 0.7310/0 -16,284.12 509,695.00 Y Vio¡at¡ng City - US Bank - Safekeeping 961 214CF8 WESTPAC BANKING CORP 2.869 2.8690/0 -2s,375.10 2,000,220.oo Y Violat¡ng City - US Bank - SafekeepÌng 38143ULV1 GOLDIVAN SACHS GROUP INC o.725 0.7250/o BBB+ 4,99C.00 505,222.20 Y Violat¡ng City - US Bank - Safekæping 949746RS2 WELLS FARGO & CO o.713 0.713ô/o Â_ -12,749.38 496,920.83 Y Violat¡ng City - US Bank - Safekeeping 63254AAO1 NATIONAL AUSTRALIA BANK LTD ( NEW YORK 2.117 2.1170/o -23,804.52 1,475,747.29 Y Molat¡ng .. City-USBank-Safekeep¡ng .73,223.12 4,987,805,32 Y Notes for City-Total Portfolio - Shafter Policy 5111120'17 - Minimum Credit Rat¡ng for LT Fixed lncome AA (excl Bankers Acceptances and Gov) Author, Nole Entry Ðate jzervis Th¡s security was reviewed and a decision has been to made to retain it. lts presenæ in the portfol¡o will be mon¡tored and reported monthly to the Cit/ l\¡anager. (Section lX(B)) 0610512017 jzervis Th¡s security was reviewed and a dec¡sion has been to made to Étain it. lts presenæ in the portfol¡o will be mon¡tored and reported monthly to the City lvânager. (Section lX(B)) 06to5t2017 jzervìs This security was rev¡ewed and a dec¡s¡on has been to made to retain it. lts presenæ in the portfol¡o will be mon¡tored and reported monthly to the Ci¡/ Manager. (Section lX(B)) 06t05t2017 jzeryis This se@r¡ty was rev¡ewed and a dec¡s¡on hâs been to made to Etain it. lts presenæ in the portfol¡o will be monitored and reported monthly to the C¡ty l\4anager. (Section lX(B)) 06to5t2017 jzervis This seærity was rev¡ewed and a dec¡s¡on has been to made lo Etain it. lts presenæ in the portfol¡o will be mon¡tored and reported monthly to the C¡ty Manager. (Section lX(B)) 06to5t2017 jzervis This seærity was rev¡ewed and a dec¡s¡on has been to made to Etain it. lts presenæ in the portfol¡o will be mon¡tored and reported monthly to the C¡ty Manager. (Section lX(B)) 06t05t2017 jzewis This sear¡ty was rev¡ewed and a dec¡s¡on has been to made to retain it. lts presenæ in the portfol¡o will be mon¡tored and reported monthly to the C¡ty Manager. (Section lX(B)) 06to5t2017 jzeryis This se@rity was rev¡ewed and a dec¡s¡on has been to made to retain it. lts presenæ in the portfol¡o will be mon¡tored and reported monthly to the C¡ty ¡/anager. (Section lX(B)) 061o5t2017 jzervìs This seority was rev¡ewed and a dec¡sion has been to made to retain it. lts presenæ in the portfol¡o will be mon¡tored and reported monthly to the C¡ty Manager. (Sect¡on lX(B)) 06105t2017 jzeryis 07t26t2017 jzerv¡s This sedr¡ly was rev¡ewed and a dec¡s¡on has been to made to retain it. lts presenæ in the portfolio will be monitored and reported monthly to the C¡ty Manager. (Section lX(B)) 07t26t2017 jzervis This sedrity was rev¡ered and a dec¡s¡on has been to made to Etain it. lts presenæ ìn the portfol¡o will be monitored and reported monthly to the C¡ty Manager. (Sect¡on lX(B)) 07t26t2017 jzery¡s This seor¡ty was rev¡ewed and a decision has been to made to retain it. lts presenæ in the portfolio will be monitored and reported monthly to the C¡ty Manager. (Sect¡on lX(B)) 07t26t2017 * V¡ewing V¡olators Only. * Compliance Status as of previous business day 13 Credit Events - TR City-Total Portfolio (83745) Base Currency: USD 0210112018 - 0212812018 Return to Table of Contents Daled:0412312O18 Aærcv Old lrþlue New Vâlue . -EþßT.Y,P-q.. CHEVRON CORP 1667644E0 CORP s&P 9?3.pF1].9 N9e"i_u-a - 9øþle OuUook Changed KERN CNTY CALIF PENSION OBLIG 492279As3 Ir/UNl 0?,23t20'18 s&P A+ AA. Upgrade WELLS FARGO & CO 949746RS2 CORP qz_q_6/.?9L9 Outlook Changed U99qv9 , Stable . J.lega!iv,e... _ WELLS FARGO & CO 9497,t6RS2 CORP o2to7t201a s&P AA. DMgEdê WELLS FARGO & CO s497{qRs? o2t07t20't8 S&P Negalve Stable Outlook Changed 14 Report on Cash Receipts, Disbursements, and Balances Treasurers Report: February 28, 2OL8 2lLl2OL8 (receipts) (disbursements) 2128/2OL8 Beginning Fund No. Fund Name Balance Debits Credits Ending Balance 010 General Fund 5 s0,970,013 S I,Or7,83r s (11,401,085) s 48,586,759 trt Federal Grants Fund 7,639 (7,63s) 712 Traffic Safety Fund 15,931 2,398 (71 18,322 113 Supplemental Law Enforcement Fund 232,843 (s3) 232,750 1,14 Gas Tax Fund L,328,322 21,450 (28,335) r,327,437 115 TDA Article 8 Fund 63s,998 (2ss) 635,743 118 Special Police Services Fund 5,r28 (21 5,126 119 Asset Forfeitures Fund 208,394 (83) 208,310 1,20 Road Maintenance & Rehabilitation 3,1,82 8,631 (3) 11,810 t25 Congestion Management Fund 140 Community Development Block Grant Func 270 Asset Replacement Fund 3,395,804 9,083 ( 1,361) 3,403,s26 220 Wastewater CIP Fund 4,957,878 149,556 (1s,406) 5,086,028 22s Refuse CIP Fund 2s8,036 (103) 257,933 230 Water CIP Fund 653,009 (26r) 652,747 240 Park CIP Fund 70,760 (4) 10,755 2so Traffic Mitigation CIP Fund s,063,073 (2,026) 5,067,047 260 Median Mitigation Fee Fund 96,530 (3e) 96,492 s20 Wastewater Operations Fund 391,656 137,36s (446,699) 82,322 52s Refuse Operations Fund 382,465 80,571 (82,422) 380,614 530 Water Operations Fund 1,480,693 342,477 (463,482) 1,3s9,688 s35 Transit Operations Fund r37,3r3 (707,342l. 29,97L 550 Telecommunications Fund 26,297 (26,297l. 57r CCF Operations Fund 1,3s9,690 (1,3s9,690) 573 CCF Equipment Replacement Fund 386,697 12,500 (1s7) 399,040 574 CCF Building Replacement Fund 536,242 12,s00 (277l. 548,525 575 Rail Operations Fund 30,519 (30,s19) 578 Landscaping & Lighting District Fund 590,269 51-,186 (73,7s6) 567,699 579 North Park / North Shafter Fund 68,757 320 (2,307) 66,770 640 Building Maintenance Fund 6,L17 72,489 (16,s88) 2,079 647 Shop Fund 59,190 24,632 (19,3s3) 64,470 642 Liability Fund (267,49r) rr4,745 (Ls2,746) 650 lnformation Technology Fund 22L,186 10s,486 (87,664) 239,008 75s Business lmprovement District 60 (368) (308) 772 CCF lnmate Welfare Fund 222,038 23,326 (27,910) 217,454 773 CCF Program lncome Fund 775 lnmate Trust Fund 72,0L0 35,228 (32,480) 74,758 990 Redevelopment Obligation Retirement Fun 652,074 222,747 (222,1.651 652,656 991 Low and Moderate lncome Housing Fund 700,348 754 (86) 701,0L5 Total 73,338,79L 77,939,153 (t4,456,2051 70,821,739 Report on Fund Balances (unaudited) Treasurers Report: February 28, 2OLg 7lL|2OL7 2128l2OL8 Beginning Fund No. Fund Name Balance Revenues Expenditures Ending Balance 010 General Fund s 6s,297,24s 5 t7,433,194 s (22,689,190) s 60,041,,2s0 TL1. Federal Grants Fund r0,529 (11,048) (s20) 172 Traffic Safety Fund 670 17,652 18,322 113 Supplemental Law Enforcement Fund 232,096 126,346 (r25,692) 232,7s0 774 Gas Tax Fund 1,68r,304 248,686 (608,ss2) r,32L,437 115 TDA Article 8 Fund 190,055 (190,0ss) l-18 Special Police Services Fund 5,111 T4 5,726 119 Asset Forfeitures Fund 207,725 585 208,310 r20 Road Maintenance & Rehabilitat¡on 11,810 11,810 L25 Congestion Management Fund t40 Community Development Block Grant Func 2LO Asset Replacement Fund 3,222,025 181,502 3,403,526 220 Wastewater CIP Fund 3,966,246 1,23s,599 (79,727) s,082,118 225 Refuse CIP Fund 251,958 5,97s 257,933 230 Water CIP Fund 579,892 72,856 652,747 240 Park CIP Fund 6,507 4,248 L0,755 250 Traffic Mitigation CIP Fund 4,756,723 304,324 5,06r,047 260 Median Mitigation Fee Fund 95,440 7,052 96,492 520 Wastewater Operations Fund 12,7L4,783 2,066,356 (2,029,9901 12,751.,149 * 525 Refuse Operations Fund 363,908 728,617 (628,903) 463,62t * s30 Water Operations Fund 13,r70,366 3,387,826 (2,969,429], 13,588,763 * 535 Transit Operations Fu nd 391,,697 20L,978 (20L,978) 39L,697 * s50 Telecommu nications Fund 2,679,032 103,360 (133,018) 2,649,373 * 571, CCF Operations Fund 2,453,007 9,524,357 (7O,572,552) I,404,806 * 573 CCF Equipment Replacement Fund 375,\13 707,794 (77,267) 399,040 574 CCF Building Replacement Fund 473,040 ro'J.,373 (2s,888) 548,525 575 Rail Operations Fund 8,609,468 t7t,4to (106,317) 8,674,56L * 578 Landscaping & Lighting District Fund 464,724 238,!52 (159,676], s42,600 579 North Park / North Shafter Fund (34,70s) 8,821, (7,809) (33,6e4) - 640 Building Maintenance Fund 99,750 (to3,674l, (3,s241 * 64L Shop Fund 196,786 (1-51,978) 44,808 * 642 Liability Fund 905,279 (1,0s7,96s) (Ls2,7461 * 650 lnformation Technology Fund 20r,813 843,099 (6s0,489) 394,423 * 755 Business lmprovement D¡strict 2,638 (2,e46) (308) 772 CCF lnmate Welfare Fund 230,047 240,493 (242,737l. 227,803 + 773 CCF Program lncome Fund -+ 775 lnmate Trust Fund -+ 990 Redevelopment Obligation Retirement Fun (12,652,087) 556,832 (690,8s4) (12,786,109) + 991- Low and Moderate lncome Housing Fund 2,253,747 7,098 (3,764l. 2,256,475 Total 111,895,681 39,329,777 (43,467,49L1 r07,763,968 * Business-Type Funds using full occruol øccounting (includes capitol assets and long-term debt) - Administered by the City but not o finonciøl component of the City. Debt poid by property owners. + Trust Funds administered by the C¡ty but not legal property of the C¡ty. MINUTES OF THE SPECIAL MEETING OF THE SHAFTER CITY COUNCIL CITY HALL CONFERE,NCE ROOM,336 PACIFIC AVENUE TUESDAY, APRrL 17,2018 CALL TO ORDER: 5:31 p.m. ROLL CALL: PRESENT: Mayor Prout, and Council Member Espericueta, Garcia and Givens. Mayor Pro Tem Alvarado absence until arriving at 5:38 p.m. was excused. City Manager Hurlbert, City Clerk Vy'ilson, and Administrative Director Zcrvis. PLEDGE OF ALLEGIANCE: Council Member Givens INVOCATION: Council Member Espericueta APPROVAL OF AGENDA: MovED (ctvnus) AND SEC)NDED (cAncu) couNCrL AppRovED THE AGENDA AS PRESENTED. MorIoN CARR]ED BY THE FOI,LOWING VOTE: AYES,. ESPERICUETA, GARICA, GIVENS, AND PROUT. NAYS: NONE, ABSENT,. ALVARADO. ABSTENTIONS.. NONE. NONE PUBLIC COMMENT: There were no members of the public wishing to speak, MANAGEMENT REPORT: I CODE ENFORCEMENT WORKSHOP: City Manager Hurlbert and Administrative Services Director Zewis presented information for discussion purposes only. No action taken. Mayor Pro Tem Alvarado arrived at 5:38 p.m ADJOURNMENT: MovED (cunws) AND ;ECzNDED (nsrnrucunrA) couNCIL ADJIURNED THE MEETING Ar 6:46 P.M. MOTION CARRIED WITH NO OPPOSITION. Cathy L. Prout, Mayor ATTEST: Christine Vy'ilson, City Clerk MINUTES OF THE REGULAR MEETING OF THE SHAFTER CITY COUNCIL COUNCIL CHAMBER, 336 PACIFIC AVENUE TUESDAY, APRrL 17,2018 CALL TO ORDER: 7:00 p.m ROLL CALL: PRESENT: Mayor Prout, Mayor Pro Tem Alvarado, and Council Members Espericueta, Garcia, and Givens. Also present: City Manager Hurlbert, Planning Director Clausen, Clerk Typist Covarrubias, Public V/orks Director James, City Clerk Vy'ilson, Administrative Services Director Zervis, and Police Chief Zimmermann. PLEDGE OF ALLEGIANCE: Mayor Pro Tem Alvarado INVOCATION: Council Member Givens APPROVAL OF AGENDA: MovED (cntaNs) AND SECzNDED (cttncu) couNCrL AppRovED AGENDA AS zRESENTED. MorIoN CARRIED BY THE FOLLOWING VOTE., AYES.. ALVARADO, ESPERICUETA, GARCTA, GIVENS, AND PROUT. NAYS., NONE. ABSENT: NONE. ABSTENTIONS.' NONE. PRESENTATION: 1 Nina Barraza accepted a Resolution of Recognition of the Dedication of the Staff Sergeant Ricardo "Ricky" Barcaza Memorial Highway. 2 Coach Eli Espericueta and wrestling team members accepted a Resolution of Recognition of the Shafter Spartans Wrestling Team for their outstanding achievements in the 2018 season. PUBLIC COMMENT: Ocie Crawford invited the City Council to participate in an awards banquet for unity sponsored by True Love Tribes of Bakersfield CA. CONSENT CALENDAR: 1 Approve General Checks: April2,20l8, April 12, 2018. 2 Approve Payroll: March 30,2018, April 6,2018, April 13,2018. J Overtime Report: March 2018. 4 Approve Minutes: April 3, 2018, April3, 2018. 5 Find the proposal is exempt from the California Environmental Quality Act; accept the sewer easements for the purpose described above from Bidart Brothers, Minter Field Air District, andlor JDC Lerdo,LLC; and authorizethe City Engineer to record said easement. 6 Find proposed activity is not subject to the California Environmental Quality Act; and accept the dedication for Street and Public Utility Easement from'Wonderful Nut Orchards LLC and authorize the City Engineer to record said dedication. 7 Find the proposed activity is not subject to the California Environmental Quality Act; Minutes of the Shafter City CouncilMeeting April 17,2018 Page2 approve a cost proposal submitted by Elite Maintenance and Tree Service for landscape maintenance services at the Gossamer Grove development in the amount of $10,820 per month; and authorize the Public Works Director to award said work. 8. Find the Categorical ExemptiorVCategorical Exclusion determination for the project was approved by Caltrans on April 6,2078; and adopt Resolution 2584, a Resolution of the City Council of the City of Shafter, California, Authorizing the City Engineer to Execute Right of V/ay Certifîcate for Lerdo Hwy Median Guardrail Project Federal Project No. HSrP s28r(027). 9. Find the proposal is exempt from the California Environmental Quality Act; and approve Resolution 2585, a Resolution adopting a list of projects f'or fiscal year 2018-19 t-unded by SBl: The Road Repair and Accountability Act of 2017. 10. Find the proposed activity is not subject to the California Environmental Quality Act; and adopt Resolution 2586, a Resolution of the City Council of the City of Shafter, California Determining Amount of Annual Billing on the Unpaid Assessments for Assessment District No. 92-1 (North Park/l'{orth Shafter Assessment District). MovED (ctrnNs) AND SECzNDED (ALVARADI) couNCIL APPRIzED THE :oNSENT :ALENDAR AS PRESENTED, MOTION CARRIED BY THE FOLLOWING VOTE.' AYES., ALVARADO, ESPERICUETA, GARCIA, GIVENS, AND PROUT. NAYS,. NONE. ABSENT,, NONE. ABSTENTIONS., NONE. COUNCIL ANNOUNCEMENTS AND REPORTS: On April 17,2018, Mayor Prout and City Manager Hurlbert attended the ribbon cutting ceremony celebrating the grand opening of Shafter Medical Plaza. They are offering pediatric, urgent care and laboratory serves. On April 10,2018, Mayor Prout attended the Shafter Police Coffee with a Cop held at Brookside Deli. CITY MANAGER COMMENTS AND REPORTS: City Manager Hurlbert reported on previous and upcoming events. MANAGEMENT REPORTS: SHAFTER \ilASCO PUBLISHING, LLC LEASE AGREEMENT 406 CENTRAL AVENUE: City Manager Hulbert made introductory comments. MovED (ctvnNs) AND ;ECzNDED (ESpERrcuErA) couNCIL FIUND THE PRIPzSED ACTIVITY IS Nor SUBJECT TO THE CALIFORNIA ENVIRONMENTAL QUALITY ACT,' AUTHONZED THE CITY MANAGER TO EXECUTE THE LEASE AGREEMENT WITH SHAFTER WASCO TRIBUNE FOR PROPERTY LOCATED AT 406 CENTRAL AVENUE TO A TItrO YEAR LEASE FOR THE PERIOD BEG]NNING MARCH ], 20]8 AND ENDING AUGUST 31, 2018 IN THE AMIUNT oF ZERI DzLLARS 80,' PON THE PER]OD BEGINNING SEPTEMBER ], 20 I 8 ¿un ENDTNG FEBRUARr 28, 20 I 9 wrrH A MzNTHLr LEASE pAvMENr oF 85 25 AND FoR THE PENzD Minutes of the Shafter City Council Meeting April 17, 2018 Page 3 BEGINNING MARCH ], 20]9, AND ENDING FEBRUARY 29, 2O2O W]TH A MONTHLY LEASE PAYMENT OF 8565. ¡'tortou :ARRIED By rHE FzLLIITING vorE: AYES,. ALVARADO, ESPERICUETA, GARCIA, GIVENS, AND PROUT. NAYS,, NONE. ABSENT,. NONE. ABSTENTTONS.' NONE. 2. SHAFTER RECREATION AND PARK DISTRICT (SRPD) LAND ACQUISITION MEMORANDUM OF UNDERSTANDING AMENDMENT: City Manager Hulbert made introductory comments. MIVED (crvøNs) AND SECzNDED (ESPENCUETA) COUNCIL FIND THE SUBJECT ACTIVITY IS EXEMPT FROM THE CAL]FORNIA ENVTRONMENTAL QUALITY ACT,' AUTHONZED THE CITY MANAGER TO FINALIZE AND EXECUTE AN AMENDMENT TO THE MEMORANDUM OF UNDERSTANDING I.44TH SHAFTER RECREATION AND ZARK DTSTRTCT REGARDTNG THE TERMS OF ACQUTSTTTON OF APN 089-140-07. MOTION CARRTED BY THE FOI,LOWING VOTE.' AYES,. ALVARADO, ESPENCUETA, GARCIA, GIVENS, AND PROUT. NAYS., NONE. ABSENT., NONE. ABSTENTTONS., NONE. Ja TOW COMPANY APPROVAL RE,QUEST: Police Chief Zimmermawt m¿ide introductory comments. MovED (ctraus) AND ;ECzNDED (nsrnrucunrA) couNCIL FIUND THE PRoPoSED ACTIVITv IS Nor SUBJECT TO T-HE CALIFORN]A ENVIRONMENTAL QUALITY ACT,' AND AUTHORIZED DEVON'S TOI4/ING B¿I.SINESS OFFICE AND STORAGE YARD LOCATION BEYOND ONE MILE OF THE SHAFTER CITY LIMITS TO l6000 HI\/Y 43, 2.4 wTns TnoM THE SHAFTER CITY LIMITS. MOTION CARNED BY THE FOLLOWING VOTE., AYES., ALVARADO, ESPER]CUETA, GARCIA, GIVENS, AND PROUT. NAYS,. NONE. ABSENT: NONE. ABSTENTIONS.' NONE. 4 2018 DO\ryNTOWN ALLEY IMPROVEMENT PROJECT AWARD: Public Works Director James made introductory comments. MovED (ctrnNs) AND ;ECzNDED (ESpERrcuErA) couNCIL FIUND THE PRIPoSAL IS EXEMPT FRIM THE CALIFORNIA ENVIRONMENTAL QUALITY ACT; ACCEPTED INFORMAL COST PROPOSALS RECEIVED FOR A PROJECT TO IMPROVE TWO C]TY ALLEYS AS PRESENTED AND SUMMARIZED PRESENTED IN THE STAFF REPORT,, AND AUTHORIZED THE PUBLIC WORKS DIRECTOR TO ISSUE A NOTICE OF ATí/ARD AND NOT]CE TO PROCEED TO KERN ASPHALT PAVING AND SEALTNG CO., INC. MOTION CARNED BY THE FOLLOT4ING VOTE.' AYES., ALVARADO, ESPENCUETA, GARCIA, GIVENS, AND PROUT. NAYS: NONE. ABSENT.. NONE. ABSTENT]ONS., NONE. DEPARTMENT COMMENTS AND REPORTS: Minutes of the Shafter City Council Meeting April 17,2018 Page 4 Public Works Director James reported on the Well 20 drilling Project to start next; a Sustainable Groundwater Act workshop next week; and a free recycling drop off bulky and electronic waste event on April 2I atthe Aquatics Center. City Manager Hurlbert reported that the response to the Notice of TCP notification was minimal Zervis process to select the financial software vendor recommendation to council before the end of June. RECESS MovED (nsrnntcunrA) AND ;ECzNDED (ctnul) couNCIL RECESSED INTI cLosED,srs,slo¡/ Ar 7:45 P,M. MOTION CARNED WITH NO OPPOSITION, CLOSED SESSION: 1 CONFERENCE WITH REAL PROPERTY NEGOTIATIONS: (Government Code 54956.8) Property: 100 Carver St. 5501 Lerdo H-y; Agency negotiators: City Manager Hurlbert and Administrative Services Director Zervis; Negotiating parties: JDC Lerdo LLC; Under negotiation: price and terms of payment. No REP)RTABLEACTI)N. 2 CONFERENCE WITH REAL PROPERTY NEGOTIATIONS: (Government Code 54956.8) Property: APN 089-140-07; Agency negotiators: City Manager Hurlbert and Administrative Services Director Zervis; Negotiating parties: John and Jean Ohanneson CRT; Under negotiation: price and terms of payment. No REP)RTABLE ACTIzN. a J CONFERENCE \ryITH REAL PROPERTY NEGOTIATIONS: (Government Code 54956.8) Property: 504 Rodeo Ave,, 508 Rodeo Ave.,512 Rodeo Ave., 516 Rodeo Ave., 520 Rodeo Ave., 524 Rodeo Ave., 602 Rodeo Ave., 606 Rodeo Ave., 610 Rodeo Ave., 614 Rodeo Ave., 618 Rodeo Ave., 622 Rodeo Ave,,626 Rodeo Ave.; Agency negotiators: City Manager Hurlbert and Administrative Services Director Zervis; Negotiating parties: City Manager Hurlbert and Administrative Services Director Zervis; Under negotiation: lease price and terms of agreemenf. No REP)RTABLE ACTI)N. ADJOURNMENT: MovED (ctvnus) AND ;ECzNDED (ESzENCUETA) couNCrL ADJIURNED THE MEETING AT 9:21 p.M. MOTION CARRIED WITH NO OPPOSIT]ON, Cathy L. Prout, Mayor ATTEST: Christine Wilson, City Clerk SffiRC¡TY OF M"/Vm 2018 C¡NCO DE MAYO CELEBRATION GRAND MARSHALS Albert Barrera, Vince Duffy, & Gilbert Rodriguez WHEREAS, the Cinco de Mayo Committee has selected Alþert Barrera, Vince Duffy and Gilbeft Rodriguez as the Grand Marshals of the 2018 Cinco de Mayo Celebration; and WHEREAS, these men have served as the Shafter Gladiator Football Coaches and have played a major role serving the community of Shafter for over 20 years, instilling in their players the fundamentals and knowledge of how to play the game as a feeder program for the Shafter High Generals Football Program; and WHEREAS, the Gladiators had their share of wins and losses, claiming the Varsity Championship for two consecutive years, in 2005 and 2006, and Rookies Championship in 2016; and WHEREAS, these coaches have learned from their coaching experiences that it is not about the championships, but the values they were able to instill in the lives of the community's children; and WHEREAS, participation in organized athletics helps build character and teaches a wholesome sense of good sportsmanship among our youth; and NOW THEREFORE, l, Cathy L. Prout, Mayor of the City of Shafter, on behalf of the entire City Council, do hereby commend Albert Barrera, Vince Duffy, and Gilbert Rodriguez, for their dedication and service as the Shafter Gladiator Coaches, and congratulate them as the 2018 Ginco de Mayo Celebration Grand Marshals. PASSED AND ADOPTED this Sth day of May, 2018. Cathy L. Prout, Mayor City of Shafter May 1,2018 To Honorable Mayor and Members of the Shafter City Council BIANNUAL REVIEW OF CONFLICT OF INTEREST CODES The Political Reform Act requires all public agencies to adopt a Conflict of Interest Code. The Act requires that conflict of interest codes be amended for changed circumstances such as an update to the designation of positions having a decision-making capacity, an update to assigned disclosure categories and inclusion of new provisions required by statute. ooAct" The and, in particular, Government Code Section 87306.5 require that no later than July I of each even-numbered year, the City Council, as the City's code-reviewing body, notify and direct the City Manager to review the City's Conflict of Interest Code. The Act also requires the City Manager file a statement regarding the results of the review no later than October 1 of the same year. If the review reveals that a change in the Code is necessary, revisions must be submitted to the City Council for approval within ninety (90) days of the frling of the statement of review. CEQA ANALYSIS The proposed activity is not subject to the California Environmental Quality Act (CEQA) because it is not defined as a "Project" pursuant to Section 1537S(bX5) of the CEQA Guidelines. FISCAL IMPACT There is no significant cost associated with this biannual review process. Any legal assistance or other costs that may be incurred can be accommodated within the approved2017-18 annual budget. RECOMMENDATION Council direct the City Manager to review the City's Conflict of Interest Code pursuant Government Code Section 87306.5; to file a statement of review with the City Clerk no later than October 1,2018; and if necessary, to submit a revised the Conflict of Interest Code for Council approval. Scott Hurlbert City Manager CONSENT CALENDAR . May 1, 2018 To Honorable Mayor and Members of the Shafter City Council LIFT STATION \ryITHIN GOSSAMER GROVE GRANT DEED NOTICE OF ACCEPTANCE The Gossamer Grove specific plan development is under continuous development by Lennar Homes of California. The sewer lift station that serves the development resides on a sewer easement dedicated to the City of Shafter in 2016. Lennar Homes of California now wishes to permanently transfbr title of the sewer lift station property to the City of Shafter. A map of the proposed land to be deeded to the City is attached. It is normal for the City to have rights and title to the property that city lift stations occupy. The transfer of this property will be at no cost to the City of Shafter. CEQA ANAYLSIS An Addendum to the Certified Final Program Environmental Impact Report for the 2005 General Plan Update and related actions (SCH 2004101029) was certified for the Gossamer Grove Specific Plan, as amended (Resolution No. 2452), which identifies the development of the subject lift station under Figure 3-12 (Ordinance No. 681). No additional environmental documentation is required for the proposed action. FISCAL IMPACT Upon acceptance, the City will be financial responsible for the operations and maintenance of this sewer lift station. These lift station expenses are considered part of the normal operations of the City's Wastewater Fund. The City's additional wastewater revenues from customers being served by this lift station will more than cover these additional expenses. These factors were considered in the City's utility rate plan and 2017-18 operating budget so no budget action is necessary with the approval of this item. RECOMMENDATION Council find the certified Addendum for Gossamer Grove Specific Plan, as amended, adequately addresses the proposed action; accept the grant deed for the portion of property on the West side of Gossamer Grove Blvd. North of Seventh Standard Road occupied by the Gossamer Grove lift station from Lennar Homes of California Inc.; and authorize the City Engineer to record said documents. Scott Hurlbert City Manager ATTACHMENT 1. Lift Station Site Map CONSENT CALENDAR \É M. rl 1 I P^LS.8189 t- f f* i I I I r I I OF cÀL I TEMPORARY LIFT STATION ACCESS \ I (PER SEPARATE DOCUMENT) { ({ t L ,ry,,t( I I { I ,r)'srRErr oírÃil, I UTILITIES E4SEMÃNT l*-l- PER TRACT NO, 6761 (F1RMERLY KNOWN AS VERDUÀO |ANE) :,i#ísn, ¡r I I È I ì"J I I ÑE I fract sr o I 61 )Ë"*? = (^ MB I I I I I --\ I L I rnuE Fofivr oF 8Ebnfr{ñrc \,, ìo Ë O) qt l N ü N ñ \ t* i þ \-*- N 1 00' o' loo' 6 g I alù o I ae¡ SCALE: l"= 100' = ( vrÄE w. *nrn \----l--- I __r N^g',1J'07"W AO.OO'z g mr ,'ltaNn4RD ß(MD Noo'4a'12"8 7l.oo'--t \ N00'52'24"E 24,99'- ZH,SDANDARD PARATT.EL N f,twE 6Ð/n W. POINT OF COMMENCEMENT N t/+ con. s¡EC. 6-29/27, FD. Kcscu w/2" BR. cAP tN LH MKD FoR coR. & REP1"/rCED l-21-t t PER RS N0. 3222; AND 5E COR. OF LOT 3 OF TRACT NO. 6761, BOOK 59 OF MAPS, PGS. 42-45 EXHIBIÏ FOR; PREPAREO BY: sOEO CAUFORNIA AVE JOB NO. surr€ 220 1 3019t LIFT STATION BAKERSFIELD, CA 93309 DWG. ¡.IAME: (661) Ð(Hl8fl-ufT srAlþÍ{ v IEL: 616-2600 Quad Kno F/0<; (661) 616-5e70 EXHIBIT "8" USE DRIY BY¡ KM CHK 8Y: ÊW May 1,2018 To Honorable Mayor and Members of the Shafter City Council GRANT DEED/DEDICATIONS OF EASEMENT FOR STREET AND PUBLIC UTILITY PURPOSES FROM THE JOHN AND JEAN OHANNESON CRT FOR THE SHAFTER RE,CREATION AND PARK DISTRICT DEVELOPMENT APN 089-140.07 On Jan¡ary 30,2Q18, Council approved execution of a Memorandum of Understanding (MOU) with the Shafter Recreation and Park District (SRPD) concerning acquisition of three parcels between East Ash and Lerdo Hnry, west of Golds Ave., for a multi-use recreation facility and future business park/commercial uses. On March 6,2078, Council approved City acquisition of the easternmost parcel (APN 089-140-07) held by the John and Jean Ohanneson CRT and the property is in escrow. The SRPD is in the process of obtaining grant funds to purchase a portion of the Ohanneson property from the City once the City acquisition is complete and grant funding is known. Prior to the SRPD purchase, the City would like to have the streets and public utility areas dedicated to the public. The proposed dedication will allow Golds Ave. to be constructed from E. Ash Ave. to Lerdo Hwy. In addition, the City would like to have a commercial alley dedicated on the north side of the recreational park. This alley way will be used for public access around the park and for utilities for both the park and commercial developments on the south side of Lerdo Highway. The attached map shows the proposed development of the recreational park and the proposed easements. This acceptance is limited to the Ohanneson property only. Staff is evaluating whether the dedications will be grant deeds or dedication of easement. Staff is requesting approval for both options. CEQA ANALYSIS An Addendum to the Certified Final Program Environmental Impact Report for the 2005 General Plan Update and related actions (SCH 2004101029) was certified (Resolution 2578) for the City of Shafter and Shafter Recreation and Park District acquisition of properties west of Golds Ave., between East Lerdo Hwy and East Ash Ave., for park planning purposes. No additional environmental documentation is required for the proposed action. FISCAL IMPACT The easement dedications will be provided at no cost to the City of Shafter. Any needed improvements to be constructed in the easement area will be considered and included in future City budgets and capital improvement programs. RECOMMENDATION Council find the certified Addendum for the City of Shafter and Shafter Recreation and Park District project adequately addresses the proposed action; accept the grant deed and dedication of easement for street and public utility purposes from the John and Jean Ohanneson CRT; and authorize the City Engineer to record said documents. CONSENT CALENDAR Scott Hurlbert City Manager ATTACHMENTS 1. Planning Map PLANNING MAP CITY OF SHAFTER lÍþO ifiVY './*SÊ '1F.d ¡s¡q lvExue 1( t,; ¡ l;.li ù r¡9 ;::*4#; I lÌ I PhNNING MAP CIT CÊ SHÀNER I l"l¡ .ffi0sffrìr8 *-.'ö12 ffi cf $rfiEF sH¡fiER COUi$f 0f Xr-R{ C{ -wn*r6ffiFm) YI ,¡Mffi@ðStFe) I 'If;*' # lNo. 1Eo22z May 1,2018 To Honorable Mayor and Members of the Shafter City Council 2018 EAST LOS ANGELES AND SOUTH SHAFTER AVENUE SHOULDER PAVEMENT PROJECT Swanson Engineering, Inc. was previously awarded a professional services contract to prepare construction plans for a project covering the construction paved shoulders on East Los Angeles Ave. between Hwy 43 and Thompson St. and South Shafter Ave. betweenBlizabeth Ave. and East Riverside St. In addition to paving shoulders, the project includes grading work to improve drainage near the edge of pavement along the new shoulders as well pavement restriping. The plans prepared by Swanson have been approved by Staff for bid purposes. The work scope and engineer's estimate require Council approve the plans and authorize formal bidding procedures. CEQA ANALYSIS The proposal is exempt from the California Environmental Quality Act (CEQA) pursuant to Section 15301(c) of the CEQA Guidelines in that the City is only proposing shoulder improvements for two existing roads. The shoulder improvements proposed for East Los Angeles Road will cover approximately three quarters of a mile for the existing two-lane road. The shoulder improvements proposed for Shafter Avenue will cover approximately one quarter of a mile for the existing two-lane road. All the shoulder work, which is for public health and safety pu{poses, will occur within the existing public right-of-way. No expansion or additional traffic lanes are proposed for the project segments of East Los Angeles Avenue and Shafter Avenue. No sensitive species habitat, record of sensitive species, wetlands, or historical structures are located within, adjacent to, or near the project right-of-way alignments. FISCAL IMPACT There is no significant fiscal impact for initiating the bidding process. Once the bids have been opened, staff will present the results for Council consideration. This project is included in the 2017-I8 operating budget and capital improvement plan. Any budget amendments resulting from the bid results will be presented for consideration at the time of award. RECOMMENDATION Council find project is exempt from the California Environmental Quality Act; approve plans for 2018 East Los Angeles and South Shafter Avenue Shoulder Pavement Project; and authorizethe City Engineer to release the project for formal bidding. Scott Hurlbert City Manager ATTACHMENTS 1. Project Estimate. 2. 2018 Project Plans CONSENT CALENDAR 2018 Shoulder Pavement Pro ect Estimate A. Shafter Ave. ITEM ÐESCRIPTION QTY UNITS UNIT COST ITEM COST I 112'HOT MIXASPHALT PG 64-10 248 TONS $ 100,00 $ 24,848.44 2 CLEARING AND GRUBBING 1 LS $ 3,000.00 $ 3,000,00 3 12- SCARIFY & COMPACT TO 90% 15,352 SF $ 1.00 $ 15,352.00 4 SAWCUT/GRIND EDGE 2,565 LF $ 0.80 $ 2,052.00 5 FOG SEAL 12,794 SF $ 0.05 $ 639.70 6 RA|SE UTTLTTES (LARGE) 0 EA $ 1,000,00 $ 7 TRAFFIC STRIPING 1 LS $ 2,000,00 $ 2,000.00 I TRAFFIC CONTROL 1 LS $ 5,000.00 $ 5,000,00 9 MOBILIZATION 1 LS $ 5,000.00 $ 5,000.00 Sub Total $ 57,892.14 B Los Angeles Ave. ¡TEM DESCRIPTION QTY UNITS UNIT COST ITEM COST 1 112'HOT MIX ASPHALT PG 64-10 625 TONS $ 100.00 $ 62,466,94 2 CLEARING AND GRUBBING 1 LS $ 3,000,00 $ 3,000,00 3 12'SCARIFY & COMPACT TO 90% 38,013 SF $ 1.00 $ 38,013.00 4 SAWCUT/GRIND EDGE 5,862 LF $ 0.80 $ 4,689,60 5 FOG SEAL 32,226 SF $ 0,04 $ 1,289,04 b RA|SE UTTLTTTES (LARGE) 7 EA $ 1,000.00 $ 7,000.00 7 RELOCATE EXISTING ROAD SIGN 2 EA $ 230.00 $ 460.00 B TRAFFIC STRIPING 1 LS $ 2,000.00 $ 2,000,00 o TRAFFIC CONTROL 1 LS $ 5,000.00 $ 5,000.00 10 MOBILIZATION 1 LS $ 5,000.00 $ 5,000.00 Sub Total $ 128,918,58 c Additional ltems ¡TEM DESCRIPTION QTY UNITS UNIT COST ITEM COST 1 CLASS il BACKTNG (TMPORT) 150 CY $ 70.00 $ 10,500.00 2 COMPACTION TESTING 1 LS $ 5,000.00 $ 5,000,00 3 ASPHALT TESTING 1 LS $ 3,000,00 $ 3,000,00 Sub Total $ 18,500.00 Grand Total 205,310.72 l0% Contingency $ 20,531.07 Totalw/ Contingency $ 225,841.79 CITY OF SHAFTER zü PROJECT PLANS FOR THE CONSTRUCTION OF z2 CITY OF 2018 SHOULDER PAVEMENÏ PROJECT ç)É zz?Ë SFIAFTER S. SHAFTER AVE. FROM R'VERSIDE ST. TO ELIZABETH AVE. sz E. LOS ANGLELES AVE. FROM THOMPSON ST. TO WEST OF CENTRAL VALLEY HIGHWAY ctt - @ o -@. SHEET INDEX "1" o E. t.ÔS AMt.tS AttGNutNt - S^nÔN tl+29 Ía 12+ao !t!, ø ^6Nuf Ì¡ o T, LOS AMES AWNÙ€ ALICNMENI SIÀLØ 42IAO IO 55Ig o S. SHÀFTEF A@UE ALJGNMENT - SÚNON 10+44 IO 23117 PROJECT fLl S'TE "¡ J_!4 i;, ú + "ctv E -ú t Ê Ã Ø H z Ë I Ø VICINTIY MAP Ø ! Ø ot I I N. t5. új q O O o k t- È ò E LOS Aì/E. g grus$ ARTA OF WORK AREA OF WORK WiNTERS DR]YF 16 15 $ KATTFNHORN 5E Ël ROAD Êst YINA DRIVE it ut ËååiËiË ¡rËÊåË ¡ËÈË¡: ËÈggË EåIåË h a : lr i t¡ rÈ E È Ë EË Ë I sc i IP È ¡ H ì8 3 ffi $ ã [-b¡ H [È h E !-n !-n [Þ t- E ol- o ì U) U) r +to I z. z ì ò o ð o ¡ m m I :. t t- tu f- ñ + m + _I U) R u I ñ ñ lrì g lã H l> rE tñ È il$ t6tË i18 l! ã Èld lñ ¡13 't8 lç q totffi lË I I ëI è-- q iI Þ--z ,i CÍTY OF SHAFIEB SwlNsotl SIIOIJI-OÊP PAI/EI,IENÍ PFO]ECT ENGINEERING, INC. sT2 E LOS Al'¿G-Eg ÂtE ALIC''¡I,ENI @x*L-+lz STA23+29 TO STA42+00 itft r ;i åÍì :È¡ z -lc iTa't"\ , l] I i¡:i:Ë:: t I lË ¡;i lÌq ¡;¡:i:iÈ ¡à :3e !E ) ,rçr'l -lË! 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SIIAFIEF Al,E Ál-ld[,lENT sTA 10+44 TO STA23+77 @ May 1,2018 To Honorable Mayor and Members of the Shafter City Council STATE AVENUE AND ALLEY IMPROVEMENT PROJECT BIDDING Staff has prepared construction plans and documents to formally bid the State Ave. and Alley Improvement Project. Due to the proximity of the planned improvements for State Ave. and the alley overlays, staff has consolidated the work into one project which should save time and resources compared to bidding managing separate projects. The work scope and engineer's estimate require the Council approve the project plans and authorize formal bidding procedures. The project for State Ave. is from Mannel Ave. to Pine St. The planned work includes removing and replacing deteriorated asphalt, replacing substandard and failing concrete improvements, installing new ADA-compliant ramps, new sidewalk and new pavement striping. The following alleys would be overlaid as a part of the project: 66H" . Shaped alley between Elm St. and Pine St. from Oak Court to State Ave. . Alley between Acacia St. and Sycamore Ave. from East Tulare Ave. to Sierra Ave. CEQA ANALYSIS The proposal is exempt from the Califomia Environmental Quality Act (CEQA) pursuant to Section 15301(c) of the CEQA Guidelines in that the City is only proposing road and sidewalk improvements for State Ave., between Mannel Ave. and Pine St., and pavement improvements for three existing alleys directly south of State Ave. The road and sidewalk improvements for State Ave. will cover afotal distance of 2,000 feet. All the road and sidewalk improvements on State Ave., which is for public health and safety pu{poses, will occur within the existing public right-of-way. No expansion or additional traffic lanes are proposed for the subject project. The alley pavement improvements, which are for public health and safety pu{poses, will cover atotal distance of 2,000 feet and occur only within the existing alley public right-of-way. No sensitive species habitat, record of sensitive species, wetlands, or historical structures are located within, adjacent to, or near the project right-of-way alignments of State Ave. and the subject alleys. FISCAL IMPACT There is no significant fiscal impact for initiating the bidding process. Once the bids have been opened, staff will present the results for future Council consideration. This project is included in the 2017-18 operating budget and capital improvement plan. Any budget amendments resulting from the bid results will be presented for consideration at the time of award. RECOMMENDATION Council find proposal is exempt from the California Environmental Quality Act; approve the plans for the State Ave. and Alley Improvement Project; and authorize the City Engineer to release the project for formal bidding. CONSENT CALENDAR Scott Hurlbert City Manager ATTACHMENT 1. Project Plans for State Ave. and Alley Improvement Project. J z U CITY OF SHAFTER a IJJ E a DEPARTMENT OF PUBLIC WORKS 0 fL ENGINEERING DIVISION x l t-I 4 e m PROJECT PLANS FOR THE CONSTRUCTION OF v. IL ALLEY IMPROVEMENT PROJECT STATE AVE & Ê It ? 39 a ù; 2Ë 5 É !E GENERAL NOTES z ¿ 1. THESE PLANS ARE TO BE USED IN CONJUNCTION WTH THE E :E CORRESPONDING CITY OF SHAFTER SPECIFICATIONS, CITY OF õ SHAFTER SUBDIVISION STANDARDS AND THE STATE OF z CALIFORNIA STANDARD PLANS AND SPECIFICATIONS IN EFFECT AT THE DATE OF BID. 4 2. THE CONTRACTOR MUST POSSES A VALID CLASS A AT THE TIME IJJ THAT THIS CONTRACT IS AWARDED, lr 3. THE UTILITY LOCATIONS SHOVVN ARE APPROXIMATE AND FOR l'¡. INFOR¡'ATION ONLY. THE CONTRACTOR SHALL CONTACT USA 1(800)642-2444 Ar LEASE 48 HOURS PRIOR TO BEGINNING r CONSTRUCTION WORK. 4¡ r,l LISTOF DRA'WINGS F ez SHEET 1 COVER SHËET n SHEET 2 DETAILS ù> REGIONAL LOCATION t¡l o SHEET 3 STATE STRËET CITY OF SHAFTER SHEET 4 STATE STREET COIJNTY OF KERN <.¿kl STATE OF C,A.LIFORNIA SHEET 5 ALLEYS äàË v Íñú¡Èbolo[ SHEET GaI¡*crouo¡, 1 OF 4 May 1,2018 To Honorable Mayor and Members Of the Shafter City Council TRANSFER OF TAX REVENUES FOR ANNEXATION NO. 87 PURSUANT TO EXISTING TAX SHARING AGREEMENT WITH COUNTY OF KERN The City of Shafter submitted Annexation No. 87 to LAFCO on November 22, 2017, to annex 3.89 acres of land (Derrel's Mini Storage property) within Shafter's existing Sphere of Influence Boundary. LAFCO has begun the proceedings (LAFCO Proceeding No. 1717) for approving the annexation. Establishing the tax sharing agreement between the City and Kern County is a requirement for annexation. Section 99 of the Revenue and Taxation Code requires Kern County and Shafter to negotiate and approve by resolution a tax sharing agreement for the annexation. On May 19, 2015, Council approved a Memorandum of Understanding (MOU) between Shafter and the County for transferring tax revenues upon annexation. The County signed the MOU (Kern County Agreement No. 296-2015) on .}l4ay 20,2015. This annexation falls within the parameters of the MOU which spells out the transfer of tax revenues upon arìnexation. LAFCO requires a resolution approving the tax sharing agreement for Annexation No. 87. CEQA ANALYSIS The City of Shafter Certified the Addendum to the Certified Final Program Environmental Impact Report for the 2005 General Plan Update and Related Actions (SCH No. 2004101029) for Annexation No. 87 on September 5, 2017, under Resolution No. 2545. FISCAL IMPACT Tax Sharing Agreement No. 296-2015 govems the split of future tax revenue from the annexed area. There is no significant fiscal impact associated with the annexation of 3.89 acres of land. RE,COMMENDATION Council find the certified Addendum for Annexation No. 87 adequately addresses the proposed action; and adopt Resolution 2587, a Resolution of the City Council of the City of Shafter Approving the Transfer of Tax Revenues Upon Local Agency Jurisdictional Change, City of Shafter Annexation No. 87 (LAFCO Proceeding No. 1717). Scott Hurlbert City Manager ATTACHMENT EXHIBIT Project Location Map 1 Resolution No. 2587 2 MANAGEMENT REPORT ANNEXATION NO. 87 sr^ -"O*4 9r, o¡. ANN oN NO. 87 i SEVEI{TH STANDARO ROAD July 28,2017 1:4,400 0 0.05 0.1 0.2 mi : : c¡ty D¡rt Museum : : County lnterstate Park 0 0.075 0.15 0.3 km . : other Stãte Highway Public Building Arport Roads Highway Recreåtion lnterstate Ramp School State Highway Arterial City Limib Highway Colþctor City Limts Shading Ramp Locâl/Residential Kem County Boundary Arleriâl Arport- Primary Colþctcr Arport- Gated Local/Residential Arport- Secondary -' Arport- Primary Dirt Arport- Gated Church Arport- Secondâry Church/School Cìty of Shafler all dghs reserved EXHIBIT,I RESOLUTION NO.2587 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SHAFTER APPROVING THE TRANSFER OF TAX REVENUES UPON LOCAL AGENCY JURISDICTIONAL CHANGE, CITY OF SHAFTER ANNEXATION NO. 87 (LAFCO PROCEEDTNG NO. t7l7) WHEREAS, pursuant to Revenue and Taxation Code Section 99,the Kern County Local Agency Formation Commission (LAFCO) has submitted its Notice of Filing of LAFCO Proceeding No. 1717 to the Kern County Auditor-Controller-County Clerk and has so notified the goveming bodies of the local agencies involved in the area of the proposed annexation; and WHEREAS, the aforesaid Section 99 provides that in the event a jurisdictional change would affect the service area or service responsibility of one or more special districts, the board of supervisors of the county or counties in which the districts are located shall negotiate any exchange of property tax revenues on their behalf; and WHEREAS, the City of Shafter and the County of Kern have entered into a Memorandum of Understanding dated }l4ay 20,2015 for the transfer of tax revenues upon annexation, and this annexation proceeding falls within the criteria specified in that agreement (Kern County Agreement No. 296-201 5). NOW' THEREFORE, BE IT RESOLVED AS FOLLOWS: Section L. Pursuant to the agreement between the County of Kem and the City of Shafter, tax revenues shall be transferred as specified under the Memorandum of Understanding dated May 20,2015 (Kem County Agreement No. 296-2015) for Annexation No. 87 (LAFCO Proceeding No. 1717). Section 2. Provided that the Kern County Local Agency Formation Commission approves the proposed annexation, the Kern County Auditor-Controller is requested to affect the above determined transfer of tax revenues. Section 3. The City Clerk of the City of Shafter is directed to inform the Board of Supervisors of the County of Kern, the Kem County Local Agency Formation Commission, and the Kern County Auditor-Controller of the determinations set forth herein by transmittal to them of the certified copies of this resolution. PASSED AND ADOPTED THrS l.t DAy OF MAy, 2019. Cathy L. Prout, Mayor ATTEST: Y azmina Pallares, Deputy City Clerk EXHBIT 2 May 1,2018 To Honorable Mayor and Members of the Shafter City Council ANNUAL MUNICIPAL AND INDUSTRIAL WATER USE PAYMENT An agreement executedin1952 (the"1952 Agreement") that permits North Kem Water Storage District (the "District") to use Kern River water rights owned by the City of Bakersfield wãs originally intended to cover irrigation, stock watering and underground water replenishment. An agreement amendment in 2008 was incorporated to further allow for certain municipal and industrial ("M&I") water use within the District's boundary provided Bakersfield is compensated at a set price per volume (acre-feet) of water used. Additionally, the District must report annually on what the M&I use is to support the payment for that use. The boundaries of the 1952 Agreement are within the current limits of the City of Shafter and appear to be subject to reporting and payment to Bakersf,reld. W'ater use within Shafter limits that is subject to this M&I water rights fee includes service provided by the City and Oildale Mutual Water Company ("Oildale"), who is currently serving the Gossamer Grove development. Both Oildale and the City have provided water use data foi 2017 to the District. The District then prepared and submitted a draft 2017 M&l report which outlines usage subject to the M&I payment to Bakersfield. The total payment proposed in the report is $72,554.30 and was accepted by Bakersfield and paid by the District. The District needs to be reimbursed for this amount based on the amount of water each utility delivered to its customers. This distribution is estimated to be $39,724.30 Oildale and $32,830 Shafter. per an agreement with the District, the City reimburses the full amount the District pays to Bakersfield and later invoices Oildale for its net share of the reimbursement. The City's f,tve-year utility rate plan effective July l, 2017 includes a supplemental charge to those water customers consuming water that contributes to the City's portion of the M&I payment. It generated an estimated $20,000 in rate revenue to use towards the City's 2017 payment. It is anticipated that there will be a smaller gap between the 2018 revenues and payment because this will be first full calendar year that the new charge will be collected. CEQA ANALYSIS The proposed activity is not subject to the California Environmental Quality Act (CEeA) because it is not defined as a "Project" pursuant to Section 1537S(bX5) of the CEQA Guideünàs. FISCAL IMPACT No budget action is required with the approval of this item. This expense was anticipated in the recently approved rate plan and approved operating budget for 2017-lB. MANAGEMENT REPORT RECOMMENDATION Council find proposed activity is not subject to the California Environmental Quality Act; authorize payment of up to $72,554.30 to reimburse North Kern Water Storage District for its payment to the City of Bakersfield on behalf of Shafter to comply with the "Agreement for Use 'Works 'Water of Water Rights"; and authorize the Public Director to invoice Oildale Mutual Company for its share of the M&I water use fees per the agreement with Bakersfield. Scott Hurlbert City Manager ATTACHMENT l. North Kern Water Storage District Invoice. 2. North Kern Water Storage District 2017 M&I Water Use Report March 2018 lnvoice North Kern Water Storage District Date: 4t4t2418 P. O. Box 8143S Account #: 384 Bakersfield, CA 93380-1435 lnvoice #: 10612 Due Date: 5t4t2018 City of Shafter 336 Pacific Sreet Shafter, CA 93263 Bílling Code Parcel Quentity Unit Type Unit Cost Total 2017 M&l Reimbursement Misc Non Water Sales 1.00 Each 72,5543A 872,554.30 lnvoice Total $72,554.30 Page 1 of 1 APPENDIX ''C" DETERMINANON OF qUANTITY AND AMOUNT PAYABTE TO THE clTY OF EAKERSF¡EID Determination of Price Baseline Price = $3l l per AF Producer Priæ lndex (All Adjusted Prioe Year Commodities)* (vAF) (Baseline 100 in 1982) June 2008 - 2008' 200.5 31'l June 2009 - 311 2009* 174.1 June 2010 - 2010" 183-5 311 June 201 1- 2011 203.9 u5-57 June 2012 - 2012 338.62 199-8 June 2013 - 2013 346.93 204.7 June2OtÇ 2ø14 353.03 208-3 June 201F 2415 329.98 t94.7 iune 201^6- 2016 317.6 787.4 June 2017- 2017 328.3 r93.7 * Per Amendment, price does nol until July 1, 2011 * Data from Bu¡eau of Labor Stat¡stics- All Commodities Determination of and Amount Owed Quant¡ty Amount M&l Use in NK Baseline M&l Adjusted Year Subject to Payable to (AF) Quantity (AÐ Price ($/AÐ Payment (AÐ city ($) $ 7215430 /ê 20.17 T-tãff¡o' NORTH KERN }VATER STORAGE DISTRICT 2OI7 MUNICIPAL AND INDUSTRIAL V/ATER USE REPORT Provided to the City of Bakersfield Pursuant to: Amendment No I to the 1952 Agreernent March 2018 INTRODUCTION 1952 AGREEMENT On January 1,7952 North Kern Water Storage District ("District") entered into an Agreement (*1952 Agreement") with the Kern County Land Company (KCLC) that provided the District with rights in perpetuity to use all water accruing under certain Kern River water rights for the purposes of "irrigation, stock watering, and underground replenishment". The City of Bakersfield ("City"¡ is the successor in interest to the KCLC with respect to the 1952 Agreement. AMENDMENT TO 1952 AGREEMEN1 On August 20,2008 the District and City entered into "Amendment No. 1" to the 1952 Agreement, This Amendment provides that the District may use waters diverted from the Kern River pursuant to the Agreement, whether by surface delivery or recharged as underground water replenishment for Municipal and Industrial ("M&I") purposes, otherwise known as non- agriculturalwater demands, provided the District annually pay to City, for each acre-foot of Kern River water delivered for M&I uses $31 I (as indexed) per gross aøe-foot of all M&l water delivered or retailed. Not included in M&I use is any domestic water used on farmsteads which would be actual homes or offices that are located on a working farm and any water used incidental to preparing or processing agricultural crops for market. Notwithstanding the above, existing M&I water uses of 500 afy within District shall not be subject to M&I fbes to City. The District must report on an annual basis the quantity of groundwater pumped within the District, and the quantity of M&I water delivered to homes and used within the District. The District reported to the City of Bakersfield in March 2017, the quantity of M&I water used for 2016. The following sections below provide the quantity of M&I water used for 2017. WATER USE F'OR 2017 GROUND\ryATER PUMPED WITHIN DISTRICT Appendix "4" provides information on annual groundwater pumping within the District for 2077; the estimated pumping for 2017 was 16,600 acre-feet. M&I WATER USE \MITHIN DISTRICT This report of M&I water use within the District does not include any domestic water used on farmsteads which would be actual homes or offices that are located on a working farm and any water used incidental to preparing or proccssing agricultural crops for market. Thc District did not deliver, retail or otherwise make available any Kem River water either by surface water or pumped groundwater for M&I use within the District in 2017. Direct meter records indicate that deliveries for M&I use within the boundaries of North Kern totaled 396 acre-feet in 2017. (See Appendix B for tabulation). This includes records from both the City of Shafter's water department and Oildale Mutual Water Company. M&I FEES PAYABLE TO CITY The total M&I fees payable to City due to new M&I water uses in2017 is tabulated in Appendix ,,C", 2 APPENDIX "A'' 2OI7 GROUNDWATER PUMPING IN NORTH KERN WATER STORAGE DISTRICT 2417 Source (1) NK Class 1 lnigation Deliveries/Usage (AFY) 78,582 NK Year End Data (2) Class 1 Acres 28.421 NK "base service charge" assessments (3) Class 2 Acres 27,286 NK "base service charge" assessments (4) Class 2 Acres as % of Class 1 96% (3) / (2) (s) Total Estimated Class 2 Usage (AFY) 75.440 (4) " (1) (6) NK Class 2 lrrigation Deliveries/Usage (AFY) 58.870 NK Year End Data (7) Estimated Class 2 Well Production/Pumping (AFY) 16,600 (5) - (6) (8) NK Deep Well Production/Pumping (AFY) NKYear End Data (e) Non-District Deep Well Prod uction/Pumpi ng (AFY) NK Year End Data (10) Total lllell Production/Pumping (AFY) 16,600 (7) + (8)+ (e) Notes. (a) NK supplies essentially all water to Class 1 lands (b) Class 2 cropping pattems are similar to Class 1 (c) 2017 Class I and 2 lnigation deliveries and deepwell pumping per NK year end date APPENDIX ''8" 2017 MUNICIPAL AND INDUSTRIAL WATER USE WITH¡N NORTH KERN BOUNDARIES SUPPLIED FROM CITY OF SHAFTER Site l- Tank 3- Service Area 20 M&l Volume Gonsumers Flr€tYear of Servlce Agriculturâl Crop Proces¡ing Del¡veÍed {Gallonsl rnsl ì0ss PoST-200S 0 ,700 ì0ss POST-200S 0 65,880 r0ss POST-2008 U 10.500 \UERICA¡I TIRE DISIRIBUÏORS POST-2008 0 3.589 300 \MERICAN TIRÊ OISTRIBUIORS POST-2008 0 2,974,900 I!EATHÊRFORD POST-2008 0 1.228 EOU TOLI- PROPERTIES PRE-2008 0 491,269 ItL}/tAN GROUP PRE-2008 0 337i 678 ;oßMtcA PRE-2008 0 52 IOGISÏIC PARK PRE-2008 0 2,393,400 'ARAMOUNf ,ARAIúOUNT LOGISÍ IC PARI( PRE-2OOB 0 600 \MERICAN TIRE DISIRIBUTORS PRE-2008 rl 700 IARGET PRE.2008 0 10,876,958 |ARGEI PRE.2008 0 1,105.'117 Tôtâl ln âî-fr fôr ôrê 2OOB sêruicè foþl in ac-fr îor Dost 2008 sery¡ce for 2017 0 39 folal In ec-ft lor 2017 U 'tgt Site 2- Tank 4- Servlce Area zo17 Agrlcu¡tuml Crop M&l Volume Consumerr Flrst Year of Service Proceggino Delfvered ((jatl()nst XDARÍ BROS PRE-2000 4.774.156 \ORIH KERN WATER STORAGE PRE-2008 0 40u IEFFRIES BROS PRE-2008 0 3MC ROOFING 8 BUILDÍNG PRE-2008 0 266 SUINN CONSTRUCIION PRE-2008 0 )ALE A WALKER PRE-2008 0 tvlttlAM vAsttovtcH PRE-2008 (, 1ö i¡TNTER FIELD AIR MUSUEM PRE-2008 0 5{l 594 :LYING M AVIATION PRE-2008 o I,IUNGER BR0S PRE-2008 o {¡cHoLAS CONStRUCft0N PRE-2008 0 24 ,AMËS R MCOONATO PRE-2008 0 úSTIK ROD & KUSTOilIZ BODY SHOP PRE-2008 0 2Q (ENTCÍ{ MANAGEMENT PRE-2008 n )ENDING ACCT PRE-2008 0 334 )ENDING ACCT PRE-2008 0 14, )ÊNDING ACCT PRE-2008 0 ]AYER CROPSCIENCE PRÊ-2008 o 347,819 úINÏER FIEI.D AIRPORT OISTRICT PRE-2008 0 1 rAF PRE-2008 o 309 ]HAFTER AIRPORI INVESf MENTS PRE-2008 U 1,b4ð,t'uu IHE SCOTTS COI\¡PANY PRE-2008 0 263,9UU IHE SCOTTS COMPANY PRE-2OOB 0 3,'150,600 sRIMÑI/VÀY ENTERPRISES PRE-2008 4.698 000 0 pRE-2008 úINTER FIELD COMPLEX 0 2.630.600 ùIERCEDES ENGINEERING PRE-2008 0 2a iTAN ELLIS PRE-2008 o 18 I&T EOUIPMENÍ RENTAL PRE-2008 0 APPENDIX ''B'' 2017 MUNIC¡PAL AND INDUSTRIAL WATER USE WITHIN NORTH KERN BOUNDARIES SUPPLIED FROM CITY OF SHAFTER SItL PROPERTIES PRË-2008 0 1 89.770 NËSTAR PRÊ-2008 0 )RLANÐO SARI\¡INA FLORES PRE-2008 0 19,22 .ARRY EYNUM PRÊ-2008 172.980 3AF PRE.2008 0 10.642 300 ruESTEC PRE-2008 0 418 ruESTEC PRE-2008 0 229 ruEST COASÍ PtPE lNSpËCllON PRE-2008 0 1123.400 \¡INIER FIELD AIRPORT DISTRICÏ PRE.2OOB 0 NLAND CROP DUS'TËRS PRE-2008 0 140,1 70 NLAND CROP DUS'IERS PRÊ-2008 0 1,039.900 ÑONDÊRFUL ORCHARDS PRE-2008 0 10,279 /IROINIA SKIBY PRE-2008 0 9,434 JENDING ACCT PRE-2OOB 9.982 ìOGER WITSON PRÊ-200S 0 824 VINfÊR FIETD AIRPORT DISIRICT PRE-2ô08 0 120,544 IiASSEY AIRCRAFl SERVICE PRE.2OOB 0 105,292 I,4¡N'IER FIETD AIRPORI DISTRICÏ PRE-2OOB 0 115,443 UINTER FIÊTD AIRPORT DISTRICT PRE-2008 0 11,193 SÍATE OF CALIFORNIA PRE-2008 0 333,077 /!INGMASTER AÊRONAUTICS PRE-2008 0 4.5 TAtLEY AIRCRAFI PRE-2008 0 32,148 JOHSUA KNERR PRE-2008 0 4,488 ¡/OOD WING SPECIALry PRE-2008 0 17.618 SLENN LYDAYWELDING PRE-2008 0 254,683 â ÈAYER CROPSCIËNCE PRE-2008 0 IHE SCOÌIS COMPANY PRE-2008 0 76,1 38 MINTER FIELD AIRPORT DISTRICT PRÊ-2008 0 1 36 ,ERFORMANCE FOOD CROUP PRE-2008 0 JS AG POST-2OOB 0 12Õ IROOST HAY SALËS POST-2008 0 1,033,r 00 ,ERDO CHEVRON POST.2OOB 0 379.000 ]RAPERY POST,2008 0 1.682.827 JRAPERY POST-2008 0 3,387,999 ]CIIOA PALLET CO¡/PANY POST-2008 0 600 200 ]OVER ENERGY POST-2008 0 I .095.1 00 {ICHOLAS CONSTRUCTION POST-2008 0 629,500 ]ROBUfLD POST.2008 0 23s,045 ]ALIFORNIA PAPER POST.2008 0 't,ti81 ]ALIFORNIA PAPER POST-2008 0 2,714,137 ]ALIFORNìA PAPER POST-2008 5.078 000 ]ALIFORNIA PAPER POST.2OOB 0 2,7 51 ,100 flONDERFUL ORCHARDS POST.2008 0 0 A/ONDËRFUL ORCHARDS POST-2008 0 354,900 Totâl ¡n âc-ft fôr ôre 2008 serv.ice 1 Total in ac-ft for post 2008 service for 2017 0 Toþnn dc-n îor 2017 ' I Oildale Mutual Water -TI 2()17 AgricultuÉl Crop M&l volume Consumefs First Year of Sefvice Prôrêsß¡nd fìeliverad (Gallonsl (Gallonsl ,ENNAR 2015 4.31 r.009 .ENNAR 2015 35.077.860 Total in ac-ft for post 2008 sevice for 2017 0 121 29 3S6. Total Quan¡ty ln ac-ft subject to Payment for 0 221 2î,t7 APPENDIX "C" DETERMINATION OF QUANTITY AND AMOUNT PAYABTE TO THE CITY OF BAKERSFIETD Dete¡mination of Price Baseline Price = $311 per AF Producer Price lndex (All Adjusted Price Year Commodities)* ($rAF) (Baseline 100 in 1982) June 2008 - 311 2008* 200.5 June 20Og - 2009* 174.1 311 June 2010 - 2010* 183.5 311 June 2011- 2011 345.57 203.9 June 2012 - 2012 338.62 199.8 June 2013 - 2013 346.93 204.7 June 201& 2014 353.03 208.3 lune 201.5- 2015 329.98 794.7 June 2016- 2016 317.6 787.4 June 2017- 2017 328,3 193.7 * Per Amendment, price does not adjust until July 1, 201 1 *'Data from Bureau of Labor Statistics- All Commodities Determ¡nat¡on of and Amount Owêd Quantity Amount M&l Use in NK Baseline M&l Adjusted Year Subject to Payable to (AF) Quantity (AF) Price ($/AF) Payment (AF) city ($) 2417 396 500 221 $ 328.30 $ 72.554.30 2017 Total 72,554.30 May 1,2018 To Honorable Mayor, and Members of the Shafter City Council PURCHASE AND SALE AGREEMENT AND JOINT ESCRO\ü INSTRUCTIONS FOR LOTS 1 THROUGH 13 OF TRACT 6936 TO JEREMY WILLER CO. On or about March 23,2018, staff listed lots l-13 of Tract 6936 (Assessor Parcel 026-720-02 through 026-720-14) for sale. These properties are located on the north side of Rodeo Ave., west of S. Schnaidt St, across from Veterans Park. The properties are identified on the map below. At the time of listing, the property appraised at $830,000 or $63,846 per lot. The City listed the property for sale at a price of $910,000 or $70,000 per lot with a statement that discounts from that price would be considered for multiple lot purchases. The City's goals for the sale and ultimate development of this property, which is consistent with conditions of approved Tract l|l4:ap 6936, is to have homes developed on this property consistent with the size, attributes, and quality of Tract 6584 immediately to the west and northwest of this property, and to maximize the immediate sale price and ongoing property tax revenues. The City ultimately received four "frnal and best" offers to purchase these properties as summarized below. MANAGEMENT REPORT Name Total Price Price Per Lot Comments Jeremy \ililler Co $825,500 $63,500 o develop similar as to his Blackhawk in Bakersfield which are roughly 000 ./ft. homes. Self Help Housing $325,000 $25,000 To develop qualified affordable housing. Below the min. 1,800 sq./ft. but flexible on exterior elements. Amrit Brar LLC $801,000 $61,615 To develop 2,000 - 3,000 sq./ft. homes with vertine floor, 10-12 ft. ceiling, covered stucco patios custom cabinets, 3 car garage, lic double door entries Melvin Morris $71 000 $55,000 After careful review, the proposal from Jeremy Willer Co. has been found to best achieve the City's goals as described above by offering both a higher sales price for the property and planning to build out the development with the desired quality and amenities to match the adjacent properties to the west and northwest. Although Mr. Brar's proposal included some specific quality and design elements, based on discussion with the City's real estate broker and currentþast projects, Mr. Willer's proposed product is of a very similar quality and design to that which Mr. Brar is proposing. To ensure this is the case, ifthis sale is approved, the City will record Covenants, Conditions, & Restrictions (CC&R's) or a similar instrument on the title of the properties before they are sold, as stated in the Seller Counter Offer No. I document attached. Examples of Jeremy Willer Co., projects can be located on his website at http://wwwjeremywiller.com/index.php CEQA ANALYSIS The City of Shafter adopted a Negative Declaration for Tract No. 6936 on Decemb er 19,2006. No additional environmental documentation is required for the proposed action. FISCAL IMPACT The proposed sale would result in the gross sales price of $825,500,Iess expenses, to be deposited into the City's Low and Moderate Income Housing Fund. The sale and development of these properties would generate annual property tax of roughly $3,640 to the City's general fund which will help offset the cost of providing non-utility municipal services, such as police, fire and code compliance, to these parcels. RECOMMENDATION Council find the adopted Negative Declaration for Tract 6936 adequately addresses the proposed action; approve the purchase agreement and joint escrow instructions selling lots I through 13 of Tract 6936 (Assessor Parcel Numbers 026-720-02 through 026-720-14) to Jeremy Willer Co.; and authorize the City Manager and Administrative Services Directorto execute any and all documents necessary to complete the transaction. Scott Hurlbert City Manager ATTACHMBNTS 1 Appraisal 2 Vacant Land Purchase Agreement and joint Escrow Instructions. J Seller Counter Offer No. 1. Valbr¡dge PROPERTY ADVISORS Appraisal Report Tract 6936 13 Finished Lots on Rodeo St. Shafter, Kern County, California 93263 Report Date: March 23,2018 1 ;ql l- l*. '+"ír'¡"ustîiJ* ii ili . -. " ... I I "5;--: l". f i¡ I G T j a I i i: FOR: City of Shafter 336 Pacific Avenue Shafter, CA 93263 Valbridge Property Advisors I Central California 4915 Calloway Dr.,#101 Bakersfield, CA 93312 661-587-1010 phone Valbridge File Number: 661-834-0748fax cAoB-18-167 valbridge.com Valbridge Central California PROPERTY ADVISORS 4915 Calloway Dr., #101 Bakersfield, CA 93312 661-587-1010 phone 661-834-0748 fax valbridge.com March 23,2018 Michael C. Burger 661_-581-1_010 [email protected] City of Shafter 336 Pacific Avenue Shafter, CA93263 Appraisal Report (C408-18-L67) Tract 6936 13 Finished Lots on Rodeo St. Shafter, Kern County, California 93263 Attention: James L. Zervis, Administrative Services Director In accordance with your request, we have prepared an appraisal of the above-referenced property. This appraisal report sets forth the pertinent data gathered, the techniques employed, and the reasoning leading to our value opinions. The subject property, as referenced above, is located on the north side of Rodeo St., west of South Schnaidt St., and further identified as Tract 6936. The L3 lots are assumed to be finished and average 1.1.,774 sq.fl. We developed our analyses, opinions, and conclusions and prepared this report in conformity with the Uniform Standards of Professional Appraisal Practice (USPAP) of the Appraisal Foundation; the Code of Professional Ethics and Standards of Professional Appraisal Practice of the Appraisal Institute; and the requirements of the client as we understand them. City of Shafter is the client in this assignment and the intended user of this report. The intended use is for internal planning for possible sale. The value opinions reported herein are subject to the definitions, assumptions and limiting conditions, and certification contained in this report. The subject property contains L3 finished residential lots. This appraisal assumes all utilities are connected and all improvements completed, as reported by the client. The client requested the as-is value on an individual and bulk basis. O 2018 VATBRIDGE PROPERTY ADVISORS I Central California Page i TRACT 6936 Mvatbridoe INTRODUCTION \Ïïi'ry pqoprRï\' ¡ou,s'ont If there are extraordinary assumptions and-or hypothetical conditions used in this report, the use of which might have affected the assignment results. The acceptance of this appraisal assignment and the completion of the appraisal report submitted herewith are contingent on the following extraordinary assumptions: Extraordinary Assu mptions: ¡ The client reported all utilities and improvements are complete. This appraisal assumes all utilities and improvements are complete, ready for home construction, with no additional repairs or improvements required. r Covenants, Conditions, and Restrictions (CC&.R's) for the subdivision, were unavailable. This appraisal assumes CC8¿R's are not overly restrictive and that development will be similar to surrou nding developments. Hypothetical Conditions: . None Based on the analysis contained in the following report, our value conclusion involving the subject property with an exposure time of 6-months, is summarized as follows: Value Conclusions As-Is Description 13 Finished Lots Value Type Market Value Property Rights Appraised Fee Simple Effective Date of Value March L6,20L8 Value Conclusion $830,000 Per Lot $63,846 Respectful ly submitted, Valbridge Property Advisors I Central California ichaelC. R ,V-AC Michael P. T Senior Appraiser California License #AG003817 California License # AG041652 License Expires May L7,20L8 License Expires November 28, 2018 O 2018 VALBRIDGE PROPERTY ADVISORS lCentral California Page ii TRACT 6936 MYrlnrig.gs INTRODUCTION Table of Contents Cover Page Letter of Transmittal City and Neighborhood Analysis 8 General Assumptions and Limiting Conditions...... --...... '."45 Page O 2018 VALBRIDGE PROPERTY ADVISORS I Central California iii TRACT 6936 ffiY*tþflgss SUMMARY Summary of Salient Facts Summary of Salient Facts Property ldentification Property Name Residentia I Subdivision Property Description 1-3 Finished Residential Lots Property Location Rodeo St. Shafter, Kern County, California 93263 Census Tract 0040.00 Legal Description Tract 6936 Lots l--L3 Property Owner City of Shafter Site Zoning E: Estate FEMA Flood Map No 06029C1775E Flood Zone X Number of Lots L3 Lots Average Lot Size 11",774 sf Valuation Opinions Highest & Best Use - As Vacant Single Family Residential Construction Reasonable Exposure Time l-2 Months Value Conclusions As-ls Description L3 Finished Lots Value Type Market Value Property Rights Appraised Fee Simple Effective Date of Value March L6,2018 Value Conclusion $830,000 Per Lot $63,846 Extraordina ry Assu mptions: . The client reported all utilities and improvements are complete. This appraisal assumes all utilities and improvements are complete, ready for home construction, with no additional repairs or improvements required. o Covenants, Conditions, and Restrictions (CC&.R's) for the subdivision, were unavailable. This appraisal assumes CC&R's are not overly restrictive and that development will be similar to surrounding develoPments. Hypothetical Conditions: a None Page O 2018 VATBRIDGE PROPERTY ADVISORS I Central California I TRACT 6936 ffiY*tHri$,gs INTRODUCTION Aerial and Front Views AERIALVIEW FRONT VIEW Page 2 O 2018 VALBRIDGE PROPERTY ADVISORS I Central Californìa TRACT 6936 Çktnllgss INTRODUCTION Location Map sl i c ! È !i I s*. c ? @ B g s a 11 Shðfler t m.óorru4 I t erdo a z i I ? I í t. õ' I ; 'h- r Smith corns @ 7 g { ¿ i¡ c e rrn Dreqûs t ç ? @ & É E + 9i Jr- g È é I ç, lt ¿ v , ¡l! Sånúùid Rd 7lh Sråîdð¡d ¡d TrhSr¿id¡ld P t È ?: I Ë ! ia Page 3 O 2018 VALBRIDGÊ PROPERTY ADVISORS I Central California TRACT 6936 MY*tnrig,gs INTRODUCTION Introduction Client and Intended Users of the Appraisal The client in this assignment and the intended user of this report is City of Shafter Intended Use of the Appraisal The intended use of this report is for internal planning for possible sale. Real Estate ldentification The subject property consists of 13 finished single family residential lots located on Rodeo St., in Shafter, Kern County, California 93263. This tract is located east of South Schnaidt St., south of West Lerdo Hwy., east of Poplar Ave., and north of West Los Angeles Ave. The subject property is further identified as Assessor Parcel Numbers (APN) 026-720-02 through 026-720-1-4. Legal Description Lots L-L3, Tract 6936; within the Northwest L/q of Section t6, Í285, R25E, M.D.B.M., City of Shafter, County of Kern, California. Use of Real Estate as of the Effective Date of Value As of the effective date of the appraisal, the subject contained 1-3 finished lots. Use of Real Estate as of the Date of this Report Same as above. Ownership As of the date of this appraisal, the property is vested in the City of Shafter Sales History The property has been under common ownership for over ten years. Lots were developed in 2008. There is no other listing or marketing history within the last five years. We have considered and analyzed the known history of the subject in the development of our opinions and conclusions. Type and Definition of Value The appraisal problem (the term "Purpose of Appraisal" has been retired from appraisal terminology) is to develop an opinion of the market value of the subject property. "Market Value," as used in this appraisal, is defined as "the most probable price that 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: . Buyer and seller are typícally motivated. o Both portles ore well informed or well odvised, each acting in whot they consider their own best interests; . A reosonable time ís ollowed for exposure in the open market; O 2018 VALBRIDGE PROPERTY ADVISORS I Central Californìa Page 4 TRACT 6936 MY*tprig,ss INTRODUCTION . Payment is made in terms of cash in IJ.S. dollars or in terms of financiol orrongements com pa ra b Ie the reto; a nd . The price represents the normol considerotion for the property sold unaffected by speciol or creative finoncing or sale concessions gronted by anyone ossociated with the sole." The value conclusions apply to the value of the subject property under the market conditions presumed on the effective date(s) of value. Please refer to the Glossary in the Addenda section for further definitions of value type(s) employed in this report. Valuation Scenarios, Property Rights Appraised, and Effective Dates of Value Per the scope of the assignment we developed opinions of value for the subject property under the following scenarios for the identified property right interests as of the corresponding effective dates of value: Property Right Effective Date of Perspective Value Premise Value lnterest Value Current As-ls Market Value Fee Simple March 16, 2018 We completed an appraisal inspection of the subject property on March 16,20L8. Date of Report The date of this report is March 23,2018, which is the same as the date of the letter of transmittal. List of ltems Provided ¡ Aerial Photograph Assumptions and Conditions of the Appraisal The acceptance of this appraisal assignment and the completion of the appraisal report submitted herewith are subject to the General Assumptions and Limiting Conditions contained in the report. The findings and conclusions are further contingent upon the following extraordinary assumptions and/or hypothetical conditions which might have affected the assignment results: Extraordinarv Assum ptions: . The client reported all utilities and improvements are complete. This appraisal assumes all utilities and improvements are complete, ready for home construction, with no additional repairs or improvements required. a Covenants, Conditions, and Restrictions (CC&R's) for the subdivision, were unavailable. This appraisal assumes CC&R's are not overly restrictive and that development will be similar to su rrounding developments. Hvoothetical Conditions: . None O 2018 VALBRIDGE PROPERTY ADVISORS I Central Calìfornia Page 5 TRACT 6936 MY*tnrig,gs SCOPE OF WORK Scope of Work The scope of work includes all steps taken in the development of the appraisal. These include 1) the extent to which the subject property is identified, 2) the extent to which the subject property is inspected, 3) the type and extent of data researched, 4) the type and extent of analysis applied, and the type of appraisal report prepared. These items are discussed as follows: Extent to Which the Property Was ldentified The three components of the property identification are summarized as follows: . Legal Characteristics: The subject was legally identified via public records. . Economic Characteristics: The subject property contains an almond orchard with income production. . Physical Characteristics: The subject was physically identified via a site inspection of the property. Extent to Which the Property Was Inspected We inspected the subject on March L6, 20!8 from Rodeo St. Type and Extent of Data Researched We researched and analyzed: l-) market area data, 2) property-specific market data, 3) zoning and land- use data, and 4) current data on comparable listings, sales, and rentals in the competitive market area. We also interviewed people familiar with the subject market/property type. Type and Extent of Analysis Applied (Valuation Methodology) We observed surrounding land use trends, the condition of any improvements, demand for the subject property, and relevant legal limitations in concluding a highest and best use. We then valued the subject based on that highest and best use conclusion. Appraisers develop an opinion of property value with specific appraisal procedures that reflect three distinct methods of data analysis: the cost approach, sales comparison approach, and income capitalization approach. One or more of these approaches are used in all estimations of value. . Cost Approach - In the cost approach, the value indication reflects the sum of current depreciated replacement or reproduction cost, land value, and an appropriate entrepreneurial incentive or profit. . Sales Comparison Approach - In the sales comparison approach, value is indicated by recent sales and/or listings of comparable properties in the market, with the appraiser analyzing the impact of material differences in both economic and physical elements between the subject and the comparables. . Income Capitalization Approach - In the income capitalization approach, value is indicated by the capitalization of anticipated future income. There are two types of capitalization: direct capitalization and yield capitalization, more commonly known as discounted cash flow (DCF) analysis. Approaches Applied - The subject property consists of finished residential lots. We observed surrounding land use trends, demand for the subject property, and relevant legal limitations in concluding a hig hest and best use. We then valued the subject based on the highest and best use O 2018 VALBRIDGE PROPERTY ADVISORS I Central California Page 6 TRACT 6936 MY*tgl:g,gs SCOPE OF WORK conclusion. The Cost, Income, and Sales Comparison Approaches were considered. The Cost is not applicable. Individual lots sales were analyzed to determine the individual lot values. Multiple-lot purchases have been analyzed to determine the value of the finished lots within the Sales Comparison Approach. A discounted cash flow analysis (DCF) is utilized to determine value of the lots if sold as a single transaction to one buyer within the Income Approach. The DCF considers the anticipated absorption period and various marketing costs, holding-carrying costs and a developer profit allowance. Net sales proceeds are discounted over the absorption period to arrive at a market value. Appraisal Conformity and Report Type We developed our analyses, opinions, and conclusions and prepared this report in conformity with the Uniform Standards of Professional Appraisal Practice (USPAP) of the Appraisal Foundation; the Code of Professional Ethics and Standards of Professional Appraisal Practice of the Appraisal Institute; and the requirements of our client as we understand them. This is an Appraisal Report as defined by the Uniform Standards of Professional Appraisal Practice under Standards Rule 2-2a. Other Appraisal Information This appraisal was requested by James L. Zervis, Administrative Services Director, City of Shafter, on March 7,2018. The client answered questions relative to property history. We have not provided an appraisal or any other services relative to the subject property within the three years prior to this appraisal. Competenry Statement I, Michael C. Burger, MAI, R/W-AC, am a designated member of the Appraisal Institute, and I hold the Certified General Real Estate Appraiser license from the State of California. I, Michael P. Tiede, hold the Certified General Real Estate Appraiser license from the State of California. We appraise and have appraised vacant land, proposed subdivisions, and finished lots in Shafter and Bakersfield as well as throughout Kern County. Because of our education and experience in the subject market area, and experience with the subject property type, we have the competence necessary to perform this appraisal report. @ 2018 VALBRIDGE PROPERTY ADVISORS I Central California Page 7 TRACT 6936 MYilPflg,gs CITY AND NEIGHBORHOOD ANALYSIS City and Neig hborhood Analysis NEIGHBORHOOD MAP Ø W Ler{lo Hrvy W Lerdo l-lwy W Lerdo tlwy w l-e¡dû H\ry W Lerdo t.Ìwy W lerdÕ Hwy Ø Ø @ F¡rst Church of Arkelran Ave J lhe Nazarenê Brooksrde g. Dr Ð, a ø W MarerqoÀve g e a \¡¡redetann Ave wtcdüìät1rì /trve Ø DrÌ Pheàsâ¡il tì!r¡ ta Ø ô ! p 9L Ø Cb¡Ìp o W Er¡clrd Ave : 3 a aî) O Golden PoPPv 0t o LôÈúz Av.' Looel Ave z Cùrlis Ave J Co1ìe St Prrr Cote 51 Neuield {lt .JÕhnslôn Ave a ôØ 5 9. o Y Ø RDcleo Rodeo Ave Rodeo Ave Rodeo Ave ll !¿ õ :. RodnquÈz Ave Ø Ø Ø õ 3 Alkrl € ç d j - lrromenâde Ct Ø ¡ Ø Veterans Part S Olson Olson Ø Ø Hernrosa Ave I g,: ¡ a Communì1y ñ Ø Actiono Pannership W ¡ os Añqeles 51 W Los Ar(.]êlès St W Los Ângeles 51 W Los Ângeles Sl W t ùs Ançtðtes St @ Gfimmway Acadênìy O 2018 VALBRIDGE PROPERTY ADVISORS I Central California Page B TRACT 6936 MY*krig.ss CITY AND NEIGHBORHOOD ANALYSIS Overview The subject is located within an incorporated area of Shafter in Kern County. The subject's market area is identified as Shafter, which is roughly defined by the general boundaries: Fresno Ave. to the north, Riverside Dr. to the south, Poplar Ave. to the west, and Cherry Ave. to the East. Neighborhood Location and Boundaries The property is located west of Santa Fe Way (Hwy. 43), south of Lerdo Hwy., east of Poplar Ave., and north of Los Angeles Ave. Population / Housing / Employment The subject is within an incorporated area of Bakersfield. Population and Housing estimates for the City of Bakersfield from the Department of Finance of the State of California are summarized as follows: POPULATION HOUSING UNITS SINGTE MULTIPtE HOUSE- GROUP MOBITE YEAR TOTAT TOTAT DETACHED ATTACHED 210 4 5 PIUS HOtD QUARTERS HOMES 2010 16,988 16,323 665 4,527 3,33 1 153 548 277 212 20Lt 77,204 16,560 644 4,579 3,389 153 548 277 212 20L2 76,954 1.6,776 178 4,603 3,4t3 153 548 277 212 201.3 t7,09r 76,943 148 4,612 3,422 153 548 277 212 20t4 L7,346 77,024 322 4,633 3,443 L53 548 277 2r2 2015 t7,970 17,250 720 4,707 3,5L7 1s3 548 277 212 20L6 18,050 t7,3L9 73]- 4,757 3,s61 153 548 277 212 2017 1-8,868 78,747 727 4,970 3,778 153 548 277 214 Population % Change Housing Units % Change 2010 16,988 4,521 20tL 77,204 L.27o/o 4,579 L.28/o 20t2 16,954 -L.45o/o 4,603 0.52/o 2013 17,09L 0.9L"/o 4,6L2 0.20"/" 20t4 L7,346 1.49o/" 4,633 Q.46"/" 20t5 t7,97Q 3.600/o 4,707 L.60/o 2016 18,050 0.45o/o 4,751" 0.93o/o 20t7 18,868 4.53o/o 4,970 4.6Lo/o *Bosed on 201.0 Census Benchmark O 2018 VALBRIDGE PROPERTY ADVISORS I Central California Page 9 TRACT 6936 MYilþn"q,gs CITY AND NElGHBORHOOD ANALYSIS Populatlon and Housing Units 25.000 20,000 15,000 10,000 5,000 0 2010 2011 2012 201 3 2414 20r 5 2016 2017 Populat¡on 16,988 17,204 16,954 17,û91 r 7,346 20.1 13 18,050 '18,868 Housing Unib 4,521 4,579 4,603 4,612 4,633 4,598 4,751 4,970 The unemployment rate for January 201-8 in the City of Shafter was estimated at7.8o/o. Transportation Routes Major travel and commuter routes within the area of the subject include Hwy. 43, Hwy. 58, I-5, and Hwy. 99. Hwy. 99 is a primary highway through the Central Valley. It is accessible from Lerdo Hwy. approximately 7 miles from the subject. Hwy. 43 is a secondary highway extending north and south west of Hwy. 99, providing access from Bakersfield to Shafter and Wasco, and further north to Selma when it intersects with Hwy. 99. Hwy. 58 is a primary east-west highway east of Bakersfield.I-5 is the primary interstate from Southern to the Northern California. O 2018 VALBRIDGE PROPERTY ADVISORS I Central California Page J0 TRACT 6936 ÇY*tnrig,gs CITY AND NElGHBORHOOD ANALYSIS Neighborhood Land Use The subject neighborhood is located in an area with mainly agricultural and residential land uses. An approximate breakdown of the development in the area is as follows: LAND USES Developed: 95o/o Residential: 40o/o Agriculture: 40% Retail: 5% Office: 5o/o Industrial: 5o/o Vacant: 5o/o Conclusions Overall, the subject neighborhood is in the stable stage of its life cycle O 2018 VALBRIDGE PROPERTY ADVISORS I Central California Page 11 TRACT 6936 ffiYilHrig,gs SIIE DËSCRIPTION Site Description The following description is based on our appraisal inspection of the subject, public records, and information provided by the client, owner, property manager, and/or broker. General Data Assessor Parcel Numbers: 026-720-02 through 026-720-L4 Location: Rodeo St., East of Schnaidt St. Number of Lots: L3 Residential Lots Site Characteristics Shape: Rectangular Topography: Level Drainage: Adequate Grade: At street grade Interior or Corner: Interior Sig nalized Intersection None Street F / Access Frontage Road Street Names: Rodeo St. Street Type: Residential Number of Curb Cuts: 13 individual lots Site Improvements Off-Site Im provements: Concrete Curbs, Gutters, Sidewalks, Streets Utilities: Water, Electricity, Gas, Sewer, Cable, and Phone On-Site Improvements: Graded Building Pads Landscaping: None Summary: Subdivision improvements are complete to include finish grading ready for home construction. Site Size Lot Sizes: Lots range fromIl,770 to l-l-,828 sq.ft., averagingLL,TT4 sq.fl O 2018 VALBRIDGE PROPERTY ADVISORS I Central California Page 12 TRACT 6936 MY*tnrig'gs SITE DESCRIPTION Flood Zone Data Flood Map Panel/Number: 06029CL775E Flood Map Date: 09-26-2008 Flood Zone: X, area determined to be outside lhe 0.2o/o annual chance flood plain Other Site Conditions Soils: No soils report was provided to the appraiser. However, soils appear Stable, with no displacement evident in adjacent residences. Environmental Issues An environmental site assessment has not been provided or reviewed. For purposes of this appraisal, it is assumed no toxic- hazardous material contamination exists. Therefore, the cost of clean-up and its effect on value have not been considered. Easements/Encroachments: A Preliminary Title Report (PTR) was not provided by the client, or reviewed. The recorded tract map does not indicate any easements. It is assumed no adverse easements or encroachments exist. Earthquake Zone The site is not located within an Alquist-Priolo Earthquake Fault Zone. Adjacent Land Uses North: Single Family Subdivision South: Vacant Land, Park East: Single Family Subdivision West: Single Family Subdivision Surrounding Uses Single family residential subdivisions are located north, east, and west of the subject. The Richland School District owns l-l-.76 acres of vacant land south of the subject. Veterans Park is also south of the subject at the southwest corner of Rodeo St. and Schnaidt St. Golden Oak Elementary School is 0.5 mile northeast of the subject. Shafter High School is approximately L.5 miles northeast. Site Ratings Access: Average Visibility: Average Exposure: Average Overall Site: Average O 2018 VALBRIDGE PROPERTY ADVISORS I Central California Page 13 TRACT 6936 Valbridge SITE DESCRIPTION M PROPERTY AÞVISORS Zoning Designation Zoning Jurisdiction: City of Shafter Zoning Code/Category: E: Estate. According to the City of Shafter Planning Department, the primary purpose of the Estate zone district is to provide for and protect a rural atmosphere and lifestyle. This zone district is intended as an area for development of low density, large lot, single family detached residential dwelling units at a maximum allowable density of three and one-half (31/z) dwelling units per gross acre. Permitted Uses: Single Family Residences Zoning Comments: The current zoning classification allows single family residential construction on each lot. Analysis/Comments on Site The site is within close proximity of residential uses, and is suitable for residential uses allowed by zoning based upon the width, depth, and shape. Access and visibility are adequate. ASSESSOR PARCEL MAP oze-72 TRACT 6936 oza-72 PTN. NW1/4 SEC 16 T.28S. R.25E. @ $ t{I L á{J) r(r) N À{r) ¡16' ¡(e) o ¡(r?) ^{2) ^(.) ^(?) ^{r0) ^(r T @ @ Ø @ @) a) Ø @ @ @ @ *- -- - 5Í,-* f- O 2018 VALBRIDGE PROPERTY ADVISORS I Central California Page 14 TRACT 6936 WY*tnrig,gs SITE DESCRIPTION FTOOD MAP National Flood Hazard Layer FlRMette FEMA 'Legenú s€ ß tmf ao¡ F^tEo tËoÊio uo tþq ûÞ toñ mf ruÈ uvw - -ll.* tüqtt erbaffü(tfÞ - 1.1Ì:.n!:= a¡r¡l& o¡rur ¡6g¡f rìË'.' ¡l'lâ ¡ltltt.tül xærnorHslr 4 ntllhtt}Ùo{rtÐ&d.&Em O.2!É Arnúal Chan6 Flood Íô&d. AEÉ ffi¡t rþ0th lÐ iìrn oD t@t or dlh rhl¡r¡þ ¡M¡ a{ 16¡ thrn @ {þE ml¡6 :N ¡ , - e.â$ùndñdndRkÌdúeb ' f - f 66, g¡ ¡¿6. r*. r OTI{EF ARåAS OF ry'' FIOOO I{AZARD ¡, e.o wllh ¡bod nhldw b !.6re's t- È=== ffiLOrrRr ÛII{EÊ AREAS G€a¡[ÊAt t_ Cháñ¡€|, Culsd. r Stom Sarr $nucnnEs l,u'u,uu, bæ. Olç, d Flædúâll CdCdTrd€d 8¡s Flood Eþdon Ll@ (lfl) lhlt ot Slt¡dy Jûtt¡tlclþn 8ouñd6ry MlÍddk[ñ. oü{En ¡€AruRt.s li/dro¡r¡Þhh F.¡tuF l¡ Dl¡lbl Orb av¡lleuo l¿o Dt¡ltll Dlt¡ AEllåblc mæeerasllm E t ¡m¡pFd + rEflA'¡ lüd!¡d! lor th! @ ot nú þ6 s dælbad bolrr, rut ã@lrlT ¡tâd{tdrl'a Th. ñooil hür, hlomarbn b ddþad dltæüyhm th€ dùliortlillr NtllL wb Flü prüldtd by falr^ lhh mrp w êpddl oñ 3/glrttt â&at2l ?¡t 6d æ¡ nd Fllæl ah€r¡ø or rmdma¡t¡ ¡ubsqúñt lo thlt d¡þ ând üm. lhc ltFÍl âilt dMw lntom.llon ñ!y ch!n!þ ø ù..ffi ruFoú€dod by rd dåb øor tlN. ñ¡ måp hdaÞ l¡ vold It ih! ño or mE o, lhr fuloti¡ú ñåp aloruntt d,o nd rruñ b¡e rup lm.¡þü ñood tt laùGl+ hfsd. ølr ù9r, rup @üoo út!, dñmslll ldsü6e8, nnil E¡Gl úmta., sd flRil .fi!c{È tttl.. l!, lmqÍ¡ lor ün@ppaal ¡d mnd#Ðd d@3 arMd ð€ usd ,c o¡ùl¡iofy pulFr, 1 O 2018 VALBRIDGE PROPERTY ADVISORS I Central California Page 15 TRACT 6936 #Y*tnrig'gs S]TE DESCRIPTION ZONING MAP Page 16 O 2018 VALBRIDGE PROPERTY ADVISORS I Central California TRACÏ 6936 WY*tnrig.gs S]TE DESCRIPTION Lot Improvements The following description is based on our appraisal inspection of the subject, and information provided by the client, owner, and/or buyer. Utilities Water: City of Shafter Sewer: City of Shafter Gas: Southern California Gas Electricity: PG&E Summary: All lots are ready for connection of utilities Site Improvements Curbs: Concrete Gutters: Concrete Sidewalks: Concrete Street: Asphalt Paved Summary: All lots have typical subdivision improvements ready for home construction Page O 2018 VALBRIDGE PROPERTY ADVISORS I Central California 17 TRACT 6936 MYilHrigss SITE DESCRIPTION Summary of Lot Sizes TRACT 6936 LOT stzE (sÐ APN Address 1 tr,828 026-720-1.4 626 Rodeo St. 2 tl,770 026-720-L3 622 Rodeo St. 3 L1.,770 026-720-12 6l-8 Rodeo St. 4 LL,77O 026-720-L1. 614 Rodeo St. 5 11,,770 026-720-L0 6L0 Rodeo St. 6 1.1,770 026-720-09 606 Rodeo St. 7 1.L,770 026-720-08 602 Rodeo St. 8 Lt,770 026-720-07 524 Rodeo St. 9 1.1,770 026-720-06 520 Rodeo St. L0 LL,77O 026-720-05 516 Rodeo St. 1"1 1.1.,770 026-720-04 5L2 Rodeo St. L2 1.r,770 026-720-03 508 Rodeo St. L3 LL,77O 026-720-02 504 Rodeo St. The individual lots are further summarized as follows: Tract 6936 LOTS - BUILDABLE L3 MINIMUM LOT SZE (SF) L1.,770 MAX]MUM LOT SZE (SÐ LL,828 AVERAGE LOT SIZE (SÐ tL,774 MEDIAN LOT SIZE (SF) 1.1.,770 STAN DARD DEVTATION (SF) t6 TOTAL LOT AREA (SF) 153,068 Page 18 O 2018 VALBRIDGE PROPERTY ADVISORS I Central California TRACT 6936 MY*tHri"q,gs SITE DESCRIPIION TRACT MAP lr rw.'t9 TRACT ]\{O. 6936 8€rf,c üusfr F 'rH€ IoÊtH llto nrr or L0¡3 t1 [{D It -..w#,g#Bm¡n 0a ^sÀtls y^t tr rëÂil ôiltû ura c{rþ^{y rüD ó FrSruARY 11. l9tù BAXO t ponfo|t óF tHE !cs.â Í rfcßtlrtrt3ï 6JAfilrß or^LSô scrrcli 1ô, fon*If 2t soutf, xMMffiltúilYtÙ Fiffih*ú ",fu.fu** n¡ilGÊ ?5 t¡sf, rou{r Daltlo tASg ¡ro tÊirotN, ir H {1 ßr.{t { 0tu6 tr x i nr: * *&9 rfit' qÌ tr glrFlER, tr lcrlr{, Slalt 0F C^Urilù^ r ¡8 üA¡ *b: wÊ | ¡f Fe L* LÈ Er nr ¡!1r !r Hit {¡r!rrffits¡r: rg ì&*irrrfr ¡ü.ù { Èr fte a!ó rm6 f r ÍtsDtlin¡t úlË I r8 tfl 1r I rqM s lf ffiinrE È l¡ Í ñ¡r r0 rffi .F{ I ú&ul..CÄn* lÈJrL--= 1t¡t6l ffi I iDch * 60 fL t tHÀtl ti¡J. t5iË p]14Frr 2 l¡.8. t0. pt:. 19É-!56 ffiøt xgd 4øùt rsl.tû 1 2 J 4 r,¿!8 5t 1i.?7! St 6 7 I ä .t2 tì,alû 5r Í,tti if 11.7/0 S¡ il,¡7n 9" 10 1t 13 il,¡?o s¡ ì1,t/t s 11, 7to g s lr.Ð0 lt,7l{ 5f l,1rn sr $.r/0 s RO0t0 slifËt lr I À*B ie N urrr Lùl' I I t-. rñsrhç û¡o¡¡¡sj¡ SÀl-ËÊ r"/aP UF !11.11€ ÇF ,îà LÚ'r I? H KE,tl'l [t]U;!iMÀNÞ CO!{:ÅNY tiÀ1,c5 ilÀn af l¡i.,pì].Jl' I ,5ï.C, 16. T.ãæ., È.?{r:., il.1:.F,td. K¿Rl'l CûUI.JTY lr\i.lar !.;lrlli'Àfly l 5{.:. ¡6. r'?9t}., {.2,f,.. M-r.¡r.}¡. I :l r I I I -l :l Ë I I F, H I 45 I I ¡ Lì l ì 'r I i I I I ! ' I tl6{i c r{.r !pÉr re {{ÊÞ rq Þ¡'ñ fsç -i E ros ANsEt¡S AVENU€ O 2018 VALBRIDGE PROPERTY ADVISORS I Central California Page 19 TRACT 6936 ÇY*tnflg,gs SUBJÊCT PHOTOS Subject Photos Lot l- Looking east on Rodeo St. from Lot 1 O 2018 VALBRIDGE PROPÊRTY ADVISORS I Central California Page 20 TRACT 6936 MY*kri$g"s SUBJECT PHOTOS Lots 3-4 Looking west from Lot l-3 along the south side of Lots Page 21 O 2018 VALBRIDGE PROPERTY ADVISORS I Central Californìa TRACT 6936 MY*Hrig,gs ASSESSN/ENT & TAX DATA Assessment and Tax Data Assessment Methodology The current method of taxation of real property in California is mandated by Proposition 1-3, under which real estate taxes were reduced to one percent of the property's full market value as of the L975/76 fiscal year, plus any voter-approved bond indebtedness. The Assessor's assessment of market value is limited to a maximum of two percent annual increase, unless the property is transferred or there is substantial new construction. In either of these two events, the property is re-appraised to current market value, usually as evidenced by the sales price or the construction cost. Assessed Values and Property Taxes The property is assessed by the Kern County Assessor's Office. However, as the property is owned by a government agency, no assessments or taxes are applicable. Upon transfer to a private entity, each lot will be assessed and taxed. O 2018 VALBRIDGE PROPERTY ADVISORS I Central Calìfornia Page 22 TRACT 6936 My*þrig,gs HIGHEST & BEST USE Highest and Best Use The Highest and Best Use of a property is the use that is physically possible, legally permissible and financially feasible which results in the highest value. An opinion of the highest and best use results from consideration of the criteria noted above under the market conditions or likely conditions as of the effective date of value. Implied in the definition is that the determination of highest and best use results from the judgment and analytical skills of the appraiser;that is, that the use determined from analysis represents an opinion, not necessarily a fact to be found. In appraisal practice, the concept of highest and best use represents the premise upon which value is based. Analysis of Highest and Best Use as if Vacant In determining the highest and best use of the property as though vacant, we examined the potential for: L) near term development, 2) a subdivision of the site, 3) an assemblage of the site with other land, or 4) holding the land as an investment. Physically Possible The physical attributes allow for a number of potential uses. Elements such as availability of utilities, known hazards (flood, environmental, etc.), and other potential influences are described in the Site Description and have been considered. There are no items of a physical nature that would materially limit development. The lots are of sufficient size to accommodate uses permitted by zoning. This would include single family residential development consistent with zoning, general plan, and transitional trends in the area. All utilities are adjacent. Leoallv Permissible The zoning Estate, does control the general nature of permissible uses but is appropriate for the location and physical elements of the subject, providing for a consistency of use with the general neighborhood. The location of the subject is appropriate for the uses allowed and a change in zoning is unlikely. There are no known easements, encroachments, covenants or other use restrictions that would unduly limit or impede development of a probable nature. Zoning allows single family residences. Lot density and sizes are similar to those already developed in the neighborhood and conform to zoning and surrounding uses. It is assumed CC&R's are typical of the neighborhood. According to the City, minimum home size for the subject lots is 1,800 sq.ft., which is similar to the two tracts adjacent to the west and northwest. This is reasonable for the area. Financially Feasible Once physically possible and legally permissible uses are determined, an appraiser considers the potential of economic or financial feasibility for the most probable uses via a cost/benefit analysis or through direct market observation. The probable use of the site for single family residences conforms to the pattern of land use in the market area, representing a positive in terms of market demand. Overall demand for single family lots and residences has remained stable over the last L2 months, as demonstrated on the following pages. Based on other developments we have appraised in Shafter, O 2018 VALBRIDGE PROPERTY ADVISORS I Central California Page 23 TRACT 6936 MYilHri"qss HIGHEST & BEST USE development of residential lots is financially feasible with current home prices sufficient for home builder profit as well as profit to the lot developer. Construction of residences is financially feasible. Maximally Productive Among the financially feasible uses, the use that results in the highest value (the maximally productive use) is the highest and best use. Considering these factors, the maximally productive use as though vacant is for single family construction. Build out is anticipated within L-2 years. Conclusion of Highest and Best Use as though Vacant The conclusion of the highest and best use as though vacant is for single family construction Most Probable Buyer As of the date of value, the most probable buyer of the subject property is a home builder O 2018 VALBRIDGE PROPERTY ADVISORS I Central Calìfornìa Page 24 IRACT 6936 MY*krig,gs HOUS]NG N/ARKET Housing Market HOUSING PERMITS According to the Kern County Economic Development Corporation, housing permits within the City of Shafter are summarized from 2007 -20L7 , as follows: SINGLE FAMILY PERMITS. SHAFTER CIW PROPER 120 100 80 60 40 20 0 2012 201 3 2014 201 5 2016 2017 t 114 49 59 65 22 13 45 105 40 1l 14 Permits pulled in Shafter averaged 42.3 permits per year between 2008-20L7. The number of permits increased 1,33.3o/o from 2013 lo 201,4.The 2011.-201-2 totals of 22 and L3 permits were the lowest totals in the previous 20 years and the totals of 1-1--40 per year between 2015-2017 are the next lowest levels. However, Lennar Homes is developing a master planned community known as Gossamer Grove located at the northwest corner of Seventh Standard Rd. and Calloway Dr. This community is adjacent to the City of Bakersfield and approximately L0 miles southeast of the City proper of Shafter. Although this community is within the City of Shafter, it is closer to and influenced more by Bakersfield. Permits pulled in the community are as follows: , Total 438 O 2018 VALBRIDGE PROPERTY ADVISORS I Central Californìa Page 25 TRACT 6936 ffiY*Hri$,gs HOUSING"N/ARKET According to the State of California Department of Finance, there are 3,778 single family detached housing units in the City of Shafter, with a population of 18,141 (excluding inmates). The average persons per household equates to 3.95. Of the total housing units aT 4,970,7.67o are vacant. Shafter Housing Market The City of Shafter, Planning Division, has prepared tables listing the new residential projects that have been submitted for review and approval, revised March 6,2018. Projects in the primary area of the City of Shafter are summarized as follows: Paper Lots Finished Tract Owner Total lots Rem. Lots Rem. Status 6222 (R) Don Jeffries (Jack Turman) 103 0 3 3 Vac. Lots 6398 Rolland VanDeValk (Dominga Arenas) 5 5 0 A 6467 (R) Ryan Jeffries (Almond Grove Estates, LLC) L5L 89 4 HUC 6479 National Farm Workers (Previously Ron Grodsky) 37 37 0 A 6490 Ron Weingart 99 99 0 A 6555 Bryan Jeffries (Previously Victor Saldana) 7l 71 0 A 6s84 (R) Gracie Homes 50 0 5 5 Vac. Lots 6613 Furrow Land (Previously S&S Homes) 36 36 0 A 6614 Sage Shafter 1, LLC 43r 431 0 A 6704 iames Eckmann L02 L02 0 A 6773 6713 Shafter, LLC (SmithTech) 25 25 0 A 6783 Furrow Land (Previously S&S Homes) 43 43 0 A 6910 Premiere Homes 26 26 0 A 6936 (Subject) City of Shafter 13 0 13 13 Vac. Lots 7033 (R) Willow Land, LLC 87 87 27 Fin. Lots 7052 HG Ag Investments, LLC 94 94 0 A 7072 George Wise Development (John DeVincenzo Property) 239 239 0 A 7079 HG Ag Investments, LLC 133 133 0 A 7207 Davary Group 23 23 0 A 73L8 Millennium Homes, LLC 158 158 0 Gradinq Tract TOTAL t,926 r",698 52 **Lots remoining indicate lots where homes hove not been built. Leoend A Approved by the Planning Commission c Homes completed H UC Homes under Construction R Recorded Tract Map There are four tracts recorded with finished lots remaining. According to City of Shaftel there are approximately 50 finished lots, as of March 6, 20!8, within the City of Shafter proper, and approximately 1-,698 remaining paper lots. Tracts 6222,6467, and 6584 are nearing build out. Tract 6222 is located at the southeast quadrant of West Lerdo Hwy. and Poplar Ave., adjacent to the northwest of the subject. Tract 6467 is located at the southeast corner of Fresno Ave. and Mannel Ave., east of Hwy. 43. Tract 6584 is located on the north side of West Los Angeles Ave., west of Spectrum St., adjacent to the west of the subject. Tract 7033 is located south of Fresno Ave. and east of Shafter Ave., east of Hwy.43. There are approximately 52 remaining finished lots in Shafter. The L0-year average of permits pulled at 3.5 per month indicates a supply of l-4-15 months, or just more than one year @ 201B VALBRIDGE PROPERTY ADVISORS I Central Calìfornia Page 26 TRACT 6936 MY*tnrig,gs HOUSING N/ARKET There are approximately 1-,585 remaining paper lots within the tracts above, including approved maps only. Many of the approved tracts will not be developed in the near future. It is likely many of the tracts will not proceed further than map approval, most of which will expire in the next two years. Tentative Tract 731-8 is currently being rough graded and expected to be completed by January 1-, 20L9. It is located along the north side of West Tulare Ave., west of Hwy. 43. Information discussed above includes housing developments and approved maps within the main portion of the City. Lennar Homes is developing Gossamer Grove at Seventh Standard Rd. and Calloway Dr., ten miles southeast of the City center, with multiple tracts completed and approved. There are a total of 1-,0L7 approved lots, of which 334 lots are finished with l-28 remaining finished lots. Home construction continues. Shafter Housing Prices According to the Bakersfield Association of Realtors MLS, home sales within Shafter are summarized as follows: Time Period Number Sold Median Sale Price Averaqe Sale Price 20L5 93 $195,000 $196,05L 2016 1_03 $188,s00 $20L,457 2017 93 $1-80,000 $rgs,237 Fourth Quarter 201-7 26 $183,500 $205,742 First Quarter 201-8 19 $216,000 $2L9,s23 Last Six Months 48 $199,975 $2L6,357 Pending/Contingent 2l $2L2,000 $214,2L4 Current Listinqs 20 $261,663 $290,589 These figures indicate housing prices decreased from 20L5 to 2017,bultare up in 201-8.In addition, there are no finished lots on the market in Shafter. There are few new homes currently under construction. New home prices are anticipated to stabilize or increase slightly as the number of finished lots decreases. O 2018 VALBRIDGE PROPERTY ADVISORS I Central Californìa Page 27 TRACI 6936 MY*krig,ss HOUSING N/ARKET FORECLOSURE-DEFAULT SUMMARY Notices of Default are issued prior to foreclosure action. Significant increases were indicated in 2007- 2009, but declined in 2OLO-20I7. The following chart summarizes the notices of default issued in Kern County: NOTICES OF DEFAULT (KERN COUNW} 16,000 a 15,000 14,000 13,000 12.000 1 1,000 10,000 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 ?000 200'l 2002 2003 2004 ¿005 2006 ¿007 2008 2009 2010 20r 1 2012 20r l 2014 201 5 2016 2017 --èIÖtâl 3,825 3,840 3,558 3,092 2,980 2,058 3,27s 8,651 1],38 1 5.28 10,31 7,9?5 6,211 2,89S 2,463 z.¿02 2,172 1,954 -,|-Monthly Ave. 319 320 29? 258 248 172 273 721 1,115 1.274 860 660 5r8 241 205 184 181 163 Source: Kern County Recorder (20L7) Notices of Default in 201-l decreased 23.2o/o from 201-0, and decreased2l.6o/o from 201-L to 20L2. The decrease from 201.2 to 2013 equates to 53.4o/o. A decrease of I4.9% was indicated from 2013 to 201'4, averaging 24L/monlh in 2013 and 205/month in 2014. The numbers indicated in 20L5 averaged Lg4lmonth, which is a decrease of 10.6o/ofrom20L4. A decrease of LA% was indicated from 201-5 to 201-6 with a ].O% decrease in 2017. Default notices are considered to be stabilized. The number of foreclosures increased significantly in 2008-2010 from previous years. Foreclosure activity in Kern County is summarized as follows: TORECIOSURES (KERN COUNTY} 10,000 9,000 l\r 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 2001 2002 200? 2008 2009 20:0 I 201¿ 20t 3 20r4 20r5 2ô16 ¡08 7,88s 7.197 6,1 30 3,194 1.685 1,096 1,08',| 943 2,2U 1,915 1,617 r,¡70 1,020 280 3,007 8,560 -td 184 160 135 106 34 251 713 657 ó00 911 316 1¿0 121 9l 90 Source: Kern County Recorder (20L7) Foreclosures in 2OL2 decreased 38.!o/o from 201-l-, and 1-4.8o/o from 201-0 to 201-L. Foreclosures in 2013 were a decrease of 55.60/o from 2012. The average monthly foreclosures in 20L4 was L2l-, which was down from 140 in 2013, The numbers indicated in 201-5 averaged 9Llmonth, which is a decrease of O 2018 VALBRIDGE PROPERTY ADVISORS I Central California Page 28 TRACT 6936 WY*tgrig,gs HOUSING MARKET 24.5o/ofrom20L4. A decrease of L.4% was indicated from 201-5 to 2016 with a decrease of I2.Bo/oin 201-7. Foreclosures are considered to be stabilized. TREND As discussed, permits issued within the previous three years are significantly lower than the average. Overall, median prices for existing homes have decreased during the last L2, 24, and 36 months. However, prices are higher to start 201-8. The market is showing signs of being stabilized. @ 2018 VALBRIDGE PROPERTY ADVISORS I Central Californìa Page 29 TRACT 6936 MY*krig'gs METHODOLOGY Appraisal Methodology Three Approaches to Value There are three traditional approaches typically available to develop indications of real property value: the cost, sales comparison, and income capitalization approaches. Cost Approach The cost approach is based upon the principle of substitution, which states that a prudent purchaser would not pay more for a property than the amount required to purchase a similar site and construct similar improvements without undue delay, producing a property of equal desirability and utility. This approach is particularly applicable when the improvements being appraised are relatively new or proposed, or when the improvements are so specialized that there is little or no sales data from comparable properties. Sales Comparison Approach The sales comparison approach involves the direct comparison of sales and listings of similar properties, adjusting for differences between the subject property and the comparable properties. This method can be usefulforvaluing general purpose properties orvacant land. For improved properties, it is particularly applicable when there is an active sales market for the property type being appraised - either by owner-users or investors. IncoJne Capitalization Approach The income capitalization approach is based on the principle of anticipation, or the assumption that value is created by the expectation of benefits to be derived in the future, such as expected future income flows including the reversion, or future re-sale of the property appraised. Its premise is that a prudent investor will pay no more for the property than he or she would for another investment of similar risk and cash flow characteristics. The income capitalization approach is widely used and relied upon in appraising income-producing properties, especially those for which there is an active investment sales market. Subject Valuation The Cost, Income, and Sales Comparison Approaches were considered. The Cost Approach is less reliable as there are few land sales in the immediate area and development costs were unavailable, and not considered in this appraisal. Individual lots sales were analyzed to determine the individual lot values. Multiple-lot purchases have been analyzed to determine the value of the finished lots within the Sales Comparison Approach. A discounted cash flow analysis (DCF) is utilized to determine value of the lots if sold as a single transaction to one buyer within the Income Approach. The DCF considers the anticipated absorption period and various marketing costs, holding-carrying costs and a developer profit allowance. Net sales proceeds are discounted over the absorption period to arrive at a market value. O 2018 VALBRIDGE PROPERTY ADVISORS I Central California Page 30 TRACT 6936 MY*tgflg,gs LAND VALUATION Sales Comparison Approach Methodology Land is most often valued using the Sales Comparison Approach. The opinion of market value is based on an analysis of sales, listings and pending sales of properties similar to the subject property, using the most relevant units of comparison. The comparative analysis focuses on the difference between the comparable sales and the subject property using all appropriate elements of comparison. Unit of Comparison The unit of comparison depends on land use economics and how buyers and sellers use the property. The unit of comparison in this analysis price per sq.ft. Elegrents of Comparison Elements of comparison are the characteristics or attributes of properties and transactions that cause the prices of real estate to vary. The main elements of comparison that are considered in sales comparison analysis are as follows: (l-) real property rights conveyed, (2) financing terms, (3) conditions of sale, (4) expenditures made immediately after purchase, (5) market conditions, (6) location and (7) physical characteristics. Comoarable Sales Data A search of data sources and public records, a field survey, interviews with knowledgeable real estate professionals in the area, and a review of our internal database were conducted to obtain and verify comparable sales and listings of vacant land properties. The individual lot sales judged to be the most comparable in developing an indication of the market value of the subject property are included within this appraisal. The following table summarizes each of the lot sale comparables and is followed by a map displaying the location of each comparable in relation to the subject. O 2018 vAtBRIDGE PROPERTY ADVISORS I Central California Page 31 TRACT 6936 MY*tnrig,ss SALES CON/PARISON IN DIVIDUAL RETAIL VALU ES In valuing the finished lots on an individual retail basis, sales of finished lots were researched in Bakersfield within the past 36 months. Lot Sales nearby are limited and it was necessary to research Sales in all areas of Shafter. Sales shown are the best available, summarized as follows: INDIVIDUAL TOT SALES j ,*o.ri f,ilì-j- , .)¡^' Tract 6222 - Brookside Btates (Shafter) 20-B 04/L7/I5 Interior $70,000 11,880 $s.8e 23-B 06/12/rs C ul-de-sac $70,000 LL,463 $6.11 47-A 10/09/L5 Cul-de-sac, Backs to Lerdo Hwy. $67,000 1.1,357 $s.90 38-B Interior $67,000 11,880 $s.64 39-B Interior $62000 11,880 $s.64 40-B Interior $67,000 11,880 $s.a+ L9-B rLlL8/Is interior $67,000 11,880 $s.64 i.3-B 07/13/17 Interior $6s,000 11,880 5s.47 18-B tt/t7/17 Interior $65.000 11 880 ss.47 Tract 6467 Phase 1 - Almond Grôvê Estâtês lShafterì 62 06/30/L5 Interior $65,000 tL,946 $s.u L8 09/2s/L7 Interior $6s,000 1L,880 $s.47 19 Interior $6s,000 11,880 55.47 2t Interior $6s,000 11,880 $s.47 22 Interior $6s,000 11,880 $s.47 14-r 6777 Cul-de-sac, Back to Los Anqeles Ave. s6s.000 1L.880 ss 47 Tract 6301 - Willow Btates (Shafte L9 08/07tt6 Corner. Cul-de-sac s119.000 15.053 $7.91 Tract 7033 Phases 2-4 - Willow Btates II (Shafter) 1 06/0r/17 Corner, Cul-de-sac $128,000 15,052 $8.s0 L7 08/L8/t7 Interior $10s,000 L3,44L $7.81 22 09/18/17 Interior $100,000 11.301 $8.8s Tract6777 -The orchard lShafterì 60 04/20/Ls Interior $41,000 8,087 $s.07 62 Interior $41,000 8,329 54.92 L26 Interior $41,000 8,010 $s.12 L28 Interior $41,000 8.030 $5.11 SUMMARY LOT SATES TOTAL LOTS 23 SIZE RANGE SQ.FT. 8.010 - 15.053 AVERAGE SIZE SO.FT, 11,506 PRICE RANGE $41,000 - $128,000 AVERAGE PRICE $70.043 PRICE/SO-FT- RANGE 54.92 $8.8s AVERAGE PRICE/SO.FT, $s.98 O 2018 VALBRIDGE PROPERTY ADVISORS I Central Californìa Page 32 TRACT 6936 ffiYllnrig,ss SALES COMPARISON COMPARABLE ¡NDIVIDUAL tOT SALES MAP ¡lAOllA¡ mæuÂw 'E dI c ú lTract 646?] E 3 Tract 7033 7- I Ff,g9{ô l;i ^v! B al I '-'*.ou, Þ nl 6 i L I ¡ I I u lt ¡ c q Þ I 8222 I f'¡ -ilr 'l ¡" C 'CôI ! r¡ d 5 Ë lracl t Í I s t B I I d d ¿ n*rt U 5 E F ñ Ë ptwtifñl ç 1 O 2018 VALBRIDGE PROPERTY ADVISORS I Central California Page 33 TRACT 6936 MY*tnilg,ss SALËS COIVPARISON Sales within each tract are further described, as follows: TracT 6222 Phases A and B, known as "Brookside Estates," is located at the southeast corner of West Lerdo Hwy. and Poplar Ave. in Northwest Shafter. This tract contains L02 lots mainly ranging from 10,000 to L2,000 sq.ft. This tract has a minimum home size of 2,000 sq.ft. Location is similar. This tract contains similar size lots, as well as similar size and similar priced homes to that anticipated for the subject. Lot 18, the most recent sale in the tract, was listed for sale on March 1,6,2018 at $89,900 or $7.57 per sq.ft., which is higher than any TracT 6467 known as "Almond Grove Estates," is located at the southeast corner of Fresno Ave. and Mannel Ave. in Northeast Shafter. This tract contains 62 lots mainly ranging from L1,000 to 14,000 sq.ft. This tract has a minimum home size of 2,000 sq.ft. Lots were mostly being sold to a local home builder, Gracie Homes, who has held a long term option agreement. This is more of a bulk price, with upward adjustments warranted. In addition to the individual lot sales shown, Gracie Homes purchased ten lots averaging L2,039 sq.ft. at $60,000 per lot on January 30, 201-5. Gracie Homes purchased eight lots averaging 12,379 sq.ft. at $65,000 per lot on March 31, 2015. Snider Interests purchased four lots averaging Ll-,880 sq.ft. at $65,000 per lot on April 22, 2015, who then sold these four lots along with one lot in Tract 6777 on September 25, 2017 for $65,000 per lot. As indicated by the lot sales shown and discussed, prices have remained stable over the last two-three years. Location is similar. This tract contains similar size lots, as well as similar size and similar priced homes to that anticipated for the subject. Tract 6301 known as "Willow Estates," is located at the southwest corner of Fresno Ave. and Mannel Ave. in Northeast Shafter. The seller of this lot was the owner/developer of the subject tract, and the buyer is a home builder. This is a cul-de-sac lot at a corner. This tract contains larger lots with larger and higher priced homes than that anticipated for the subject. TracT 6777, "The Orchard," is located at the southeast corner of Los Angeles Ave. and South Shafter Ave., in Southwest Shafter. This tract contains 1-39 lots averaging 8,625 sq.ft. Lenox Homes developed this subdivision in 2007 and built 52 homes. Remaining lots were foreclosed in 2011, and sold to Black Ops Real Estate in 2012 who then sold them to Snider Interests on November 29,2012 at $25,678 per lot. Lots were then sold to individual builders: Gracie Homes, Daryl Johnson, Lenox Homes, and Legend Homes.ln addition to the sales shown, ten lots averaging 8,095 sq.ft. were sold to Daryl Johnson on March 22, 20L3 at $37,000 per lot, or $4.57 per sq.ft. This tract contains smaller lots, as well as smaller and lower priced homes than that anticipated for the subject. Tract 7033 known as "Willow Estates II," is located at along the south side of Fresno Ave., east of Mannel Ave. and west of Shafter Ave. in Northeast Shafter. It is adjacent to the west of Willow Estate with similar lot sizes and anticipated home sizes. Phases l--4 were recently completed and three lots have closed escrow. This tract contains larger lots with larger and higher priced homes than that anticipated for the subject. Listing prices for the remaining finished lots within this tract are as follows: O 2018 VALBRIDGE PROPERTY ADVISORS I Central California Page 34 TRACT 6936 Valbridge SALES CON/PARISON M PROPTRTY A DVtgons Note: Average asking prices for this tract equate to $9.30 per sq.ft. Impact fees due at the time of building permit of the Sales are similar to the subject. There are no other similar individual lots listed for sale. Demand for finished lots has decreased during the last 36 months, and further indicated by the fewer number of permits pulled in 201-5-2017, versus the ten-year average. There are few tracts with finished lots available for individual sale. There is one tract with lots for sale, Tract 7033, but contain larger lots than the subject and anticipated for larger and higher priced homes than that anticipated for the subject. There is one tract that recently commenced development, but will contain lots under 8,000 sq.ft. There are few lots available or remaining in Shafter of similar size to the subject. This increases the price builders are willing to pay for a lot on a retail basis, however, this is offset by the decreased demand. Tracfs 6222 and 6467 contain the most similar lots relative to size, location, and anticipated homes. Average sale price of the lots within these two tracts equates to $5.61 per sq.ft. with an average size of 1L,822 sq.ft. These lots sold with a higher number of lots available in the market. In consideration of lot sales shown, location, competition, and current market conditions, individual retail lot values are estimated at $70,000 per lot, which equates to $5.95 per sq.ft. based on the average lot size of LL,774 sq.fl. O 2018 VALBRIDGE PROPERTY ADVISORS I Central Calìfornia Page 35 TRACT 6936 MY*krig,ss SALES CON/PARISON BULK VALUE - ]-3 Lots Multiple (Bulk) Lot Sales Sales including groups of finished lots in Shafter were researched. There is a limited number of transactions that have occurred and was necessary to research sales in Delano, Wasco, McFarland, and Bakersfield. The most applicable transactions are summarized as follows: SUMMARY OF RECORD DATA DATE DOCUMENT SAtE RECORDED NUMBER GRANTOR GRANTËE LOCATION M1 02/tL/15 15-015983 Almond Grove Estates. LLC Spectrum L, LLC S. of Fresno Ave., E. of Mannel Ave. (Shafter) M2 03/31/\s 1s-037401 Almond Grove Estates, LLC AG 20. LLC S. of Fresno Ave., E. of Mannel Ave. (Shafter) M3 05/L2/15 15-0s8691 Wasco Land Holdinqs, LLe Self-Helo Enterprises Palm Ave.. N. of Filburn St. (Wasco) M4 05/0s/Ls L5-055518 Hardt Investments IV. LLC Iouchstone Plaza, LLC Baia Dr.. E. of S. Oswell St. (SE Bakersfield) M5 Lt/0s/15 15-155455 Hardt Investments IV, LLC Touchstone Plaza. LLC Baia Dr., E. of S. Oswell St. (SE Bakersfield) M6 04/20/t6 16-049383 Julianas Garden, LLC leremv Willer Construction, Inc. S. of Citv Hills Dr.. E. of Canteria Dr. (NE Bak.) M7 08/30/t6 r6-rL7429 Jrban Land Advisors. LLC Summit Capital Ventures, Inc. N. of Berkshire Rd., W. of Stine Rd. (SW Bak.) M8 09/14/16 76-!25412 S&S Homes Froehlich Siqnature Homes, Inc. E. of Old River Rd., S. of Berkshire Rd. (SW Bak.) M9 s/37/77 17-68658 Lennar Homes leremy Willer Construction, Inc. S. of Noriega Rd., E. of Rudd Ave. (NW Bak.) s/31/17 17-68660 Auburn Oak Builders, Inc. M10 0L/0s/18 18-0016s0 River Ranch Communitv leremv Willer Construction, Inc. S. of Berkshire Rd., E. of Old River Rd. (SW Bak.) SUMMARY OF MULTTPLE LOT SATES DEED cAsH EQUTV. AVG. tOT NO. BUtK BUtK RETAIL SALE DATE SAIE PRICE SIZE (SFì TRACT LOTS PRICE/SF PRICE/LOT PRICE/LOT DISCOUNT Ml_ 0L/26lrs $600.000 1.2,039 6467-r 10 $4.98 $60,000 M2 03/2s/1"5 $s20,000 !2,379 6467-L 8 $5.2s $6s,000 M3 02/26/1.5 $9s2,000 7.302 6589-1 28 $4.66 s34.000 $40.000 L5.0o/o M4 03/25/Ls $990,000 6,368 6297 -2 22 s7.07 $4s.000 $47.s00 s.3% M5 1.L/Os/Ls $990,000 6,34L 6297 -2 22 $7.1_0 $4s,000 $47,s00 5.3o/o M6 04/12/1.6 $s77,s00 8,153 6452-3 11 56.44 $s2,s00 $s7.s00 8.70/o M7 08/26/1.6 $4,367,500 7,76r 7222 65 $8.66 s67.t92 $70,000 8.10/o M8 09/07/16 $1_.42s.000 7,840 7243 20 $9.09 s7t.2s0 M9 05/26/17 $3.890,475 9,958 6252-E 49 57.97 $79,397 $8s.000 6.6% M1_0 0L/03/L8 $1,087,500 7.500 7267-L 15 $9.67 s72.500 Sales M1--M2: This sale includes 10 and 8 lots in Phase L of Tract 6467, known as Almond Grove Estates. This tract is located at the southeast corner of Fresno Ave. and Mannel Ave. in Northeast Shafter. This tract contains 62 lots mainly ranging from l-l-,000 to 14,000 sq.ft. This tract has a minimum home size of 2,000 sq.ft. The buyer is a local home builder. Location is similar. This tract contains similar size lots, as well as similar size and similar priced homes to that anticipated for the subject. Sale M3: This sale includes 28 lots in Tract 6589. It is located north of Filburn St. and west of Palm Ave., in Wasco.lt was developed in 2007 along with homes built on the remaining lots within Phase l-. The remaining 28 lots were acquired by an investor who held the lots and recently sold them to Self-Help Enterprises. These lots were sold to low income families who will work as a group to construct the individual homes. O 2018 VALBRIDGE PROPERTY ADVISORS I Central California Page 36 TRACT 6936 Valbridge SALES CON/PARISON M PROPERTY A DVISORS Sale M4: This sale includes 22lols in Phase 2 of Tracl62gT,known as Tyner Ranch. This is a gated community south of Hwy. 58 and east of South Oswell St., in Southeast Bakersfield, This tract was developed by the seller in 2008, in which a majority of Phase l- was built out. The developer is now selling lots to individual builders. The buyer is a local home builder who anticipates building homes ranging from 1,205 Tol,643 sq.ft. in the $1-94,900 to $221,900 price range, smaller and lower price to that proposed for the subject. Location is inferior. Absorption is superior. Sale M5: This sale includes 22 lols in Phase 2 of Tract 6297, known as Tyner Ranch. This is a gated community south of Hwy. 58 and east of South Oswell St., in Southeast Bakersfield. This tract was developed by the seller in 2008, in which a majority of Phase l- was built out. The developer is now selling lots to individual builders. The buyer is a local home builder who anticipates building homes ranging from 1,205 to 1,643 sq.ft. in the $l-94,900 to $221-,900 price range, smaller and lower price to that proposed for the subject. Location is inferior. Absorption is superior. Sale M6: This sale includes lL lots in Phase 3 of Tract 6452, known as Julianas Garden. This is a gated community north of Hwy. 178 and east of Morning Dr., in Northeast Bakersfield. This tract was developed in approximately 2008, in which some of the homes were built. An investor who acquired the lots via foreclosure is now selling lots to individual builders. The buyer is a local home builder who is building homes ranging from 2,1-13 1o2,842 sq.ft. in the $320,000 to $420,000 price range, larger and higher priced than the subject. Sale M7:This sale includes 65 lots in Units 2,4,7, and 8 of Trac|.7222, known as Sundance.lt is south of Panama Ln., west of Stine Rd., north of Berkshire Rd., and east of Mountain Ridge Dr., in Southwest Bakersfield. The buyer is a local home builder. It is anticipated home sizes will range from 1,600 to 2,500 sq.ft. in the $265,000 to $3L5,000 price range, somewhat similar to that proposed for the subject. Units 2-8 were originally sold to Benchmark Communities who developed finished lots and built homes. The remaining 65 lots were purchased back from the original seller at $60,000 per lot and resof d to the current buyer at $67,I92 per lot. Location is superior. Sale M8: Tract7243 is east of Old River Rd. and south of Berkshire Rd.lndependence High School is across Old River Rd. to the west. Location is superior. Home sizes are anticipated to be larger and priced at $287,900-$319,900, somewhat similar to that anticipated for the subject. Sale M9: This sale includes 49 lots within f racT 6252 Phase E. Location is south of Noriega Rd. and east of Rudd Ave. The buyers are local builders. This is an all cash transaction. Location is superior. Home sizes and prices are anticipated to be larger and higher to that proposed for the subject. Lennar Homes reportedly decided not to build homes on these lots and originally went into contract to sell all lots to Jeremy Willer. This sale includes 25 lots being retained by Jeremy Willer, as well as 24 lots being sold to Brian Rice and Richard Pratt. Sale M10: This sale includes l-5 lots in Tract 7267 Phase L, to be known as Highlands. It is south of Berkshire Rd., east of Old River Rd. and north of McCutchen Rd., in Southwest Bakersfield. The buyer is a local home builder.lt is anticipated home sizes will range from l-,589 to 2,305 sq.ft. in the $269,000 to $319,000 price range. The subject is anticipated to be within this range. Location is superior. Additionally, Tract 6590 in Wasco contained finished being sold to two builders. It is located north of Poso Ave. and west of Central Ave., in Wasco. It was developed in 2006-07. The tract was foreclosed O 2018 VALBRIDGE PROPERTY ADVISORS I Central California Page 37 TRACT 6936 ffiY*lHri$,ss SALES CON/PARISON and lots sold to an investor. Lots were sold to two home builders at $35,000 per lot. Higher Grounds purchased also purchased 30 lots in October 20LS ($36,750 per lot, $4.38 per sq.ft., average 8,392 sq.ft.), 33 lots in March 20!6, and 3 lots in July 20L6. Jeremy Willer purchased l-0 lots in February 20L6, 10 lots in April 2016, 9 Lots in June 201"6, and 5 lots in December 201-5. Lot sizes were averaged approximately 6,800 sq.ft. Location is inferior and lot sizes are smaller. Homes sizes and prices are smaller and lower price to that anticipated for the subject. Sales ML-M10 were cash transactions. No adjustments are necessary. Additionally, impact fees are similar. O 2018 VALBRIDGE PROPERTY ADVISORS I Central California Page 38 TRACT 6936 MYrlnrig,gs SALES COMPARISON COMPARABLE BULK SALES MAP L¿ w¡ ç0ußiY Õ Salc M3 Salc Ml & M2 fþt0 8þ¡t1| { I l! ¡. Sale 116 Sale M9 t t I Sale ftlS r '" . dl Sale Sale M4 & aÌuDtl¡ñ I ¡rÞotuñ ft{æ! tlo I Sale MfO i ''*.{LI ,üralÞdrolrm Re¡rr9a llo ã oily Trn¡O0 CilntÍ O 2018 VALBRIDGE PROPERTY ADVISORS I Central California Page 39 TRACT 6936 MY*tþrig,ss SATES COMPARISON Valuation Sales shown are the most similar relative to lot size. Sales 1--3 are most similar relative to location. Of these three, Sales 1,-2 are most similar relative to lot sizes at 12,039 and L2,379 sq.ft. with prices of $60,000 to $65,000 per lot and $4.98 to $5.25 per sq.ft. Sales 4-LO are within Bakersfield, overall superior locations relative to absorption and home prices versus Shafter. These sales include smaller lots at 6,341" to 9,958 sq.ft. indicating higher prices per sq.ft. aT$6.44 to $9.67 per sq.ft. Typically, as size decreases, price per sq.ft. increases. Downward adjustments are warranted for location, size, and absorption potential. A value of $5.25 -$5.50 per sq.ft. appears reasonable, or $6L,81-4 Lo $64,757 per lot. Sales contain LL to 65 lots, versus the subject tract at l-3 lots. Typically, with all other factors being equal, as the number of lots increases, price per lot decreases to account for holding and absorption costs. However, there is moderate demand forfinished lots as indicated bythe sales above. Discounts are typically offered in markets with a significant amount of finished lots or when purchasing a significant number of lots due to longer absorption periods. The subject contains l-3 lots, which is within the range of the Sales at LL-65 lots with minimal discounts indicated. The subject is in an inferior location to Sales M4 to M1-0 with a slower absorption rate anticipated. With a longer holding period a discount would be reasonable to offset these costs. Therefore, a 5% discount appears reasonable if sold to one builder. The individual retail values for the subject previously indicated average $70,000 per lot. Applying the 5% discount discussed above equates to $66,500 per lot. This is reasonable as there are few lots of similar size and location available within Shafter. Value indications range from $61,8L4 to $66,500 per lot. Based on the anticipated absorption period and number of finished lots within the area, lot values on a bulk basis are concluded within the Sales Comparison, as follows: Bulk Value Indication Market Value Opinion (Rounded) L3 Lots x $65,000 Per Lot $845,000 Based on the average lot sizes of 1L,774 sq.ft., value per lot equates to $5.52 per sq.ft. Value per lot is in line with the sales, considered reasonable based on the lack of supply of finished lots available to builders for acquisition and other factors discussed. There have been few individual or bulk sales of finished lots within the last twelve months in the area. In addition, there are few listings of finished lots for sale of similar size to the subject. The majority of tracts containing finished lots are owned by builders who intend to build homes instead of selling lots. The supply of lots is decreasing in the area and building activity in 20L6-20!7 was slightly below 2013-20L5. Therefore, there is moderate demand for groups of finished lots. Increases related to demand for finished lots, and absorption of new homes, are anticipated due to lower recent activity. The Housing Market section of this appraisal further details current trends. Availability of vacant land within the immediate area of the subject is limited, further rncreasrn9 prices builders are willing to pay O 2018 VALBRIDGE PROPERTY ADVISORS I Central California Page 40 TRACI 6936 Valbridqe INCON/E APPROACH M PROPIRTY A DVTSORS Income Approach BULK VALUE - L3 Lots The Income Approach considers the income generated from the individual lot sales over an absorption period within a discounted cash flow analysis. Cash Flow Analysis Retail values assume all lots would be sold individually as of the date of value, However, it is necessary to consider carrying-holding costs, as well as marketing costs and developer profit allowance, as follows: Absorption There are no subdivisions within the subject's market area of Shafter with similar lots being sold from a developer on an individual basis from which to derive absorption rates. As there is a limited number of lot sales scattered throughout Shafter, absorption of homes within similar tracts were researched to determine a reasonable absorption for the subject, summarized as follows: TRACT BUILDER(S) LOCAÏON SALES SALE PERIOD MONTHS HOMES/MONTH 6222 Multiple Lerdo Hwy., E. of Poplar Ave. 5 2012 12 0.42 Brookside 2,000-3,000 sf Lots Remaining: 3t 1 2013 t2 0.33 Estates $25o,ooo-$300,000 3 20L4 t2 0.25 2 2015 12 0.L7 1 2016 L2 0.08 2 2017 L2 0.L7 æ67 Gracie Homes Fresno Ave., E. of Mannel Ave. 2 20L2 L2 0.r7 Almond Grove Victor Saldana Lots Remaining: 4t 4 201,3 12 0.33 Estates 2,000-3,200 sf 7 201,4 12 0.s8 $2s0,000-$32s,000 L2 2015 12 1.00 1 Jan.2OL6 1 1.00 6s84 Gracie Homes Los Angeles Ave., W. of Spectrum St. 4 2012 12 0.33 Bella I,800-2,42L sf Lots Remaining: 5t 5 20L3 T2 0.42 Estates $240,000-$280,000 7 20t4 t2 0.58 4 2015 L2 0.33 6777 Lenox Homes Los Angeles Ave., E. of S. Shafter Ave. 2 Jan.2OI2 Feb,2012 2 1.00 The Gracie Homes Lots Remaining: 0+ 7 Apr. 2013 Dec. 2013 9 0.78 Orchard 1,353-2,100 sf 16 2014 12 1.33 $180,ooo-$2s6,000 5 Jan. 201-5 June 2015 6 0.83 u47 Freedom Homes W. Tulare Ave., E. of N. Reiker St. 3 Dec. 2013 1 3.00 r-,353-2,100 sf Lots Remaining: 0t 2L 2074 12 1.75 $170,000-$2r"0,000 t9 Jan. 2015 June 2015 6 3.L7 O 2018 VALBRIDGE PROPERTY ADVISORS I Central California Page 41 TRACT 6936 MYilHilg,gs INCON/E APPROACH The combined absorption is summarized as follows: SALE AVERAGE SALES PERIOD MONTHS HOMES/MONTH 1-3 20L2 9.5 L.37 23 20t3 9.2 2.s0 54 2014 L2.0 4.50 42 201,5 9.6 4.38 2 20L6 6.5 0.30 2 2017 t2.o o.L7 Absorption figures for Tracts 6222, 6467, 6584, and 6777 were during periods subsequent to the majority of the sales within the tracts, or as the tracts' supplies were decreasing. There are few remaining lots in 20L6 to the present. The overall absorption of new homes has decreased, evident by the absorption shown above as well as lower number of permits. The average absorption rate within Shafter in 20L4 to 2015 was over 4 per month. Based on this absorption rate and the number of remaining lots in Shafter at 52, equates to an inventory of L3.0 months remaining. With approximately one year of lots remaining, there will be a demand for lots. Absorption of L to 2 lots every month is estimated, which is reasonable for lots of the subject's size. The absorption estimate assumes building activity will commence within a reasonable time upon the sale of each lot. Marketing-Carrying Costs Commissions are projected at 4o/o o't gross sales proceeds and escrow fees at L%. Commissions are typically lower for groups of lots or homes, and based on that reported by agents and builders. Escrow fees are based on those reported by builders and developers, and is typical. Administrative cost is estimated at $2Sllot, based on remaining inventory, and covers the cost of bookkeeping and other administrative duties. There are no property taxes or special assessments due, as the property is owned by the City. Discount Rate The PWC Reol Estate lnvestor Survey for the Notional Land Markef indicates a range in discount rates for developing land, are summarized as follows: MARKET NAT¡ONAI ¡.AND TER 4TH - 20L4 2ND - 2015 4TH - 2015 2ND - 2016 4TH - 201-6 2ND - 20L7 r.0.00% L0.00% L0.00% r.0.00% DISCOUNT RATES (TRRS) Low 1_0.00% L0.00"/o INCLUDING High 25.00o/o 20.00o/o 20.000/o 20.00o/o 20.00o/o 20.00o/o DEVELOPER'S PROFIT 16.750/o !5.90o/o L5.5Oo/" 15.50% L5.50o/o t6.000/o Lower risk areas will be at the lower end of the range. Shafter contains a decreasing number of lots with few competing with the subject. Therefore, a 16o/o discount rate is considered realistic in consideration of the current market and location, which includes developer's profit. This is near the average of the national investor's surveys, and O 2018 VALBRIDGE PROPERTY ADVISORS I Central California Page 42 IRACT 6936 WY*tþrig,ss INCOME APPROACH considered reasonable. This method does not include a separate line item for developer's profit. Based on these assumptions, the discounted cash flow analysis is utilized to determine the market value of all L3 lots. The discounted cash flow is summarized as follows: DISCOUNTED CASH FLOW Tax Rate 0.000000% tliscount Rate SpecialAssessnænts $0.00 15o/o LOT CUM, LOT RENiIAIN I\iIONTHLY SALES ЀENSE NET SALES ADMIN. PROP NEI ry F¿ MONTH SALES SALES INV. SALES COMM- ESCROW PROCEEDS COST/LOT TAXES INCOME FACTOR INCOME 1 13 $70,000 4o/o 1o/o $25 1 2 2 11 $140,000 ($5,600) ($1,4oo) $1 33,000 ($27s) $0 $132,725 0.9877 $1 31,086 2 I 10 $70,000 ($2,800) ($7oo) $66,500 ($250) $0 $66,2s0 0.9755 $64,624 J 2 5 I $140,000 ($s,6oo) ($1,400) $1 33,000 ($2oo) $o $1 32,800 0.9634 $127,942 4 I o 7 $70,000 ($2,800) ($7oo) $66,500 ($t zs¡ $0 $66,325 0.9515 $63,1 1 0 5 2 I 5 $140,000 ($s,600) ($1,4oo) $133,000 ($1 25) $0 $1 32,87s 0.9398 s124,873 o 1 o 4 $70,000 ($2,800) ($7oo) $66,500 ($1 oo) $0 $66,400 0.9282 $61,631 7 2 1'l 2 $140,000 ($5,600) ($1,40o) $1 33,000 ($so¡ $0 $1 32,950 0.9167 $121,877 I 1 12 'l $70,000 ($2,800) ($7oo) $66,500 ($zs¡ $0 $66,475 0.9054 $60,1 86 I 1 13 $70,000 ($2,800) ($7oo) $66,500 $0 $o $66,500 0.8942 $59,466 10 0 13 0 $0 $0 $0 $o s0 $o $0 0.8832 $o 11 0 13 0 $o $0 $o $0 $0 $0 $o 0.8723 $0 12 U 13 0 $o $0 $o $0 $0 $o $0 0.8615 $0 TOTAL 13 $910,000 ($36,400) ($9,100) $864,500 ($1,200) $0 s863,300 $814,796 DISCOUNTED VALUE $814,796 ROUND TO: $81 5,000 REI-AIL PRICÚLOT $70,000 DISCOUNT 10.44o/o BULK PRICSLOT $62,692 CASH FLOW ANALYSIS SUMMARY l:rt1i1. ,',:lr r': I tt.iì ,:¡,', Itt,, i,:l r r'i ;ti1::i.t ; 'r.: ¡ ir 't:i,í. $815,000 $62,6s2 9 Months L0.44o/o O 2018 VALBRIDGE PROPERTY ADVISORS I Central California Page 43 TRACT 6936 MY*tnrig,ss RECONCILIAT]ON Summary of Valuation The indicated value and our concluded market value for the subject property are summarized in the following table. Value Indications Approach to Value As-Is Per Lot Cost N/A Sales Comparison $845,000 $65,000 Income (DCF) $815,000 562,692 Value Conclusions As-Is Value Type Market Value Property Rig hts Appraised Fee Simple Effective Date of Value March t6,20L8 Value Conclusion $830,000 $63,846 Market Value indications range from $815,000 to $845,000. The Income Approach sets the lower level using a discounted cash flow analysis. Cash flow projections result in a discount of !)-LLo/o, which is higher than the range of the bulk sales shown. There are few transactions from which to compare the subject lots on an individual basis or bulk transactions over the last three years. There are few other lots available for bulk purchase. There are few lots of similar size to the subject available for individual purchase. Therefore, both approaches are considered in the final value estimate. In the final analysis, as-is market value of the 13 residential lots, as of March L6, 20L8, is estimated at $830,000. Exposure Time Based on statistical information about days on market, escrow length, and marketing times gathered through national investor surveys, sales verification, and interviews of market participants, exposure time is estimated at L2 months, considered reasonable and appropriate for the subject property. O 2018 VALBRIDGE PROPERTY ADVISORS I Central Callfornia Page 44 TRACT 6936 My*tHri$,gs GENERAL ASSUN/PTIONS & LIN/ITING CONDITIONS General Assumptions and Limiting Conditions This appraisal is subject to the following limiting conditions: 1. The legal description - if furnished to us - is assumed to be correct. 2 No responsibility is assumed for legal matters, questions of survey or title, soil or subsoil conditions, engineering, availability or capacity of utilities, or other similar technical matters. The appraisal does not constitute a survey of the property appraised. All existing liens and encumbrances have been disregarded and the property is appraised as though free and clear, under responsible ownership and competent management unless otherwise noted. 3. Unless otherwise noted, the appraisal will value the property as though free of contamination. Valbridge Property Advisors I Central California will conduct no hazardous materials or contamination inspection of any kind. It is recommended that the client hire an expert if the presence of hazardous materials or contamination poses any concern. 4 The stamps and/or consideration placed on deeds used to indicate sales are in correct relationship to the actual dollar amount of the transaction. 5 Unless otherwise noted, it is assumed there are no encroachments, zoning violations or restrictions existing in the subject property. 6. The appraiser is not required to give testimony or attendance in court by reason of this appraisal, unless previous arrangements have been made. 7 Unless expressly specified in the engagement letter, the fee for this appraisal does not include the attendance or giving of testimony by Appraiser at any court, regulatory, or other proceedings, or any conferences or other work in preparation for such proceeding. If any partner or employee of Valbridge Property Advisors I Central California is asked or required to appear and/or testify at any deposition, trial, or other proceeding about the preparation, conclusions or any other aspect of this assignment, client shall compensate Appraiser for the time spent by the partner or employee in appearing and/or testifying and in preparing to testify according to the Appraiser's then current hourly rate plus reimbursement of expenses. The values for land and/or improvements, as contained in this report, are constituent parts of the total value reported and neither is (or are) to be used in making a summation appraisal of a combination of values created by another appraiser. Either is invalidated if so used. Page O 2018 VALBRIDGE PROPERTY ADVISORS I Central California 45 TRACI 6936 MY*lnrig,gs GENERAL ASSUN/PTIONS & LIIVITING CONDITIONS 9. The dates of value to which the opinions expressed in this report apply are set forth in this report. We assume no responsibility for economic or physical factors occurring at some point at a later date, which may affect the opinions stated herein. The forecasts, projections, or operating estimates contained herein are based on current market conditions and anticipated short-term supply and demand factors and are subject to change with future conditions. 10. The sketches, maps, plats and exhibits in this report are included to assist the reader in visualizing the property. The appraiser has made no survey of the property and assumed no responsibility in connection with such matters. 1L. The information, estimates and opinions, which were obtained from sources outside of this office, are considered reliable. However, no liability for them can be assumed by the appraiser. L2 Possession of this report, or a copy thereol does not carry with it the right of publication. Neither all, nor any part of the content of the report, or copy thereof (including conclusions as to property value, the identity of the appraisers, professional designations, reference to any professional appraisal organization or the firm with which the appraisers are connected), shall be disseminated to the public through advertising, public relations, news, sales, or other media without prior written consent and approval. 13 No claim is intended to be expressed for matters of expertise that would require specialized investigation or knowledge beyond that ordinarily employed by real estate appraisers. We claim no expertise in areas such as, but not limited to, legal, survey, structural, environmental, pest control, mechanical, etc. L4. This appraisal was prepared for the sole and exclusive use of the client for the function outlined herein. Any party who is not the client or intended user identified in the appraisal or engagement letter is not entitled to rely upon the contents of the appraisal without express written consent of Valbridge Property Advisors I Central California and Client. The Client shall not include partners, affiliates, or relatives of the party addressed herein. The appraiser assumes no obligation, liability or accountability to any third party' 15 Distribution of this report is at the sole discretion of the client, but third-parties not listed as an intended user on the face of the appraisal or the engagement letter may not rely upon the contents of the appraisal. In no event shall client give a third-party a partial copy of the appraisal report. We will make no distribution of the report without the specific direction of the client. L6. This appraisal shall be used only for the function outlined herein, unless expressly authorized by Valbridge Property Advisors I Central California. Page 46 O 2018 VATBRIDGE PROPERTY ADVISORS I Central Calìfornia TRACT 6936 MY*tnrig,gs GENERAL ASSUN¡PTIONS & LIMIIING CONDITIONS t7 This appraisal shall be considered in its entirety. No part thereof shall be used separately or out of context. 18. Unless otherwise noted in the body of this report, this appraisal assumes that the subject property does not fall within the areas where mandatory flood insurance is effective. Unless otherwise noted, we have not completed nor have we contracted to have completed an investigation to identify and/or quantify the presence of non-tidalwetland conditions on the subject property. Because the appraiser is not a surveyor, he or she makes no guarantees, express or implied, regarding this determination. 19. The flood maps are not site specific. We are not qualified to confirm the location of the subject property in relation to flood hazard areas based on the FEMA Flood Insurance Rate Maps or other surveying techniques. It is recommended that the client obtain a confirmation of the subject property's flood zone classification from a licensed surveyor' 20. If the appraisal is for mortgage loan purposes 1) we assume satisfactory completion of improvements if construction is not complete,2) no consideration has been given for rent loss during rent-up unless noted in the body of this report, and 3) occupancy at levels consistent with our "Income and Expense Projection" are anticipated. 2L It is assumed that there are no hidden or unapparent conditions of the property, subsoil, or structures which would render it more or less valuable. No responsibility is assumed for such conditions or for engineering which may be required to discover them' 22 Our inspection included an observation of the land and improvements thereon only. It was not possible to observe conditions beneath the soil or hidden structural components within the improvements. We inspected the buildings involved, and reported damage (if any) by termites, dry rot, wet rot, or other infestations as a matter of information, and no guarantee of the amount or degree of damage (if any) is implied. Condition of heating, cooling, ventilation, electrical and plumbing equipment is considered to be commensurate with the condition of the balance of the improvements unless otherwise stated. Should the client have concerns in these areas, it is the client's responsibility to order the appropriate inspections. The appraiser does not have the skill or expertise to make such inspections and assumes no responsibility for these items. 23. This appraisal does not guarantee compliance with building code and life safety code requirements of the local jurisdiction. It is assumed that all required licenses, consents, certificates of occupancy or other legislative or administrative authority from any local, state or national governmental or private entity or organization have been or can be obtained or renewed for any use on which the value conclusion contained in this report is based unless specifically stated to the contrary. Page O 2018 VALBRIDGE PROPERTY ADVISORS I Central California 47 TRACT 6936 MY*tnflg,gs GENERAL ASSUN/PTIONS & LIN/ITING CONDITIONS 24 When possible, we have relied upon building measurements provided by the client, owner, or associated agents of these parties.ln the absence of a detailed rent roll, reliable public records, or "as-built" plans provided to us, we have relied upon our own measurements of the subject improvements. We follow typical appraisal industry methods; however, we recognize that some factors may limit our ability to obtain accurate measurements including, but not limited to, property access on the day of inspection, basements, fenced/gated areas, grade elevations, greenery/shrubbery, uneven surfaces, multiple story structures, obtuse or acute wall angles, immobile obstructions, etc. Professional building area measurements of the quality, level of detail, or accuracy of professional measurement services are beyond the scope of this appraisal assignment. 25. We have attempted to reconcile sources of data discovered or provided during the appraisal process, including assessment department data. Ultimately, the measurements that are deemed by us to be the most accurate and/or reliable are used within this report. While the measurements and any accompanying sketches are considered to be reasonably accurate and reliable, we cannot guarantee their accuracy. Should the client desire a greater level of measuring detail, they are urged to retain the measurement services of a qualified professional (space planner, architect or building engineer). We reserve the right to use an alternative source of building size and amend the analysis, narrative and concluded values (at additional cost) should this alternative measurement source reflect or reveal substantial differences with the measurements used within the report. 26. In the absence of being provided with a detailed land survey, we have used assessment department data to ascertain the physical dimensions and acreage of the property. Should a survey prove this information to be inaccurate, we reserve the right to amend this appraisal (at additional cost) if substantial differences are discovered. 27 If only preliminary plans and specifications were available for use in the preparation of this appraisal, then this appraìsal is subject to a review of the final plans and specifications when available (at additional cost) and we reserve the right to amend this appraisal if substantial differences are discovered. 28 Unless otherwise stated in this report, the value conclusion is predicated on the assumption that the property is free of contamination, environmental impairment or hazardous materials. Unless othenvise stated, the existence of hazardous material was not observed by the appraiser and the appraiser has no knowledge of the existence of such materials on or in the property' The appraiser, however, is not qualified to detect such substances. The presence of substances such as asbestos, urea-formaldehyde foam insulation, or other potentially hazardous materials may affect the value of the property. No responsibility is assumed for any such conditions, or for any expertise or engineering knowledge required for discovery. The client is urged to retain an expert in this field, if desired. Page 48 O 2018 VALBRIDGE PROPERTY ADVISORS I Central California TRACT 6936 MY*tnilg,gs GENERAL ASSUN/PIIONS & LIMITING CONDITIONS 29 The Americans with Disabilities Act ("ADA") became effective January 26,1992. We have not made a specific compliance survey of the property to determine if it is in conformity with the various requirements of the ADA. It is possible that a compliance survey of the property, together with an analysis of the requirements of the ADA, could reveal that the property is not in compliance with one or more of the requirements of the Act. If so, this could have a negative effect on the value of the property. Since we have no direct evidence relating to this issue, we did not consider possible noncompliance with the requirements of ADA in developing an opinion of value. 30. This appraisal applies to the land and building improvements only. The value of trade fixtures, furnishings, and other equipment, or subsurface rights (minerals, gas, and oil) were not considered in this appraisal unless specifically stated to the contrary. 31. No changes in any federal, state or local laws, regulations or codes (including, without limitation, the Internal Revenue Code) are anticipated, unless specifically stated to the contrary. 32. Any income and expense estimates contained in the appraisal report are used only for the purpose of estimating value and do not constitute prediction of future operating results. Furthermore, it is inevitable that some assumptions will not materialize and that unanticipated events may occur that will likely affect actual performance. 33. Any estimate of insurable value, if included within the scope of work and presented herein, is based upon figures developed consistent with industry practices. However, actual local and regional construction costs may vary significantly from our estimate and individual insurance policies and underwriters have varied specifications, exclusions, and non-insurable items. As such, we strongly recommend that the Client obtain estimates from professionals experienced in establishing insurance coverage. This analysis should not be relied upon to determine insurance coverage and we make no warranties regarding the accuracy of this estimate. 34. The data gathered in the course of this assignment (except data furnished by the Client) shall remain the property of the Appraiser. The appraiser will not violate the confidential nature of the appraiser-client relationship by improperly disclosing any confidential information furnished to the appraiser. Notwithstanding the foregoing, the Appraiser is authorized by the client to disclose all or any portion of the appraisal and related appraisal data to appropriate representatives of the Appraisal Institute if such disclosure is required to enable the appraiser to comply with the Bylaws and Regulations of such Institute now or hereafter in effect. O 2018 VALBRIDGE PROPERTY ADVISORS I Central California Page 49 TRACT 6936 MY*tþrig,gs GENERAL ASSUMPIIONS & L]N/ITING COND]TIONS 35 You and Valbridge Property Advisors I Central California both agree that any dispute over matters in excess of $5,000 will be submitted for resolution by arbitration. This includes fee disputes and any claim of malpractice. The arbitrator shall be mutually selected. If Valbridge Property Advisors I Central California and the client cannot agree on the arbitrator, the presiding head of the Local County Mediation & Arbitration panel shall select the arbitrator. Such arbitration shall be binding and final. In agreeing to arbitration, we both acknowledge that, by agreeing to binding arbitration, each of us is giving up the right to have the dispute decided in a court of law before a judge or jury. In the event that the client, or any other party, makes a claim against Central California or any of its employees in connections with or in any way relating to this assignment, the maximum damages recoverable by such claimant shall be the amount actually received by Valbridge Property Advisors I Michael Burger and Associates for this assignment, and under no circumstances shall any claim for consequential damages be made. 36. Valbridge Property Advisors I Central California shall have no obligation, liability, or accountability to any third party. Any party who is not the "client" or intended user identified on the face of the appraisal or in the engagement letter is not entitled to rely upon the contents of the appraisal without the express written consent of Valbridge Property Advisors I Central California. "Client" shall not include partners, affiliates, or relatives of the party named in the engagement letter. Client shall hold Valbridge Property Advisors I Central California and its employees harmless in the event of any lawsuit brought by any third party, lender, partner, or part-owner in any form of ownership or any other party as a result of this assignment. The client also agrees that in case of lawsuit arising from or in any way involving these appraisal services, client will hold Valbridge Property Advisors I Central California harmless from and against any liability, loss, cost, or expense incurred or suffered by Valbridge Property Advisors I Central California in such action, regardless of its outcome. 37 The Valbridge Property Advisors office responsible for the preparation of this report is independently owned and operated by Central California. Neither Valbridge Property Advisors, Inc., nor any of its affiliates has been engaged to provide this report. Valbridge Property Advisors,lnc. does not provide valuation services, and has taken no part in the preparation of this report. 38. If any claim is filed against any of Valbridge Property Advisors, Inc., a Florida Corporation, its affiliates, officers or employees, or the firm providing this report, in connection with, or in any way arising out ol or relating to, this report, or the engagement of the firm providing this report, then (1) under no circumstances shall such claimant be entitled to consequential, special or other damages, except only for direct compensatory damages, and (2) the maximum amount of such compensatory damages recoverable by such claimant shall be the amount actually received by the firm engaged to provide this report. O 2018 VALBRIDGE PROPERTY ADVISORS I Central California Page 50 TRACT 6936 MY*Hli$,gs GENERAL ASSUN/PTIONS & LIN/ITING CONDIÍIONS 39. This report and any associated work files may be subject to evaluation by Valbridge Property Advisors, Inc., or its affiliates, for quality control purposes. 40. Acceptance and/or use of this appraisal report constitutes acceptance of the foregoing general assumptions and limiting conditions. 4L. Appraiser shall have no obligation, liability, or accountability to any third party. Any party who is not the "client" or intended user identified on the face of the appraisal or in the engagement letter is not entitled to rely upon the contents of the appraisal without the express written consent of Valbridge Property Advisors I Central California. "Client" shall not include partners, affiliates or relatives of the party named in the engagement letter. Client shall hold Appraiser harmless in the event of any lawsuit brought by any third party, lender, partner or part owner in any form of ownership or any other party as a result of this assignment. The client also agrees that in the case of lawsuit arising from or in any way involving these appraisal services, client will hold Appraiser harmless from and against any liability, loss, cost or expense incurred or suffered by Appraiser in such action, regardless of its outcome. O 2018 VALBRIDGE PROPERTY ADVISORS I Central California Page 51 TRACT 6936 N--..%YsHilgss CERTITICATION Certification - Michael C. Burger I cerlify that, to the best of my knowledge and belief: 1. The statements of fact contained in this report are true and correct. 2. The reported analyses, opinions, and conclusions are limited only by the reporled assumptions and limiting conditions and are my personal, impaftial, and unbiased professional analyses, opinions, and conclusions, 3. I have no present or prospective interest in the propefty that is the subject of this report and no personal interest w¡th respect to the parties involved, 4. I have performed no seruices, as an appraiser or in any other capacity, regarding the propefty that is the subject of this report within the three-year period immediately preceding acceptance of this assignment. 5, I have no bias with respect to the property that is the subject of this report or to the parties involved with this assignment. 6. My engagement ín this assignment was not contingent upon developing or reporting predetermined results. 7. My compensation for completing thís 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 value opinion, the attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended use of this appraisal. B. My analyses, opinions and conclusions were developed, and this report has been prepared, in conformity with the Uniform Standards of Professional Appraisal Practice' 9. I have made a personal inspection of the property that is the subject of this report. 10. No one provided significant real property appraisal assistance to the person signing this ceftification. 11. 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 and Standards of Professional Appraisal Practice of the Appraisal Institute. 12. The use of this report is subject to the requirements of the Appraisal Institute relating to review by its duly authorized representatives, 13. As of the date of this report, the undersigned has completed the continuing education program for Designated Members of the Appraisal Institute. MichaelC. R^,V-AC Senior M California License #4G003817 License Expires May 17, 2018 O 2018 VALBRIDGE PROPERTY ADVISORS lCentral California Page 52 TRACT 6936 MY*tnilgss CERTFICATION Certification - Michael P. Tiede I certify that, to the best of my knowledge and belief: 1. The statements of fact contained in this report are true and correct. 2. 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. 3. 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' 4. I have per-formed no seryices, 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. 5. I have no bias with respect to the property that is the subject of this report or to the parties involved with this assignment, 6. My engagement in this assignment was not contingent upon developing or reporting predetermined results. 7. My compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or dírection in value that favors the cause of the client, the amount of value opinion, the attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended use of this appraisal. 8. My analyses, opinions and conclusions were developed, and this report has been prepared, in conformity with the Uniform Standards of Professional Appraisal Practice. 9. I have made a personal inspection of the propedy that is the subject of this report. 10. No one provided significant real property appraisal assistance to the person signing this certification. 11. 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 and Standards of Professional Appraisal Practice of the Appraisal Institute. 12. The use of this report is subject to the requirements of the Appraisal Institute relating to review by its du ly authorized representatives, 13. As of the date of this report, I have completed the Standards and Ëthics Education Requirements for Candidates of the Appraisal Institute. el P. Tiede Appraiser California License #4G041652 License Expires November 28,20L8 Page O 2018 VALBRIDGË PROPERTY ADVISORS I Central California 53 TRACT 6936 #Y*tgrig,gs ADDENDA Addenda Tract Map Glossary Qualifications . MichaelC. Burger, MAI, R/W-AC . Michael P. Tiede Information on Valbridge Property Advisors Office Locations O 2018 VALBRIDGE PROPERTY ADVISORS I Central California Page 54 TRACT 6936 MY*krig,gs ADDENDA Tract Map O 2018 VALBRIDGE PROPERTY ADVISORS I Central California Page 55 B]1Ágs-oÍ-9EMI{æ ITçEID RECffiOER'S ffiTf,CAE ftffid ssfrB mMù¡xdLosD ]M a - 6M r' cüc !ã- */ hs mrKs¿Hrg¡.t.$,*2r¡ã ú N\ 3-ùñ a A',¿, 8ú,2;aÌt NÛõ5-E F TRACT 6936 rÁ ù n P41A:, w* l\{O. t^. f,& !r¡!' ñ $m ß øcr þ.52¿ ffi'^' o -f¡ô-a€.er/rc Ë@.ffirøq6rrÍ*tr6x@Ì o - s ¡'*. r/2i2'Ðm ^\ SEING A DIVSil OF NE TORft I5O FEET tr LOß 11 ND 12 e@*srmÆusrffi9w¡.Þ ff SMS fP ff XMN C@Nil ND CfrPNY fl6 ó -.mli¡ffiÌÆmffi 11, 19t5; ISO ASN0 PmloN 0F n üE l) -s@tr@^üm NoRffffiSI'€3RU^ñY QUffiTER Of SfCÌOr 16,^ foilStp æ SO,IX, RÑG 25 €ÀSI. XOilT DI&O EAS ÂND ilRDIfr, IN üE OTY ø SAFIER, CgNry ff K€RN. $ATE OF CilFORilIA ¡ 5f M ¡ Ukdú Á11 s{ r@!3 æ s* stÙ e {s lJ mm¡[ LoF I PM rol EF(msúm,MÌ*rñf er10rffi ^r ^m Å It .,sfÆto ue} i : -l b,in l_> Ë*%ï -4r&oae"k i=Li== ïr¡rlr -'f,F- - 1 inch = 60 ft- e, rRÀüt t!0. 5856 PHÂSE 2 M.B. 50, gGS. J95*t5õ eü4\ es &ú@ cû@ 1 2 4 5 6 7 r¡,E28 Sf il,770 $ 11.770 Sr 6 I 10 11 x,770 I 11, 174 s 11, 770 1t,770 S 12 v 11.770 Sr 1r,770 SÊ t1,770 SF r1,t0 sF ¡r,770 sF ¡t.770 s 6,763s RODEO S¡REEÍ Þ LOf IJ ts t !ìÀLES MÀP OF I-À''JÐS OF LOA 12 I KÉ'i¡I COUI.ITY t-ÀND COMPÀNY iê SÀLES MÀP OF IÀNÞg OI t r.ERN COUNI'Y I-ÀND COMPÀNY I 3EC. 6, T.2BS., R.258., M,9.P.M. I sac. 16, f.2a5.. R.258.. M.D.A.M. I I J I ¡ o3 I I I I I I I I \À (\ \q LOS ANGEIES AVENUE , SH IET F a # JÒZ,qa,/bb 4Ê TRACT 6936 MY*krig,ss ADDENDA Glossary Definitions are taken from The Dictionary of Real Estate Appraisal, 6th Edition (Dictionary), the Uniform Standards of Professional Appraisal Practice (USPAP), and Building Owners and Managers Association International (BOMA). Absolute Net Lease Certificate of Occupancy (COO) A lease in which the tenant pays all expenses including A formal written acknowledgment by an appropriate unit structural maintenance, building reserves, and of local government that a new construction or management; often a long-term lease to a credit tenant. renovation project is at the stage where it meets (Dictionary) applicable health and safeÇ codes and is ready for commercial or residential occupancy. (Dictionary) Amortization The process of retiring a debt or recovering a capital Common Area Maintenance (CAM) investment, typically through scheduled, systematic The expense of operating and maintaining common repayment of the principal; a program of periodic areas; may or may not include management charges and contributions to a sinking fund or debt retirement fund. usually does not include capital expend¡tures on tenant (Dictionary) improvements or other improvements to the property. (Dictionary) As Is Market Value The estimate of the market value of real property in its The amount of money charged to tenants for their shares current physical condition, use, and zoning as of the of maintaining a [shopping] center's common area. The appraisal date. (Dictionary) charge that a tenant pays for shared services and facilities such as electriciÇ, security, and maintenance of parking Base Rent lots. Items charged to common area maintenance may The minimum rent stipulated in a lease. (Dictionary) include cleaning services, parking lot sweeping and Base Year maintenance, snow removal, securiÇ and upkeep. ICSC - The year on which escalation clauses in a lease are based. International Council of Shopping Centers, 4th Ed.) (Dictionary) Condominium Building Common Area A multiunit structure, or a unit within such a structure, In office buildings, the areas of the building that provide with a condominium form of ownership. (Dictionary) services to building tenants but which are not included in Conservation Easement the office area or store area of any specific tenant. These An interest in real estate restricting future land use to areas may include, but shall not be limited to, main and preservation, conservation, wildlife habitat, or some auxiliary lobbies, atrium spaces at the level of the finished combination of those uses. A conservation easement may floor, concierge areas or security desks, conference permit farming, timber harvesting, or other uses of a rural rooms, lounges or vending areas, food service facilities, nature as well as some types of conservation-oriented health or fitness centers, daycare facilities, locker or development to continue, subject to the easement. shower facilities, mail rooms, fire control rooms, fully (Dictionary) enclosed courtyards outside the exterior walls, and building core and service areas such as fully enclosed Contributory Value mechanical or equipment rooms. Specifically excluded A type of value that reflects the amount a property or from building common area are floor common areas, component of a property contributes to the value of parking space, portions of loading docks outside the another asset or to the property as a whole. building line, and major vertical penetrations. (BOMA) The change in the value of a property as a whole, whether Building Rentable Area positive or negative, resulting from the addition or The sum of all floor rentable areas. Floor rentable area is deletion of a property component. Also called deprival the result of subtracting from the gross measured area of value in some countries. (Dictionary) a floor the major vertical penetrations on that same floor. It is generally fixed for the life of the building and is rarely affected by changes in corridor size or configuration. (BOMA) O 2018 VALBRIDGE PROPERTY ADVISORS I Central California Page 56 TRACT 6936 MY*nrjgss ADDENDA Debt Coverage Ratio (DCR) Effective Date The ratio of net operating income to annual debt service 1) The date on which the appraisal or review opinion (DCR = NOIIm). which measures the relative abiliÇ of a applies. (SVP) property to meet its debt service out of net operating 2) In a lease document, the date upon which the lease income; also called debt service coverage ratio (DSCR). A goes into effect. (Dictionary) larger DCR typically indicates a greater ability for a Effective Gross Income (EGI) property to withstand a reduction of income, providing The anticipated income from all operations of the real an improved safety margin for a lender. (Dictionary) estate after an allowance is made for vacancy and Deed Restriction collection losses and an addition is made for any other A provision written into a deed that limits the use of land. income. (Dictionary) Deed restrictions usually remain in effect when title Effective Rent passes to subsequent owners. (Dictionary) Total base rent, or minimum rent stipulated in a lease, Depreciation over the specified lease term minus rent concessions; the 1) In appraisal, a loss in propefty value from any cause; rent that is effectively paid by a tenant net of financial the difference between the cost of an improvement concessions provided by a landlord. (TIs). (Dictionary) on the effective date of the appraisal and the market EPDM value of the improvement on the same date. Ethylene Propylene Diene Monomer Rubber. A type of 2) In accounting, an allocation of the original cost of an rubber typically used roof coverings. asset, amortizing the cost over the asset's life; synthetic for (Dictionary) calculated using a variety of standard techniques. (Dictionary) Escalation Clause Disposition Value A clause in an agreement that provides for the adjustment of a price or rent based on some event or The most probable price that a specified interest in index. e.9., provision increase rent operating property should bring under the following conditions: a to if increase; also called escalotor clause, expense , Consummation of a sale within a specified time, expenses (Dictionary) which is shorter than the typical exposure time for recovery clause or stop clause. such a property in that market. Estoppel Certificate , property subjected market conditions The is to A signed statement by a party (such as a tenant or a prevailing as of the date of valuatlon; mortgagee) certilying, for another's benefit, that certain prudently and , Both the buyer and seller are acting facts are correct, such as that a lease exists. that there are knowledgeably; no defaults, and that rent is paid to a certain date. , The seller is under compulsion to sell; (Black's) In real estate, a buyer of rental property typically , The buyer is typically motivated; requests estoppel certificates from existing tenants. parties , Both are acting in what they consider to be Sometimes referred to as an estoppel lefter. (Dictionary) their best interests; , An adequate marketing effort will be made during Excess Land the exposure time; Land that is not needed to serve or support the existing , Payment will be made in cash in U.S. dollars (or the use. The highest and best use of the excess land may or local currency) or in terms of financial arrangements may not be the same as the highest and best use of the comparable thereto; and improved parcel. Excess land has the potential to be sold , The price represents the normal consideration for separately and is valued separately. (Dictionary) the property sold, unaffected by special or creative Excess Rent financing or sales concessions granted by anyone The amount by which contract rent exceeds market rent associated with the sale. (Dictionary) at the time of the appraisal; created by a lease favorable Easement to the landlord (lessor) and may reflect unusual The right to use another's land for a stated purpose. management, unknowledgeable or unusually motivated (Dictionary) parties, a lease execution in an earlier, stronger rental market, or an agreement of the parties. (Dictionary) EIFS Exterior Insulation Finishing System. This is a Çpe of exterior wall cladding system. Sometimes referred to as dry-vit. O 2018 VALBRIDGE PROPERTY ADVISORS I Central California Page 57 TRACT 6936 MY*tnlig,gs ADDENDA Expense Stop above-grade area. This includes mezzanines and A clause in a lease that limits the landlord's expense basements if and when Çpically included in the obligation, which results in the lessee paying operating market area of the type of property involved. expenses above a stated level or amount. (Dictionary) 2) Gross leasable area plus all common areas. 3) For residential space, the total area of all floor levels Exposure Time measured from the exterior of the walls and 1) The time a property remains on the market. including the superstructure and substructure 2) The estimated length of time that the property basement; typically does not include garage space. ¡nterest being appraised would have been offered on (Dictionary) the market prior to the hypothetical consummation of a sale at market value on the effective date of the Gross Measured Area appraisal; Comment: Exposure time is a retrospective The total area of a building enclosed by the dominant opinion based on an analysis of past events portion (the portion of the inside finished surface of the assuming a competitive and open market. permanent outer building wall which is 50 percent or (Dictionary) more of the vertical floor-to-ceiling dimension, at the given point being measured as one moves horizontally Extraordinary Assu mption along the wall), excluding parking areas and loading An assumption, directly related to a specific assignment, docks (or portions of same) outside the building line. It is as of the effective date of the assignment results, which, generally not used for leasing purposes and is calculated if found to be false, could alter the appraiser's opinions on a floor by floor basis. (BOMA) or conclusions. Comment: Extraordinary assumptions presume as fact otherwise uncertain information about Gross Up Method physical, legal, or economic characteristics of the subject A method of calculating variable operating expenses in properÇ; or about conditions external to the property income-producing properties when less than 100% such as market conditions or trends; or about the occupancy is assumed. Expenses reimbursed based on integrity of data used in an analysis. (USPAP, 20L6-20L7 the amount of occupied space, rather than on the total ed.) building area, are described as "grossed up." (Dictionary) Fee Simple Estate Gross Retail Sellout Absolute ownership unencumbered by any other interest The sum of the separate and distinct market value or estate, subject only to the limitations imposed by the opinions for each of the units in a condominium, governmental powers of taxation, eminent domain, subdivision development, or portfolio of properties, as of police power, and escheat. (Dictionary) the date of valuation. The aggregate of retail values does not represent the value of all the units as though sold Floor Common Area together in a single transaction; it is simply the total of In an office building, the areas on a floor such as the individual market value conclusions. Also called the wash rooms, ja nitorial closets, electrica I rooms, telephone aggregote of the retail values, aggregate retoil selling price rooms, mechanical rooms, elevator lobbies, and public or sum of the retoil volues.. (Dictionary) corridors which are available primarily for the use of tenants on that floor. (BOMA) Ground Lease A lease that grants the right to use and occupy land. (Gross) Lease Full Service Improvements made by the ground lessee Çpically revert A lease in which the landlord receives stipulated rent and to the ground lessor at the end of the lease term. is obligated to pay all of the properÇ's operating and (Dictionary) fixed expenses; also called a full service leose. (Dictionary) Ground Rent Going-Concern Value The rent paid for the right to use and occupy land An outdated label for the market value of all the tangible according to the terms of a ground lease; the portion of and intangible assets of an established and operating the total rent allocated to the underlying land. business with an indefinite life, as if sold in aggregate; (Dictionary) more accurately termed the morket value of the going concern or market volue of the total assets of the business. HVAC (Dictionary) Heating, ventilation, air conditioning (HVAC) system. A unit that regulates the temperature and distribution of Gross Building Area (GBA) heat and fresh air throughout a building. (Dictionary) 1) Total floor area of a building, excluding unenclosed areas, measured from the exterior of the walls of the O 2018 VALBRIDGE PROPERTY ADVISORS I Central Calìfornia Page 58 TRACT 6936 MY*Hrig,gs ADDENDA Highest and Best Use because it depends on a set of investment criteria that are 1) The reasonably probable use of property that results not necessarily Çpical of the market. (Dictionary) in the highest value. The four criteria that the highest Just Compensation and best use must meet are legal permissibility, In condemnation, the amount of loss for which a property physical possibiliÇ, financial feasibility, and owner is compensated when his or her property is taken. maximum productivity. Just compensation should put the owner in as good a 2) The use of an asset that maximizes its potential and position pecuniarily as he or she would have been if the that is possible, legally permissible, and financially property had not been taken. (Dictionary) feasible. The highest and best use may be for continuation of an asset's existing use of for some Leased Fee Interest alternative use. This is determined by the use that a The ownership interest held by the lessor, which includes market participant would have in mind for the asset the right to receive the contract rent specified in the lease when formulating the price that it would be willing plus the reversionary right when the lease expires. to b¡d. (rvs) (Dictionary) 3) [The] highest and most profitable use for which the property is adaptable and needed or likely to be Leasehold Interest needed in the reasonably near future. (Uniform The right held by the lessee to use and occupy real estate Appraisal Standards for Federal Land Acquisitions) for a stated term and under the conditions specified in (Dict¡onary) the lease. (Dictionary) Hypothetical Condition Lessee (Tenant) 1) A condition that is presumed to be true when it is One who has the right to occupancy and use of the known to be false. (SVP - Standards of Valuation property of another for a period of time according to a Practice, effective January 1, 2015) lease agreement. (Dictionary) A condition, directly related to a specific assignment, 2) Lessor (Landlord) which is contrary to what is known by the appraiser One who conveys the rights of occupancy and use to to exist on the effective date of the assignment others under a lease agreement. (Dictionary) results, but is used for the purpose of analysis. Comment: Hypothetical conditions are contrary to Liquidation Value known facts about physical, legal, or economic The most probable price that a specified interest in characteristics of the subject property; or about property should bring under the following conditions: conditions external to the property, such as market , Consummation of a sale within a short time period. conditions or trends; or about the integrity of data , The property is subjected to market conditions used in an analysis. (USPAP, 20L6-2017 ed.) prevailing (Dictionary) as of the date of valuation. , Both the buyer and seller are acting prudently and Industrial Gross Lease knowledgeably. A type of modified gross lease of an industrial property , The seller is under extreme compulsion to sell. in which the landlord and tenant share expenses. The , The buyer is typically motivated. landlord receives stipulated rent and is obligated to pay , Both parties are acting in what they consider to be certa in operating expenses, often structural mai ntenance, their best Interests. insurance and real property taxes, as specified in the , A normal marketing effort is not possible due to the lease. There are significant regional and local differences brief exposure time. in the use of this term. (Dictionary) , Payment will be made in cash in U.S. dollars (or the local currency) or in terms of financial arrangements Insurable Value comparable thereto. A type of value for insurance purposes. (Typically this , The price represents the normal consideration for includes replacement cost less basement excavation, the property sold, unaffected by special or creative foundation, underground piping and architect's fees). financing or sales concessions granted by anyone (Dictionary) associated with the sale. (Dictionary) Investment Value Loan to Value Ratio (LTV) The value of a property to a particular investor or class of The ratio between a mortgage loan and the value of the investors based on the investor's specific requirements. property pledged as security, usually expressed as a Investment value may be different from market value percentage. (Dictionary) O 2018 VALBRIDGE PROPERTY ADVISORS I Central California Page 59 TRACT 6936 My*tþri$,gs ADDENDA Major Vertical Penetrations net net lease, portiol net Leose, or semi-gross lease. Stairs, elevator shafts, flues, pipe shafts, vertical ducts, (Dictionary) Atria, lightwells and and the like, and their enclosing walls. Operating Expense Ratio similar penetrations above the finished floor are included The ratio of total operating expenses to effective gross in this definition. Not included. however, are vertlcal income (TOE/EGI); the complement of the net income penetrations built for the private use of a tenant ratio, i.e., OER = 1- NIR (Dictionary) occupying office areas on more than one floor. Structural columns, openings for vertical electric cable or telephone Option distribution, and openings for plumbing lines are not A legal contract, Çpically purchased for a stated considered to be major vertical penetrations. (BOMA) consideration, that permits but does not require the holder of the option (known as the opúlonee) to buy, sell, Market Rent or lease real estate for a stipulated period of time in The most probable rent that a property should bring in a accordance with specified terms; a unilateral right to competitive and open market reflecting the conditions exercise a privilege. (Dictionary) and restrictions of a specified lease agreement, including the rental adjustment and revaluation, permitted uses, Partiallnterest use restrictions, expense obligations; term, concessions, Divided or undivided rights in real estate that represent renewal and purchase options and tenant improvements less than the whole, i.e., a fractional interest such as a (TIs). (Dictionary) tenancy in common, easement, or life interest. (Dictionary) Market Value The most probable price that a propefty should bring in Pass Through a competitive and open market under all conditions A tenant's portion of operating expenses that may be requisite to a fair sale, the buyer and seller each acting composed of common area maintenance (CAM), real prudently and knowledgeably, and assuming the price is property taxes, property insurance, and any other not affected by undue stimulus. Implicit in this definition expenses determined in the lease agreement to be paid is the consummation of a sale as of a specified date and by the tenant. (Dictionary) the passing of t¡tle from seller to buyer under conditions (PGI) whereby: Potential Gross Income , Buyer and seller are typically motivated; The total income attributable to property at full r Both parties are well informed or well advised, and occupancy before vacancy and operating expenses are acting in what they consider their own best interests; deducted. (D¡ctionary) is allowed for exposure in the ' A reasonable time Prospective Future Value Upon Completion open market; A prospective market value may be appropriate for the , Payment is made ¡n terms of cash in United States valuation of a property interest related to a credit dollars or in terms of financial arrangements decision for a proposed development or renovation comparable thereto; and project. According to USPAP, an appraisal with a , The price represents the normal consideration for prospective market value reflects an effective date that is the property sold unaffected by special or creative subsequent to the date of the appraisal report. ... The financing or sales concessions granted by anyone prospective market value -as completed- reflects the associated with the sale. property's market value as of the time that development (Dictionary) is expected to be complete. (Dictionary) Master Lease Prospective Future Value Upon Stabilization A lease in which the fee owner leases a part or the entire A prospective market value may be appropriate for the property to a single entity (the master lease) in return for valuation of a property ¡nterest related to a credit a stipulated rent. The master lessee then leases the decision for a proposed development or renovation properly to multiple tenants. (Dictionary) project. According to USPAP, an appraisal with a Modified Gross Lease prospective market value reflects an effective date that is A lease in which the landlord receives stipulated rent and subsequent to the date of the appraisal report ...The is obligated to pay some, but not all, of the property's prospective market value - as stabilized - reflects the operating and fixed expenses. Since assignment of property's market value as of the time the property is expenses varies among modified gross leases, expense projected to achieve stabilized occupancy. For an responsibiliÇ must always be specified. In some markets, income-producing property, stabilized occupancy is the a modified gross lease may be called a double net lease, occupancy level that a property is expected to achieve O 2018 VALBRIDGE PROPERTY ADVISORS I Central California Paqe 60 Valbridge TRACT 6936 M PROPERTY ADVISORS ADDENDA after the property is exposed to the market for lease over may not be coterminous with the underlying lease term. a reasonable period of time and at comparable terms and (Dictionary) conditions to other similar properties. (Dictionary) Subordination Replacement Cost A contractual arrangement in which a party with a claim The estimated cost to construct, at current prices as of a to certa¡n assets agrees to make his or her claim junior, or specific date, a substitute for a building or other subordinate, to the claims of another parÇ. (Dictionary) improvements, using modern materials and current Surplus Land standards, design, and layout. (Dictionary) Land that is not currently needed to support the existing Reproduction Cost use but cannot be separated from the property and sold The estimated cost to construct, at current prices as of the off for another use. Surplus land does not have an effective date of the appraisal, an exact duplicate or independent highest and best use and may or may not replica of the building being appraised, using the same contribute value to the improved parcel. (Dictionary) materials, construction standards, design, layout, and Triple Net (Net Net Net) Lease quality of workmanship and embodying all of the deficiencies, superadequacies, and obsolescence of the An alternative term for a Çpe of net lease. In some markets, net net net lease is defined as a lease in which subject building. (Dictionary) a the tenant assumes all expenses (fixed and variable) of Retrospective Value Opinion operating a property except that the landlord is A value opinion effective as of a specified historical date. responsible for structural maintenance, build ing reserves, The term retrospective does not define a Çpe of value. and management; also called NNN lease, net net net Instead, it identifies a value opinion as being effective at Iease, or fully net lease. (Dictionary) some specific prior date. Value as of a historical date is frequently sought in connection with property tax (The market definition of a triple net lease varies; in some appeals, damage models, lease renegotiation, deficiency cases tenants pay for items such as roof repairs, parking judgments, estate tax, and condemnation. Inclusion of lot repairs, and other similar items.) the type of value with this term is appropriate, e.9., Usable Area "retrospective market value opinion." (Dictionary) The measured area of an office area, store area, or Sandwich Leasehold Estate building common area on a floor. The total of all the The interest held by the sandwich leaseholder when the usable areas for a floor shall equal floor usable area of property is subleased to another party; a type of that same floor. (BOMA) leasehold estate. (Dictionary) Value-in-Use Sublease The value of a property assuming a specific use, which An agreement in which the lessee in a prior lease conveys may or may not be the properÇ's highest and best use the right of use and occupancy of a properÇ to another, on the effective date of the appraisal. Value in use may or the sublessee, for a specific period of time, which may or may not be equal to market value but is different conceptually. (Dictiona ry) O 2018 VALBRIDGE PROPERTY ADVISORS I Central Californìa Page 61 TRACT 6936 MY*Hflg,gs ADDENDA Qualifications of Michael C. Burger, MAI, R/VV-AC President and Chief Appraiser #. Valbridge Property Advisors I Central California Wr * o,'1å lndependent Voluotions for o Variable World *+' Þ* Certifications Experience CA Cert Gen 4G003817 President and Chief Appraiser Michael Burger and Associates (1997 - Present) Education Bachelor of Science Agricultural Business Area Development Officer and Zone Owner Management, California Polytechnic State University Zone Data Systems I Zaio Inc. (2007 - Present) Probate Referee Contact Details State of California (2011 - Present) Valbridge Property Advisors I Central California 4915 Calloway Drive, Suite 10L Residential and Commercial Appraiser Bakersfield, CA 93312 Bruce Beaudoin Real Estate Appraisers (1987 - 1997) 661-587-1010 x LOL Phone 661-834-0748 Fax VP Finance Alpha Gamma Rho - San Luis Obispo Chapter (1985 - 1986) mbu rger@val brid ge.com www.valbridge.com Home Builder John K Richardson - General Contractor (L985 - L986) Professional Credentials Certified General Appraiser - State of California MAI - Appraisal Institute FHA Approved - U.S. Department of Housing and Urban Development R/W-AC - International Right of Way Association Probate Referee of Kern County Pro Bono Appraisal and Consulting services have been provided to the Bakersfield Police Activities League, Bakersfield Museum of Art, American National Red Cross, Habitat for Humanity, Salvation Army, and Kern Veteran's Memorial Foundation. Civic, Volunteer and Professional AffÌliations Director (20L3-Present) Friend of Mercy Foundation President (1998) Bakersfield Chapter Appraisal Institute Director (2003) Bakersfield East Rotary Club President and Treasurer (Past) Executive Association of Kern County Class of 2000 Greater Bakersfield Chamber of Commerce Leadership Club Director (Past) Alpha Gamma Rho Alumni Association Director and Secretary (Past) Bakersfield Active 20-30 Club Advisory Team City of Bakersfield Planning Department - Urban Decay Guest Lecturer: Bakersfield College, Cal Poly State University, Bakersfield Board of Realtors, Executive Associate of Kern CounÇ, Kern Kìwanis, Kern CountyTax Payers Association, KERN Talk Radio, McKinzie Real Estate, Watson Realty Corporation. O 2018 VALBRIDGE PROPERTY ADVISORS I Central California Page 62 TRACI 6936 MY*tþilgss . ADDENDA Appraisal Specialties Subdivision Development, Mixed-use, Retail Centers, Professional/Medical Office, Hotel/Motel, Restaurant, Apartments,lndustrial, Special Use & Going Concern, Hangars, High-rise and Low-rise Condominiums, Gas Stations, Golf Course, Auto Dealerships, Specialty Medical Facilities, Bowling Centers, Self-Storage, Single Family Residential, Right-of-Way/Condemnation, Investment Analysis, Market Studies, Feasibility & High and Best Use Analysis, Bu si ness Valuations, Pa rtia I Interest Val uations. Real Estate Courses Rural Appraisal - Cal Poly University Real Estate Appraisal - Bakersfield College Real Estate Finance - Cal Poly University Advanced Real Estate Appraisal - Bakersfield College Principle of Real Estate - Cal Poly University Partial Interest Valuation Appraisal Institute Courses (19 to 40 hour courses) Real Estate Principles Standards of Professional Practice A & B Basic Valuation Procedures The Appraisers Complete Review Capitalization Theory 8¿ Technical A & B Condemnation Appraising Case Studies in Real Estate Valuation Separating Real & Personal Property from Intangible Report Writing & Valuation Analysis Business Assets International Right of Way Courses (L9 to 40 hour courses) The Appraisal of Partial Acquisitions (#40L) Business Relocation (#502) Eminent Domain Law (#803) Real Estate Appraisal Seminars Understanding Limited Appraisals - General The FHA and the Appraisal Process Appraising Complex Residential Properties FHA Appraising for Valuation Professionals Non-Residential Demonstration Appraisal Reports Appraisal of Nonconforming Uses O.R.E.A. Federal & State Laws & Regulations Appraisal of Nursing Facilities Loss Prevention Program for Real Estate Technology and the Appraisal Process Real Estate Appraiser Expert Witness National USPAP Update Trends in the Hospitality Industry Appraising Manufactured Housing Va I uation Considerations - Partial Acq u isition Litigation Seminar Valuation of Detrimental Conditions Business Practices and Ethics A Review of I - 4 Residential Form Vineyard Valuation & Ag Symposium Internet Sources for the California Appraiser Uniform Appraisal Dataset (UAD) O 2018 VALBRIDGE PROPERTY ADVISORS I Central California Page 63 TRACT 6936 MY*Hri'qgs ADDENDA Business, Consumer Services & Housing Agency BUREAU OF REAL ESTATE APPRAISERS REAL ESTATE APPRAISER LICENSF) Michael C. llurger has successfully mer thc requirerncnts for a liccnse as a residerrrial ancl comnle l'cial real cstate appraiser ¡n th!: State of California and is, there fore, entitled to use the titlc: "Certifìed Gencrql Real Estate Appraiscr" 'lhis license has been issucd in accordance with the provisions ol'thc Real Estate Appraiscrs' Liccnsing and Certilìcation Law. BREA APPRAISER IDENTIFICAI]ON NUMBER: AC 003817 Effective Date: May 18, 2016 l)ate Expires: May 17, 2018 /W"-'fr Jim Bureau Chiel. BREA 3027000 Itrrs D(Xruitt$l corf^tr¡s a Iruf ry^r[fit/Ärx - ttolo uP rç tl(ì|I Io sté çxA¡N titit(' t,I a :f l'-\ t,. 1t t,ll *,4.t t.I lò .U , -a *:ù t -t a;r.;t r-l aÈ.:t t @ 2018 VALBRIDGE PROPERTY ADVISORS I Central California Page 64 TRACT 6936 MY*tþilg,gs ADDENDA Qualifications of Michael P Tiede Certified General Real Estate Appraiser Valbridge Property Advisors I Central California Voluations a Variable World Certifications California Certified General Real Estate Appraiser - AG04L652 Education Bachelor of Science Business Administration, Concentration in Management, California State UniversiÇ, Bakersfield, CA Contact Details Valbridge Property Advisors I Central California 49L5 Calloway Drive, Suite 101 Bakersfield, CA 93312 661-587-1010 x 1-04 Phone 66I-834-0748 tax [email protected] wnnru.valbridge.com Professional Credentials Certified General Appraiser - State of California Experience Commercial and Residential Appraiser Trainee Michael Burger & Associates Real Estate Appraisal and Consultation, Bakersfield CA (1998 - 2006) Commercial and Residential Appraiser Valbridge PropertyAdvisors, Central California (MBA), Bakersfield CA (2006 - Present) Civic, Volunteer and Professional Affiliations Treasu rer (2012 -2014) Central Ca I iforn ia C ha pter Apprai sa I In stitute Secreta ry QlLS -2017) Central Ca I iforn ia Cha pter Appraisa I Institute Appraisal Specialties Single Family Residences, Multifamily Residential 2-4 Units, Apartment Complexes, Vacant Land, Vacant Lots, Proposed Residential Subdivisions, Proposed Industrial Subdivisions, Motels/Hotels, Restaurants, Office Buildings, Medical Offices (Proposed),lndustrial Buildings, Gas Stations/Convenience Stores, Retail Buildings, Shopping Centers, Mini Storages, Churches, Residential Market Studies, Rent Comparability Studies, Absorption Studies Appraisal Institute Cou rses Appraisal Principles (LL0) General Applications (320) Appraisal Procedures (120) Advanced lncome Capitalization (5L0) Residential Case Study (210) GeneralAppraiser Market Analysis and Highest & Best Use Uniform Standards of Professional Appraisal Practice GeneralAppraiser Report Writing and Case Studies Basic lncome Capitalization (310) Advanced Concepts and Case Studies @ 2018 VALBRIDGE PROPERTY ADVISORS I Central California Page 65 TRACT 6936 MYilHrig,gs ADDENDA llusiness, ('onsunler Services & llousing Agency BUREAU oF REAL ESTATE APPRAISEnS REAL ESTATE APPRAISER LICENSE Michael P. Tiede has successfitll¡' nret the requircnre!ìts tbl a license as a resideulial and cornnrercial real estate appraiser in the St¡:te ol'(-alilì)rnia alld is, therelìrre. e¡rtitled lo use the title: "('crtified (ìeneral Real F.state Appraiser" 'l'his licens¡.'has bcen issued in accoldance with the prr:r'isions of the Real Estate Appraisers' l..icensing and ('crtilìcation l.arr. BRF.A APPRA¡StìR IDENl'll-I('ATION NTJMBER: Ac 04¡ó5? Ë,|lèctive Date: Novernber :9. 201 6 Date Expires: Novernber ?8, 201 8 Jinr Bureau Chiell IIREA 3029 r ?S O 2018 VALBRIDGE PROPERTY ADVISORS I Central California Page 66 TRACT 6936 MY*tþli$,.q"s ADDENDA Company Information on Val bridge Property Advisors t Valbrldg€ lr thr largest natlon¿l commrrclâl rcal rltatc vâluâtlon and advlsory servlces ñrm ln North Amerlca; - Total number ol lì¡lAlr (200 on ståff) - Total number of ofllce locatlons (38 across the U.3,) - TolEl number of rtafl (67õ strong) t Vrlbrldgê covers the U,g, ffom coad to coast. t Vrlbrldge sêrvlces sll property types, lncludlng speclal-purpose propertles. t Vålbrldge provlde8 lndependent valuetlon servlces. We are not owned by a brokerage firm or lnvestment compåny, f Every Valbr¡dge office ls led by a eenior managing dlrector who holds the MAI deslgnatlon ol thê Apprâltål lnstltuta, t Valbrldge ls owned by our local offlce lesder¡ t Va¡brldge rrrelcomes slngle-property a8slgnments a8 wefl ag portfollo, multl-market and other bulk-property engagements, O 2018 VALBRIDGE PROPERTY ADVISORS I Central California Page 67 TRACT 6936 WYilþrig,gs ADDENDA Nw,llhvatbridse \@/ enoernrY aDvrsoRs OFFICE LOCATIONS ALABAMA FLORTDA (confd.l MASSACTIUSETTS OKLA¡IOMA UTATI 260 BeêrHill Road 6525N. MeidianAvenre 260 Swrh 25m vl,brt 4732 \ bodmere goulenrd 8200 NW 4 I 6t Str€ot Sulte106 Srite 309 sutt6 301 Monloomery, ,qL 36tCrð 6uito 200 vl¡afiham MA (t4ã1 Oldahma Oty, OK 73116 P¡eëBñtG¡ove, UÎ 84062 3?"4..27f .5011 Do6l, FL 33166 781.7S0.5645 46.6ffi.1553 801.492 9328 305.ô30.8029 ARIZONA 6e66 Seth 6heidan Road l l00 Eð6t 6800 South 603 HlllüêÊt Stræl MICHIGAN Suite 104 Surte 201 6061 Ê. Grant Road O¡lando, FL 32803 Trls¡, OK 74i33 6alt Lrk6 City, UT 8¿'121 Suile l2l 407.030.3€?6 '1 420 \,Ê.hrnfton B¡vd, 918.71?.9902 801.262 3388 lu6on, AZ 957 1 2 Sulle 301 520 321 0000 1l(E 16th Slro€t N Delroit, Ml 482?6 PENNSYLVANIA 20 Nodh Main St Fet€rsburg, FL 33705 313.986 33t3 Sult€ 304 72 7.89{. 1 800 6t Gffrgo, UT 84770 CALIFORNIA 150 S Uårær no¡d 2127 Univgßlty PalkDrlre Su¡lg 440 435 773 6300 4919 Callolay Orlvg 2711 Pclinrel¡aAvonu€ 6uiþ 390 Krng ofPru¡rù, PA 1940û \¡&€t çqile 101 Perm Bæø, ÈL 33407 Okemo6, Ml,lB8ô4 215 545 190Ð vtRolNla 8åkerdleld. C493312 581.833.5331 517.336.0001 4701 Ræd 601.t87.10r0 B¡pl¡61 656 lndÊD?ndânqe Polhday 8urt6 304 Sulte 220 GEOROIA MINNESOTA Piírbursh, PA lõ227 '1370 N greo Bou¡êvård Çha6p$ke. VA 2lì320 ¿1 2.88 t .608ô 15i 410.1222 Suile ztt 2675 Påce8 Forry Road 222 $oulh 91h 6tr6ot Suito 145 Suite825 Fuilorton. c492835 7400 Boauto¡t Sprir{F Ðrlvo Allenta, GA 30439 714.449.0852 MrnneaDor¡ô, MN 55402 SOUTH CARO!INA Sule 300 67 8.644.4853 6r2 253.0850 2813 Cofrao Rqd 010 N. Mgln $tr6Ft R¡chmoñd. VP,23225 suttÊ Ë.2 Crænulls, SC ?0801 804.672.À413 Modc¡lo, O{ 95355 IDAHO MtssouRt w,293.t277 5107 CêntBr Sr4t 209.56S.0450 14Í€ ryoll lils 10090 QuMnRoad 920 Bay StrÈei Unit 2B Suitr B 998. Lal@Awnue gulle 100 Suil6 26 Wllramburg, VA?318e Bo¡e, lD 93706 6ulte 21 Overl¡nd K6 69210 B@ufelt 6C 29002 757.345.0010 2ô8.336.1097 Prrk P¡Êådrnr. CAgl101 913.45t.1451 8r'.3.342.m2 g¿6.rM0424 I 875 N Låkowmd Drivo WASHINGTON 5uù¡ NEVADA 12S0 FâlrmontAwne 3353 Br.dÈhaw Roðd îm Coeu¡ d'Al€nô, lD 83814 Mt PlôaËnt 6C 29464 18729 Bôlhôlt l Ay, NE $uìte 213 208.292.2û5 3034S DurrrugDrMo s43.Sg't.l26e êúhê B SrcBñ?nto. CA t3827 Sulle 100 Bothêll, WA88011 916361 2509 LeBV90æ. tW89117 425.450.0040 702.242.93æ lENNESSEE tLLTNOTS 2927 ColbyAwnue 1210 112V1,þÉwþod Plaoo $utt€ g!ú? Sultç 100 Sen Joæ, CAg5113 ð00\¡¿ Lale strs8t NEW JERSEY 300 Everêtl WA 98201 40s.279.1520 Suile 240 Brentwæd, lN 37027 Routo 10!ìlb6t,6uiþ 20¡ ¿25.258.2611 Ch¡ægo, 1160661 27(0 615.36t.0670 3160Crw Canygn Plgæ Moris PlåiE NJ 07950 3r2.288.8{¡87 419 8e¡kÉley Aveñue Su¡t€ 245 s73.970 9333 701 Broåd 9fool Sults A san Rrmon, ç494583 Suate 209 35@ Route 0 Soutn Surte Frcr@Ì, \^¡q 98466 s25.327.1660 INDIANA 2ø Châttanæga, ïN 37402 Hffill, NJ 07731 423.2eá843õ ?53.274 0099 820 Forl \^èyne Avonus 732.&7 3113 COLORADO ¡ndiånapoliô, lN 46204 213 For Ræd 8378 W GËndÍdge Boulcvrrd 31'¡ .687.27 47 Knwillç, TN 37922 sun€ 11GD 7445 Ë. P€dvlùAvsñu€ NEWYORK 8ú 322.2424 Kennryick, wA 99339 Cenlsni8l CO 80111 5æ.221.1ã40 424 !rybÉt 33rd 6træl 303.443.S600 KANSAS 675û PoplârAvonur Suite ô30 S!íte7m 506 Ssond Avsnug 10990 Qu¡vi.¡ Roãd 232¡2'two RivÊ6 Ro¡d NilYork NY 10001 'tN Suite 1001 sule 100 MemphlÊ, 38138 Un¡l 10.| 212,?68.1113 s0r.753.ô977 Seãtll€, \ ¡A98'104 B.sll CO81tsz1 Ov€rland Pârk KS66210 20ô.209.301ô 1451 970 340.10t8 913.451 NORITI CAROLINA rEXAS 324 N, l\¡ullan Road 1099 MalnAvonu€ KËNTUCKY 412 E. Chðlham Slræt High PointC6nl€r Spokln€ \¡alley WA 9920ô Suilê 311 Câry NC 27511 12225 Grsmvill€AvËnue 50s 747 0999 900r Plaæ Ou.ango, @ 81301 ,bs 919.859.2666 Suite 490 Sune 30ê Dalla6,'fX 75243 wtscoNslN Lou¡wllla. KY 40222 100 CONNECTICUÏ 4530 Park R@d, Suile 214.446.1õ11 502.585 3651 Chadolte, NC 28209 126€0 W NoflhAvflue BrooKi€ld, W 53005 Row 704.376.5400 874 Cañpbell Road 6 Central 262.16279€0 Th¡rd nØr LOUISIANA Suilê 204 Hårtford, Cï 06103-2701 oHto HouBlø, lx 77024 0ô0.246.4606 51 2 North Cauærvay Boulevard 713.407.58ãB Metaire, LA 70001 1655 W Markei Streel 17 Covw@d Dtive fi4.247.7130 Suite 13ô 2731 Elst Sleot Lubb@k TX 79423 ¡¡oNalk Cl 06853 Akron. OH 44313 203.286.652û 806.744.1188 MARYLAND 330.E999900 1 1 1 Soledåd ,l1100 8291 BeæhmontAve., FLORIÐA Þovedale C@rt Suile t!00 Sulle B MarlotlÊvllle, ùlD 21104 ganAnlo¡io, fX 78205 Clncinnsti, OH 45255 2240 Venellan Coud 443.333.5522 210.22?.6225 Napes. FL34109 513 785.0820 239.514.4646 1422 Éucl¡dAvenue Sulte 1070 Clwlãnd, OH44'115 216.367.0690 valbddoe oí¡æ 16 itúwendÐw Nned índ opæled llinl.. m[ Eac:h O 2018 VALBRIDGE PROPERTY ADVISORS I Central California Page 68 uocu!Ígn tsnvôrop€ ru: zu¡il-bl ðö-õu A/{4Erz- A1 ts 4-uFþÞAUðr r ¡rþ3 ^{N.ALIFo*NIA vAcANTLANDpuRcHAsEAGREEMENT 3J å; ',iJ^'l;å?.ì 6 AND JotNr EscRow tNsrRucnoNs -7 (C.A.R. Fom VLPA, Rev¡sed 12115) Date Prepared:. Aprll2, 2018 1. OFFER: A. THIS ¡S AN OFFER FROM JEREMV WLLER CO. ("Buye/'), B. THE REAL PROPERTYTo be acquired issO4RODEO*STIRACTST#6936 situated in SHAFTER _ (City), KEEIV_ _(County),California, 93263 (ZipCode),Assesso/sParcelNo "Properly'). Further Described Aa C. THE PURCHASE PRICE offered is Five Hundred Çigþ;ly-Fluq1h9q9and- Dollars $ 585,000.00 D. CLOSEOF on (date) (orM-- 20 oavi nnCiÀcceptance). E, Buyer and Seller are referred to herein as the'Parties." Brokers are not Parties to this Agreement. 2. AGENCY: A, DISCLOSURE: The Parties each acknowledge receipt of a [ "Disclosure Regarding Real E¡tate Agency Relationships" (C.A.R. Form AD). B. CONFIRMATION: The following agency relationships are hereby confirmed for this transaction: XJthe Seller exclusively; or l_J both the Buyer and Seller. Selling Agent . Miramal lqtg.ga-ti*qnql Downlgryn- . (Print Firm Name) (if not the same as the Listing Agent) is the agent of (check one): X¡ the Buyer exclusively; or i. jthe Seller exclusively: or l__l both the Buyer and Seller. C. POTENTIALLY COMPETING BUYERS AND SELLERS: The Parties each acknowledge receipt of a[t 'Possible Representalion of More than One Buyer or Seller - Disclosure and Consenfl (C.A.R. Form PRBS). 3. FINANCE TERMS: Buyer represents that funds will be good when deposited with Escrow Holder. A. INITIALDEPOSIT:Depositshallbeintheamountof ...... $ 25,000.00 (l) Buyelpirecl Deposit: Blyer shall deliver dgposit directly to Escrow Holder by elec{ronic funds transfer, I--l cashie/s check, l-l personal check, klother within 3 business days afte1\cceptance (or ); OR (z)lj Buyer Deposit with Agent Buyer has given the deposit by personal check (or to the agent submitting the offer (or to . ), made payable to The deposit shall be held uncashed until Acceptance and then deposited with Escrow Holder within 3 business days afier Acceptance (or Deposit checks given to agent shall be an original signed check and not a copy. (Note: lnitial and increased deposits checks received by agent shall be recorded in Broker's trust fund log.) B. INCREASED DEPOSIT: Buyer shalldeposit with Escrow Holder an increased deposit in the amount of . $ within _ Days After Acceptance (or ). lf the Parties agree to liquidated damages in lhis Agreement, they also agree to incorporatethe increased deposit into the liquidated damages amount in a separate l¡qu¡dated damages clause (C.A.R. Form RID) at lhe time the increased deposit is delivered to Escrow Holder. C. EALL CASH OFFER: No loan is needed to purchase the Property. This offer is NOT contingent on Buyer obtaining a loan. Written verification of sufficient funds to close this transaction lS ATTACHED to this offer orffi Buyer shall, within 3 (or _ ) Days Afier Acceptance, Deliver lo Seller such verification. D. LOAN(S): (fIFIRSTLOAN:intheamounlof ...... $ This loan will be conventional financing ornFHA, [V¡, i :setler financing (C.A.R, Form SFA), I assumed financing (C.A.R. Form AFA), ! subject to financing,. I Olher . This loan shall be at a fixed rate not to exceed . _o/o ot, i tan adjustable rale loan with initial rate not to exceed o/0. Regardless of the type of loan, Buyer shall pay points not to exceed _o/o of the loan amount, (2lnSECONDLOANintheamountof ,,,...,, ...... $ This loan will be conventionalfinancinS ori- lSetbrnnancing (C.A.R. Form SFA), assumed financing (C.A.R. Form AFA), i ìsubject to financingf ] Ottrer This loan shall be at a fixed rate not lo exceed - o/o or,l , an adjustable rate loan with ínitial rate not lo exceed o/0. Regardlese of the lype of loan, Buyer shall pay points not to exceed % of the loan amount. (3) FHA/VA: For any FHA or VA loan specified in 3D(1 ), Buyer has 17 {or__ ) Days After Acceptancelo Deliverto Sellerwrittennotice(C.A.R.Form FVA) of any lender-requiredepairsor coststhat Buyerrequesls Sellerto pay for or otheruisecorrect.Sellerhas no obligationto pay or satisfylenderrequirementsunless agreed in writing. A FHA /A amendatory clause (C.A.R. Form FVAC) shall be a part of this transaction E. ADDITIONAL FINANC¡NG TERMS: ALLCASHOFFER /-os WS s0 Buye/stnitiats( I .rülj )( Seller's lnitials -rw O 1986-2015, Celllot8iglslgocíation of REALTORSO, I nc VLPA REVTSED tZ15 (PAGE I OF rr) Mlr.nrr Inlrr¡¡tb¡tl Dw¡liln I ?00 K Stræl Sultc ,10 B¡krnñcld. C,l ,$01 Phona: Fü:661-t2?.70l2 ûrl¡û.d Mlcbrd B¡úlha¡ -)Producsd w¡lh 18070 Fifrosn M¡lo Rosd, Frar*, uocuÞrgn tsnvetope lu: zL,4F5lðb-ðuAA-4EFz-Ar l-4-urþÞAUUl l55J Property Address: 504 RODEO Sf fRACf 5ï#6936, SHAFTER, CA 93263 Date: f;pril !,2018 4. SALE OF BUYER'S PROPERTY: A. This Agreement and Buyels ability to obtain financing are NOT contingent upon the sale of any property ownod by Buyer. OR B. I This Agreement and Buyer's ability to obtain linancing are contingent upon the sale of property owned by Buyer as specified in the attached addendum (C.A.R. Form COP). 5. [] MANUFACTURED HOME PURCHASE: The purchase of the Property is contjqgent upon Buyer acquiring a personal property manufactured home to be placed on the Property after Close Of Escrow. Buyer[_,has l_]has not entered into a conlract for the purchase of a personal property manufactured home. Within lhe time specified in paragraph 19, Buyer shall remove lhis conlingency or cancel this Agreement, (or:-,r th¡s contingency shall remain in effect until the Close Of Ëscrow of the Properly). 6. ; : CONSTRUCTION LOAN FINANCING: The purchase of the Property is contingent upon Buyer oblaining a construclion loan. A diaw from the conslruction loan I :w¡il i lw¡tt nol be used lo finance the Property. \Mlhin tha lime specified in paragraph 19, Buyer shall remove this contingency or cancel this Agreement (or n this contingency shall remain in effect until Close Of Escrow of the Property). 7. ADDENDA AND ADVISORIES: A. ADDENDA: i ;Addend-um # (C4.R. Form ADM) jCourt Back .Up Q{grAdlendum (C,A.R, fgrm BUO-) j Confirmation Addendum (C.A.R, Form cc4) S¡pliq,_[_e]l and Prgp_g.dy Mg,nU¡snt Addondq¡,n (C,4.R.. fgr¡¡ Short Sale Addendum (C.A.R. Form SSA) B. BUYER AND SELLER ADVISORIES ta Buyefs lnspeclion Adviqory (C.A.R: feryr,' 814) :: Statewide and Seller Advisory (C.A,R, Form SBSA) REO (C,{.(, Form 8ç9)_ Other 8. OTHERTERMS: 9. ALLOCATION OF COSTS A. INSPECTIONS, REPORTS AND CERTIFICATES: Unless otherwise agreed, in writing, this paragraph only determines who is to pay for the inspection, test, certificate or service ('Report") mentioned; it does not determine who is to pay for any work recommended or identified in the Report. (1 ) ! Buyer ffi Setter shall pay for a natural haza¡d zone disclosure report, including tax I environmental f] Other: prepared by l2l Buyer Seller shall pay for the following Report prepared by (3) [ Buyer i Seilãr stràií óày tor tnè foltowing Repol prepared by B. ESCROW AND TITLE: (1) (a) pay E Buyer I Seller shall escrow fee . (b) Escrow Holder shall be (c) The Parties shall, within 5 (or _ ) Days Afler receipt, sign and return Escrow Holder's general provisions (Z) (a) n Buyer ffi Seller shall pay for owner's t¡tle insurance policy specified in paragraph 18E (b) Owneds title policy to be issued by _ (Buyer shall pay for any title insurance policy insuring Buye/s lender, unless otherwise agreed in writing.) C. OTHERGOSTS: (l)t ,Buyer)(j Seller shall pay Coung transfer tax or fee (2) i_ Buyer Xr Seller shall pay City transfer lax or fee _ ,. (3) . Buyer Seller shall pay Homeowners'Association ("HOA") transfer fee (4) Seller shall pay HOA fees for preparing all documents required to be delivered by Civil Code 54525. (5) to for any HOA certification fee. (6) Buyer Seller shall pay HOA fees for preparing all documents other than those required by Civil Code $4525. (7) Buyer Seller shall pay for any private transfer fee (8) Buyer Seller shall pay for (e) Buyer 10. CLOSING AND to Buyer: (i) at6PMor ( :.leWi Ì eu¡ on the date of Close Of Escrow; (ii)l-ino later than calendar days after Close Of Escrow; or (iii) ,1 at , AM/ PM on The Property shall be unoccupied , unless otherwise agreed in writing. Seller shall provide keys and/or means to operate all Property locks. lf Property is located in a common interest subdivision, Buyer may be required to pay a deposit to the Homeowners' Association ('HOA) to obtain keys to accessible HOA facilities. 11.ITEMS INCLUDED IN AND EXCLUDED FROM SALE: A. NOTE TO BUVER AND SELLER: ltems listed as included or excluded in the MLS. flyers or marketing materials are not includedja$g: purchase price or excluded from the sale unless specified in 1 1B or C. Buyer'srnitiars,lr^ )( ) seiler'srnil¡ars , ) LlL*S-lL¿û1y VLPA REVTSED 1?;/15 (PAGE 3 OF lr) vAcANT LAND PURCHASE AGREEMENT (VLPA PAGE 3 OF 1l) Pmduæd w¡th z¡pFom@ by z¡plog¡x '18070 Fifteen M¡16 Ræd, Frss€r, Michigan 48026 wW Urt¡tld 'iFl¡g¡r.Om -t uocuÞtgn trnvetope I u: zu4t-51 ðb-óuAA-4ts Fz-A l t-.t-ut-þE Auð t iJ5J Property Address: 501BQDEQ çT IBAç.T ST t6_9*3"9, SHAFTER, CA 932Q9 . _ Date: Aprll 2, 2018 D. MELLO-ROOSTAX; f9ISBONDAGT:Withinthetimespecifiedinparagraphl9,Sellershall: (i)makeagoodfaithefforttoobtainanotice from any local agencies that levy a special tax or assessmenton the Property (or, if allowed, substantiallyequivalent notice), pursuant to the Mello-Roos Gommunity Facilities Act, and lmprovement Bond Act of 1915, and (ii) promptly deliver to Buyer any such notice obtained. E. SELLER VACANT LAND QUESTIONNAIRE: Seller shall, within the time specified in paragraph 19, complete and prov¡de Buyer with a Seller Vacant Land Questionnaire (C.A.R. Form VLQ). 14. SUBSEQUENT DISCLOSURES: ln the event Seller, prior to Close Of Escrow, becomes aware of adverse conditions materially affecting the Property, or any material inaccuracy in disclosures, information or representations previously provided to Buyer of which Buyer is otherwise unaware, Sellershall promptly provide a subsequent oramended disclosure or not¡ce, in writing, covering those items. However, a subsequent or amended disclosurc shall not be required for conditions and material inaccuracies disclosed ¡n reports order€d and paid for by Buyer. I5. CHANGES DURING ESGROW: A, Prior to Close Of Escrow, Seller may engage in the following acls, ("Proposed Changes"), subject to Buye/s rights in paragraph 158: (i) rent or lease any part of the premises; (ii) alter, modify or extend eny existing rental or lease agreement; (ill) enter into, alter, modify or extend any service contract(s); or (iv) change the status of the condition of the Property. B. At least 7 (or _ ) Days prior to any Proposed Changes, Seller shall give written notice to Buyer of such Proposed Changes, tMthin 5 (or _ ) Days After receipt of such notice, Buyer, in writing, may give Seller notice of Buye/s objection to the Proposed Changes, in which case Seller shall not make the Proposed Changes. 16. CONDITION OF PROPERTY: Unless otherw¡se agreed in writing: (i! the Property is sold (a)'AS-|S' ¡n its PRESENT physical cond¡tion as of the date of Acceptance and (b) subjectto Buyer's lnvestigation rights; (ll)the Properly, including pool, spa, landscaping and grounds, is to be maintained in substantially the same condition as on the date of Acceptance; and (iii) all debris and personal property not included in the sale shall be removed by Close Of Escrow. A. Seller shall, within the time specified in paragraph '194, DISCLOSE KNOWN MATERIAL FACTS AND DEFECTS affecting the Property, includ¡ng known insurance claims within the past five years, and make any and all other disclosures required by law. B. Buyer has the right to conduct Buyer lnvestigations of the property and, as specified in paragraph 198, based upon information discovered in those investigations: (i) cancel this Agreement; or (ii) request that Seller make Repairs or take other action. C. Buyer is strongly advised to conduct investigations of the entirc Property in order to determine its present condition. Seller may not be aware of all defects affecting the Property or other factors that Buyer considers lmportant. Property improvements may not be built according to code, ¡n comp¡iance w¡th current Law, or have had permits issued, I7. BUYER'S INVESTIGATION OF PROPERWAND MATTERS AFFECTING PROPERTY: A. Buyeis acceptance of the condition ol and any other malter affecting the Property, is a contingency of this Agreement as specified in th¡s paragraph and paragraph 198. \Mthin the time specified in paragraph 198(1), Buyershall have the right, at Buyer's expense unless otherwise agreed, to conduct inspeclions, investigations, tesls, surveys and other studies ("Buyer lnvestigations"), including, but not limited to, the right to: (i) inspect for lead-based paint and other lead-based paint hazards; (¡¡) inspect for wood destroying pests and organisms; (iii) review the registered sex offender database; (iv) confirm the insurability of Buyer and the Property; and (v) satisfl Buyer as to any matter specified in the attached Buye/s lnspection Advisory (C,A.R. Form BIA). W¡thout Selle/s prior written consent, Buyer shall neither make nor cause to be made: (i) invasive or destructive Buyer lnvestigations except for minimally invasive testing; or (i¡) inspections by any governmental building or zoning inspector or government employee, unless requ¡red by Law. B. Seller shall make the Property available for all Buyer lnvestigalions- Buyer shall (i) as specified in paragraph 198, complete Buyer lnvestigations and, either remove the contingency or cancel this Agreement, and (iil give Seller, at no cost, complete Copies of all lnvestigation reports obtained by Buyer, which obligation shall survive the termination of this Agreement. C. Buyer indemnity and Seller protection for entry upon property: Buyer shall: (i) keep the Property free and clear of liens; (ii) repair all damage arising from Buyer lnvestigations; and (iii) indemnify and hold Seller harmless ftom all resulting liability, claims, demands, damages and costs of Buyer's lnvestigations. Buyer shall cârry, or Buyer shall require anyone acting on Buyer's behalf to carry, policies of liabil¡ty, workers' compensation and other applicable insurance, defending and protecting Seller from liability for any injuries to persons or property occurring during any Buyer lnvest¡gations or work done on the Property at Buye/s direction prior to Close Of Escrow. Seller is advised that certain protections may be afforded Seller by recording a "Notice of Non-responsibility" (C.A.R. Form NNR) for Buyer lnvestigations and work done on lhe Property at Buyer's direclion. Buyer's obligations under this paragraph shall survive the termination or cancellation of this Agreement and Close Of Escrow. D. BUYER IS STRONGLY ADVISED TO INVESTIGATE THE CONDITION AND SUITABILITY OF ALL ASPECTS OF THE PROPERTY AND ALL MATTERS AFFECTING THE VALUE OR OESIRABILIW OF THE PROPERTY, INCLUDING BUT NOT LIMITED TO, THE ITEMS SPECIFIED BELOW. IF BUYER DOES NOT EXERCISE THESE RIGHTS, BUYER IS ACTING AGAINST THE ADVICE OF BROKERS. BUYER UNDERSTANDS THAT ALTHOUGH CONDITIONS ARE OFTEN DIFFICULT TO LOCATE AND DISCOVER, ALL REAL PROPERW CONTAINS CONDITIONS THAT ARE NOT READILY APPARENT AND THAT MAY AFFECT THE VALUE OR DESIRABILIW OF THE PROPERTY. BUYER AND SELLER ARE AWARE THAT BROKERS DO NOT GUARANTEE, AND IN NO WAY ASSUME RESPONSIBILITY FOR, THE CONDITION OF THE PROPERTY. BROKERS HAVE NOT AND WILL NOT VERIFY ANY OF THE ITEMS IN IHIS PARAGRAPH 17, UNLESS OTHERWISE AGREED IN WR¡TING. E. SIZE, LINES, ACCESS AND BOUNDARIES: Lot size, property lines, legal or physical access and boundaries including features of the Property shared in common with adjoining landowners, such as walls, fences, roads and driveways, whose use or responsibility for maintenance may have an effect on the Property and any encroachments, easements or simílar matters that may affect the Property. (Fences, hedges, walls and other natural or constructed barriers or markers do not necessarily identify true Property boundaries. Property lines may be verifìed by survey.) (Unless otheruise specified in writing, any numerical statements by Brokers regarding lot size are APPROXIMATIONS ONLY, which have nol been and will not be verified, and should not be relied upon by Buyer.) F. ZONING AND LAND USE: Past, present, or proposed laws, ordinances, referendums, initiatives, votes, appl¡calions and permits affecting the current use of the Property, future development, zoning, building, size, governmental permits and inspections. Any zoning violations, non-conforming uses, or violations of "setback" requirements. (Buyer should also investigate whether these matters affect Buyefs intended use of the Property.) G. UTILITIES SERVICES: Availability, costs, reslriclions and location of utilities and servicesrine[ding but not limited to, sewerage, and leach l¡nes, water, electricity, gas, telephone, cable rVand cfrainase I ØS_JL¿ß50 Buyer's lnitials ( )( Selle/s lnitisls ( l\____]l_ VLPA REVISED 5 OF lr) vAcANT LAND PURCHASE AGREEMENT (VLPA PAGE 5 OF 11) Pmduced with zipFom@ by zipLog¡x 18070 Fifteen Mile Road, Fraser, MichigÊn 4802ô rdln¿¡OLag¡x.€r0 Urt¡llcd UocuÞlgn tsnvelope lU: zU4r5ìðb-ötrAA-4trr2-Al F4-Ul-þÉAUðì lUSC Property Address: 501 RODEO Sf fRÁqrST t6936, SHAFTER, CA 93263 Dale: Ap¡j! |,2018 (4) Continuation of Contlngency: Even after the end of the time specified in paragraph 198(1) and before Seller cancels, if at all, pursuant to paragraph 19C, Buyer retains the right, in writing, to either (i) remove remaining cont¡ngencies, or (ii) cancel this' Agreement based on a remaining contingency. Once Buyer's written removal of all contingencies is Delivered to Seller, Seller may not cancel this Agreement pursuant to paragraph 19C(l ). C. SELLER RIGHT TO CANGEL: (l) Seller right to Cancel; Buyer Contingencies: lf, by the time spec¡fied in this Agreement, Buyer does not Deliver io Seller a removal of the applicable contingency or cancellation of this Agreement, then Seller, after fìrst Delivering to Buyer a Notice to Buyer to Perform (C.A.R. Form NBP), may cancel this Agreement. ln such event, Seller shall authorize lhe return of Buyels deposit, except for fees incurred by Buyer. (2) Seller right to Cancel; Buyer Contract Obligations: Seller, after f¡rst delivering to Buyer a NBP, may cancel this Agreement if, by the t¡me specified in this Agreement, Buyer does not take the following action(s): (i) Deposit funds as required by paragraph 3A or 38 or if the funds deposited pursuant to paragraph 3A or 38 are not good when deposited; (ii) Deliver a notice of FHA or VA costs or terms as required by paragraph 3D(3) (C.A.R. Form FVA); (iii) Deliver a letter as required by paragraph 3J(1); (iv) Deliver verifìcation as required by paragraph 3C or 3H or if Seller reasonably disapproves of the verification provided by paragraph 3C or 3H; (v) Return Statutory Disclosures as required by paragraph 124; or (vi) Sign or initial a separate liquidated damages form for an increased deposit as required by paragraphs 38 and 278; or (vii) Provide evidence of authority to sign ¡n a representative capacity as specified in paragraph 19. ln such event, Seller shall authorize the return of Buye/s deposit, except for fees incurred by Buyer. D. NOTIGE TO BUYER OR SELLER TO PERFORM: The NBP or NSP shall: (i) be in writing; (ii) be signed by the epplicable Buyer or Seller; and (iiil give the other Party at least 2(or_) Days Afrer Delivery (or until the time specified in the applicable paragraph, whichever occurs last) to take the applicable action. A NBP or NSP may not be Delivered any earlierthan 2 Days Priorto the expiration of the applicable time for the other Party to remove a contingency or cancel this Agreement or meet an obligation specifìed in paragraph 19. E. EFFECT OF BUYER'S REMOVAL OF CONTINGENCIESI lf Buyer removes, in writing, any contingency or cancellation rights, unless otherw¡se specified in writing, Buyer shall conclusively be deemed to have: (i) completed all Buyer lnvesligations, and review of reports and other applicable information and disclosures pertaining to that contingency or cancellation right; (ii) elected to proceed with the lransaction; and (iii) assumed all liability, responsibility and expense for Repairs or corrections pertaining to that contingency or cancellation right, or for the inability to obtain financing" F. CLOSE OF ESCROW: Before Buyer or Seller may cancel this Agreement for failure of the other Party to close escrow pursuant to this Agreement, Buyer or Seller must first Deliver to the other Party a demand to close escrow (C.A.R. Form DCE). The DCE shall: (i) be signed by the applicable Buyer or Seller; and (ii) give the other Party at least 3 (or _ ) Days After Delivery to close escrow. A DCE may not be Delivered any earlier than 3 Days Prior to the scheduled close of escrow. G. EFFECT OF CANCELLATION ON DEPOSITS: lf Buyer or Seller gives written notice of cancellation pursuant to rights duly exercised under the terms of this Agreement, the Parties agree to Sign mutual instructions to cancel the sale and escrow and release deposits, if any, to the party entitled to the funds, less fees and costs incurred by that party. Fees and costs may be payable to service providers and vendors for services and producls provided during escrow. Except as specified below, rclease of funde will requiro mutual Signed release instructions from the Partier, judicial decision or arbltration award. lf either Party fails to execute mutual instructions to cancel escrow, one Party may make a wr¡tten demand to Escrow Holder for the deposit (C.A.R. Form BDRD or SDRD). Escrow Holcler, upon receipt, shall promptly deliver notice of the demand to the other Party. lf, within 10 Days Afier Escrow Holde/s notice, the other Party does not object to the demand, Escrow Holder shall disburse the deposit to the Party making the demand. lf Escrow Holder complies with the preceding process, each Party shall be deemed lo have released Escrow Holder from any and all cla¡ms or liability related to the disbursal of the deposit. Escrow Holder, at its discretion, may nonelheless require mutual cancellation instructions. A Party may be subJect to a civil penalty of up to $1,000 for ¡efusal to sign cancellation lnstructions if no good faith dispute exists as to who is ent¡tled to the deposited funds {Glvil Code 51057.3). 20. REPAIRS: Repairs shall be completed priorto fìnal verification of condition unless otherwise agreed in writing. Repairs to be performed at Seller's expense may be performed by Seller or through others, provided that the work complies with applicable Law, including governmental permit, inspection and approval requirements. Repairs shall be performed in a good, skillful mannerwith materials of quality and appearance comparable to existing materials. lt is understood that exact restoration of appearance or cosmetic items following all Repairs may not be possible. Seller shall: (i) obtain invoices and paid rec€ipts for Repairs performed by others; (ii) prepare a wr¡tten statement indicating the Repairs performed by Seller and the date of such Repairs; and (iii) provide Copies of invoices and paid receipts and statements to Buyer prior to final verification of cond¡t¡on. 21. FINAL VERIFICATION OF CONDITION: Buyer shall have the right to make a final verification of the Property within 5 (or _ ) Days Prior to Close Of Escrow, NOT AS A CONTINGENCY OF THE SALE, but solely to confirm: (i) the Property is maintained pursuant to paragraph 16; (ll) Repairs have been completed as agreed; and (ill) Seller has complied with Seller's other obligations under this Agreement (C.A.R. Form VP). 22. ENVIRONMENTAL HAZARD CONSULTATION; Buyer and Seller acknowledge: (i) Federal, state, and local legislation impose liability upon existing and former owners and users of real property, in applicable siluations, for oertain legislatively defined, environmentally hazardous substances; (li) Broke(s) has/have made no representation concæming the applicability of any such Law to this transaction or to Buyer or to Seller, except as otherwise indicated in this Agreement; (iii) Broker(s) has/have made no representation concerning the existence, testing, discovery, location and evaluation of/for, and risks posed by, environmentally hazardous substances, if any, located on or potentially affec{ing the Property; and (iv) Buyer and Seller are each advised to consult with technical and legal experts concerning the existence, testing, discovery, location and evaluation of/for, and risks posed by, environmentally hazardous substances, if any, located on or potentially affecting the Property. 23. PRORATIONS OF PROPERW TAXES AND OTHER ITEMS: Unless otherwise agreed in writing, the following items shall be PAID CURRENT and prorated between Buyer and Seller as of Close Of Escrow: real property taxes and assessments, interest, rents, HOA regular, special, and emergency dues and assessments imposed prior to Close Of Escrow, premiums on insurance assumed by Buyer, payments on bonds and assessments assumed by Buyer, and payments on Mello-Roos and other Special Assessment 0s Buye/s lnitiels ( t,- , Seller's lnitials LÚLS- JL&ISO ) VLPA REVTSED 12t15 (PAGE 7 OF I 1 ) vAcANT LAND PURCHASE AGREEMENT (VLPA PAGE 7 OF ll) Produced with zipFom@ by zipLogix 18070 Fifiêsn M¡l€ Road, Frasør, Michigan 48026 t¡¡d¡plog¡&cox0 Unlilled uocuùrgn Enverope ru: ¡¿u4Fclðb-ðuAA-4tsFz-Aì r4-uFþÈtAuðl 1iJ53 Property Address: 50-r LOD_Ep_SI IR¡-C-fSf-#6936, SH/|FI,F_R, CA 93263 Date: April 2, 2018 27. REMEDIES FOR BUYER'S BREACH OF CONTRACT: A. Any clause added by the Parties specifying a remedy (such as release or forfeiture of deposit or making a deposit non- refundable) for fallure of Buyer to complete the purchaee in violation of this Agæement shall bc deemed invalid unle¡c the clause independently satisfies the statutory liquidated damages rcquircments set forth in the Civil Code. B, LIQUIDATEDDAMAGES;lfBuyerfailstocompleÞthispurchasebecauscofBuyer'sdefault,Sellershallretain,asliquidated damages,the depositactuallypaid. Buyerand Selleragreethatthisamountis a reasonablesum giventhatit is impracticalor extrcmelydifficulüo establiehtheamountof damagesthatwouldâctuallybe sufferedby Sellerin theeventBuyerwereto breach this Agreement. Release of funds will requirem utual,signed releeseinstructionsfrorn both Buyerand Seller,ludicialdecision or arbltratlonaward. AT TIME OF ANY TNCBEIU$EDDEPOSIT BUYER AND SELLER SHALL SIGN A LIQUIDATED DAMAGES PROVIS¡ON INCORPORATINGI THE.INCREASED DEPOSIT AS LIQUIDATED Buve/s'\_ tn¡tialsl JW t Seller's 28. DISPUTE RESOLUTION: A. MEDIATION: The Parties agree to mediate any dispute or claim arising between them out of this Agreement, or any resulting transaction, before resorting to arbitration or court aclion through the C.A.R. Consumer Mediation Center (www. consumermediation.org) or through any other mediation provider or service mutually agreed to by the Parties. The Parties also agrec to mediate any disputes or claims with Broker(s), who, in writing, agree to such mediation prior to, or within a rcasonable time aftcr, the dispute or claim is presented to the Broker. Mediation fees, if any, shall be divided equally among the Parties involved. lf, for any dispute or claim to which this paragraph applies, any Party (i) commences an aclion without first attempting to resolve the matter through mediation, or (ii) before commencement of an action, refuses to mediate after a request has been made, then that Party shall not be entitled to recover ettomey fees, even if they would othen¡rrise be available to that Party in any such action. THIS MEDIATION PROVISION APPLIES WHETHER OR NOT THE ARBITRATION PROVISION lS INITIALED. Exclusions from this mediation agrcement arc cpecified in paragraph 28C. B. ARBITRATION OF DISPUTES: The Parties agree that any d¡spute or cla¡m in Law or equ¡ty ar¡s¡ng between them out of this Agreement or any resutting transaction, whlch is not settled through mediation, shall be decided by neutral, bindlng arb¡trat¡on. The Parties also agree to arbitrate any d¡sputes or claims with Broker(s), who, ¡n writing, agree to such arb¡tratlon prlor to, or w¡th¡n a reasonable t¡me after, the dicpute or claim is presented to the Broker. The arbitrator shall be a retired judge or¡ustice, or an attorney with at least 5 years of transactional real ostate Law experlence, unless the parties mutually agree to a dlfferent arb¡trator. The Parties shall have the right to discovery in accordance with Gode of Civil Procedure $1283.05. ln all other respects, the arbltratlon ehall be conducted in accordance with Title 9 of Part 3 of the Gode of Civil Procedure. Judgment upon the award of the arbitrator(s) may be entered into any court having jurisdiction. Enforcement of thls agreement to arbitrate shall be governed by the Federal Arbltration Act. Exclusions from this arbitration agreement are specified in paragraph 28C. "NOTIGE: BY lNlTlAL¡NG lN THE SPACE BELOW YOU ARE AGREE¡NG TO HAVE ANY DISPUTE ARISING OUT OF THE MATTERS INCLUDED IN THE 'ARBITRATION OF DISPUTES' PROVISION DECIDED BY NEUTRAL ARBITRATION AS PROVIDED BY GALIFORNIA LAW AND YOU ARE GIVING UP ANY RIGHTS YOU MIGHT POSSESS TO HAVE THE D¡SPUTE LITIGATED IN A COURT OR JURY TRIAL. BY INITIALING IN THE SPACE BELOW YOU ARE GIVING UP YOUR JUDICIAL RIGHTS TO DISCOVERY AND APPEAL, UNLESS THOSE RIGHTS ARE SPECIFICALLY INCLUDED IN THE 'ARBITRATION OF DISPUTES' PROVISION. IF YOU REFUSE TO SUBITIIT TO ARBITRATION AFTER AGREEING TO THIS PROVISION, YOU I'IAY BE COMPELLED TO ARBITRATE UNDER THE AUTHORITY OF THE CALIFORNIA CODE OF CIVIL PROCEDURE. YOUR AGREEMENT TO THIS ARBITRATION PROVISION IS VOLUNTARY.'' ,.wE HAVE READ AND UNDERSTANPJHE FOREGOTNGAND AGREE TO SUBMIT DISPUTESARISING OUT tt :^i,,"ffi;,,"iï"#i#,ffi iP-"."FDrsPurEs'PRovr'oN.'ïl'"=,@liäþ''"- (f ) EXCLUSIONS: The following matterr ara excluded from mediation and arbltration: (i) a judiclal or non-Judicial forsclosure or other action or proceedlng to enforce a deed of trus! mortgage or in¡tallment land gale contract as dofined in Glvil Code 92985; (ii) an unlawful detalner action; and (iii) eny matter tñat is within the jurisdiction of a probate, small claims or bankruptcy court. (2) PRESERVATION OF ACTIONS: The following shall not constltute e waiver nor viol¡tion of the mediation and arbitration provisionc: (l) the filing of ¡ court action to preserve a statute of limltations; (ii) the filing of a court action to en¡ble the recording of a notice of pending action, for order of attachment, recelveruhlp, injunction, or other provieional remediee; or (iii) the filing of a mechanic's lien. (3) BROKERS: Broker¡ ghall not be obllgated nor compelled to mediate or arbitrate unless they agree to do so in wrlting, Any Broker(s) participating ln mediation or arbitration shall not be deemed a party to the Agreement. 29. SELECTION OF SERVICE PROVIDERS: Brokers do not guarantee the performance of any vendors, service or product providers ("Providers"), whether referred by Broker or selected by Buyer, Seller or other person. Buyer and Seller may select ANY Providers of their own choosing. 30. MULTIPLE LISTING SERVICE ("MLS"): Brokers are authorized to report to the MLS a pending sale and, upon Close Of Escrow, the sales priq_qBd other terms of this transaction shall be provided to the MLS to be pu to persons and entities auttfrilfl{ to use the information on terms approved by the MLS. Us- S Buyer'slnitials(lJu" )( ) Selle/s lnitials ( ) VLPA REVTSELTz¿Is (PAGE I OF 1r) VACANT I.AND PURCHASE AGREEMENT (VLPA PAGE 9 OF 1I) Fiftêôn Road, F¡ascr, M¡ch¡gan 46026 w (:m Uûtlal.d Producod w¡lh z¡pFormo by :ipLoe¡x 18070 Mib '¡plogix uocuùEn Envetope lu: zur+Fbruþ-uuAA-¿ltsl-¿-Aì r4-uFSEAuðt I ó5iJ 38. ACGEPTANCE OF OFFER: Seller warrants that Seller is the owner of the Property, or has the authority to execute this Agreement. Seller accepts the above offer and agrees to sell the Property on the above terms and.conditions, and agrees to the above confirmation of agency relationships. Seller has read and acknowledges receipt of a Copy of this Agreement, and authorizes Broker to Deliver a Signed Copy to Buyer. E (lf checked) SELLER'S ACCEPTANCE lS SUBJECT TO ATTACHED COUNTER OFFER (C.A.R. Form SCO or SMGO) DATED: ' i One or more Sellere is in a representâtive capacity and not for him/herself as an individual. See attached ':\ ffi"1' fWi'ffii tlîjffi¿,* S trviør f)¡rut or (Prlnt nems) Date SELLER (Print name) flAOOitionat Signature Addendum attached (C.A.R. Form ASA). (_ / ) (Do not inltlal if making â countêr offêr,) CONFIRMATION OF ACCEPTANCE: A Copy of Signed Acceptancæ was (lnitials) ¿ersonq!!¡r received by Buyer or Buyeis authorized agent on (date) at l ]nW l l PM. A binding Agreement is created when a Copy of Signed Acceptance is personally received by Buyer or Buyer's authorized agent whether or not confirmed in this document, Completion of this confirmation is not legally required in order to creete a binding Agreement; lt ls solely intended to evidence the date that Confirmation of Acceptance has occurred. REAL ESTATE BROKERS: A. Real Estate Broker¡ arê not parties to the Agreement between Buyer and Seller. B. Agency rclationships are confirmed es st¡ted in paragraph 2. C. lf specified in paragraph 3A(2), Agent who submitted the offer for Buyer acknowledges receipt of deposit. D. COOPERATING BROKER COMPENSATION: Listing Broker agrees to pay Cooperating Broker (Selllng Firm) and Cooperating Broker agrees to eccept, out of Listing Broke/s proceeds in escrow, lhe amount specified in the MLS, provided Cooperating Broker is a Participant of the MLS in which the Property is offered for sale or a reciprocal MLS. lf Listing Broker and Cooperating Broker are not both Participants of the MLS, or a reciprocal MLS, in which the Property is offered for sale, then compensation must be specified in a separete written agreement (C.A.R. Form CBC). Declaralion of License and Tax (C.A.R. Form DLT) may be used to will be required or that an exemption exists. oL929732 Real M i ra m a r I nt3ll n?Ji9I a ! D ow Ot-olvn CaIBRE Lic. # By MIC*H¿FL ,eAuTtSTA CaIBRE Lic. # 014511''!9 Dete 4lllznilï By Date Address Suitè 220 State _ Zip 93301 Telephone 661-586-6989 com Real Estale Brokqr (Listing Firml MY REALTY CaIBRE Lic. # m¡nrsÀ êôn¡ve;o CãIBRÈ tÈ. t Date q/t&/¿sls--- Bi r-di"ii'i,i''Lernnlp CaIBRE Lic. # Date Addró¡g rr*r.¡.rciTr'sF City State _Zþ Telephone Fax E-mail Es-cRowHoLDERACKNoWLEDGMENT: Escrow Holder acknowledges reoeipt of a Copy of this AgrsemEnt, (if checked, I a deposit in the amount of $ ), counter ofÞr numbers i !Seller's Stat€ment of lnformation and -.-.-.-.. -.., , and agr€es to act as Escrow l'lolder subject to paragraph 26 of this Agreement, any supplemental escrow instrudions and the tems of Esc¡ow Holder's general provisions. Esøow Holder is advised that the date of Confirmation of Acceptance of the Agreement as between Buyet and Seller is Escrow Holder Esc¡ow # By Date Address Phone/Far/E-m¡il Escrow Holde¡ has tho following licensc number # Ì j Estate. L I Department of Business overcight, i iDepartment of lnsurance, Bureau of Real PRESENTATION OF OFFER: ( ) List¡ng Broker presented this ofþr to Seller on (date) Broker or Designee lnitials REJECTION OF OFFER: (._ X_ ) No counter offer is being made. This ofÞr was rcjected by Seller on_ _ (date)" Sell€/s lnitlâls G¡190ô- 20f 5, Califom¡e Associetion of RFÂLTORSO, lnc. Un¡tsd States copyright lew (Ttþ 17 U.S. Code) brbids thê unaulhorized distribulion, d¡splay and reproductìon of this form, or eny porlion lhereof, by photocopy machine or any other means, including facaimilå or computeriz€d fomats. THIS FORM HAS BEEN APPROVED BY THE CALIFORNIA ASSOCIATION OF REALTORS@ (C.A,R,). NO REPRESENTATION IS MADE AS TO THE LEGAL VALIDITY OR ACCURACY OF ANY PROVISION IN ANY SPECIFIC TMNSACTION. A REAL ESTATE BROKER IS THE PERSON QUALIFIED TO ADVISE ON REAL ESTATE TRANSACTONS. IF YOU OESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIOilFTT,PS Publlshed and Distrlbuted by: Buyo/s Acknorrlsdg" v"*l{üp"g" I I ¡s part of REAL ESÎATE BUSINESS SERVICES. INC, thisAgreement( | )( ) a gfrbsidiery of the CALIFORNIAASSOC,AI'Oru OFREAITORS@ . '525 South VimllAvenue. LoB Anoeles. Calibmia 90020 Rov¡ewed by VLPA REVTSED flrs (PÀGE 11 OF 11) Broker or Des¡gnee 4AL ffOù$S vAcANT LAND PURCHASE AGREEMENT (VLPA PAGE l',l OF 11) Producüdwilhz¡pFormobyzipLog¡x lE0T0FifteenMiþRoad,Frass,M¡ch¡grn48{P6 wzþlo0¡x.6m Uol¡tlcd uocuùtgn tsnveþpe ru: zu4Fþl ðtj-ðuAA-4ts1-z-A1 F4-ul-bE AUðì litsit cAL I FoRNIA POSSIBLE REPRESENTATION OF MORETHAN ONE BUYER ASSocrArIoN ORSELLER_DISCLOSUREANDCONSENT A O ti' OF RE LT RS ¡ô.n.n. form PRBS, 1tr14l A real estate broker (Broker), whether a corporation, partnership or sole proprietorship, may represent more than one buyer or seller. This multiple representationcan occur through an individual licensed as a broker or salesperson or through different individual broker's or salespersons (associate licensees) acting under the Broker's license. The associate licensees may be working out of the same or different office locations. Multiple Buyere : Broker (individually or through its associate licensees) may be working with many prospective buyers at the same time. These prospective buyers may have an interest in, and make offers on, the same properties. Some of these properties may be listed with Broker and some may not. Broker will not limit or restrict any particular buyer from making an offer on any particular property whether or not Broker represents other buyers interested in the same property. Multlple Sellers: Broker (individually or through its associate licensees) may have listings on many properties at the same time. As a result, Broker will attempt to find buyers for each of those listed properties. Some listed properties may appeal to the same prospective buyers. Some properties may attract more prospective buyers than others. Some of these prospective buyers may be represented by Broker and some may not. Broker will market all listed properties to all prospective buyers whether or not Broker has another or other listed properties that may appeal to the same prospective buyers. Dual Agency: lf Seller is represented by Broker, Seller acknowledges that broker may represent prospective buyers of Selle/s propefi and consents to Broker acting as a dual agent for both seller and buyer in that transaction. lf Buyer is represented by Broker, buyer acknowledges that Broker may represent sellers of proper$ that Buyer is interested in acquiring and consents to Broker acting as a dual agent for both buyer and seller with regard to that property. ln the event of dual agency, seller and buyer agree that (a) Broker, without the prior written consent of the Buyer, will not disclose to seller that the Buyer is willing to pay a price greater than the offered price; (b) Broker, without the prior written consent of the seller, will not disclose to the buyer that seller is willing to sell property at a price less than the listing price; and (cl other than as set forth in (a) and (b) above, a dual agent is obligated to disclose known facts materially affec-ting the value or desirability of the property to both parties. Offerc not necessarily confldential: Buyer is advised that seller or listing agent may disclose the existence, terms, or conditionsof buyer's offer unless all parties and theír agent have signed a written confidentialityagreement. \Mtetherany such information is actually disclosed depends on many factors, such as current market conditions, the prevailing practice in the real estate community, the listing agent's marketing stretegy and the instructions of the seller. Buyer and seller understand that Broker may represent more than one buyer or more than one seller and even both buyer and seller on the same transaction and consents to such relationships. Seller and/or Buyer acknowledges reading and underutanding thls Possible Representation of More Than One Buyer or Seller - Disclosure and Consent and agrees to the agency possibilities dlsclosed. Seller Date Seller Date 4/2/20L8 Buyer JEREMYWILLER CO. Date Buyer Date Lic # Date MY REALTY CaIBRE -+/a+/201t*. By û CaIBRE Lic # Date 07929732 4/3/2078 M i ra mar I ntern ational Dawntow n CaIBRE Lic # Date By GatBRE ¡¡ç ç 01451119 Date or any portion thereol by photocopy machin€ or any olher means, ¡ncluding fâcsim¡le or computerized formets. THIS.FORM HAS EEEN APPROVED BY THE CALIFORNIA ASSOCIATION OF REALTORSO (C,A,R,), NO REPRESENTATION IS MADE AS TO THE LEGAL VALIOITY OR ACCURACY OF ANY PROVISION IN ANY SPECIFIC TRANSACTION. A REAL ESTATE BROKER IS THE PERSON QUALIFIED TO ADVISE ON REAL ESTATE TRANSACTIONS. IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL. thê us€r a8 a REALTOR@. REALTORO is a r€gister€d collective membersh¡p mark which may bê used only by members of the NATIONAL ASSOCIATION OF REALTORS@ who lubscribe to ils Code of Eth¡cs, Publish€d and Distrlbuted by: REAL ESTATE BUSINESS SERVICES, INC. a subs¡d¡ary oîthe Cal¡lomia Assæiaf,on of REALIORS(Ð o 525 Souh MrgllAvenue, Los Angele8, Celifomia 90020 Reviewed by __.-_ Dãte ryatouíN PRBS r1114 (PAGE I OF r) ONE BUYER OR SELLER Mh¡¡rl lottnrthill Douaowtr 1700 K Strc!l Sr¡tc ,20 Erlcrrlirld. c 9Jr0t Phon€: Fe¡: ó61.t22-7012 Unllaltd Mhhr.l Brotirt¡ Prcduced w¡th zlpFonno by zipLofÈ 16070 FnoEn Miþ Road, Frâsâr, MichigEñ ur5ðAUð' ""-''ryi "r'.4 lî No I iii,t*rj;" ¡t **r5if î[8,- Date APril4, 2018 -- * jor ("Offe/'), This is a counter offer to the: ll Seller Counter Offer No, , l- Selter Mulliple Counter Offer No. , Other dated . on property known as ,5-04!odgA St #6936, Shafte4.C,A 9--3?03- ("Property"), 1. TERMS: The terms and conditions of the above referenced document are accepted subject to the following: A. Paragraphs in the Offer that require initials by all parties, but are not initialed by all parties, are excluded from the final agreement unless specifically referenced for inclusion in paragraph 1C of this or another Counter Offer or an addendum. B. Unless othenrise agreed in writing, down payment and loan amount(s) will be adjusted in the same proportion as in the original Offer, C. OTHER TERMS: Purchase price to be 8812,500,A0. Buyet ta pay Per Lot: $62,500.00 Nl gtþer lerms and c_o4ditiong lg fetn-gllt the s,qmg. D. The following attached addenda are incorporeted into thls Counteroffer:,Addendum No t_ 2. EXPIRATION: This Buyer Counter Offer shall be deemed revoked and the deposits, if any, shall be returned A. Unless by 5:00pm on the thjld Day After the daie il is signed in paragraph 3 (if more than one signature then, the last signature date)(or bV AM J PM on _ (date)) (i) it is signed in paragraph 4 by $eller and (ii) a copy of the signed euyei Counter Ofpi is personally recelved by Buyer or,-,,-. , who is auihorized to receþ it, (CAR prior to Acceptance. OR B. lf Buyer'/ withdra{s¡il in writing Form WOO) anytime t 3. oFFER: BUvER'vå,Cp rryß counrER oFFER oN THE rERMs ABovE AND AcKNowLEDGEs REcEtpr,g/,ftr nfoev. Bïî:i t ,:WL _r_e_rs¡nywiuerconstu"r"r,". B:l: tf 4. ACCEPTANCE: accept the above Buyer Counter offer (lf checked iI sua;ecr To THE ATTACHED CoUNTER oFFER} and of a Copy 4/L8/20L8 Seller úl^¡,n¡strofiur, rËil Seller hms SBilåør'Dirut diili åMi CONFIRMAT]ON OF ACCEPTANCE: ( _ | _) (lnitiâls) Confirmation of Acceptance: A Gopy of Signed Acceptance was personally received by Buyer or Buye/s when a Copy of Signed Acceptance is personally received by Buyer or Buyey's authorized agent whether or not confirmed in this document. photocopy mach¡ns o¡ any olhêr means, ¡ncluding låêgimilè or comput8rizsd formsls THIS FORM HAS EEEN APPROVED BY THE CALIFORNIA ASSOCIATION OF REALTORS@ (C A R.) NO RÊPRESENTATION IS MAOE AS TO TIiE LEGAL VALIDITY OR ACCURACY OF ANY PROVISION IN ANY SPECIFIC TRANSAÇTIQN, A RÊAL ESTAIE BROKER IS THE PERSON QUALIFIED TO ADVISE ON REAL ESTATE TRANSACTIONS IF YOU DESIRË LÊGAL OR TAX ADVICE, CONSUTT ÂN APPROPRIATE PROFESSIONAL RÉALTOR@ is a rsgislered collsclive membership mârk which msy be usôd only by mmbÊrs ot {he NATIONAL ASSOCIATION OF REALTORS@ who subscriÞ€ tó lls Code ol ÊlhicÊ rr-t Published and Distributed by: tr 'I REAL EsTATE BUSrNËss sERVrcEs, rNc. l! " I a subsidiarv of lhe Catitomia Assocíaf¡on of RËÁLIORS@ E ' 1., s25 South Vhgit Avenue, Los Angeles, câlifom¡a 90020 i Reviewed by * . Date BCO 11t14 (PAGE { OF r) BUYER GOUNTER OFFER (BCO PAGE I OF 1) ùIlnmrr lntrrr¡rlonÈl Doìvntorcn I 700 K Str.ct Suilê 220 BÈkcF¡dd, CA t330 I Phons r (ó( I )386.6989 Fåt: ddl -J¡2-?012 Uithlôd ùtl.ù¡.lBnntlrtr ProducadMlhz¡pFomobyzlpLogir lt0ToFittesnillleRoad¡Frasor,Mlchlgån¡f00¡0 ffi.z¡pLoôtr-gortl tu: zu4Fþ1 ðb-öuAA-4trr2-41 t-4-Ul-5¡rAUË l "l U5J """r",në" CALIFORNIA AS SOÇ IATION BUYER COUNTER OFFER No. 2 OF REALTORST: (C.A.R. Form 8eO, 11/14) " Date Ap!!! 17, 2078_ This is jor a counter offer to the: i__ Seller Counter Offer No. , [- Setter Mulliple Counter Ofier No. Other dated on property Rs_El-e_o, , known as .- -J94 St, I?acf #699É-Shefter,eA L3_263 ("Property'), between JCtggty Willgr Construction INC ("Buyer") and ._ ("Selter,'), 1. TERMS: The terms and conditions of the above referenced document are accepted subject to the followirrg: A' Paragraphs in the Offer that require initials by all parties, but are not initíâled by all parties, are excluded from the final agreement unless specifically referenced for inclusion ln paragraph 1C of this or another Counter Offer or an addendum. B. Unless otherwise agreed in writing, down payment and loan amount(s) will be adJusted in the same proportion as in the original Offer. C. OTHER TERMS: purchase p_rice to be_.tga5,tgp:Oo B_.!yer tp_pay pedot t63.500.A0 All .othw tw¡ns and conditions to remain the same. D. Tfe following attached addenda are incorporated into this p_uyer Counter offer: ,l¡O¿endurn No, 2' EXPIRATION: This Buyer Counter Offer shall be deemed revoked and the deposits, if any, shall be returned: A. Unless by 5;00pm ollhe lfitd Day After the date it is signed in paragraph 3 (if more than one signature then, the lasi signature date){orbv-- ;AM PM on -.(date))(í)itissigñedinpàragraph4bySette-rand(ii)"óopyoitneiigneo Buyer - personally Counter Offer is recéived-¡eq oyUy euyei'oior' who is authorized to receive it. 'uyer ' oR B' lf Buyer withdrawsit ìn wr¡ting (cAR Form woo) anytime prior to Acceptance. 3. OFFER; BUYER MAfEs-?THls couNTER oFFER oN THE TERMS ABovE AND AcKNowLEDGEs REcEtpr oFrA Fopy, Buyer ' ,i ÚU-¿ _ Jere.my Wìtler Constru"rro-n * orr"-' i/)[S-_ Buyer U Date AGCEPTANGE: 4' l/wE accept the above Buyer Counter offer (tf checkedf_ISUBJECT To THE ATTACHED coUNTER OFFER) 3:i"ffiffif,,ffffia .|anus L tuv,srl^irø¿* squaa¿h,,nzfu seller(-**'0F77665{c0.. rime . AM/ IPM õ;ì; il; I in¡¡¡ i plrl CONFIRMATION OF AGCEPTANCE: ( (lnitials) ------._ ) Confirmation of Acceptence: A Copy of Signed Acceptance was personally received by Buyer or Buyer,s authorizedagentasspecifiedinparagraph2Aon(date) __; at i_,AMi- jpM.Â'binding&;e€mãntiscreatod a Gopy of _ - lvfen signed Acceptance is personally iece¡vedEi Èuffi oîÈuyers ãuihorlzeo agent whsther or not conflrmed this document. in rHlS FO¡'M rlAS SEEN APPROVËD BY rHÊ CALIFORNIA ASSOCIATION-Of (C.A.R.). NO l?1!]O¡S@ RÊPRESENïArION tS MADÉ As rO THE LEGAL VAL¡Dtry OR ACCURACY OF ANy Ëãi!lÎi?T,iffiåtåü'-tJ#1trå'r}¡AREALESTATEBRoKÊRrsrHEprRsotoÙeuptËoroAovrseoNREALEsrnrarnms¡ðrn¡¡s r¡võuopîràeu-éÀ-r-ä'r¡xnovrcE, This form is mede availáble to fesl èstâle Prcfessionâls lhrugh an agfeement w¡lh or pufchase froff the ç6ltfotni6 Associåt¡on of REALToRS@. lt is not ¡ntondod to identify th€ user as â REATTOR@. REALToRo is å rè0¡3tÊred æll€ct¡ve r¡emb€rship mark wh¡cn-may ujusio onty uy memuers of ¡re ñÀtroñÀ|, ¡ssocl¡rtoN oF REALT9RS@ who .ubscr¡bo rô rts codê of ElhiG. f:¡ 'l Publlshed and D¡stributed by: R€ÂL ESTATE BUSTNESS ! - SERV|CES. tNc I | a suùsdråry ot lha Col¡¡orñia Ás.rocjstùfl olRt ¿IORS@ I'J" 525 South VirgitAvênlre, LosAngetøs. Catilornia 90020 : Reviewed by _.__- DatB ECO 1l/14 (PAGE 1 OF 1) *-__ BUYER COUNTER OFFER (Bco PAGE I OF 1) Mínrr¡r lotertrotion0t O0untorvn l't00 X StBrt Sr¡tr l¡0 Bnk.bûcll. C^ tl30l Phonð;t66tf58ó.6989 ltichcêl 8¡tral¡tr producld Fär:ûbt-Jr?.?ot! u0ritlqd çtth ¿¡pFoíno lry ¡tplogh It0?0 Flftùon Mllc Rnôd, Fr¡sor, Mlchtgsn 4802õ w.r¡ploo¡r.com CALIFORNIA SELLER COUNTER OFFER No. I A S SOC IAT ION llllay not be used ar a multlple counter offer. (C,A.R. Form 9CO, llrl4) OF RE A LT O ItS'E $ Date Aoril18.2018 This is a counter offer to lhe: PurchaseAgreement, Buyer Counter Offer No. ('offe/), ! n 'of Other dated Aorll2.2Al8 , on property knOWn aS Loß1-13 Tæ'ct 6938; w¡thtn thê Notthwg,st il1 Sectlon 18, T285, R258, between ("Buye/) and l. TERMS: The lerms and conditions of the above referenced document are accepted subject to the following: A. Paragraphs in tñe Offer that require initials by all partlcs, but are not initialed by all parties, are excluded from the final agrcement unlecs specifically rsfemnced for inclusion in paragraph 1C of this or another Counter Offer or an addendum. B. Unle¡¡ othenri¡e agreed in writing, down payment and loan amount(s| will be adJueted in the same proportlon as in thc orlglnal Offer. C. OTHER TERMS: I)FINAL SALES PRICE îO BE 8825,500.00 ( 863,800 PER LOT) FOR ALL 13 LOTS ,N TRACT 6936 2' ESCROW TO BE 30 DAYS WTH TICOR ÍITLE, BRENDA MBLE Ttl tMf-t I tnÊ F¿t rr Nr¡T BE U¡N'TÊD TrtTtl,Ë tôI t õwtÚâ' 1800 MINIflIUM SAUARE FOOT HOMES TILE ROOFS WITH II/',NIMU1' 5:12 PITAH ExrEflOR PLÂIE LINES TO BE M,NIMUTIIT -o, WTTH A. DOORS EXTERIOR STUCCO WITH STONE AND|OR BRICK PLÀN WDTH REAUIRETI'ENIS 1ô  MINIUUñ' ÔF ß5, D. The following attached eddenda are incorporatcd into this Seller Gounüer offer: IAddendum ruo. 2. EXPIRATION: This Seller Counter Offer shall be deemed revoked and the deposits, if any, shall be returned A. in paragraph 4 (if more than one signature then, the last signature signed in paragraph 5 by Buyer and (ii) a copy of lhe signed Seller , who is authorized to receive it. OR B, lf Seller withdraws it anytime prior lo Acceptance (CAR Form WOO may be used). OR C. lf Seller accepts another ofier prior to Buye/s Acceptance of this counter offer. 3. MARKETING TO OTHER BUYERS: Seller has the right to continue to offer the Property for sale. Seller has the dght to accept any olher offer received, prior to Acceptance of this Gounter Offer by Buyer as specified in 2A and 5. ln such event, Seller is advised to wilhdraw this Seller Counter Offer before accepting another offer. 4. cßH^$frEæf'iFFÆLt^IW ACKNOWLEDGES RECEIPT OF A COPY. OF SHAFÏER - Jamês ¿ Zorvrs Dete Seller Date 5. ACCEPTANCE: l/WE accept the seller counter offer (lf chacked I suetscr To THE ATTAGHED couNTER oFFER) and acknorledge Buyer Date Time l-ìnwl-iPlr¡ Buyer Date ertr CONFIRMATION OF -lnrulfl (- / ) (lnitials) Gonflrm¡tlon of Acceptance: A Copy of Signed Acceptance wasgersonally received by Seller, or Seller's paragraph authorized agent as specified in 2A on (dale) at _ -Timel__.lAM/ l_l PM. A binding Agrcement ic crsated when a Copy of Slgned Acêeptånco ls peruonally received by Seller or Seller's authorized agent whether or not conflrmed ln thlc document. O 2011, CalilomieAssoc¡stlon of REALTORSO, lnc, THIS FORM HAS BEEN APPROVED BY THE CALIFORNIA ASSOCIATION OF REALTORSO (C,A-R,). NO REPRESENTATION IS MADE AS TO THE LEGAL VALIDITY OR ACCURACY OF ANY PROVISION IN ANY SPECIFIC TRANSACTION. A REAL ESTATÊ BROKER IS THE PERSON QUALIFIED TO AOVISE ON REAL ESTATE TRANSACTIONS,IF YOU DËSIRELEC'AL ORTÆ(AOVICE. CONSULTAN APPROPRIATE PROFESSIONAL, Publilhcd ôrid Dlslrlbulsd by: REAL ESTATE BUSINESS SERVICES, INC. a subsldlâty ol lhê Calllomia Assoclatlon d REALTORS@ ,. 525 Sotith VirgllAv€nuo, L6Ang€þs, C¡lifomia 90020 Revi€wed by_ Dste_ sco fi/r4(PAGE r oF rl 5t(t A.uid Morla¡¡n t¡ttnlldd C t¡301 Phorþ: 6ól-3¡12.¡l7tt FåT: 13 Lob Clrt OF Pþducrd wilh zipFmo by ziplogix 1e070 Fifi..n Mlle Ræd, Frssr, M¡ctìignn 4æ2e uocuùtgn tsnvarope tui zu4ts 51 óÞ-ð{.tAt+4El-z-Al ts 4-rrFþnAUõÌ r l'þat ,N cALrFor\NrA DISCLOSUREREGARDTNG àÈ AS soc rArroN REAL ESTATEAGENCYRELATIONSHIP -¿' o¡ ïrEALro nso (C.A.R.^,Í3ílji3r'll'lrî3,ï',,å.n Fom AD, Rwlsed l2l'l4f ! (lf €hecked) This form is being provided in connection with a transaction for a leasehold interest exceeding one year as per Civil Code section 2079.13(k:) end (m). When you enter into a discussion with a real estate agent regarding a real estate transaction, you should from the outset understand what type of agency relationship or representration you wish to have with the agent ¡n the transaction. SELLER'S AGENT A Selle/s agent under e listirìg egreement with the Seller acts as the agent for the Seller only. A Selle/s agent or a subagent of that agent has the following affirmative obligations: To the Seller: A Fiduciary duty of utmost care, integrity, honesty and loyalty in deelings with the Seller. To the Buyer and the Selbr: (a)Dilígent exercise of reasonable skill and carc in performance of the agent's duties. (b)A duty of honest and fair dealing and good faith. (c)A duty to disclo¡e ell faots known to the agent materielly affecting the v¡lue or desirability of the property that are not known to, or within the diligent attention and observation ol the parties. An agent is not obligated to reveal to either perty any confidential information obtained from the other party that does not involve the affirmative duties set forth above. BUYER's AGENT A selling agent can, with a Buye/s consent, agree to act as agent for the Buyer only. ln these situations, the agent is not the Selle/s agent, even if by agreement the egent may receive compensation for services rendered, either in full or in part from the Seller. An agent acting only for a Buyer has the following aff¡rmative obligations; To the Buyer: A fiduciary duly of utmost carc, integrity, honesly and loyalty in dealings with the Buyer. To the Buyer and the Seller: (a)Diligent exercise of reasonable skill and care in performance of the agent's duties. (b)A duf of honest and fair dealing and good faith. (c)A duty to disclose all fac{s known to the agent materially affecting the value or desirability of the property thet are not known to, or within the diligent attention and observation of, the parties. An agent is not obligated to reveal to either party any confidential information obtained tom lhe other party that does not involve the affìrmative duties set forlh above. AGENT REPRESENTING BOTH SELLERAIID BUYER A real eslate agent, either acting dircc'tly or hrough one or more associate licensees, can legally be the agent of both the Seller and the Buyer in a transac{ion, but only with the knowledge and consent of both the Seller and the Buyer. ln a dual agency situation, lhe agont has the following affirmative obligations to both the Seller and the Buyer: (a)A fiduciary duty of utmost carc, integrity, honesty and loyalty in the dealings with either the Seller or the Buyer. (b)Other duties to the Seller end the Buyer as stated above ¡n their respective sections. ln representing both Seller and Buyer, the agent may not, without the expæss permission of the respective party, disdose to the other party that the Seller will accept a price less then the listing price or that the Buyer will pay a price greater than the price offered. The above duties of the agent in a reel estale transaction do not relieve a Seller or Buyer from the responsibility to proted his or her own interesta, You should carefully read all egrcements to assure that they adequately express your understanding of the transaction. A real estate agent is a peraon qualified to advise about real estate. lf legal or tax advice is desired, consult a competent professional. Throughout your real property transaction you may receive more than one disclosure form, depending upon the number of agents assisting in the transaction. The law requires each açnt with whom you have more than a casual relationship to present you with this disclosure form. You should read its contents each time it is presented to you, considering the relationship between you and the real estete agent in your specific tranEaction, Thl¡ dlrclo¡uro form lnclude¡ the provision¡ of Section¡ 2079,131o 20lg.24,lncluslve, of the Clvil Code set forth on page 2. Read lt carefully. l/WE IPT OF A COPY OF THIS DISCLOSURE AND THE PORTIONS OF THE CIVIL CODE PRINTEO ON THE BACK (OR A Eeuyer ! Selbr! LandlordX Dale ùU02/2018 l leuyer[] SetÞrfl Landtord[Tenant Date Mlramar lntematlonal Downtown BRE Lic. # Agent _Doûusro¡ad b ". t"""t'o*'',(åËT)n.o By I nl*rl ø*httn ... Date 41312?;t8 \-0iluil0"6Çil?Fperson or Broker"Associale) M|CH AEL BAUÍISTA ¡Agency Disclosure Compl¡ence (Civil Code $2079.14): When the listing brokerage oompeny also rcpresents Buyer/Tenent: The Listing Agent ehell have one AD form signed by Seller/Landlord end e difierent AD form signed by Buyer/Tenant. Whcn Seller/Landlord and Buyer/Tenant are æpresented by difierent brokerage companies: (i) the Listing Agent shall heve one AD bm signed by S€ller/Landlord and (ii) the Buye/s/Tenant's Agent shell havo one AD form signed by BuyerlTenant and e¡ther that same or s different AD form for lo presentât¡on oJ the offer. lf the eame form is Used, Selle¡ mey sign here: [)¡ruIor s{+l L ú'ng;,,ßluuadtCi*,[¡¡]**å Dale Th€ copyright hws of th€ Unit€d Statos (Tlllo l7 U,S. Code) lorbkt lh€ unaulhorized rsproduction of thir form, or any porllon lheroot by photocopy machino or any olh€r m€6ns, induding facsimilo or computerized fomats. Copyright @ '1991-2010, CALIFORNIA ASSOCIATION OF REALTORS@, Revia¡/€d lNC. , by _ Dat6 l ALL RIGHTS RESERVED. AD REVTSED r2t14(PAGEl OF 2l D.l$cLos-uRE RE-GARDüIQ REA,L ESIAÍE AGENCY RELAITONSHIP (AD pA-c.E r OF 2) : Mlr.Dü lrt.n¡lhrl Dowrûoün 1700 K gts.cl S¡lc 220 E¡kcnndd, CA t3t01 Phone; (6ólÞlÉ69t9 Fü:6al-l2¿.70l2 Undtlcd l M&h¡:l B¡uil¡t¡ Producåd w¡lh zipFormo by z¡pLog¡x f 0070 Finæn Mis Rosd, Frsssr, Mlchigan 48026 w.2¡plôg¡r oñ May 1,2018 To Honorable Mayor and Members of the Shafter City Council CALIFORNIA DEPARTMENT OF CORRECTIONS AND REHABILITATION MODIFIED COMMUNITY CORRECTIONAL FACILITY AGREEMENT C5607882 On November 8, 2013, Council adopted Resolution 2301, authorizing the City Manager to sign and execute Agreement No. 5600004099 with the California Department of Corrections and Rehabilitation ("CDCR") for the operation of the Shafter Modified Community Correctional Facility ("MCCF") effective November T,2013 through June 30, 2018. On April 4, 2018, the CDCR provided draft Agreement No. C5607882 which proposes to continue MCCF operation effective July 1, 2018, through June 30, 2023. A number of incremental changes to the previous Agreement have been included in Agreement No C5607882, however, the basic financial terms remain the same. Staff has reviewed the new Agreement and recognizes the following notable changes: o The significant facility improvements involved in the 2013 reactivation of the CCF as an MCCF have all been completed and corresponding requirements in the Agreement have been removed. o A number of sections have been added, modif,red or removed to ensure compatibility with changes in CDCR organizational structure and regulatory updates and terminology. o A side-agreement regarding expanded medical staff coverage reimbursement has been integrated in the new Agreement. o Updated sections address use of CDCR technology systems, policies, and City-provided computer specifications. CEQA The proposed agreement only continues the existing operation of the MCCF. No direct or indirect physical change in the environment will result from the proposal. The proposed administrative activity is not subject to the California Environmental Quality Act (CEQA) because it is not defined as a "Project" pursuant to Section 15378(bX5) of the CEQA Guidelines. FISCAL IMPACT The execution of Agreement No. C5607882 will have no impact on the adopted FY 201712018 budget. If approved, all revenues and specific costs related to this Agreement will be included in future City budgets beginning with the FY 201812019 budget to be adopted in June 2018. No budget action is required. RECOMMENDATION Council find the proposed activity is not subject to the California Environmental Quality Act; adopt, subject to City Attorney approval, Resolution 2588, a Resolution of the City Council of the City of Shafter Authorizing the City Manager to Sign and Execute Agreement No. C5607882 with the California Department of Corrections and Rehabilitation for the Operation of the Modified Community Correctional Facility. MANAGEMENT REPORT Scott Hurlbert City Manager ATTACHMENT I Resolution 2588, a Resolution of the City Council of the City of Shafter Authorizing the City Manager to Sign and Execute Agreement No. C5607882 with the California Department of Corrections and Rehabilitation for the Operation of the Modified Community Correctional Facility. RESOLUTION NO.2588 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SHAFTER AUTHORIZING THE CITY MANAGER TO SIGN AND EXECUTE AGREEMENT NO. C5607882 WITH THE CALIFORNIA DEPARTMENT OF' CORRECTIONS AND REHABILITATION FOR THE OPERATION OF THE MODIFIED COMMUNITY CORRECTIONAL FACILITY \ilHEREAS, the California Department of Corrections and the City of Shafter desire to enter into Agreement No. C5607882. NO\il, THEREFORE, the City Council of the City of Shafter declares, finds and resolves that the City Manager is authorized and directed to sign and execute California Department of Corrections Agreement C5607882. PASSED AND ADOPTED this l't day of May ,2018 Cathy L. Prout, Mayor ATTEST: Yazmina Pallares, Deputy City Clerk