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AG 17-08011 RETURN TO: Robyn Buck EXT: 2527 CITY OF FEDERAL WAY LAW DEPARTMENT ROUTING FORM 1. ORIGINATING DEPT. /DIV: FINANCE 2. ORIGINATING STAFF PERSON: _ADE ARIWOOLA EXT: 2520 3. DATE REQ. BY: ASAP 4. TYPE OF DOCUMENT (CHECK ONE): ❑ CONTRACTOR SELECTION DOCUMENT (E.G., RFB, RFP, RFQ) ❑ PUBLIC WORKS CONTRACT X PROFESSIONAL SERVICE AGREEMENT ❑ GOODS AND SERVICE AGREEMENT ❑ REAL ESTATE DOCUMENT ❑ ORDINANCE ❑ CONTRACT AMENDMENT (AG #): ❑ OTHER ❑ SMALL OR LIMITED PUBLIC WORKS CONTRACT ❑ MAINTENANCE AGREEMENT ❑ HUMAN SERVICES / CDBG ❑ SECURITY DOCUMENT (E.G. BOND RELATED DOCUMENTS) ❑ RESOLUTION ❑ INTERLOCAL 5. PROJECT NAME: KIDDER MATHEWS REAL ESTATE CONSULTING SERVICES FOR PAEC 6. NAME OF CONTRACTOR: _KIDDER MATHEWS ADDRESS: 601 UNION ST, SUITE 4720, SEATTLE, WA 98101 TELEPHONE 206-296-9600 E- MAIL:_ FAX: 206-296-9629 SIGNATURE NAME: BLAIR HOWE TITLE: SENIOR CONSULTANT AND PROJECT MANAGER 7. EXHIBITS AND ATTACHMENTS: X SCOPE, WORK OR SERVICES ❑ COMPENSATION ❑ INSURANCE REQUIREMENTS /CERTIFICATE ❑ ALL OTHER REFERENCED EXHIBITS ❑ PROOF OF AUTHORITY TO SIGN ❑ REQUIRED LICENSES PRIOR CONTRACT /AMENDMENTS 8. TERM: COMMENCEMENT DATE: UPON SIGNATURE COMPLETION DATE: 2 WEEKS FROM DATE OF AUTHORIZATION 9. TOTAL COMPENSATION $_NOT TO EXCEED $3,500 (INCLUDE EXPENSES AND SALES TAX, IF ANY) (1F CALCULATED ON HOURLY LABOR CHARGE - ATTACH SCHEDULES OF EMPLOYEES TITLES AND HOLIDAY RATES) REIMBURSABLE EXPENSE: ❑ YES ❑ NO IF YES, MAXIMUM DOLLAR AMOUNT: $ IS SALES TAX OWED ❑ YES ❑ NO IF YES, $ PAID BY: ❑ CONTRACTOR ❑ CITY ❑ PURCHASING: PLEASE CHARGE TO: TBD 10. DOCUMENT /CONTRACT REVIEW INITIAL / DATE REVIEWED INITIAL / DATE APPROVED ❑ PROJECT MANAGER ❑ DIRECTOR ❑ RISK MANAGEMENT OF APPLICABLE) ❑ LAW 11. COUNCIL APPROVAL (IF APPLICABLE) COMMITTEE APPROVAL DATE: COUNCIL APPROVAL DATE: 12. CONTRACT SIGNATURE ROUTING ❑ SENT TO VENDOR/CONTRACTOR DATE SENT: DATE REC'D: ❑ ATTACH: SIGNATURE AUTHORITY, INSURANCE CERTIFICATE, LICENSES, EXHIBITS ❑ LAW DEPARTMENT ❑ CHIEF OF STAFF ❑ SIGNATORY (MAYOR OR DIRECTOR) ❑ CITY CLERK (/ 5119 0 Sn ❑ ASSIGNED AG# A 14 —090 ❑ SIGNED COPY RETURNED DATE SENT: 5• jQ 11- INITIAL/ DATE SIGNED COMMENTS: 11/9 Kidder MI Mathews March 23, 2017 Mr. Tim Johnson Economic Development Director City of Federal Way 33325 8th Ave. South Federal Way, WA 98003 Re: Federal Way Performing Arts & Events Center Dear Mr. Johnson: Kidder Mathews is pleased to submit its proposal to provide real estate consulting services for your Performing Arts & Events Center project. The scope or work, deliverables, schedule, and budget are detailed as follows. Scope of Work Conduct a limited rental rate study and provide an opinion market rent for the City of Federal Way's Performing Arts & Events Center. The rental rate study will evaluate the following facilities: • Edmonds Center for the Arts, Edmonds, WA • Hult Center for the Performing Arts, Eugene, OR • Scottsdale Center for the Performing Arts, Scottsdale, AZ • Lancaster Performing Arts Center, Lancaster, CA Deliverables A broker's opinion letter estimating market rent for the Federal Way Performing Arts & Events Center based on the comparable set of facilities. Schedule Work product delivery will be two weeks from the date on which authorization to proceed is provided. Not to Exceed Budget The total fee for the work will not exceed $3,500.00. Payment is due upon completion. Additional Work Travel time and meetings will be billed at $225 per hour. Prior authorization is required prior to commencement of any additional work. Termination Either party may terminate this agreement at any time by providing written notice. Please contact us with questions, comments or suggestions at (206) 963 -0894. If the proposal is satisfactory, provide authorization to proceed by signing in the space provided below. Thank you, Kidder Mathews r4I ._ Blair Howe Senior Consultant & Project Manager 2 By: C Feder VV„ 7 t-y""-■ °R 6 / Its: l ilc y u rz 601 Union Street, Suite 4720 Seattle, WA 98101 T 206.296.9600 F 206.296.9629 kiddermathews.com IUM Kidder MN Mathews April 18, 2017 Mr. Tim Johnson Economic Development Director City of Federal Way 33325 8th Ave. South Federal Way. WA 98003 Re: Federal Way Performing Arts & Events Center, As- Vacant Rental Rate Opinion Dear Mr. Johnson: Kidder Mathews is pleased to submit its proposal to provide real estate consulting services for the City of Federal Way's Performing Arts & Events Center project. The scope or work, deliverables, schedule, and budget are detailed as follows. Scope of Work Provide a Broker's Opinion of Fair Market Value for the City of Federal Way's Performing Arts & Events Center upon completion of construction, as- vacant. The work will include the following elements: • Purpose of the Assignment • Property Description • Zoning Review • Discussion About Potential Uses • Comparable Office Leases - Completed Transactions and Asking Rates. Large Tenants and Medium Sized Tenants • Comparable Retail Leases — Completed Transactions and Asking Rates. Large Tenants and Medium Sized Tenants • Sales Lease -Backs — Institutional Uses (as available) • Rent growth estimates over a ten -year horizon. • Conclusion of Market Rent Deliverables A broker's opinion value estimating market value, as- vacant of the completed Federal Way Performing Arts & Events Center. Schedule Work product delivery will be on April 21, 2017. Not to Exceed Budget The total fee for the work will not exceed $3,000.00. Payment is due upon completion. Additional Work Travel time and meetings will be billed at $225 per hour. Prior authorization is required prior to commencement of any additional work. Termination Either party may terminate this agreement at any time by providing written notice. Please contact us with questions, comments or suggestions at (206) 963 -0894. If the proposal is satisfactory, provide authorization to proceed by signing in the space provided below. 601 Union Street, Suite 4720 Seattle, WA 9810 " 206.296.9600 F 206.296.9629 kiddermathews.com Thank you, Kidder Mathews Blair Howe Senior Consultant & Project Manager Ci of Federal Way Kidder MN Mathews By: >> ,---- - Ire 1/ Its: Al G�fz. Date: /9-v,/ kiddermathews.com