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Home My WebLink About13 Real Estate Brokerae Services Agenda Item # 13 DistrictPublic Utility _ Memorandum To: Board of Directors From: Peter Holzmeister Date: August 2, 2002 Subject: Real Estate brokerage services The following criteria was proposed at the July 17, 2002 Board meeting: A Statement of Qualifications and Proposal should include the following information: Qualifications 1. A resume of your relevant training and experience: a) Number of years in real estate business and years in the Truckee area. b) California Agent or Brokers ID number. c) Are you a member of the Tahoe Sierra Multiple Listing Service? d) Professional Designations or Association Affiliations which demonstrate your competence. 2. Your experience and record of success in selling parcels with development or commercial potential . 3. Any other information you feel that qualifies you to represent us in the sale of our land. Proposal 1. A summary version of an action plan to facilitate the sale of our land, including marketing aspects. 2. A statement of how you would help us establish an opinion of value and a listing price. 3. The sales commission that you would require to perform your services. RECOMMENDATION: That the Board select a Real Estate Brokerage Service to sell two parcels of land: APN 45-750-13, a single family parcel located on Hansel in Tahoe Donner, and APN 19-450- 61, approximately 45 acres located near the southeast corner of State Hightway 267 and Palisades Drive in Truckee s7,� Prudential Prudential California Realty 10800 Donner Pass Road,Suite 101 Truckee,CA 9616 Bus 530 587-3500 Fax 530 587-3544 www.pruweb.com July 31, 2002 Board of Directors Truckee Donner Public Utility District 11570 Donner Pass Road Truckee, CA 96161 Re: Request for Proposal for Real Estate Services Gentlemen: Thank you for the opportunity to respond to the subject request. A statement of qualifications and summary marketing strategy are attached. Sincerely, } / ichael Duns r Realtor Commercial Specialist se s p s dYrn J jOre.a.etln `The Pn tau ea: steie4 ii'es iac MICHAEL DUNSFORD Summary Qualifications: Relocating from the San Francisco Bay Area and senior management positions in advertising and marketing with real estate developers, I came to Lake Tahoe in 1973 to manage a seasonal resort for Stanford University catering to alumni, faculty and staff. I was a member of the Board and subsequent President of the Alpine Springs County Water District, and President of the Alpine Meadows Volunteer Fire Department during the mid and late `70s. Upon Stanford's decision to offer the property for sale I subsequently co-founded Rosie's Restaurant in Tahoe City followed by resort management positions, specifically overseeing design and construction of recreational amenities, and establishment of the Homeowners Association at Stillwater Cove in Crystal Bay and as marketing/business anaylist at the Olympic Village Inn in Squaw Valley. Commencing in the late `90s I spent two years consulting for Bruce Olson in developing a proforma and prospectus for the Big Chief Lodge project which consisted of a 35 room lodge and 6,000 sq. ft. restaurant on Highway 89 just north of Squaw Valley. Responsibilities included not only developing the financial feasibility and longterm viability of the proposed project, but coordinating attorneys, engineers, architects and several other consultants in the application and approval process through a dozen regulatory agencies. Market, weather and economic conditions have stalled the approved project for over 10 years. I am licensed in California and member of the Tahoe Sierra Board of Realtors; I.D. # 00972167. I have sold many residential properties over the years, a dozen motels on the north and west shore of Lake Tahoe and several business opportunities. I have also focused on developable land requiring a working knowledge of Town, County and TRPA codes and ordinances. Page 1 .,` ,� Pz'u 2 ' 1 MICHAEL DUNSFORD I have attended every meeting of the Mattis Valley Community Plan Update Citizen's Advisory Committee over the past two years to be informed and make a contribution to the process. I have spent over 10 years in an effort to find reasonable solutions for seasonal employee and resident affordable housing...the first tangible success being the leasing of Hilltop residential units to Northstar in 1990. Currently I am working with Placer County in an effort to identify qualified development sites for this purpose. In summary, I have over 30 years of experience in real estate management, development planning, financial analysis, marketing and sales. In these capacities I have had extensive contact with local regulatory agencies on behalf of clients, and have developed an excellent working relationship within this environment and my real estate industry peers. Proposal: OPINION OF VALUE: a): Research historic use of the property(s), easements, wetland issues and other potential impacts effecting future development. Environmental Survey,Phase I recommendation. b): Research applicable zoning and related constraints c): Determine neighboring land uses and those projected. d): Suggest highest&best use options for the subject e): Ascertain recent comparable sales and determine a price reflecting fair market value MARKETING: a): Package the offering with a Title Report, applicable zoning data and Environmental Survey, Phase I. b): Enter summary data in Tahoe Sierra Multiple Listing c): Create a flyer for distribution to local brokerages e): Enter on Prudential's web site with potential reach to 3100 sales associates in 125 offices f): Prepare a summary of (eastern) Placer County and Town of Truckee development projects submitted for review and/or approved within the past couple of years. g): Advertise locally and selectively. COMMISSION: Commission requirement(s): a) Tahoe Donner Lot= 10.0% of the sales price with 5.0% offered to participating brokerage/agent if applicable; b)Highway 267 Parcel= 5.0% of the sales price with 2.5% offered to a participating brokerage or 4.0% of the sales price if listing brokerage/agent procures the Buyer and all parties agree to dual agency representation. Page 2 f6 Prudential ni4w _js�._ly g July 31, 2002 Support Services Manager Truckee Donner Public Utility District Hand Delivered RE: Proposal for Employment to sell APN 45-750-13 and 19-450-61 Dear Sirs; Please review the following statement of qualifications and proposal to market the above properties on behalf of the Truckee Donner Public Utility District. Robert Yoder Boice Countryside, Realtors 530-582-3313 bob@taho.ce Qualifications: 1. Resume of relevant training and experience a. Experience 91971 to 1975, Business Degree at the University of Alberta, Canada •1975 to 1977 Tax related Investment Real Estate sales •1977 to 1982 Real Estate Developer completing commercial and multi family projects •1982 to 1984 Business Broker and Bank/Audit consultant for bank property valuations, for REO properties •1984 to 1986 Business Development manager for startup Oil and Gas Company responsible for investment analysis, prospectus production and financial partnerships • 1986 to 1991 land development Sacramento, Colfax and Truckee •1991 to present Real Estate Sales in Truckee b. California Real Estate License Number 368134 with Boice Countryside, Realtors c. Member of the Tahoe Sierra Multiple listing Service d. The Davis • Yoder Group is a member of top 100 realtors of the National Association of Realtors for the year 2000 as reported by Realtor Magazine based on number of properties sold and total dollar volume. Current Board member with the Contractor Association of Truckee Tahoe. 2. During the years 1977 to 1982 I was a principal developing and entitlement procurement for over$20 million of multi family, commercial and office projects in Calgary, Alberta, Canada,Kauai, Hawaii, Whitefish, Montana and Denver, Colorado. During the period 1982 to 1984 I was a consultant for Touch Rosse, a big 8 accounting firm responsible for analyzing, confirming and adjusting valuations on accredited appraisals on properties held by Public Lending Institutions for annual report analysis and subsequent presentation of valuation adjustments. I have represented numerous clients in the sale and purchases of multi family, residential lots and commercial land in Truckee since 1991. 3. I can assist the PUD on the interpretation and valuation of any appraisals on lands it owns as to actual valuations the marketplace will consider. I can work with the Town of Truckee to evaluate the property as to potential density approvals, which could be different than the zoning allowances. This will affect the property values. The Davis • Yoder Group has experience working with Boards and Entities, representing the Tahoe Donner Association on the disposition of 4 properties over the last several years. Proposal: 1. A complete informational package will be produced for APN 19-450-61 including photos, maps, zoning information, entitlement procedure and costs, completed project comparables, available utilities and pro forma statements. An information sheet will be delivered to a network of realtors in the Tahoe Sierra Board of Realtors, appropriate agents in Reno, Sacramento and the Bay Area and developer contacts. A link would be established on our web site, vvww.truckeeinfo.com with relevant site and development information. The Davis • Yoder Group has a marketing coordinator and escrow manager. Any requests for information on the properties will be delivered in a timely manner. The escrow manager will oversee and complete a timely and correct sales escrow with a published timetable for all inspections, reports, conditions removal, funds deposit and financing approvals required from the buyer. 2. As stated above I have experience in analyzing potential site values from a market place view based on potential development opportunities and can assess any current appraisals as to open market acceptance. Site value will be determined by development potential, approval timeframes and end product valuations. 3. The proposed commission rate for APN 19-450-61 will be 5% of the sales price with 2.5% offered to any participating broker. The proposed commission for APN 45-750-13 shall be 10% of the sales price with 5% offered to any participating broker. i I trust the above provides a satisfactory overview of my experience and representation qualifications. If there are any questions, please do not hesitate to contact me. Thank you for your attention and consideration. Sincerely, f j ob� oder