2200 - Thomson and Thomson Real Estate Valuation and Consulting Services1
FIRST AMENDMENT
TO PROFESSIONAL SERVICES AGREEMENT
(THOMPSON & THOMPSON REAL ESTATE VALUATION AND CONSULTING, INC.)
This FIRST AMENDMENT ("Amendment") is made and entered into this 10th day
of August, 2026 ("Effective Date"), by and between the City of Rosemead, a municipal
organization, organized under the laws of the State of California with its principal place of
business at 8838 East Valley Blvd., Rosemead, California 91770 ("City") and Thompson
& Thompson Real Estate Valuation and Consulting, Inc., a corporation, located at 109 N.
Ivy Avenue, Suite A, Monrovia, CA 91016 (“CONSULTANT”).. City and Consultant are
sometimes individually referred to herein as "Party" and collectively as "Parties."
WHEREAS, the City and Consultant entered into an agreement on June 15, 2026, for
appraisal services to prepare an Appraisal Report for a property located at the southwest
corner of Rush Street and Walnut Grove Avenue, Rosemead (APN: 5279-033-801); and
WHEREAS, this Agreement is set to expire upon the completion of the services.
NOW, THEREFORE, the Parties agree as follows:
SECTION 1. Section 8.A Compensation shall be amended to read:
8. PAYMENT BY CITY.
A. Compensation. Subject to any limitations provided in the Contract
Documents, CITY agrees to pay CONSULTANT as full consideration for
the faithful performance of all of the Work the total amount of Eight
Thousand Two Hundred Seventy-Four Dollars and sixty-five cents
($8,274.65) (“Compensation”).
SECTION 2. All other terms, conditions, and provisions of the Original Agreement
not in conflict with this Addendum, shall remain in full force and effect.
SECTION 3. The City Clerk shall certify to the adoption of this Addendum and
hereafter the same shall be in full force and effect.
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IN WITNESS WHEREOF, City and Contractor have caused this Agreement to be
executed by their duly authorized representatives as of the day and year first above
written.
CITY OF ROSEMEAD CONSULTANT
Thompson & Thompson Real Estate
Valuation and Consulting, Inc.
Tax Payer ID:
Lily Valenzuela Date
Director of Community
Development Print Name:
ATTEST:
Title:
Signature:
Ericka Hernandez Date
City Clerk
Bradford Thompson
President
84-41913698-17-26
8-17-26
AGREEMENT FOR PROFESSIONAL SERVICES
APPRAISAL SERVICES
This AGREEMENT FOR PROFESSIONAL SERVICES ("AGREEMENT") is made and
entered into effective as of June 15, 2026, by and between the CITY OF ROSEMEAD, a
general law city, located at 8838 East Valley Boulevard, Rosemead CA 91770, ("CITY")
and Thompson & Thompson Real Estate Valuation and Consulting, Inc., a corporation,
located at 109 N. Ivy Avenue, Suite A, Monrovia, CA 91016 ("CONSULTANT').
WITNESSETH:
For and in consideration of the promises and of the mutual covenants and agreements
herein contained, said parties hereby agree as follows:
1. RECITALS. This AGREEMENT is made and entered into with respect to the
following facts:
A. CITY requires professional appraisal services ("SERVICES") to prepare an
Appraisal Report for a property located at the southwest corner of Rush
Street and Walnut Grove Avenue, Rosemead (APN: 5279-033-801); and
B. CONSULTANT is qualified to provide these certain services to the CITY
necessary for said SERVICES; and, therefore, the City has elected to
engage the services of CONSULTANT upon the terms and conditions
hereinafter set forth.
2. SCOPE OF SERVICES.
A. CONSULTANT shall furnish to the CITY all labor, materials, tools,
equipment, services, and incidental customary work necessary to fully and
adequately perform those services described in Exhibit A, which is hereby
incorporated by reference. To the extent that Exhibit A is a proposal from
CONSULTANT, such proposal is incorporated only for the description of the
scope of services and no other terms and conditions from any such proposal
shall apply to this AGREEMENT.
B. Performance of the SERVICES specified herein is made an obligation of
CONSULTANT under this AGREEMENT, subject to any changes made
subsequently upon the mutual written agreement of the parties.
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C. The scope of services to be performed by CONSULTANT under this
AGREEMENT shall include, but not be limited to, those services specified
in Paragraph 2A hereof.
D. If there is a conflict between any of the provisions of the AGREEMENT and
Exhibit A, this AGREEMENT shall have priority in the interpretation of the
Parties rights and obligations under this AGREEMENT.
3. PERFORMANCE STANDARDS. While performing this AGREEMENT
CONSULTANT will use the appropriate generally accepted professional standards of
practice existing at the time of performance utilized by persons engaged in providing
similar services. CONSULTANT shall cooperate with CITY if CITY opts to monitor
CONSULTANT's services. CITY will notify CONSULTANT of any deficiencies and
CONSULTANT will have fifteen (15) days after such notification to cure any shortcomings
to CITY's satisfaction. Costs associated with curing the deficiencies will be borne by
CONSULTANT.
4. FAMILIARITY WITH WORK.
A. By executing this AGREEMENT, CONSULTANT agrees that, to the best of
CONSULTANT's knowledge and belief, CONSULTANT has
(i) Carefully investigated and considered the scope of services to be
performed;
(ii) Carefully considered how the services should be performed; and
(iii) Understands the facilities, difficulties, and restrictions attending
performance of the services under this Agreement.
B. If services involve work upon any site, CONSULTANT agrees that
CONSULTANT has or will investigate the site and is or will be fully
acquainted with the conditions there existing, before commencing the
services hereunder. Should CONSULTANT discover any latent or unknown
conditions that may materially affect the performance of the services,
CONSULTANT will immediately inform CITY of such fact and will not
proceed except at CONSULTANT's own risk until written instructions are
received from CITY.
5. CITY SUPERVISION. The Director of the Department of Community Development
of CITY, or the Director's designee, shall have the right of general supervision of all work
performed by CONSULTANT and shall be the CITY's agent with respect to obtaining
CONSULTANT's compliance hereunder. No payment for any services rendered under
this AGREEMENT shall be made without the prior approval of the Director of Community
Development or the Director's designee.
6. FEE. Compensation to CONSULTANT for the total services to be rendered
pursuant to this AGREEMENT shall be in an amount not to exceed $7,000.
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7. EXTRA SERVICES. Notwithstanding any other provision herein, no extra services
shall be rendered by CONSULTANT under this AGREEMENT unless such extra services
first shall have been authorized in writing by the CITY. Any such services so authorized
shall be paid by the CITY at rates approved of by the CITY. Notwithstanding any written
or oral communication to the contrary, unless the City Manager gains the legal authority
to authorize contracts in excess of $50,000, no extra services may be authorized unless
the fee and the extra services total to less than $50,000.
8. PAYMENT BY CITY.
A. Compensation. Subject to any limitations provided in the Contract
Documents, CITY agrees to pay CONSULTANT as full consideration for the
faithful performance of all of the Work the total amount of Seven Thousand
Dollars ($7,000.00) ("Compensation").
S. Monthly Invoice. CONSULTANT must furnish CITY with an invoice for the
Work performed in accordance with the Contract Documents.
CONSULTANT may not submit invoices more often than once every 30
days.
C. City Review of Invoices. CITY will review each invoice and determine
whether the Work performed is in accordance with the Contract Documents.
The Director may require CONSULTANT to provide a release of all
undisputed Contract amounts contained in the invoice.
D. Disputes on Invoices. If CITY disputes any item on an invoice, CITY will give
CONSULTANT notice stating the reasons for the dispute. The Parties will
meet and confer in good faith to attempt to resolve the dispute.
E. 30 Days to Pay Invoice. Except as to any charges for the Work performed
that the CITY disputes, CITY will cause CONSULTANT to be paid within 30
days of the date of the invoice or the date that CONSULTANT furnishes
CITY with a release of all undisputed Contract amounts, whichever occurs
later.
F. Partial Invoices. In the event there is any claim specifically excluded by
CONSULTANT from the operation of any release, CITY may retain an
amount not to exceed the amount of the excluded claim.
G. No Additional Compensation. Said compensation shall cover all expenses,
losses, damages, and consequences arising out of the nature of the work
during its progress or prior to its acceptance including those for well and
faithfully completing the work and the whole thereof in the manner and time
specified in the contract documents, and also including those arising from
actions of the elements, unforeseen difficulties or obstructions encountered
in the prosecution of the work, suspension or discontinuance of the work,
and all other unknowns or risks of any description connected with the work.
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9. TERM. The term of this AGREEMENT shall expire upon completion of the
services, unless sooner terminated as provided in Section 12 herein. The CITY may
extend said time of completion for delays caused by circumstances beyond the control of
either party to this AGREEMENT. Should the consulting contract extend beyond the
estimated time for completion of said services, CITY hereby reserves the right to continue
CONSULTANT's services hereunder with any and all fees for such additional services to
be compensated by the CITY at rates approved by the CITY.
10. DISPUTES AND REMEDIES.
A. Claims, disputes, and other matters in question between the Parties arising
out of or relating to this AGREEMENT or the breach thereof, must be
resolved by the following procedure:
(i) CITY and CONSULTANT will exercise their best efforts to resolve
disputes through the development of a consensus. A meeting may
be requested by CITY or CONSULTANT at any time for the purpose
of resolving a dispute. A determination by CITY'S Director of the
Department of Community Development will be made within two (2)
weeks after a meeting to resolve the dispute;
(ii) If unresolved within thirty (30) days, then City Manager, or his or her
designee, will make a final determination;
(iii) Following the City Manager's final determination, the Parties may
submit any unresolved matters to non-binding mediation. The parties
may, but are not required to be, represented by counsel in mediation;
(iv) If the Parties do not agree to mediation, or if mediation does not
resolve the Parties' dispute, the matter may be pursued in Los
Angeles County Superior Court, or the United States District Court,
Central District of California, if federal jurisdiction exists.
S. The Parties' rights and remedies under this Agreement are in addition to
any other rights and remedies provided by law.
11. PREVAILING WAGE. CONSULTANT is aware of the requirements of California
Labor Code Section 1720, et seq., and 1770, et seq., as well as California Code of
Regulations, Title 8, Section 1600, et seq., ("Prevailing Wage Laws"), which require the
payment of prevailing wage rates and the performance of other requirements on "public
works" and "maintenance" projects. If the SERVICES are being performed as part of an
applicable "public works" or "maintenance" project, as defined by the Prevailing Wage
Laws, and if the total compensation is $1,000 or more, CONSULTANT agrees to fully
comply with such Prevailing Wage Laws. The CITY shall provide CONSULTANT with a
copy of the prevailing rates of per diem wages in effect at the commencement of this
Agreement. CONSULTANT shall make copies of the prevailing rates of per diem wages
for each craft, classification or type of worker needed to execute the SERVICES available
to interested parties upon request, and shall post copies at the CONSULTANT's principal
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place of business and at the project site. CONSULTANT shall defend, indemnify and hold
the CITY, its elected officials, officers, employees and agents free and harmless from any
claim or liability arising out of any failure or alleged failure to comply with the Prevailing
Wage Laws.
12. TERMINATION OF AGREEMENT. The CITY may terminate this AGREEMENT
upon giving a ten (10) day advance written notice of such termination to CONSULTANT.
In that event, the City Manager, or his or her designee, based upon work accomplished
by CONSULTANT prior to notice of such termination, shall determine the amount of fees
to be paid to CONSULTANT for such services based upon accepted accounting
practices. This finding by the City Manager, or his or her designee, shall be final and
conclusive as to the amount of such fee.
13. INDEPENDENT CONTRACTOR. CONSULTANT shall act as an independent
contractor in the performance of the services provided for in this AGREEMENT and shall
furnish such services in CONSULTANT's own manner and method and in no respect shall
CONSULTANT be considered an agent or employee of the CITY.
14. OWNERSHIP OF DOCUMENTS. All financial documents, data, studies, and
reports prepared by CONSULTANT under this AGREEMENT are CITY's property.
CONSULTANT may retain copies of said documents and materials as desired, but will
deliver all original materials to CITY upon CITY's written notice. CITY agrees that use of
CONSULTANT's completed work product, for purposes other than identified in this
AGREEMENT, or use of incomplete work product, is at CITY's own risk. CITY will
indemnify and hold CONSULTANT harmless for any use of the work product other than
as contemplated by this AGREEMENT.
15. PUBLICATION OF DOCUMENTS. Except as necessary for performance of
service under this AGREEMENT, no copies, sketches, or graphs of materials, including
graphic art work, prepared pursuant to this Agreement, will be released by CONSULTANT
to any other person or CITY without CITY's prior written approval. All press releases,
including graphic display information to be published in newspapers or magazines, will
be approved and distributed solely by CITY, unless otherwise provided by written
agreement between the parties.
16. NONASSIGNMENT. This AGREEMENT is not assignable either in whole or in part
by CONSULTANT without the written consent of CITY.
17. TAXPAYER IDENTIFICATION NUMBER. CONSULTANT will provide CITY with
a valid Taxpayer Identification Number.
18. PERMITS AND LICENSES. CONSULTANT, at its sole expense, will obtain and
maintain during the term of this AGREEMENT, all necessary permits, licenses, and
certificates that may be required in connection with the performance of services under
this Agreement.
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19. INDEMNIFICATION.
A. CONSULTANT hereby agrees to the following:
(i) Indemnification for Professional Services. CONSULTANT will save
harmless and indemnify CITY and, at CITY's request, reimburse
defense costs for CITY and all its officers, volunteers, employees and
representatives from and against any and all suits, actions, or claims,
of any character whatever, brought for, or on account of, any injuries,
including death or damages sustained by any person or property
resulting or arising from any negligent or wrongful act, error or
omission by CONSULTANT or any of CONSULTANT's officers,
agents, employees, volunteers or representatives, in the
performance of this Agreement.
(ii) Indemnification for other Damages. CONSULTANT indemnifies and
holds CITY harmless from and against any claim, action, damages,
costs (including, without limitation, attorney's fees), injuries, or
liability, arising out of this Agreement, or its performance. Should
CITY be named in any suit, or should any claim be brought against
it by suit or otherwise, whether the same be groundless or not, arising
out of this Agreement, or its performance, CONSULTANT will defend
CITY (at CITY's request and with counsel satisfactory to CITY) and
will indemnify CITY for any judgment rendered against it or any sums
paid out in settlement or otherwise.
S. For purposes of this section "CITY" includes CITY's officers, officials,
employees, agents, representatives and volunteers.
C. It is expressly understood and agreed that the foregoing provisions will
survive termination of this Agreement.
D. CITY does not, and shall not, waive any rights against CONSULTANT which
it may have by reason of the aforesaid hold -harmless AGREEMENT
because of the acceptance by CITY or the deposit with CITY by
CONSULTANT, of any of the insurance policies hereinafter described in this
AGREEMENT.
E. The aforesaid hold -harmless AGREEMENT by CONSULTANT shall apply
to all damages and claims for damages of every kind suffered, or alleged to
have been suffered, by reason of any of the aforesaid operations of
CONSULTANT, or any subcontractor of CONSULTANT, regardless of
whether such insurance policies shall have been determined to be
applicable to any of such damages or claims for damages.
F. Notwithstanding any provision of this Agreement to the contrary, design
professionals shall be required to defend and indemnify the CITY only to
the extent allowed by Civil Code Section 2782.8, namely for claims that
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arise out of, pertain to, or relate to the negligence, recklessness, or willful
misconduct of the design professional. The term "design professional"
includes licensed architects, licensed landscape architects, registered
professional engineers, professional land surveyors and the business
entities which offer such services in accordance with the applicable
provisions of the Business and Professions Code.
G. The provisions of this section do not apply to Claims occurring as a result
of the CITY's sole negligence or willful acts or omissions. In the event of any
dispute between CONSULTANT and CITY, as to whether liability arises
from the sole or active negligence of the CITY or its officers, employees, or
agents, CONSULTANT will be obligated to pay for CITY's defense until
such time as a final judgment has been entered adjudicating the CITY as
solely or actively negligent. CONSULTANT will not be entitled in the
absence of such a determination to any reimbursement of defense costs
including but not limited to attorney's fees, expert fees, and costs of
litigation.
20. INSURANCE. CONSULTANT shall not commence work under this contract until
CONSULTANT shall have obtained all insurance required by this AGREEMENT
and shall maintain for the entire term of the AGREEMENT and such insurance
shall have been approved by CITY as to form, amount and carrier, nor shall
CONSULTANT allow any subcontractor of CONSULTANT to commence work on
any subcontract until all similar insurance required of the subcontractor of
CONSULTANT shall have been so obtained and approved.. Any delays caused by
CONSULTANT's or its subcontractors' failure to procure or maintain required insurance
are inexcusable and shall not be a basis for extending the time for completion, and the
CITY shall not be liable for reimbursing CONSULTANT for costs due to such delay.
A. WORKERS' COMPENSATION INSURANCE. CONSULTANT shall take
out and maintain, during the life of this contract, Workers' Compensation
Insurance and Employer's Liability Insurance for all of CONSULTANT'S
employees employed to perform the SERVICES as described section 2 of
the AGREEMENT; and, if any work is sublet, CONSULTANT shall require
the subcontractor of CONSULTANT similarly to provide Workers'
Compensation Insurance and Employers' Liability Insurance in accordance
with the laws of the State of California, Section 3700 for all of the latter's
employees, unless such employees are covered by the protection afforded
by CONSULTANT. If any class of employees engaged in work under this
AGREEMENT is not protected under any Workers' Compensation law,
CONSULTANT shall provide and shall cause each subcontractor of
CONSULTANT to provide adequate insurance for the protection of
employees not otherwise protected. CONSULTANT shall indemnify CITY
for any damage resulting to it from failure of either CONSULTANT or any
subcontractor of CONSULTANT to take out or maintain such insurance.
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(i) Workers Compensation Insurance in the amount of not less than
Statutory Limits set by the State of California.
(ii) Employer's Liability Insurance in the amount of not less than ONE
MILLION DOLLAR ($1,000,000).
B. COMMERCIAL GENERAL LIABILITY, PROFESSIONAL LIABILITY, AND
AUTOMOBILE LIABILITY INSURANCE.
(i) Commercial General Liability Insurance. CONSULTANT shall
maintain commercial general liability insurance with coverage at
least as broad as Insurance Services Office form CG 00 01, in an
amount not less than $1,000,000 per occurrence, $2,000,000
general aggregate, for bodily injury, personal injury, and property
damage. The policy must include contractual liability that has not
been amended. Any endorsement restricting standard ISO "insured
contract" language will not be accepted.
(ii) Professional Liability (Errors & Omissions) Insurance.
CONSULTANT shall maintain professional liability insurance that
covers the Services to be performed in connection with this
agreement, in the minimum of $1,000,000 per claim and in the
aggregate. Any policy inception date, continuity date, or retroactive
date must be before the effective date of this agreement and
CONSULTANT agrees to maintain continuous coverage through a
period no less than three years after completion of the services
required by this agreement.
(iii) Automobile Liability Insurance. CONSULTANT shall maintain
automobile insurance at least as broad as Insurance Services Office
form CA 00 01 covering bodily injury and property damage for all
activities of the CONSULTANT arising out of or in connection with
work to be performed under this agreement, including coverage for
any owned, hired, non -owned, or rented vehicles, in an amount not
less than $1,000,000 combined single limit for each accident.
C. PROOF OF INSURANCE. CONSULTANT shall provide certificates of
insurance and required endorsements to CITY as evidence of insurance
coverage required herein. Insurance certificates and endorsements must
be approved by CITY prior to the commencement of work. Current
certification of insurance shall be kept on file with CITY for the contract
period and any additional length of time required thereafter. CITY reserves
the right to require complete, certified copies of all required insurance
policies, at any time.
D. NOTICE TO COMMENCE WORK. The CITY will not issue any notice
authorizing CONSULTANT or any subcontractor to commence work under
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this AGREEMENT until CONSULTANT has provided to the CITY Clerk the
proof of insurance as required.
E. DURATION OF COVERAGE. CONSULTANT shall procure and maintain
for the contract period, and any additional length of time required thereafter,
insurance against claims for injuries to persons or damages to property, or
financial loss which may arise from or in connection with the performance
of work hereunder by CONSULTANT, their agents, representatives,
employees, or subconsultants.
F. PRIMARY/NONCONTRIBUTING. Coverage provided by CONSULTANT
shall be primary and an insurance or self-insurance procured or maintained
by CITY shall not be required to contribute with it. The limits of insurance
required herein may be satisfied by a combination of primary and umbrella
or excess insurance. Any umbrella or excess insurance shall contain or be
endorsed to contain a provision that such coverage shall also apply on
primary and non-contributory basis for the benefit of CITY before the CITY's
own insurance or self-insurance shall be called upon to protect it as named
insured.
G. CITY'S RIGHTS OF ENFORCEMENT. In the event any policy of insurance
required under this agreement does not comply with these specifications or
is canceled and not replaced, CITY has the right but not the duty to obtain
the insurance it deems necessary, and any premium paid by CITY will be
promptly reimbursed by CONSULTANT or CITY will withhold amounts
sufficient to pay premium from CONSULTANT'S payments. In the
alternative, CITY may cancel this agreement.
H. ACCEPTABLE INSURERS. All insurance policies shall be issued by an
insurance company currently authorized by the Insurance Commissioner to
transact business of insurance or is on the List of Approved Surplus Line
Insurers in the State of California, with an assigned policyholder's Rating of
A- (or higher) and Financial Size Category Class VII (or larger) in
accordance with the latest edition of Best' Key Rating Guide, unless
otherwise approved by the City Clerk's Office and Risk Management.
WAIVER OF SUBROGATION. All insurance coverage maintained or
procured pursuant to this agreement shall be endorsed to waive
subrogation against CITY, its elected or appointed officers, agents, officials,
employees, representatives and volunteers or shall specifically allow
CONSULTANT or others providing insurance evidence in compliance with
these specifications to waive their right of recovery prior to a loss.
CONSULTANT hereby waives its own right of recovery against CITY and
shall require similar written express waivers and insurance clauses from
each of its subconsultants.
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J. ENFORCEMENT OF CONTRACT PROVISIONS (NON ESTOPPEL).
CONSULTANT acknowledges and agrees that any actual or alleged failure
on part of the CITY to inform CONSULTANT of non-compliance with any
requirement imposes no additional obligations on the CITY nor does it waive
any rights hereunder.
K. REQUIREMENTS NOT LIMITING. Requirements of specific coverage
features or limits contained in this section are not intended as limitation on
coverage, limits or other requirements, or a waiver of any coverage normally
provided by any insurance. Specific reference to a given coverage feature
is for purposes of clarification only as it pertains to a given issue and is not
intended by any party or insured to be all inclusive, or to the exclusion of
other coverage, or a waiver of any type. If the CONSULTANT maintains
higher limits than the minimums shown above, the CITY requires and shall
be entitled to coverage for the higher limits maintained by the
CONSULTANT. Any available insurance proceeds in excess of the
specified minimum limits of insurance and coverage shall be available to
the City.
L. NOTICE OF CANCELLATION. CONSULTANT agrees to oblige its
insurance agent or broker and insurers to provide the CITY with a thirty (30)
day notice of cancellation (except for nonpayment for which a ten (10) day
notice is required) or nonrenewal of coverage for each required coverage.
If any of the CONSULTANT'S insurers are unwilling to provide such notice,
then CONSULTANT shall have the responsibility of notifying the CITY
immediately in the event of CONSULTANT'S failure to renew any of the
required insurance coverages, or insurer's cancellation or nonrenewal.
M. ADDITIONAL INSURED STATUS. General Liability, Automobile Liability,
and umbrella/excess liability insurance policies shall provide or be endorsed
to provide that CITY and its officers, officials, employees, agents,
representatives, and volunteers shall be additional insureds under such
policies.
N. PROHIBITION OF UNDISCLOSED COVERAGE LIMITATIONS. None of
the coverages required herein will be in compliance with these requirements
if they include any limiting endorsement of any kind that has not been first
submitted to CITY and approved of in writing.
O. SEPARATION OF INSUREDS. A severability of interests provision must
apply for all additional insureds ensuring that CONSULTANT'S insurance
shall apply separately to each insured again whom claim is made or suit is
brough, except with respect to the insurer's limits of liability. The policy(ies)
shall not contain any cross -liability exclusions.
P. PASS THOUGH CLAUSE. CONSULTANT agrees to ensure that its
subconsultants, subcontractors, and any other party who is brough onto or
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involved in the project/service by CONSULTANT (hereinafter collectively
"subcontractor"), provide the same minimum insurance coverage and
endorsements required of CONSULTANT. CONSULTANT agrees to
monitor and review all such coverage and assumes all responsibility for
ensuring that such coverage is provided in conformity with the requirements
of this section. However, in the event CONSULTANT'S subcontractor
cannot comply with this requirement, which proof must be submitted to the
CITY, CONSULTANT shall be required to ensure that its subcontractor
provide and maintain insurance coverage and endorsements sufficient to
the specific risk of exposure involved with subcontractor's scope of work
and services, with limits less than required of the CONSULTANT, but in all
other terms consistent with the CONSULTANT's requirements under this
agreement. This provision does not relieve the CONSULTANT' of its
contractual obligations under the agreement and/or limit its liability to the
amount of insurance coverage provided by its subcontractors. This
provision is intended to solely provide CONSULTANT with the ability to
utilize a subcontractor who may be otherwise qualified to perform the work
or services but may not carry the same insurance limits as required of the
CONSULTANT under this agreement given the limited scope of work or
services provided by the subcontractor. CONSULANT agrees that upon
request, all agreements with subcontractors, and others engaged in this
project, will be submitted to CITY for review.
C�. CITY'S RIGHT TO REVISE SPECIFICATIONS. The CITY reserves the right
to at any time during the term of the contract to change the amounts and
types of insurance required by giving the CONSULTANT ninety (90) days
advance written notice of such change. If such change results in substantial
additional cost to the CONSULTANT, the CITY and CONSULTANT may
renegotiate the CONSULTANT'S compensation.
R. SELF-INSURED RETENTIONS. Any self-insured retentions must be
declared to and approved by CITY. CITY reserves the right to require that
self-insured retentions be eliminated, lowered, or replaced by a deductible,
or require proof of ability to pay losses and related investigations, claim
administrative, and defense expenses within the retention through
confirmation from the underwriter.
S. TIMELY NOTICE OF CLAIMS. CONSULTANT shall give CITY prompt and
timely notice of claims made or suits instituted that arise out of or result from
CONSULTANT'S performance under this agreement, and that involve or
may involve coverage under any of the required liability policies.
T. ADDITIONAL INSURANCE. CONSULTANT shall also procure and
maintain, at this own cost and expense, any additional kinds of insurance,
which in its own judgment may be necessary for its proper protection and
prosecution of the work.
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21. NON-DISCRIMINATION. CONSULTANT shall not discriminate in its recruiting,
hiring, promotion, demotion or termination practices on the basis of race, religious creed,
color, national origin, ancestry, physical disability, mental disability, medical condition,
marital status, sex, age, or sexual orientation in the performance of this AGREEMENT
and shall comply with the provisions of the California Fair Employment and Housing Act
as set forth in Part 2.8 of Division 3, Title 2 of the California Government Code, the Federal
Civil Rights Act of 1964, as set forth in Public Law 88-352, and all amendments thereto;
Executive Order 11246; and all administrative rules and regulations issued pursuant to
such acts and order.
22. UNAUTHORIZED ALIENS. CONSULTANT hereby promises and agrees to
comply with all of the provisions of the Federal Immigration and Nationality Act (8 USCA
1101, et seq.), as amended; and, in connection therewith, shall not employ unauthorized
aliens as defined therein. Should CONSULTANT so employ such unauthorized aliens for
the performance of work and/or services covered by this AGREEMENT, and should the
Federal Government impose sanctions against the CITY for such use of unauthorized
aliens, CONSULTANT hereby agrees to, and shall, reimburse CITY for the cost of all
such sanctions imposed, together with any and all costs, including attorney's fees,
incurred by the CITY in connection therewith.
23. CONFLICT OF INTEREST. CONSULTANT will comply with all conflict of interest
laws and regulations including, without limitation, CITY's conflict of interest regulations.
24. WAIVER. Waiver by any party hereto of any term, condition, or covenant of this
AGREEMENT shall not constitute the waiver of any other term, condition or covenant
hereof.
25. ATTORNEY'S FEES. If litigation is reasonably required to enforce or interpret the
provisions of this AGREEMENT, the prevailing party in such litigation shall be entitled to
an award of reasonable attorney's fees, in addition to any other relief to which it may be
entitled.
26. BINDING EFFECT. This AGREEMENT shall be binding upon the heirs, executors,
administrators, successors and assigns of the parties hereto.
27. PROVISIONS, CUMULATIVE. The provisions of this AGREEMENT are
cumulative and in addition to and not in limitation of any rights or remedies available to
CITY.
28. NO PRESUMPTION RE: DRAFTER. The parties acknowledge and agree that the
terms and provisions of this AGREEMENT have been negotiated and discussed between
the parties and their attorneys, and this AGREEMENT reflects their mutual AGREEMENT
regarding the same. Because of the nature of such negotiations and discussions it would
be inappropriate to deem any party to be the drafter of this AGREEMENT; and, therefore,
no presumption for or against validity or as to any interpretation hereof, based upon the
identity of the drafter, shall be applicable in interpreting or enforcing this AGREEMENT.
Professional Services Contract under $50K -12-
11/2025 Form
4928-2981-4103 v2
29. ASSISTANCE OF COUNSEL. Each party to this AGREEMENT warrants to each
other party as follows:
A. That each party either had the assistance of counsel or had counsel
available to it, in the negotiation for, and execution of, this AGREEMENT,
and all related documents; and,
B. That each party has lawfully authorized the execution of this AGREEMENT.
30. MODIFICATION. This AGREEMENT shall not be modified except by written
agreement of the parties.
31. GOVERNING LAW. This AGREEMENT shall be interpreted and construed
according to the laws of the State of California.
32. NOTICE. Whenever it shall be necessary for either party to serve notice on the
other regarding this AGREEMENT, such notice may be furnished in writing by either party
to the other and shall be served by personal service as required in judicial proceedings
or by certified mail, postage prepaid, return receipt requested, addressed to the parties
as follows:
CITY: Lily Valenzuela, Director of Community Development
City of Rosemead
8838 East Valley Boulevard
Rosemead, CA 91770
Tel: (626) 569-2142
Email: Ivalenzuela@rosemeadca.gov
CONSULTANT: Bradford Thompson, Chief Executive Officer
Thompson & Thompson Real Estate Valuation and
Consulting, Inc.
109 N. Ivy Avenue, Suite A
Monrovia, CA 91016
Tel: (626) 317-5158
Email: bthompson@thompsonvaluation.com
Notice will be deemed effective on the date personally delivered or transmitted by
facsimile. If the notice is mailed, notice will be deemed given three days after deposit of
the same in the custody of the United States Postal Service, postage prepaid, for first
class delivery, or upon delivery if using a major courier service with tracking capabilities.
Changes may be made in the names or addresses of persons to whom notices are to be
given by giving notice in the manner prescribed in this paragraph. Changes may be made
in the names or addresses of persons to whom notices are to be given by giving notice in
the manner prescribed in this paragraph.
Professional Services Contract under $50K -13-
11/2025
13-11/2025 Form
4925-2981-41032
33. FORCE MAJEURE. Neither party shall be responsible for delays or failures in
performance resulting from acts beyond the control of the offending party. Such acts shall
include, but not be limited to, acts of God, fire, flood, earthquake, or other natural disaster,
nuclear accident, explosion, war, terrorist attack, embargo, strike, lockout, riot, freight
embargo, public regulated utility, or government statutes or regulations superimposed
after the fact. Notwithstanding the foregoing, this provision shall only have effect if written
notice of the force majeure event is given by the party claiming such excuse for delay
within ten days of the commencement of such event.
34. ELECTRONIC TRANSMISSION OF AGREEMENT AND SIGNATURE. The
Parties agree that this AGREEMENT may be signed and transmitted by electronic mail
by either/any or both/all Parties, and that such signatures shall have the same force and
effect as original signatures, in accordance with California Government Code section 16.5
and Civil Code section 1633.7.
35. RECORD AUDIT. In accordance with Government Code section 8546.7, records
of both the CITY and the CONSULTANT shall be subject to examination and audit by the
CITY for a period of three (3) years after final payment.
IN WITNESS WHEREOF, the parties hereto have caused this AGREEMENT to be
executed on its effective date by their respective officers duly authorized on their behalf.
CITY OF ROSEMEAD
VILA—
Lily Valenzuela
Director of Community
Development
ATTEST:
CONSULTANT
Thompson & Thompson Real Estate
Valuation and Consulting, Inc.
June 25, 2026 Tax Payer ID: 84-4191369
Date
Ericka Hernandez Date
City Clerk
Print Name: Bradford Thompson
Title: President
Signature: �, ?
Professional Services Contract under $50K -14-
11/2025 Form
4928-2981-4103 v2
Exhibit A
Scope of Work
Professional Services Contract under $50K -15-
11/2025
15_11/2025 Form
4928-2981-4103 v2
11
THOMPSON & THOMPSON
REAL ESTATE VALUATION AND CONSULTING
109 N. IVY AVENUE, SUITE A I MONROVIA, CALIFORNIA 91016
www.thompsonvaluation.com I Phone: 626.317.5158 1 Fax: 626.317.5168
June 3, 2026
Via e-mail Onl
lvalenzuela@rosemeadca.gov
City of Rosemead
Lily Valenzuela
Director of Community Development
8838 East Valley Boulevard
Rosemead, California 91770
Re: Proposal for Appraisal Services
Potential Full Acquisition
SCE Ownership
Encumbered Vacant Acreage - 57,210 Gross Square Feet
Southwest Corner Rush Street & Walnut Grove Ave
Rosemead, California
APN 5279-033-801
Dear Ms. Valenzuela:
At your request, the following proposal for appraisal services is submitted. Thompson & Thompson
will prepare an Appraisal Report of the fee simple interest in the property referenced above. The
purpose of the valuation is to estimate the fair market value of the property as of current date for
potential full fee acquisition purposes by the City of Rosemead.
The Appraisal Report will conform to the Uniform Standards of Professional Appraisal Practice
(USPAP), and the Code of Civil Procedures (CCP). Thompson & Thompson will provide a
narrative appraisal report consisting of all applicable approaches to value the subject parcel, as of
current date, based upon the highest and best use.
With respect to time, the Restricted Appraisal Report will be delivered within 21 to 30 days of
authorization to proceed and receipt of any available documentation identified below. The
Lily Valenzuela
June 3, 2026
Appraisal Report will be delivered electronically and two (2) bound original copies can be provided
upon request for a nominal fee. The fee for the Appraisal Report is estimated not -to -exceed $6,500.
If available, the following information will assist us with the completion of the assignment:
Preliminary Title Report with plotted easement(s) exhibit
Mileage will be billed in addition to the stated fee. Any changes or amendments provided by the
client subsequent to submission of the reports will be billed hourly. The valuation assignment will
include the following scope:
• Inspection of the subject property;
• Ground and aerial photographs of the subject property;
• Review of Zoning, General Plan, Flood Zone, and other information pertinent to the
development and use of the subject property;
• Investigate and review any existing/proposed entitlements pertaining to the parcel;
• Highest and best use analysis;
• Larger parcel analysis;
• Valuation of the subject parcel using all applicable approaches to value; and
• Prepare an Appraisal Report.
Bradford Thompson, MAI, AI-GRS, SR/WA will be responsible for the assignment assisted by Scott
Thompson, MAI, AI-GRS, SR/WA. Work will begin immediately upon authorization and receipt
of the requested items. Work subsequent to the submission of the report, including conferences,
meetings, deposition, trial preparation and testimony, etc. is billed monthly based on the attached
Thompson & Thompson 2026 Fee Schedule, with the understanding that any of the staff named can
be billed based on the stated hourly rates.
If the above is correct and agreeable, please execute an original of this letter contract or provide us
with a letter of authorization or purchase order confirming time, fee and scope of work, and return
it to our office. A set of the appraiser qualifications have been included.
This proposal is valid until June 23, 2026. We look forward to the opportunity to work with you.
2
Lily Valenzuela
June 3, 2026
THOMPSON & THOMPSON
Bradford Thompson, MAI, AI-GRS, SR/WA
btl-iompson@thon-ipsonvaluation.com
READ, UNDERSTOOD, AND ACCEPTED
Client
Enclosures
BT:co
Date
11
THOMPSON & THOMPSON
REAL ESTATE VALUATION AND CONSULTING
109 N. IVY AVENUE, SUITE A I MONROVIA, CALIFORNIA 91016
www.thompsonvaluation.com I Phone: 626.317.5158 1 Fax: 626.317.5168
bthom pson(_thom psonvaluation.com
2026 STANDARD FEE SCHEDULE
Compensation for work performed on a time -and -materials basis will be computed as
follows through December 31, 2026:
APPRAISAL, PROJECT MANAGEMENT, CONSULTING, APPRAISAL REVIEW
• Bradford Thompson, MAI, AI-GRS, SR/WA $425.00/hour
• Scott J. Thompson, MAI, AI-GRS, SR/WA $325.00/hour
• Cole Thompson $175.00/hour
EXPERT WITNESS SERVICES'
• Bradford Thompson, MAI, AI-GRS, SR/WA
• Scott J. Thompson, MAI, AI-GRS, SR/WA
ADMINISTRATIVE
• Celia Ochoa
• Dana Thompson
MISCELLANEOUS EXPENSES
The following are billed at cost:
• Subcontractor Services
• Printing Services
• Photo Services
• Court Exhibits
• Commercial Delivery Services
• Air Transportation and Travel Expenses
• Parking
• Automobile Travel CC Current IRS Rates
$550.00/hour
$325.00/hour
$125.00/hour
$100.00/hour
` If cancellation occurs within 2 business days of deposition date a minimum charge of 2
hours will be assessed. Two(2) hour minimum deposition charge on date of deposition.
Revised 12/15/2025
BRADFORD THOMPSON, MAI, AI-GRS, SR/WA
APPRAISAL QUALIFICATIONS Jill-
APPRAISAL EXPERIENCE
President and Managing Partner of Thompson & Thompson, established 2020. Entered the appraisal field in 1989,
and was with the appraisal firm of Mason and Mason from 1991 thru 2019, Partner 2006 thru 2019. Expertise includes
research, consulting, appraisal report preparation, and expert testimony for a variety of property types, including
industrial, commercial, retail, office, vacant acreage, and single and multi -family residential properties. Property
valuations for eminent domain both full and partial acquisitions, inverse condemnation, property tax appeals,
possessory interests, corridor valuation, and asset management/estate valuations.
AFFILIATIONS & ACTIVITIES
MAI Designated Member, The Appraisal Institute, Designation No. 11063
AI-GRS (General Review Specialist) Designated Member, The Appraisal Institute
SR/WA Designated Member, International Right of Way Association, Designation No. 5336
Certified General Real Estate Appraiser, State of California, Certificate No. AG002282 (Exp. 2/1/2027)
Certified General Real Estate Appraiser, State of Nevada, Certificate No. A.0208134 -CG (Exp. 4/30/2026)
Certified General Real Estate Appraiser, State of Arizona, Certificate No. CGA -32273 (Exp. 4/30/2026)
Licensed Real Estate Broker, State of California, Certificate No. 01070707 (Exp. 4/1/2030)
Planning Commission, City of Arcadia (2015 to 2023)
Past President, Southern California Chapter of the Appraisal Institute (2017)
Member, AIR Commercial and Industrial Real Estate Association
Member, Pasadena -Foothills Association of Realtors
EDUCATIONAL BACKGROUND
California State Polytechnic University, Pomona Graduated September, 1999, with a Masters Degree in
Business Administration (MBA)with an emphasis in Urban and Regional Planning, Finance, Real Estate and Law.
Admitted to the Honor Society of Beta Gamma Sigma. Masters Project - Just Compensation, The Physical Partial
Acquisition of Real Property through Eminent Domain. Classes included:
• Real Estate Market Analysis
• Real Estate Investment Analysis
• Management Science - Quantitative Decision Making
• Policy Analysis, Implementation and Evaluation
• Urban and Regional Planning - Legal Foundations
• Urban and Regional Planning - Urban Analysis Fundamentals
• Urban and Regional Planning - Theory and Practice
• Urban and Regional Planning - Graphics and Design
• Managerial Accounting for Decision Making
• Business Research Methods
• Management Policies and Strategies Practicum
• Advanced Financial Management
University of Southern California Graduated May, 1989, with a Bachelor of Science Degree in Business
Administration (BS), with an emphasis in Real Estate. Classes in all major aspects of real estate valuation,
development, finance, law, construction, engineering, planning and property management. Specialized classes
included:
• Real Estate Valuation
• Introduction to Urban Real Estate
• Real Estate Law
• Introduction to Urban & Regional Planning
• Management Science
• Management Accounting & Cost Analysis
• Real Estate Finance & Investments
• Construction Methods & Equipment
• Business Finance
• Contracts & Specifications
• Economic Analysis for Business
BT Page 1 of 2
Expert Witness: Real Estate Valuation in the Superior Court of The State of California, San Bernardino, Riverside,
Orange and Los Angeles Counties, Public Utilities Commission of the State of California, Los Angeles and Riverside
County Assessment Appeals Boards, and Riverside County Criminal Grand Jury. Court -Appointed Appraiser- Judge
Kristin S. Escalante, Los Angeles Superior Court, Judge Maureen Duffy -Lewis, Los Angeles Superior Court, and Judge
Brian S. McCarville, San Bernardino Superior Court.
Guest Lecturer: Real Estate Valuation (USC, Master of Real Estate Development Program),Valuation Conferences
(IRWA), Masterof Architecture and the Development Process (Cal Poly Pomona), Eminent Domain Conferences (CLE
International), Caltrans Real Property & Environmental Law Workshop and Arcadia Association of Realtors.
Committee Service: Appraisal Institute- Litigation Seminar Chair(2008, 2016 & 2017),Associate Guidance Chair (2009
to 2013), Region VII Representative (201 1 to 2014, 2016, 2017), SCCAI Executive Board (2014 to 2018). Leadership
Development and Advisory Council (2015). California Government Relations Committee (2016& 2017). National and
Chapter Nominating Committees (2018).Mason-Thornton Scholarship Fund (2021 to 2024). IRWA - Spring Valuation
Seminar Chair (2013 to 2016).
SPECIALIZED APPRAISAL COURSES & SEMINARS
Appraisal Concepts for the Negotiator, IRWA, 2025
Right -of -Way Acquisition for Electrical Transmission Projects, IRWA, 2025
Principles of Real Estate Appraisal, IRWA, 2025
Valuation Bias: The Invisible Fence of Racial Discrimination, Appraisal Institute, 2024
CA Elimination of Bias and Cultural Competency, 2022
Laws and Regulations for Appraisers, 2022
General Appraiser Income Approach - Part 2, Appraisal Institute, 2022
Underground Infrastructure Panorama, IRWA, 2020
United States Land Titles, IRWA, 2020
Comparative Analysis, Appraisal Institute, 2016
Planning Academy, League of California Cities, 2016
Spring Valuation Seminar, IRWA, 2012, 2013, 2014, 2015, 2016
Property/Asset Management, IRWA, 2015
Review Theory - General, Appraisal Institute, 2014
Green Building for Appraisers, 2013
Federal and State Laws and Regulations, 2013, 2016, 2020
Environmental Awareness, IRWA, 2010
Legal Aspects of Easements, IRWA, 2010
Corridor Valuation, Appraisal Institute, 2010
Yellow Book/Easements & Divided Interests, Appraisal Institute, 2010
Easement Valuation, IRWA, 2009
Apartment Appraisal, Concepts & Applications, Appraisal Institute, 2009
Real Estate Finance, Statistics, and Valuation Modeling, Appraisal Institute, 2008 Business
Practices and Ethics, Appraisal Institute, 2006, 2011, 2016, 2021
Project Development and the Environmental Process, IRWA, 2005
Bargaining Negotiations, IRWA, 2005
Principles of Real Estate Engineering, IRWA, 2004
Senior Right of Way (SR/WA) Review Course & Discipline Exams, IRWA, 2004
Pipeline Right of Way Agent Development Program, IRWA, 2004
Principles of Real Estate Negotiation, IRWA, 2004
Standards of Practice / Ethics and the ROW Profession, IRWA, 2004, 2015, 2020, 2025
USPAP, 1990, 1995, 2000, 2004, 2006, 2010, 2013, 2014, 2016, 2018, 2020, 2022, 2024
Advanced Applications, Appraisal Institute, 1995
Report Writing and Valuation Analysis, Appraisal Institute, 1994
The Appraisal of Partial Acquisitions, IRWA, 1994
Advanced Income Capitalization, Appraisal Institute, 1993
Basic Income Capitalization, Appraisal Institute, 1993
Property Descriptions, IRWA, 1993
Real Estate Appraisal Principles, Appraisal Institute, 1992
Basic Valuation Procedures, Appraisal Institute, 1992
Litigation Seminar, Appraisal Institute, 1992, 1993, 1997, 1998, 2001, 2004, 2007, 2008, 2011, 2016, 2017, 2018, 2020 Master
Planned Communities: from Concept to Reality, Appraisal Institute, 1999
The Economics of Right -of -Way Appraisal, Appraisal Institute, 1999
I certify that to the best of my knowledge, the above statements are true and correct.
Respectfully submitted,
I
Bradford Thompson, MAI, AI-GRS, SR/WA
02/2026 BT Page 2 of 2
SCOTT J. THOMPSON, MAI, AI-GRS, SR/WA APPRAISAL QUALIFICATIONS Jill
-
APPRAISAL EXPERIENCE
Vice President and Partner of Thompson & Thompson, established 2020. Entered the appraisal field in
July 2006, and was with the appraisal firm of Mason and Mason from 2006 thru 2019, Senior Appraiser
since 2013. During this time has performed a variety of functions including market research, property
inspection, and appraisal report preparation, for a variety of property types, including industrial,
commercial, retail, office, vacant acreage, and single and multi -family residential properties. Property
valuations for eminent domain both full and partial acquisitions.
AFFILIATIONS
MAI Designated Member, The Appraisal Institute, Designation No. 13754
AI-GRS (General Review Specialist) Designated Member, The Appraisal Institute
SR/WA Designated Member, International Right of Way Association, Designation No. 6864
Certified General Real Estate Appraiser, State of California, Certificate No. AG044322
Eastern Branch Southern California Chapter Appraisal Institute (2021)
EDUCATIONAL BACKGROUND
Arizona State University; Graduated July, 1994, with a Bachelor of Science Degree in Business
Administration. Classes in all major aspects of business management, finance, and economics.
SPECIALIZED APPRAISAL COURSES & SEMINARS
Business Practices and Ethics, The Appraisal Institute
Basic Appraisal Principles, The Appraisal Institute
Basic Appraisal Procedures, The Appraisal Institute
15 -Hour National USPAP Course, The Appraisal Institute
Real Estate Finance, Statistics, and Valuation Modeling, The Appraisal Institute
Eminent Domain Law for the Right of Way Professional, IRWA
Standards of Practice for the Right of Way Professional, IRWA
General Market Analysis and Highest and Best Use, The Appraisal Institute
The Appraisal of Partial Acquisitions, IRWA
Sales Comparison Valuation of Small, Mixed -Use Properties, The Appraisal Institute
Easement Valuation, IRWA
Principles of Real Estate Law, IRWA
Litigation Seminar, Appraisal Institute
General Appraiser Income Approach (Part 1), The Appraisal Institute
General Appraiser Income Approach (Part 2), The Appraisal Institute
General Appraiser Sales Comparison Approach, The Appraisal Institute
General Appraiser Site Valuation and Cost Approach, The Appraisal Institute
General Appraiser Report Writing & Case Studies, The Appraisal Institute
Principles of Real Estate Appraisal, IRWA
Advanced Sales Comparison and Cost Approaches, The Appraisal Institute
Ethics and the Right of Way Profession, IRWA
Report Writing and Valuation Analysis, The Appraisal Institute
Advanced Income Capitalization, The Appraisal Institute
Advanced Applications, The Appraisal Institute
7 -Hour National USPAP Course
Principles of Real Estate Engineering, IRWA
Principles of Land Acquisition, IRWA
01/2024 SJT Page 1 of 2
SPECIALIZED APPRAISAL COURSES & SEMINARS (CONTINUED)
Introduction to Property/Asset Management, IRWA
The Environmental Process, IRWA
When Public Agencies Collide, IRWA
Engineering Plan Development and Application, IRWA
Legal Aspects of Easements, IRWA
I certify that to the best of my knowledge, the above statements are true and correct.
Respectfully submitted,
Scott J. Thompson, MAI, AI-GRS, SR/WA
State of California Certificate No. AG044322
01 /2024 SJT Page 2 of 2
ACS ®
CERTIFICATE DATE (MM/DD/YYY)
TE OF LIABILITY INSURANCE 06/18/2026
THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS
CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES
BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED
REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER.
IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy(ies) must have ADDITIONAL INSURED provisions or be endorsed.
If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement on
this certificate does not confer rights to the certificate holder in lieu of such endorsement(s).
PRODUCER CONTACT CAROL SIQUEIROS
StateFarm NAME
TG METZGER, AGENT PHONE 626 445-1500 FAx
AIC, No, Ext): I,g/I C No). 626 445-9643
` LICENSE #0750772 E-MARIES, CAROL@TGMETZGER.COM
75 E FOOTHILL BLVD
INSURER(S) AFFORDING COVERAGE NAIC q
_ ARCADIA CA 91006 INSURER A : State Farm General Insurance Company 25151
INSURED -
INSURER 8: State Farm Mutual Automobile Insurance Company 25178
THOMPSON & THOMPSON INSURER C : State Farm General Insurance Company 25151
REAL ESTATE VALUATION AND CONSULTING INC INSURER D: State Farm Fire and Casualty Company 25143
109 N IVY AVE STE A INSURER E
MONROVIA CA 91016 INSURER F:
COVERAGES CERTIFICATE NUMBER: REVISION NUMBER:
• ••-- •-- • -- i� i i IG rvLll-.ICJ ur w4ou"Nf-l= ub I Lu tsELUW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD
INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS
CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS,
EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS.
_
1 SRB POLICY EFPiSLTCYEXP
LTR TYPE OF INSURANCE �
ADD SUVD I POLICY NUMBER I MM/DD/YYYY MM/DD/YYYY LIMITS
W
XINSD
COMMERCIAL GENERAL LIABILITY
CLAIMS -MADE X OCCUR
EACH OCCURRENCE $ 2,000,000
DAMAGE -PREMISESO R NT ence $ 300,000
MED EXP (Any one person) S 5,000
A
92 -AO -Y230-6
12/05/2025
12/05/2026
PERSONAL & ADV INJURY $ 2,000,000
GENT AGGREGATE LIMIT APPLIES PER:
PRO-
X POLICY 0 JECT LOC
GENERAL AGGREGATE $ 4,000,000
_
PRODUCTS - COMP/OP AGG $ 4,000,000
OTHER:
BUSINESS PROPERTY S $1,200
AUTOMOBILE
LIABILITY
ANY AUTO
635 7121-1326-750
02/26/2026
02/26/2027
SINGLE LIMIT $ 2,000,000
(EaCOMBINED accident)
BODILY INJURY (Per person) $
B—
OWNED SCHEDULED
AUTOS ONLY AUTOS
HIREDNON-OWNED
AUTOS ONLY X AUTOS ONLY
BODILY INJURY (Per accident) S
PROPER I Y DAMAGE
Per accident $
5
EACH OCCURRENCE $ 1,000,000
C
X
UMBRELLA LIAB OCCUR
EXCESS LIAB X CLAIMS -MADE
92 -G9 -P932-9
05/12/2026
05/12/2027
AGGREGATE $ 1,000,000
DED RETENTION 5
WORKERS COMPENSATION
AND EMPLOYERS' LIABILITY
ANY PROPRIETOR/PARTNER/EXECUTIVE Y / N
OFFICER/MEMBER EXCLUDED? ❑Y
(Mandatoryb and
If yes, describe under
D
N / A
92 -TB -Z359-6
12/22/2025
12/22/2026
$
�/ PERTUTE OTH- $
X
E.L. EACH ACCIDENT $ 1,000,000
E.L. DISEASE -EA EMPLOYE 5 1,000,000
DESCRIPTION OF OPERATIONS below
_
E.L. DISEASE -POLICY LIMIT S 1,000,000
DESCRIPTION OF OPERATIONS / LOCATIONS / VEHICLES (ACORD 101, Additional Remarks Schedule, may be attached if more space is required)
Certificate shall name CONSULTANT and CLIENT as Additional Insureds with respect to C/GL and Auto, and shall provide that the policy or policies shall not
be canceled or reduced in coverage or amounts without giving CONSULTANT and CLIENT thirty (30) days prior written notice.
t.ANI.tLLA I IUN
SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE
THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN
ACCORDANCE WITH THE POLICY PROVISIONS.
AUTHORIZED REPRESENTATIVE
@ 1988-2015 ACORD CORPORATION. All rights reserved.
ACORD 25 (2016/03) The ACORD name and logo are registered marks of ACORD
1001486 132849.14 04-13-2022
k'9'Aspen
Aspen American Insurance Company
Insurer (Referred to below as the "Company")
499 Washington Boulevard, 8th Floor
Jersey City, NJ 07310
Llhik_.
LIA Administrators & Insurance Services
Company's Program Administrator:
LIA Administrators & Insurance Services
1600 Anacapa Street
Santa Barbara, CA 93108
APPRAISAL, VALUATION AND PROPERTY SERVICES 800-334-0652
PROFESSIONAL LIABILITY INSURANCE POLICY
DECLARATIONS
Date Issued: 11/25/2025
Policy Number: AAI009979-07 Previous Policy Number: AAI009979-06
THIS
IS A CLAIMS MADE AND REPORTED POLICY. COVERAGE IS LIMITED TO LIABILITY FOR ONLY THOSE CLAIMS THAT
ARE
FIRST MADE AGAINST THE INSURED DURING THE POLICY PERIOD AND THEN REPORTED TO THE COMPANY IN
WRITING NO LATER THAN SIXTY (60) DAYS AFTER EXPIRATION OR TERMINATION OF THIS POLICY, OR DURING THE
EXTENDED REPORTING PERIOD, IF APPLICABLE, FOR A WRONGFUL ACT COMMITTED ON OR AFTER THE
RETROACTIVE DATE AND BEFORE THE END OF THE POLICY PERIOD. PLEASE READ THE POLICY CAREFULLY.
1.
Customer ID: 170455
Named Insured:
THOMPSON & THOMPSON REAL ESTATE
VALUATION AND CONSULTING, INC.
Bradford Thompson/Scott J Thompson
109 N Ivy Avenue Ste A
Monrovia, CA 91016
2.
Policy Period: From: 01/09/2026 To: 01/09/2027
12:01 A.M. Standard Time at the address stated in 1 above.
3.
Deductible: $10000 Each Claim
4.
Retroactive Date: 01/09/2020
5.
Inception Date: 01/09/2020
6.
Limits of Liability: A. $1,000,000 Each Claim
B. $2,000,000 Aggregate
7.
Covered Professional Services (as defined in the Policy and/or by Endorsement):
Real Estate Appraisal and Valuation: Yes X No
Residential Property: Yes X No
Commercial Property: Yes X No
Bodily Injury and Property Damage Caused
During Appraisal Inspection ($100,000 Sub -Limit): Yes X No (If "yes", added by endorsement)
Right of Way Agent and Relocation: Yes No X
Machinery and Equipment Valuation: Yes No X
Personal Property Appraisal: Yes No (If "yes", added by endorsement)
Real Estate Sales/Brokerage: Yes No (If "yes", added by endorsement)
HX
8.
Report Claims to: LIA Administrators & Insurance Services, 800-334-0652, P.O. Bos 1319, 1600 Anacapa Street, Santa Barbara, CA 93102-1319
9.
Annual Premium: $2,838.00
10.
Forms attached at issue: LIA002 (04/19) LIA CA (01/22) LIA012 (06/22) LIA122 (05/19) LIA122 (05/19) #2 LIA131 (05/19)
LIA164 (05/19) LIA165 (05/19) LIA169 (12/21) LI .173 (01/24) LIA174 (01/25)
This Declarations page, together with the completed and signed Policy Application including all attachments and thereto, and the Policy shall
constitute the contract between the Named Insured and the Company.
z�
11/25/2025
By
Date Authorized Representative
LIA001 (05/22)
Page 1 of 1
Appraisal, Valuation and Property
Services Professional Liability Insurance Policy
Named Insured: THONTSON & THOMPSON REAL ESTATE Policy Number: AAI009979-07
VALUATION AND CONSULTING, INC. Effective Date: 01/09/2026
Bradford Thompson/Scott J Thompson Customer ID: 170455
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.
ADDITIONAL COVERED PROFESSIONALS ENDORSEMENT
This endorsement modifies insurance provided under the following:
APPRAISAL, VALUATION AND PROPERTY SERVICES PROFESSIONAL LIABILITY INSURANCE POLICY
In consideration of the premium charged, it is agreed that Section IV. DEFINITIONS (I) "Insured" is amended to include:
"Insured" means:
The persons identified below, but only while acting on behalf of the Named Insured:
Coverage
Name Effective Date
Bradford Thompson 01/09/2026
Scott J. Thompson 01/09/2026
Cole S. Thompson 01/09/2026
All other terms, conditions, and exclusions of this Policy remain unchanged.
Aspen American Insurance Company Page 1 of 1
LIA012 (06/22)
CERTIFICATE OF INSURANCE
Producer:
LIA ADMINISTRATORS & INSURANCE SERVICES
P.O. Box 1319
Santa Barbara, CA 93102-1319
Issue Date: 11/25/2025
'Ibis Certificate is issued as a matter of information only and
confers no rights upon the Certificate Holder. This Certificate
does not amend, extend or alter the coverage afforded by the
policy below.
Insured: 170455
COMPANY AFFORDING COVERAGE
THOMPSON & THOMPSON REAL ESTATE
VAI,iJATION AND CONS III,TING, INC.
Aspen American Insurance Company
Bradford Thompson/Scott J Thompson
109 N. Ivy Avenue, Suite A
Monrovia, CA 91016
Fax Number: 626-317-5168
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Authorized Representative
This is to certify that the policy of insurance listed below has been issued to the Insured named above for the policy period indicated.
Notwithstanding any requirement, term of condition of any contract or other document with respect to which this Certificate may be
issued or may pertain, the insurance afforded by the policy described herein is subject to all the terms, exclusions and conditions
of such policy. Limits shown may have been reduced by paid claims.
DISCLALWER: This certificate of insurance does not affirmatively or negatively amend, extend, or alter the coverage afforded
by the insurance policy.
TYPE OF INSURANCE
POLICY NUMBER
EFFECTIVE DATE
EXPIRATION DATE
LIMITS
Professional Liability
AA1009979-07
01/09/2026
01/09/2027
Each Claim
S 1,000,000
General Aggregate
S 2,000,000
Description of Operations/Locations/Special Items:
Professional Services as defined in the policy
Certificate Holder:
THOMPSON & THOMPSON REAL ESTATE
VALUATION AND CONSULTING, INC.
Bradford Thompson/Scott J Thompson
109 N. Ivy Avenue, Suite A
Monrovia, CA 91016
LIA0001 (11/97) Insured Copy
Cancellation:
SHOULD ANY OF THE ABOVE DESCRIBED POLICIES
BE CANCELLED BEFORE THE EXPIRATION DATE
THEREOF, NOTICE WILL BE DELIVERED IN
ACCORDANCE WITH THE POLICY PROVISIONS.
Form W-9 I Request for Taxpayer I Give form to the
(Rev. March 2024) Identification Number and Certification requester. Do not
Department of the Treasury send to the IRS.
Internal Revenue Service Go to www.irs.gov/FormW9 for instructions and the latest information.
Before you begin. For guidance related to the purpose of Form W-9, see Purpose of Form, below.
1 Name of entity/individual. An entry is required. (For a sole proprietor or disregarded entity, enter the owner's name on line 1, and enter the business/disregarded
entity's name on line 2.)
THOMPSON & THOMPSON REAL ESTATE VALUATION AND CONSULTING INC
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2 Business name/disregarded entity name, if different from above.
3a Check the appropriate box for federal tax classification of the entity/individual whose name is entered on line 1. Check 4 Exemptions (codes apply only to
only one of the following seven boxes. certain entities, not individuals;
❑ proprietor ❑ p ® p ❑ p ❑ see instructions on page 3):
Individual/sole ro rietor C corporation Scor oration Partnership Trust/estate
❑ LLC. Enter the tax classification (C = C corporation, S = S corporation, P = Partnership) . . . . Exempt payee code (if any)
Note: Check the "LLC" box above and, in the entry space, enter the appropriate code (C, S, or P) for the tax
classification of the LLC, unless it is a disregarded entity. A disregarded entity should instead check the appropriate Exemption from Foreign Account Tax
box for the tax classification of its owner. Compliance Act (FATCA) reporting
❑ Other (see instructions) code (if any)
3b If on line 3a you checked "Partnership" or "Trust/estate," or checked "LLC" and entered "P" as its tax classification, (Applies to accounts maintained
and you are providing this form to a partnership, trust, or estate in which you have an ownership interest, check pP
this box if you have any foreign partners, owners, or beneficiaries. See instructions . . . . . . . ❑ outside the United States.)
5 Address (number, street, and apt. or suite no.). See instructions.
109 N. IVY AVENUE, SUITE A
6 City, state, and ZIP code
MONROVIA, CA 91016
7 List account number(s) here (optional)
Kjo7M Taxpayer Identification Number (TIN)
Requester's name and address (optional)
Enter your TIN in the appropriate box. The TIN provided must match the name given on line 1 to avoid Social security number
backup withholding. For individuals, this is generally your social security number (SSN). However, for a
resident alien, sole proprietor, or disregarded entity, see the instructions for Part I, later. For other — —
entities, it is your employer identification number (EIN). If you do not have a number, see How to get a or
TIN, later.
Employer identification number
Note: If the account is in more than one name, see the instructions for line 1. See also What Name and
Number To Give the Requester for guidelines on whose number to enter. F874 - 1 4 1 1 9 1 1 3 6 1 9
Certification
Under penalties of perjury, I certify that:
1. The number shown on this form is my correct taxpayer identification number (or I am waiting for a number to be issued to me); and
2. 1 am not subject to backup withholding because (a) I am exempt from backup withholding, or (b) I have not been notified by the Internal Revenue
Service (IRS) that I am subject to backup withholding as a result of a failure to report all interest or dividends, or (c) the IRS has notified me that I am
no longer subject to backup withholding; and
3. 1 am a U.S. citizen or other U.S. person (defined below); and
4. The FATCA code(s) entered on this form (if any) indicating that I am exempt from FATCA reporting is correct.
Certification instructions. You must cross out item 2 above if you have been notified by the IRS that you are currently subject to backup withholding
because you have failed to report all interest and dividends on your tax return. For real estate transactions, item 2 does not apply. For mortgage interest paid,
acquisition or abandonment of secured property, cancellation of debt, contributions to an individual retirement arrangement (IRA), and, generally, payments
other than interest and dividends, you are not required to sign the certification, but you must provide your correct TIN. See the instructions for Part 11, later.
l
Sign Signature of
Here U.S. person I / Date January 1, 2026
General Instructions
Section references are to the Internal Revenue Code unless otherwise
noted.
Future developments. For the latest information about developments
related to Form W-9 and its instructions, such as legislation enacted
after they were published, go to www.irs.gov/FormW9.
What's New
Line 3a has been modified to clarify how a disregarded entity completes
this line. An LLC that is a disregarded entity should check the
appropriate box for the tax classification of its owner. Otherwise, it
should check the "LLC" box and enter its appropriate tax classification.
New line 3b has been added to this form. A flow-through entity is
required to complete this line to indicate that it has direct or indirect
foreign partners, owners, or beneficiaries when it provides the Form W-9
to another flow-through entity in which it has an ownership interest. This
change is intended to provide a flow-through entity with information
regarding the status of its indirect foreign partners, owners, or
beneficiaries, so that it can satisfy any applicable reporting
requirements. For example, a partnership that has any indirect foreign
partners may be required to complete Schedules K-2 and K-3. See the
Partnership Instructions for Schedules K-2 and K-3 (Form 1065).
Purpose of Form
An individual or entity (Form W-9 requester) who is required to file an
information return with the IRS is giving you this form because they
Cat. No. 10231X Form W-9 (Rev. 3-2024)