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RRA - Item 3A - Award of Contract to Replace Two Pool Heaters at Rosemead Pool ROSEMEAD REDEVELOPMENT AGENCY R. R- .A 8638 VALLEY BLVD..ROSEMEAD,CA 91770•(818)286-6671 •Telecopier 6163079218 TO: FRANK G. TRTPEPI, EXECUTIVE DIRECTOR FROM: MICHAEL D. BURBANK, DIRECTOR OF PARKS AND RECREATIO DATE: AUGUST 4, 1999 RE: AWARD OF CON PACT TO REPLACE TWO POOL HEA1 ERS AT ROSEMEAD POOL Bids were opened on Wednesday, August 4, 1999, to replace two Pool Heaters at Rosemead Pool with the following bid results: 1. Trans-Therm, Inc. S 47,883.00 2. 4-Con Engineering 5 59,833.00 3. California Commercial Pool 5 66,982.00 The bids came in higher than expected as staff budgeted 5 40,000.00 for this project. It is requested that the Aeency fund the difference, S 8,000.00, from it's unappropriated reserves for a total project cost of $48,000.00. Currently, staff is working with the Southern California Gas Company in a Rebate Program for the heaters in which we may get a rebate check from them in the amount of between 5 3,000.00 - S 5,000.00 since the new heaters fall within their efficiency standards. Therefore, the over additional cost to the Agency will be reduced by that amount. Attached for review is the Contractor's Bid Proposal Form Bid Bond and Contractor's Qualification Statement. RECOMMENDATION: It is recommended that the project be awarded to the low bidder, and that the Agency allocate an additional S 8,000.00 to provide for the Installation of the Pool Heaters. hAGENCi v 19°9Y AGENDA 07-n-66s doz/sb a,( ,� ub ITEM No. S BID PROPOSAL FORM City of Rosemead 8838 East Valley Boulevard Rosemead, California 91770 I have received the documents tided: Notice Inviting Bids, Instrjction to Bidders, Drawings/Specifications, Sub-Contractor's List, Contractor's Qualification Statement and Bid Proposal Form and Addendum a & m I have satisfied myself as to the Scope of Work and the condition of the sites. In submitting this proposal, I agree: i. To hold my bid open for sixty (60) calendar days from the date of this proposal. '-. To comply with the provisions of the Notice Inviting Bids, Instruction to Bidders, Specifications and Drawings. To furnish bonds and Insurance as noted in the Instruction to Bidders. To begin work within 10 working days after receiving the Notice to Proceed. S. All work shall be accomplished within (60) calendar days. 6. Owner will retain 10% of the incremental payments pending resolution of Notice of Completion. 7. I have completed and enclosed the Contractor's Qualification Statement and List of Sub- Contractors. S. To name the City of Rosemead as additional insured on the Insurance Certificate and list the Project Title on the Insurance Cerificate. I will provide all labor, materials, supplies and equipment and perform all the work as specified in these documents for the lump sum of: Forty-seven thousand. eight hundred eighty-three s 47,883 . 00 (Written Amountl Bye Trans-Therm Inc. Date: 8/4/99 Address: 466 E. Duarte Rd / Monrovia 91016 Street City Zip Code Telephone No:‘626) 310-0144 Contractor's Lic# 669867 jTST OF ST3CONTRAGTORS The following is a true and complem list showing the name and location of the. place of business Df each sunconLaror who will pen-form work or labor or reader s_'vice to the CONTnA CTOR in or about the in an amount in e>:c-ss of one-half of one _, �t (.05%) of tit CONTRACTORS total bid. (List the ?o:-..ion of fr e work width will b: done by each subcontr_,utor and list only DT:: ;iDCDDL,actor fo: __cn such ?onion). _ WORD?OR IONcT13CON>RACTOR'ti-nA.MEFa.ND3T75Tc,4SADDRLISS Electric Manning Electric - 471 S. Vermont Glendora, CA. 91741 Plumbing Nev Development - 5063 Klusman Ave Alta Loma, CA. 91730 Ii i BOND NC. CB31741 il BID OR PROPOSAL BOND KNOW ALL MEN BY THESE PRESENTS, that we Trans Therm. Inc I as PRINCIPAL, (hereinafter called the Principal), and National American Insurance Company 1 , a corporation duly organized under the State of Nebraska and authorized to transact I a general surety business in the State of CA as SURETY, (hereinafter called the Surety), are held firmly bound unto: I City of Rosemead I I as OBLIGEE, (hereinafter called the Obligee), in the sum equal to 1 0 % of the acomoanying bid of the Principal, not, however, in excess of Seven Thnus and & (In /11:10 dollars, (5 7, non on ), for me payment of wnicn sum well and truly to be made,the said Principal and the said Surety, bine ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents- ' THE CONDITIONS OF THIS OBLIGATION 15 SUCH,That,whereas the Principal has submitted or is about to submit to :he I Obligee a orocosal or tic, dated on or about the date mentioned below, for: (i) the performance of the designated work, or i2` m_ furnishing of the saecifiec goods,supplies or products, to-wit: Replacement of Pool Heaters Rosemead Pool I NOW. 7: EREFORE, if the Principal shall not legally withdraw said bid within or at the times permitted therefor,but shall i duly =OK! and enter into a written contract. with :ne Obligee, in acorcance with the terms of ;aid proposal or bid, or any amen:tent :hereof acoeotaole to :he Principal,within the time permi:ted therefor after suer.contract forms are presented to the P-mc::al for execution. should the Obligee award the Principal me said work or contract, or any pan thereof:and if the Il Principal mail jive bend or bonds for the faithful performance :hereof, and/or for payment for Iacor and materials going 1 II inert:o, as in the specifications or contracts provided:or if the Principal shall, in case of failure so to do, pay to the Obligee the aamaces which the Obligee mall have actually suffered by reason of such failure, not exceeding the penal sum of this tone. :nen :his ooligation shall oe null and void,otherwise to be and remain in full fare and virtue, I PRCVICEO, HOWEVER, :hat no action shall lie, or claim be enforced :hereunder, unless the award on the basis of said bid 1 shall have peen made within thirty (30) days after the formal opening of said bid, or within the time specified within the bid provisions, wnicnever tine shall be greater, and unless the Obligee hereunder shall give notice to Surety of said award at the time of notification to the Principal; and unless legal action to enforce any claim hereunder shall have been commenced within six Hsi months from the date of the formal opening of said bid. PSOV:DED, always, that :his Bond shall not be valid and binding upon the Surety unless accompanied by a Certified Copy I Il of a Power or Attorney authorizing :he undersigned Attorney-in-Fact to execute suu, a bone, the Serial ,Number upon whicn II Cooy of Power of Attorney ;hall correspond with the Bond Number se: out above. II Signer., sealed, and dated this 30th day of July la 4d Trans Therm, Inc.�qJ I 9Y ` ( - �l-X /-7 I�� Natio d Amerl iSutanCe Principal iii Il C m any j. y 3Y / l%//Llh - _ I James R. Olsen Attorney-•n-Fact J NATIONAL AMERICAN INSURANCE COMPANY POWER OF ATTORNEY OMAHA, NEBRASKA PRINCIPAL Trans Therm, Inc. EFFECTIVE DATE 7/30/99 466 F Ovarte Pci Mnnrnvia (°A 977111 .STREE-ADOPE4i OTC s >,_i OP POW. CONTRACT AMOUNT $70, 000. 00 AMOUNT OF BONDS 7, 000 .00 POWER NO. CB 31741 KNOW ALL MEN BY THESE PRESENTS: That the Nasional American Insurance Company,a corporation duly organized under the laws of the State of Nebraska.having its principal office in the city of Chandler,Oklahoma. pursuant to the following resolution.adopted by the Board of Directors of the said Company on the 8th day of July. 19S'. to wit: "Resolved. that auv officer of the Company shall have authority ib make. execute and deliver a Power of Attorney constituting as Attorney-in-Fac, such persons. firms, or corporations as may he selected from time to time. Be It Further Resolved, that the signature of an} officer end the Seal of the Company m v he affixed to ane such Power of Attorney or any certificate relating thereto by facsimile, and any such Power of PO tome,. or certificate hearing such facsimile signature of lacsimile seal shall he valid and binding upon the Company and any such powers so executed and certified by facsimile signature and facsimile seal shall be valid and binding upon the Company in the future with respect to any bond or undertaking to which it is attached," National Amcrlcan Insurance Company dots hereby make,constitute and appoint JAMES JL._OLSEN._ROPE RUSA M _CTCCOT TNT Stare of CA7 TFORNTA its true and lawful attorney(s)-in-fact. with full power and authority hereby conferred in its name. place and stead, Ip sign. execute. acknowledge and deliver in its behalf, and its act and deed, as follows: The obligation of the Company shall not exceed one million (S1p(ID,000.00) dollars. And to bind National American Insurance Company thereby as fully and to the same extent as if such bond or undertaking was signed by the duly authorized officer of the National American Insurance Company, and all the acts of said Attorney pursuant to the authority herein given, are hereby ratified and confirmed. IN WITNESS WHEREOF, the National American Insurance Company has caused (hese presents to he signed by any officer of the Company and its Corporate Seal to he hereto affixed. NATIONAL AMERICAN INSURANCE COMPANY Ce A i' o W. Breni LeCem Chvinnan&Chief ForNre Officer STATE OF OKLAHOMA ) SS: COUNTY OF LINCOLN ) On this 8th day of July.A.D. 1987.before me personally came W.Brent LaGere.I0 me known,who being by medal) sworn,did depose and say; that he resides in the County of Lincoln, State of Oklahoma: that he is the Chairman and Chief Executive Officer of the National American Insurance Company, the Corporation described in and which executed the above instrument; that he knows the seal of said c poralion;that the seal affixed to the said instrument is such corporate seal; that it was so affixed by order of the Board of Directors of said corporation and that he signed his name, thereto by like order. _rA) X 7-74 r;L(� ° NotaryPublic - � My ConeussiunExOircs AoL 31.2003 STATE OF OKLAHOMA I SS_ COUNTY OF LINCOLN I " ' I, the undersigned, Assistant Secretary of the National American Insurance Company. a Nebraska Corporation, DO HEREBY CER- TIFY that the foregoing and attached POWER OF ATTORNEY remains in full force. Signed and Sealed at the City of Chandler. Dated the 30th day of' 19 99 tJJuly , 01 'EA( l ° Winiforl t. xo-nemnnn. a,.i,i.nF ircerlan CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT No 5007 Uerer 1 State of California kCounty of Los Angeles R On July 30th, 1999 before me, S- Philips - Notary Public 1 1 DATE NAME,TRS OF OFFICER-E G.,'JANE DOE.NOTARY PUBLIC' personally appeared James R. Olsen 1 NAME1510F sIGNER151 k personally known to me - OR - ❑ proved to me on the basis of satisfactory evidence 1 to be the person(s) whose name(s) is/are 1 1 subscribed to the within instrument and ac- 1 knowledged to me that he/she/they executed 1 1 the same in his/her/their authorized 1 capacity(ies), and that by his/her/their 1 1 signature(s) on the instrument the person(s), ti it or the entity upon behalf of which the v -..1- -.'- person(s) acted, executed the instrument. 8 1 7 n s.c - r 1 1 _ WITNESS my�aand and official seal. 1 1 AIGNA ORE OF NOTARYG o OPTIONAL ig Though the data below is not required by law, it may prove valuable to persons relying on the document and could prevent 1 fraudulent reattachment of this form. 1 a` CAPACITY CLAIMED BY SIGNER DESCRIPTION OF ATTACHED DOCUMENT 1 ❑ INDIVIDUAL ❑ CORPORATE OFFICER Bid Bond t, S8TITLEOR TYPE OF DOCUMENT Tm lsl 1 ❑ PARTNER(S) ❑ LIMITED 1 ❑ GENERAL 3 - 1 ' ATTORNEY-IN-FACT NUMBER OF PAGES 11 1 L TRUSTEE(S) 1 1 ❑ GUARDIAN/CONSERVATOR _ OTHER: 7/30/99 0 1 DATE OF DOCUMENT 1 SIGNER IS REPRESENTING: 5 ,NAME OFPERSONIEI OR ENTITYRESI Trans Therm, Inc- 0 NAIC SIGNER(S) OTHER THAN NAMED ABOVE A ' .J, ©1993 NATIONAL NOTARY ASSOCIATION•B236 2emmet Ave..PO.Box 2184•Canoga Par.CA 91309-7184 P. ES AMERICAN INSTITUTE 0 F .A R C .. . T E r - y 4L Docwncit A305 Contractor's Qualification Statement 1986 EDITION This form is approved and recommended by The American Institute of Arclntees (ALA)and The Associated General Contractors of America(-GC)for use in cvah ax- ing the qualifications of contractors. No endorsement of the submitting pare Or verfxation of the 1771 OrMa11077 is made by the AIA or AGC • The Undersigned certifies under cam that the information provided herein is :rue and suffi- cieatiy complete so as not to be misleading. SCEM1 TED TO: City Clerk, City of Rosemead ADDRESS: 8838 East Vally Blvd. Rosemead, CA. 91770 E\IJT T ED Si: Conorauou \'s' - Trans-Therm Inc. ?=:mcshio - ADDRESS: 466 E. Duarte Road individual Monrovia, CA. 91016 PR1T CIRO_ OFFICE: Joint\'cntu:c Same Oster NA: E OF PROTECT Of appilcabiE): Replacement of Pool Heaters FE OP e.ORE ;;:ic sora;: form for each C!_sine.:ion of'Work): General Cons:ruction X V'aC X 'lambing Elcctr:ca O her (oie2C soacrfy) Cssyrph, 19C-. 1 ' 7'I94 by r_Lt . c, I-S\r w Yon-. Avcnur 6 \C<r]re Arm: 7g= I : ru. r,rlon re^O d coir E �(If .o Ic-t. S Ct n ul.vr ..:'.>ceio roz .I,�...- _ .. C-.:C .' rd Tall p:. ..� Io Icgy mnman o. ]OS: E T 13 05• iAC .:3'S 0 ?ICS 10\ _\T. !“••c• A ?xac t :E..; n w cs_`.A 410En y]1I CTo DC 2F nu. - A3D3-1936 1. ORGANIZATION I,I How many years has your organlation been in business as a COnt-aclor? 10 7.2 How many yea-s has your organization been in business under its present business nanic? 16 1.2.7 Under what ocher or former names has your organization operated? Heat Engineering & Supply Co. l.3 If your organization is a corporation, answer the following: 73.1 Date of incorporation: March 1 983 1.3.2 State of incorporation- California 1.3.3 President's name Harold L. Neal 75.4 Vice-president's name(s): Marilu P. Neal 3.5 S0Creu7yS name: Harold Neal 1.3.6 Treasurer's name: Harold Neal 1.4 1f your organization is a partnership, answer the following: 7.4.1 Date of organization: 1 4.2 Type of pannership (if appiicable): 1 4 3 Name(s) of general partner(s): 1.3 if your organization is individually owned, answer the following: 1.3.7 Dv¢ of organization 1.5.22 N2111e Uf owner: 0o UMcvr ASD5 ri A Tore S yuT - 44n4444 rIlITI?to lAIAY 0,017 VT?[ iiHCtl L 43 44:04X (RK04 V _. , u.c'r: c. ..,, A305-7986 2 • 1.6 If Ihr form of your urunizitiun is ocher than those iivted abrn'e. deocrihr ii and name the principals; 2. LICENSING 2.1 List jurisdictions and trade categories in which your organization is iegaily Qualified to do business, and indicate registration or license numbers, if applicable. California State . Contractors License 669862 • Plumbing Class C36. HVAC Class C20 _._ List jurisdictions in which your orcaniarion's panne ship or trade =r? is filed. State of California 3. EXPERIENCE 3.1 Lst the categories of work chat your organisation normally performs u'iri; is ou'r, forces. Sales and Installation of Heat Transfer Equipment a Claims sad Suitt- (if the answer TO any of:he questions below is yrs p]C_se :mach details_) _.2.1 ' .as your ureaniation ever failed to complete any work awarded to it' No 3.2 2 Are there any iudgmets. claims. arbitration proceedings or sues pending or outstanding v2,ainst your organisation Cr itv o:fico No _-_._ Has your oreani:auun tiled any haw suits or requested as-bastion with regard to construe- . tion contracts nrhin the !asr five rears? No yr'Min the last five tears. has any officer or principal of your toreanintion ever been :m oticer or principal of another organlznian when it failed to cumple.e a cun`Trualon contract?(Ifthe:inmrr s s. pitse x:ach tl.._:s i No iDO UM T 3O5 _ _ ♦Ve Kl "L- •. V:rti I. A305-1986 3 3 Ono separate sheet, list major construction projects your organization has in progress, giving the name of project, owner, architect. contract amount, percent complete and scheduled completion date. - 3.4.1 State total worth of work in progress and under contract: $910, 800 3.5 On a separate sheet, list the major projects your organization has compie rd in the past five years. giving the name of project, owner,architect, contract amount, date of completion and percentage of the cost of the work performed with your own forces. 35.1 Stam average annual amount of construction work performed during the past fire years: $290, 000 3.6 On a separate sheet, list the construction experience and present commitments of the key individ- uals of your organization. 4. REFERENCES • 4.1 Trade References: Marley Cooling Tower Company ( 714 ) 572-9100 500 Kraemer Blvd. , Suite 311 Brea, CA 92821 Menon Pipe Supply ( 626) 444-2661 1500 North Potrero Avenue South El Monte, CA 91733 American Industrial (847) 731 -1000 3905 Route 173 Zion, IL 60099 Super Radiator Coils ( 602) 257-9708 2610 S. 21st Street Phoenix, AZ 85034 Sank References: WELLS Fargo Bank 1511 - East Whittier Boulevard Whittier, CA 90603 Acct. No. 0608-043170 Sur 4.3.1 Name of Ponding company: National American Insurance Company d.3.2 Name and address of agent'. J.R. Olsen Bond 7407 Topanga Canyan Blvd. Canoga Park, CA. 91303 ALE DOCUMENT Aars . {.u.-n cl S yr Auer - - _uITM. - INNE ..IEFllla ATT\F OF inLI 'T 1 := a� a: .ci "vr�f �r- ..a... NEN: 1OPG S. FINANCING 5.1 Financial S:ntcment. 5. .1 Attach a Financia statement, preferably auricled, including your orcanial:iods !.nest balance sheet :ted income sutenienr showing the following items: Current Assets (ec., cash, joint venture accouns. accounts re aoie, nu:es receivable, accrued income. deposits, mmcria!s inveniory and prepaid expenses): Net Fixed Ass^a: Usher Asset: Current Liabilities (e.e..accounts niyvble, notes payable,accrued expenses.pro- . visionfor income sixes, advances, accrued salaries and accrued .Payroll taxes): Other Liabilities (c.d.. capital, Capital stock, authorized and outsundinc shares par V2h.ree. earned surplus and retained earnings). 5.].2 Name and address of firm pre-grind attached Financial stammcnt. and [lite thereof: Louis Nicholls, CPA, 2211 Hacienda Blvd. # 106B Hacienda Heights,CA 91745 -L3 is the att:achd financial statement for the identical t rzanitauon named on puce sine' Yes 5.1 a If not_ cxp!ain We relationship and Financial respon,sini]by of the organieu:in whose Financial statement is prurided (cg.. parent subsidiar'). 5.2 Will the nr_Fanizetion whose Financial su:cment is attached act = ^_uarantur of the contract for con- struction? Yes • JOCJMc ' h - is,: ,DF;JL Doe n n-_ ., y , _:., y vv.. , :M.-r I .c _m.,. 4305-1965 5 O. SIGNATURE 6 Datedet Monrovia this 30th day of 19 99 July Name of Oreantzotion: 7 �� Trans-Therm Br '/—Ll; ' `CJ `--Y Title President 5.2 M Harold L. Neal being duty sworn droos s and sacs That the infonration provided herein Is true and sufficiently complete so as not to be milleailing. _fr yrs Subscribed and sworn before-me this day of Ar c4.6-cc r 191 q Notary Public: lTG-art- ``-9e9- My Commission Ewires: GC-. .1 S' , J-o o-)- ��*"� DIANE BABCOCK N` ¢NDTAAY PUBLIEC1LAU3FOMMA 01 s � 5'�..comm EXP.00T 7�e,az •.` _ -, AO y G tl,I rj CAUTION: You should sion an original AIA document which has this caution printed in red. l,..I"_ �1 An original assures that chances will not be ooscured as may occur when documents are reproduced. AIL DOCUMENT L305 • CJ?TKkCTOF'S t$-_LACY 10]TA1 s ,:cT. bSC -DICKA• +IA, - _1JUC - 7L-E o; C '_ g I-.5 OI,), A-i t n.. v .c uNc O DmPun A305-7986 5 M LOUIS NICHOLLS 2211 HACIENDA BOULEVARD, SUITE 106-B CERTIFIED PUBLIC ACCOUNTANT HACIENDA HEIGHTS, CALIFORNIA 91 745 TELEPHONE (626) 961-4751 Trans-Therm, Inc. Monrovia, California I have compiled the accompanying balance sheet of Trans-Therm, Inc, as of December 31, 1998 and the related statement of income and retained earnings, general and administrative expenses and cash flows for the year then ended in accordance with Statements of Standards for Accounting and Review Services issued by the American Certified Public Accountants. The financial statements have been prepared on the percentage of completion basis. A compilation is limited to presenting in the form of financial statements information that is the representation of management. I have not audited or reviewed the accompanying financial statements and, accordingly, do not express an opinion or any other form of assurance on them. - tiff • M. Louis Nicholls Hacienda Heights, California February 2, 1999 TRANS-THERM, INC. BALANCE SHEET-PERCENTAGE OF COMPLETION BASIS DECEMBER 31, 1998 ASSETS Current Assets Cash $ 16,245 Accounts receivable 74,274 Costs plus earned income in excess of billings 73425 Total Current Assets 163,944 Property and Equipment Equipment 71,551 Building 227,448 Land 92,136 Accumulated depreciation - 79 028 Net Property and Equipment 312,107 Other Assets Deposits 14 782 Total Assets $ 490.833 Unaudited. See accompanying compilation report. TRANS-THERM, INC. LIABILITIES AND STOCKHOLDER'S EQUITY DECEMBER 31. 1998 Current Liabilities Accounts payable s 92,567 Accrued expenses 8,780 Credit line 10,968 Current portion - notes payable - 26 881 Total Current Liabilities 139,196 Noncurrent Liabilities Notes payable 205,385 Credit line 40,074 Loan payable- stockholder 29,110 Total Noncurrent Liabilities 274.569 Total Liabilities 413.765 Stockholder's Equity Capital stock 5,000 Retained earnings 72,068 Total Stockholder's Equity 77.068 Total Liabilities and Stockholder's Equity $ 490 833 Unaudited. See accompanying compilation report. TRANS-THERM, INC. STATEMENT OF INCOME-PERCENTAGE OF COMPLETION BASIS FOR THE YEAR ENDED DECEMBER 31, 1998 Income Sales $ 727.625 Cost of Sales Purchases 290,692 Sub-contract 47,546 Labor 58,525 Equipment rent 13,758 Freight 23,057 Outside service 8,984 Supplies 1.557 - Total Cost of Sales 444 119 Gross profit 283,506 General and Administrative 220,122 Operating Income 63,384 Other income and expense Rental income 3,120 Interest income 47 Interest expense - 25,535 Provision for taxes - 6 832 Total Other Income and Expense - 29 200 Net Income 34,184 Retained earnings, December 31, 1997 37,884 Retained earnings, December 31, 1998 $ 72,068 Unaudited. See accompanying compilation report. TRANS-THERM, INC. GENERAL AND ADMINISTRATIVE FOR THE YEAR ENDED DECEMBER 31 1998 Accounting $ 500 Advertising 2,964 Auto and truck 9,252 Depreciation 12,249 Insurance 19,072 License and fees 3,654 Office 6,231 Postage and printing 2,111 Professional fees 3,038 Promotion 2,292 Rent, equipment 5,499 Salaries 27,809 Salaries, officers 48,123 Security 11,195 Taxes 50,218 Telephone 8,001 Travel Utilities 4 3,7691 145 Total General and Administrative $ 770,172 Unaudited. See accompanying compilation report. TRANS-THERM, INC. STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 1998 CASH FLOWS FROM OPERATING ACTIVITIES: Net income $ 34,184 Adjustments to reconcile net income to cash provided by operating activities: - Depreciation $ 12,249 (Increase) decrease in: Accounts receivable 18,949 Costs plus earned income in excess Of billings 73,425 Prepaid expense 800 Loan receivable 3,476 Decrease (increase) in: Accounts payable 25,643 Accrued expense 5,327 Credit line 20,997 Net adjustments 13,896 Net cash provided Operating Activities 48,080 CASH FLOWS FROM INVESTING ACTIVITIES: Acquisition of fixed assets - net 10,613 CASH FLOWS FROM FINANCING ACTIVITIES: Reduction in long-term debt 17,813 Stockholder loan - adjusted 5.289 Net cash provided (used) by financing activities 33 715 NET INCREASE IN CASH 14,365 CASH AT BEGINNING OF YEAR, DECEMBER 31, 1997 1.880 CASH AT END OF YEAR, DECEMBER 31, 1998 $ 16,245 Trans-Therm Inc. Work In Progress July 31, 1999 Owner. Project. Architect Scheduled Completion Value %Complete Chatsworth Products 8/16/99 $32.000 90 Cooling Tower System None Pasadena Unified Schools 8/30/99 $272,800 80 HVAC Equipment Purchase PMA Architects Pasadena Unified Schools 12/1/99 $596.000 25 Norma Coombs School Mechanical Work PMA Architects Total Work In Progress&Under Contact.___.......___.._.._...............5910.800 Trans-Therm Inc. Completed Major Projects July 31, 1999 % Work Cost Owner. Project, Architect Completion Date Value by Trans-Therm City of Alhambra 12/11/92 511,800 100% Pool Heater Installation Aquatic Design Group - Sunkist Corporation 2/29/94 529,240 100% Cooling Tower Installation Marley Cooling Tower - CA Department of Transportation 5/23/94 533,937 75% Simons Railroad Undercrossing Pump Replacement Caltrans Pasadena City College 5/28/94 $38,681 100% Pool Heater Replacement Ruth Collins Southern California Edison 2/29/95 $35,613 100% Bane Substation Cooling Tower Replacement Marley Cooling Tower Pasadena Unified School District 3/15/95 5108,880 85% San Raphael&Administration Center Boiler Replacements Robert Powell CA Dept. of General Services 10/16/95 580,296 100% Fairview Develop. Center Hot Water Tank Replacement Office of State Architect CA Dept. of Transportation 5/6/96 $36.000 100% Vincent Thomas Bridge Fireline Repairs Caltrans U.S-Naw 10/14/97 $17,000 95% Seal Beach Naval Weapons Cooling Tower Replacement None American Products 12/4/97 $250.151 85% 600 Ton Cooling Tower System • Trans-Therm Design Build GKN Westland Corp. 4/1/98 $42.000 100% Cooling Tower System Trans-Therm Design Build Sandec Plastics 5/11/98 $28,600 95% Cooling Tower System None Arrowhead Brass Products 9/28/98 $29.664 95% Cooling Tower Replacement None City of Baldwin Park 11/24/98 $34,999 90% Cooling Tower Replacement none City of Long Beach 3/31/99 $40,000 95% Cooling Tower Replacement None Pasadena Unified School District 4/7/99 $35,240 90% Field Elementary Boiler Replacement Charles T.Bryant Pasadena Unified School District 6/3/99 $58,320 90% Blair High School Cooling Tower Replacement Charles T. Bryant CA Department of Transportation 7/1/99 $257,924 80% Cooling Tower Replacement Caltrans Trans-Therm Inc. Key Personnel Construction Division July 31, 1999 Harold "Lou"Neal-President. Lou has worked for Trans-Therm since 1989 in the construction end of the business. Before Trans-Therm he performed his undergraduate studies at Penn State University in Chemistry. After leaving Penn State in 1984 he moved to California where he worked for a large commercial plumbing firm as foreman until 1987 when he started Ventura Plumbing Co. Ventura Plumbing Company Received 90% of it's contracts from Trans-Therm between 1987 and 1989. In 1989 Ventura Plumbing Co. was sold and Lou came to work for Trans-Therm as Construction Manager. Marcel R. Lumowah-Project/Sales Manager. Marcel has worked for Trans-Therm for approximately one year managing major construction projects and bidding new work. Before Trans-Therm he performed his undergraduate studies at California State University in Mechanical Engineering. After leaving CSU he went to work for Otis Elevator as a Service Sales Manager from 1995 to 1998. Ignacio Diaz-Plumber/Pipefitter Foreman. Ignacio has worked for Trans-Therm approximately 3 years performing mechanical installations of boilers, heaters, cooling towers, pumps, etc. He is a hands-on foremen leading groups of subcontractors and tradesmen as big as 20 men. Before Trans-Therm he worked as a pipefitter for a large welding shop and has some schooling in Architecture. Ricardo Valle-Plumber/Pipefitter Foreman. Ricardo has worked for Trans-Therm approximately 1 year performing mechanical installations of boilers and cooling towers. Prior to Trans-Therm he started in the trade in 1990 as an apprentice and became a Journeyman Plumber in 1992 and has worked continuously in the trade since