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ST9302-PR 980202 EVALUATION z~SSO CIATX~, REAL PROPERTY VALUATION AND CONSULTA~,ON JAMES W. CULLAR, JR., SRPA, SPA, SR/WA RICHARD N. BAKER, MAI 11615 FOREST CENTRAL DRIVE SUITE 205 DALLAS, TEXAS 75243-3917 (214) 553-1414 FAX (214) 553-1615 RIGHT OF WAY ACQUISITION CONSULTANTS RIGHT OF WAY ACQUISITION CONSULTANTS EVALUATION ASSOCIATES RIGHT OF WAY LAND RIGHTS APPIlakISAL AND CONSULTATION Administrati~,e Office 11615 Forest Central Drive, Suite 205 Dallas, Texas 75243-3917 (214) 553-1414 Fax (214) 553-1615 Field Office 1701 W. Northwest Highway Grapevine, Texas 76051 Metro (817) 329-5024 Evaluation Associates is a professional real estate consulting firm which offers a variety of real estate research, analysis, appraisal, and consulting services for political subdivisions within the state of Texas. We provide the lfighest quality and most credible written reports and support services in the form or2 Right of Way Land Rights Appraisal Impact Studies and Economic Studies Land Rights Acquisition and Relocation Consulting Insurance Replacement Cost Studies Condemnation Litigation Support Formed in 1985, our territory includes most of North Texas. Our excellent primary research and analysis skills have resulted in extensive experience and databases for all property types. Our comprehensive reports include all appropriate supporting data for the project. Other report types include limited scope abbreviated analysis which is appropriate for most multi-parcel ROW acquisition projects. Our Eminent Domain appraisal work complies with all applicable Texas laws and Federal guidelines and has been rated by land rights acquisition consultants as "the most concise and clearly written reports with the best exhibits in the Metroplex". Two appraisers with hnpeccable credentials, training, experience and professional reputations are the nucleus of the Evaluation Associates management team. James W. Cuilar Jr., SRA, SRPA, SR/WA has been an appraiser, manager, eminent domain specialist, and appraisal instructor in the D/FW metroplex for 25 years. Mr. Cullar is a highly regarded seasoned professional having appraised many properties throughout North Texas and the Metroplex. He is a Past President of the North Texas Chapter of the Appraisal Institute, the Region VIII Representative to the Appraisal Institute National Government Relations Committee, and is a Member of the National Board of Directors of the Appraisal Institute. He is a certified instructor of eminent domain valuation issues for the International Right of Way Association and an officer the North Texas Chapter of the IR/WA. He holds Texas State Certified - General TX # 1321322-G which is a licensing/certification level required under Texas law. Combined with the specialized training from the Appraisal Institute and the International Right of Way Association he holds all certifications and professional designations required and expected to distinguish him as an expert consultant in most real property valuation issues. Richard N. Baker, MAI, is a 12 year veteran who has valued many property types. He earned a BA in Economics and a BBA from SMU in Dallas and a MBA from Texas Tech University in Lubbock. Richard was awarded MAI designation in 1996. Mr. Baker has studied numerous property types during his distinguished career, and is a thorough and an accomplished valuation analyst. His professional contributions to the appraisal profession include his dedicated service to the North Texas Chapter MAI Admissions Committee. Under his direction, the Evaluation Associates Computerized Appraisal Management System efficiently generates reports and management information with precision and reliability. He has been exclusively associated with Evaluation Associates since 1987 and is a member of the management team. Richard is Texas State Certified - General TX #1322012- G and MAI # 10984. Following are the summarized professional qualifications of the Project Management Team and the responsible appraisal consultants for all work product performed by Evaluation Associates. 2 James W. Cullar, Jr., SRPA, SRA, SR/WA Qualifications and Professional Biography EDUCATION Graduate of North Texas State University, BBA 1967 All courses, demonstration appraisal reports, professional experience, and quality reviews required for the three professional designations awarded from 1969 to current time. PROFESSIONAL EXPERIENCE Founder and general manager of Evaluation Associates, a real property consulting and land rights acquisition firm, providing a variety of real property evaluation services for the financial market, public land rights acquiring agencies, and individuals seeking decision making information for mortgage lending, asset review, right of way land rights acquisition and related matters. Jim Cullar has qualified as an expert witness in county, state and federal courts in Dallas, Tarrant, Collin, Denton, Ellis, Grayson, and Travis Counties. Prior to founding Evaluation Associates, Jim was a lender and appraiser with a large financial institution; and later the chief appraiser with the Right of Way Division of the Dallas County Department of Public Works. He has been a self employed consultant since 1985. Jim stays current with industry change through reading, continuing education, teaching, forum discussion, and publication. PROFESSIONAL AFFILIATIONS The Appraisal Institute SRPA, SRA Member designation Officer and Director - North Texas Chapter (Dallas Area) Past President - North Texas Chapter 1995 National Government Relations Committee representing Texas and New Mexico Member National Board of Directors - 1997 - 1999 International Right of Way Association (IR/WA Region 2) SR/WA Designation Certified Instructor of.' Real Estate Appraisal Principles Income Approach to Valuation Appraisal of Partial Acquisition Easement Evaluation DFW Chapter 36 - Officer Dallas Board of Realtors (Institute Affiliate) Licensed Texas Real Estate Broker #142545 (inactive) State Certified General Texas Real Estate Appraiser - TX - 1321322 G RICHARD N. BAKER, MAI Qualifications and Professional Background EDUCATION Graduate of Texas Tech University, Masters of Business Administration, May 1985. Graduate of Southern Methodist University, Bachelor of Arts, Bachelor of Business Administration, May 1983 ACCREDITED APPRAISAL COURSES and SEMINARS Standards of Professional Practice (February 1994) Eminent Domain Seminar (May 1994) Understanding Limited Appraisal and Reporting Options (August 1994) Texas Property Tax Consulting Laws (March 1995) Real Estate Evaluations and the Appraisal Industry (April 1995) Focus on Preservation - In town Development (August 1995) Market Extractions - Income Properties (November 1995) The Impact of Mineral Rights and Oil and Gas Activities on Values (May 1996) Tomorrow's Appraiser (October 1996) Agricultural Land PROFESSIONAL EXPERIENCE Appraisal experience includes the analysis and preparation of comprehensive narrative appraisal reports, evaluating a variety of interests in numerous property types including multi-family residential, industrial, office, retail, rural and urban land, special purpose properties, right-of-way land rights acquisition matters, and related consultation issues. Appraisal work product has been accepted and utilized for mortgage lending, estate tax planning and settlement, property exchange, corporate management decisions and partial taking just compensation analysis by eminent domain acquiring agencies. PROFESSIONAL DESIGNATIONS and AFFILIATIONS MAI - The Appraisal Institute #10984 State Certified Real Estate Appraiser-General #1322012-G Texas Real Estate Salesman - Inactive 4 REPRESENTATIVE CLIENT SUMMARY - PUBLIC AGENCY GROUP Agency: Person to Contact: Address: Services Rendered: CITY OF COLLEYVILLE Jim Foster, Director of Public Works (817) 281-4044 Troy Gray, Engineering Tech - Land Rights 5400 Bransford Road, Colleyville, Texas 76034 Pool Road Right of Way Appraisal - and others Agency: Person to Contact: Address: Services Rendered: COLLIN COUNTY Ruben Delgado, Asst. Director of Public Works/Engineering (214) 548-3728 700A W. Wilmeth Road, McKinney, Texas 75069 FM 544 Right of Way Appraisal - and others Agency: Person to Contact: Address: Services Rendered: C1TY OF COPPELL Chad Beach, Tax Assessor Collector Jim Ragsdill, Purchsing P.O. Box 478, Coppell, Texas 75019 Denton Tap Road Thoroughfare Enhancement Studies, Land Rights Acquisition Consultation, Expert Witness Testimony, City owned facilities insurance valuations. Agency: Person to Contact: Address: Services Rendered: DALLAS COUNTY DEPARTMENT OF PUBLIC WORKS Property Division Bill Cope, Chief Appraiser, (214) 653-6400 411 Elm Street, 5th Floor, Dallas, Texas 75202 Real Property Valuation and Expert Witness Testimony for vVarious Projects Agency: Person to Contact: Address: Services Rendered: DALLAS AREA RAPID TRANSIT (DART) Mike Shaw, Review Appraiser (214) 749-2918 1401 Pacific Avenue, Dallas, Texas 75202 ROW Appraisal for whole property acquisition or lease on various projects Agency: Person to Contact: Address: Services Rendered: CITY OF FARMERS BRANCH Jerry Murawski, City Engineer (214) 247-3131 P.O. Box 819010, Farmers Branch, Texas 75381-9010 Real Property Valuation and Expert Testimony, Midway Road, Bee Street, Denton Road/Rossford Right of Way Appraisal, Gillis Road Water Tower site, Land Rights Acquisition and Relocation Assistance Consultation, Expert Witness Testimony, various others Agency: Person to Contact: Address: Services Rendered: CITY OF GRAPEVINE Jerry Hodge, Director of Public Works, (817) 481-0372 Stan Laster, P.E., Asst. Mgr. Of Engineering Bob Price, P.E., Senior Engineer P.O. Box 729, Grapevine, Texas 76051 Wm. B, Tate Thoroughfare Project/Paving Enhancement Studies, Dallas Road, Dooley Road, Mustang Road, Pool Road Right of Way Appraisal, Pool Road ROW Land Rights Acquisition Agency: Person to Contact: Address: Services Rendered: CITY OF KELLER Lyle Dresher, City Manager, (817) 431-1517 L. Stanton Lowry, City Attorney, (214) 259-7002 Mike Barnes, P.E., Director of Public Works, (817) 431-1055 P. O. Box 770, Keller, Texas 76244 Johnson Road, Pearson Rd, Right of Way Appraisal Agency: Person to Contact: Address: Services Rendered: CITY OF SOUTHLAKE Curtis Hawk, City Manager, (817) 481-5581 Robert Whitehead, P.E. (817) 481-5581 ,ext. 240 667 No. Carroll Avenue, Southlake, Texas 76092 Water Storage Tank Surrounding Land Value Impact Study - Pearson Road Agency: Person to Contact: Address: Services Rendered: TEXAS DEPARTMENT OF TRANSPORTATION Jim Rowe, Chief ROW Appraiser, (817) 292-6510 P.O. Box 6868-0868, Ft. Worth, Texas 76115-0868 Right of Way Appraisal through Local Public Agencies Agency: Person to Contact: Address: Services Rendered: TEXAS DEPARTMENT OF TRANSPORTATION Terry L. May, P.E., District ROW Engineer, (214) 320-6264 3650 N. Buckner Blvd., #102, Dallas, Texas 75228 Right of Way Appraisal and Related Testimony SH 114 Denton County, and various Local Public Agencies Agency: Person to Contact: Address: Services Rendered: TRINITY RIVER AUTHORITY OF TEXAS James R. Lucas, Manager Land Rights, (817) 467-4343 5300 South Collins, Arlington, Texas 76004 Real Property Valuation and Expert Witness Testimony Agency: Person to Contact: Address: Services Rendered: CITY OF WATAUGA Dale Cheatham, Acting City Manager, (817) 281-8047 7101 Whitley Road, Watauga, Texas 76148 Singing Hills Creek Channel Right of Way Appraisal and Land Rights Acquisition Services for Corps of Engineers Federal Funds Project, North Star Drive, and other locally sponsored projects. 6 REPRESENTATIVE CLIENT SUMMARY - ATTORNEY GROUP Firm: Type Business: Person to Contact: Address: Services Rendered: BOYLE & LOWRY Legal Services John Boyle, Stan Lowry, Matthew Boyle (972) 650-7000 4201 Wingren Drive -//108, Irving, Texas 75062-2763 Various Rights of Way and Real Estate Valuation Expert Witness Testimony Firm: Type Business: Person to Contact: Address: Services Rendered: SALLINGER NICHOLS JACKSON KIRK & DILLARD Legal Services Larry Jackson (214) 954-3333 1800 Lincoln Plaza, Dallas, Texas Denton Tap Road Thoroughfare/Paving Enhancement Project and related Expert Witness Testimony Firm: Type of' Business: Person to Contact: Address: Services Rendered: EVAN GANDY DANIEL and MOORE Legal Services Mark Daniel (817) 332-3822 115 West 2nd Street - 202 Sundance Square, Ft. Worth, Texas 76102 Singing Hills Right of Way Valuation Expert Witness Testimony, and other appraisal and land rights acquisition consultations. Type Business: Person to Contact: Address: Services Rendered: KIRK, GRIFFIN and MELTON Legal Services John Griffin (214) 954-1250; Fax (214) 954-0559 3250 Lincoln Plaza, 500 N. Akard, Dallas, Texas 75201 Reindeer Road Right of Way Valuation Expert Witness Testimony Firm: Type Business: Person to Contact: Address: Services Rendered: DALLAS COUNTY DISTRICT ATTORNEY Legal Services Carolyn Hurt, Asst. D.A. (214) 653-6400 411 Elm Street, 5th Floor, Dallas, Texas 75202 Real Estate Valuation Expert Testimony Firm: Type Business: Person to Contact: Address: Services Rendered: ABERNATHY, ROEDER, ROBERTSON, AND JOPLIN PC Legal Services Robert Roeder, Attorney, (214) 542-0387 101 E. Davis Street, McKinney, Texas 75069 Real Estate Valuation Expert Witness Testimony REPRESENTATIVE CLIENT SUMMARY - LENDING/ASSET MANAGEMENT GROUP Firm: Person to Contact: Address: Services Rendered: FDIC-DALLAS CONSOLIDATED OFFICE Scott Daggett, Appraisal Procurement (214) 385-3746 5080 Spectrum Drive, Suite 1000E, Dallas, Texas 75248 Real Property Appraisal - Variety of Property Types Firm: Type Business: Person to Contact: Address: Services Rendered: BANK ONE, TEXAS, NA Banking and Related Financial Services Jerry Massengale, Appraisal Officer (214) 290-2393 P. O. Box 655415, Dallas, Texas 76265-5415 Real Property Appraisal - Variety of Property Types Firm: Type Business: Person to Contact: Address: Services Rendered: BROVONT PROPERTIES Real Estate Developer/Manager Glen Brovont, Owner, (214) 553-5531 11615 Forest Central Drive, Dallas, Texas 75243 Real property appraisals of multi-family developments and mid-rise office buildings Firm: Type Business: Person to Contact: Address: Services Rendered: TEXAS COMMERCE BANCSHARES, INC. Real Estate Mortgage Loans Larry S. Conley, MAI, SRA, Vice President 1 (817) 656-6779 P.O. Box 337, Hurst, Texas 76053 Real Property Appraisal - Variety of Property Types Firm: Type Business: Person to Contact: Address: Services Rendered: THOMPSON & THOMAS Real Estate Attorney Mike Thomas, Atty, (806)762-5216 1208 14th Street, Lubbock, Texas 79401 Real property appraisals of restaurants Firm: Type Business: Person to Contact: Address: Services Rendered: FIRST NATIONAL BANK Real Estate Mortgage Loans Drew Anderson or Row Thompson, Vice Preside0t 1 (806) 765-8861 1500 Broadway, Lubbock, Texas 79408 Real Property Appraisal - Restaurants James W. Cullar Jr., SRA, SRPA, SR/WA has been an appraiser, manager, eminent domain specialist, and appraisal instructor in the D/FW metroplex for 25 years. Mr. Cullar is a highly regarded seasoned professional having appraised many properties throughout North Texas and the Metroplex. He is a Past President of the North Texas Chapter of the Appraisal Institute, the Region VIII Representative to the Appraisal Institute National Government Relations Committee, and is a Member of the National Board of Directors of the Appraisal Institute. He is a certified instructor of eminent domain valuation issues for the International Right of Way Association and an officer the North Texas Chapter oftbe IR/WA. He holds Texas State Certified - General TX #1321322-G which is a licensing/certification level required under Texas law. Combined with the specialized training from the Appraisal Institute and the International Right of Way Association he holds all certifications and professional designations required and expected to distinguish him as an expert consultant in most real property valuation issues. Richard N. Baker, MAI, is a 12 year veteran who has valued many property types. He earned a BA in Economics and a BBA fi'om SMU in Dallas and a MBA from Texas Tech University in Lubbock. Richard was awarded MAI designation in 1996. Mr. Baker has studied numerous property types during his distinguished career, and is a thorough and an accomplished valuation analyst. His professional contributions to the appraisal profession include his dedicated service to the North Texas Chapter MAI Admissions Committee. Under his direction, the Evaluation Associates Computerized Appraisal Management System efficiently generates reports and management information with precision and reliability. He has been exclusively associated with Evaluation Associates since 1987 and is a member of the management team. Richard is Texas State Certified - General TX #1322012- G and MAI # 10984. Following are the summarized professional qualifications of the Project Management Team and the responsible appraisal consultants for all work product performed by Evaluation Associates. 2