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10. Bid Award Recommendation - Courtyard Apts ConstructionThe Courtyard Apartments T p Il U (� �Jllg Incorporated 1892 Planning, Economic & Community Development Department P.O. Box 1997 Kalispell, MT 59903-1997 TO: Larry Gallagher FROM: Susan Moyer June 6, 1994 248 Third Avenue East (406) 752- 7491 (406) 755-8017 (office fax) (406) 752-6639 (City Hall fax) SUBJECT: 6/6/94 Status Report - The Courtyard Apartments The bid opening for The Courtyard Apartments was held on Friday, May 271 1994. The bid amounts were as follows: Contractor Base Bid for Three Buildings Alternate #1 for Fourth Building Potential Total Construction Cost Per Unit Building Cost 24 Units Per Sq. Ft. Const. Cost for 4 Bld s. Per Unit Building Cost Units Greg Bain $1,348,000 $450,000 $1,798,000 $56,167 $67.60 $56,187 Hamerquist & Casalegno $1,157,801 $305,000 $1,462,801 $48,242 $55.00 $45,713 Swank $1,097,000 1 $310,000 1 $1,407,000 $45,708 1 $52.89 1 $43,969 Staff recommends City Council approve Swank Enterprise's base bid of $1,097,000 for site development and construction of Buildings 1, 2 and 3. The project was put out for bid in that manner with Building #4 as an "alternate." The reason for the alternate price was due to Northwest Montana Human Resource's "Supportive Services" grant not being awarded until August of this year and their deciding to seek permanent financing for the fourth building through Farmers Home Administration. The Courtyard Apartments June 6, 1994 Total Construction Costs of The Courtyard Apartments Individual Activity Total Project Cost City's Share NMHR's Share Site Development Split 50% & 50% $171,825 $85,913 $85,912 Brick & Mortar Construction for 3 Buildings Split 2/3's & 1/3 $925,175 $616,785 $308,390 Architectural & Engineering Fees $96,680 $96,680 $0 Reimbursable A&E Fees $11,126 $11,126 $0 Respective Totals $1,097,000 $810,504 $394,302 Note: While it appears that the City is paying the full amount of Architectural and Engineering expenses that is not really the case. The original intent was for the City to be reimbursed for half of the land value through with CDBG grant funds. The CDBG $80,000 would then be reinvested to fund part of the City's share of brick and mortar construction which CDBG. CDBG dollars are not eligible to be spent by the recipient on actual brick and mortar construction. The CDBG Staff in Helena was not comfortable with this proposal and negotiated a change in the preliminary budget. Thus clear, concise expenses such as Architectural and Engineering Fees, Sewer and Water Fees, etc. were allocated to be covered by the CDBG funds and the $80,000 land cost was assigned to NMHR to be paid out of their various funding sources. 2 The Courtyard Apartments June 6, 1994 Northwest Montana Human Resources Ability to Pay: Activity Activity Cost Source Amount Site Development $85,912 Home Grant $85,912 Home Grant $214,088 Brick & Mortar $308,390 DOC Match $45,000 City's Match for HOME Grant $50,000 Land/Lease Temporary Purchase $80,000 Shortfall $80,000 Total NMHR Share $474,302 $475,000 NMHR's sixteen -units are targeted to "homeless" individuals who are in need of transitional living arrangements. The intent on NMHR's part is to construct one of their two buildings debt free so it may be used as collateral in the permanent financing of the second building. They currently are negotiating with Farmers Home Administration for a 1%, fifty (50) year mortgage to construct the second building and to pay the $80,000 land value to the City. A method of raising the temporary $80,000 shortfall during the construction phase would be for the City to increase their construction loan by $40,000 and combine that amount with a CDBG $40,000 Certificate of Deposit held by Glacier Bank as "loan guarantee" funds on former bank -made rehabilitation loans. NMHR would then enter into a land lease with the City until such time as permanent financing or additional grant funds are available to pay off the land and to construct their second building. The land lease payment will equal the debt service plus coverage ratio. 3 The Courtyard Apartments June 6, 1994 City's Portion of the Project Activity Activity Cost Amount of Source Balance Source Site Development $85,912 $247,500 CDBG Grant $161,588 A&E Fees $96,680 CDBG Grant $64,908 A&E Reimbursable $11,126 CDBG Grant $53,782 Sewer & Water Hookup Fees $19,600 CDBG Grant $34,182 Construction: Insurance $2,350 CDBG Grant $31,832 Financing $7,230 CDBG Grant $24,602 Geotechnical Inspection & $1,500 CDBG Grant $23,102 Testing Brick and Mortar $300,000 Home Grant $-0- Construction $616,785 $271,000 MBH Loan $-0- $50,000 UDAG $4,215 Investment Land Value 16 Units Cash established Q $80,000 Due from $80,000 $5,000 per unit NMHR Yet to be Bid Estimated CDBG Bal. -0- Appliances $32,000 UDAG Bal. $75,317 Land $'s Yet to be Bid Estimated Purchase or Window $15,000 Lease $60,317 Treatment Contingency $60,317 Land $'s -0- Total City Funding & Construction Cost $948,500 $948,500 It is anticipated a change order for site excavation and compacted fill will more than likely occur. The City is retaining a geotechnical engineer to monitor the depth of digging and test the fill for density and compaction during the foundation C! The Courtyard Apartments June 6, 1994 construction phase of the project. Whatever remains of the contingency dollars could either: 1. Reduce the amount of the permanent financing; or 2. Neogitate a construction price for a laundry/storage facility. This was anticipated on the Conditional Use Permit, but not included in the bid packet because of concern for the total budget. Future Actions to be Taken: Staff is currently preparing a management contract as well as a land lease and promissory note to be entered into by the City and Northwest Montana Human. Resources. It is anticipated that these documents will be ready for the council's approval within a month. Northwest Montana Human Resources will perform the services of property management at no charge in return for the $50,000 UDAG investment the City provided on their behalf as a match for their $345,000 HOME grant funding. The council will be reqested to approve the documents used in the property management activities along with the actual management contract at a later date. M iheCit�ofKali, spell Incorporated 1892 Planning, Economic & Community Development Department P.O. Box 1997 Kalispell, MT 59903-1997 MEMORANDUM TO: Bruce Williams, City Manager FROM: Lawrence Gallagher, PECDD, Director DATE: June 2, 1994 248 Third Avenue East (406) 752- 7491 (406) 755-8017 (office fax) (406) 752-6639 (City Hall fax) SUBJECT: THE COURTYARD APARTMENTS - Construction Bid Award Recommendation Construction bids were opened for the Courtyard Apartments on May 27, 1994. The low bidder was: Swank Enterprises P.O. Box 10007 Kalispell, Montana 59904 A bid tabulation is included in the May 27, 1994, "Status Report" Memorandum from Susan Moyer, Housing Division Manager, attached hereto. In the Memorandum, Susan also discusses the need to subdivide the property now because of the way permanent financing for the project is evolving. From the inception, financing this project has demanded both innovation and flexibility on the part of both joint venture participants (The City of Kalispell/Northwest Montana Human Resources - NMHR). And, because NMHR is now shifting to a Farmers Home Administration (FmHA) 1 percent/30-year mortgage for permanent financing of its portion of the project, there is a need for a mortgage or security interest agreement separate from the City's ownership and financing agreement which will be with Glacier Bank/Montana Board of Housing. (See page 2 & 3 of Moyer's May 27, 1994 Memorandum for discussion of financing alternatives still being considered.) At the time of this writing, Architects Design Group and Susan Moyer are still working with the low bidder (Swank) to develop a detailed cost breakdown of the bid for the project elements which will be paid for by the City and those to be paid for by NMHR. I will have it available for distribution to the council by Monday. The cost breakdown will enable us to provide the Council with a breakdown of the low bid (use of funds) and source of funding. TIC E�JK nikf$i:0i Bruce Williams COURTYARD APARTMENTS/BID June 2, 1994 - Memorandum Page 2 To keep this project on schedule and assuming the bid breakout information will be available for Council and staff review prior to the meeting, I am asking that you include on the June 6, 1994, City Council Meeting Agenda a request to award the COURTYARD APARTMENTS bid to Swank Enterprises in the amount of $1,097,000. We will also discuss the bid Alternates in our written report prior to the meeting. Incorporated 1892 Planning, Economic & Community Development Department P.O. Box 1997 Kalispell, MT 59903-1997 TO: Lary Gallagher FROM: Susan Moyer SUBJECT: Status Report - The Courtyard Apartments 1. Need to Subdivide The Property: 248 Third Avenue East (406) 752- 7491 (406) 755-8017 (office fax) (406) 752-6639 (City Hall fax) May 27, 1994 The desire not to subdivide the 2.25 acres stemmed from having to go through an additional public hearing and notification of surrounding neighbors of the project site. The intent then was to create a 75 year lease with Northwest Montana Human Resources (NMHR) and use their funding source of $80,000 for rent and reinvestment by the City into the City's share of construction costs. The above method is complicated now by the need of each party to have permanent financing on their respective shares of the project. An example is: Glacier Bank, when doing the construction financing, will have to lien the entire project as well Montana Board of Housing when they take Glacier Bank out. Thus, in order for NMHR to obtain permanent financing through Farmers Home Administration (FmHA), a division of the land will have to take place so they can be in first place on the share of the project they are financing. I spoke with Brian Wood today regarding our need to start the subdivision process. We need to shoot for the August 9th Planning Board meeting, which means a July 8th deadline to submit the application. When Brian comes back on June 13, we'll sit down and figure out the set back requirements, etc. so we are in a position to give all the information to Smith Surveying. Brian feels it will be a simple matter for Smith to pull the surveying data out of his computer and that he won't need to make a field trip to the site. I was unable to reach Richard Smith to get a price quotation on what it will take to do the subdivision survey work. I will call first thing Tuesday morning. EW4l ✓gl15iW OPPORTUNITY 2. Project Construction Bids: Contractor Base Bid for Three Buildings Alternate #1 for Fourth Building Potential Total Construction Cost Per Unit Building Cost 24 Units Per Unit Building Cost 32 Units Gre Bain $1,348,000 $450,000 $1,798,000 56,167 T56,187 Hamerquist & Casale no $1,157,801 1 $305,000 1 $1,462,801 $48,242 $45,713 Swank $1,097,000 1 $310,000 1 $1,407,000 $45,708 $43,969 3. Northwest Montana Human Resources Plans: Farmers Home Administration (FmHA) will be providing a 1% interest, 30-year term permanent financing for NMHR. FmHA does not have the funds available this fiscal year to provide the financing for all 16 units; however, they have approximately $300,000 that can be used to finance whatever is necessary for completion of eight of the sixteen units and possible some foundation work on the other building. The Supportive Services $200,000 grant will not be awarded until the latter part of August of '94. It does not appear feasible that NMHR can get a grant contract signed and administration underway in time to fit into this construction season. However, once the respective costs are known, it might be feasible for them to at least get the foundation work on the fourth building done at the same time as the other foundation work is completed. If that should be a viable approach, the actual framing and activities on Building No. 4 could be done during the winter if they have their funding sources in place by then. NMHR needs to sit down with the winning contractor and ascertain a foundation cost for the fourth building. They then will be able to decide whether they have the funds necessary to take that route or if its in their best interest to wait until the entire funding for the fourth building is in place. 2. Project Budget: The general contractor is not in a position now to provide us with a project cost breakdown by individual items. Typically, a general contractor turns in his bid with a quote from one source and then continues to shop for lower prices till he must comply with a proceed order. Architects Design Group will encourage Dewey Swank to pull the project breakdown together as quickly as possible so that we may allocate costs to be covered through NMHR funds and what the City will owe. A simple way will be to: a Divide the site improvement costs 50-50. Ultimately, NMHR will be half owner of the site and the City the other half, so NMHR should share equally in total site development regardless of the square footage size of their two buildings. b. Break the construction costs of the foundations, shells and interiors into a 1 /3 and 2/3 basis or charge proportionally on the actual square footage of the buildings. This initially will make a higher per unit cost until the fourth building is completed. 94-108 PROPOSAL General Construction "THE COURTYARD" APARTMENT COMPLEX Kalispell , Montana Bid Date: May 27, 1994; 11:30 AM Local Time Gentlemen: The undersigned, having familiarized himself with the conditions of the work, and the Bidding Documents as prepared by Architects. Design Group agrees to provide all labor, equipment, materials, and services necessary to complete all work covered by the Contract Documents including all Addenda as follows: In submitting this Bid, we agree: To hold this Bid good for thirty (30) consecutive days beginning on the bid opening date. To pay the Owner, Liquidated damages, in the amount of two hundred fifity hundred Dollars($250.00) per day for non -completion of the project as further defined in the Supplementary General Conditions. BASE PROPOSAL: For the Base Bid described in the SPECIFICATIONS AND DRAWINGS, the lump sum of: woI Dollars ALTENRATE BID NO. 1: In accordance with "Description of Bid Items," and Specification Section 01030, "Alternates" and the Contrat Documents; ADD THE SUM OF - Dollars ALTENRATE BID NO. 2: In accordance with "Description of Bid Items," and Specification Section 01030, "Alternates" and the Contrat Documents; NC�DEDUCT THE SUM Dollars PROPOSAL for "The Courtyard" P.1 94-108 In accordance with Specification Section 01026, "Unit Prices." Item NO. 1: Additional Excavation and Provision of Structural Fill $�5±, ` .per cubic yard (in place.) Item NO. 2: Reduction in Excavation and Provision of Structural Fill $ :2 . Gala per cubic yard (in place.) This Contractor acknowledges the receipt of the following: ADDENDUM NO. One DATE 5/17/94 ADDENDUM NO. Two DATE 5/20/94 ADDENDUM NO. Three DATE 5/26/94 And, certifies that he is duly and regularly licensed contractor holding Montana State Public Contractor's License 2146 (number); A (class). FIRM NAME: Swank Enterprises ADDRESS: P. 0. Box 10007, Kalispell, MT 59904 PHONE: 752-5411 SIGNED: ►� CONTRACTORS SEAL End of Proposal PROPOSAL for "The Courtyard" P.2 94-108 PROPOSAL General Construction "THE COURTYARD" APARTMENT COMPLEX Kalispell , Montana Bid Date: May 27, 1994; 11:30 AM Local Time Gentlemen: The undersigned, having familiarized himself with the conditions of the work, and the Bidding Documents as prepared by Architects. Design Group agrees to provide all labor, equipment, materials, and services necessary to complete all work covered by the Contract Documents including all Addenda as follows: In submitting this Bid, we agree: To hold this Bid good for thirty (30) consecutive days beginning on the bid opening date. To pay the Owner, Liquidated damages, in the amount of two hundred fifity hundred Dollars($250.00) per day for non -completion of the project as further defined in the Supplementary General Conditions. BASE PRQPOSAL: For the Base Bid described in the SPECIFICATIONS AND DRAWINGS, the /Lt.,('�Dollars (s l ; c��► Tc ate' ) ALTENRATE BID NO, 1: In accordance with "Description of Bid Items," and Specification Section 01030, "Alternates" and the Contrat Documents; ADD THE SUM OF �j - Dollars ALTENRATE BID NO, 2: In accordance with "Description of Bid Items," and Specification Section 01030, "Alternates" and the Contrat Documents; DEDUCT THE SUM 0F'E5I i Y.- Tt/y JbQ) 166 - Dollars PROPOSAL for "The Courtyard" P.1 94-108 in accordance with Specification Section 01026, "Unit Prices." Item NO. 1: Additional Excavation and Provision of Structural Fill $ ­1c-) �= per cubic yard (in place.) Item NO. 2: Reduction in Excavation and Provision of Structural Fill $ -7 Go oer cubic yard (in place.) This Contractor acknowledges the receipt of the following: ADDENDUM NO. One DATE 5/17/94 ADDENDUM NO. Two DATE 5/20/94 ADDENDUM NO. Three DATE 5/26/94 And, certifies that he is duly and regularly licensed contractor holding Montana State Public Contractor's License 2146 (number); A (class). FIRM NAME: SWANK ENTERPRISES ADDRESS: P. O. Box 10007, Kalispell, MT 59904 PHONE: 752-5411 SIGNED:tQA.,�t/ �cwyK' End of Proposal CONTRACTORS SEAL 0 PROPOSAL for "The Courtyard" P.2 BONDS - INSURANCE • REAL ESTATE 800 NINTH STREET SOUTH. P.O. BOX 2009, GREAT FALLS, MT 59403 PHONE (406) 761-5000 FAX (406) 453-3946 TOLL FREE PHONES: IN MONTANA 800-823-2647 OUTSIDE MONTANA 800-735-6753 BID BOND Approved by The American Institute of Architects, A.I. A. Document A 310 Feb. 1970 Edition KNOW ALL MEN BY THESE PRESENTS, that we SWANK ENTERPRISES; P.O. BOX 10007• KALISPELL MONTANA 59904-0007 (Here insert full name and address or legal title of Contractor) as Principal, hereinafter called the Principal, and ST. PAUL FIRE & MARINE INSURANCE COMPANY; 385 WASHINGTON STREET; ST. PAUL, MINNESOTA 55102 a corporation duly organized under the laws of the State of MINNESOTA as Surety, hereinafter called the Surety, are held and firmly bound unto CITY OF KALISPELL; DRAWER 1997; KALISPELL, MONTANA 59901 (Here insert full name and address or legal title of Owner) as Obligee, hereinafter called the Obligee, in the sum of TEN PERCENT OF THE TOTAL AMOUNT BID ---------------------- --------------- Dollars($ ----- 10%----), for the payment of which sum well and truly to be made , the said Principal and the said Surety, bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents. .-WHEREAS, the Principal has submitted a bid for CONSTRUCTION OF A NEW APARTMENT COMPLEX "THE COURTYARD" AT 1842 AIRPORT ROAD KALISPELL MONTANA PROJECT # 94-19 NOW, THEREFORE, if the Obligee shall accept the bid of the Principal and the Principal shall enter into a Contract with the Obligee in accordance with the terms of such bid, and give such bond or bonds as may be specified in the bidding or Contract Documents with good and sufficient surety for the faithful performance of such Contract and for the prompt payment of labor and material furnished in the prosecution thereof, or in the event of the failure of the Principal to enter such Contract and give such bond or bonds, if the Principal shall pay to the Obligee the difference not to exceed the penalty hereof between the amount specified in said bid and such larger amount for which the Obligee may in good faith contract with another party to perform the Work covered by -said bid, then this obligation shall be null and void, otherwise to remain in full force and effect. Signed and sealed this 27TH day.of MAY 1994 SWANK ENTERPRISES (Principal (Seal) (Witness) (Title) COGSWELL AGENCY ST. PAUL FIRE & MARINE INSURANCE CO. I (Surety) (Seal) E.B. COGScELL, (Resident Agent) E.B. COGSWELL, (Atty-in-fact) Printed with the permission of The American Institute of Architects SERVING THE WEST SINCE 1937 ST. P`AUL FIRE AND MARINE INSURANCE COMPANY CERTIFICATE OF 385 Washington Street, St. Paul, Minnesota 55102 AUTHORITY NO. , • For venficairon of the authenticlty of this Power of Attorney, you may telephone toll free 1-800-421.3890 and ask for r CCI '(�` i� ` �j f 4 t Rhe Ppwerof Alto -ry*yM�let p`' Please refer tq thateriiftcate of Authority No. and the named individuat(s). I I � i, 1'r J t rr liJ.i1 "r�f ' r r ; ... .. .r '.� w. ♦. '' // {j��jj /j ,}t'" jj' GE R` P+� ER(�F ATTORNEY -CERTIFIED COPY i}`t� l 1 1i 4ill l��li�i5114t�'tilf y)�lt �Gri id pmfik.a# Home,pffice of Company. See Certification.) IfiN W }A[.LJ. BX', ITIIESE'PRESEi+ZTSJ'Yha k Pii'ly #ire and Marine Insurance Company, a corporation organized and existing under the laws of the State of 1tlrnnesora ' vi ns # in 1th Q}of:Sp Pnrrl, Minnesota, does hereby constitute and appoint tt Iairixz A. Darby, individually. .Fansi 'Nk�rltaa t rattgXS to? eaiecu),seslii IdeJivet;for and on :its be haif:as surety,. any and all bonds and undertakings, recognrzatrces, contracts of s� i i jloo`j�; {((hdi iuureitiieic {f iJuliiCh:aie pr,.ina 'be allowod,,required or.permitted by law, statute, rule, Tegulatton, contract or 4.{,r RCJI.Z,ARS ($So, 000, 000 ). EACH , j,� � 5•)}) �) � � 71j}));1;i�7i� 1�ii7i�?� ��1 ����?`11����7� � 1� '� ( }l.''���??� :'r , , t�c orsthese s bin¢ ,4pon sard,St Psut Fire and Marine Insurance Coln n us ful and ao t?4e 1}!' rnt; , su}xrr►}�+ p t?r$bJ'r 8 principal 1 y, IY k1 f the same 3raH been duly o c otfirled u re Marty elected officers.at its ci office , q! 1111}'!1}i}jlf}}r' ls, ; } � %, e (cute an Abe ertt . to and+iriaj�r itil k H; pri�rsuant'to and by audtoiity of Article 'V: Section 6(C). of the By4,aws adopted by flne'I are)toi ST.'PA j7L FIFE ANDFIA INE INSURAI��/,�, C 1�IIiAIiXlat aateetr called and held ar the 28th day of Apn1, 1978 of which the following t ( ((( r (+(ir(t 1'rf(r i i' ((('( rr(I ( (!(({ ('t((''i' 1 (, t r (r ( + is' It } } s)a�d,5 tillll t C"1`i}; 1i f(1� ?i}lllll ii(E11 �117`f ,iilt};1s'i! ice•.: �y ger Pam' ty •.,i, I'[esidettt, Assistant Vice President, Secre or �esvtce �errtei General Mara shall have power and author ' ; Attorneys in -fact; and to ;amthorizel tFreutlto etaecirxxsn behalf of,'the Company, and attach the Seal of the Company Thereto bonds and 'ntidertakulp�s; iecognriances, contrap[s pf tndemnrty Sand othe wntangs obligatory m the nature thereof, and ', ? I)ki) �', J rj J/ Tn.appomc aal Attoingys tit fact.;;ivh,oarej'heri )Almoraz(etdto ceimfy ro copes of .any power of attrnvey issued%m pursuiuce,4 this section 3nC�UC3Ily-Att11CB}WSOf`•f�l'''i'�'1`t*"�'�f1iaA��(` 4 �} t�,t94ii1�',4jtlii , }t,}{.•, \:it -':ti i 'i} t r.`1,'!if } rTq re{my a(v{ a. xxme'r (i' 1t�i'A �(J(4AttoineY-rn fagt and revoke the authority given hen " , ter,Ot;}}flifiif 1tkll�7 yi}i,i 1 !i �1 �, ;'1`" s.POwU_e_rofAftotTy'ta>gned arid$'� Son o£'the Board of Bisectors of said Company adopted\at a meeting duly called and held o th' 4f �a j /95/9 �I(11�417'l!0!j.![ I tl! I Y�`00 � ( .ow pre ties#gnasn } use l 0 81(ty tnay,be affixed Co any such power of attorney or any certificate relating thereto by anp(suci{j�dw acsimrle signattues ar facsimile seal shall be valid and binding upon, the Company and r �4`�PS�tc'! d 1 } Zt a seal shall be. valid and. binding upon the Company m the future with respect to t' r ��t .�, r, ire( d mine Insurance Company has caused this instrument to be sr ed and its corporate p Y gn tl�:; 5} i4 )tt� 't}�ie t�ranzeStidcj 3Q 9fNovember,!AD 1, , 1 (( t („ f'• „ t FAUL FIRE AND MARINE INSURANCE COMPANY ''(I (,( }rl(� U`1 •�� r , \ A *f f �!) .. .. - ) ••..'. . t t., r -' tit kw�i ' r TIJ (' uit rrO Somrtterle�r(� r (riil/I(,I((i(�,l �� �III!(� a/jj f ��� r�i ij� �1' r{11 MICFiAELB KE$G 'S �) 1' eCTetary .`.,�����1i�l ���; f ' J��}li���,f i (! t (, 1 On 1}; } ; {'( ,111111)� }� ��� i !?aY fit' t , i l ; f j l , ; _ } 1 I I'I `, . f 41 1 I ; r : ; . , 6cfore ,me Larne the individual who executed the preceding usstrumcm to me person tytknowjnt antl,; hemg ttyme duly'swom, sat¢ that he/she is ihe;thexein,descnbed andiaudtorized offic6r of St Paul Fire and Marine Insurance Company; that; the tseal; hti` tr;e¢ to said u' t}ment rs the Corporate Seal of sand Cnmpapy Ihi the said Corporate Seal and his/her signature were duly affixed by order of the Boaf4i Du xafsofsaidGointfany({ it t((' (\1(1i�111 t`0 ' ( t 'r!irf i V t( {' TESTIMQ2+T`1' WHEREOF i have hereunto set my hand and affixed my Official Seal, at the township of Bedminster, New Jersey, the o+aYrYtarftrSt8bbV�wnttClr.1{ S ()r/�i) J i�t(1( ti� 1 .� l }„!--r-.. �it , i}r V, „� LINDAS ,N Public, Middlesex, NJ Jr1771' '1 "�! r «�i �l ,, }1 !l:' `: My Commission Expires December16, 1996 t`i��r�`, C�rI T 14 ,,, �J�lll,f, .) ,. ,t..).,,,Ssl�,la�. `jrrider tgned pincer of Si! #'a Fire and Marine Insurance Company, do hereby certify that I have compared the foregoing copy of the Power of Attorney and affi �}tt and;drb cdpy off theSecttan of.the )3y`_ l►vis of said,Company as set forth in said Power of Attorney, with the ORIGINALS ON FILE IN THE HOME OFFI Q (i`HAID COMPANY acid that die saine'are correct transcripts thereof and of the whole of the said originals, and that the said Power of Attorney has not beefy' okeil gird >:$ now �(1 full fame and eff J J (�', {) ,� �I�ttt�`'� r. •'t i' , } 1 f IAI I BSTIMQI VVHFRfigF ]' have �rereunio set m hand this ) , Y - , , 19 94 ROY F. SEYMOUR, Asst. Secretary t I`� 4RrA� ffl• Jltl� � 11)�r v..lfiJ jj''IJ1r�i; ji}�j�l}' )jl, f)��fj I! 1 ;rr )111111f ,' (! -: (i f tl „'� ':. � . i( :,.:f •j 1 J /'� f r r,, ofAtmmey' itificats of t�Wtwn;lo pnnteif m redon the upper Tight corner is butdtng. Phonocopies carbon copies or men f are invalnd not bi iuin upon }Cqm ' 1}�)1?711)}}}})1)1)tnl} i},i'l��)})))ill)11)i1J))i!){�111,')}���lit}�}}}1 �,(, ;r ,,. t'• ,' T DIN EXCESS OF THE PENALTY AMOU T TATED ABO U VE IS TOTALLY VOID AND WITHOUT ANY VALIDITY. � ({1`r ����(� ��',��: �t�� t � 111 � •,si,4,s,, lfti lt1 ('i. ,'� } - �(�1 ! ,'