<PAGE>
EXHIBIT 10.7
<PAGE>
STANDARD FORM OF AGREEMENT BETWEEN OWNER AND
CONTRACTOR WHERE THE BASIS OF PAYMENT IS A STIPULATED SUM
AIA DOCUMENT A101-1997
1997 EDITION-ELECTRONIC FORMAT
--------------------------------------------------------------------------------
THIS DOCUMENT HAS IMPORTANT LEGAL CONSEQUENCES. CONSULTATION WITH AN ATTORNEY IS
ENCOURAGED WITH RESPECT TO ITS COMPLETION OR MODIFICATION. AUTHENTICATION OF
THIS ELECTRONICALLY DRAFTED AIA DOCUMENT MAY BE MADE BY USING AIA DOCUMENT D401
AIA Document A201-1997, General Conditions of the Contract for Construction, is
adopted in this document by reference. Do not use with other general conditions
unless this document is modified.
This document has been approved and endorsed by The Associated General
Contractors of America.
Copyright 1915, 1918, 1925, 1937, 1951, 1958, 1961, 1963, 1967, 1974, 1977,
1987, 0 1997 by The American Institute of Architects. Reproduction of the
material herein or substantial quotation of its provisions without written
permission of the AIA violates the copyright laws of the United States and will
subject the violator to legal prosecution.
--------------------------------------------------------------------------------
AGREEMENT made as of the 10th day of December in the year of Nineteen
Ninety-Nine (IN WORDS, INDICATE DAY, MONTH AND YEAR)
BETWEEN the Owner: VALLEY COMMUNITY BANCSHARES, INC.
(NAME, ADDRESS AND OTHER INFORMATION) 1307 EAST MAIN
PUYALLUP, WA 98372
and the Contractor BOB PEARSON CONSTRUCTION, INC.
(NAME, ADDRESS AND OTHER INFORMATION) 1407 Willow Road East
Tacoma, WA 98424
The Project is: Valley Bank
(NAME AND LOCATION) AUBURN MARKETPLACE PAD "L" AND BANK PAD
"D" STREET NORTHEAST AND TENTH STREET
NORTHEAST
AUBURN, WA
The Architect is: AUSTIN CINA
(NAME, ADDRESS AND OTHER INFO.) 12202 PACIFIC AVE., SUITE C
Tacoma, WA 98444
The Owner and Contractor agree as follows.
ARTICLE 1 THE CONTRACT DOCUMENTS
The Contract Documents consist of this Agreement, Conditions of the
Contract (General, Supplementary and other Conditions), Drawings,
Specifications, Addenda issued prior to execution of this Agreement,
other documents listed in this Agreement and Modifications issued after
execution of this Agreement; these form the Contract, and are as fully a
part of the Contract as if attached to this Agreement or repeated
herein. The Contract represents the entire and integrated agreement
between the parties hereto and supersedes prior negotiations,
representations or agreements, either written or oral. An enumeration of
the Contract Documents, other than Modifications, appears in Article 8.
--------------------------------------------------------------------------------
AIA DOCUMENT A101 - OWNER - CONTRACTOR AGREEMENT - 1997 EDITION - AIA -
COPYRIGHT 1997 - THE AMERICAN INSTITUTE OF ARCHITECTS, 1735 NEW YORK AVENUE
N.W., WASHINGTON, D.C. 20006-5292. WARNING: Unlicensed photocopying violates
U.S. copyright laws and will subject the violator to legal prosecution. This
document was electronically produced with permission of the AIA and can be
reproduced without violation until the date of expiration as noted below.
Electronic Format AIO1-1997
User Document: 97AIOLCON -- 11/18/1998. AIA License Number 109607, which
expires on 6/30/1999 -- Page #1
<PAGE>
STANDARD FORM OF AGREEMENT BETWEEN OWNER AND
CONTRACTOR WHERE THE BASIS OF PAYMENT IS A STIPULATED SUM
AIA DOCUMENT A101 01-1997
1997 EDITION-ELECTRONIC, FORMAT
-------------------------------------------------------------------------------
THIS DOCUMENT HAS IMPORTANT LEGAL CONSEQUENCES, CONSULTATION WITH AN ATTORNEY
IS ENCOURAGED WITH RESPECT TO ITS COMPLETION OR MODIFICATION. AUTHENTICATION
OF THIS ELECTRONICALLY DRAFTED AIA DOCUMENT MAY BE MADE BY USING AIA DOCUMENT
D401
AIA Document A201-1997, General Conditions of the Contract for Construction, is
adopted in this document by reference. Do not use with other general conditions
unless this document is modified.
This document has been approved and endorsed by The Associated General
Contractors of America
Copyright 1915, 1918, 1925, 1937, 1951, 1958, 1961, 1963, 1967, 1974, 1977,
1987, 0 1997 by The American Institute of Architects. Reproduction of the
material herein or substantial quotation of its provisions without written
permission of the AIA violates the copyright laws of the United States and will
subject the violator to legal prosecution.
--------------------------------------------------------------------------------
AGREEMENT MADE AS of the 10th day of December in the year of Nineteen
Ninety-Nine (IN WORDS, INDICATE DAY, MONTH AND YEAR)
BETWEEN the Owner: PUYALLUP VALLEY BANK
(NAME, ADDRESS AND OTHER INFORMATION) 1525 "A" STREET NE
AUBURN, WA 98071-1816
and the Contractor BOB PEARSON CONSTRUCTION, INC.
(NAME, ADDRESS AND OTHER INFORMATION) 1407 Willow Road East
Tacoma, WA 98424
The Project is: Valley Bank
(NAME AND LOCATION) AUBURN MARKETPLACE PAD "L" AND BANK PAD
"D" STREET NORTHEAST AND TENTH STREET
NORTHEAST
AUBURN, WA
The Architect is: AUSTIN CINA
(NAME, ADDRESS AND OTHER INFO.) 12202 PACIFIC AVE., SUITE C
Tacoma, WA 98444
The Owner and Contractor agree as follows.
ARTICLE I THE CONTRACT DOCUMENTS
The Contract Documents consist of this Agreement, Conditions of the
Contract (General, Supplementary and other Conditions), Drawings,
Specifications, Addenda issued prior to execution of this Agreement,
other documents listed in this Agreement and Modifications issued after
execution of this Agreement; these form the Contract, and are as fully a
part of the Contract as if attached to this Agreement or repeated
herein. The Contract represents the entire and integrated agreement
between the parties hereto and supersedes prior negotiations,
representations or agreements, either written or oral. An enumeration of
the Contract Documents, other than Modifications, appears in Article 8.
-------------------------------------------------------------------------------
AIA DOCUMENT A101 - OWNER - CONTRACTOR AGREEMENT - 1997 EDITION - AIA -
COPYRIGHT 1997 - THE AMERICAN INSTITUTE OF ARCHITECTS, 1735 NEW YORK AVENUE
N.W., WASHINGTON, D.C. 20006-5292. WARNING: Unlicensed photocopying violates
U.S. copyright laws and will subject the violator to legal prosecution. This
document was electronically produced with permission of the AIA and can be
reproduced without violation until the date of expiration as noted below.
Electronic Format AIO1-1997
User Document: 97AIOLCON -- 11/18/1998. AIA License Number 109607, which
expires on 6/30/1999 -- Page #1
<PAGE>
ARTICLE 2 THE WORK OF THIS CONTRACT
The Contractor shall fully execute the Work described in the Contract
Documents, except to the extent specifically indicated in the Contract
Documents to be the responsibility of others.
ARTICLE 3 DATE OF COMMENCEMENT AND SUBSTANTIAL COMPLETION
3.1 The date of commencement of the Work shall be the date of this
Agreement unless a different date is stated below or provision is made for
the date to be fixed in a notice to proceed issued by the Owner. (INSERT
THE DATE OF COMMENCEMENT IF IT DIFFERS FROM THE DATE OF THIS AGREEMENT OR,
INAPPLICABLE, STATE THAT THE DATE WILL BE FIXED IN A NOTICE TO PROCEED.)
If, prior to the commencement of the Work, the Owner requires time to file
mortgages, mechanic's liens and other security interests, the Owner's time
requirement shall be as follows:
3.2 The Contract Time shall be measured from the date of commencement.
3.3 The Contractor shall achieve Substantial Completion of the entire Work
not later than One hundred fifty days (150) days from the date of
commencement, or as follows:
(INSERT NUMBER OF CALENDAR DAYS. ALTERNATIVELY, A CALENDAR DATE MAY BE
USED WHEN COORDINATED WITH THE DATE OF COMMENCEMENT. UNLESS STATED
ELSEWHERE IN THE CONTRACT DOCUMENTS, INSERT ANY REQUIREMENTS FOR EARLIER
SUBSTANTIAL COMPLETION OF CERTAIN PORTIONS OF THE WORK.)
From date of pre-construction meeting with City of Auburn, subject to
adjustments of this Contract Time as provided in the Contract Documents.
(INSERT PROVISIONS, IF ANY, FOR LIQUIDATED DAMAGES RELATING TO FAILURE
TO COMPLETE ON TIME OR FOR BONUS PAYMENTS FOR EARLY COMPLETION OF THE
WORK.)
ARTICLE 4 CONTRACT SUM
4.1 The Owner shall pay the Contractor the Contract Sum in current funds
for the Contractor's performance of the Contract. The Contract Sum shall be
Eight Hundred Ninety Two Thousand Four Hundred Fifty Dollars ($892,450.00),
subject to additions and deductions as provided in the Contract Documents.
4.2 The Contract Sum is based upon the following alternates, if any, which
are described in the Contract Documents and are hereby accepted by the
Owner:
(STATE THE NUMBERS OR OTHER IDENTIFICATION OF ACCEPTED ALTERNATES. IF
DECISIONS ON OTHER ALTERNATES ARE TO BE MADE BY THE OWNER SUBSEQUENT TO THE
EXECUTION of THIS AGREEMENT, ATTACH A SCHEDULE OF SUCH OTHER ALTERNATES
SHOWING THE AMOUNT FOR EACH AND THE DATE WHEN THAT AMOUNT EXPIRES)
Alternate HVAC system (See attached Exhibit "B")
4.3 Unit prices, if any, are as follows
ARTICLE 5 PAYMENTS
5.1 PROGRESS PAYMENTS
5.1.1 Based upon Applications for Payment submitted to the Architect by
the Contractor and Certificates for Payment issued by the Architect,
the Owner shall make progress payments on account of the Contract Sum
to the Contractor as provided below and elsewhere in the Contract
Documents.
5.1.2 The period covered by each Application for Payment shall be one
calendar month ending on the last day of the month, or as follows:
5.1.3 Provided that an Application for Payment is received by the
Architect not later than the last day of a month, the Owner shall make
payment to the Contractor not later than the 10th day of the
following month. If an Application for Payment is received by the
Architect after the application date fixed above, payment shall be made
by the Owner not later than 10 days after the Architect receives the
Application for Payment.
-------------------------------------------------------------------------------
AIA DOCUMENT A101 - OWNER - CONTRACTOR AGREEMENT - 1997 EDITION - AIA -
COPYRIGHT 1997 - THE AMERICAN INSTITUTE OF ARCHITECTS, 1735 NEW YORK AVENUE
N.W., WASHINGTON, D.C. 20006-5292. WARNING: Unlicensed photocopying violates
U.S. copyright laws and will subject the violator to legal prosecution. This
document was electronically produced with permission of the AIA and can be
reproduced without violation until the date of expiration as noted below.
Electronic Format AIO1-1997
User Document: 97AIOLCON -- 11/18/1998. AIA License Number 109607, which
expires on 6/30/1999 -- Page #2
<PAGE>
5.1.4 Each Application for Payment shall be based on the most recent
schedule of values submitted by the Contractor in accordance with the
Contract Documents. The schedule of values shall allocate the entire
Contract Sum among the various portions of the Work. The schedule of
values shall be prepared in such for in and supported by such data to
substantiate its accuracy as the Architect may require. This schedule,
unless objected to by the Architect, shall be used as a basis for
reviewing the Contractor's Applications for Payment.
5.1.5 Applications for Payment shall indicate the percentage of
completion of each portion of the Work as of the end of the period
covered by the Application for Payment.
5.1.6 Subject to other provisions of the Contract Documents, the amount
of each progress payment shall be computed as follows:
.1 Take that portion of the Contract Sum properly
allocable to completed Work as determined by
multiplying the percentage completion of each portion
of the Work by the share of the Contract Sum
allocated to that portion of the Work in the schedule
of values, less retainage of percent (5%). Pending
final determination of cost to the Owner of changes
in the Work, amounts not in dispute shall be included
as provided in Subparagraph 7.3.8 of AIA Document
A201-1997;
.2 Add that portion of the Contract Sum properly
allocable to materials and equipment delivered and
suitably stored at the site for subsequent
incorporation in the completed construction (or, if
approved in advance by the Owner, suitably stored off
the site at a location agreed upon in writing), less
retainage of Five percent (5%);
.3 Subtract the aggregate of previous payments made by
the Owner; and
.4 Subtract amounts, if any, for which the Architect has
withheld or nullified a Certificate for Payment as
provided in Paragraph 9.5 of AIA Document A201-1997.
5.1.7 The progress payment amount determined in accordance with
Subparagraph 5.1.6 shall be further modified under the following
circumstances:
.1 Add, upon Substantial Completion of the Work, a sum
sufficient to increase the total payments to the full
amount of the Contract Sum, less such amounts as the
Architect shall determine for incomplete Work,
retainage applicable to such work and unsettled
claims; and
(SUBPARAGRAPH 9.8.5 of AIA DOCUMENT A201-1997
REQUIRES RELEASE OF APPLICABLE RETAINAGE UPON
SUBSTANTIAL COMPLETION OF WORK WITH CONSENT OF
SURETY, IF ANY.)
.2 Add, if final completion of the Work is thereafter
materially delayed through no fault of the
Contractor, any additional amounts payable in
accordance with Subparagraph 9.10.3 of AIA Document
A201-1997.
5.1.8 Reduction or limitation of retainage, if any, shall be as follows:
(IF IT IS INTENDED, PRIOR TO SUBSTANTIAL COMPLETION OF THE ENTIRE WORK, TO
REDUCE OR LIMIT THE RETAINAGE RESULTING FROM THE PERCENTAGES INSERTED IN
CLAUSES 5.1.6.1 AND 5.1.6.2 ABOVE, AND THIS IS NOT EXPLAINED ELSEWHERE IN
THE CONTRACT DOCUMENTS, INSERT HERE THE PROVISIONS FOR SUCH REDUCTION OR
LIMITATION.)
5.1.9 Except with the Owner's prior approval, the Contractor shall not make
advance payments to suppliers for materials or equipment which have not
been delivered and stored at the site.
5.2 FINAL PAYMENT
5.2.1 Final payment, constituting the entire unpaid balance of the Contract
Sum, shall be made by the Owner to the Contractor when:
.1 the Contractor has fully performed the Contract
except for the Contractor's responsibility to correct
Work as provided in Subparagraph 12.2.2 of AIA
Document A201-1997, and to satisfy other
requirements, if any, which extend beyond final
payment; and
-------------------------------------------------------------------------------
AIA DOCUMENT A101 - OWNER - CONTRACTOR AGREEMENT - 1997 EDITION - AIA -
COPYRIGHT 1997 - THE AMERICAN INSTITUTE OF ARCHITECTS, 1735 NEW YORK AVENUE
N.W., WASHINGTON, D.C. 20006-5292. WARNING: Unlicensed photocopying violates
U.S. copyright laws and will subject the violator to legal prosecution. This
document was electronically produced with permission of the AIA and can be
reproduced without violation until the date of expiration as noted below.
Electronic Format AIO1-1997
User Document: 97AIOLCON -- 11/18/1998. AIA License Number 109607, which
expires on 6/30/1999 -- Page #3
<PAGE>
.2 a final Certificate for Payment has been issued by
the Architect.
5.2.2 The Owner's final payment to the Contractor shall be made no later
than 30 days after the issuance of the Architect's final Certificate for
Payment, or as follows:
ARTICLE 6 TERMINATION OR SUSPENSION
6.1 The Contract may be terminated by the Owner or the Contractor as
provided in Article 14 of AIA Document A201-1997.
6.2 The Work may be suspended by the Owner as provided in Article 14 of AIA
Document A201-1997.
ARTICLE 7 MISCELLANEOUS PROVISIONS
7.1 Where reference is made in this Agreement to a provision of AIA
Document A201-1997 or another Contract Document, the reference refers to
that provision as amended or supplemented by other provisions of the
Contract Documents.
7.2 Payments due and unpaid under the Contract shall bear interest from the
date payment is due at the rate stated below, or in the absence thereof, at
the legal rate prevailing from time to time at the place where the Project
is located.
(INSERT RATE OF INTEREST AGREED UPON, IF ANY.)
(USURY LAWS AND REQUIREMENTS UNDER THE FEDERAL TRUTH IN LENDING ACT,
SIMILAR STATE AND LOCAL CONSUMER CREDIT LAWS AND OTHER REGULATIONS AT THE
OWNER'S AND CONTRACTOR'S PRINCIPAL PLACES OF BUSINESS, THE LOCATION OF THE
PROJECT AND ELSEWHERE MAY AFFECT THE VALIDITY OF THIS PROVISION. LEGAL
ADVICE SHOULD BE OBTAINED WITH RESPECT TO DELETIONS OR MODIFICATIONS, AND
ALSO REGARDING REQUIREMENTS SUCH AS WRITTEN DISCLOSURES OR WAIVERS.)
7.3 The Owner's representative is: Dave Brown
(NAME, ADDRESS AND OTHER INFORMATION) Puyallup Valley Bank
1307 East Main
Puyallup, WA 98372
7.4 The Contractor's representative is: Cathy Bordeaux
(NAME, ADDRESS AND OTHER INFORMATION) BOB PEARSON CONSTRUCTION,
INC
1407 Willow Road East
Tacoma, WA 98424
7.5 Neither the Owner's nor the Contractor's representative shall be
changed without ten days written notice to the other party.
7.6 Other provisions:
ARTICLE 8 ENUMERATION OF CONTRACT DOCUMENTS
8.1 The Contract Documents, except for Modifications issued after execution
of this Agreement, are enumerated as follows:
8.1.1 The Agreement is this executed 1997 edition of the Standard Form of
Agreement Between Owner and Contractor, AIA Document A101-1997.
8.1.2 The General Conditions arc the 1997 edition of the General Conditions
of the Contract for Construction, AIA Document A201-1997.
8.1.3 The Supplementary and other Conditions of the Contract are those
contained in the Project Manual dated October 15, 1999, and are as follows:
Document Title Pages
00800 Supplementary Conditions 1 thru 3
--------------------------------------------------------------------------------
AIA DOCUMENT A101 - OWNER - CONTRACTOR AGREEMENT - 1997 EDITION - AIA -
COPYRIGHT 1997 - THE AMERICAN INSTITUTE OF ARCHITECTS, 1735 NEW YORK AVENUE
N.W., WASHINGTON, D.C. 20006-5292. WARNING: Unlicensed photocopying violates
U.S. copyright laws and will subject the violator to legal prosecution. This
document was electronically produced with permission of the AIA and can be
reproduced without violation until the date of expiration as noted below.
Electronic Format AIO1-1997
User Document: 97AIOLCON -- 11/18/1998. AIA License Number 109607, which
expires on 6/30/1999 -- Page #4
<PAGE>
8.1.4 The Specifications are those contained in the Project Manual dated as
in Subparagraph 8.1.3, and are as follows:
(EITHER LIST THE SPECIFICATIONS HERE OR REFER TO AN EXHIBIT ATTACHED TO
THIS AGREEMENT.)
Section Title Pages
See Exhibit "C"
8.1.5 The Drawings are as follows, and are dated unless a different date is
shown below:
(EITHER LIST THE DRAWINGS HERE OR REFER TO AN EXHIBIT ATTACHED TO THIS
AGREEMENT.)
<TABLE>
<CAPTION>
Number Title Date
<S> <C> <C>
AO.0 Title Sheet 9-08-99
C1 Cover Sheet 7-26-99
C2 Grading and Storm Drainage Plan 7-26-99
C3 Water and Sanitary Sewer Plan 7-26-99
C4 Sections and Details 7-26-99
L1 Landscape Planting Plan 8-2-99
L2 Planting Notes and Details 8-2-99
L3 Landscape Irrigation Plan 8-2-99
L4 Irrigation Notes and Details 7-26-99
A1.0 Site Pan 8-11-99
A2.0 Main Floor Plan 8-11-99
A2.1 Upper Floor Plan 8-11-99
A2.2 Reflected Ceiling Plans 8-11-99
A2.3 Roof Plan & Details 8-11-99
A3.0 Elevations 8-11-99
A4.0 Building Sections 8-11-99
A4.1 Wall Sections 8-11-99
A4.2 Details 8-11-99
A4.3 Details 8-30-99
A5.0 Schedules 8-11-99
A6.0 Interior Elevations 8-24-99
A6.1 Interior Elevations & Details 8-24-99
S1.0 General Notes Standard Details 8-11-99
S2.0 Foundation Plan 8-11-99
S2.1 Second Floor Framing Plan 8-11-99
S2.2 Roof Framing Plan 8-11-99
S3.0 Foundation and Floor Frmg Details 8-11-99
S4.0 Roof Framing Details 8-11-99
M1.1 Legend, Notes, and Abbreviation 10-11-99
M2.1 Main Floor HVAC Plan 10-11-99
M2.2 Upper Floor HVAC Plan 10-11-99
M3.1 Main Floor Plumbing Plan 10-11-99
M3.2 Upper Floor Plumbing Plan 10-11-99
E1.1 One-Lien Diagram and Lighting Control Diagram 10-11-99
E1.2 Electrical Schedule 09-01-99
E2.0 Site Power and Lighting Plan 9-01-99
E2.1 Main Floor Lighting Plan 10-11-99
E2.2 Upper Floor Lighting Plan 09-01-99
E3.1 Main Floor Power Plan 10-11-99
E3.2 Upper Floor Power Plan 10-11-99
</TABLE>
-------------------------------------------------------------------------------
AIA DOCUMENT A101 - OWNER - CONTRACTOR AGREEMENT - 1997 EDITION - AIA -
COPYRIGHT 1997 - THE AMERICAN INSTITUTE OF ARCHITECTS, 1735 NEW YORK AVENUE
N.W., WASHINGTON, D.C. 20006-5292. WARNING: Unlicensed photocopying violates
U.S. copyright laws and will subject the violator to legal prosecution. This
document was electronically produced with permission of the AIA and can be
reproduced without violation until the date of expiration as noted below.
Electronic Format AIO1-1997
User Document: 97AIOLCON -- 11/18/1998. AIA License Number 109607, which
expires on 6/30/1999 -- Page #5
<PAGE>
8.1.6 The Addenda, if any, are as follows:
<TABLE>
<CAPTION>
Number Date Pages
<S> <C> <C>
Addendum No 1 11-1-99 16
Addendum No 2 11-05-99 1
</TABLE>
Portions of Addenda relating to bidding requirements are not part of the
Contract Documents unless the bidding requirements are also enumerated
in this Article 8.
8.1.7 Other documents, if any, forming part of the Contract Documents are
as follows:
(LIST HERE ANY ADDITIONAL DOCUMENTS THAT ARE INTENDED TO FORM PART OF THE
CONTRACT DOCUMENTS. AIA DOCUMENT A201-1997 PROVIDES THAT BIDDING
REQUIREMENTS SUCH AS ADVERTISEMENT OR INVITATION TO BID, INSTRUCTIONS TO
BIDDERS, SAMPLE FORMS AND THE CONTRACTOR'S BID ARE NOT PART OF THE CONTRACT
DOCUMENTS UNLESS ENUMERATED IN THIS AGREEMENT. THEY SHOULD BE LISTED HERE
ONLY IF INTENDED TO BE PART OF THE CONTRACT DOCUMENTS.)
Exhibit "A" - Exclusions
Exhibit "B" - Alternate HVAC Design
Exhibit "C" - Specifications to
This Agreement is entered into as of the day and year first written above
and is executed in at least three original copies, of which one is to be
delivered to the Contractor, one to the Architect for use in the
administration of the Contract, and the remainder to the Owner.
/s/ [ILLEGIBLE] /s/ Cathy Bordeaux, PM
------------------------------------------ ---------------------------------
OWNER (SIGNATURE) CONTRACTOR (SIGNATURE)
CEO CATHY BORDEAUX, Proj. Mgr.
------------------------------------------ ---------------------------------
(PRINTED NAME AND TITLE) (PRINTED NAME AND TITLE)
Valley Community Bancshares Inc
--------------------------------------------------------------------------------
AIA DOCUMENT A101 - OWNER - CONTRACTOR AGREEMENT - 1997 EDITION - AIA -
COPYRIGHT 1997 - THE AMERICAN INSTITUTE OF ARCHITECTS, 1735 NEW YORK AVENUE
N.W., WASHINGTON, D.C. 20006-5292. WARNING: Unlicensed photocopying violates
U.S. copyright laws and will subject the violator to legal prosecution. This
document was electronically produced with permission of the AIA and can be
reproduced without violation until the date of expiration as noted below.
Electronic Format AIO1-1997
User Document: 97AIOLCON -- 11/18/1998. AIA License Number 109607, which
expires on 6/30/1999 -- Page #6
<PAGE>
EXHIBIT "A"
EXCLUSIONS: State Tax, building permits, plan design, soil testing, soil
engineering, staking, any special inspections, and locating services.
Removing or disposing of any hazardous waste material. We have excluded all
engineering and design fees, hookup fees, assessments, meters, permits,
inspection fees, and etc., charged by any utility company or department such
as, gas, electric, water, sewer, storm, telephone, television, etc.
DISCLOSURE STATEMENT
NOTICE TO CUSTOMER
This contractor, BOB PEARSON CONSTRUCTION, INC. is registered with the State
of Washington, registration no. BOBPECI*093C6, as a general contractor and
has posted with the state a bond or cash deposit of $6,000 for the purpose of
satisfying claims against the contractor for negligent or improper work or
breach of contract in the conduct of contractor's business. This bond or cash
deposit may not be sufficient to cover a claim which might arise from the
work done under your contract. If any supplier of material used in your
construction project or any employee of the contractor or subcontractor is
not paid by the contractor or sub-contractor on your job, your property may
be liened to force payment. If you wish additional protection, you may
request the contractor to provide you with original "lien release" documents
from each supplier or subcontractor on your project. The contractor is
required to provide you with further information about lien release documents
if you request it. General information is also available from the Department
of Labor and Industries.
<PAGE>
EXHIBIT "B" Page 1 of
[LETTERHEAD]
To: Cathy Bordeaux
Bob Pearson Construction
From: Kevin Wilder
Heritage Heating Enterprises
Commercial Operations Manager
RE: VALLEY BANK, AUBURN, WA
Dear Cathy:
After careful review of the requested scope of work, I am providing an estimate
for the follow:
Inclusions:
1) Provide and Install (1) Carrier 48EKDO24. (Note there are some specific
differences to the specifications, such as drive manufacturer, compressor
type, stages of heat, 20 tons of cooling vs. 15tons, however inspite of
these differences we feel that the desired scope of operation can be met.
There were substantial savings in changing the exhaust fans, the Air
handling Unit, as well as the overall control work that interfaces with
the unit operation.
2) (2) Greenheck Exhaust Fans to be Model CSP, approx. same performance only
quieter and less expensive.
3) All associated ductwork, grilles, registers and diffusers. All outdoor
ductwork is based on Washington State Energy Code.
4) (11) ENVIRO-TEC fan powered VAV boxes.
5) Controls based on the AHU being provided with factory controls that have
generic interfaces to external building automation systems. Control scope
has been coordinated with Carrier unit to insure a complete scope of work.
System provides a simple, basic user interface software package installed
on a PC for the operator to run his building. (Very powerful, yet is more
basic than the specified software package)
6) Air Balance per section 15990.
7) Complete commissioning of equipment.
8) Gas Piping to new rooftop unit from meter.
9) Warranty
<PAGE>
EXHIBIT "B" Page 2 of
CATHY BORDEAUX/VALLEY BANK 2 DECEMBER 8, 1999
NOTE: IT IS OUR GOAL TO PROVIDE YOU THE CUSTOMER WITH SYSTEM THAT PERFORMS, AS
YOU DESIRE, YET IS COST EFFECTIVE. IF THE SAVINGS SHOWN IN THIS PROPOSAL ARE OF
INTEREST, WE FEEL IT WOULD BE IN THE BEST INTEREST OF ALL, TO REVIEW IN MORE
DETAIL THE CHANGES WE'VE PROPOSED.
Exclusions:
1) Washington State Sales Tax
2) Overtime/Night work
3) Cutting, Painting, Patching, Roofing
4) Electrical power wiring or disconnects
5) Sound Attenuators per 11/5/99 conversations with Andrew Szleper of Richmond
Engineering.
If you have any questions or require further information, please feel free to
call. Thanks again for the opportunity to quote this project for your firm.
Sincerely,
/s/ Kevin Wilder
Kevin Wilder
Commercial Operations Manager
<PAGE>
EXHIBIT "C" Page 1 of 3
AUBURN BRANCH 00003-1
VALLEY BANK TABLE OF CONTENTS
===============================================================================
<TABLE>
<CAPTION>
DIVISION SECTION NO. OF PAGES
-----------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
DIVISION 0: BIDDING REQUIREMENTS
00020 INVITATION TO BID 2
00200 INFORMATION AVAILABLE TO BIDDERS 21
00300 BID FORM 2
00440 SUBSTITUTION REQUEST FORM 2
00700 GENERAL CONDITIONS 1
00800 SUPPLEMENTARY CONDITIONS 3
DIVISION 1: GENERAL REQUIREMENTS
01010 SUMMARY OF WORK 2
01025 MEASUREMENT AND PAYMENT 1
01040 COORDINATION 3
01200 PROJECT MEETINGS 2
01300 SUBMITTALS 5
01400 QUALITY CONTROL 2
01500 CONSTRUCTION FACILITIES AND
TEMPORARY CONTROLS 2
01600 MATERIALS AND EQUIPMENT 3
01700 CONTRACT CLOSEOUT 3
DIVISION 2: SITEWORK
02210 SITE CLEARING 2
02211 SITE GRADING 4
02221 EXCAVATING, BACKFILLING, & COMPACTING
FOR UTILITIES 8
02222 EXCAVATION 3
02223 BACKFILLING 5
02510 ASPHALT CONCRETE PAVING 4
02520 PAVEMENT MARKING 1
02530 CEMENT CONCRETE SIDEWALK, DRIVEWAYS
AND CURBS 5
02667 SITE WATER LINES 10
02711 FOUNDATION DRAINAGE SYSTEMS 1
02722 SITE STORM DRAINAGE SYSTEM 4
02732 SITE SANITARY SEWAGE SYSTEMS 5
02760 SITE FURNISHINGS 2
02810 IRRIGATION SPECIFICATIONS 12
02900 LANDSCAPE SPECIFICATIONS 13
DIVISION 3: CONCRETE
03100 CONCRETE FORMWORK 3
03200 CONCRETE REINFORCEMENT 2
03300 CAST IN PLACE CONCRETE 5
03540 CEMENTIOUS UNDERLAYMENT 2
03600 GROUT 2
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<PAGE>
EXHIBIT "C" Page 2 of 3
AUBURN BRANCH 00003-2
VALLEY BANK TABLE OF CONTENTS
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<CAPTION>
DIVISION SECTION NO. OF PAGES
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<S> <C> <C>
DIVISION 4: MASONRY
04200 UNIT MASONRY 6
DIVISION 5: METALS
05500 METAL FABRICATIONS 5
DIVISION 6: WOOD AND PLASTICS
06110 WOOD FRAMING 5
06115 SHEATHING 3
06190 FABRICATED WOOD TRUSSES 2
DIVISION 7: THERMAL AND MOISTURE PROTECTION
07150 BITUMINOUS DAMPPROOFING 1
07210 BUILDING INSULATION 3
07241 EXTERIOR INSULATION & FINISH SYSTEM 6
07410 PREFORMED METAL ROOFING 3
07535 MODIFIED BITUMEN ROOFING SYSTEM 7
07600 FLASHING AND SHEET METAL 4
07900 JOINT SEALERS 4
DIVISION 8: DOORS AND WINDOWS
08110 STEEL DOORS AND FRAMES 3
08211 FLUSH WOOD DOORS 3
08410 ALUMINUM ENTRANCES AND
STOREFRONTS 4
08710 FINISH HARDWARE 8
08800 GLAZING 5
DIVISION 9: FINISHES
09260 GYPSUM BOARD 4
09290 GLASS FIBER/REINFORCED GYPSUM 3
09300 TILE 2
09510 ACOUSTICAL CEILINGS 5
09650 RESILIENT FLOORING 4
09680 CARPET 3
09900 PAINTING 7
DIVISION 10: SPECIALTIES
10520 FIRE PROTECTION SPECIALTIES 2
10810 TOILET ACCESSORIES 2
DIVISION 11: EQUIPMENT
NO WORK IN THIS DIVISION
DIVISION 12: FURNISHINGS
12300 MANUFACTURED CASEWORK 4
12500 HORIZONTAL LOUVER BLINDS 4
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<PAGE>
EXHIBIT "C" Page 3 of 3
AUBURN BRANCH 00003-3
VALLEY BANK TABLE OF CONTENTS
===============================================================================
<CAPTION>
DIVISION SECTION NO. OF PAGES
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<S> <C> <C>
DIVISION 13: SPECIAL CONSTRUCTION
NO WORK IN THIS DIVISION
DIVISION 14: CONVEYING SYSTEMS
NO WORK IN THIS DIVISION
DIVISION 15: MECHANICAL
15010 MECHANICAL PROVISIONS 5
15030 PAINTING AND IDENTIFICATION 2
15060 PIPES AND FITTINGS 4
15090 SUPPORTING DEVICES 3
15100 VALVES 3
15170 MOTORS 3
15250 MECHANICAL INSULATION 6
15260 PIPING INSULATION 4
15400 PLUMBING FIXTURES AND TRIM 3
15410 DOMESTIC WATER PIPING SYSTEM 2
15420 SOIL, WASTE, AND VENT SYSTEM 3
15430 PLUMBING SPECIALTIES 4
15453 PLUMBING LOOP EQUIPMENT 3
15625 GAS-FIRED UNIT HEATERS 4
15850 AIR FILTRATION 2
15855 AIR HANDLING UNIT SPECIFICATION 4
15870 HVAC AND EXHAUST SPECIALTIES 2
15900 AUTOMATIC TEMPERATURE CONTROLS 15
15930 AIR TERMINAL UNITS 3
15940 AIR INLETS AND OUTLETS 2
15990 TESTING, ADJUSTING, AND BALANCING 10
DIVISION 16: ELECTRICAL
16000 GENERAL ELECTRICAL SPECIFICATIONS 8
16111 CONDUIT 5
16120 WIRE & CABLE 4
16130 OUTLETS, JUNCTION & PULLBOXES 4
16141 WIRING DEVICES 3
16170 GROUNDING AND BONDING 1
16195 ELECTRICAL IDENTIFICATION 2
16200 LIGHTING FIXTURES 3
16426 SWITCHBOARDS 5
16440 DISCONNECT SWITCHES 2
16470 PANELBOARDS 9
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</TABLE>
<PAGE>
CHANGE ORDER
[LETTERHEAD]
Date: 1-31-00
CO Number: 1
Job: 554-004
Customer: Job:
Puyallup Valley Bank VALLEY BANK - AUBURN
1301 East Main Street Auburn, WA 98002-4000
Puyallup WA 98372
253-848-2316
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<TABLE>
<S> <C>
Original contract 885,557.00
Previous approved change orders
Revised contract before this change 885,557.00
I HEREBY AUTHORIZE BOB PEARSON CONSTRUCTION, INC. to make the
following change from the work as originally set forth in the
plans and specifications:
This change: Add 6" concrete slab and reinforcing steel 5,542.00
three matts #5.
Revised contract with this proposed change 891,099.00
PRICE OF THIS REQUEST FOR PRICE: $5,542.00
Five thousand five hundred forty-two dollars and
no cents
</TABLE>
EXCLUSIONS: As shown on exhibit "A" of the Standard Form of Agreement Between
Owner and Contractor:
Submitted By: /s/ Cathy Bordeaux 1/31/00
--------------------------------------------
Cathy Bordeaux
Approved By: /s/ [ILLEGIBLE]
---------------------------------------------
Puyallup Valley Bank
<PAGE>
CHANGE REQUEST #1
SK1 THRU Sk-5.1 DRAWINGS
BOB PEARSON CONSTRUCTION, INC.
<TABLE>
<S> <C>
PROJECT NAME 55400401 - Change #1
1001 "D" Street NE
Auburn
King
WA 98071
CLIENT Valley Community Bancshar
1307 East Main
Puyallup
WA 98372
253-288-2101
ARCHITECT Austin Cina Architects
253-531-4300
ESTIMATOR Cathy Bordeaux
LABOR RATE TABLE Wa. Work
EQUIPMENT RATE TABLE Wa. Work
JOB SIZE 328 sf
AUDIT Dimensional
REPORT FORMAT Sorted by 'Phase'
'Detail' summary
Allocate addons
Combine items
</TABLE>
<PAGE>
BOB PEARSON CONST. INC. STANDARD ESTIMATE REPORT PAGE 2
55400401 - CHANGE #1 1/31/00 6:43 PM
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<TABLE>
<CAPTION>
LABOR MATERIAL SUBCONTRACT EQUIPMENT OTHER TOTAL
------ -------- --------------- --------- ------ ------
ITEM DESCRIPTION TAKEOFF QTY AMOUNT AMOUNT AMOUNT NAME AMOUNT AMOUNT AMOUNT
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
3001 DIG & GRADE CONC
20 Fine Grade Hand 328.000 sf 106 - - - - 106
------ ------
DIG & GRADE CONC 106 106
4.373 Labor hours
3261 CONCRET ALL
c30 Conc 3,000 psi 6.074 cuyd - 336 - - - 336
------ ------
CONCRET ALL 336 336
3780 REBAR - L&M
r56 Rebar #5, Grd 60 4,488.000 Inft 1,857 2,636 - - - 4,493
------ ------ ------
REBAR - L&M 1,857 2,636 4,493
59.84 Labor hours
3810 PLACE & SCREEDS
10 Place & Screeds 328.000 sf 93 - - - - 93
------ ------
PLACE & SCREEDS 93 93
2.982 Labor hours
</TABLE>
<PAGE>
BOB PEARSON CONST. INC. STANDARD ESTIMATE REPORT PAGE 3
55400401 - CHANGE #1 1/31/00 6:43 PM
-------------------------------------------------------------------------------
ESTIMATE TOTALS
<TABLE>
<S> <C> <C> <C> <C>
Labor 2,055 67.195 hrs
Material 2,971
-------
5,026 5,026
Overhead* 251 5.000 % T
Profit* 264 5.000 % T
TOTAL 5,541 16.893 /sf
</TABLE>
