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Home My WebLink AboutFN.13 - MEDUSKY & CO.Diane Nakagawa County of Hawai’i June 12, 2024 Page 2 1. Chris Yuh Manager of Finance, Risk, and Analytics Kauai Island Utility Cooperative (KIUC) (808) 246-8281 cyuh@kiuc.coop 2. Trevor A. Brown, Esq. Starn O’Toole Marcus & Fisher (808) 537-6100 TBrown@starnlaw.com 3. Joel Kam, Esq. McCorriston Miller Mukai MacKinnon LLP (808) 529-7300 jkam@m4law.com 4. Grant Fasi Allison, Esq. Lung Rose Voss & Wagnild Attorneys at Law (808) 533-4184 gallison@legalhawaii.com 5. Shae Kamakaala Director of ʻĀina Protection & General Counsel Hawaiʻi Land Trust (808) 940-0639 Shae.kamakaala@hilt.org We provide a timeline for completion when submitting a proposal for an assignment and we and we strive to adhere to that schedule. As such, there have not been any corrective actions or notices of deficiencies for any of our completed assignments. In most cases, cost control is maintained by estimating a fixed fee for an assignment prior to its commencement. However, if the scope of the assignment cannot be determined prior to commencement, a minimum and maximum fee range is established. When required, additional work is completed based on hourly rates. The current hourly rate for Jan R. Medusky, MAI, CRE and Edward Becker, MAI of Medusky & Co., Inc. is $500 per hour. Diane Nakagawa County of Hawai’i June 12, 2024 Page 3 If you have any further questions, please feel free to call our office. Thank you for considering Medusky & Co., Inc. for your real estate appraisal/consulting needs. We look forward to working with you again in the future. Sincerely, MEDUSKY & CO., INC. Jan R. Medusky, MAI, CRE President Edward W. Becker, MAI Real Estate Appraiser EWB:cpj Enclosures MEDUSKY & CO., INC. 800 BETHEL STREET QUEEN’S COURT, SUITE 405 HONOLULU, HAWAII 96813 PAST ASSIGNMENTS 1. Property Type: Oceanfront Land Client: Case Lombardi TMK: (3) 7-1-3-4, 5, 6 & 11 Date of Assignment: 01/24/23 Nature of Assignment: Appraisal Services Regarding Oceanfront Land at Kapalaoa Beach, Waikoloa, Island of Hawaii, Hawaii 2. Property Type: Conservation Land Client: State of Hawaii DOFAW TMK: (3) 8-7-1-2 Date of Assignment: 12/01/23 Nature of Assignment: Appraisal Report Regarding Conservation Classified Property, Kolo, South Kona, Island of Hawaii, State of Hawaii 3. Property Type: Agricultural Land Client: McCorriston Miller Mukai MacKinnon TMK: (2) 2-2-2-17 et al. Date of Assignment: 12/14/23 Nature of Assignment: Appraisal Services Regarding Kula Ranch Property, Kula, Maui, State of Hawaii 4. Property Type: Commercial Land Client: Agribusiness Development Land TMK: (1) 7-4-12-5 Date of Assignment: 02/07/23 Nature of Assignment: Appraisal Services Regarding Fair Market Value for Commercial Land, Wahiawa, Oahu, Hawaii 5. Property Type: Hotel Client: Halekulani Corp. TMK: (1) 2-6-2-11 et al. Date of Assignment: 10/03/23 Nature of Assignment: Appraisal Services Regarding Halepuna Waikiki by Halekulani Site, Waikiki, Honolulu, Hawaii 6. Property Type: Telecommunication Site Client: Kauai Island Utility Cooperative TMK: (3) 1-2-2-30 et al. Date of Assignment: 04/26/22 Nature of Assignment: Appraisal Services Regarding Market Rent Regarding Mana Substation Sites and Transmission Line Easements, Kekaha, Waimea, Kauai, Hawaii MEDUSKY & CO., INC. 800 BETHEL STREET QUEEN’S COURT, SUITE 405 HONOLULU, HAWAII 96813 7. Property Type: Office Building Client: Kauai Island Utility Cooperative TMK: (4) 3-3-10-09 Date of Assignment: 02/09/24 Nature of Assignment: Appraisal Services Regarding Office Building Property, Lihue, Kauai, Hawaii 8. Property Type: Conservation Easement Client: Hawaii Land Trust TMK: (2) 1-1-3-41 Date of Assignment: 01/31/24 Nature of Assignment: Appraisal Services Regarding Property at Keanae, Hana, Maui, Hawaii 9. Property Type: Industrial Client: Davenport Partners TMK: (1) 1-5-35-15 Date of Assignment: 06/04/24 Nature of Assignment: Appraisal Services Regarding Leasehold Industrial Property, Honolulu, Oahu, Hawaii 10. Property Type: Multi-Family Client: Cades Schutte LLP TMK: (1) 2-4-15-30 et al. Date of Assignment: 05/23/24 Nature of Assignment: Appraisal Services Regarding Seven Single and Multi-Family Properties, Honolulu, Oahu 11. Property Type: Single-Family Residential Client: Cades Schutte LLP TMK: (3) 7-8-11-18 Date of Assignment: 04/16/24 Nature of Assignment: Appraisal Report Residential Property, Kailua-Kona, Island of Hawaii, Hawaii 12. Property Type: Estate Landholdings Client: Department of the Interior TMK: (2) 1-7-4-4 Date of Assignment: 04/21/22 Nature of Assignment: Appraisal Services Regarding Kaupo Ranch, Hana, Maui, Hawaii CLASSES (ACTIVE): JAN R MEDUSKY 800 BETHEL ST STE 405 HONOLULU, HI 96813 CERTIFIED GENERAL APPRAISER STATE OF HAWAII DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS Expiration date 12/31/2025 License Number CGA-17 CERTIFIED GENERAL APPRAISER THIS POCKET ID CARD IDENTIFIES YOU TO THE PUBLIC AS BEING CURRENTLYNOTICE LICENSED AND SHOULD BE KEPT IN YOUR POSSESSION AT ALL TIMES. _____________________________________________ SIGNATURE OF LICENSEE CGA-17 JAN R MEDUSKY 800 BETHEL ST STE 405 HONOLULU, HI 96813 QUALIFICATIONS OF JAN R. MEDUSKY, MAI, CRE President, Medusky & Co., Inc., Real Estate Consultants Queen’s Court, Suite 405, 800 Bethel Street, Honolulu, Hawaii President (1990-1994), Cowell & Co., Inc. Licensed Real Estate Broker, State of Hawaii (License No. RB-16915) Member, Appraisal Institute (MAI), Hawaii Chapter (Certificate No. 7313) Past President, American Institute of Real Estate Appraisers Honolulu Chapter No. 15 Member, The Counselors of Real Estate (CRE) (Certificate No. 2560) Past Chapter Chair, The Counselors of Real Estate Hawaii Chapter Hawaii State Certified General Appraiser (CGA-17) EDUCATION Culver Military Academy, Culver, Indiana. Graduated with honors, 1964-1968. Bachelor of Science Degree, U.S. Military Academy, West Point, New York, 1968-1972. University of Hawaii, Graduate courses in Business and Economics, 1975-1976. Master of Business Administration Degree, Chaminade University of Honolulu, 1980. SPECIAL COURSES Graduate Real Estate Institute, Courses I and II, Honolulu, 1979. Stapleton School of Real Estate, Sales Licensing Course, Honolulu, 1979. Various Appraisal Institute and American Institute of Real Estate Appraisal Courses. Instructor for various seminars/classes regarding real estate valuation. MILITARY Captain, U.S. Army, 1972-1978. Held various positions including Commander, Air Defense Artillery Battery and Special Staff Officer, 25th Infantry Division General Staff, Schofield Barracks, Hawaii. EXPERIENCE Engaged in real estate consultation and valuation throughout the Pacific Basin since 1979. Geographical areas covered include the four counties of the State of Hawaii, the Territory of Guam, the Federated States of Micronesia, Republic of the Marshall Islands, Republic of Palau, Saipan, American Samoa and selected locations on the West Coast of the United States Mainland. Specializes in valuation for litigation purposes, tax appeals, leased fee conversions, arbitrations and rent renegotiations. COMMUNITY SERVICE Hawaii Public Radio Board Member (2009 to 2018) ALS Network fka ALS Association Golden West Chapter Board Member (2014 to Present) ALS Ohana of Hawaii Past President and Current Secretary (2013 to Present) CLASSES (ACTIVE): EDWARD W BECKER 370 KUPAUA PL HONOLULU, HI 96821 CERTIFIED GENERAL APPRAISER STATE OF HAWAII DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS Expiration date 12/31/2025 License Number CGA-581 CERTIFIED GENERAL APPRAISER THIS POCKET ID CARD IDENTIFIES YOU TO THE PUBLIC AS BEING CURRENTLYNOTICE LICENSED AND SHOULD BE KEPT IN YOUR POSSESSION AT ALL TIMES. _____________________________________________ SIGNATURE OF LICENSEE CGA-581 EDWARD W BECKER 370 KUPAUA PL HONOLULU, HI 96821 QUALIFICATIONS OF EDWARD W. BECKER, MAI Real Estate Appraiser, Medusky & Co., Inc., Real Estate Consultants Queen’s Court, Suite 405, 800 Bethel Street, Honolulu, Hawaii EDUCATION Bachelor of Arts Degree University of Hawaii at Manoa, Honolulu, Hawaii Political Science Major SPECIAL COURSES State Certification Courses Appraising the Single Family Residence Foundations of Real Estate Appraisal Real Estate Appraisal Methods Uniform Standards of Professional Appraisal Practice Appraisal Institute Courses 550 – Advanced Applications 540 – Report Writing and Valuation Analysis 530 – Advanced Sales Comparison and Cost Approaches 520 – Highest & Best Use and Market Analysis 510 – Advanced Income Capitalization 430 – Standards of Professional Practice, Part C 420 – Standards of Professional Practice, Part B 410 – Standards of Professional Practice, Part A Appraisal Institute Seminars/Programs An Introduction to Valuing Commercial Green Buildings Business Practices and Ethics Eminent Domain and Condemnation Appraising Feasibility, Market Value, Investment Timing: Option Value FHA and the Appraisal Process New Industrial Valuation Review Theory – General Site Use and Valuation Analysis Small Hotel/Motel Valuation The Appraiser as an Expert Witness: Preparation and Testimony Uniform Appraisal Standards for Federal Land Acquisitions Valuation of Conservation Easements University of Hawaii at Manoa, Small Business Management Program, Real Estate Licensing Course EXPERIENCE Engaged in real estate consultation and valuation since 1993. Geographic areas covered include the four counties of the State of Hawaii, the Republic of the Marshall Islands, Republic of Korea and American Samoa. Property types include agricultural, industrial, office, preservation, residential, resort, shopping center, subdivision and various other property types. CLASSES (ACTIVE): CARTER P JONES 1139 KINA STREET KAILUA, HI 96734 REAL ESTATE APPRAISER TRAINEES STATE OF HAWAII DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS Expiration date 12/31/2025 License Number REAT-1603 REAL ESTATE APPRAISER TRAINEES THIS POCKET ID CARD IDENTIFIES YOU TO THE PUBLIC AS BEING CURRENTLYNOTICE LICENSED AND SHOULD BE KEPT IN YOUR POSSESSION AT ALL TIMES. _____________________________________________ SIGNATURE OF LICENSEE REAT-1603 CARTER P JONES 1139 KINA STREET KAILUA, HI 96734 QUALIFICATIONS OF CARTER POMAI JONES Appraiser Trainee, Medusky & Co., Inc., Real Estate Consultants Queen’s Court, Suite 405, 800 Bethel Street, Honolulu, Hawaii EDUCATION Bachelor of Arts Degree University of Hawaii at Manoa, Honolulu, Hawaii Interdisciplinary Studies Real Estate Licensing Course University of Hawaii at Manoa, Honolulu, Hawaii Konawaena High School, Kailua-Kona, Hawaii PROFESSIONAL EXPERIENCE Medusky & Co., Inc. – June 2016 to Present Lesher Chee Stadlbauer – September 2012 to June 2016 CERTIFICATION State of Hawaii Appraisal Trainee – REAT 1603 State of Hawaii Real Estate Salesperson – RS 80965 Appraisal Institute – Practicing Affiliate COURSES & SEMINARS Appraisal Institute Supervisory Appraiser/Trainee Appraiser Course, 2024 15-Hour USPAP Course, 2024 Basic Appraisal Procedures, 2023 Basic Appraisal Principals, 2023 Real Estate Finance, Statistics and Valuation Modeling, 2011 Fannie Mae Residential Presentation FHA Appraisal Inspection from the Ground Up CCIM Institute CI- 101 Financial Analysis for Commercial Investment Real Estate, 2011 Department of Commerce and Consumer Affairs CERTIFICATE OF GOOD STANDING I, the undersigned Director of Commerce and Consumer Affairs of the State of Hawaii, do hereby certify that according to the records of this Department, MEDUSKY & CO., INC. was incorporated under the laws of Hawaii on 08/14/1975 ; and that it is an existing corporation in good standing, and is duly authorized to transact business. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of the Department of Commerce and Consumer Affairs, at Honolulu, Hawaii. Dated: May 21, 2024 Director of Commerce and Consumer Affairs To check the authenticity of this certificate, please visit: http://hbe.ehawaii.gov/documents/authenticate.html Authentication Code: 501269-COGS_PDF-29306D1 STATE OF HAWAII STATE PROCUREMENT OFFICE CERTIFICATE OF VENDOR COMPLIANCE This document presents the compliance status of the vendor identified below on the issue date with respect to certificates required from the Hawaii Department of Taxation (DOTAX), the Internal Revenue Service, the Hawaii Department of Labor and Industrial Relations (DLIR), and the Hawaii Department of Commerce and Consumer Affairs (DCCA). Vendor Name:MEDUSKY & CO., INC. DBA/Trade Name:MEDUSKY & CO., INC. Issue Date:05/21/2024 Status:Compliant Hawaii Tax#:20300900-01 New Hawaii Tax#: FEIN/SSN#:XX-XXX2098 UI#:XXXXXX9204 DCCA FILE#:29306 Status of Compliance for this Vendor on issue date: Form Department(s)Status A-6 Hawaii Department of Taxation Compliant 8821 Internal Revenue Service Compliant COGS Hawaii Department of Commerce & Consumer Affairs Compliant LIR27 Hawaii Department of Labor & Industrial Relations Compliant Status Legend: Status Description Exempt The entity is exempt from this requirement Compliant The entity is compliant with this requirement or the entity is in agreement with agency and actively working towards compliance Pending A status determination has not yet been made The entity has applied for the certificate but it is awaiting approvalSubmitted The entity is not in compliance with the requirement and should contact the issuing agency for more informationNot Compliant APPRAISAL, VALUATION AND PROPERTY SERVICES PROFESSIONAL LIABILITY INSURANCE POLICY THIS IS A CLAIMS MADE AND REPORTED POLICY. COVERAGE IS LIMITED TO LIABILITY FOR ONLY THOSE CLAIMS THAT ARE FIRST MADE AGAINST THE INSURED DURING THE POLICY PERIOD AND THEN REPORTED TO THE COMPANY IN WRITING NO LATER THAN SIXTY (60) DAYS AFTER EXPIRATION OR TERMINATION OF THIS POLICY, OR DURING THE EXTENDED REPORTING PERIOD, IF APPLICABLE, FOR A WRONGFUL ACT COMMITTED ON OR AFTER THE RETROACTIVE DATE AND BEFORE THE END OF THE POLICY PERIOD. PLEASE READ THE POLICY CAREFULLY. DECLARATIONS AAI007310-08AAI007310-0910/12/2023 Previous Policy NumberPolicy NumberDate Issued Aspen American Insurance Company (Referred to below as the "Company") 499 Washington Boulevard, 8th Floor Jersey City, NJ 07310 877-245-3510 1.Customer ID: Named Insured: 2.Policy Period: From:To: 12:01 A.M. Standard Time at the address stated in 1 above. 3.Deductible:Each Claim 4.Retroactive Date: 5.Inception Date: 6.Limits of Liability:A. B. Each Claim Aggregate 7. 135056 MEDUSKY & CO., INC. 800 Bethel St., Suite 405 11/10/2023 11/10/2024 $1000 09/09/1995 11/10/2015 $1,000,000 $2,000,000 Honolulu, HI 96813 Subpoena Response: Pre-Claim Assistance: Disciplinary Proceeding: $5,000 Supplemental Payment Coverage Loss of Earnings: $5,000 Supplemental Payment Coverage $12,500 Supplemental Payment Coverage Covered Professional Services (as defined in the Policy and/or by Endorsement): Real Estate Appraisal and Valuation: Residential Property: Commercial Property: Bodily Injury and Property Damage Caused Right of Way Agent and Relocation: Machinery and Equipment Valuation: Personal Property Appraisal: Real Estate Sales/Brokerage: Yes Yes Yes Yes Yes Yes Yes Yes No No No No No No No No (If "yes", added by endorsement) (If "yes", added by endorsement) (If "yes", added by endorsement) X X X X X X X X During Appraisal Inspection ($100,000 Sub-Limit): $500 per day Supplemental Payment Coverage Page 1 of 2Aspen American Insurance Company LIA001 (04/19) Report Claims to: LIA Administrators & Insurance Services, 800-334-0652, P.O. Box 1319, 1600 Anacapa St, Santa Barbara, California 93101 9.Annual Premium: 10.Forms attached at issue:LIA002 (04/19) LIA HI (05/19) LIA012 (05/19) LIA018 (05/19) LIA164 (05/19) LIA165 (05/19) $2,361.00 8. This Declarations Page, together with the completed and signed Policy Application including all attachments and exhibits thereto, and the Policy shall constitute the contract between the Named Insured and the Company. ____________________________________ Date 10/12/2023 By ______________________________________________________________ Authorized Representative Cust ID:135056 LIA001 (04/19) Aspen American Insurance Company Page 2 of 2