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Home My WebLink About23 AUDIT CMTE VACANCY 2-7-05 AGENDA REPORT Agenda Item 23 Reviewed: City Manager Finance Director MEETING DATE: FEBRUARY 7,2005 TO: WILLIAM A. HUSTON, CITY MANAGER FROM: MARIA R. HUIZAR, CHIEF DEPUTY CITY CLERK SUBJECT: CONSIDERATION OF THE AUDIT COMMITTEE VACANCY SUMMARY: The City Council will consider an application received and may decide to appoint member to the Audit Committee to fill an unexpired term. RECOMMENDATION: Pleasure of the City Council. BACKGROUND: On September 7, 2004 the City Council interviewed one applicant for the Audi Committee vacancy, Jena Saldaña. Council requested continuation of the matter to receive additional applications. The following candidate has submitted his application and is seeking appointment to the Audit Committee: Audit Committee - One (1) vacancy for term expiring on March 1, 2007. Of the five member committee, four (4) are required to be registered voters in the City and one (1) a registered voter within the Tustin Water Corporation area. This vacancy is to fill the un-expired term of a city resident. Applicant meets the requirement. Name Thomas M. Stroud Application Received January 12, 2005 Any additional applications received by staff after the preparation of the agenda will be provided to the City Council at the meeting. The final step in the selection process will be completion of ballots by the City Council in open session. Maria Huizar Chief Deputy City Clerk Attachments CITY OF TUSTIN APPLICATION FOR SERVIC~¡T'.' OF TU:;TIN COMMISSION I COMMITTEE 8 h 9 l~~5 JAN 12 A :" NOTE: This application Is a public document and may be released to Interested parties. Commission/Committee on which you wish to serve: Audit Committee Name: Thomas M. Stroud Home phone: 714-514-0021 Work phone: 949-387-5030 ~HB1 City: Tustin Zip Code: 92782 Street address: 2480 Irvine Blvd., 263 1. Reason you wish to serve on Commission/Committee: I just completed the Citizen's Police Academy and have been trying ot figure out how I could get more involved with the City. I saw this position on the web site and thought I could be a benefit to the City. 2, Please list your background and experience you feel qualifies you for the position: I am a California CPA. I am currently National Treasurer for The Society of Industrial & Office Realtors based in Washington DC. I do the internal audits for Christ Presbyterian Church in Huntington Beach. I was Treasurer & CFO of a publicly traded finance company. 3. Please list professional organizations on which you have served: AICPA, CALIF. SOCIETY OF CPA,S; HAVE SERVED AS AND CURRENTLY SERVE AS TREASURER OF MANY COMMERCIAL REAL ESTATE ORGANIZATIONS 4. Please list any Drofessionallicenses (current or Dast): CPA REAL ESTATE BROKER Have you ever had a professional license suspended or revoked? If yes, explain. [J Yes 1:.1 No 5. Education: Circle highest grade completed: 9 10 11 12 13 14 15 16 17+ 0 0 0 0 0 0 0 (;) 0 List all Colleges, Business, or Trade Schools Dates Attended: LicenseDegree Obtained: Attended: woOODUry D ü o~ D Dacnelors In accrg. D Please complete Page 2 6. What type(s) of civic activities are you involved in? Please list any positions you currently hold with another public agency. ORANGE COUNTY RACES GROUP 7. Do you or your spouse do business with or work for the City of Tustin or a business that contracts with the City of Tustin? If yes, explain: [J Yes I!I No 8. Do you or your spouse do business with developers or work for a business that provides services for developers or vendors of developers? If yes, explain: eYes m No 9. Have you ever been convicted (including pleading "no contest") of an offense other than receiving a traffic citation? [] Yes EI No This includes any convictions which have been expunged from the record or have been dismissed after conviction. A yes answer is not an automatic disqualification to appointment; items are considered only as it relates to the position for which you are applying. If yes, please attach a written explanation. If applicable, Include offense(s), place(s), date(s) and penalty (Ies). PLEASE READ CAREFULLY BEFORE SIGNING I certify that all statements made in this application are true and complete. I agree and understand that any misrepresentation or omission of a fact may result in disqualification of my application, refusal of appointment, and/or dismissal from appointment with the City. Signature: Date: This application must be completed in full and your resume indicating current and prior employment for ten (10) years must also be attached for your application to be considered. Please return application and resume to: City of Tustin Office of the City Clerk 300 Centennial Way Tustin, California 92780 Thank you for your interest in serving our community! THOMAS M. STROUD QUALIFICATIONS AND EXPERIENCE 2480 Irvine Blvd., #263, Tustin Ranch, CA 92782 Tel714-514-0021 Fax 714-464-4445 stroudt@earthlink.net QUALIFICATIONS Results-oriented Executive-CPA with 26 years experience in commercial real estate. Leased and/or sold industrial, office, retail buildings and land throughout Southern California. Primary specialization has been in the sale and acquisition ofleased investment real estate. Experience includes: Commercial Real Estate Sales and Leasing Market Analysis Property Valuation Strategic Planning for Best Use of Site Lease vs. Own Analysis Due Diligence Implementation Computer Applications and Analysis Property Management Marketing Development and Implementation Investment Analysis Feasibility Studies Relocation Planning and Site Selection Lease and Purchase Contract Review Business Development Project Management Cash Flow Analysis PAST ACCOMPLISHMENTS AND EXPERIENCE SilverCreek Real Estate Services, Inc. - Irvine, CA August 2002 to Present President & Principal SilverCreek, a full service commercial brokerage, specializing in the acquisition of retail properties. The primary client is SilverCreek Properties, LLC a real estate development company developing and refurbishing retail properties. Collins Commercial Corporation - Newport Beach Vice President - Investments Collins Commercial is a full-service commercial brokerage company. As Vice President of the Investment Division, the concentration is on the acquisition and disposition leased investments - industrial, office and retail properties. Also work with users on the sale and lease of major facilities. February 1998 to August 2002 Lee & Associates - Ontario September 1996 to February 1998 Senior Vice President - Partner Lee & Associates - Ontario is a full-service industrial and office brokerage company serving the Inland Empire. It is part of an 18 office 300-broker organization. My specialization at Lee & Associates was the acquisition and disposition of leased investments, sale and leaseback of user properties, and user representation. Represented both parties in the potential sale and partial leaseback of a 108 acre complex valued in excess of $70,000,000. Chaired committee to review executive office to detennine compensation and job description for chief executive officer of finn. Served as interim CEO during restructure of office and search for new CEO. Sperry Van Ness - Newport Beach, CA Senior Vice President Speny Van Ness has nine offices with 200 agents specializing in the sale of investment real estate; apartments, office buildings, leased manufacturing and warehouse buildings and sale-leaseback transactions. May 1991 to September 1996 Consistently one of the top producers specializing in sale of leased industrial and office properties ranging in value ITom $800,000 to $75,000,000. Developed numerous marketing, lease and sale analysis computer programs to help buyers, sellers, tenants and landlords analyze complex alternatives and improve decision making. The Seeley Company, Torrance, CA December 1984 to May 1991 Senior Vice President The Seeley Company is a full-service industrial, office and retail brokerage company with nine offices and 123 agents serving the greater Los Angeles Five County area. Developed and carried out comprehensive property marketing programs for industrial and office properties ranging in size from a few thousand square feet to over 900,000 square feet, which successfully achieved the sales or leasing objectives of clients. Crown Associates W. H. Daum The Seeley Company Real Estate Broker Regional industrial real estate firms. Developed and implemented extensive real estate marketing and acquisition programs for individuals, partnerships and corporations involving all types of real estate transactions. One major accomplishment was the $25,980,000 sale of American Standard Corporation's 550,000 square foot Torrance manufacturing plant on 50 acres. December 1982 to December 1984 April 1980 to December 1982 September 1977 to April 1980 The Foothill Group, Inc" Los Angeles, CA, Treasurer and Chief Financial Officer Started as Controller of equipment leasing and financing subsidiary. Was promoted through the organization as Controller and eventually Treasurer and Chief Financial Officer of this publicly traded financial services company. Also served as Treasurer of Foothill Thrift and Loan. July 1971 to September 1977 Shareholders Management Company Manager - Mutual Fund Accounting Accounting manager of all mutual funds under the Shareholder's umbrella of mutual funds. The largest Fund was Enterprise Fund. Responsibilities included the daily pricing of the all securities in each of the seven Mutuai Funds. Also responsible for various SEC filings. 1968 to 1971 Regional Certified Public Accounting Firms 1963 to 1968 Junior Accountant to Certified Public Accountant Performed all tasks related to public accounting. Performed annual certified audits, tax planning and tax preparation. Reviewed client accounting procedures and financial internal controls. EDUCATION Bachelor of Business Administration - Accounting Major Woodbury University Certificate of Investment Real Estate - University of California -Irvine PROFESSIONAL DESIGNATIONS California Certified Public Accountant (CPA) Society of Industrial and Office Realtors (SIOR) Certified Commercial Investment Member (CCIM) Past President - American Industrial Real Estate Association (AIR) COMPUTER SKILLS Microsoft Word Microsoft Excel Microsoft PowerPoint Act! For Windows Argus Internet ~ SI~ Expect more. January 26, 2005 1201 New Yock A,e" NW, S"Ite 350 Washington, DC 20005.6126 USA CITY OF TUSTIN Tel, 888.891.SI0R (toll feee) (+1) 202.449.8200 FIDe (+1) 202.449.8201 Www.s>oc.com ZOOS FEB -I A q: 52 City of Tustin City Clerk's Office 200 Centennial Way Tustin, California 97280 Re: Thomas Stroud-Audit Committee To Whom It May Concern: This letter is to recommend Tom Stroud for a position on the Audit Committee of the City of Tustin and to make you aware of the important contribution that Tom has made to the Society of Industrial and Office Realtors (SIOR) in his role as Treasurer. Tom has taken much time away from his professional life and sacrificed a number of weekends, in order to help me rectify a number of problems in SIOR's finance and accounting function that I encountered upon taking over as CEO last year. Despite the many frustrations Tom had experienced during the previous year, his efforts were unflagging. Tom's continued perseverance was very much appreciated, and SIOR's leadership has recognized his invaluable assistance. Tom was instrumental in the hiring of a new Chief Financial Officer and took great pains to ensure that the new CFO was conversant with the financial accounting system used by SIOR, and with FRX, our financial reporting system. Tom flew to Washington, DC to participate in the interview process in which he played an integral part. The result was that we hired someone who has turned out to be an outstanding CFO. Tom has been unwavering in his support and had an integral role in rectifying the historic difficulties in Finance and Accounting. I look forward to working with him as Treasurer in the two-year term tò which he was just re-elected. There is no question that Tom would be very effective in a position on your Audit Committee. He is extremely knowledgeable and dedicated. Please feel free to call me if you have any questions. I would be happy to elaborate. Sincerely, .(;~ldir(¿:lfÍe~~~ Richard E. Hollander Executive Vice President SOCIETY 0, INDU"RIAI AND O,C/CE REAUOR~ The WDM's Leading Commelcial Real Estate Professionals Pcesldent . Kevin J. Crowley, SIOR Plesldent.Elect. Sten Mullin, CCIM, CRE, SIOR Vice Pcesiden! . Randall L. Welker, SIOR Tceeau",c . Thomes M. Stroud, CCIM. SIOR Immediete Past P",sident . David T. Houston Jr., CRE. SIOR Executl,e Vice P",sident . Richard E. Hollander