Orange County NC Website
assistance in connection therewith; and <br /> NOW, THEREFORE, the COUNTY and the APPRAISER, in consi- <br /> deration of. these premises and of the mutual convenants <br /> herein set forth, do mutually agree as follows: <br /> SECTION I <br /> PROPERTY TO BE APPRAISED <br /> A description of the real property to be appraised, <br /> including an identification of any interest in the real <br /> property to be specifically excluded from appraisal, are set <br /> forth in the attached Exhibit A. A separate appraisal is to <br /> be furnished for each "parcel. " The term "parcel" means any <br /> tract or contiguous tracts of land in the same ownership, <br /> whether any such tract consists of one or more platted lots <br /> or a fractional part of a lot. An easement or other <br /> separately held interest in two or more parcels shall be <br /> considered to be a separate parcel for appraisal purposes and <br /> an exception to the title to the parcels so encumbered. An <br /> easement in a parcel that is appurtenant to another parcel to <br /> be acquired by the COUNTY shall be considered to be part of <br /> such other parcel and an exception to the title of the parcel <br /> encumbered. ) Each parcel shall be considered to include all <br /> right, title, and interest of the owner in or to any adjacent <br /> or abutting streets, alleys, or other public rights-of-way. <br /> SECTION II <br /> PURPOSE AND BASIS OF VALUATIONS <br /> 1. Purpose of Significance of Appraisals. The <br /> appraisals to be furnished under this agreement are required. <br /> by the COUNTY for its guidance in making fair and impartial <br /> determinations of possible damages and the just compensation <br /> to be offered to each property owner. The APPRAISER shall be <br /> guided by those objectives when estimating values. Appraisal <br /> reports will be reviewed carefully by the COUNTY. Accord- <br /> ingly, the text of each appraisal report must cover all <br /> matters germane to the required valuation findings and must <br /> provide a full explanation of the APPRAISER'S reasoning and <br /> his analyses of the evidences of value, so that a reviewer <br /> will be able to follow the APPRAISER'S analyses and <br /> understand how he reached his valuation conclusions. <br /> 2 . Appraisal Standards. The Appraisals under this <br />