Agenda - 10-06-1986 - Laserfiche WebLink

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SECTION II PURPOSE AND BASIS OF VALUATIONS O8 t 1. Purpose of Significance of Appraisals . The appraisals to be furnished under this agreement are required by the COUNTY for its guidance in making fair and impartial determinations of possible damages and the just compensation to be offered to each property owner. The APPRAISER shall be guided by those objectives when estimating values. Appraisal reports will be reviewed carefully by the COUNTY. Accord- ingly, the text of each appraisal report must cover all matters germane to the required valuation findings and must provide a full explanation of the APPRAISER'S reasoning and his analyses of the evidences of value, so that a reviewer will be able to follow the APPRAISER'S analyses and understand how he reached his valuation conclusions. 2. Appraisal Standards . The Appraisals under this agreement shall be based on nationally recognized appraisal standards and techniques to the extent that such principals are consistent with the concepts of value and the rules on the admissibility of evidence of value under the eminent domain law of the State. Factors relating to race, color, religion, sex or national origin, or to racial, religious and ethnic identification of neighborhoods are not relevant to the estimation of value and shall not be considered in connection with appraisals of residential real property. 3. Date of Valuation . The APPRAISER'S valuation shall be as of a date concurrent with the preparation of his report, unless the COUNTY has specified some other date of valuation. 4. Influence of Proiect on Property Value In forming his Opinion(s) , the APPRAISER shall disregard any decrease or increase in the fair market value of the real property to be acquired, prior to the date of valuation, caused by the project for which the property is to be acquired, or by the likelihood that the property would be acquired for such project, other than that due to physical deterioration within the reasonable control of the owner. (In the case of a partial acquisition, using the before-and-after method of valuation, the APPRAISER'S opinion of the value of the remaining not-to-be-acquired portion of the property shall reflect any increase or decrease in value attributable to the project.) If the determination of changes in value caused by the project is a problem, the APPRAISER'S report shall cite the ruling followed and its source and shall explain the effect of the ruling on his opinion of value. SECTION III SCOPE OF SERVICES The APPRAISER agrees to perform the following services: 1. Appraisals . Appraise each parcel comprising part of the real property described in SECTION I of this agreement and deliver to the COUNTY are (1) original and two (2) copies of the appraisal reports conforming to the provisions of this agreement. The time delivery for these appraisals shall conform to the provisions of SECTION VI. 2. Property Inspection . Personally inspect each parcel, including all buildings, structures, improvements, fixtures, appurtenances, and other elements of value thereon or belonging thereto. The APPRAISER shall give the owner an opportunity, by reasonable advance notice in writing or otherwise, to accompany the APPRAISER, or to have his desig- nated representative accompany the APPRAISER, during his detailed inspection of the property. In the process of inspecting property, the APPRAISER shall, to the extent practicable, ascertain the rights of all parties in posses- sion and note for consideration all factual information and • comments furnished by the owner or his representative rele- vant to the appraisal. If the APPRAISER'S inspection or investigation disclosses a sale of a portion of a parcel by an unrecorded contract of sale or otherwise, the APPRAISER -2-