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7. Retention of Appraisal Records . Retain a copy of <br /> each appraisal report and all notes and records germane to <br /> the appraisal for three years after delivering the appraisal <br /> report to the COUNTY or until the property is acquired by the <br /> COUNTY or its proposed acquisition of the property is aband- <br /> oned, whichever is the later. 09i <br /> 8. Consultation with COUNTY . Advise and consult with <br /> the COUNTY and its legal counsel regarding services performed <br /> and to be performed by the APPRAISER and the real property <br /> acquisition aspects of the COUNTY plan and programs as <br /> related to the properties involved in this agreement, at such <br /> time or times as may be mutually convenient for the parties <br /> to this agreement, without additional charge to the Agency. <br /> The APPRAISER shall initiate such consultations whenever he <br /> is in doubt as to whether an element of property is real or <br /> personal property or needs legal advise on any aspect of the <br /> appraisals to be furnished under this agreement. There shall <br /> be no charge by any party for such consultations except as <br /> may be outlined in SECTION VI. <br /> SECTION IV <br /> CONTEXTS OF APPRAISAL REPORTS <br /> Each appraisal report to be furnished by the APPRAISER <br /> under this agreement shall contain certain information and <br /> the APPRAISER'S conclusions and opinions, together with the <br /> data and analyses by which they were derived, as set forth <br /> below. A separate report shall be submitted for each parcel. <br /> However, if more than one parcel is to be appraised, all <br /> general data may be included in separate data volume that is <br /> referenced in the separate appraisal reports on the indivi- <br /> dual <br /> parcels. The appraisal reports on each parcel shall <br /> include the following: <br /> 1. Appraisal Summary A cover sheet headed <br /> "Appraisal Report for the County of Orange, North Carolina <br /> that provides the following: <br /> a. Project name and number. (To be provided by <br /> County) . <br /> b. Date of report. <br /> c. Parcel number, address of the property, brief <br /> identification of the interest in the property <br /> appraised, and the name of the owner of owners. <br /> d. Date or dates of the APPRAISER'S inspection of the <br /> property with the owner, owners, or the owner's <br /> designated representative, including the name of <br /> each owner or representative of an owner who <br /> accompanied the APPRAISER during his inspection and <br /> the interest held in the property or representative <br /> capacity of each such person. Identify any owners <br /> of a compensable interest in the property, who were <br /> not present or represented during the APPRAISER'S <br /> inspection, including identification of the inter- <br /> est in the property held by each such owner. <br /> e. The APPRAISER'S estimate of the fair market value <br /> of the property and the fair market value of the <br /> same interest in the land, if vacant. <br /> f. Any other fact or conclusion from the APPRAISER'S <br /> report which the COUNTY requests the APPRAISER to <br /> include on the summary page. <br /> -4- <br />