Agenda - 12-07-1981 - Laserfiche WebLink

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NOW, THEREFORE, the COUNTY and the APPRAISER, in consideration of these premises and of the mutual convenants herein set forth, do mutually agree as follows: SECTION I PROPERTY TO BE APPRAISED A description of the real property to be appraised, including an identifi- cation of any interest in the real property to be specifically excluded from appraisal, are set forth in the attached Exhibit A. A separate appraisal is to be furnished for each "parcel". (The term "parcel" means any tract or contiguous tracts of land in the same ownership, whether any such tract consists of one or more platted lots or a fractional part of a lot. An easement or other separately held interest in two or more parcels shall be considered to be a separate parcel for appraisal purposes and an exception to the title to the parcels so encumbered. An easement in a parcel that is appurtenant to another parcel to be acquired by the COUNTY shall be considered to be part of such other parcel and an exception to the title of the parcel encumbered.) Each parcel shall be considered to include all right, title, and interest of the owner in or to any adjacent or abutting streets, alleys, or other public rights-of-way. SECTION Li PURPOSE AND BASIS OF VALUATIONS 1. Purpose and 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 fair market value 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. Accordingly, 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 valuationoconclus o ins.APP�ISER'S analyses 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 cne preparation of his report, unless the COUNTY has specified some other date of valuation. a. Relocation Assistance. The APPRAISER'S analyses and opinions of property value shall not reflect any allowance for the relocation payments and other assistance provided under Title II of the Uniform Act. 5. Influence of Project on Property Value. In forming his opinion(s), the APPRAISER she' d sregar any aecrease 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 oe acquired, or by the likelihood that the property .could ee acquired for such project, other than that due to pnysical 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 ialue attribu- table to the project.) if :he 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. -2-