Agenda - 12-07-1981 - Laserfiche WebLink

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SECTION III SCOPE OF SERVICES The APPRAISER agrees zo perform the following services: 1. Appraisals, Appraise each parcel comprising part of the real property described in SECTION 1 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 APPRIASER, or to have his designated rapresentative accomoany the APPRAISER, during his detailed inspection of the property. If an owner of a compensable interest in the property or a representative of such owner does not accompany the APPRAISER during such inspection, the APPRAISER shall include in his appraisal report a copy of his notification to such owner of such opportunity to accompany the APPRAISER, certified by the APPRAISER to have been delivered to such owner personally or by certified or registered mail not less than seven (7) days prior to his inspection of the property. In the process of inspecting property, the APPRAISER shall, to the extent practicable, ascertain the rights of all parties in possession and note for consideration all factual information and comments furnished by the owner or his representative relevant to the appraisal. If the APPRAISER's inspection or investigation discloses a sale of a portion of a parcel by an unrecorded contract of sale or otherwise, the APPRAISER shall furnish separate reports for each separately owned portion of the parcel. If another APPRAISER is also to appraise the same property, the APPRAISER may make his inspection with such other appraiser, but must otherwise prepare his appraisal report independently. 3. Valuation Data. Make such investigations, studies, and property inspections as are appropriate to enable the APPRAISER to derive sound conclusions and to prepare the appraisal reports to be furnished under this agreement. The APPRAISER shall ascertain the most recent sale of each property appraised and any other sales of such property during the last five years or in accordance preceding the appraisal and shall investigate any recent offer or offers of the owner to sell his property. Such sale or sales of the property appraised and all recent sales of other properties that are sufficiently comparable to the property being appraised to be considered by the APPRAISER in forming his opinion of fair market value shall be verified insofar as practical. Each such verifica- tion shall include inspecting the property and interviewing the seller, buyer, agent, or other person, aho participated in the transaction, to ascertain the consideration paid, the terms and conditions of the sale, any special factors affecting the amount of the sale price, and the actual character and condition of the property at the time of sale, 4. Testimony in Judicial Proceedinas. Testify as an expert witness in behalf of the COUNTY in any judicial proceedings involving any property appraised antler this agreement. Sucn services shall include such reasonable time as may be reouired for reinsoection of the aroperty, updating the APPRAISER'S valuation, participation in ore-trial conferences with counsel for the COUNTY, and testifying in the judicial proceeding. Such services snail be compensates in accordance with SECT:ON II, S. Modification of Delivered Appraisal Reoorts. Modify or furnish supplements to any aepraisal report furnisned lereunder, without additional cost to vie COUNTY, if (a) applicable principles of law •ith respect to the raluation of the aroperty require the modification 3r supplementing of such appraisal, (d) material omissions, inaccuracies, or defects in the appraisal report are discovered after delivery and acceptance of the report by zne :OUNTY, or (c) the APPRAISER receives or becomes aware 3f relevant adaitional aporaisal information in existence prior to the date the APPRAISER signed the report. If there is a significant aelay between the late of taluation and the date of acquisition of any parcel or if :me aroperva has been materially altered since the appraisal by a fire, a revised determination of the 3ounaaries or the interest to be acouireo, or other cause, :he APPRAISER snall, if reauested ay the :OUNTY, furnis. the ;OUNTY a supplementary report dooating us valuation and the supporting :ate and analyses to a current lace. The compensat:on For sucn pdating of an appraisal shall be determinea in accordance aith any applicaple orovisions lf :nis agreement. .2.