Agenda - 12-07-1981 - Laserfiche WebLink

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5. Reservations in Owners. Furnish the COUNTY, if requested by the COUNTY the APPROTAITTsi575Te7577517value of any right or interest proposed to be reserved by the owner in a property appraised by the APPRAISER, including such reservations as mineral rights, an easement for access to other property of the owner, the right to continue occupancy for an extended period after the COUNTY acquired the property, or the right to remove any building, structure, fixture, or other improvement, or a part thereof, at the owner's expense and without cost to the COUNTY, The compensation to be paid to the APPRAISER for furnisning any such valuations, and such data and analyses as may be required to support the valuations shall be determined, as applicable, in accordance with the provisions of SECTION VI. 7. Retention of Appraisal Records. Retain a copy of each appraisal report and all notes and records germane to the appraisal for three years after delivering the appraisal report to the COUNTY or until the property is acquired by the COUNTY or its proposed acquisition of the property is abandoned, whichever is the later. 8. Consultation with COUNTY. Advise and consult with the COUNTY and its legal counsel regarding services performed and to be performed by the APPRAISER and the real property acquisition aspects of the COUNTY plan and programs as related to the properties involved in this agreement, at such time or times as may be mutually convenient for the parties to this agreement, without additional charge to the Agency. The APPRAISER shall initiate such consultations whenever he is in doubt as to whether an element of property is real or personal property or needs legal advice on any aspect of the appraisals to be furnished under this agreement. There shall be no charge by any party for such consultations except as may be outlined in SECTION VI. SECTION IV CONTENTS OF APPRAISAL REPORTS Each appraisal report to be furnished by the APPRAISER under this agreement shall contain certain information and the APPRAISER'S conclusions and opinions, together with the data and analyses by which they were derived, as set forth below. A separate report shall be submitted for each parcel. However, if more than one parcel is to be appraised, all general data may be included in separate data volume that is referenced in the separate appraisal reports on the individual parcels. The appraisal reports on each parcel shall include the following: 1, Appraisal Summary. A cover sheet headed 'Appraisal Report for the County of Orange, North Carolina - Community Development Program, that provides the following: a. Project name and number. (To be provided by County). b. Date of report. c, Parcel number, address of the property, brief identification of the interest in the property appraised, ana the name of the owner or owners. d. Date or dates of the APPRAISER'S insoection of the property with the owner, owners, or the owner's designated representativie, including the name of each owner er representative of an owner wno accompanied the APPRAISER during his inspection and the interest held in the property or representative capacity of each such oerson. Identify any cwners of a compensable interest in the property, who were not present or represented during the kPPRA1SER'S inspection, including identification of the interest in the property neld by each such owner. For each represented owner, include in the narrative eortion ef the appraise report the evidence of notification required by SECTION !II of tnis agreement ana any further explanation deemed appropriate, e. The APPRAISER'S estimate of the fair market value of the prooerty and the fair market ialue of the same interest in the -.and, if vacant.. f, Any other fact or eenclusion from the APPRAISER'S report enich the COUNTY requests the APPRAISER :o incluoe on the summary page. -4-