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<br /> <br /> <br /> <br />PROPOSAL TO CONSULT <br />August 2, 2019 <br /> <br />Gary Donaldson <br />Interim Tax Director <br />Orange County Office of Tax Administration <br />228 S. Churton Street, Suite 200 <br />Hillsborough, NC 27278 <br />Re: Commercial land sales information and supporting data in Orange County and surrounding area <br /> <br />Purpose: To provide information that will support the upcoming Orange County Tax Reassessment. <br /> <br />Type of project/Scope of work: Our work product will comprise the following: <br /> <br /> Investigation of commercial land sales in Orange County and surrounding areas. Sales will range in size <br />from small acreage to large acreage tracts. Land sales will be located using public records, Triangle <br />Multiple Listing Service (TMLS), CoStar, Loopnet, lending institution’s databases, realtor’s files, appraiser’s <br />files and Analytical’s own in-house data sources. It is worth noting that Analytical Consultant’s has a <br />significant existing database of verified land sales. Verification of land sales will be made wherever <br />possible with a buyer, seller or broker or realtor directly involved in the transaction. Lawyers, lending <br />institutions and public records are considered secondary data sources and in some cases these sales may <br />be disregarded. Sales will be sorted by property type. <br /> <br />The results of the analysis and supporting data will be presented to the Orange County Office of Tax <br />Administration in electronic and paper formats. <br /> <br />Due Date: Prior to August 15, 2019 <br /> <br />Fee: $10,000 <br /> <br />Payment Terms: The full fee is due within 30 days of our report delivery. Once the report is accepted, <br />further work on the part of Analytical will be billed at $150 (staff) or $250 (Paul Snow) per hour. <br /> <br /> <br /> <br />125 Kingston Drive <br />Suite 206 <br />Chapel Hill, NC 27514 <br />DocuSign Envelope ID: 48D95A50-1183-4EB9-9997-46BD3A0D7724