Real Estate Appraisal Services

The Vendor is required to provide On-Call Professional Real Estate Appraisal Services for developed and undeveloped residential, commercial and industrial properties located throughout the City (including City-owned properties).
- Appraisal for easement acquisitions will reflect the restrictive elements of the easement to be acquired and the potential effect of such elements on the utility of the property, considering its highest and best use. Full details with respect to any interference with the highest and best use of the property affected must be explained and supported.
- The Appraiser must estimate and support the economic rent, state the contract rent, and the remaining term of the lease as of the date of value. Include lessor and lessee responsibilities for paying major expenses, e.g., taxes, insurance, and maintenance.
- Consultant must be qualified to provide expert witness testimony and defend conclusions reached in the appraisal at Administrative/ Judicial proceedings.
- Consultant may be required to meet with and coordinate their efforts with City staff, City legal counsel, and/or other consultants; participate in office or assignment site meetings.
- Appraisal reports may be reviewed for acceptance and approval by the City. Revisions may be required by reason of this review process. Consultants may be requested to complete and deliver revised and/or updated appraisals.