Real Estate Appraisal Services

The Vendor is required to provide real estate appraisal services include, but not be limited to, furnishing all labor, research, equipment, transportation, and materials necessary to satisfactorily perform the following services:
• Real property appraisal reports to estimate current fair market value of improved and unimproved parcels, including railroad right-of-way;
• Real property appraisal review services to assure completeness, accuracy, and adequacy of documentation of appraisal reports and other appraisal-related assignments;
• Benchmark appraisals of various industrial harbor department properties depicted in exhibit f “industrial properties map”, to determine the current fair market value;
• Institutional rate-of-return surveys to assist the harbor department in its efforts to establish and update the rate-of-return applied to harbor department properties;
• Market rent studies of marina slips, commercial waterfront space, and cruise-related uses;
• Feasibility valuation support for redevelopment or repositioning of waterfront assets; and
• Meetings and other appraisal-related consulting services as needed or required.