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HomeMy WebLinkAboutResolution_BPW_05-18-22-02; Traynor & Associates, Inc.; ($2,000.00); Appraisal Report - Parcel 2; 20-ENG-02 - 116th Street and College RABRESOLUTION NO. BPW 05-18-22-02 RESOLUTION OF THE CITY OF CARMEL BOARD OF PUBLIC WORKS AND SAFETY ACKNOWLEDGING AGREEMENT BETWEEN CITY AND VENDOR WHEREAS, pursuant to Indiana Code 36-1-4-7, the City of Carmel, Indiana (“City”), is authorized to enter into contracts; and WHEREAS, pursuant to Indiana Code 36-4-5-3, the City’smayor may enter into contracts on behalf ofthe City; and WHEREAS, pursuant to his authority under Indiana law, the City’smayor, the Honorable James C. Brainard, has caused to be signed the Agreement attached hereto as Exhibit A (the “Contract”); and WHEREAS, Mayor Brainard now wishes to present the contract to the City’sBoard of Public Works and Safety for it to be publicly acknowledged, filed in the Clerk’sOffice, and made available to the public for review. NOW, THEREFORE, BE IT RESOLVED by the City of Carmel Board of Public Works and Safety as follows: 1. The foregoing Recitals are incorporated herein by this reference. 2. The receipt of the Contract is hereby acknowledged. 3. The Contract shall be promptly filed in the office of the Clerk and thereafter made available to the public for review. SO RESOLVED this day of , 2022. CITY OF CARMEL, INDIANA By and through its Board of Public Works and Safety BY: James Brainard, Presiding Officer Date: Mary Ann Burke, Member Date: Lori S. Watson, Member Date: ATTEST: Sue Wolfgang, Clerk Date: S:\\EBass\\MyDocuments\\BPW-Resolutions\\2022\\Acknowledge Agreement Traynor & Associates, Inc. - 106th & College RAB - Parcel 2 - Appraisal.docx5/11/2022 1:46PM 18th May DocuSign Envelope ID: E5671049-8E1B-493D-8964-FFA50FBBDABF Not Present 5/18/2022 5/18/2022 5/18/2022 DocuSign Envelope ID: E5671049-8E1B-493D-8964-FFA50FBBDABF Exhibit A Traynor&Associates,Inc. RealEstate Appraising &Consulting May 4, 2022 Mr. Sergey Grechukhin City of Carmel 1 Civic Square Carmel, Indiana 46032 RE: Appraisal Report th500E106Street Carmel, Indiana 46280 Parcel # 29-13-02-409-013.000-018 Dear Mr. Grechukhin, Traynor & Associates, Inc. is submitting aLetter of Engagement for a signed agreement to perform an appraisal for the above referenced property. The appraisal report results will be communicated in an appraisal of the market value, as per the Uniform Standards of Professional Appraisal Practice USPAP). The client and intended user is the City of Carmel. The intended use is to estimate an “As Is” market value of the subject, referenced above, in order to provide an estimated market value conclusion for the City of Carmel, the client, to assist in internal decision making. The fee for the appraisal is $2,000. Payment is due upon completion of the reports. In the event, if it is necessary for you the client to stop work on the appraisal, you agree to pay for time and costs incurred prior to the receipt of written notice of such astop order. Our appraisal work will start upon receipt of a signed copy of this letter of engagement. The fee for the appraisal is for the service rendered and not necessarily the time spent in preparation of the actual physical report. The above fee does not include $125 per hour for research and deposition. The above fee does not include a charge for court appearances or appearances before government agencies to give testimony, if such should be required. The fee for such services will be Two Hundred Twenty Five Dollars ($225.00) per hour, with a minimum of Nine Hundred Dollars ($900.00). These rates are subject to change but will remain valid for aperiod of six (6) months, from the date of execution of this agreement. One half (½) days’ notice of the cancellation of a scheduled court appearance is required and in lieu of such notice, the minimum appearance fee of Nine Hundred Dollars 900.00), will be charged. The minimum fee is due prior to testimony. TH6750E75Street Indianapolis, IN 46250 317)813-4990 www.traynorassociates.cominfo@traynorassociates.com DocuSign Envelope ID: E5671049-8E1B-493D-8964-FFA50FBBDABF Traynor&Associates,Inc. RealEstate Appraising &Consulting The findings and conclusions of the appraisal will be reported to our client. The findings will not be reported to any other individuals, unless we are otherwise authorized. It will be necessary for us to disclose the fact that we are undertaking the appraisal as we proceed through the investigation process. The evaluation and analysis of the subject property as it appears in the appraisal review report will be the opinion of Joseph C. Traynor, his associates and staff. The fee for this appraisal is not contingent upon any particular conclusions. The appraiser’s liability to the client is limited to the amount of the fee as liquidated damages. The appraisers hereby limit their liability to the client alone and the use of the appraisal by third parties shall be at the risk of the client and/or the third party. We will have the appraisals completed within 4 weeks, from the execution of this agreement. We thank you for your interest in our firm’s services. If this contract meets with your approval, please so indicate by your signature. Upon receipt, please return a signed copy. Sincerely, Joseph C. Traynor, MRICS Indiana Certified General Appraiser #CG69100233 President Traynor & Associates, Inc. Accepted By: Date: TH6750E75Street Indianapolis, IN 46250 317) 813-4990 www.traynorassociates.com info@traynorassociates.com DocuSign Envelope ID: E5671049-8E1B-493D-8964-FFA50FBBDABF Traynor&Associates,Inc. RealEstate Appraising &Consulting ASSUMPTIONS AND LIMITING CONDITIONS THIS APPRAISAL IS SUBJECT TO THE FOLLOWING UNDERLYING ASSUMPTIONS AND QUALIFYING AND LIMITING CONDITIONS: 1. This is an Appraisal Report, which is intended to comply with the reporting requirements set forth under Standard Rule 2 2(a) of the Uniform Standards of Professional Appraisal Practice for an Appraisal Report. As such, it includes a discussion of the data, reasoning and analyses that were used in the appraisal process to develop the appraiser’s opinion of value. It also includes descriptions of the subject property, the property's locale, the market for the property type, and the appraiser’s opinion of the highest and best use. 2. The value of the property is expressed in dollars on the date specified and is subject to any changes in the value of the dollar. All existing liens or encumbrances have been disregarded and the property is appraised as though free and clear under responsible ownership and competent management. 3. The legal description furnished is assumed to be correct. No survey was available (unless otherwise stated) and the dimensions used are from sources deemed to be reliable. 4. All information and comments concerning the location, neighborhood, trends, construction quality and costs, loss in value from whatever cause, condition, rents, or any other data of the property appraised herein represent the estimates and opinions of the appraiser, formed after an examination and study of the property. 5. It is assumed that there are no hidden or unapparent conditions of the property, subsoil, or structures that render it more or less valuable. No responsibility is assumed for such conditions or for arranging for engineering studies that may be required to discover them. 6. It is assumed that there is full compliance with all-applicable federal, state and local environmental regulations and laws unless noncompliance is stated, defined and considered in the appraisal report. 7. It is assumed that all applicable zoning and use regulations and restrictions have been complied with, unless a nonconformity has been stated, defined and considered in the appraisal report. TH6750E75Street Indianapolis, IN 46250 317) 813-4990 www.traynorassociates.com info@traynorassociates.com DocuSign Envelope ID: E5671049-8E1B-493D-8964-FFA50FBBDABF Traynor&Associates,Inc. RealEstate Appraising &Consulting 8. It is assumed that all required licenses, certificates of occupancy, consents or other legislative or administrative authority from any local, state or national government or private entity or organization have been or can be obtained or renewed for any use on which the value estate contained in this report is based. 9. It is assumed that the utilization of the land and improvements is within the boundaries or property lines of the property described and that there is no encroachment or trespass unless noted in the report. 10. The forecasts, projections or operating estimates contained herein are based upon current market conditions, anticipated short term supply and demand factors and a continued stable economy. These forecasts are, therefore, subject to changes in future conditions. 11. In preparing this appraisal, the appraisers were required to rely on information furnished by other individuals or found in previously existing records and/or documents.While it is believed the information, estimates and analysis given and the opinions and conclusions drawn therefrom are correct, the appraisers do not guarantee them and assumes no liability for any errors in fact, in analysis, or in judgment as a result of the inaccuracy of such information. No attempt has been made to render an opinion of title or status of easements or of any other matter of a legal nature. 12. The distribution of the total valuation in this report between land and improvements apply only under the existing program or utilization. The separate valuations for land and buildings must not be used in conjunction with any other appraisal and are invalid if so used. 13. Possession of this report, or a copy thereof, does not carry with it the right of publication, nor may it be used for any purpose by any but the client for whom itwas made without the consent of the appraisers or the client. 14. The fee for this appraisal does not provide compensation for conference or testimony or attendance in court, with reference to the property in question. 15. This appraisal represents the independent opinions of the appraiser’sfree from any commitments and free from any present or contemplated future interest in the property, with the sole compensation for the employment being a fair professional fee. 18. Neither the fee nor the employment to make the appraisal was contingent on the value to be reported. Further, the appraisal was not based on a requested minimum valuation, specific valuation or the approval of a loan. TH6750E75Street Indianapolis, IN 46250 317) 813-4990 www.traynorassociates.com info@traynorassociates.com DocuSign Envelope ID: E5671049-8E1B-493D-8964-FFA50FBBDABF Traynor&Associates,Inc. RealEstate Appraising &Consulting 19. The existence of hazardous material, which may or may not be present on the property, was not observed by the appraisers.The appraisers have no knowledge of the existence of such materials on or in the property unless specifically stated within the appraisal report. The appraisers are not qualified to detect such substances and no responsibility is assumed for any such conditions, or for any expertise or engineering knowledge required to discover them. The client is urged to retain an expert in this field, if there is any suspicion of hazardous material. 20. The presence of substances such as asbestos, urea-formaldehyde foam insulation, radon gas, or other potentially hazardous materials may affect the value of the property. The value estimate is predicated on the assumption that there is no such material on or in the property that would cause a loss in value. 21. The Americans with Disabilities Act (“ADA”) became effective January 26, 1992. It is possible that a compliance survey of the property, together with a detailed analysis of the requirements of the ADA, could reveal that the property is not in compliance with one or more of the requirements of the Act. Since we have no direct evidence relating to this issue, we did not consider possible noncompliance with the requirements of ADA in estimating the value of the property. TH6750E75Street Indianapolis, IN 46250 317) 813-4990 www.traynorassociates.com info@traynorassociates.com DocuSign Envelope ID: E5671049-8E1B-493D-8964-FFA50FBBDABF Traynor&Associates,Inc. RealEstate Appraising &Consulting TH6750E75Street Indianapolis, IN 46250 317) 813-4990 www.traynorassociates.com info@traynorassociates.com DocuSign Envelope ID: E5671049-8E1B-493D-8964-FFA50FBBDABF Traynor&Associates,Inc. RealEstate Appraising &Consulting TH6750E75Street Indianapolis, IN 46250 317) 813-4990 www.traynorassociates.com info@traynorassociates.com DocuSign Envelope ID: E5671049-8E1B-493D-8964-FFA50FBBDABF CityCarmel INDIANA RETAIL TAX EXEMPT CERTIFICATE NO. 003120165 002 0 Page 1 of 1 PURCHASE ORDER NUMBERf o\\J/// Q,,l. FEDERAL EXCISE TAX EXEMPT 106517 THIS NUMBER MUSTAPPEARON INVOICES,AJPONECIVICSQUARE35-6000972 CARMEL, INDIANA 46032-2564 VOUCHER, DELIVERY MEMO, PACKING SLIPS, SHIPPING LABELS AND ANY CORRESPONDENCE FORM APPROVED BY STATE BOARD OF ACCOUNTS FOR CITY OF CARMEL - 1997 PURCHASE ORDER DATE DATE REQUIRED REQUISITION NO. VENDOR NO. I DESCRIPTION 5/4/2022 00351453 20-ENG-02- Appraisal Report- Parcel TRAYNOR & ASSOCIATES, INC City Engineering's Office VENDOR 6750 E 75TH ST SHIP 1 Civic Square TO Carmel, IN 46032- INDIANAPOLIS, IN 46250 - Laurie Slick PURCHASE ID BLANKET CONTRACT PAYMENT TERMS FREIGHT 65567 QUANTITY UNIT OF MEASURE DESCRIPTION UNIT PRICE EXTENSION Department: 2200 Fund: 0 2020 Road Bond Account: 44-628.71 1 Each 20-ENG-02 - Appraisal Report - Parcel 2 OF Ilt l Send Invoice To: Jill Newport CrossRoad Engineers, PC 115 N. 171" Avenue y'"-•, f' Beech Grove, IN 46107 PLEASE INVOICE IN DUPLICATE 2,000.00 $2,000.00 Sub Total $2,000.00 DEPARTMENT ACCOUNT PROJECT I PROJECT ACCOUNT AMOUNT PAYMENT $2,000.00 AIP VOUCHER CANNOT BE APPROVED FOR PAYMENT UNLESS THE P.O. NUMBER IS MADE A SHIPPING INSTRUCTIONS PART OF THE VOUCHER AND EVERY INVOICE AND VOUCHER HAS THE PROPER SWORN SHIP PREPAID. AFFIDAVIT ATTACHED. I HEREBY CERTIFY THAT THERE ISAN UNOBUGATED BALANCE IN C.O.D. SHIPMENT CANNOT BE ACCEPTED. THIS APPROPRIATION SUFFICIENT TO PAY FOR THE ABOVE ORDER. PURCHASE ORDER NUMBER MUST APPEAR ON ALL SHIPPING LABE THIS ORDER ISSUED IN COMPLIANCE WITH CHAPTER 99, ACTS 194 ANDACTS AMENDATORY THEREOF AND SUPPLEMENT THERETO. ORDERED BY Jeremy Kashman TITLE Director CONTROL NO. 106517 CONTROLLER DocuSign Envelope ID: E5671049-8E1B-493D-8964-FFA50FBBDABF