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HomeMy WebLinkAboutResolution_BPW_12-21-22-06;_Traynor_&_Associates,_Inc.;_($12,000.00);_ASA;_Appraisals_for_P1-5_&_P9_RESOLUTION NO. BPW 12-21-22-06 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. ASA - Haverstick Path.docx12/6/20222:46PM 21st December DocuSign Envelope ID: 90B4CA35-810F-4B4C-8A71-145F6440AD8E Not Present 12/21/2022 12/21/2022 12/21/2022 DocuSign Envelope ID: 90B4CA35-810F-4B4C-8A71-145F6440AD8E Exhibit A Traynor&Associates,Inc. RealEstateAppraising &Consulting December 1, 2022 Mr. Sergey Grechukhin City of Carmel 1 Civic Square Carmel, Indiana 46032 RE: Haverstick RoadMU Path Haverstick Road Carmel, Indiana 46280 Parcel #s: 29-14-07-406-023.000-018 29-14-07-406-024.000-018, 29-14-07-406-025.000-018 29-14-07-406-027.000-018, 29-14-07-406-028.000-018 29-14-07-406-029.000-018 29-14-07-406-030.000-018 29-14-07-401-036.000-018 Dear Mr. Grechukhin, Traynor & Associates, Inc. is submitting a Letter 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 clientand intended useris the City of Carmel.The intended use is to estimate an “As Is” exterior only)market value of the subjectparcels, referenced above, in order to provide an estimated market value conclusion for the City of Carmel, the client, to assist in internal decision making. There will be three (6)totalappraisals. The fee for each appraisal is $2,000, for a total fee of $12,000. Paymentisdue 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 a stop 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 TH6750E75Street Indianapolis, IN 46250 317)813-4990 www.traynorassociates.cominfo@traynorassociates.com DocuSign Envelope ID: 90B4CA35-810F-4B4C-8A71-145F6440AD8E Traynor&Associates,Inc. RealEstateAppraising &Consulting 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. 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 appearsin 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 4-5 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. AcceptedBy: Date: TH6750E75Street Indianapolis, IN 46250 317) 813-4990 www.traynorassociates.cominfo@traynorassociates.com DocuSign Envelope ID: 90B4CA35-810F-4B4C-8A71-145F6440AD8E Traynor&Associates,Inc. RealEstateAppraising &Consulting ASSUMPTIONS ANDLIMITING 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 itmore 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 anonconformity has been stated, defined and considered in the appraisal report. TH6750E75Street Indianapolis, IN 46250 317) 813-4990 www.traynorassociates.cominfo@traynorassociates.com DocuSign Envelope ID: 90B4CA35-810F-4B4C-8A71-145F6440AD8E Traynor&Associates,Inc. RealEstateAppraising &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 continuedstable 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 asa 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 carrywith it the right of publication, nor may it be used for any purpose by any but the client for whom it was 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’s free 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 TH6750E75Street Indianapolis, IN 46250 317) 813-4990 www.traynorassociates.cominfo@traynorassociates.com DocuSign Envelope ID: 90B4CA35-810F-4B4C-8A71-145F6440AD8E Traynor&Associates,Inc. RealEstateAppraising &Consulting valuation or the approval of a loan. 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. Theclient 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. TH6750E75Street Indianapolis, IN 46250 317) 813-4990 www.traynorassociates.cominfo@traynorassociates.com DocuSign Envelope ID: 90B4CA35-810F-4B4C-8A71-145F6440AD8E Traynor&Associates,Inc. RealEstateAppraising &Consulting TH6750E75Street Indianapolis, IN 46250 317) 813-4990 www.traynorassociates.cominfo@traynorassociates.com DocuSign Envelope ID: 90B4CA35-810F-4B4C-8A71-145F6440AD8E Traynor&Associates,Inc. RealEstateAppraising &Consulting TH6750E75Street Indianapolis, IN 46250 317) 813-4990 www.traynorassociates.cominfo@traynorassociates.com DocuSign Envelope ID: 90B4CA35-810F-4B4C-8A71-145F6440AD8E Traynor&Associates,Inc. RealEstateAppraising &Consulting TH6750E75Street Indianapolis, IN 46250 317) 813-4990 www.traynorassociates.cominfo@traynorassociates.com DocuSign Envelope ID: 90B4CA35-810F-4B4C-8A71-145F6440AD8E 12/1/2022 TRAYNOR & ASSOCIATES, INC INDIANAPOLIS, IN 46250 - 108055 6750 E 75TH ST City of Carmel ONE CIVIC SQUARE CARMEL, INDIANA 46032-2584 FORM APPROVED BY STATE BOARD OF ACCOUNTS FOR CITY OF CARMEL - 1997 INDIANA RETAIL TAX EXEMPT CERTIFICATE NO. 003120155 002 0 FEDERAL EXCISE TAX EXEMPT 35-6000972 PURCHASE ORDER NUMBER THIS NUMBER MUST APPEAR ON INVOICES, A/P VOUCHER, DELIVERY MEMO, PACKING SLIPS, SHIPPING LABELS AND ANY CORRESPONDENCE PURCHASE ORDER DATE DATE REQUIRED REQUISITION NO. VENDOR NO. DESCRIPTION VENDOR SHIP TO PURCHASE ID BLANKET CONTRACT PAYMENT TERMS FREIGHT EXTENSION 20-ENG-06 - Haverstick MU Path - Appraisals for P1-5 & P9 City Engineering's Office 1 Civic Square Carmel, IN 46032- 00351453 UNITPRICEDESCRIPTIONUNITOFMEASUREQUANTITY Page 1 of 1 Laurie Slick 71957 2200Department:0Fund:2020 Road Bond 44-628.71Account: 20-ENG-06 - Haverstick MU Path - Appraisals for P1-5 & P91 $12,000.00 $12,000.00Each 12,000.00SubTotal 12,000.00 Send Invoice To: PLEASE INVOICE IN DUPLICATE DEPARTMENT ACCOUNT PROJECT PROJECT ACCOUNT AMOUNT SHIPPING INSTRUCTIONS SHIP PREPAID. C.O.D. SHIPMENT CANNOT BE ACCEPTED. PURCHASE ORDER NUMBER MUST APPEAR ON ALL SHIPPING LABEL AND ACTS AMENDATORY THEREOF AND SUPPLEMENT THERETO. THIS ORDER ISSUED IN COMPLIANCE WITH CHAPTER 99, ACTS 1945 PAYMENT A/P VOUCHER CANNOT BE APPROVED FOR PAYMENT UNLESS THE P.O. NUMBER IS MADE A PART OF THE VOUCHER AND EVERY INVOICE AND VOUCHER HAS THE PROPER SWORN AFFIDAVIT ATTACHED. I HEREBY CERTIFY THAT THERE IS AN UNOBLIGATED BALANCE IN THIS APPROPRIATION SUFFICIENT TO PAY FOR THE ABOVE ORDER. CONTROL NO. 108055 ORDERED BY TITLE CONTROLLER City Engineering's Office 1 Civic Square Laurie Slick Carmel, IN 46032- Jeremy Kashman James Crider Director Director of Administration DocuSign Envelope ID: 90B4CA35-810F-4B4C-8A71-145F6440AD8E