HomeMy WebLinkAboutCRE Consulting, LLC/ENG/$2,140/22-ENG-13-Rohrer Road Appraisal Services ASA 1CzBmmjtpoMzodi.NdHsbuibu:;22bn-Kbo2:-3135
Chad E. Roots
Vice President
87-3795037
01/18/2024
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2/7/2024
2/7/2024
2/7/2024
2/7/2024
ExhibitA
ScopeofServices
CRE CONSULTING, LLC
1476 ROHRER RD APPRAISAL SERVICES
This Scope of Services ("Scope") combined with the attached agreement describe the relationship
between CRE CONSLUTING, LLC ("Professional") and the City of Carmel, Indiana ("City") (collectively
Parties"). This Scope hereby incorporates and includes the terms of the attached Agreement (the
Terms") which describe and set forth the general legal terms governing the relationship between the
Parties (collectively the "Agreement"). The Agreement will be effective when executed by both Parties.
Professional shall provide general professional services, consisting of:
One (1) “Value Finding” type Real Estate Appraisal, relating toproposed right of way acquisition
needs for real property located at: 1476 Rohrer Rd., Carmel, Indiana, in accordance with the
terms and conditions contained inthe Agreement and the attached Schedule of Fees
provided by Professional to theCity which isfully incorporated herein.
The City agrees tocompensate Professional inthe total amount nottoexceed Two Thousand
One Hundred Forty Dollars ($2,140.00). When the City desires additional Services from
Professional, including additional appraisal services and/or buyer'sagent services, the City
shall notify Professional of such additional Services desired, as well as the time frame in
which same are to be provided. Only after theCity hasapproved Professional' stime andcost
estimate for the provision of such additional Services, has encumbered sufficient monies to
pay for same, and has authorized Professional, in writing, to provide such additional
Services, shall such Services be provided by Professional to the City. A copy of the City's
authorization documents for the purchase of additional Services shall be numbered and
attached hereto inthe order inwhich they are approved by the City.
General Scope ofServices:
Appraisals are to be prepared consistent with the Uniform Standards of Professional Appraisal Practice
USPAP). Professional will assure that the appraisal isrelevant to its program needs, reflect established
and commonly accepted appraisal practice, and as aminimum, complies with the definition of appraisal in
24.2(a)(3) and thefive following requirements:
i. An adequate description of thephysical characteristics of the property being appraised (and,
in the case of apartial acquisition, an adequate description of the remaining property),
including items identified as personal property, astatement of the known and observed
encumbrances, if any, title information, location, zoning, present use, an analysis of highest
and best use, and at least a5-year sales history of the property.
ii. All relevant and reliable approaches to value consistent with established appraisal practices.
Ifthe appraiser uses more than one approach, there shall be an analysis and reconciliation of
approaches tovalue used that issufficient to support the appraiser'sopinion ofvalue.
iii. Adescription of comparable sales, including a description of allrelevant physical, legal, and
economic factors such asparties to the transaction, source and method of financing, and
verification by aparty involved in the transaction.
iv. Astatement of the value of the real property to be acquired and, for apartial acquisition, a
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statement of the value of the damages and benefits, if any, to the remaining real property,
where appropriate.
v. The effective date of valuation, date of appraisal, signature, and certification of the appraiser.
The appraiser shall disregard any decrease orincrease in the fair market value of the real property
caused by the project forwhich the property isto be acquired, or by the likelihood that the property
would be acquired for the project, other than that due to physical deterioration within the reasonable
control of the owner.
Ifthe owner of areal property improvement ispermitted toretain itfor removal from the project site, the
amount tobe offered for the interest in the real property tobe acquired shall be not less than the
difference between the amount determined tobe just compensation for the owner'sentire interest inthe
real property and the salvage value of the retained improvement.
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Initial Fee and Additional Services:
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