HomeMy WebLinkAboutThe Taylor Realty Group, P.C./ENG/$15,000/ 16-eng-45-116th & AAA Way RAB ASA #4Page 1 of 2
REAL ESTATE SERVICES FEE SCHEDULE
Right of Way Management Services
Right of Way Management Services Include: all processes, procedures, observations, data entry into LRS, and management of all services needed to clear the right of way, including all of the
necessary activities to certify the right of way that has to be acquired to clear the project(s) for construction. This shall be completed in accordance with federal and state law (including but not
limited to Federal Highway Administration rules and regulations), the current version of the INDOT Real Estate Division Manual, and as contracted with or otherwise directed by INDOT. The current
version of the INDOT Real Estate Manual is located at http://www.in.gov/indot/2493.htm. All services listed below shall be required within the Right of Way Services Management scope of work.
Report Type Fee
Right of Way Management services fee $1,365 per parcel
Publishing and Payment for Legal Notice on parcels $545 per project
Valuation Services
Early Assessment Real Estate Cost Estimate Includes: all processes, procedures and observations to complete a Real Estate Cost Estimate assignment (including but not limited to completion of
the INDOT Real Estate Cost Estimate Spreadsheet) in accordance with federal and state law (including but not limited to Federal Highway Administration rules and regulations), the current version of
the INDOT Real Estate Division Manual, and as contracted with or otherwise directed by INDOT.
Comp Dockets Include: providing comparable sales data (including but not limited to market data research and raw sales data) or as otherwise requested by INDOT within the scope of work for Non-
Report Services agreed upon at the time of assignment.
Waiver Valuations Include: all processes, procedures and observations to complete a waiver valuation report in accordance with federal and state law (including but not limited to Federal Highway
Administration rules and regulations), the current version of the INDOT Real Estate Division Manual, and as contracted with or otherwise directed by INDOT.
Appraisal Reports Include: all processes, procedures and observations to complete an appraisal report of the type below assigned by INDOT in accordance with federal and state law (including but
not limited to Federal Highway Administration rules and regulations), the current version of the INDOT Real Estate Division Manual, and as contracted with or otherwise directed by INDOT. Appraisal
fees are defined and paid based on INDOT parcel and not county tax identification parcel.
Non-Report Services Per Parcel Fee
Early Assessment: Projects 50 parcels $155
Early Assessment: Projects > 50 parcels negotiated based upon complexity
Comp Docket: Agricultural / Residential Properties: $285
Comp Docket: Commercial / Specialized Properties: $575
Report Type
Waiver Valuation: Any Property Type (Improved or Unimproved) $755
Value Finding: Any Property Type (Improved or Unimproved) $2,140
Short Form: Any Property Type (Improved or Unimproved) $3,140
Short Form: Residential / Ag (with affected improvements or a total take) $3,510
Short Form: Commercial / Industrial / Multi-Family / Special / Billboard (with affected improvements or a total take) $4,900
Long Form: Any Property Type (Unimproved) $3,770
Long Form: Residential / Ag (Improved) $5,010
Long Form: Commercial / Industrial / Multi-Family / Special (Improved) $12,535
Excess Land Appraisal $725
The specific Report Type above is determined by INDOT Review Appraisers or their supervisors after the Appraisal Problem Analysis has been completed.
Review Valuation Services
Appraisal Problem Analysis Includes: all processes, procedures and observations to complete an Appraisal Problem Analysis in accordance with federal and state law (including but not limited to
Federal Highway Administration rules and regulations), the current version of the INDOT Real Estate Division Manual, and as contracted with or otherwise directed by INDOT.
Review of Waiver Valuation and/or Appraisal Reports Include: all processes, procedures and observations to complete a review of an appraisal report or waiver valuation report in accordance with
federal and state law (including but not limited to Federal Highway Administration rules and regulations) the current version of the INDOT Real Estate Division Manual, and as contracted with or
otherwise directed by INDOT. Appraisal fees are defined and paid based on INDOT parcel and not county tax identification parcel.
Report Type Per Parcel Fee
Appraisal Problem Analysis (APA) $285
Waiver Valuation: Any Property Type (Improved or Unimproved) $455
Value Finding: Any Property Type (Improved or Unimproved) $1,080
Short Form: Any Property Type (Improved or Unimproved) $1,505
Short Form: Residential / Ag (with affected improvements or a total take) $1,700
Short Form: Commercial / Industrial / Multi-Family / Special / Billboard (with affected improvements or a total take) $2,395
Long Form: Any Property Type (Unimproved) $1,795
Long Form: Residential / Ag (Improved) $2,375
Long Form: Commercial / Industrial / Multi-Family / Special (Improved) $5,775
Buying Services
Buying Services Include: all processes, procedures and observations to complete the total or partial acquisition of real estate, the obtaining of temporary or access rights, or buying review in
accordance with federal and state law (including but not limited to Federal Highway Administration rules and regulations), the current version of the INDOT Real Estate Division Manual, and as
contracted with or otherwise directed by INDOT.
Report Type Per Parcel Fee
Total/Partial Acquisition $2,250
Temporary/Access Rights $1,875
MAP 21 Offer - Total/Partial Acquisition $2,815
MAP 21 Offer - Temporary/Access Rights $2,440
Buying Review $375
Relocation Services
Relocation Services Include: all processes, procedures and observations to complete the activities for relocation of residential or business owners or tenants, or relocation of personal property, or
review of any such relocation activities in accordance with federal and state law (including but not limited to Federal Highway Administration rules and regulations), the current version of the INDOT
Real Estate Division Manual, and as contracted with or otherwise directed by INDOT.
Report Type Payment Schedule Per Relocation Fee
Residential Owner / Tenant Payments: 1/3 Relo/Appraisal meeting is complete, 1/3 90 Day Notice is issued, 1/3 parcel is closed $4,509
Business Owner / Tenant Payments: 1/3 Relo/Appraisal meeting is complete, 1/3 90 Day Notice is issued, 1/3 parcel is closed $4,509
Personal Property Only Payments: 1/3 Relo/Appraisal meeting is complete, 1/3 90 Day Notice is issued, 1/3 parcel is closed $1,890
Residential and Business
Review 100% once the parcel is compliant and closed. 1,205
Personal Property Move
Only Review 100% once the parcel is compliant and closed. $460
Property Management Services
Property Management Services Include: all processes, procedures, observations, data entry into LRS, and management of all services needed to complete the parcel’s readiness for demolition.
This shall be completed in accordance with federal and state law (including but not limited to Federal Highway Administration rules and regulations), the current version of the INDOT Real Estate
Division Manual, and as contracted with or otherwise directed by INDOT. The current version of the INDOT Real Estate Manual is located at http://www.in.gov/indot/2493.htm. All services listed below
shall be required within Property Management Services scope of work.
Non-Report Services Per Parcel Fee
Property Management per parcel services fee $1,080
Placing Rat Bait on structure $110
Placing Appropriate Signs on structure $220
Boarding Up Openings on structure Amount on Written Estimate Approved by INDOT
Debris Removal Amount on Written Estimate Approved by INDOT
Report Type
Asbestos Sampling and Analysis Amount on Written Estimate Approved by INDOT
Utility Disconnection Coordination & Verification Amount on Written Estimate Approved by INDOT
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The above Fee Schedule will be effective for all new on-call real estate contract assignments (based on the date that Purchase Orders
are issued) made on or after January 1, 2024. The Fee Schedule for (a) project-specific contracts that include any land acquisition
services, and (b) contracts entered into under “Small Purchase Procedures” pursuant to Section 3.3.1 of INDOT’s Professional Services
Contract Administration Manual will be in accordance with the payment terms in the contracts and be the Fee Schedule in place on the
date the contract was approved by the Attorney General of Indiana. Any deviation in established fees from the above rules in this
paragraph will require (and shall not be allowed without) written pre-approval from the Director or one of his or her Managers in INDOT’s
Real Estate Department.
REVISED: 1/1/2024