Specifications include, but are not limited to: • The selected appraiser must be an MAI appraiser. The selected appraiser will not be functioning as an agent for the client or any other related parties. The selected appraiser will not be required to report to a predetermined value or direct a value that may favor the city or any related parties. • Appraiser will: - Inspect and photograph the property being appraised - Secure and evaluate information related to land characteristics, zoning, access, utilities - Study area land uses, demographics, and market supply-demand characteristics - Research recent and similar property sales and rents, and land sales within the appropriate market area - Form an opinion for the highest and best use of the appraised property - Develop an opinion of market value using appropriate appraisal methodology with reporting of the appraisal results in an Appraisal Report, as specified in USPAP • Upon completion of a requested appraisal, two complete hard copies and one complete electronic copy of the Appraisal Report will be submitted to the City. • Once an appraisal firm(s) is selected, the Appraiser will be required to submit a Cost Proposal for the City’s approval. All rates should include direct salary costs, overhead and fees.
