Fort Walton Beach Resolution — 80-21-Rehab of Butler Terrace Contracts — reading text

State of Florida. the Factors relating to race, color, religlon, sex or national origin, or to racial, religious and ethnic identification of neighborhood are not relevant to the estimation of value and shall not be considered in connection with appraisals of property. Appraisal reports must contain sufficient documentation, including supporting valuation data and the APP~~ ISER' s analysis of that data, to demonstrate the correctness of the APPR~ISER' s opinioo( s) of value in accordance with Federal Register Vol. 44 No. 104 at 42. 113( a) and ( b).  age 2 AGREEMENT & CONTRA( ' APPRAISER The Review APPRAISER shall determine adequacy of the B. APPRAISER' s supporting data and documentation, the soundness of the APPRAISER' s reasoning and whether the appraisal conforms with recog- J~'" articular the review APPRAISER shall ni zed' appraisal practices ~ -. p' determine the correctness of the APPRAISER' s opinion of the fair market value of the property. The review APPRAISER' s report shall identify the appraisal reports reviewed and explain the basis for his/ her recommendation. C. real property improvement has been identified If any as being the property of a tenant who has the right to remove it or the obligation to remove it at the expiration of his/ her turn, the APPRAISER shall determine as Just Compensation for such improvements in accordance with Federal guidelines established in the Federal Register, Volume 44, No. 104 at 42. 1ll( b). Upon notification of LOCAL PUBLIC AGENCY, make the D. necessary preparations and appear as an expert witness in cases where acquisition of the parcels( s) of land are processed through condemnation proceeding using the powers of Eminent Domain. E. In particular cases, request of the LOCAL PUBLIC upon AGENCY, within one year of the original appraisal, provide an update on the appraisals. III. ADDITIONAL PARCELS. If the LOCAL PUBLIC AGENCY desires to include additional parcels, shall, if requested by the APPRAISER the LOCAL in writing prior to completion of the work PUBLIC AGENCY specified hereunder, perform the sarne services as herein set forth in connection with such additional parcels at the same rate per parcel and otherwise upon the same conditions as herein set forth. IV. EXCLUSION OF PARCELS. The LOCAL PUBLIC AGENCY may at writing notice in exclude any parcel to the APPRAISER, any time, by or parcels from the operation of this CONTRACT, and in such event, the APPRAISER shall only be entitled to receive payments at the rate hereinafter specified for all work completed and accepted prior to such exclusion, and in addition, equitable adjustment will be made the for any substantial amount of work or service performed by APPRAISER to the date of such exclusion, but not accepted by the LOCAL PUBLIC AGENCY. V. PERFORMANCE OF WORK. The APPRAISER shall perform the services hereinafter described as expeditiously as possible after receipt of written notification of the acceptance of this proposal by the LOCAL PUBLIC AGENCY. VI. SERVICES. informatiQn to All services, documents and be furnished or performed by the APPRAISER herein shall be furnished or performed within a reasonable time. It is mutually understood that time within which the work is to be performed is of primary the The performance of importance and of the essence to this proposal. services or the delivery of documents required herein by APPRAISER shall not relieve the APPRAISER from the obligation to correct any discovered and all incomplete, in- defective work subsequently accurate defective work shall be remedied promptly by the or APPRAISER on demand and without any cost to the LOCAL PUBLIC AGENCY, LOCAL PUBLIC AGENCY all The APPRAISER will promptly deliver to the status each parcel documents as completed and report progress or or as required. VII. COMPENSATION. The compensation for performing work in the herein described area shall be as covering all parcels follows: Provide appraisal of parcels A. and recommend to the Review APPRAISER, fair market ~ alue. 100. 00 unimproved parcel; 1. $ per vacant or 2. $ 150. 00 per occupied or single family resi- dential parcel; 3. $ 50. 00 per additional family unitsaoove single- units, in the structure, same familY residential payable upon- completion and acceptance by the LOCAL PUBLIC AGENCY or its designee; 4. $ 100. 00 for additional single family houses on the same lot. a._,,-,:,~"""_~'_..~.____--'---'-~--:'-~.- ---.-  0' page 3 "-~' AGREEMENT & CONTRAC~/ APPRArSER B. The assigned Review APPRAISER will review each of two appraisals and provide a written report setting forth the recommended fair market value of the pro~e~ ty; $ 35. 00 per review payable upon completion and ' acceptance.' - C. $ neGotiable per parcel for leasehold and tenant interests payable upon completion and acceptance. D.$ 300. 00 per day to serve as an expert witness payable upon judication, of the cases as approved by the LOCAL PUBLIC AGENCY' s attorney. E. $ 300. 00 day for per update of appraisal pay- able upon completion and acceptance by the LOCAL PUBLIC AGENCY. F. The term " parcel" as used herein means and is defined as any contiguous tract of land in the same ownership, purchased at the same time whether tract, consists or one or more platted lo~s or blocks or fractional parts thereof; G. It is expressly mutually understood and agreed that in no the tota~ compensation and reimbursement. if event any. to be paid hereunder exceed the maximum sum of $ ' 7, 000 for all services required, provided that no more than 45 parcels of property are in- volved. In the event of an overrun. unit fees will be paid for services rendered. VIII. TERMINATION FOR BREACH. In the event of breach of any condition provision hereof, the LOCAL PUBLIC AGENCY shall have the or right, by prior written notice, to terminate the APPRAISER' s employ- ment hereunder and cancel this CONTRACT and have the work called for hereby otherwise performed, without prejudice to any other rights i.:":' or remedie~ of, the LOCAL PUBLIC AGENCY. The LOCAL PUBLIC AGENCY shall have the benefit of such work as may have been