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25J - AGMT APPRAISAL SVCS
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25J - AGMT APPRAISAL SVCS
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12/13/2018 8:33:16 PM
Creation date
12/13/2018 8:27:35 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Public Works
Item #
25J
Date
12/18/2018
Destruction Year
2023
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Response to RFP No. 18-082 for On -Call Right of Way Property Appralsal Services 5 <br />14. Prepare master report detailing appraisals for each geographic region. <br />Week 4 <br />15. Senior appraisers meet with Beth Finestone, John Ellis, Bob Lea, or Adam Bogorad to conclude <br />preliminary values for a geographic region. <br />16. Complex valuation issues will be personally addressed by Beth Finestone, John Ellis, Bob Lea or <br />Adam Bogorad. <br />17. Senior appraisers prepare valuation analysis within a framework that allows us to review values on a <br />parcel -by -parcel basis, to assure the development of value opinions that are both well -supported and <br />consistent across all parcels of the project. <br />18. For partial acquisitions, evaluate the Impact of the acquisition(s) and the project on the remainder, <br />and complete the analysis of severance damages. <br />Weeks 5-6 <br />19. Beth Finestone, John Ellis, Bob Lea or Adam Bogorad review all final valuations. <br />20. Senior appraisers finalize the appraisal reports, statements of valuation, and parcel diaries. <br />21. Organize the subject photos and comparable sale data sheets. <br />22. Upload all final documents to the designated, secure website or deliver electronic and hardcoptes of <br />reports as requested. <br />Post Delivery <br />23. We will be readily accessible to address any questions or concerns that arise from the City's review <br />of our delivered work product. Attention to post -delivery inquiries will be a high priority item to be <br />addressed Immediately upon presentation. <br />IRR -Los Angeles is in the unique position to utilize state-of-the-art computer technology and the Industry's <br />most advanced computer software in the preparation of every assignment. Integra Realty Resource's <br />DataPolnt'TM and MarketPointT"' software provide clients with consistent applications of the most <br />sophisticated valuation tools, access to a national database, and delivery of a standardized report for <br />ease of review and presentation. <br />DataPoInt, which Is a web -based appraisal management program that incorporates an advanced <br />Customer Relationship Module and Project Management Module (PMM), delivers real-time tracking of <br />assignments and asset details. With the PMM clients can access valuation and counseling reports <br />through secured digital communication regarding recently completed projects. The web -based interface <br />also incorporates a comparable database module which captures property and land inventory, sales and <br />lease transactions, income and expense Information, and multifamily rental data. Using DataPoInt we <br />will be able to provide daily updates to the City. <br />This system was developed by Integra Realty Resources. It is used Internally to log and track the status <br />of each assignment. However, it is also available for use by our clients, and can be used for the posting <br />of final PDF copies of documents or reports, 24 hours a day, seven days a week. Web -based, the system <br />can be accessed by standard phone lines (modem), DSL, T1, and wireless technologies anywhere in the <br />world. <br />Relevant Project Experience <br />Notable examples of significant appraisal assignments for public agencies that IRR -Los Angeles has <br />successfully completed include the following: <br />1. Overland, Paciric B Cutler/OCTA: We appraised 33 single-family residences that are Impacted by <br />the 1-405 Widening Project in Costa Mesa. The acquisitions all involve temporary construction <br />easements (TCEs). This assignment required an analysis of temporary severance damages due to <br />Impacts to rear yards as well as a valuation of all site Improvements in the TCE areas. In addition, <br />we have appraised approximately 70 commercial properties in Westminster and Fountain Valley as <br />part of the project. Some of the commercial properties suffered significant damages which required <br />analysis. <br />25J-89 <br />
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