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Write a Narrative Appraisal Report The type of appraisal report utilized will be determined on a parcel -by -parcel basis. This determination will be made after analyzing the particular assignment and interests to be acquired, i.e., fee, easement, etc. A narrative appraisal report is typically used for public agency/eminent domain purposes. The appraiser may also be required to complete an Appraisal Summary Statement at the request of the City. Typical steps in the appraisal process are listed below: • Identify the larger parcel and the appraisal problem; • Obtain and review legals, plats, title reports, environmental reports, and other documents (provided by the City); • Send out Notice of Intent to Appraise letter; • Gather market data; • Perform property inspection; • Meet with project designer and others to address property impacts; • Perform a detailed highest and best use analysis; • Analyze and inspect comparables; • Valuation via the three approaches to value (sales, cost, income), as applicable for the property type; • Coordinate with Fixtures and Equipment Appraisers and Business Goodwill Appraisers; • Reconcile approaches to value; • Valuation of the part(s) acquired and improvements located within the acquisition area; • Valuation of the remainder after acquisition; • Assess and value potential damages and project benefits; • Prepare written appraisal report; • Work with the Review Appraiser; • Prepare the Appraisal Summary Statement; and • Deliver the completed appraisal report. After the delivery of the appraisal any review comments will be addressed, and when required, the report will be corrected or expanded to ensure the most reliable document for public scrutiny. APPRAISAL REVIEW Appraisers are required to comply with the Uniform Standards of Professional Appraisal Practice (USPAP) when performing appraisals and appraisal reviews. As such, the review appraiser is required to address a number of specific items pertaining to the report under review including the completeness of the report, adequacy and relevance of the data, propriety of the adjustments, form an opinion as to the appropriateness of the appraisal methods and techniques used to complete the appraisal, form an opinion as to whether or not the analyses, opinions, and conclusions are appropriate and reasonable or develop reasons for the disagreements, if any. In addition to USPAP, eminent domain projects with federal and state funding require compliance with various additional regulations and guidelines. The scope of work for an appraisal review typically includes the following steps: Identify the appraiser(s) that conducted the appraisal; Become familiar with the subject property and review legals, plats, title reports, environmental reports, and other documents; City of Santa Ana, Public Works Agency— Fee Proposal for On -Call Property Appraisal Services