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SCOPE OF SERVICES CITY OFSANTAANA SANTA ANA BOULEVARD GRADE SEPARATION HARK THOHAS to properties through, among other things, Appraisals will be prepared in accordance with recordation of corrective instruments and/or USPAP requirements, and will contain the other appropriate means. following: • Provide necessary assistance to the City to Adequate description of the physical clear exceptions stated in the preliminary • characteristics of the property being title report unless waived by the City in appraised (and, in the case of a partial writing. acquisition, an adequate description of the • Record releases of deeds of trust, grant remainder). deeds, certificates of acceptance, and other • Any identified personal property. related documents required with respect to the transfer of each property. Statement of any known or observed encumbrances and the location, zoning, Upon completion of the project, provide the Policy present use, and year sales history of the of Title insurance; the cost of such will be paid property. directly by the City through escrow. . An analysis of the property's highest and Deliverables best use. Up to 11 Title reports • All relevant approaches to value are • consistent with established federal Assumptions: appraisal practices. If more than one • The title report for the County of Orange approach is used, there will be an analysis (OC Public Works Facilities Operations) is and reconciliation of the approaches to to be combined into a single title report, support the appraiser's opinion of value. • A separate Title Report for the railroad is • A listing and analysis of comparable sales, required. including a description of all relevant physical, legal, and economic factors such Appraisals as parties to the transaction, source, and All appraisals and appraisal reviews used for the method of financing, and verification by a acquisition of real property will be prepared in party involved in the transaction. accordance with 49 CFR Part 24 and the Uniform • A statement of the value of the real Standards of Professional Appraisal Practice property interest to be acquired and, for a (USPAP). A single self-contained appraisal report partial acquisition, a statement of the value will be prepared for each property acquisition that of the damages and benefits, if any, to the will contain relevant project-related data, subject remaining real property, where property information, market comparables, and an appropriate. analysis of the appraiser's value conclusions. • The effective date of valuation and the date During the appraisal process, Monument will be of the appraisal report, with a signed responsible for the following tasks: certification of the appraiser. Deliverables: • Prepare appraisal scope, fee, and schedule • Up to 12 appraisal reports. for each property. • Prepare and deliver appraisal notices to Assumptions: property owners. • Appraisal mapping and legal descriptions & • Conduct field reviews of property with plat maps to be provided by others. appraiser. . Appraisal fees may vary based on actual • Make weekly contact with appraisers to market rates at the time of assignment. update progress. • Review appraisal reports for quality and Appraisal Review accuracy. Review appraisals will be provided for each appraisal, in accordance with State and Federal