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SCOPE OF SERVICES CITY OFSANTAANA ,d SANTA ANA BOULEVARD GRADE SEPARATION 0 to MA 2K THOMA4 law and City policy as required. The review • Communicate with the City to ascertain the appraiser will, as appropriate: scope of the assignment. • Identify the intended users and use of the • Coordinate with real estate appraiser, review, and the purpose of the relocation agents, acquisition agents, and assignment. attorneys. • Identify the following for each appraisal • Prepare a complete inventory of the assets under review: at the subject business location. This - Appraiser and firm who completed inventory includes the make, model, and the assignment. serial number (if applicable) of all items, a Subject property. description of the assets, as well as an - Effective date of the appraisal and observation of their age, condition, method opinion of value. of installation (if applicable), and - Property and ownership interest photographs. • Review any documentation related to the appraised. assets provided by the business owner • Identify the scope of work to be performed. and/or manager, including invoices, • Develop an opinion as to the completeness depreciation schedules, and construction of the material under review, given the contracts. scope of work applicable in the Interview business owners and/or assignment. managers. • Develop an opinion as to the apparent Research the marketplace for each of the adequacy and relevance of the data and assets identified on-site. Such research the propriety of any adjustments to the includes reference to a variety of data, given the scope of work applicable in publications, as well as discussions with the assignment. individuals knowledgeable about the • Develop an opinion as to the market for the assets. appropriateness of the appraisal methods Coordinate with other appraisers to avoid and techniques used, given the scope of duplication of compensation. work applicable in the assignment, and . Apply valuation methods, including the develop the reasons for any disagreement. Market Approach and Cost Approach, to • Develop an opinion as to whether the the subject assets. analyses, opinions, and conclusions are . Prepare the appraisal report for appropriate and reasonable, given the submission, including replacement cost scope of work applicable in the assignment, new, depreciated value, and salvage value and develop the reasons for any in place. disagreement. Maintain files in accordance with USPAP • Review appraisals will be forwarded to the and Caltrans Right-of-way Manual; and City for the establishment of just . Provide expert testimony and litigation compensation prior to the preparation of support, as required. offers to acquire the proposed land rights for the project. Deliverables: Deliverables: • Up to 7 FF&E appraisal reports • Up to 12 appraisal reviews. Assumptions: Fixtures and Equipment Appraisal Fees for FIFE Appraisal Reports are estimated based on the currently available In providing fixtures and equipment appraisal limited information. Additional Appraisals services to the City, Monument will oversee may be required, which may result in Desmond Marcello &Amster(DMA) to provide the additional fees. following: