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25C - AGMT - RIGHT-OF-WAY APPRAISAL SRVS
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03/21/2011
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25C - AGMT - RIGHT-OF-WAY APPRAISAL SRVS
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1/3/2012 3:49:38 PM
Creation date
3/17/2011 1:04:25 PM
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City Clerk
Doc Type
Agenda Packet
Item #
25C
Date
3/21/2011
Destruction Year
2016
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• The Consultant shall diligently work on each assignment and complete each task <br />in accordance with the schedule and accommodate the City's needs. <br />• The Consultant's work will be subject to inspections by City, County, State and <br />Federal representatives. <br />• Project files including copies of all correspondences, reports, documents, and <br />electronic files shall be submitted to the City when requested. <br />• All work, including reports, analysis, data, and intellectual properties developed <br />during the life of the Agreement shall become the properties of the City. <br />• The Consultant will receive written notification of the award of the contract. Upon <br />on such notification, the Consultant will proceed with the services required by the <br />Agreement. <br />• The Consultant shall complete work under the direction of City staff. The <br />Consultant will be expected to provide experienced and knowledgeable <br />professional staff which will be responsive and maintain excellent working <br />relationships with property owners, tenants, and City staff. The Consultant shall <br />be committed to provide adequate staffing levels at all times in order to adhere to <br />established schedules. The Consultant shall be knowledgeable and very familiar <br />with federal, state and local regulations, policies and procedures as pertain to the <br />right of way services provided. <br />Specific Scope of Work for BUSINESS GOODWILL APPRAISAL SERVICES includes: <br />Consultant services will include providing: <br />Budgetary Estimates of Goodwill Loss <br />Budgetary estimates are used by public agencies in planning and preparing a <br />project budget. Consultant's estimates of goodwill loss will be based upon a <br />"drive by" site inspection of the subject businesses, limited market research, and <br />any publicly available data. In addition, these estimates will take into <br />consideration Consultant's experience in preparing goodwill loss appraisals of <br />comparable businesses, as well as our knowledge of relevant statutes and case <br />law, negotiated settlements and jury awards in eminent domain proceedings. <br />Consultant's results will be presented in a brief letter. <br />Goodwill Loss Acquisition Appraisals <br />During the early stages of property acquisition, Consultant can provide <br />preliminary estimates of goodwill loss. Acquisition appraisals are based upon <br />data, which may be provided by the business' ownership at its discretion. Such <br />information may include: leases; background on the business provided via <br />owner/management interviews; historical and prospective financial data; and <br />information about proposed relocation sites. In addition, Consultant shall perform <br />basic transactional research in light of our understanding of the business' <br />operations and financial condition. Consultant will also coordinate with real <br />estate and fixtures and equipment appraisers to avoid duplication of <br />25C-40
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