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WORK PLAN <br />In providing goodwill loss appraisal services, DDA proposes the following work process <br />for each appraisal assignment: <br />❑ Meet with project team to gain an understanding of the project and potential <br />impacts; <br />o Provide preliminary estimates of goodwill for budgetary purposes, if requested; <br />o Inspect the business facility; <br />o Interview the business owner and management to determine history of operations <br />and relocation needs; <br />❑ Review business' historical financial statements, tax returns and lease agreements; <br />o Review all parcel appraisal reports and coordinate with real estate and fixtures <br />and equipment appraisers to avoid duplication of compensation; <br />❑ Coordinate with agency staff and legal counsel to discuss strategy and approach; <br />❑ Coordinate with relocation agents to determine relocation options, feasibility of <br />q <br />relocation, mitigation issues and to avoid duplication of compensation; <br />❑ Perform market research to determine the business' marketability and external <br />.% influences; <br />ey <br />Ft, ❑ Implement valuation methodology, including market based and income <br />approaches, to determine the business' goodwill value in the before condition; <br />❑ Inspect potential or actual relocation site(s); <br />n Review all relevant and available documentation from relocation site, including <br />M lease, financial statements and unreimbursed capital expenditures; <br />15 of 23 DONNA DESMOND ASSOCIATES <br />RESPONSE TO THE CITY OF SANTA ANA'S RFP FOR RIGHT OF WAY CONSULTING AND RELATED SERVICES <br />25C -78 <br />