25F - AGMT - ON-CALL RIGHT-OF-WAY SRVS

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Statement of Understanding & Work Plan Statement of Understanding DDA is proposing to provide the City of Santa Ana with goodwill loss appraisal services, including preparation of Budgetary Estimates and Acquisition Appraisals. DDA will also provide litigation support, as necessary. All appraisal services will be coordinated with City staff, relocation and acquisition consultants, real estate appraisers and fixture & equipment appraisers. All appraisal services will be performed in conformance with the Uniform Standards of Professional Appraisal Practice (USPAP) and will adhere to the California Code of Civil Procedure and all applicable current case law. Scope of Work In providing goodwill loss appraisal services, DDA proposes the following work process for each appraisal assignment: • Meet with project team to gain an understanding of the project and potential impacts; • Provide preliminary estimates of goodwill for budgetary purposes, if requested; ❑ Inspect the business facility; ❑ Interview the business owner and management to determine history of operations and relocation needs; ❑ Review business' historical financial statements, tax returns and lease agreements; • Review all parcel appraisal reports and coordinate with real estate and fixtures and equipment appraisers to avoid duplication of compensation; • Coordinate with agency staff and legal counsel to discuss strategy and approach; • Coordinate with relocation agents to determine relocation options, feasibility of relocation, mitigation issues and to avoid duplication of compensation; • Perform market research to determine the business' marketability and external influences; • Implement valuation methodology, including market based and income based approaches, to determine the business' goodwill value in the before condition; • Inspect potential or actual relocation site(s); 9of10 Response to the City of Santa Ana's RFP for On -Call Right of Way Specialty Services 25F -157