Laserfiche WebLink
• Preparing a complete inventory of the assets at the subject business location. This <br />inventory includes a description of the assets as well as observation of their age, <br />condition, and method of installation, if any; <br />• Review of any documentation pertaining to the assets provided by the business owner <br />and /or manager, such as invoices, depreciation schedules, and construction; <br />• Interviewing business owners and /or managers; <br />• Researching the marketplace for each of the assets identified on -site. Such research <br />includes reference to a variety of publications as well as discussions with individuals <br />knowledgeable about the market for the assets; <br />• Coordinating with other appraisers to avoid duplication of compensation; <br />• Applying valuation methods including the Market Approach and Cost Approach to the <br />subject assets; <br />• Preparing the appraisal report for submission; and <br />• Report review —A member of the Goodwill Department will perform a secondary review <br />of all Fixture and Equipment appraisal reports. <br />Timeline <br />Budgetary estimates can generally be completed within 20 to 30 days. The schedule for <br />completion of a fixtures and equipment appraisal can vary widely depending upon the <br />complexity of the business appraised and the degree of cooperation from the business' <br />ownership. It is our experience that, assuming full and timely cooperation from all parties, an <br />appraisal can be completed within 30 to 45 days of a client's authorization to proceed. DM$A <br />actively communicates project status with clients via email, conference calls, or any other <br />means preferred by the client. To the extent any data or information necessary for an appraisal <br />is not forthcoming, we will notify City officials in a timely manner such that steps can be taken to <br />obtain the necessary data. <br />25L -78 <br />