The URL can be used to link to this page

Home My WebLink AboutC2006-011 - 1/20/2006 - NA Department of Engineering Property & Land Acquisition Division Real Estate Appraisal Contract Project #7151, Edinburg Circle Buyout 111 F STATE OF TEXAS , " KNOW ALL BY THESE PRESENTS: (( )(INTY OF NUECES , , This agreement is between the City of Christi, Texas, a Texas home-rule municipal corporation ("City"), P. () Box 9277. Corpus Christi, Texas 78469-9277 acting through its duly authorized City Manager or designee and Corpus Christi Appraisal Service, Inc. ("Appraiser") of 5926 S. Staples, Suite C-I, Corpus Christi, Texas 78413, for the preparation of a Real Estate Appraisal for one ( I ) parcel which is to be acquired by the City in connection with Project #7351, Edinburg Circle Buyout. NOW THEREFORE. the City and the Appraiser agrees as follows: A. The Appraiser agrees to the following: (1) Prepare an appraisal report ( 1 004 B) for one residential property with address of 5205 Edinburg Circle. Corpus Christi, Texas 784] 3 and with Legal Description of Lot 6, Block 5, Inverness Unit A. The City will acquire fee simple rights to this property and will need a market value based on the sales comparison approach. The f!QP!aiser is notified that this property is structurally deficient . The appraiser is instructed to provide a hvpothetical appraisal as if the residential structure is structurally sound and in good condition. The appraiser will transmit the appraisal report to the City an electronic .pdf file format The City reserves the right to amend the legal description(s) of the parcel(s) and to revise parcel(s), if necessary, and to add parcels for an additional tee. Where applicable, parcels with both fee and easement takings will be I reateu as one ( I ) parcel. (2) The appraiser will abide by the latest edition of the Uniform Standards of Professional Appraisal Practice (USP AP). in developing and reporting the appraisal. The report must show all applicable approaches to value and state any departures taken. Show all comparable sales and provide a map locating the comparable sales. Do not include sales data of property acquired under the threat of eminent domain. (3) The Appraiser wi II complete this appraisal assignment and submit to the City within 10 days after receipt of a Letter of Authorization to Proceed. (4) The Appraiser agrees to share information on comparable sales in the area in a cooperative manner with other appraisers appraising in the area for the City (5) The Appraiser agrees to meet with the City Property and Land Acquisition Division Manager to discuss the appraisal( s) prior to completion and shall submit all reports to Property and Land Acquisition Division, C/(! Eusebio (Sonny) Garza. III, P. O. Box 9277. (City Hall- 120 I Leopard Street), Corpus Christi, Texas 78469-9277 UPUIl completion. (6) The Appraiser agrees that Appraiser will make a personal inspection of each parcel to be appraised. This is a federal pF8jeet that Fefluires the appFftiser to eoataet the IaBdowRer ia wFitiB2 aad aDew thelll te aeeelllpBRY the appFftiser OR their iRspeetioa of the pF9perty. The appFBiserwiU pF9Vide.. eopy of this · .. . . will fUAher state ia the "ppNisel whether the appraiser was aeeolllp..aied or 2006-011 01/20/06 Corpus ('hristi Appraisal Service (7) It is further agreed that appraisal information concerning the property assigned for appraisal services, whether contained in or within the appraisal report to the City or not, is to be treated as confidential. Breach of such confidence by the Appraiser, except on written authorization by the City Manager or upon proper order of the Court. is a material breach of this contract. (8) The Apflraiser ligFees, lipOR the City MaRager's or his designee's request, te make preparatioRs for emut testimoRY aAd aflpear iA COlirt to testif)', iA slippert of J'.ppFaiser's appFaisal, for Ii fee of $300 BeFdiem. The fee to recertifY the appraisal, upon the City's request, will be charged at a rate of $50 per report. (9) If there are separately held interests in any parcel of real property to be acquired (such as easements, leaseholds, tenant-owned improvements, life estates, etc.) the appraisal must include an apportionment of the total just compensation to each separately held interest to be acquired. Acquisition will not include mineral rights. the work (10) The Appraiser will comply with all Federal, State and Local laws and ordinances applicable to (11) The Appraiser agrees to hold the City of Corpus Christi harmless from any claims and liability due to activities of Appraiser's self, Appraiser's agents, or employees. (12) The Appraiser shall attach a resume to the appraisal setting forth the Appraiser's technical qualifications, general appraisal experience, specific experience in appraising properties of the type involved in this project, the courts in which Appraiser has testified as an expert witness and any other information relating to professional qualifications (13) In agreelOg to the term s of this contract, the Appraiser hereby certifies that Appraiser does not ha ve any interest (inc luding that of real estate broker or agent), direct or indirect, present or prospective, in any parcel( s) described in this agreement or any other interest, whether or not in connection with said parcel(s), which would conflict in any manner or degree with the performance of the services and submission of impartial reports, and has not employed and will not employ, in connection with the services to be fumished hereunder, any person having any such interest, and until such parcel(s) is (are) acquired by the City or excluded from its project, the Appraiser and any employees of the Appraiser, so long as they are employed by the Appraiser, will not acquire any such interest and will no!. for their own account or f()r other than the City. negotiate for any of said parcel(s), perform services in connection with said parcel(s), or testify voluntarily as a witness in a condemnation or other proceeding with respect to such parcel(s) B. fhe ~i!y agrees to provide the following to the Appraiser: (I) Fumish copies of any available survey data for the parcel. (2) Furnish copies of any available title information for the parcel. (3) Provide information on comparables, if any, available to the City. C. Payment: In consideration of work to be performed by the Appraiser as discussed in Section A, subsections 1-13 herein, the City agrees to pay Appraiser the sum of $350.00 for the total assignment with payment to be made upon completion ofthe total assignment and correction of any errors. D. fermination: The City Manager reserves the right to terminate this contract with cause at anytime. Termination may include the entire contract or may include only selected parcels that the City desires to delete. In either case, the City agrees to pay Appraiser only for the work completed at the time oftermination. ? E. Assignability: The Appraiser shallllot assign, transfer or delegate any of Appraiser's obligations or duties of this <.:ontract to any other person without prior written consent of the City Manager except for routine duties delegated to personnel of the Appraiser's staft F. Appraiser Proposal Letter: The IlfJpraiser's proposal letter, stamped as Exhibit C, is attaehed hereto and made a part ef this cOAtraet G. Fee: The "CITY" agrees to pay the appraiser for services provided in accordance with Exhibit C, under this AUREEMENT a total fee not to exceed $350.00 (Three hundred fifty and no cents) CITY OF CORPUS CHRISTI APPRAISER: IlY~~ Ronald F. Massey, Assistant City Mgr. By:__t~ ..'"'-~ K ~-\~-=-S-::. Pamela K. Teel, President \ \~lf)rc , \'-'"' \" '" ( Date) ( Date) ~-;) '-\ !""::>4 '-\ C) [) IL'____ ~ '11$ - T.LD. or S.S.N. i20 I Leopard St. Corpus Christi, Texas 78469 Phone No. (361) 880-3218 5926 S. Staples, Suite C-I Corpus Christi, Texas 78413 Phone No. (361) 992-5555 #~(:::(~ 7{~,{ !&gal~~~h . ... ~~~~f~ -~E:gb~ j4~GC Funding Source: -,-<I:.:?. c; < =:-' - :; C.' <-::...' C e.r-'53 c:::: (':"';' H\HOMEIFUSEBIOG\GEN\Appralser Proposals & ContractslP Teellcontractp teel. 5205 Edinburg.doc .~ .J