To:
From:
Re:
Motion A:
Attachment:
Discussion:
City of Nashua, Public Works Division
Board of Public Works Meeting Date: February 22, 2018
Stephen Dookran, P.E., City Engineer
Engineering Department
Broad Street Parkway
Property Appraisal
To approve a contract with Capital Appraisal Assoc., Inc. in the amount of $10,000 for
the appraisal of four Broad St Parkway parcels or portions of parcels declared as surplus.
Funding will be through Department 160 Admin/Engineering; Fund: Bond; Activity:
Broad Street Parkway.
Broad Street Parkway Appraisal Services Cost Proposal
The City acquired property in advance of construction of the Broad Street Parkway
project. Some property or portions thereof are not needed for the alignment as
constructed and have been declared surplus. Since these parcels were acquired using
federal funds, appraisals complying with uniform standards used by the NHDOT are
required for their disposal. Appraisals of the four (4) Broad St Parkway parcels listed
below were completed by Fremeau Appraisal, Inc. in the past year but the reports did not
support the City’s target for the selling prices. The City has now obtained clearer
direction from the NHDOT on how to proceed and new appraisals are required for the
four parcels:
» 44 Broad Street, Assessor’s Map 71, Lot 2
* 73-75 Broad Street, Assessor’s Map 133, Lot 33
* 11 Baldwin Street, Assessor’s Map 62, Lot 233
® 9 Hillcrest Avenue, Assessor’s Map 62, Lot 182
The City solicited proposals from qualified appraisers to perform the appraisals of the
four parcels and the following proposals were received:
Capital Appraisal Assoc., Inc. of Concord, NH - $10,000
McManus & Nault Appraisal Co., Inc. of Bow, NH - $13,500
It is recommended that Capital Appraisal be awarded this contract based on a reasonable
proposal and successful completion of past assignments on the Parkway.
