2\ THE CITY OF NASHUA “the Cate Cty"
Financial Services Division
Office of the Chief Financial Officer
TO: Dan Kooken, Purchasing Manager
FROM: John L. Griffin, CFO
DATE: March 12, 2018
RE: Contract Approval for Full Statistical Revaluation
The City of Nashua is required by state statute RSA 75:8-a to conduct a full
statistical revaluation every five years. The most recent revaluation was
completed in 2013. The City plans to move forward with the revaluation project
in 2018.
During the past several months, we have been planning how we can accomplish
this project by October 1, 2018. We have determined that outside professional
assistance is necessary. KRT Appraisal has provided the attached proposal for the
Full Statistical Revaluation for all properties within the City at a price of
$500,000. Source of Funding will be the Capital Equipment Reserve Fund
(CERF).
This contact is being awarded using 5-83 Professional Services. KRT Appraisal
has been chosen as the vendor for this work. KRT specializes in mass appraisals,
is certified by the NH State Department of Revenue Administration, is available
to timely perform the work and has the ability to supply all of the major
disciplines necessary to perform this work.
229 Main Street * Nashua, New Hampshire 03060 « Phone (603) 589-3173 * Fax (603)
589-3168
