4. DATE OF VALUE
As of April 1, 2018
5. CONTRACT TERM.
The term of this Contract will commence as of the date of this contract and continue until such
time as Appraiser’s services in the Matter are no longer required.
6. SCOPE OF SERVICES.
The Appraiser agrees to perform the following scope of services under this Contract for market
value of the Property as of April 1, 2018:
a. The Appraiser will review pertinent public documents relative to the Property as well
as materials, photographs, exhibits, and other relevant documents associated with the
Matter.
b. The Appraiser will make a personal on-site inspection of the Property.
c. The Appraiser will develop professional opinions regarding the fair market value of the
Property as of April 1, 2018.
d, The Appraiser will provide a written appraisal of the fee simple interest.
The contents and conclusions of the report will be treated confidentially by the
Appraiser. The Appraiser will release the report only at the direction of the client, at
the direction of a court order or subpoena or for peer review by the Appraisal Institute
in compliance with the Code of Ethics.
A draft report is due to the City no later than May 28, 2020 and final report(s) are due
no later than June 11, 2020.
e. The Appraiser will provide expert support for settlement discussions and mediations
and offer expert testimony in the Matter, if needed by the City. The Parties understand
and agree that the Appraiser may be required to offer both deposition and trial testimony
in the Matter.
7, PAYMENTS FOR SERVICES
The Parties understand and agree that the fee for the services described above in 6 a—d will be
$35,000 for all eleven Properties as a package. Specific services will be provided and paid for
according to the following fee schedule:
Mw
