Finance Committee

Uniform Standards of Professional Appraisal Practice (USPAP) means the generally accepted and
recognized standards of appraisal practice printed by The Appraisal Foundation as authorized by
Congress as the source of appraisal standards and appraiser qualifications. Rev 601.44

USPAP Compliant Report means an appraisal report based upon the standards established by the
ASB pursuant to RSA 21-J:14-b I, (c.) Rev 601.45

DUTIES OF:

DRA-Certified Building Measurer and Lister Duties Asb 304.01

(a) Is the most probable price, not the highest, lowest or average price;

(b) Is expressed in terms of money;

(c) implies a reasonable time for exposure to the market;

(d) Implies that both buyer and seller are informed of the uses to which the property may be put;
(e) Assumes an arm’s length transaction in the open market;

(f) Assumes a willing buyer and a willing seller, with no advantage being taken by either buyer or
seller; and,

(g) Recognizes both the present use and the potential use of the property.

municipality over a specified period of time. The term includes “data collection” and “data
verification”. Rev 601.15

Cyclical Revaluation means the process of combining a full statistical revaluation of the entire
municipality with a cyclical inspection process. Rev 601.16

Data Collection means the inspection, measuring, or listing of property within a municipality. The
term includes data verification. Rev 601.17

DEFINITIONS:

Abatement Review means io make an assessment recommendation to the municipal assessing
officials or to make a change to an assessment that is in response to an abatement request from a
taxpayer. Rev 601.01

Appraisal means the act or process of developing a market value estimate of property which wiil be
used as the basis for valuation, fulfilling a municipality’s statutory duties relative to property tax
administration including, but not limited to those pursuant to RSA 75:1. Rev 601.02

FULL STATISTICAL REVALUATION CONTRACT

SUBJECT: FULL STATISTICAL REVALUATION means the process of a revaluation of all taxable and
nontaxable properties in a Municipality, using existing property data, to arrive at full and true value

as of April 1, 2018.

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.

THE CITY OF NASHUA “The Cate City’

Financial Services

Purchasing Department

March 14, 2018
Memo #18-101

TO: MAYOR DONCHESS
FINANCE COMMITTEE

SUBJECT: KRT APPRAISAL PROFESSIONAL PROPERTY REVALUATION (VALUE: $500,000)
DEPARTMENT: FINANCIAL SERVICES; FUND: CERF

Please see the attached communication from John L. Griffin, Chief Financial Officer, dated March 14,
2018 for information related to this purchase.

in witness whereof, the Parties, having all required authority, have caused this Agreement to be executed on
the date and year first written above.

[AGENCY NAME]

By:

SIGNATURE] NAME AND TITLE

TOKEN TRANSIT, INC.
we

gt te . oe

Name: Zach avid Grown

Title: Secieterig

Token Transit, Inc. CONFIDENTIAL
v, 02/18/2018

original, but all of which together are deemed to be
one and the same agreement. A signed copy of this
Agreement delivered by facsimile, e-mail or other
means of electronic transmission is deemed to have
the same legal effect as delivery of an original signed
copy of this Agreement.

11.11 Survival. Sections 1.2, 1.3(b) for 120 days

provisions of this Agreement shall be held by a court
or other tribunal of competent jurisdiction to be
unenforceable, such provisions shall be limited or
eliminated to the minimum extent necessary so that
this Agreement shall otherwise remain in full force
and effect and enforceable.