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City of Santa Ana, Public Works Agency– Fee Proposal for On-Call Property Appraisal Services 1 FEE PROPOSAL Appraisals are typically bid on a lump sum per subject property basis, depending on the type of property and complexity of the appraisal problem. Other types of appraisal services are typically billed on an hourly rate basis. SD Group’s fee for the appraisals of the sample properties referenced in the RFP and our hourly rates for any additional services requested are provided below. Our method of appraisal, research, applicable tasks, and proposed schedule are included in the body of the technical proposal and included following our fee proposal as well. All appraisal and appraisal review reports will be prepared in narrative format to be utilized for condemnation purposes. They will comply with USPAP, the Caltrans Right of Way Manual, the Uniform Act, and California Eminent Domain law. REAL ESTATE APPRAISAL REPORT FEES • Appraisal of 1224 East Warner Avenue (Cherry Aerospace Park Partial Acquisition) o M1 Light Industrial property, 15.45-acre site, approximate 270,000 square foot building (the building size was not provided on public records and was taken from Google Earth measurements for this proposal) o The acquisition of 10 feet from the back of sidewalk does not appear that it would impact the building improvements, any business operations, or parking o It appears a land only appraisal with compensation for site improvements (including, but not limited to: grass, bushes, several trees, a flagpole, and brick planter, as well as a monument sign that may need to be acquired, then relocated further back on the site) o An analysis of the value of the whole after acquisition will be made to determine if damages exist due to the partial acquisition o The fee for this type of appraisal would be approximately $4,000 for one appraisal with a turn around time of 45-60 days, from notice to proceed and receipt of all pertinent project and parcel information including the preliminary title report and any other necessary documents (provided by the City), with discounts given when receiving multiple parcels/appraisals of similar property types • Appraisal of 2246 South Evergreen Street (Residential Full Acquisition) o R1 Single Family Residential property, 7,835 square foot site, 931 square foot residence, built in 1952 o The acquisition of the entire property in full fee o The fee for this type of appraisal would be approximately $2,500 for one appraisal with a turn-around time of 30-45 days, from notice to proceed and receipt of all pertinent project and parcel information including the preliminary title report and any other necessary documents (provided by the City), with discounts given when receiving multiple parcels/appraisals of similar property types HOURLY RATES • Principal - $250-350 per hour for valuation and consultation • Principal - $350-$450 per hour for litigation support/depositions/court appearances • Senior - $150 per hour for valuation and consultation • Administrative/Research - $75-$100 per hour for valuation support City Council 17 –58 11/16/2021