Agenda Packet_2022-05-17 - Laserfiche WebLink

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In providing FFME appraisal services to the City of Santa Ana Public Works Agency, DM&A will perform the necessary research, investigation, and analysis to provide written appraisal reports in compliance with the standards of the Uniform Standards of Professional Appraisal Practice (USPAP), the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970, and Public Law 91-646 (the Uniform Act) as they pertain to fixtures and equipment valuations. DM&A's work will encompass steps including, but not limited to, the following: • Communicate with the City of Santa Ana Public Works Agency management to ascertain the scope of the assignment and provide responsive proposals for each task order; • Should the City request a budgetary estimate rather than an appraisal report, DM&A will perform virtual or drive -by site inspections, research the business, perform preliminary industry and market research, and provide a brief letter outlining its preliminary estimates regarding the value of the subject FFME; • Coordinate with relocation agents, acquisition agents, and attorneys to arrange site inspections of subject businesses. A significant impediment to performing work can be business/property owners allowing access to complete a site inspection; • Prepare a complete inventory of the assets at the subject business location. This inventory includes make, model, and serial number (if applicable) of all items, a description of the assets as well as observation of their age, condition, method of installation, if any, and photographs; • Classify each asset as immovable equipment (improvement pertaining to the realty) or movable personal property, with a separate inventory for each asset type; • Review any documentation pertaining to the assets provided by the business owner and/or manager, such as invoices, depreciation schedules, and construction contracts; • Interview business owners and/or managers regarding the history, operation, and tangible assets owned; • Research the marketplace for each of the assets identified on -site. Such research includes reference to a variety of publications, as well as discussions with individuals knowledgeable about the market for the assets; • Coordinate with the real estate and goodwill appraisers to avoid duplication of compensation; • Apply accepted valuation methods including the Market Approach and Cost Approach to the subject assets; • Prepare the appraisal report for submission, including replacement cost new, fair market value in place, and salvage value in place. The estimated time to complete and deliver an appraisal report is 30 to 45 days from completion of the site inspection. DM&A will make all reasonable efforts to deliver appraisal reports in an efficient manner to deliver appraisal reports earlier than this estimate timeframe; • Maintain files in accordance with USPAP; City Council 28 — 254 5/�� ti