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HARRY B. HOLZHAUER & ASSOCIATES
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HARRY B. HOLZHAUER & ASSOCIATES
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Last modified
9/5/2024 9:30:15 AM
Creation date
9/4/2024 4:02:02 PM
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Contracts
Company Name
HARRY B. HOLZHAUER & ASSOCIATES
Contract #
A-1994-046A
Agency
Community Development
Destruction Year
2001
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9. ADDITIONAL FINDINGS IN CERTAIN CASES <br />Additional conclusions, if applicable, as follows: <br />a. Separate Held Interests <br />If there are separately held interests in the real <br />property to be acquired, such as easements, leaseholds, air <br />rights, life estates, and oil, gas, or mineral rights, and the <br />division of ownership is not of such character as to destroy the <br />practical unity of the property, APPRAISER shall apportion his <br />therein to be acquired to each separately held interest. The <br />report shall contain the data, analyses, and reasoning by which <br />APPRAISER made the apportionment. If the "unit rule" is regarded <br />as not applicable because the division of ownership is such as to <br />diminish the fair market value of the property as a whole, the <br />separate interests involved shall be appraised separately. <br />b. owner -occupant in a Multifamily or Mixed - <br />Use Pro ert <br />If the property is a multifamily or mixed -use <br />(residential and nonresidential) property and the owner of a <br />compensable interest therein, as defined in the next sentence, <br />occupies a dwelling in the property, APPRAISER shall furnish an <br />apportionment of the estimate of the fair market value of the <br />whole property to such dwelling, or to each such owner occupied <br />dwelling if more than one, and to the remainder.of the property. <br />For the purpose of this paragraph, an occupant of a dwelling <br />shall be considered to own a compensable interest in the property <br />if he holds fee title, a life estate, a 99--year lease, or a lease <br />with not less than 50 years to run from the date of valuation, or <br />holds an interest in a cooperative housing project which includes <br />the right of occupancy of a dwelling unity therein, or is the <br />contract purchaser of any of the foregoing estates or interests, <br />or has a lease -hold interest with option to purchase. <br />APPRAISER'S report shall explain how such apportionment was made <br />and the rationale therefor. <br />C. Loss of Goodwill <br />If City has requested APPRAISER to appraise the loss of <br />goodwill to a business enterprise resulting from CITYOS <br />acquisition, APPRAISER shall include in the appraisal report, or <br />in any other appraisal report submitted to CITY where such <br />appraisal is made after the appraisal report described above is <br />submitted to CITY, the following: <br />(1) APPRAISER'S estimate of the goodwill value of the <br />business including the figures and calculations upon which such <br />estimate is based. <br />(2) The availability of alternative sites upon which <br />the business could be relocated. <br />(3) The estimated loss in goodwill value to the <br />business enterprise resulting in operating at an alternative <br />site, or of closing the business when no alternative sites are <br />feasible. <br />MM <br />
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