CALIFORNIA PROPERTY SPECIALIST, INC. (CPSI) 1 - 2006

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6.0 APPRAISAL TASK NO. 6.1 Facilitate - Distribution of appraisal assignments using the City- approved contract appraisers. Prepare Request for Proposal for obtain fee proposals for given assignments. 6.2 Coordinate - Meet with the selected appraiser to review and discuss USPAP, Uniform Act, and California Code of Regulations, Title 25 requirements. Coordinate with City staff and the City Attorney's office the type of reports required and the required written notice of inspection to the owner. In all cases a complete appraisal is required. The format and level of documentation for an appraisal report depend on the complexity of the appraisal problem. Complex property assignments are to be reported in a self - contained, narrative format. A summary report in conformance with USPAP Standards Rule 2 -2(b) is permitted in cases, which, by virtue of their low value or simplicity, do not require the in- depth analysis and presentation necessary in a self - contained appraisal report. A summary report may be acceptable on complex property assignments on a case -by -case basis as determined by the City 6.3 Complete Appraisal Summary Statement - Obtain appraisals for each acquisition prepared in accordance with the State of California Laws and USPAP, date stamp, record information and properly disperse reports. Review appraisal report and prepare an Appraisal Summary Statement, in accordance with applicable regulations, including Assembly Bill 237. These Appraisal Summary Statements will be utilized as part of the "Offer Letter." 6.4 Tenant -Owned Improvements - Coordinate and review completeness and accuracy of fixtures and equipment appraisals. During the initial appraisal process, coordinate with fee appraiser, FF &E appraiser, fee owner and tenant identification and ownership of tenant - owned improvements. If necessary, specialty appraisals shall be ordered, and a copy submitted to the appraiser for inclusion in the appraisal and appraisal review analysis. 7.0 APPRAISAL REVIEW/ESTABLISIIMENT OF JUST COMPENSATION TASK NO. 7.1 Appraisal Review - If funding is involved with Phase I, coordinate and obtain reviews of the appraisals referenced above in accordance with the Uniform Appraisal Standards for Federal Land Acquisitions, other applicable Federal Laws, State of California Laws, Public Law 91 -646, Title III, and USPAP. 7.2 Just Compensation Coordination - Upon completion of the appraisal and, if applicable, the appraisal review and the completed reports will be submitted to the City for review and establishment of just compensation. 8.0 PREPARATION OF OFFER PACKAGES TASK NO. 8.1 Parcel Files - Establish and maintain an accurate and complete working file for each parcel in a format approved by the City. 8.2 Subsequent Review Title Reports - Before the "Offer Package" is prepared, complete a second review of County Assessor information and title reports, paying particular attention to ownership and easement lien, and encumbrances. 8.3 Review Right of Way Drawings - Review project plans becoming familiar with the project and its impact on the various properties. Verify information on the project plans, correspond to the legal descriptions, plants, and information contained in the appraisal reports CPSI 6of20