CALIFORNIA PROPERTY SPECIALIST, INC. (CPSI) 1B - 2008

Home Browse Search

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 5.3 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." 5.4 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 analyses. 6.0 APPRAISAL REVIEW/ESTABLISHMENT OF JUST COMPENSATION TASK NO. 6.1 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. 6.2 Just Compensation Coordination Upon completion of the appraisal and if applicable the appraisal review, the completed reports will be submitted to the City for review and establishment of lust Compensation. 7.0 PREPARATION OF OFFER PACKAGES TASK NO. 7.1 Parcel Files Establish and maintain an accurate and complete working file for each parcel in a format approved by the City. 7.2 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. 7.3 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 7.4 Offer Package Prepare "Offer Package" in accordance with City approved format. At a minimum, the "Offer Package' will include a receipt form (listing contents of Offer Package) offer letter, appraisal summary statement, acquisition brochure, Title VI information, Tenant Information Statement, Language Translation and language translation for. Before distribution to the acquisition agent, the complete Offer Package will be submitted to the City Attorney's office for approval.