MARK THOMAS & COMPANY, INC. (6) - Laserfiche WebLink

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SCOPE OF SERVICES to properties through, among other things, recordation of corrective instruments and/or other appropriate means. Provide necessary assistance to the City to clear exceptions stated in the preliminary title report unless waived by the City in writing. Record releases of deeds of trust, grant deeds, certificates of acceptance, and other related documents required with respect to the transfer of each property. Upon completion of the project, provide the Policy of Title insurance; the cost of such will be paid directly by the City through escrow. Deliverables • Up to 11 Title reports Assumptions: • The title report for the County of Orange (OC Public Works Facilities Operations) is to be combined into a single title report. • A separate Title Report for the railroad is required. Appraisals All appraisals and appraisal reviews used for the acquisition of real property will be prepared in accordance with 49 CFR Part 24 and the Uniform Standards of Professional Appraisal Practice (USPAP). A single self-contained appraisal report will be prepared for each property acquisition that will contain relevant project -related data, subject property information, market comparables, and an analysis of the appraiser's value conclusions. During the appraisal process, Monument will be responsible for the following tasks: • Prepare appraisal scope, fee, and schedule for each property. • Prepare and deliver appraisal notices to property owners. • Conduct field reviews of property with appraiser. • Make weekly contact with appraisers to update progress. • Review appraisal reports for quality and accuracy. CITY OF SANTA ANA SANTA ANA BOULEVARD GRADE SEPARATION HARK THOHAS Appraisals will be prepared in accordance with USPAP requirements, and will contain the following: • Adequate description of the physical characteristics of the property being appraised (and, in the case of a partial acquisition, an adequate description of the remainder). • Any identified personal property. • Statement of any known or observed encumbrances and the location, zoning, present use, and year sales history of the property. • An analysis of the property's highest and best use. • All relevant approaches to value are consistent with established federal appraisal practices. If more than one approach is used, there will be an analysis and reconciliation of the approaches to support the appraiser's opinion of value. • A listing and analysis of comparable sales, including a description of all relevant physical, legal, and economic factors such as parties to the transaction, source, and method of financing, and verification by a party involved in the transaction. • A statement of the value of the real property interest to be acquired and, for a partial acquisition, a statement of the value of the damages and benefits, if any, to the remaining real property, where appropriate. • The effective date of valuation and the date of the appraisal report, with a signed certification of the appraiser. Deliverables: • Up to 12 appraisal reports. Assumptions: • Appraisal mapping and legal descriptions & plat maps to be provided by others. • Appraisal fees may vary based on actual market rates at the time of assignment. Appraisal Review Review appraisals will be provided for each appraisal, in accordance with State and Federal