Res 1989-075 - Laserfiche WebLink

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Prepare a concise but self contained and well documented report which outlines any and all pertinent assumptions, conditions or instructions as to the nature of partial takings of properties to be described in Exhibit "A" and referenced field notes. Said appraisal will discuss and acknowledge that the appraiser considers all the uses and purposes to which the part taken will be put. V. The foregoing assignment will be completed within fifteen working days after receipt of this signed contract; however, in any event, the foregoing assignment will be completed on or before August 31, 1989. FOR OFFICE USE ONLY: DATE RETAINER RECEIVED , 1989. VI. Appraiser agrees to provide Client with three (3) copies of the written appraisal report. VII. A. Professional Fee Client agrees to pay Appraiser, as compensation for the professional appraisal services to be rendered hereunder, the following fee: (a) A Fee Range in the Amount of $24,500.00; based upon a budget of $3,500.00 per parcel times seven parcels. Client agrees to pay appraiser a retainer in the amount of $4,999.00 upon execution of this agreement. Said retainer shall be applied to the compensation for professional appraisal services to be rendered hereunder. (b) If the assignment is canceled prior to completion, the charge will be a computed Fee based upon the actual time expended on the assignment by Appraiser at an hourly rate of $100.00. (c) Payments. Payments for services of Appraiser shall be made to Appraiser upon completion of and delivery of the written appraisal report and Client's receipt of Appraiser's invoice therefor, less any disputed amounts, pending resolution. B. Out-of-Pocket Expenses In addition to the Fee to be paid to Appraiser hereunder, Client shall reimburse Appraiser, at cost, for any of the following out-of-pocket expenses incurred by Appraiser in connection with this assignment: Furnishing of copies of the appraisal report in addition to those specified in Paragraph VI; photographs, travel expenses (hotel, mileage, airfare); required technical studies, if any. Such reimbursement shall be made upon completion of the assignment.