HomeMy WebLinkAboutSH&H - Appraisal for 1808 North 1st StreetVALUATION AND CONSULTING
August 23, 2018
Cliff Moore
City Manager
City of Yakima
129 North 2nd Street
Yakima, WA 98902
RE: Appraisal for 1808 North 1st Street
Yakima, WA
Dear Mr. Moore:
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AUG 282018
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At the request of Sue Ownby I am providing this engagement letter as the basis for preparing an
appraisal on the above referenced property. The subject property is a former gas station that has
had the fuel related equipment removed (underground fuel tanks and pumps). It is my
understanding that the appraisal will be utilized to assist you in establishing the market value of
the property, subject to the hypothetical condition that the site is clean (fee of contamination).
Thus, the appraisal will be completed assuming the site is clean. The appraisal will be prepared
with the intent to be in conformity with the requirements of the Code of Professional Ethics and
Standards of Professional Appraisal Practice of the Appraisal Institute, which includes the
Uniform Standards of Professional Appraisal Practice.
The total fee to complete the appraisal is $5,000 with the fee to be paid at the time the appraisal
report is completed. The appraisal will be provided within thirty-five days of engagement. If
you are in agreement with this proposal and would like to engage our services, please return a
signed copy of this letter. We will begin the appraisal upon receipt of the signed engagement
letter.
Sincerely,
Barbro A. Hines, MAI, SRA
Engagement Letter Accepted:
CITU CONTRACT N0.20 S -Z
RESOLUTION NO: V `^
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Date
6419 Lakewood Drive West I Tacoma, Washington 98467 ( p. 253.564.3230 1 f. 253.564.3143