HomeMy WebLinkAboutSH&H Valuation and Consulting - Letter of Engagement Appraisal Services0
e: Appraisal Services
Bank of AmericaBuilding/Adjacent Parking Lots
101 North 2nd Street
Yakima, WA 98901
Yakima County Assessor's Parcels 191319-2259, -2262, -22481 & -22482
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CountyAs requested, I am providing you this engagement letter as the basis for appraisal services
relevant to the above referenced property. The site, which is comprised of four Yakima
i parcels,. `i.. along Northe and North YdStreet
general downtown area of the city of Yakima. The property includes a commercial
structure located on i .sterly corner of North# Street and Staff Sergeant
Pendleton W. most f as . r.nk branch/offices. The total
utilizedproperty also includes three adjacent parcels (two of which are separated from the rest of
the site by a public alley and front along North Yd Street). These adjacent parcels are
in supportof . parking as well as . drive -through b. r. structure,
According to Yakima County Assessor's records, the four parcels contain a combined area
of i r r squarebuilding r i intains a first floor area of
sauare feet and also includes a fullv finished basement and finished mezzanine office area,
This property i been e to, and operated by, Bank of America.
Reportedly, the property is now physically vacant, although the lease may extend for a
brief period. The City of `f, in acquiring the subjectif. to support
additional governmental office functions.purpose of ` appraisal i estimate the
1� as is" market value of the property and the appraisal report would be utilized to assist in
completing an acquisition of property,
The appraisal fi- provided Appraisal Report format,apprai S,
will be prepared in conformity With the requirements of the Code of Professional Ethi
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within 35 calendar i.(five from datethat . signed copy of this engagement
receivedletter is by our office, assuming that access to the property ani pertinent
information ir the assignment is provided
Please confirmyour acceptance of proposal by • tfh—sFemwer in . space i i e
below anf returning it to our office. Pleasei you questions about
this proposal, We l•i i . • to working with youon
Chad C. JohK. con, MAI
Client Signature Date
CITY CONTRACT
RESOLUTION NM