HomeMy WebLinkAboutR-1993-129 Property / Real Estate / Western Appraisers / WikstromRESOLUTION NO. R-93- 129
A RESOLUTION authorizing and directing the City Manager and City Clerk of
the City of Yakima to obtain professional real estate appraisal
services for the Yakima Police Station/Legal Center property
acquisition.
WHEREAS, on November 16, 1993, the City Council decided that the Yakima
Police Station/Legal Center should be constructed on the Wikstrom block bordered
by Walnut, South 3rd Street, Spruce Street, and South 2nd Street; and
WHEREAS, on November 16, 1993, the City Council by motion directed staff to
acquire the Wikstrom block, together with additional property in the vicinity for
the Yakima Police Station/Legal Center Project; and
WHEREAS, the City needs to obtain professional real estate appraisal
services in order to complete the necessary property transactions, now,
therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF YAKIMA:
The Yakima City Manager and City Clerk are hereby authorized and directed
to obtain professional real estate appraisal services for the Yakima Police
Station/Legal Center Project in accordance with the attached letter agreement
with Western Appraisers Inc.
ADOPTED BY THE CITY COUNCIL this14th day of December , 1993.
ATTEST: Mayor
Xakiz„ ,� �C 4 z_ c ► c,
City Clerk
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Western Appraisers Inc.
1024 South 2nd Avenue • Yakima, Washington 98902-4616 • (509) 248-2609
Pleas Green
Chief of Police
204 East 'B' St.
Yakima, WA 98901
December 9, 1993
This letter is in response to our telephone conversation in regards
to performing a 'limited scope' appraisal on properties on the Yakima
Armory and surrounding properties.
It is our understanding that the Yakima Armory property is valued as
vacant land, as is the parking lot across the street (East), and the
vacant land across (South) of the Goodwill Store. Improved properties
include the Goodwill Property, Wikstrom Motors Company, and the Gleason
Rental. Houses.
With a limited appraisal, we will include the Income Approach using
general, rents with capitalization rates and Market Approaches for
improved properties.
Relating to our previous conversation, to accomplish this work, our fee
will be between $2,000 and $2,500. If additional information is needed
after the original appraisal is completed, the fee for such information
will be $35.00 per hour.
In hopes this answers your request.
ncerely,
John F. Timm, Appraiser
CA -S, #1716
Addendum: The original fee will not exceed $2,500.00. If our firm
is chosen to perform the project, inspection will start
within thirty days of confirmation and reports to be com-
pleted within sixty days of acceptance.
Attachment: Map showing properties to be appraised (Lots 1-6).
City of Yakima
Police Station/Legal Center
Primary Property Acquisition: Lots 1, 2, 3, & 4
Secondary Property Acquisition: Lots 5, & 6
South Second Street
East Walnut
Lot No. 1
Wikstrom
1—
Lot No. 2
Armory
Lot No. 3
Goodwill
South Third Street
East Spruce Street
e
L
Lot No. 4
(Vacant)
Zien/Levinson
Lot No. 6
(Parking Lot)
Mon-Wai/Maggard
Lot No. 5
(Rentals)
J. Gleason
e
NORTH
NO SCALE