APPRAISAL SERVICES

This contract is for appraisal services to be provided by Pacific Real Estate Consultants, Inc. to the County of Orange. The scope of work includes providing an appraisal report for the Joplin Youth Center property, which is approximately 338 acres in size and located in the foothills of the Santa Ana Mountains. The contract has a term of 5 years and a not-to-exceed limit of $13,000.00. The contractor will be paid a fixed rate as set forth in the Regional Cooperative Agreement. Some key points about the property include: it is located in a Very High Fire Hazard Severity Zone, it has a package activated sludge plant for wastewater treatment, and it has several conservation easements. The contractor will be required to provide an appraisal report in accordance with the Uniform Standards of Professional Appraisal Practice (USPAP). • The appraisal report will include an opinion of the market value of the fee simple interest in the subject property. • The report will be prepared in accordance with USPAP Standard Rule 2-2(a). • The contractor will be required to notify the County Project Manager in writing when expenditures reach 75 percent of the dollar limit on the contract. • The County will not be responsible for any expenditure overruns and will not pay for work exceeding the dollar limit on the contract unless an amendment to cover those costs has been issued.