Professional Services Agreement - DLZ Indiana LLC - Bendix Drive Right of Way Acquisition

Home Browse Search

Version 6-8-2017 identification or listing of the buildings, structures and other improvements on the land as well as the fixtures which he/she considered to be a part of the real property to be acquired, if such allocation or listing differs from that of the appraisal(s). (ii) That as a part of the Appraisal Review there was or was not field inspection of the parcel to be acquired and the comparable sales applicable thereto. If a field inspection was not made, he/she shall state the reason(s). (iii) That he/she has no direct or indirect present or contemplated future personal interest in such property or in any monetary benefit from its acquisition. (iv) That his/her estimate has been reached independently, without collaboration or direction, and is based on appraisals and other factual data. (v) His/her value estimate of items compensable under state law but not eligible for federal reimbursement, if any. (vi) Prepare a Statement of the Basis for Just Compensation for LPA approval. n. In estimating market value and just compensation of the acquisition of real property, the Review Appraiser shall, to the greatest extent practicable under state law, disregard any decrease or increase in the fair market value of the real property prior to the date of valuation caused by the public improvement for which such property is acquired, or by the likelihood that the property would be acquired for such improvement, other than that due to physical deterioration within the reasonable control of the owner. o. The Review Appraiser shall conform to statutory and judicial determinations regarding non-compensable items. P. The Review Appraiser agrees to testify in court on behalf of the LPA on any of the parcels described herein. q. All information contained in the Review Appraisal report and all parts thereof are to be treated as a privileged communication. The Review Appraiser shall take all necessary steps to ensure that neither he/she nor any member of his/her staff or organization divulges any information concerning the report except to a duly authorized representative of the LPA, the Indiana Department of Transportation or to officials of the federal Highway Administration, until authorized in writing by the LPA to reveal the communication to another designated party. D. BUYING SERVICES DLZ Indiana, LLC 2211 E. Jefferson Blvd., South Bend, Indiana 46615 a limited liability company registered in Indiana shall hereinafter be referred to as the Buyer. (and/or) Right of Way Jones, Inc. 1415 Directors Row Suite 6B Fort Wayne, Indiana 46808 a corporation incorporated in Indiana shall hereinafter be referred to as the Buyer. a. The Buyer shall be a licensed real estate broker in the State of Indiana and on INDOT's Approved Buyers list. b. No work by the Buyer shall be sublet, assigned or otherwise performed by anyone other than the Buyer. C. The Buyer shall make every reasonable effort to acquire expeditiously the parcels listed herein. d. The Buyer shall make a prompt offer to acquire each parcel for the full amount which has been established and approved as just compensation for the acquisition. The Uniform Land or Easement offer letter shall be given each parcel owner or sent by certified mail with return receipt requested. 22