6H - Laserfiche WebLink

Home Browse Search

R. E. PITTS & ASSOCIATES, INC. Real Estate Appraisers • Consultants Mr. Matt Sikora, Economic Development Planner June 22, 2011 South Bend Department of Community & Economic Development 227 West Jefferson Blvd., Suite 1200S South Bend, IN 46601 -1830 Re: Appraisal Proposal, Economic Development Area, South Bend, IN Dear Mr. Sikora: Pursuant to your request, I hereby submit a proposal for appraisal services for the subject property referenced below. The appraisal shall be prepared for and is for the sole and exclusive use of the client and its assigns. The purpose of the appraisal is to estimate the Market Value of the Fee Simple Interest in the subject property "As -Is ". In this appraisal assignment, the appraiser will consider all recognized approaches to value and will apply the relevant approach or approaches. The effective valuation date of the appraisal will be the date of inspection of the property by the undersigned appraiser. The appraisal will be reported in Summary Narrative format and will conform to the reporting requirements of Standards Rule 2 -2b of the Uniform Standards of Professional Appraisal Practice (USPAP). The completion date for the assignment is estimated to be within 21 days upon of acceptance of this proposal and receipt of any relevant documentation needed for preparation of the reports in a timely manner. I will furnish (2) original copies of the appraisal report. An invoice for the appraisal fee will be submitted at the time the report is completed. 2 -Story Commercial Building (Elenora F. Adams Trust) 1327 -1331 S. Michigan Street, South Bend, IN (Key #018- 8004 -0227) Appraisal Fee: $2,250 Sincerely, R.E. PITTS & ASSOCIATES, INC. oz',e/c 6;�& — Rick Pitts, MAI Indiana Certified General Appraiser, License 4CG69100722 Engagement Letter Accepted: Signature Rick Pitts, MAI 50580 Woodbury Way • Granger, IN 46530 574- 272 -3224 • Fax: 574- 272 -3224 MAI PittsMAI @aol.com Date