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Version 6-8-2017 <br />Task 3. Appraisal <br />A. The Consultant is to perform real estate appraisals and prepare appraisal reports in accordance with <br />"The INDOT Appraisal Manual". <br />B. The Consultant agrees to furnish INDOT all comparables used in the report, attached to each report <br />and an electronic file (Compact Disc media) of the comparables, consisting of sufficient sales data in <br />the vicinity of the project and of such recent date that a pattern of values may be established. Each <br />comparable property is to be identified by photograph and shall be located on electronic map attached <br />to each report that is to be furnished to the LPA. <br />C. The Appraiser agrees to furnish appraisals in an original plus three copies, an electronic file (Compact <br />Disc media) and one copy on green paper for disbursement to the parcel owner. <br />D. The appraisal will conform to statutory and judicial determinations regarding non-compensable items <br />as set forth and discussed in "The INDOT Appraisal Manual" (.pdf file format is available on the <br />INDOT website) and/or conferences between the parties. While the plans, aerial mosaics, title <br />information, survey, parcel plats and calculation sheets have been made with reasonable care, there is <br />no expressed or implied guaranty that conditions so indicated are entirely representative of those <br />actually existing, or that unlooked-for developments will not occur. The Consultant is required to <br />examine carefully all such data and satisfy itself as to the actual conditions. In case of any obvious <br />discrepancy between the information furnished and the actual conditions of the locality, or in case of <br />errors or omissions in said information supplied, the Consultant shall inform the LPA, in writing, of <br />any such defect, error or omission which cannot be resolved without altering the design. <br />E. The Consultant agrees to updating reports at the request of the LPA and/or testify on behalf of the <br />LPA, on any parcels should he/she be required to do so by the LPA. <br />Task 4. Appraisal Review <br />A. The Consultant agrees to furnish the LPA all comparables used in the report, attached to each report <br />and an electronic file (Compact Disc media) of the comparables, consisting of sufficient sales data in <br />the vicinity of the project and of such recent date that a pattern of values may be established. Each <br />comparable property is to be identified by photograph and shall be located on electronic map attached <br />to each report that is to be furnished to the LPA. <br />B. The Consultant agrees to furnish reviews in an original plus three copies, an electronic file (Compact <br />Disc media) and one copy on green paper for disbursement to the parcel owner if there is a building in <br />the acquisition or an original plus two copies and one copy on green paper for disbursement to the <br />parcel owner if no building is acquired. The Consultant agrees to make the Review Appraisal Report / <br />Appraisal Problem Analysis Report of each and every parcel. <br />C. The Review Appraisal Report I Appraisal Problem Analysis Report will conform to statutory and <br />judicial determinations regarding non-compensable items as set forth and discussed it) "The INDOT <br />Appraisal Manual" (.pdf file format is available on the INDOT website) and/or conferences between <br />the parties. <br />19 <br />