Purpose and Significance of Appraisals Sample Clauses

Purpose and Significance of Appraisals. The appraisals to be furnished under this agreement are required by the Agency for its guidance in making fair and impartial determinations of fair market value and the just compensation to be offered to each property owner. The Appraiser shall be guided by those objectives when estimating values. Appraisal reports will be reviewed carefully by the Agency. Accordingly, the text of each appraisal report must cover all matters germane to the required valuation findings and must provide a full explanation of the Appraiser's reasoning and his analyses of the evidence of value, so that a reviewer will be able to follow the Appraiser's analyses and understand how he reached his valuation conclusions.
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Purpose and Significance of Appraisals. The appraisals to be furnished under this Agreement are required by the City for its guidance in making fair and impartial determinations of fair market value consistent with applicable standards and requirements of the Colorado Department of Transportation (“CDOT”). Appraisal reports will be reviewed carefully by the City. Accordingly, the text of each appraisal report must cover all matters germane to the required valuation findings and must provide a full explanation of the Appraiser's reasoning and his analyses of the evidences of value, so that a reviewer will be able to follow the Appraiser's analyses and understand how he reached his valuation conclusions. Appraisal Standards. The appraisal under this Agreement shall be performed in accordance with applicable CDOT standards including but not limited to the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970 as amended, and the Uniform Standards of Professional Appraisal Practice. The appraisal shall be consistent with the concepts of value and the rules on the admissibility of evidence of value under the eminent domain law of the State of Colorado (“State”) and applicable CDOT standards.
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Purpose and Significance of Appraisals. The appraisals to be furnished under this Agreement are required by the Agency for its guidance in making fair and impartial determinations of fair market value and to ascertain the discount from current market-appraised value, which should be offered to the owner to ensure that the Agency purchases are for below-market value in accordance with the requirements of the Acts. The amount of the discount is to be determined solely by the Agency and not by the Appraiser. The Appraiser shall be guided by these objectives when estimating values. Appraisal reports will be reviewed carefully by the Agency. Accordingly, the text of each appraisal report must cover all matters germane to the required valuation findings and must provide a full explanation of the Appraiser's reasoning and his analyses of the evidence of value, so that a reviewer will be able to follow the Appraiser's analyses and understand how he reached his valuation conclusions.
Sample 1

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