Title
Real Estate Appraisals and Appraisal Reviews
Action
Action:
A. Approve contracts for real estate appraisals for a term of three years with the following:
* AAA Valuations, LLC (MBE, SBE),
* BBG, Inc.,
* Colliers International Holding (US) Inc.,
* Cooper McCain, LLC (WBE),
* Cushman & Wakefield of North Carolina, Inc.,
* Fortenberry Lambert, Inc. (MBE),
* Integra Realty Resources (WBE),
* Curran, Reich & Associates, Inc. dba T.B. Harris, Jr.,
B. Approve contracts for real estate appraisal reviews for a term of three years with the following:
* Fortenberry Lambert, Inc.,
* Hopkins Consulting and Review, LLC (WBE),
* J.D. Parker & Associates, Inc.,
* Kack Consulting Group, LLC,
* The Hanes Group, Inc. (WBE),
* John Bosworth & Associates, LLC dba Valbridge Property Advisors,
* William R Morgan Company, and
C. Authorize the City Manager to renew the contracts for up to one, two-year term with possible price adjustments and to amend the contracts consistent with the purpose for which the contracts were approved.
Body
Staff Resource(s):
Phil Reiger, General Services
Greg Crawford, General Services
Explanation
* Real estate appraisal and appraisal review services are required for all Capital Investment Plan projects and are typically conducted during the real estate acquisition phase to determine project-related impacts to real property.
* Certified, independent real estate appraisers provide the specialized expertise necessary for eminent domain appraisal disciplines
* These services are essential to accurately determine market value and establish fair and just compensation for property owners.
* On August 19, 2025, the city issued a Request for Proposals (RFP); 15 responses were received.
* The selected firms best meet the city's needs based on their qualifications, experience, cost, and responsiveness to RFP requirements.
* Assignments for appraisal and appraisal review services will be made based on each firm's capacity, technical specialization, an...
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