Title
Real Estate Appraisals and Appraisal Reviews
Action
Action:
A. Approve unit price 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 unit price 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 services are required for all Capital Investment Plan projects. Real estate appraisal is required during the real estate acquisition phase of public projects to determine impacts to real property.
* Certified independent real estate appraisers have expertise in eminent domain appraisal disciplines. Appraisers are necessary for assistance with determining market value and establishing fair and just compensation for property owners.
* On August 19, 2025, the city advertised a Request for Proposals (RFP); 15 responses were received.
* The companies selected best meet the city's needs in terms of qualifications, experience, cost, and responsiveness to RFP requirements.
* Projects will be assigned to firms on a work-order basis using unit prices in the contract.
* At renewal, potential price adjustments may ...
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