HomeMy WebLinkAboutContract 45551 (2)AVIATION
Date: April 21, 2014
The Harry Company
Attn: David Harry
2500 Greenbriar Drive
Mansfield, TX 76063
RE: City of Fort Worth vs. Vann Cattle Yards, Inc. (Parcel 1)
Dear Mr. Harry,
This is a request by the City of Fort Worth for professional appraisal services. It is
understood that this appraisal assignment has been prepared in accordance with the
reporting requirements set forth under Standard Rule 2-2(a) of Uniform Standards of
Professional Appraisal Practice (USPAP), and all local, state and federal requirements,
except to the extent that the "Uniform Appraisal Standards for Federal Land Acquisition
requires invocation of USPAP's Jurisdictional Exception Rule, as described in Section D-
1 of the Uniform Appraisal Standards for Federal Land Acquisitions." In addition, the
appraisals must conform to the specific conditions contained herein.
The appraiser shall certify in each report that any appraisal or update to an appraisal is
prepared in strict accordance with the URA appraisal requirements.
Authorization: This is your authorization to proceed with this assignment.
Contact: James Burris
(City) City of Fort Worth
Aviation Department
4201 N Main St Suite 200
Fort Worth, Texas 76106
Ownership/Properties: Vann Cattle Yards --Exhibits previously provided
Description: Previously provided
Confidentiality: The City of Fort Worth is your confidential client. You are to take
all reasonable steps to ensure that you and your organization divulge no
information concerning your report to any other persons other than the City of Fort
Worth without written authorization to do so.
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R�C����U APR29 2014
Effective Date: October 31, 2013
Scope: City of Fort Worth vs. Vann Cattle Yards, Inc. (Parcel 1)
11 Update appraisal report due before May 16, 2014.
2) Provide various expert witness and appraisal consulting services in the case as
directed by the City of Fort Worth's Legal Department and/or outside counsel
Cantey Hanger, LLP. Work could involve production of your work file,
deposition, appraisal review of the property owner's appraisal report(s),
preparation and testimony in trial or mediation. Services may be needed up to the
trial date tentatively scheduled for October 27, 2014.
Commitment: Fee for the updated appraisal is $3,700.00 which will be invoiced
upon submission of the report. It is our understanding that one (1) original and one
(1) electronic copy of the appraisal report will be submitted to the addressee on or
together with a statement of services. Litigation services will be billed based on an
hourly billing rate of $200.00 per hour, invoiced at the end of each month or upon
completion of the case. A summary of time and work billed will be submitted along
with invoices that include hourly billing.
The total amount billed shall not to exceed $18,700.00. Your statements should
include the Purchase Order number provided, and should reference the Alliance
Runway Extension - City of Fort Worth vs. Vann Cattle Yards, Inc. (Parcel 1).
The City of Fort Worth reserves the right to accept the updated appraisals and will not be
responsible for any expenses incurred by the assignment if wording or disclaimers are
included limiting your professional liability to the City of Fort Worth.
Conflict of Interest: All members and/or appraisal subcontractors of your
organization certify that they have no personal, business or other relationship with
the property's ownership, or have attached an explanation disclosing the nature of
such relationship(s).
Further, your acceptance of this assignment certifies that you agree not to accept or
pursue the updated appraisal, or related assignments, of the subject property, or
other assignments with the subject property's ownership (excluding limited
partners and other financial institutions), for a period extending one year from the
later of the date of this letter agreement, its delivery date, or the conclusion of
ongoing or pending litigation without prior written consent of the City of Fort
Worth.
A penalty of $100.00 per business day will be deducted from the fee for reports
delivered after the date stipulated above. No penalties will be imposed for delays
resulting from circumstances beyond the appraiser's control; such circumstances
judged for their validity solely by the City of Fort Worth, Department of Aviation.
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Your signature of this letter, to be returned to the authorized contact, will confirm our
mutual understanding.
Aviation Department
APPROVED:
William Welstead
Aviation Director
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City Attorney
cmando Costa
Assistant City Manager
OFFICIAL RECORD
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