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ings, structures and other improve- <br />ments on the land as well as the fix- <br />tures which he considered to be a <br />part of the real property to be ac- <br />quired, if such allocation or listing <br />differs from that of the appraisal (s). <br />(b) That as a part of the appraisal re- <br />view there was or was not a field <br />inspection of the parcel to be ac- <br />quired and the comparable sales ap- <br />plicable thereto. If a field inspection <br />was not made, he will state the <br />reason (s). <br />(c) That he has no direct or indirect <br />present or contemplated future per- <br />sonal interest in such property or <br />in any monetary benefit from its <br />acquisition. <br />(d) That his estimate has been reached <br />independently, without collaboration <br />or direction, and is based on ap- <br />praisals and other factual data. <br />His value estimate of items compen- <br />sable under state law but not eligible <br />for Federal reimbursement, if any. <br />d. Review of Specialty Reports. Procedures for <br />reviewing speciality reports should be as follows: <br />(1) When a separate valuation of machinery, <br />equipment or other specialty items is required <br />and when the acquiring agency has retained <br />the specialist, it should have his report re- <br />viewed by a reviewing appraiser or other <br />specialist before it's distribution to the fee <br />or staff appraisers. The individual respon- <br />sible for the review should field inspect the <br />property. If a field inspection is not made, the <br />file will contain the reason ( s) . <br />(2) Before distribution to the appraisers, the re- <br />viewing appraiser or other specialist will <br />examine the reports to determine that they: <br />(e) <br />16 <br />(a) Are complete in accordance with the <br />requirements of paragraph 26. <br />(b) Follow accepted principles and tech- <br />niques for the valuation of the sub- <br />ject of the report. <br />Contain the information necessary to <br />explain, substantiate, and thereby <br />document the conclusions and esti- <br />mates of value contained therein. <br />(d) Include consideration of compensa- <br />ble items and do not include compen- <br />sation of items noncompensable unde,r <br />State law. <br />(3) Each acceptable estimate prepared by a <br />specialist retained by the Sponsor will be <br />made available to all appraisers for analysis <br />and incorporation into their appraisal re- <br />ports to the extent deemed appropriate by <br />the individual appraiser. The appraiser <br />should be instructed not to arbitrarily add <br />the value of individual items to the valua- <br />tion of other realty, but he should consider <br />them to the extent of their contributory value <br />in establishing the value of the whole prop- <br />erty. An exception to the requirements of <br />this paragraph is permitted where the Spon- <br />sor, in special cases, elects to have a review- <br />ing appraiser, knowledgeable in both dis- <br />ciplines represented, analyze and incorporate <br />into a final estimate of just compensation the <br />separate reports on the real property and the <br />specialty items. <br />(4) In those instances when a fee appraiser has <br />retained a specialist and incorporated the <br />specialist's report in his appraisal report, the <br />review of the "package" will be in accord- <br />ance with the applicable review require- <br />ments in this circular. <br />31-39 RESERVED. <br />(c) <br />• <br />• <br />