Agenda - Council - 10/29/1985 - Special

Home

City of Ramsey -2- 10/15/85 real estate transactions and developments. Our studies are noted for their becoming working documents upon which decisions can be made and implemented. Resumes for key personnel who will be working on the study are provided as attachments to this proposal. The following paragraphs briefly describe their specific involvement. Dan Wilson will be responsible for client contact and study administration. He will also be involved with overall data gathering and analysis. Jim Christensen will be responsible for study direction and preparation of the report. He will also be involved with overall data gathering and analysis. Peter Fisher will be responsible for appraisal format and review of all staff appraisals for consistency and concluded values. He will also be involved with assembling comparable sales data. Jerry Briggs will be responsible for determining the impact of potential water pollution problems. Mark Johnson will be responsible for computer analysis. He will also assist with defining data requirements and arrangement at the data base. Scope of Services - Per Request for Proposals The first alternative presented here is intended to respond directly to your RFP as printed. Part numbers and paragraph letters are the same as those used in the RFP for ease of reference. Part I Local Comparison We think that Paragraph A, relative to extent of impact on area, will be answered by outcome of Paragraph B, relative to determination of affect. Under Paragraph B, we propose.to use Certificatei of Real Estate Value in combination with initial assessed valuation as a data base. Multi-variate regression analysis will be used to determine correlation, if any, between distance from Landfill and percentage Change in value over time. If the Landfill is having a negative or depressing effect on values, we expect to find values of more distant properties to be increasing more rapidly. There have been over 1,300 Certificates of Real Estate Value received for transactions within the City of Ramsey since 1980. We anticipate a total data base of 2,000-2,500 transactions for the entire reporting period. Reports for transactions within adjacent townships to the northwest and the City of Andover to the east will be added to carry the analysis some distance beyond Ramsey's boundaries. This will determine possible impact of Landfill image for the entire City. We feel the Landfill could have two levels of impact upon property values. There could be a direct or proximity impact based upon visual, odor, noise, or traffic influence. There may also be an indirect or image or association impact that is imparted unto the entire co~nunity.