Reso 2007-1129 - Laserfiche WebLink

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American Appraisal AssocIates Buildings The appraisal will include an inspection of all City-owned buildings that are included on the supplied Schedule of Properties to be appraised, The inspection will include a tour of the premises, the recognition and recording of various components of construction, measuring and photographing the buildings, preparing an inventory of the fixed eguipment, and preparing a map of the site, Site maps will be reguested to assist the appraisal team in determining the identification and location of buildings. Upon the completion of the building inspection, the buildings will be compared to your current property records to assure the consistency in data elements such as date and cost of original construction, as well as any significant renovations and additions or improvements to the designated buildings, Individual buildings where this information is not provided \vill be estimated utilizing accepted appraisal procedures, The methodologies to be utilized to assign a cost and depreciation for each building will be Direct and Normal Costing, as defined within the costing methodology section of this proposal. Moveable Equipment A detailed inventory of moveable eguipment will include a physical inspection of all owned eguipment with a unit cost in excess of the $1000 capitalization policy, Floor plans will be reguired to assist the inventory team in assuring that no areas are missed, Location and department will group assets less than $1000 for insurance purposes, American Appraisal can provide plastic bar coded asset tags or utilize tags that you supply, Our tags will be Plastic (polyester) labels, Code 39, and the approximate size will be 1" x 2", We will plan to apply these tags to each capital asset and record the tag number as part of the asset's data record, Should you decide that American Appraisal will provide the tags, you will be responsible for the extra cost. It is important to note that we will not be performing a detailed reconciliation to the City's existing fixed asset ledger. Infras tructure American Appraisal will reguire access to certain information currently maintained by the City regarding infrastructure assets to be appraised. This information will include: Asset Classes (roads, bridges, lighting, ete.) Quantitative (lane miles, sguare feet, etc,) Description of the Asset Location Information Historical Cost Date of Acguisition The designated infrastructure assets that will be included are as follows: . . . Roads or Highways Alleys Drainage systems Parking Meters Canals/Waterways City of Sunny Isles Beach . 6 May 18, 2007 25115.117.1127