HomeMy WebLinkAbout4K - Northwood Rd. Appraisals
DATE:
4k
LARRY ANDERSON, DIRECTOR OF PUBLIC WORKS
CONSIDER APPROVAL OF ADDITIONAL FEES FOR
NORTHWOOD ROAD APPRAISALS
MAY 15, 1995
AGENDA #:
PREP ARED BY:
SUBJECT:
INTRODUCTION:
The purpose of this Agenda item is to authorize an increase in the
fees for Northwood Road appraisals.
BACKGROUND:
On January 17, 1995, the City Council authorized Universal
Valuation Services Inc. to complete appraisals for Northwood
Road along with Evergreen Land Services Co. to negotiate
easements.
Universal Valuation Services completed the appraisals based upon
the plans provided to them. To reduce project costs the plans we
revised requiring additional work on the appraisals, 'The appraisal
cost increased from $10,550 to $11,360 or an increase of$810.
Evergreen Land Services Co. is in the process of acquiring
easements for the project.
The invoices to be paid at this meeting includes payment of the
$11,360 for the appraisal work. In the event that this item is not
approved, the invoice should be removed from the Agenda.
DISCUSSION:
The revision in the appraisal was required to assure a realistic and
defensible product.
ALTERNATIVES:
The alternatives are as follows:
1. Approve the increase in appraisal fees.
2. Table this item for a specific reason
3. Deny the payment.
16200 Eagle Creek Ave., Prior Lake, Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245
AN EQUAL OPPOR1LJNITY EMPLOYER
RECOMMENDATION: The -recommendation is to approve payment of $11,360 to
Universal Valuation Services Inc. for Northwood Road appraisal
work.
ACTION REQUIRED: Make a motion as part of the Consent Agenda to approve payment
to Universal Valuation Services Inc. in the amount of $11,360 for
Northwood Road pprai Is.
AG515C