Acquisition appraisals, easement valuation and appraisal review for public projects.
GP Valuation appraises the property and property rights that public agencies acquire for roads, utilities and other public projects, and reviews appraisals prepared by others, in a practice led by John Nolan, MAI, R/W-AC, from Cleveland. Each appraisal is prepared to the standards of the acquiring agency’s program, including the federal Uniform Act where federal funds are involved.
An acquisition appraisal measures the owner’s loss, including any effect on the property that remains.
The larger parcel
The appraisal first identifies the larger parcel under the law that governs the acquisition, because the value of the whole and any damages are measured from it.
The rights acquired
Fee takings, permanent and temporary easements and changes in access are valued as the rights actually acquired, with the terms of each easement read from the instrument.
The remainder
Damages or benefits to the remainder are measured where the governing law recognizes them, and the support for each is stated in the report.
The firm supports an acquisition program from the first appraisal to the last hearing.
Acquisition appraisals
Appraisals of whole and partial acquisitions, prepared by the firm to support the agency’s offer of just compensation.
Easement valuation
Value of permanent and temporary easements for utilities, drainage, construction and access, measured on the rights each instrument conveys.
Appraisal review
Review of appraisals prepared by others against the agency’s standards and USPAP, with the reviewer’s own conclusion stated where the assignment calls for one.
Testimony
Depositions and testimony before commissions and courts are given by the firm’s appraiser who signed the report.
Each report is written to be reviewed by the agency and examined by the owner’s counsel.
The report states the rights acquired, the larger parcel and the values the governing law calls for before it presents the support, so that a reviewer can check the framework before the figures.
The firm checks for conflicts with the owners and the project before accepting an assignment, and discloses any service on a property in the three years before the assignment.
Engagements begin with the project, the parcels and the acquisition schedule, and the firm confirms scope, fee and delivery date in writing.
The firm replies within one business day and arranges a call from there.
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Northeast Ohio: 1409 W. 10th Street, Cleveland, OH 44113