3564 RESOLUTION NO. 3 ,564
A RESOLUTION AUTHORIZING THE MAYOR AND CITY
CLERK TO EXECUTE A CONTRACT FOR APPRAISAL
SERVICES FOR CERTAIN PROJECTS WITHIN THE
1965 CAPITAL IMPROVEMENT BOND PROGRAM;
AND FOR OTHER PURPOSES.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF
DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1. The Mayor and City Clerk are directed
to enter into and execute a contract with the appraisers
who are to be employed to make appraisals of certain
Parcels of property to be acquired by the City of Little
Rock in connection with the straightening of West Third
Street, one of the projects under the 1965 Capital
Improvement Bond Program, which appraisal contract shall
be in form and substance as follows:
C O N T R A C T
WITNESSETH THIS CONTRACT made and entered into
this day of 1966, by and between the City
of Little Rock, Arkansas, hereinafter referred to as the
CITY and William A. Payne, Russell McLean, Lonnie O. Sawyer,
and Walter L. Hinton, Jr. hereinafter referred to as the
APPRAISERS.
1. Scope of Work.
APPRAISERS agree to furnish CITY with appraisals,
done in a professional and proper manner, for each tract of
property lying within the proposed right-of-way for that
portion of West Third Street identified as the "West Third
Street Relocation project" as designed by Garver Garver,
Inc. , Engineers, consisting of 25 parcels numbered 1 through
25. The services contemplated herein shall require one
appraisal on certain parcels and two appraisals on certain
others and as between the APPRAISERS the parcels are
allocated as follows.
William A. Payne---Parcels 1 (2) (3) (5) (6) (7) (8) 16 18
Russell McLean ,Parcels (2) (3) (4) 9 9A 10 19
Lonnie 0. Sawyer Parcels (4) 13 14 15 21 22 25
Walter L. Hinton, Jr.-- parcels (5) (6) (7) (8) 12 17 20 23 24
The Parcels bracketed are those requiring two
appraisals.
4 Not covered within the "Scope of Work" hereunder is any
service performed by the APPRAISERS, or any of them, as the
result of testifying in court in any condemnation proceding.
CONTRACT PAGE 2
APPRAISERS will furnish to CITY completed written
appraisals on 12 parcels on or before May 11, 1966, and the
remaining parcels to be appraised shall be completed and
submitted to the CITY on or before June 1, 1966.
2. Contract sum.
For the performance of the above services and for
any other performance called for hereunder the CITY shall
pay to APPRAISERS individually, the sum of $1,050.00 each.
Payment shall be made upon the completion of all appraisals
required hereunder and upon receipt by the CITY of the
written appraisals on each and every parcel assigned to any
given appraiser.
3. General Conditions.
CITY shall furnish to APPRAISERS a complete and
detailed property description of each parcel and the same
of the record owner of the property. APPRAISERS agree that
minor adjustments in any appraisal report which may be
necessary as the result of changes in ownership of the property
or in minor adjustments to the property description which
shall not necessitate a material revision of the appraisal
will be accomplished without additional charge to the CITY
but in the event that any change in ownership or :property
description of any parcel shall require a substantial
revision of the appraisal then the APPRAISERS so affected
shall be compensated for making such revision at the
rate of $ per hour actually consumed by the APPRAISERS
in making said revision. If testimony in Court shall be
requested by the CITY each APPRAISER so called to testify
shall receive a fee not to exceed $100.00 per man day, the
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CONTRACT r.AGE 3
time to be computed in one-half day increments, which fee
shall include the time consumed by the APPRAISER for bring-
ing the appraisal up-to-date to the time to taking by the
CITY.
It is agreed by the parties hereto that the
appraisal reports submitted under this contract and all
information therein contained are for the confidential
information of the CITY and no other person. Any breach
of such confidence shall be considered a material breach of
this contract except when disclosed through testimony in
court under subpeona or court order.
4. Termination.
The CITY shall have the right to cancel this
contract on .one week written notice if any APPRAISER shall
have failed to meet the agreed schedule of performance for
two consecutive weeks. Such cancellation shall be effective
only as to any APPRAISER in default and shall not effect
the right of anyother a PR;'MISER who shall have performed
hereunder. The CITY shall have right to cancel this contract
without cause upon giving two weeks written notice of such
cancellation and the CITY' S obligation upon such cancellation
shall be limited to payment for appraisal reports received
by the CITY prior to effective date of cancellation.
IN `iIITNESS WHEREOF, the parties hereto have caused
this contract to be executed on this day of of 1966.
CITY OF LITTLE ROCK
By
Mayor
Attest:
City Clerk
William ti. Payne
Russell McLean
Lonnie O. Sawyer
Walter L. Hinton, Jr.
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S :CTION 2. This resolution shall be in full force
and effect from and after its adoption.
ALTO TED: May 2, 1966
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