The Appraiser shall furnish a substantiated Appraisal Report (the “Appraisal”) of the market value of the Property being appraised, to be estimated in accordance with recognized appraisal procedures. The Appraiser shall make such investigations and studies as are necessary to derive sound conclusions as to the market value of the Property and to prepare an adequate Appraisal. The Appraisal is subject to review by the Department of Administrative Services, Office of Real Estate and Planning and must conform to the Uniform Standards of Professional Appraisal Practice (USPAP) as an Appraisal Report under USPAP Standard 2-2(a) and the Appraisal shall include the following items: Client: The client for this report is the State of Ohio and the Department of Administrative Services. Intended Users: The intended users shall include: the named client, the State of Ohio, Department of Administrative Services. Intended Use: The intended use of the Appraisal is for evaluation of its potential acquisition of the Property.
