Specifications include, but are not limited to: • Begin project with a start-up meeting with the City • Analyze all of the Commercial and Industrial qualified sales for a period of at least (2) years prior to the assessment date of April 1, 2023. • Mail I & E questionnaires to all applicable income producing property • Complete a thorough analysis of all returned Income and Expense (I&E) questionnaires and input data to create market rents, expenses and vacancy rates. • Update all applicable land, building and depreciation tables as dictated by sales analysis, I&E’s, and Marshall & Swift cost manual. • Generate cap rates using the latest publication of Investor’s Survey and extracted directly from the market when possible.
