The appraiser will be responsible for, but not limited to, such tasks as fair market value analyses and eminent domain services of various properties, which PARA may acquire voluntarily or through eminent domain proceedings for redevelopment purposes. Appraisal analyses are to be presented in full narrative expert reports. In addition, value estimates must be based upon the dictates of the property in question and the reports must be prepared in accordance with the standards of the Appraisal Institute and signed by a State Certified Appraiser with an MAI designation. Said reports must also conform to the guidelines of all agencies having jurisdiction over the Real Estate Appraisal profession. The appraiser will also be responsible for reviewing appraisals prepared by other appraisal companies as well as the principal valuation analyses including, but not limited to, Highest & Best Use Analysis, Market/Sales Analysis, and Replacement Cost Analysis.
