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Real Estate Appraisal Services

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Program Summary
Title: Real Estate Appraisal Services
SBContract Opps ID: NBD17117964526347136
State: Colorado
Agency: Town of Avon
NAICS Code: 531320 - Offices of Real Estate Appraisers
Source: Members Only
Posted Date:
Mar 03, 2021
Due Date: Mar 08, 2021

Bid Title: Real Estate Appraisal Services
Category: Professional Services
Status: Open


Real Estate Appraisal Services

The Town of Avon, Colorado (the ¡°Town¡±) is seeking proposals from qualified, licensed Real Estate Appraisers with demonstrated professional competence and experience to provide all labor, equipment, goods, and supplies necessary to provide real estate appraisal services for that certain affordable housing complex known as Buffalo Ridge I, located at 1020 Swift Gulch Road, Avon, Colorado 81620 (the ¡°Property¡±).

Interested qualified firms may obtain additional information from:

Paul Wisor, Town Attorney Town of Avon
pwisor@garfieldhecht.com For security reasons, you must enable JavaScript to view this E-mail address.


Submittals are due no later than Monday, March 8, 2021, 5:00 p.m. A principal of the firm must sign the submittal cover letter and the proposal itself. Late submittals will not be accepted.
Please submit one digital copy in .pdf format to pwisor@garfieldhecht.com For security reasons, you must enable JavaScript to view this E-mail address. .


In 2002, the Town of Avon formed the Buffalo Ridge Affordable Housing Corporation, a Colorado non-profit corporation, for the purpose of financing and owning the Property on behalf of the Town. The Property consist of 68 units composed of 2 and 3-bedroom units in four buildings located east of the Town¡¯s fleet maintenance facility. The Apartments are currently managed by Polar Star Properties.

The selected contractor will be expected to perform the following services:

? The contractor shall conduct a physical inspection of the land and improvements. Locate and review comparable land sales, adjusted to the specific circumstances of the subject property. Determine the property value based on an Income Approach.
? Investigate public records for pertinent information affecting the value of the property, including the terms of the exiting deed restriction applicable to the Property.
? Perform appraisal in accordance with the requirements of the Code of Professional Ethics and Standards of Professional Appraisal Practices of the Appraisal Institute, including the Uniform Standards of Professional Appraisal Practices. Must be licensed/certified Real Estate Appraiser (State of Colorado).
? Provide appropriate maps, photographs, diagrams, and schematic floor plans.
? The selected contractor will also provide complete documentation for each appraisal along with proper analysis. An update to the appraisal may be requested.
? Any contractor entering the Property must wear PPE including but not limited to a mask that covers their mouth and nose. The mask should be worn throughout the entire period of service delivery. The selected contractor shall practice social distancing while on site.
? The selected contractor must agree to execute without reservation, the appraisal certificate, as set out in the appraisal report. The selected contract should be able to provide an appraisal acceptable to the standards of the Colorado Housing Finance Agency when requested by the Town.
? Complete Appraisal by April 10, 2021.
A written Statement of Qualifications should be provided and include:
1) A maximum of three (3) projects which meet the Scope of Work described above, and names and addresses of these clients;
2) Identification of team members and backgrounds, state roles of each member, and provide a team organization chart. Highlight strengths of team relative to experience in similar projects.
3) Approach to complete the Scope of Work
4) Schedule to complete the Scope of Work;
5) Please include fee for the Scope of Work including all expenses attributable to the project. Provide hourly billing rate for specific team members that will be engaged in this project.
6) Statement regarding any conflicts of interest and listing of any litigation involving the firm in the past five (5) years and lawsuit dismissal and/or termination outcomes.
A Selection Committee will review of the proposals for recommendation to Town Council. The Selection Committee is expected to include the Town Manager, Assistant Town Manager/Finance Director and the Town Attorney. The Selection Committee shall rate each submittal based upon the following factors:
1) Responsiveness and clarity of the proposal
2) Experience with similar projects
3) Past successful experience in working with municipal governments
4) Schedule and Cost of Services
5) References
The Town reserves the right to reject any and all proposals and to waive any irregularities or informalities. This RFP does not commit the Town of Avon to award or contract, nor pay any costs incurred, in the preparation and submission of proposals in the anticipation of a contract. The Town intends to select a firm that demonstrates, in the Town¡¯s sole opinion, that it is the most highly qualified firm to provide the Scope of Services described in this RFP based upon its demonstrated competence and qualifications and that provides the best value to the Town. With the most highly qualified firm, the Town will negotiate a contract for the provision of those services at a fair and reasonable price. If a negotiated agreement cannot be reached, the Town may terminate negotiations with the most highly qualified firm and open negotiations with the firm which demonstrates the next highest degree of qualification, and so on until a contract is achieved. The Town will not bear any expense for the preparation or submittal of the proposals. The Town retains all rights to solicit and enter into agreements with firms for additional services or projects deemed necessary by the Town.

Publication Date/Time:
3/2/2021 8:00 AM
Closing Date/Time:
3/8/2021 5:00 PM
Related Documents:

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