HomeMy WebLinkAboutR80-291I CITY OF PLA'INVIEW i
RESOLUTION NO. R80-291
O0 207
A RESOLUTION. OF THE CITY COUNCIL OF THE CITY OF
PLAINVIEW, TEXAS ACCPETING THE APPRAISAL REPORT
AND ESTABLISHING~FAIR MARKET VALUE FOR A 100 FT.
STORM DRAINAGE RIGHT-OF-WAY OUT OF THE NORTHEAST
PART OF THE POLIET SMITH HOMESTEAD AND AUTHORIZING
PAYMENTOF THE APPRAISAL FEES IN CONJUNCTION WITH
THE 1978 CDBG STORM DRAINAGE PROJECT.
WHEREAS, the City Council of the City of Plainview desires to
establish fair market value for property located in the City of Plainview's
Community Development Storm Drainage Project area; and
WHEREAS, the Community Development Department has obtained an
appraisal from a qualified-4 real estate appraiser, under contract, for
his determination as to fair market value; and
WHEREAS, the review appraiser ~has submittedhis report including
his opinion of the fair market value; and
WHEREAS, the City Council of the City of Plainview has reviewed and
discussed the appraisals and the report of the review appraiser; and
WHEREAS, the appraiser has satisfactorily completed his obligations
for this tract of land:
NOW, THEREFORE BE IT RESOLVED BY THE Mayor and City Council of
the City of Plainview, to certify that the work of the appraiser and
review appraiser has been performed in a competent manner in accordance
with applicable State Law, the Housing and Community Act of 1974 (Public
Law 93-583), and the Department of Housing and Urban Development"-p61i¢ies
and requirements; therefore, the following fair market value is hereby
established and the listed acquisition price is hereby approved:
A. Poliet Smith Homestead:
1. Owner: Joe E. Webb, et. al
2. Appraiser and Date of Appraisal: Davie Julian, June 27, 1980.
3. Review Appraiser and Date of Review Appraisal: Walter Dodson,
July 8 1980.
4. Fair Market Value: $6,230.00
5. Acquisition Price: $6,230.00
B. Payment in the amount of $250.00 is hereby authorized for David
Julian for appraisal services perform on said tract of land.
PASSED AND APPROVED this the l~dayAugus~,1980.
WALTER S. DODSON, City Clerk
ESTI~tiTE OF PLA1LKET VALUE
1978, 1979, 1980 COMMUNITY DEVELOPMENT GRANT PROJECT
PREPARED FOR
JOh-N HATCttEL
CITY MANAGER
CITY OF PLAINVIEW
P. O. BOX 1870
PLAINVIEW, TEXAS
PREPARED BY
DAVID JULIAN
604 GARLAND STREET
PLAINVIEW, TEXAS
July 3, 1980
ESTIMATE OF MARKET VALUE
Mr. John Hatchel
City Manager
P. O. Box 1870
Ptainview, Texas
79072
Dear Mr. Hatchet:
In compliance with your request, the undersigned has completed an
appraisal for the property located east of Santa Fe Rail Road and south
of East 3rd Street, Plainview, Texas involved in the Channel Improvement
Project of 1978, 1979 and 1980 Community Development Grant Project.
Please be informed that a carefu% and personal inspection was made
of this site and its improvements, if any. Due consideration wms given
to all factors and forces that influence property value at the subject
location.
The undersigned appraiser has in his files comparable sales data
used in this report and if required are available.
PURPOSE OF THE APPRAISAL
The purpose of this appraisal report is to estimatethemarket
value of the fee simple title encumbered by existing easements which
are not to be extinguished in the purchase of the fee, if-amy, and
excepting oil, gas and sulphur, of the subject property and the cost
of moving si'gus, if any .
NARKET VALUE
Market Value may be defined as follows: '~arket Value is the
price which the property would bring when it is offered for sale
by one who desires, but is not obliged to sell, and is bought by
one who is under no necessity of buying it, taking into consider-
ation all of the uses to which it is reasonable adaptable and for
which it either is or in all reasonable probability wi!l become
available within the reasonable future."
I hereby certify:
That my opinion of the fair market value of the acquisition as of
June 27, 1980 is baSed upon my independent appraisal and professional
judgment. Statement of Limiting Conditions are attached to this report.
DJ; bh
ResPectfully 'submitted,
David Julian, ~raise~.
CHANNEL IMPROVEMENT PROJECT
1978, 1979, 1980 COMMUNITY DEVELOPMENT GP~A2Ff PROJECT
PROPERTY O~N~ER: Joe E. Webb et al
LEGAL: See attached Field Notes
DATA ON PARTIAL TAKING
DIMENTIONS:
100' / 1366.63
X 100.27 /-1374.6
= 137,039 Sq. Ft. /~ Fee
~P~OLE PROPER?Y:
The market value of thew hole property is
$24,168
PART TAKEN:
Considered as severed land, themarket value
of fee simple title to the part being taken
for channel purposes is
$ 6,230
REMAINING PROPERTY:
The market value of the remainder immediately
before the taking is $ 17,938
Considering the use to which the part taken
is to be subjected to, the market value-of
the remainder immediately after the taking,
is $ 17,938
NET D~2~AGES, if any
-0-
TOTAL COMPENSATION
$ 6,230
Date June 27, 1980
FIELD NOTES FOR DRAINAGE RIGHT-OF-NAY OCFF OF
NORTtt EAST PART OF POLIET HOMESTEAD SURVEY
4/25/8o
A tract of land out of and being the East lO0.O feet of a 12.21
acre tract of land out of the N.E. part of the Poliet Smith
Homestead Survey, Hale County, Texas, and being more particularly
described as follows:
BEGINNING at a steel rod set 963.0 feet West and 25 feet South
of the Northeast corner of the Poliet Smith'Homestead~Su~¥ey,
Hale County, Texas, and for the NOrtheast corner of a 12.2t
acre tract described in deed recorded in Vol. 429, Page 245,
.Deed Records of Nale County, Texas;
THENCE S.89°41'lO"W. lO0.O feet along the North l~.ne of said.
12.21 acre tract to a point;
THENCE South 1,366.63 feet along a line 100 feet Nest from and
parallel to the West line of a'tract deeded to t~e City
Pl~inview, Texas, described in Vol. 132, Page 44~, Deed Records
of Hale County, Texas, to a point in the South .l~ne of said
12.21 acre tract;
THENCE S.85°45'30"E. 100.27 feet along the South line of said
-12.21 acre tract to a steel rod in the West line of said city
tract;
THENCE North 1,374.6 feet along the West line of said--city
tract to the Place Of Beginning and containing 3..146 acres of
'land.
N E
DESCRIPTION
The follo~ming are some of the sales used in the Estimate of Market
Value:
1. Vol. 601, page 697
2. Vol. 634, page 611
3. Vol. 617, page 507
4. Vol. 659, page 141
5. Vol. 659, page 147
6. Vol. 659, page 143
CERTIFICATION AND STATEMENT OF LIMITING CONDITIONS
CERTiFICATION: 'l'ke Appraiser certifies and agrees ti2at:
1. ri-he Apvralser has :m present or contemplated future interest in tlm property appraised; and neither the employmer~t to
make the appraisal, nor tb, e com penmtion for ~t, is contingent upon the appraised value of the property.
2. The Appraiser has no personal interest in or bias with respect to the subtect matter of the appraisal ~eport or the partici-
p~ts to thC sale. The "Estimate of Market Value" in the appraisal report is not based in whole or in part upon t.l~e race, color.
or national origin of the prospective owners or occupants of the property appraised, or upon the race, color or ~ationai origha
of the present owners or occupants of the properties in the v/cinity of the property appraised.
3. ~fhe Appraimr has personally inspected the property, both inside and out, and has made an exterior inspection of ail
.comparable sales listed in the report. To the best of the Appraiser's knowledge and belief, at! statement~ and information in
.this report are true and correct, and the Appraiser has not knowingly witt~eld any significant information.
4. All contingent and limiting conditions are contained herein (imposed by the terms of the assignment or by the under-
~igned affecting the analyses, opinions, and conctusi0hs contained in the report).
5. This appraisal'report has been made in conformity with and is subject to the requirementxof the Code of Professional
Ethnics and Standards of Professional Conduct of the appraisal organizations with which the Appraise~' is.affiliated.
6. Ail conclusions and opinions concerning the real estate that are set forth in the appraisal report were prepared by the.
Appraiser whose signature appears on the appraisal report, unless indicated as '~Review Appraiser~' No change of aw.q item in
~the appraisal report shall be made by anyone other than the Appraiser, and theAppraiser r~hall have no responsibility for any
such unauthorized change.
CONTINGENT AND LIGHTING CONDITIONS: The certification of the Appraiser appearing in the appraisal reportis subject
to the following conditions and to such other specific and limiting conditions as are set forth by the Apl>raiser in the report.
1. The ~/pprai~er assumes no responsibility for matters of a legal nature affecting t_he property appraised or the title tlaere-
to, nor does the Appraiser render any opinion as to the title,~which is assumed to be good and marketable. The propee{y is
appraised as though under responsible ownership.
2. Any sketch in the report may show approximate dimensions and is included to assist theieader in visuaIizing the. prop-
erty. The Appraiser has made no su. rvey of the property.
3. The Appraiser is not required to give testimony or appear in Court because of havingmade hhe appraisal with reference
to the property in question, unless arrangements have been previously made therefor.
4. Any distribution of the valuation in the report between land and improvements applies only under the existing program
of utilization. The separate valuations for land and building must not be used in conjunction with any' other appraisal and are
ha'~id if so used.
' 5. 'I~he Appraiser assumes that the~'e are no hidden or unapparent conditions of the property,- subso~, or structures, which
-would render it more or less valuable. The Appraiser assumes no responsibility for such conditions~ or for engineerin, g which
mi_g,h~: be required to discover such factors.
6. Information, esth-nates, and opinions furnished to the Appraiser, and contained in the report, were obtained, from sources
- considered reliable mud believed to be true and correct. However, no responsibility for accuracy of suc~'i items i'urnished the
-Appraiser can be assumed by the Appraiser.
7. Disclosure of the contents of the appraisal repo~ is'governed by the Bylaws and' P~gulati0ns of the profe~ionat appraisal
:organizations with which the Appraiser is affiliated.
8. Neither all, nor any part of the content of the report, or copy thereof(including conclusions a~ to the property v.alue,
the identity of the Appraiser, professional designations, reference to any professionM appraiml organiaatiom, or the Firm with
w~ch the Appraiser i~ connected), shall be used for any purposes by anyone but the client specified ia the repo~, the borrowe~:
ffeppraisal fee paid by same, the mortgagee or its successors and assigns, mortgage insurers, consultant~ profes~on~ appmimt.
' o~tions, any state or federally approved Financial institution, any department, agency, or instrumentality of the Urdted
'~ ::S~ates or any state or the District of Columbia, without the previous Written consent of the Appraiser; nor. shall i! be conveyed
by anyone to the public through advertising, public relations, news, sales, or other media, without the written cor~nt and
approval of the Appraiser.
9. On all appraisals, .subject to satisfactory completion, repairs, or alterations, the apprai.~al report and value conclusion are
· contingent upon completion of the improvements in a wor.kman!Ll'ke manner.
Date: .... 7 ~'i).._.; . . . Appraiser(s) .............................