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Redevelopment commission approves appraisal engagement after staff flags fee discrepancies
Summary
Commission approved an engagement letter with First Appraisal Group to appraise specified parcels; commissioners noted a large fee discrepancy between two bidders and scheduled a methodology call with Wayne Johnson to clarify scope.
The Greene County Redevelopment Commission approved an engagement letter with the First Appraisal Group to perform appraisals for selected parcels, after staff highlighted differing fee estimates from two appraisal firms.
Staff reviewed options for appraising clustered acreage versus subdivided lots and said prior appraisers spread a total acreage valuation across individual lots in past exercises. The commission heard that one firm's update/renewal fee appeared as low as $750 while another estimate for parcel work was substantially larger (a figure referenced in the discussion was $5,750), and staff scheduled a telephone appointment with Wayne Johnson to confirm methodology and scope.
Karen moved to approve the engagement with First Appraisal Group; Scott seconded. The commission approved the engagement by voice vote and staff said it will report back on the methodology conversation with Wayne Johnson.
