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Committee approves RFP for appraisals to support voluntary buyouts
Summary
The committee approved issuing an RFP to procure Missouri-registered appraisal services to establish pre-flood values for homeowners participating in the voluntary buyout program; the action was moved with suggested edits and passed on a roll call.
Committee members approved issuing an RFP to secure local, Missouri-registered appraisal services necessary for voluntary buyouts under the city's CDBG-DR buyout program.
Staff explained the appraisal RFP is intended to produce pre-flood appraisals for homeowners who volunteer for the buyout so the city can make offers based on local, certified valuations; title work is being procured separately to ensure clean transfer into the land bank. "We will need to have a local state of the Missouri registered appraisal for each of our homeowners that do volunteer," staff said, describing the appraisal requirement. After noting a few editorial corrections proposed by Christine, the committee moved and seconded the RFP issuance; roll call votes were recorded and the motion carried.
Committee instructions limited the action to procurement; no acquisition offers or individual homeowner decisions were made at this meeting. Staff will incorporate Christine's suggested edits to the RFP prior to public posting and return procurement timelines at the next meeting.
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