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Committee green-lights appraisal RFP to support voluntary buyouts
Summary
The committee approved an RFP to procure Missouri-registered appraisal services for homeowners participating in voluntary flood buyouts, with staff to incorporate committee edits before issuance.
The CDA Professional Service Committee approved an RFP to obtain appraisal services necessary for the voluntary buyout program tied to the city's CDBG-DR action plan.
Rashanda (CDA staff) told the committee that for each homeowner who volunteers for a buyout the city will need a Missouri-registered appraisal to establish a pre-flood value for offers to property owners. "We will need to have a local state of the Missouri registered appraisal for each of our homeowners that do volunteer," Rashanda said, and added the city will also procure title services to ensure properties can be transferred into the city's land bank with clean title.
Committee members reviewed draft language and suggested editorial corrections (examples noted: "rights to data" language on page 15). Subject to Christine Ingrassia's suggested edits, the committee moved to issue the appraisal RFP; the motion passed on a unanimous roll-call vote.
Staff said the RFP will specify appraisal standards and title requirements consistent with state registration and CDBG-DR program rules and will return procurement outcomes at the next scheduled meeting.
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