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Assess and Reassess Real Estate _____.__ jg IOa3X 1014.3X oa�x -� RESOLUTION WHEREAS, by amendment to the City Charter, the City was authorized by the General Assembly of Virginia to assess and reassess real estate on an annual basis for taxation; and WHEREAS, the City Council did, on January 5, 1965, enact an ordinance to provide for the immediate assessment and reassessment of all taxable real estate within the City; and WHEREAS, it is deemed necessary and proper to employ a qualified real estate appraiser to render fair market appraisals of all such taxable real estate; and WHEREAS, the City Council, on the recommendation of the City Manager, has determined that Thomas Reed is a real estate appraiser qualified to make the required appraisals and has agreed to execute a contract with the City for said appraisals, a copy of which is attached hereto and incorporated herein by reference; NOW, THEREFORE, BE IT RESOLVED that the City Manager be and he hereby is authorized to execute on behalf of the City, the aforesaid contract and to bind the City to the obligations, terms and conditions contained therein. ADOPTED: Attest: Mayor Clerk ., •.n... . ..... .,+...::car(Soru,tai+bra:4,,,,,,c.i, .'' iilZii2i: :..ti iiti RESOLUTION gill WHEREAS, by amendment to the City Charter, the City was r authorized by the General Assembly of Virginia to assess and reassess real estate on an annual basis for taxation; and / WHEREAS, the City Council did, on January; 1965, eiact'agn grdinanc_e to.-pr i fQr t ate assessnrexrt"and:-reas'sessment of all taxable real estate within the City; and,+ k,(� c`1.` > . WHEREAS, it is deemed necessary and proper'to employ a n,,J ,_. real estate appraiser to render fair market appraisals of all such taxable real estate; and WHEREAS, the City Council, on the recommendation of the City i i� Manager, has determined that Thomas Reed is a real estate appraiser 0r ti AI 4 I .-entattiteti to make the required appraisals and has agreed to execute a Cf4/t, contract with the City for said appraisals, a copy of which is attached yf„t/v,(A-v-i, hereto and incorporated herein by reference; NOW, THEREFORE, BE IT RESOLVED that the City Manager be and he hereby is authorized to execute on behalf of the City, the aforesaid contract and to bind the City to the obligations, terms and conditions contained therein. l// -2,/64 ADOPTED: Attest: Mayor Clerk ( RO XERO' 'XEROX COPY �COPY+ 1 x.(ER'O n*' 4 RESOLUTION WHEREAS, by amendment to the City Charter, the City was authorized by the General Assembly of Virginia to assess and reassess real estate on an annual basis for taxation; and WHEREAS, the City Council did, on January 12, 1965, establish a "Department of Assessments" , and is considering the adoption later of a formal ordinance creating such a department; and WHEREAS, it is deemed necessary and proper to employ a competent real estate appraiser to render fair market appraisals of all such taxable real estate; and WHEREAS, the City Council, on the recommendation of the City Manager, has determined that Thomas Reed is a real estate appraiser competent to make the required appraisals and has agreed to execute a contract with the City for said appraisals, a copy of which is attached hereto and incorporated herein by reference; NOW, THEREFORE, BE IT RESOLVED that the City Manager be and he hereby is authorized to execute on behalf of the City, the aforesaid contract and to bind the City to the obligations, terms and conditions contained therein. ADOPTED: January 12, 1965 Mayor Attest: i1 Giu-CLs� 6.7"`cf.': Clerk AGREEMENT THIS AGREEMENT made this T'day of j4/tlR.2 Y , 1965, by and between the CITY OF FAIRFAX, VIRGINIA, a body corporate, hereinafter called the "City", and THOMAS E. REED, Appraiser, hereinafter called the "Appraiser"; WHEREAS under the authority of its Charter, the City of Fairfax elects to perform a complete reassessment of all real property within the City; and WHEREAS it is the desire of the City to complete this reassessment during the calendar year 1965--the assessments so derived to become effective for tax purposes on January 1, 1966; and WHEREAS it is the desire of the City to have appraisals made by a qualified real estate appraiser of all real estate parcels within the City; and WHEREAS the Appraiser has submitted his qualifications to the City, which have been accepted; and WHEREAS the Appraiser is desirous of performing this work for the City for an agreed fee; NOW, THEREFORE, for and in consideration of the sum of One Dollar, paid by the City to the Appraiser, the receipt of which is hereby acknowledged, and for the mutual benefits to be derived hereunder and the covenants contained herein, and for other valuable consideration, the parties covenant and agree as follows: A. Work To Be Done The Appraiser shall undertake a study of the real estate values in the City and shall prepare and deliver to the City all of the information developed in conjunction therewith, including a written report of the appraised values of all real estate parcels in the City and shall: 1. Prepare assessment cards and maps and gather and record market data, real estate sales data and rental information 4. -2- applicable to the City. 2. Employ the standard of fair market value in all appraisals. 3. Perform the necessary field work to assure a competent and realistic appraisal of all real estate parcels in the City, including improvements thereon. 4. Review appraisals and hear and consider complaints of property owners aggrieved by the appraised values reported by the Appraiser. Appear in defense of said appraisals before such appellate body as may be established by the City for the purpose of considering the complaints of aggrieved property owners or before a court of competent jurisdiction until such time as the appraisals are declared valid for real estate taxing purposes by the City. 5. Employ such additional appraisal services as may be necessary to complete the reassessment within the allotted time. The qualifications of such additional appraisers or appraisal services to be subject to the approval of the City. The City shall furnish such clerical assistance as may be necessary to maintain the records of the Appraiser, and shall furnish all land records, current assessment information, tax maps and related information currently available to the City and will provide sufficient space within the City Hall to accommodate such records and personnel considered necessary to the proper performance of the work. B. Remuneration 1. The City shall pay the Appraiser for the performance of this contract a total of Twenty-seven Thousand Dollars ($27, 000. 00). Remuneration shall be made in equal monthly payments of Twenty-two Hundred Fifty Dollars ($2250. 00), the first such payment to be made on January 31, 1965 with equal -3- payments to be made at the end of each successive month until the sum of Twenty Thousand Two Hundred Fifty Dollars ($20, 250. 00) has been paid. At such time as the work has been completed to the satisfaction of the City, the balance of Six Thousand Seven Hundred Fifty Dollars ($6, 750. 00) shall be paid to the Appraiser. 2. In the event of the death or incapacity of the Appraiser before completion of the work required hereunder, the City shall have the right to terminate any further obligation on its part hereunder and shall only be liable for payments due in the month of said death or incapacity. C. Time of Completion 1. The Appraiser agrees to begin performance hereunder promptly upon the execution of this contract and shall deliver to the City the written appraisal of each parcel at the time such appraisal is completed and shall guarantee delivery to the City not later than August 31, 1965 of the complete appraisals of all the real estate parcels existing in the City as of the date of this contract. 2. If, in the opinion of the City, the progress of work done hereunder does not indicate the probability of completion by August 31, 1965, then the City shall have the right to require the immediate hiring of additional qualified assistants by the Appraiser and at the expense of the Appraiser in order to insure completion by August 31, 1965, it being the understanding of the parties that time is of the essence in the performance of this contract. IN WITNESS WHEREOF the parties hereto have caused this contract to be executed on the day and year first above mentioned. CITY OF FAI•, VIRGINIA / BY Attest: ),it 1) Le17 Thomas E. Reed, Appraiser AGREEMENT THIS AGREEMENT made this 20 r day of 4'/VU.9,z y , 1965, by and between the CITY OF FAIRFAX, VIRGINIA, a body corporate, hereinafter called the "City", and THOMAS E. REED, Appraiser, hereinafter called the "Appraiser"; WHEREAS under the authority of its Charter, the City of Fairfax elects to perform a complete reassessment of all real property within the City; and WHEREAS it is the desire of the City to complete this reassessment during the calendar year 1965--the assessments so derived to become effective for tax purposes on January 1, 19G6; and WHEREAS it is the desire of the City to have appraisals made by a qualified real estate appraiser of all real estate parcels within the City; and WHEREAS the Appraiser has submitted his qualifications to the City, which have been accepted; and WHEREAS the Appraiser is desirous of perforrn;iaa this work for the City for an agreed fee; NOW, THEREFORE, for and in consideration of the sum of One Dollar, paid by the City to the Appraiser, the receipt of which is hereby acknowledged, and for the mutual benefits to be derived hereunder and the covenants contained herein, and for other valuable consideration, the parties covenant and agree as follows: A. Work To Be Done The Appraiser shall undertake a study of the real estate values in the City and shall prepare and deliver to the City all of the information developed in conjunction therewith, including a written report of the appraised values of all real estate parcels in the City and shall: 1. Prepare assessment cards and maps and gather and record market data, real estate sales data and rental information -2- applicable to the City. 2. Employ the standard of fair market value in all appraisals. 3. Perform the necessary field work to assure a competent and realistic appraisal of all real estate parcels in the City, including improvements thereon. 4. Review appraisals and hear and consider complaints of property owners aggrieved by the appraised values reported by the Appraiser. Appear in defense of said appraisals before such appellate body as may be established by the City for the purpose of considering the complaints of aggrieved property owners or before a court of competent jurisdiction until such time as the appraisals are declared valid for real estate taxing purposes by the City. 5. Employ such additional appraisal services as may be necessary to complete the reassessment within the allotted time. The qualifications of such additional appraisers or appraisal services to be subject to the approval of the City. The City shall furnish such clerical assistance as may be necessary to maintain the records of the Appraiser, and shall furnish all land records, current assessment information, tax maps and related information currently available to the City and will provide sufficient space within the City Hall to accommodate such records and personnel considered necessary to the proper performance of the work. B. Remuneration 1. The City shall pay the Appraiser for the performance of this contract a total of Twenty-seven Thousand Dollars ($27, 000. 00). Remuneration shall be made in equal monthly payments of Twenty-two Hundred Fifty Dollars ($2250. 00), the first such payment to be made on January 31, 1965 with equal -3- payments to be made at the end of each successive month until the sum of Twenty Thousand Two Hundred Fifty Dollars ($20, 250. 00) has been paid. At such time as the work has been completed to the satisfaction of the City, the balance of Six Thousand Seven Hundred Fifty Dollars ($6, 750. 00) shall be paid to the Appraiser. 2. In the event of the death or incapacity of the Appraiser before completion of the work required hereunder, the City shall have the right to terminate any further obligation on its part hereunder and shall only be liable for payments due in the month of said death or incapacity. C. Time of Completion 1. The Appraiser agrees to begin performance hereunder promptly upon the execution of this contract and shall deliver to the City the written appraisal of each parcel at the time such appraisal is completed and shall guarantee delivery to the City not later than August 31, 1965 of the complete appraisals of all the real estate parcels existing in the City as of the date of this contract. 2. If, in the opinion of the City, the progress of work done hereunder does not indicate the probability of completion by August 31, 1965, then the City shall have the right to require the immediate hiring of additional qualified assistants by the Appraiser and at the expense of the Appraiser in order to insure completion by August 31, 1965, it being the understanding of the parties that time is of the essence in the performance of this contract. IN Vk ITNESS 'HEREOF the parties hereto have caused this contract to be executed on the day and year first above mentioned. CITY OF FAIRFAX IRGINIA BY - Attest: %Y. 1. Thomas E. Reed, Appraiser'