RES 86093 - Laserfiche WebLink

AMERICAN APPRAISAL ASSOCIATES, INC. Mr. Kenneth M. Hammort 3 February 6, 1986 Continuous American Appraisal Service(R) With your selection of Continuous American appraisal Service(R), we will provide annual updated reports under our Continuous Service Agreement. We will furnish continuous appraisal service as follows: 1. This service will include annual update of the computer data file, based upon City prepared reports of additions, transfers and dispositions of property. 2. AAAI will provide a property record maintenance manual and the necessary forms and instructions for data reporting. 3. Annually scheduled reports will comprise those selected from the list provided above. 4. In the event of a fire loss or other property damage covered by insurance, A3~AI will furnish upon request: a Consultation service and general inspection if required, of the damaged area as a basis of formulating procedures and preparing appraisal values for the subscriber's use in the loss adjustment. b) Revised Insurance Summary Report on the appraised property, if required, as of the date of loss, based upon the initial appraisal and subsequent reports of property changes, for assistance in checking the adequacy of insurance coverage. c Prepare a detailed revised report for property reflecting insurable values at the time of loss. All other classifications within the report would be revised to the extent possible consistent with the form of the initial appraisal and unusual conditions existent after the fire. Such reports would include the property contained in the damaged area and would be based upon the initial appraisal and subsequent reports of changes. d Recommendations for such further special services, as may be required and authorized, at additional charges, are provided in the first clause below.