KELLY TOWNSHIP WAIVER VALUATION PROCEDURE EASEMENTS FOR CDBG FUNDED KELLY APARTMENT SIDEWALKS PROJECT
The Kelly Township Board of Supervisors. will implement the following procedures when preparing a waiver valuation for properties to be acquired via easement for the Kelly Apartment Sidewalks project using Community Development Block Grant funds. A waiver valuation is appropriate when:
a) The anticipated value of the proposed acquisition is expected to be below $10,000;
b) The valuation problem is not complex.
A waiver valuation will be conducted by a person who has sufficient understanding of appraisal principles and the local real estate market to be qualified to prepare it. The person performing the waiver evaluation shall not have any interest, direct or indirect, in the real property being valued for Kelly Township. No person shall attempt to unduly influence or coerce the waiver valuation preparer regarding any valuation or other aspect of the waiver valuation.
When conducting the waiver valuation, Kelly Township or its agent is not obligated to invite the property owner to accompany the waiver valuation preparer during the property inspection. The waiver valuation preparer may be authorized by Kelly Township to act as a negotiator for real property for which that person has made a waiver valuation only if the offer to acquire the property is expected to be $10,000, or less.
In the event a property owner accepts compensation established by the waiver valuation, the property owner will be required to disclose any potential conflicts of interest to the waiver valuation preparer, Kelly Township, Kelly Township’s legal counsel, and/or other entities as otherwise may be appropriate.
Waiver valuations do not meet the definition of an appraisal under the Uniform Relocation Assistance and Real Property Acquisition Policies Act (URA) and are therefore not subject to URA appraisal requirements. The purpose of the appraisal waiver provision is to provide agencies a technique to avoid the costs and time delay associated with appraisal requirements for low-value, non-complex acquisitions. The intent is that non-appraisers make the waiver valuations, freeing appraisers to do more sophisticated work.