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Timestamp: 2017-05-25 22:03:24
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Matched Legal Cases: ['art 24', 'art 24', 'art 24', '§ 24', '§ 24', 'art\n49', 'art 24', '§ 24', '§ 24', '§ 24', '§ 24', '§ 24', '§24', '§24', '§ 24', '§ 24', '§ 24', '§ 24', '§ 24', '§ 24', '§ 24', '§ 24', '§ 24', '§ 24', '§ 24', '§ 24', 'art 24', '§ 24', '§ 24', '§ 24', '§ 24', '§ 24', '§ 24', 'art 24']

49 CFR Part 24 Subpart B Applicability. March 2005 B-2 Applicability of Subpart B Applies to all direct Federal acquisition. Federally assisted acquisition. - ppt download
Published byDarrion Millett
Presentation on theme: "49 CFR Part 24 Subpart B Applicability. March 2005 B-2 Applicability of Subpart B Applies to all direct Federal acquisition. Federally assisted acquisition."— Presentation transcript:
49 CFR Part 24 Subpart B Applicability
March 2005 B-2 Applicability of Subpart B Applies to all direct Federal acquisition. Federally assisted acquisition exceptions in § 24.101(b) (1)-(5), major exceptions are:  Voluntary or willing seller transactions.  Non-eminent domain acquisitions.
March 2005 B-3 “Lets See How it Works” 49 CFR § 24.101 – Subpart B Applicability Decision Chart
49 CFR Part 24 Subpart B Appraisal, Appraisal Review, and Waiver Valuations
March 2005 B-5 Key Topics Appraisal waiver and waiver valuation. Appraisal and appraisal review. URA appraisal requirements. USPAP standards. Qualifications. Responsibilities.
March 2005 B-6 New Definition § 24.2(a)(33) Waiver valuation. “The term waiver valuation means the valuation process used and the product produced when the Agency determines that an appraisal is not required, pursuant to § 24.102(c)(2) appraisal waiver provisions.”
March 2005 B-7 Determining Necessity for An Appraisal § 24.102(c)(2) Appraisal not required if: Owner is donating property. Agency determines the appraisal problem is:  Uncomplicated.  Low value.
March 2005 B-8 Valuation Streamlining Define low value up to $10,000:  Increased from $2,500.  Option available for up to $25,000: Federal funding Agency must approve. Owner must be offered option for appraisal. Prepare a waiver valuation.
March 2005 B-9 Waiver Valuation Is the acquisition uncomplicated? Is the value expected to be less than $10,000? (or less than $25,000 if this option is approved.) Waiver Valuation Appraisal YES NO
March 2005 B-10 Waiver Valuation (cont.) Prepared by knowledgeable person. Not an appraisal. Review not required. Owner accompaniment not required. Agency responsible for:  Basis for preparing.  Establishing just compensation amount.
March 2005 B-11 Criteria for Appraisals Reference: rule and Appendix A § 24.103 This rule defines appraisal requirements for Federal and federally assisted real property acquisition. URA requirements and USPAP standards. This rule is consistent with USPAP.
March 2005 B-12 Criteria for Appraisal (cont.) URA - Regulatory requirements, found at § 24.103. USPAP UASFLA Secondary, non regulatory resources on URA projects.
March 2005 B-13 Working to Maintain Consistency URA appraisal requirements. USPAP standards.
March 2005 B-14 Agency Responsibility Acquiring Agency has the responsibility to assure that appraisals:  Are relevant to its program needs.  Reflect established and commonly accepted Federal and federally-assisted program appraisal practice.  As a minimum, comply with both: Definition of appraisal in §24.2(a)(3). Five requirements in §24.103(a)(2).
March 2005 B-15 AppraisalAssignment Reference: rule and Appendix A § 24.103(a) Agency is to participate in:  Defining the appraisal problem.  Developing the scope of work. Identify personal property.
March 2005 B-16 Appraisal Realty/Personalty Report New Emphasis:  Personal Property – § 24.103(a)(2)(i).  Real Property – Appendix A § 24.103(a)(1).
March 2005 B-17 Written statement. Developed together by appraiser and Agency. Defines general parameters of work. Prepared before appraisal work starts. May be updated as needed Scope of Work
March 2005 B-18 Scope of Work Match the URA and URA rule requirements to the appraisal problem, covering:  The definition of “appraisal” in the URA.  Specific rule requirements in § 24.103(a)(2) and § 24.103(b).
March 2005 B-19 Should address:  Purpose/function of appraisal.  Definition of estate to be appraised.  Definition of fair market value, if applicable.  Assumptions and limiting conditions.  § 24.103(a)(1)-(5) requirements. Scope of Work
March 2005 B-20 May include:  Data search parameters.  Analysis approaches. Scope of Work
March 2005 B-21 Reference: rule and Appendix A § 24.103(d)(1) - § 24.104 Considerations/Factors:  Competency.  Experience.  Education.  Training.  Certification/licensing.  Professional designations. Appraiser and Review Appraiser Qualifications
March 2005 B-22 Appraiser and Review Appraiser Qualifications (cont.) Agency responsibility:  Set criteria on minimum qualifications.  Assure qualifications match the Scope of Work. This requires Agency involvement in the assignment process.  Contract (fee) appraisers must be state licensed/certified.
March 2005 B-23 Appraisal Review Reference: rule and Appendix A § 24.104(a) to (c) Review appraiser responsibilities:  Examine analysis and presentation of data.  Assure all appraisal requirements are met.  Meets definition of appraisal in § 24.2.
March 2005 B-24 Reference: rule and Appendix A § 24.104(a) Review appraiser – required actions:  Appraisal is recommended.  Accept appraisal as complying with all requirements.  Not accept – including reasoning. If authorized, staff review appraiser could do one or both:  Approve the appraisal.  Determine just compensation amount. Appraisal Review (cont.)
March 2005 B-25 Review Appraiser Roles During review:  Consult with appraisers to clarify report conclusions.  May need to prepare an independent valuation that meets § 24.103 requirements. Prepare a written report on results of reviews. May be an in-house consultant on appraisal.
49 CFR Part 24 Subpart B Offers, Negotiations, and Settlements
March 2005 B-27 Key Topics Offer of just compensation. Contacting owners. Administrative settlements. Exceptions. Conflict of interest.
March 2005 B-28 Just Compensation Agency official must determine the just compensation offer based on:  Waiver valuation.  Approved appraisal. Staff review appraiser may be authorized by Agency to perform this function.
March 2005 B-29 Contacting Owners Initiation of Negotiation (ION):  New trigger for tenant eligibility.  § 24.2(a)(15)(iv).  Appendix A, § 24.2(a)(15). Notices and offers to owner must be “in writing” according to § 24.102(b).
March 2005 B-30 Reference: rule and Appendix A § 24.102(i) Administrative Settlements
March 2005 B-31 Conflict of Interest Reference: rule and Appendix A § 24.102(n) Requirements – appraisers, review appraisers, waiver valuation preparers:  Shall not have any interest in property.  Shall not be subject to influence or coercion regarding valuation.  May be authorized to act as a negotiator where valuation role is for acquisitions <$10,000.
March 2005 B-32 Conflict of Interest Reference: rule and Appendix A § 24.102(n)(2) Person functioning as negotiator cannot supervise or formally evaluate:  Appraisers.  Review appraisers.  Persons performing waiver valuations. Federal funding Agency may waive.
March 2005 B-33 Conflict of Interest “Lets See How it Works” Reference examples of acceptable and non acceptable organizational/supervisory arrangements
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