Common use of Property Record Cards Clause in Contracts

Property Record Cards. 3.2.1 Contractor shall prepare an individual property record card, for each separate parcel of property in Municipality arranged to show: (1) The owner’s name, street number, map and lot number or other designation of the property; (2) The owner’s mailing address; (3) Information necessary to derive and understand: (a) The land value; (b) The number of acres of the parcel; (c) The land classification; (d) The adjustments made to land values; (e) The value of the improvements on the land; (f) The accurate description of all improvements whether affecting market value or not; (g) The improvement pricing details; and, (h) The allowances made for physical, functional and economic depreciation factors; (4) The outline sketch of all principal improvements with dimensions with the street side or waterfront toward the bottom of the diagram; (5) The base valuation year; (6) The print date of property record card; (7) Photograph of the principal building; (8) History of the property transfer to include: (a) Date of sale; (b) Consideration amount; (c) Qualification code; and, (d) Property type noted as either vacant or improved; (9) A notation area to record any comments pertaining to the property; and, (10) A notation area to record the history of the property, which may include, but not be limited to: (a) Property inspection date; (b) Individual’s identification number or initials associated with the inspection; (c) The extent of the inspection; (d) Reason for the inspection; and, (e) Any value adjustment(s),

Property Record Cards. 3.2.1 Contractor shall prepare an individual property record card, for each separate parcel of property in Municipality arranged to show: (1) The owner’s name, street number, map and lot number or other designation of the property; (2) The owner’s mailing address; (3) Information necessary to derive and understand: (a) The land value; (b) The number of acres of the parcel; (c) The land classification; (d) The adjustments made to land values; (e) The value of the improvements on the land; (f) The accurate description of all improvements whether affecting market value or not; (g) The improvement pricing details; and, (h) The allowances made for physical, functional and economic depreciation factors; (4) The outline sketch of all principal improvements with dimensions with the street side or waterfront toward the bottom of the diagram; (5) The base valuation year; (6) The print date of property record card; (7) Photograph of the principal building; (8) History of the property transfer to include: (a) Date of sale; (b) Consideration amount; (c) Qualification code; and, (d) Property type noted as either vacant or improved; (9) A notation area to record any comments pertaining to the property; and, (10) A notation area to record the history of the property, which may include, but not be limited to: (a) Property inspection date; (b) Individual’s identification number or initials associated with the inspection; (c) The extent of the inspection; (d) Reason for the inspection; and, (e) Any value adjustment(s),