City of Sebastian MyVendorLink #2026-21

Award for Virtue Road Right of Way Appraisal Reviewer Services in Farragut, TN

This opportunity involves the Town of Farragut's procurement and award of professional appraisal reviewer services for the Virtue Road and Boyd Station Road right of way project in Knox County, Tennessee. - Government Buyer: - Town of Farragut Engineering Department (primary) - Town of Farragut Finance Department (contracting office) - Awarded Vendor: - Butler Appraisal Group LLC (Knoxville, TN) - Other Interested Vendors: - CBRE, Inc. - Gregory A Bonneville, MAI - Services Requested: - Right of Way Appraisal Reviewer Services for Virtue Road/Boyd Station Road project - Review appraisals for approximately 23 tracts - Ensure compliance with Tennessee Department of Transportation (TDOT) Appraisal Guidelines, the Uniform Act, and USPAP - Confirm accuracy and completeness of appraisals, provide written explanations for changes, and sign Certificates of Review and Just Compensation Documents - Reviewer must be licensed/certified in Tennessee, on TDOT's approved list, and independent from appraisal, negotiation, or closing roles - Coordination with TDOT Right of Way offices required - Unique/Notable Requirements: - Reviewer must not be the appraiser, negotiator, or closing agent and must have no interest in the lands being appraised - Payment follows TDOT guidelines - Compliance with all relevant state and federal guidelines is mandatory - Place of Performance: - Virtue Road/Boyd Station Road corridor, Farragut, Knox County, TN - Coordination with Town of Farragut offices - The opportunity was open to all qualified appraisal firms with specific requirements for licensing and TDOT approval.

Description

The Town of Farragut is seeking professional services from qualified appraisal firms to review appraisals related to the Virtue Road and Boyd Station Road project in Knox County, Tennessee. The project involves grading, paving, signage, intersection enhancements, and acquisition of Right of Way and easements across approximately 23 tracts. The selected firm will review appraisals for compliance with TDOT guidelines, the Uniform Act, and USPAP, ensure accuracy, confirm data, provide written explanations for changes, and sign Certificates of Review and Just Compensation Documents. The firm must be licensed in Tennessee, not be the appraiser, negotiator, or closing agent, and have no interest in the lands appraised. Coordination with TDOT Right of Way offices and compliance with relevant guidelines is required. Proposals are due by March 10, 2026.

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