Every two years, the Risk Management Department hires a professional appraiser to appraise the County's real and personal property. The most recent appraisal was performed in November, 2011 by American Appraisal. The values established by American Appraisal represent the cost of reproduction new of the subject assets for insurance placement and risk management purposes.
Cost of reproduction new is the estimated amount required to reproduce a duplicate or a replica of the entire property at one time, in like kind and materials in accordance with current market prices for materials, labor, and manufactured equipment, contractors' overhead and profit, and fees, but without provision for overtime, bonuses for labor, or premiums for material or equipment. Cost of reproduction new is synonymous with the insurance industry term replacement cost new.
In estimating the cost of reproduction new, American Appraisal considered the replacement cost of the property to conform with the three national building codes: Building Officials and Code Administrators (BOCA), Uniform Building Code (UBC), and Standard Building Code (SBC). The appraisal does not consider the replacement of the property to conform to any additional codes imposed by state or local municipalities, ordinances, or other legal restrictions, nor does it consider the cost of demolition in connection with reconstruction or the cost of removal of destroyed property.
The provision of this report for internet and intranet viewing is solely for informational purposes. Any use of this report beyond its intended purpose must be with the consent of Yuma County and American Appraisal.
If you would like to view the appraisal, please select from the table below.
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