Wednesday, April 5, 2023 from 11:30 AM to 1:30 PM PDT
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Riverside Convention Center 
3637 5th Street
Riverside, CA 92501

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Communications Chair 
International Right of Way Association Chapter 57 

8th Annual Joint Lunch
Chapter 57 & SCCAI
April 5 

Join IRWA Chapter 57 and the Southern California Chapter of the Appraisal Institute for our 8th Annual Joint Luncheon!

Date:  Wednesday, April 5

Time:  11:30 a.m. to 1:30 p.m.

2 Hours of CE for BREA & IRWA!

Cost:  Public Agency Employees $35.00; Non-Public Agency Employees/Others $45.00

Where:  Riverside Convention Center (3637 5th Street, Riverside)

Raffle Tickets available for purchase at the lunch

Speaker:  Ryan T. Hargrove, MAI, SRA, AI-GRS, R/W-AC, Chief Appraiser - Infrastructure & Right of Way, County of Orange 

Topic:  Public Agency Valuation Considerations for Properties that Have No "Market"

Summary:  Appraisers that provide valuation services to public agencies encounter assignments involving a myriad of challenging property types and conditions.  Examples include special-use properties, various types of easements and partial acquisitions, properties with multiple zones of value, unique surplus property dispositions, budgetary analysis requests with limited information available, retrospective valuations, and others.

This presentation will examine situations where no “markets” exist for properties that public agencies need appraised.  To this end, it will explain in detail an economic condition known as “bilateral-monopoly” (one buyer, one seller).  It will shed light on why values, in these instances, are indeterminable and what an appraiser can and should do about this dilemma.  It will provide several bilateral-monopoly case studies and some recommended “do’s” and “don’ts” to appraisers practicing in this area.