The City of Bothell had discussed the acquisition of the Northshore School District’s 20-acre surplus site in the center of town for years, but negotiations had broken off over disagreement about the property’s value. The Bothell City Manager had worked for a year to complete an acquisition, but the city considered the valuation of the property, established by an MAI appraiser, as too high.
WHAT WE DID
Key members of the Trinity team brought a unique understanding of value to the project, which allowed the city to strengthen its negotiating position. The city was advised that engaging in an additional review appraisal process to specifically address the original appraiser’s assumptions of development density and traffic mitigation would likely result in a more favorable value. In addition, the Trinity team members recommended and engaged a new appraiser for the city.
With the new appraiser’s estimates, Trinity team members were successful in channeling discussions in a direction that saved the City of Bothell over $6 million.
SERVICES WE PROVIDED:
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CINGULAR - A PHONE PLAN THAT WORKED
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BUILDING A FOUNDATION OF COOPERATION FOR DES MOINES
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KENMORE - AT THE CORE OF IT ALL
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OUT WITH THE OLD AND IN WITH THE NEW FOR FIRST CONGREGATIONAL
Teamwork and creativity provides a solid foundation for a church on the move.