Common use of Acquisition Process Clause in Contracts

Acquisition Process. Acquisition services include all contacts with the property owner for the purpose of negotiating for the purchase of the real property interest. Services to be provided include: • Prepare the offer letter and other related documents based upon the review appraiser's accepted fair market value. • Prepare purchase agreement and conveyance documents. • Meet with property owners to discuss the project in general, review right of way maps and legal descriptions, confirm information about occupants/owners, and make the official first written offer. • Explain the offer, maintain follow up contacts, and secure the necessary documentation upon acceptance of the offer for closing. • Respond to property owner inquiries verbally and in writing. • Maintain contact reports for each parcel with all pertinent information and contacts concerning parcel. • Maintain parcel files of original documentation related to the purchase of the real property. • Provide recommendation and supporting documentation for consideration during the administrative review process. • Continue personal negotiations with property owner until agreement is reached with the owner, or impasse is reached. • Signed purchase agreements shall be transmitted to the County promptly for acceptance and processing.