Real Estate Appraisal of Privately Owned Gravel Pit - Washington County, MN

The U.S. Army Corps of Engineers - St. Paul District is seeking a real estate appraisal and a UASFLA-compliant appraisal report with market value and highest and best use analysis for a 331.33 acre site known as Lower Grey Cloud Island in Washington County, Minnesota. The property is privately owned and has been used for sand and gravel mining for over 50 years. The Government is interested in acquiring the designated portion, a flooded, depleted gravel pit, for use as a placement site for materials dredged from the Upper Mississippi River. The appraisal will require an in-person site inspection. • The contract will be structured with multiple milestones at which the Contractor may invoice the Government. • The Contractor is expected to have determined an acceptable strategy for Highest and Best Use, with at least preliminary supporting evidence, at 60-90 days after contract award. • The draft of the appraisal report will be due 150 days after the inspection of the site. • The Government review and revision process will take no more than 30 days and request no more than three revisions before final acceptance of the report, no later than 180 days after site inspection.