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Ameren obtained an appraisal for the proposed easements from Webster and Associates, Inc. which <br /> recommended a compensation of$27,085. The City is currently under contract with Stinger <br /> Professional Services, Inc. for an independent appraisal as per City policies. The appraisal is <br /> scheduled to be completed by July 17, 2017. Ameren has agreed to pay the higher appraisal <br /> including the cost of the second appraisal up to a maximum of$54,200. If the higher appraisal <br /> exceeds $54,200 the City will renegotiate with Ameren. <br /> POTENTIAL OBJECTIONS: None. <br /> LEGAL REVIEW: The Legal Department was given the easements for review and they were <br /> approved by Corporation Counsel on June 23, 2017. <br /> INPUT FROM OTHER SOURCES: Ameren Illinois Company <br /> BUDGET/TIME IMPLICATIONS: Based on the appraised value of the easements,Ameren <br /> Illinois will compensate the City according to the highest of the two appraisals received up to <br /> $52,400 for granting the requested easement additions. <br /> STAFF REFERENCE: Richard Marley, Public Works Director and Matt Newell, City Engineer. <br /> Richard Marley will attend the City Council meeting to answer any questions of the Council on this <br /> item. <br /> This memorandum was prepared by Paul Caswell, P.E.,Assistant City Engineer and reviewed by <br /> Matt Newell, P.E., City Engineer. <br /> Attach: 5 <br /> �2 � <br />