Council Approves Asset Appraisal by Industrial Appraisals
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Description
Somerset Borough Council approved hiring Industrial Appraisals to conduct a comprehensive valuation of Borough assets for approximately $28,970. The work will update insurance coverage values and support financial statement reporting and future financing needs.
Contract Details
Contract Amount
Approximate cost of $28,970.00 (General Fund $6,980.00; Water & Sewer Funds $21,990.00)
Vendor
INDUSTRIAL APPRAISALS
Agency
Borough of Somerset, PA
Contract Type
PROFESSIONAL_SERVICES
Document Date
March 23, 2026
Renewal Info
One-time appraisal engagement; no renewal or extension terms mentioned in the minutes.
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