Virtue Rd Right of Way Acquisition Services

2026-11-03

The Town of Farragut is seeking to retain the services of professional property acquisition firms regarding a roadway improvements project at Virtue Road / Boyd Station Road in Farragut . This project includes grading , paving , signing and intersection improvements , and will require acquisition of Right of Way , permanent drainage easements , slope easements and construction easements on approximately 23 tracts and no relocations . To accomplish these tasks , the Town will select one firm to be responsible for the Right of Way Acquisitions . These functions will include : • Procure various ROW service contracts . All firms must be on the TDOT approved list of acquisition / relocation consultants . No one involved may have any interest in the land being acquired . This will include the following : o Appraiser - The Appraiser shall be licensed and / or certified to conduct real estate appraisals in Tennessee and consistent with the Uniform Standards of Professional Appraisal Practices ( USPAP ). o Negotiator ( Buyer ) – Shall not be the appraiser , review appraiser , or closing agent . Will not close any transactions . o Closing agent – Shall not be the review appraiser , appraiser , or negotiator ( buyer ). May be a local abstract or title company . o Relocation agent – Must be on the TDOT approved list pf acquisition / relocation consultants . • Notify property owners in writing as soon as possible that their properties will be acquired or affected . • Will work in conjunction with the Town of Farragut ’ s Appraiser Reviewer , already procured .

Tennessee

2026-05-05