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Page Two <br /> Appraisal <br /> Mr. Matteo <br /> Other similar vacant land in the perimeter surrounding <br /> the Central Business District has sold for ten cents to <br /> twenty cents per square foot. Given the above described <br /> liabilities to this property, namely, the utility lines and <br /> the narrowness of the strip of property, its value would <br /> fall in the lower end of the range. <br /> Therefore, in my opinion, the value of the subject <br /> property being 40 feet by 390. 15 feet for 15, 606 square feet <br /> times twelve cents per square foot is $1, 872. 72, rounded to: <br /> ONE THOUSAND NINE HUNDRED ($1 , 900.00) DOLLARS <br /> ASSUMPTION AND LIMITING CONDITIONS <br /> The property rights being appraised are those of fee simple <br /> ownership. The appraiser assumes no responsibility for <br /> matters legal in nature, and does not render opinion of <br /> title, which is assumed to be marketable. <br /> Information furnished by others is believed reliable and has <br /> been verified where possible, however, this data is not <br /> warranted. <br /> The undersigned appraiser certifies that he has no interest, <br /> present or prospective, in the subject matter of this <br /> appraisal; that the amounts as shown above are, in his <br /> opinion, a fair market value of the property described <br /> herein, subject only to such exceptions as may be set out in <br /> writing above, and that no survey of the subject property <br /> has been made by him, and that he assumes that the buildings <br /> are properly located within the property lines and that the <br /> zoning regulations to which the real estate may be subject <br /> have not been violated. <br /> Respectfully submitted, <br /> Bernard F. Diedrich, CRA, CCIM <br /> BFD/tlk <br />