Vacate - 212 feet of the first North South Alley East of Michigan running between Navarre & Marion St & first East West alley North of Marion

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J B.DAVID HUNTINGTON ▪ AND ASSOCIATES, INC. r September 14, 1988 Mr. Carl Ellison, Asst. Vice President Memorial Health Properties, Inc. 615 North Michigan Street South Bend, Indiana 46601 RE: Fair Market Value, those certain public alleyways lying adjacent to and north of Lot 121, and east of Lots 127, 128, 129, Original Plat, South Bend, Indiana Dear Mr. Ellison: At your request and pursuant to Section 18, Chapter 5, of the Municipal Code of the Civil City of South Bend, as amended by ordinance 7812-87, I have performed an appraisal of the above referenced real property which is comprised of portions of two dedicated public alleyways lying north of and adjacent to Lot 121 and east of and adjacent to Lots 127, 128, and 129 of the Original Plat of South Bend. That portion of the alleyway lying north of Lot 121 shall hereinafter be referred to as the east/west alley and that portion lying east of Lots 127, 128, and 129 shall hereinafter be referred to as the north/south alleyway. The east/west alleyway appears to have been part of the original dedication of the Original Plat of South Bend and constitutes a 14' wide public access extending westerly from St. Joseph Street to its intersection with the north/south alleyway, also 14' in width extending southerly from Navarre Street to its intersection with the public alleyway described above. For purposes of this appraisal, the east/west alleyway provides a platted dimension of 14'x 165' while the north/south alley extending southerly from Navarre Street provides a platted dimension of 14'x 212' , less a 7'x 7' portion of alleys vacated previously by vacation ordinance #33351. The aggregate area of the two alley sections exclusive of that section comprised of the previously vacated alleyways is 5,229 square feet, more or less, by description as appearing on the Plat thereof in the Office of the Assessor, Portage Township, St. Joseph County, Indiana. The purpose of this letter is to set forth the appraiser's estimate of the Fair Market Value of the fee simple interest in the real estate which consists of two sections of publicly owned and accessible alleyways as described hereinbefore and excepting therefrom the rights and easements of all public utilities and of the Municipal City of South Bend, Indiana, to construct and maintain any facilities, including but not necessarily limited to the following: electric, telephone, gas, water, sewer, surface water control structures and ditches, situated in the right-of-way thereof, unless and until such rights are released by the appropriate individual public utilities and the municipality. At present and by dedication easement, it would appear that the fee simple interest in and to the subject real estate vests in the Municipal City of South Bend. Investment Analysis•Feasibility Studies•Market Analysis•Appraisals 1520 North Main Street•Mishawaka,Indiana 46545• (219) 255-2130