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d) identify the effective date of the appraiser's opinions and conclusions: The <br /> effective date of the appraisal is July 10, 2015 which is the date of inspection. <br /> e) identify the characteristics of the property that are relevant to the purpose and <br /> intended use of the appraisal including: <br /> i) it's location and physical,legal, and economic attributes: The subject site is <br /> improved with a special purpose building that has the with the following <br /> characteristics: <br /> Building Wall Construction Year Size(SF) <br /> Section Height Class Built <br /> 1 9' C C.1900 3,196 <br /> 2 9' C C.1926 6,188 <br /> 3 9' C C. 1964 11,424 <br /> 4 9' C C. 1940 9 <br /> _-- 30,332 <br /> The property is located in a commercial corridor that is in the decline stage of its <br /> life-cycle. The property is in an urban setting and is served by on-site municipal <br /> water and sewer. <br /> ii) Property interest being valued: Fee Simple <br /> iii) Any personal property,trade fixtures, or intangible items that are not real <br /> property but are in the appraisal. The appraisal does not include the bowling <br /> equipment. <br /> iv) Any known easements,restrictions, encumbrances,lease reservations, <br /> covenants, contracts,declarations,special assessments, ordinances,or <br /> other items of a similar nature None noted. <br /> v) Whether the subject property is a fractional interest,physical segment <br /> or partial holding: The value is a whole interest. <br /> f) Identify any extraordinary assumptions necessary in the assignment: None Noted <br /> g) Identify any hypothetical conditions necessary in the assignment: None Noted <br /> 3 <br />