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09-28-15 Agenda, Packet & Committee Meeting Notice
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09-28-15 Agenda, Packet & Committee Meeting Notice
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9/24/2015 2:20:30 PM
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City Council - City Clerk
City Counci - Date
9/28/2015
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Conclusion: <br /> The present set of improvements are judged to be the highest and best use for the site. It is <br /> unlikely these improvements would be demolished to make way for a new set of improvements. <br /> The exposure time is judged to be less than one year based on the marketing times identified <br /> earlier in this report. <br /> The building does add minimal contributory value at this point. It is unlikely the typical buyer <br /> would demolish the improvements in favor of another use. <br /> USPAP defines Exposure Time as follows: <br /> The estimated length of time that the property interest being appraised would have been offered <br /> on the market prior to the hypothetical consummation of a sale at market value on the effective <br /> date of the appraisal. <br /> 18 <br />
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