09-28-15 Agenda, Packet & Committee Meeting Notice

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16. Any projections, forecasts, etc. regarding future patterns of income and/or expenses, prices/values, etc.represent that analyst's best estimate of investor anticipations with respect to these items,based on information available at the date of appraisal or analysis. Such information includes forecasts/projections published by recognized sources such as economists, financial publications, investor surveys, etc. Economic trends can affect future behavior of income, expenses,values, etc. Change in these items caused by future occurrences could result in values different from those established in this report. We cannot accept responsibility for economic variables in the future which could not have been known or anticipated at the data of analysis (inflation rates, economic upswings or downturns, fiscal policy changes, etc.). 17. The Americans with Disabilities Act(ADA)became law effective January 26, 1992. I have not made a specific compliance survey and analysis of this property to determine whether or not it is in conformity with the various detailed requirements of the ADA. It is possible that a compliance survey of the property,together with a detailed analysis of the requirements of the ADA, could reveal the property is not in compliance with one or more of the requirements of the act. If so,this fact could have a negative effect upon the value of the property. Since I have no direct evidence relating to this issue, I did not consider possible non-compliance with the requirements of ADA in estimating the value of the property. 18. Acceptance of, and/or use of, this appraisal report by Client or any third party constitute acceptance of the above conditions. APPRAISER LIABILITY EXTENDS ONLY TO STATED CLEINT,NOT SUBSEQUENT PARTIES OR USERS,AND IS LIMITED TO THE FEE RECEIVED. 19. The estimated values contained within this appraisal report are subject to completion of plans and specifications. • 41