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Reconciliation of Value 50 <br />Commercial Land Site - SWC of Middle Street and Market Place Drive <br />Reconciliation of Value <br />The values indicated by our analyses are as follows: <br /> <br />The property is land only. Therefore, only one approach to value was considered appropriate for <br />this analysis. Below is the concluded land value prior to the acquisition. <br /> <br /> <br />Financial and real estate markets are in a state of uncertainty associated with the novel <br />coronavirus/COVID-19. The outbreak of COVID-19 is a rapidly evolving situation and the effects <br />on real estate markets are currently unclear. As such, it is difficult to predict the effects both on <br />a near-term and long-term basis. Our opinions and conclusions are based on information <br />available and accounts for market perception as of the effective date of value. Your attention is <br />drawn to Assumptions & Limiting Conditions #5, #6, #7 and #8. <br />Market Value Premise Before Acquisition <br />As of Date: June 5, 2020 <br />Land Value via Sales Comparison Approach: $340,000 <br />Market Value Conclusion $340,000 <br />Market Value Indications <br />Value Conclusion - As Is <br />Appraisal Premise Interest Appraised Date of Value Value Conclusion <br />Market Value - As Is Fee Simple 6/5/2020 $340,000 <br />1. <br />1. None <br />None <br />Extraordinary Assumptions and Hypothetical Conditions <br />An extraordinary assumption is defined in USPAP as an assignment-specific assumption as of the effective date regarding <br />uncertain information used in an analysis which, if found to be false, could alter the appraiser’s opinions or conclusions. <br />The value conclusions are subject to the following extraordinary assumptions that may affect the assignment results. <br />A hypothetical condition is defined in USPAP as a condition, directly related to a specific assignment, which is contrary to <br />what is known by the appraiser to exist on the effective date of the assignment results, but is used for the purpose of <br />analysis. The value conclusions are based on the following hypothetical conditions that may affect the assignment <br />results.