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Client & Intended User <br />Intended Use <br />Use Restriction <br />Property Owner <br />Property Identification <br />Interest Appraised <br />Date of Valuatiori <br />Purpose of Appraisal <br />Extraordinary <br />Assumptions <br />Scope of Work <br />Present Use <br />Highest & Best Use <br />Conclusion of Value <br />RESTRICTED USE APPRAISAL REPORT <br />Oak Brook Homeowner's Association, <br />Lino Lakes City Council <br />To negotiate the damages created by granling a cartway <br />easement over the subject to an adjoining andowner. <br />This appraisa report can only be fully understood with <br />additiona information in the appraiser's work file. <br />Oak Brook Homeowner's Association <br />Out lot A, Oak Brook Peninsu|n, including the bridge. <br />A cartway easement over the subject property. <br />June 13, 2012 <br />To estimate the damages created by a cartway easement <br />over the subject property. <br />1. That the roadway is approximately 2,000 feet long, <br />28 feet wide, plus a 60-foot cul-de-sac (65.847 SF). <br />2. That the bridge is approximately 100 feet long and 28 <br />feet wide. <br />If these assumptions are not true, the value of the subject <br />property would be different than as estimated in this report. <br />Subject proparty — Vievvedtheoubjectpropertyinthe <br />company of Julie Jeffrey Schwartz, a member of Oak Brook <br />Homeowner's Association on June 13, 2012. <br />Method of Valuation — The sale comparison approach is <br />used to estimate the right-of-way land vaft.'e. The cos <br />approach is used to estimate the vatue of the road and <br />bridge. <br />tmproved private roadway and bridge, <br />Highest and bes use is to provide access and recreation for <br />the 5 single-family homes in Oak Brook Peninsula. A private <br />road can also be used as a hard-surface recreational area <br />for events such as a neighborhood party, skate- boarding, <br />safe bicycling for children, basketball gameo, and road <br />racing (city police say there is no speed limit). <br />$585l0U value ofROW, bridge and Otter Lake Drive <br />plus severance damages to adjoining properties <br />WALKER APPRAISALS 2 <br />