CC PACKET 11282000 - Laserfiche WebLink

Home Browse Search

17 Limited/Restricted Appraisal Report Page Four . HIGHEST AND BEST USE: The highest and best use of the subject site, if vacant,is for assemblage with the adjacent commercially zoned property for redevelopment. The highest and best use of the subject property, as improved,is for either it's continued use as a retail store. ESTIMATED EXPOSURE TIME: 6 months. The appraiser signing this report has no personal interest or bias with respect to the subject real estate or to any parties that may be involved with the appraised property. Acceptance of this appraisal assignment was not based on a requested valuation, a specific valuation or the approval of a loan. This appraisal is in conformance with the Code of Ethics of the Appraisal Institute, as well as accepted professional, ethical and performance standards prevalent in the real estate appraisal industry and is contingent to certain assumptions and limiting conditions that are attached. This appraisal report is also in compliance with the Uniform Standards.of Professional Appraisal Practice (USPAP) and with the applicable provisions of the Financial Institutions Reform., Recovery and Enforcement Act(FIRREA). We wish to be clear that the scope of the appraisal did not include commissioning any environmental studies to determine the presence of hazardous wastes or materials either in the structure or within the land area. We assume that the subject real estate is free of any dangerous environmental contaminants. The undersigned appraiser certifies that he has personally inspected the property and has investigated information believed to be pertinent to the valuation of the property, and to the best his knowledge and belief,the statements and opinions expressed herein are correct and reasonable, subject to the limiting conditions set forth herein. RUPPERT &RUPPERT ASSOCIATES,INC.. By: SckRup ,OPre Appraiser License 4000851 SJR/dja App273 •