AG 2013 08 19 - Laserfiche WebLink

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Valuation 41 Reconciliation and Conclusion of Value The values indicated by our analyses are as follows: Summary of Value Indications Cost Approach Sales Comparison Approach Income Capitalization Approach $940,000 Not Used Not Used Reconciled $940,000 The cost approach is the only approach used because it is the most reliable valuation method for the subject. The income capitalization and sales comparison approaches are not applicable and not used. Our value opinion follows. Value Conclusion Appraisal Premise Interest Appraised Date of Value Value Conclusion Market Value As Is Fee Simple March 22, 2013 $940,000 Extraordinary Assumptions and Hypothetical Conditions The val ue conclusion is subject to the following extraordinary assumptions that may affect the assignment results. An extraordinary assumption is uncertain information accepted as fact. If the assumption is found to be false as of the effective date of the appraisal, we reserve the right to modify our value concl usi on. 1. Though requested, we were not provided building plans for the subject improvements. We have rel ied on appraiser measurements to determine the size of the improvements. 2. We have relied on a preliminary survey prepard by David Medlin, dated April 29, 2013. We assume the final version of the survey wil I match the one we were provided. The vat ue conclusion is based on the following hypothetical conditions that may affect the assignment results. A hypothetical condition is a condition contrary to known fact on the effective date of the appraisal but is supposed for the purpose of analysis. 1. There are none. Exposure and Marketing Times Our estimates of exposure and marketing times are as follows: Exposure Time and Marketing Period Exposure Time (Months) 12 Marketing Period (Months) 12 The Glenn Center H -5 irr Attachment number 1 Page 374