2013-68 VACATING PUBLIC RIGHT-OF-WAY - NORTH EDGEWATER DRIVE

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A, MF M r F A 11 APPRAISAL, INC. Ah T June 19, 2013 Ms. Suzan Stickle Senior Planner City of Decatur #I Gary K. Anderson Plaza Decatur, IL 62523 RE: Partial Street Vacation Edgewater Drive Decatur, IL 62522 File#13064 Ms. Stickle: At your request, we present the attached report of our appraisal of the ref.-renced parcel of real estate' The report sets forth our opinion of the fee simple market value of the subject property, along with supporting data and reasoning which form the basis of our opinion. Since the subject consists of a transportation corridor, the mark-,t value of the subject is based on an "across the fence" value premise, which is discu sed in greater detail in this report. The value opinion reported is qualified by certain definitions, limiting conditions, and certifications which are set forth in this report. This report was prepared for, and our professional fee billed to City of Decatur. It is intended only for use by yDu, the City of Decatur, and appropriate regulatory authorities for use in a right-of-way vacation. It may not be distributed to or relied upon by other persons or entities without our written permission. The property appraised consists of approximately 15,558 square feet of land area essentially comprised of the Edgewater Drive right-of-way. The subject site has dimensions of roughly 50' x 290'. A drawing of the site area is included with the attached report. This is a Summary Report as defined by the Appraisal Standards Board. The purpose of this appraisal was to estimate the market value of the subject property or acquisition purposes. This report complies with the Uniforrn Standards of Professi)nal Appraisal Practice (USPAP). The extent of the work and the size of the report are intended to be appropriate in relation to the significance of the appraisal problem.