88-38 AUTHORIZING SALE OF LAND - 2700 BLOCK NORTH 22ND STREET

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. LIMITING CONDITIONS AND ASSUMPTIONS This Appraisal Report and the Certification therein set forth is subject to the follawing limiting conditions and assumptions to such other specific and limiting conditions as are set forth by the Appraiser in the report and all persons and firms reviewing, utilizing or relying on this report in any manner bind themselves to accept such assumptions and limiting conditions. 1. LIMIT OF LIABILITY: The liability of Appraiser is limited to the client only and to the fee actually received by Appraiser. Further, there is no accountability,obligation or liability to any third party. 2. USE OR REPORT: Possession of this report or any copy thereof does not carry with it the right of publication., nor may it be used for other than its intended use. The physical report(s) remain the property of the Appraiser for the use of the client and the client may distribute copies of this appraisal report in its entirety to such third party as he or she may select, however, selected por- tions of this appraisal report shall not be given to third parties without the prior written consent of the Appraiser. Neither all, nor any part of the content of the report, or copy thereof (including conclusions as to the property value, the identity of the Appraiser, pro- fessional designations, reference to any professional appraisal organizations, or the firm with which the Appraiser is connected), shall be disseminated by anyone to the public through advertising, public relations, news,sales,or other media, without the written consent and approval of the Appraiser. 3. INFORMATION USED: Information, estimates and opinions furnished to the Appraiser, and contained in the report were ob- tained from sources considered reliable and believed to be true and correct.However, no responsibility is assumed for accuracy of in- formation furnished by others, the client, his designee, or the public record. The comparable sales data relied on in this appraisal is believed to be from reasonable sources, however, it was not possible to inspect the comparables completely, and it was necessary to rely on information furnished by others as to said data,and therefore the value conclusions are subject to the correctness and verifica- tion of said data. 4. TESTIMONY, POST-APPRAISAL CONSULTATION: Neither the Appraiser nor those assisting in preparation of the report, will be asked or required to give testimony in Court or hearing because of having made the appraisal, in full or in part, nor be engaged in post-appraisal consultation with client or third parties except under separate and special arrangement and at additional fee. If testi- mony or deposition is required because of any subpoena, the client shall be responsible for any additional time, fees and charges re- gardless of issuing party. 5. EXHIBITS: The sketch and maps in this report are included to assist the reader in visualizing the property and are not necessa- rily to scale. Various photos, if any, are included for the same purpose as the date of the photos. Site plans are not surveys unless shown from separate surveyor. 6. LEGAL, ENGINEERING, STRUCTURAL, MECHANICAL COMPONENTS, SOI�: (a) The Appraiser has no responsibility for matters legal, architectural, structural, mechanical or engineering in character or nature. (b) The legal description furnished or used is assumed to be correct and the property is appraised as if free and clear of liens and encubrances and under responsible ownership and competent management unless otherwise stated in the report. (c) The Appraiser has inspected as far as possible, by observation, the land and the improvements; however, it was not possible to personally observe conditions beneath the soil or hidden structural or other type components.The Appraiser has not critically inspected mechanical components within the improvements and no represent- ations are made herein as to such components unless specifically stated and set forth in the report.The value estimate considers there being no such conditions that would cause a loss of value and thus it has been assumed that there are no hidden, unapparent or appar- ent conditions of the property site, subsoil, or structures or toxic materials which would render the property more or less valuable. The Appraiser has no responsibility for any such conditions or for any expertise or engineering to discover them.All mechanical com- ponents are assumed to be in operable condition and status standard for properties of the subject type unless otherwise specifically stated. No judgment may be made by the Appraiser as to the adequacy of insulation,type of insulation,or energy efficiency of the im- provements or the equipment which is assumed siandard for subject,age and type. 7. LEGALITY OF USE: Unless otherwise stated in the report, the appraisal is 6ased on the premise that all applicable Federal, State and local laws, regulations and ordinances pertaining to environmental, zoning, and building and use requirements have been fully complied with. 8. COMPONENT VALUES: The distribution of the total valuation in this report between land and improvements applies only under the existing program of utilization. The separate valuations for land and building must not be used in conjunction with any other appraisal and are invalid if so used. 9. PROPOSED IMPROVEMENTS, CONDITIONED VALUE: Improvements proposed, if any, on or off-site, as well as any re- pairs required are considered, for purposes of this appraisal, to be completed in good and workman-like manner according to informa- tion submitted and/or considered by the Appraiser. In cases of proposed construction, the appraisal is subject to change upon inspect- tion of property after construction is compieted. This estimate of market value is as of the date shown,as proposed, as if completed and operating at levels shown and projected. 10. INSULATION AND TOXIC MATERIALS: Unless otherwise stated in this report, the Appraiser has no knowledge concerning the presence or absence of toxic materials and/or urea-formaldehyde foam insulation in existing improvements and thus the value esti- mate considers that no such materials or foam is present.