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. Page 1 '. � <br /> PURPOSE OF THE �PPRAISAL <br /> The purpose of the appraisal is to estimate market value. �farket <br /> value is defined as "The most probable price in terms of money <br /> which a property should bring in competitive and open market un- <br /> der all conditions requisite to a fair sale, the buyer and seller, <br /> each acting prudently, knowledgeably and assuming the price is <br /> not affected by undue stimulus. <br /> Implicit in this definition is the consummation of a sale as of a <br /> specified date and the passing of title from seller to buyer under <br /> conditions whereby: <br /> 1. Buyer and seller are typically motivated. <br /> 2. Both parties are well inrormed or well advised, and each acting <br /> in what they consider their own best interest. <br /> 3. A reasonable time is allowed for exposure in the open market. <br /> 4. Payment is made in cash or its equivalent. <br /> 5. Financing, if any, is on terms generally available in the com- <br /> munity at the specified date and typical for the property type <br /> in its locale. <br /> 6. The price represents a normal consideration for the property <br /> sold unaLfected by special financing amounts and/or terms, <br /> services, fees, costs, or credits incurred in the transaction. <br /> FUNCTION OF THE APPRAISAL <br /> The function of the appraisal is to provide valuation guidance for <br /> the city in connection with the possible sale or leasing of the <br /> property in question. <br /> LEGAL DE,�'iCRiPTION <br /> Beginning at the Northeasr.erly corner of Lot - A of South <br /> Shores 4th Addition to the City of Decatur, proceed 210.00 <br /> feet northwesterly along the northerly line of the parkway <br /> as shown in a Resurvey ot Lot - A of South Shore� 4th Addi- <br /> tion as recorded in the Macon County Recorder's Oftice to the <br /> easterly right-of-way line of U. S. Route 51; thence 115.00 <br /> reet southwesterly along said right-of-way line of U. S. <br /> Route 51; thence 210.00 feet southeasterly parallel with the <br /> northerly line of said resurvy of Lot - A to a point on the <br /> easterly i.ine of said Resurvey of Lot - A, said point being <br /> 115 reet southwesterly of the northeasterly corner of said <br /> Resurvey of Lot - A as measured along said easterly line; <br /> thence 115.00 feet northeasterly along said easterly line to <br /> the point of beginning. <br />