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. 3 <br /> � DEFINITION OF VAI,UE <br /> The expression o� market value as used in this report is the <br /> most probable price which the property will bring if exposed <br /> for sale in the open market by a willing seller, allowing <br /> _ f or a reasonable time to find a wil ling buyer, neither buyer <br /> nor seller being under compulsion, both having full <br /> •knowledge of the uses and purposes for which the property is <br /> . adapted and for which it is capable of being used, both <br /> � exercising intelligent judgement as of the date of this • <br /> report. <br /> 4 <br /> HIGHEST AND BEST USE <br /> The most profitable likely use to which a property can be <br /> put, the option of such use may be ba$ed. on the highest and <br /> most profitable continuous use to which property is adapted <br /> • and needed or likely to be in demand in the reasonable near <br /> future. However, elements affecting value which depend upon <br /> events of a combination o� occurances which while within the <br /> . � realm o� possibility are now fairly shown to be reasonably <br /> probable, should be excluded from consideration. Also, if <br /> the intended use is dependent upon the uncertain act of <br /> another person, the intention cannot be considered. <br /> The highest and best use of the site if vacant and available <br /> - for use may be different from the highest and best use of <br /> the improved property. This will be true when the <br /> improvements are not the appropriate use and yet make a <br /> contribution to the total property value in escess of the <br /> value of the vacant site. <br /> It is considered that the tract included in this report is <br /> too small for any purpose other than to be adjoined onto <br /> another peice of property, otherwise this small triangular <br /> shape has little or no value. <br />