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<br />TABLE OF CONTENTS <br />. SUMMARY FACTS AND CONCLUSIONS..............................................................I <br /> <br />SUBJE CT PH OTOG RAPHS .................... ..... ......... ..... ................ ........ ..... ...... .... .....2 <br /> <br />PROPERTY IDENTIFICATION .................. ...... ... ... ............... ..................... ......1 0 <br /> <br />LEGAL DESCRIPTION ..... .................................................................................. 10 <br /> <br />PURPOSE/INTENT OF THE APPRAISAL............................................................ I 0 <br /> <br />PROPERTY RIGHTS APPRAISED ......................................................................10 <br /> <br />SCOPE OF WORK ..............................................................................................11 <br /> <br />TAXES AND ASSESSMENT DATA ......................................................................12 <br /> <br />ZO NIN G....... ..... ........ .......... ............ ...... ........... ................ .................... .............. 12 <br /> <br />ZONING MAP. ,.......__...,....................,.......__.,__..,,__..,....__................,.......,.......__.__ J 3 <br /> <br />HISTORY OF OWNERSHIP ................................................................................14 <br /> <br />CO MPE TEN CY PRO VIS ION .... ............ ...... .... .......... ............. ....... .................. ..... 14 <br /> <br />. <br /> <br />MARKET VALUE DEFINITION ..........................................................................14 <br /> <br />CONTINGENT AND LIMITING CONDITIONS ....................................................15 <br /> <br />COMMUNITY/AREA DESCRIPTION ..... .................................. ...........................16 <br /> <br />AREA MAP................,...,...................,...,....,.....,........,.."......................... __..,..",20 <br />TRAFFIC VOLUME MAP ......................____........................"........................____.......21 <br /> <br />PRO PER TY D ESCRIPTI 0 N ............ ..... ..... ....... ........ .................... ........ ....... ........22 <br /> <br />PLAT MAP .,........ ....., .................,....'.......... ,....,. ...,........__...__.., ,....,.... ......... ....,...25 <br /> <br />HIGHEST AND BEST USE ANALYSIS ................................................................27 <br /> <br />EXPOSURE TIME AND MARKETING PERIOD................................................... 28 <br /> <br />MARKETABILITY AND ESTIMATED MARKETING TIME .................................28 <br /> <br />THE APPRAISAL PROCESS ...............................................................................29 <br /> <br />DIRECT SALES COMPARISON APPROACH... ...... ... ............... ....... ............... ....30 <br /> <br />COMPARABLE LAND SALES ............................................................................. 3 I <br /> <br />COMPARABLE LAND SALES LOCATION MAP.................,....,....,......................,__...____36 <br /> <br />COMPARABLE LAND SALES SUMMARY CHART ..............................................37 <br />e LAND SALES ANALySIS....................................................................................38 <br />