2005-02-02 P&R Packet - Laserfiche WebLink

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r i 18. If the attached appraisal report considers an analysis of existing lease data, this analysis is restricted to the lease terms as provided to the appraiser and not on our review of lease documents. Any review of lease data is also restricted to only economic considerations and not legal provisions or restrictions. . . 19. The Americans with Disabilities Act ("ADA") became effective January 26, 1992. I (we) have not made a specific compliance survey and analysis of this property to determine whether or not it is in conformity with the various detailed requirements of the ADA. It is possible that a compliance survey of the property, together with a detailed analysis of the requirements of the ADA, could reveal that the property. is not in compliance with one or more of the requirements of the Act. If so, this fact could have a negative effect upon tbe value of the property; Since I (we) have no direct evidence relating to this issue, I (we) did not consider possible non-compliance with the requirements of ADA in estimating the value of the property. 20. The date of value in this assignment is after September 11,2001, the dat~ of the terrorist attacks in New York City and Washington, D.C. These attacks, and the events that have ensued,. have impacted the U.S. economy in a variety of ways. In analyzing market conditions 'in this flPpraisal assignment, the appraiser has applied the best available means to measure the effect of these attacks and ensuing events. 21. We are disclosing that we are familiar with and have experience in this area and property type. 22. Acceptance of and/or use of this appraisal report constitutes acceptance of the foregoing general assumptions and general limiting conditions. After the report is complete and delivere~,.the scope of this assignment is finished, Orion Appraisals, Inc'. is available for additional consultation or evaluation work, billed at an hourly rate. 23. This is a Self-Contained Land appraisal and is intended to comply with the Financial Institution Reform, Recovery and Enforcement Act of 1989 (FIRREA) Title XI Regulations and the Uniform Standards of Professional Appraisal Practice (USP AP) of the Appraisal Foundation reporting requirements under Standards 1 & 2 excluding standards 1-4 (b) which calls for the Cost and Income approaches. These approaches are non- contributory to this value estimate since no improvements are on the subject property. :;:r~~~~~~~.~'.~~.,.-::..!~~~~;~..::::~~r.;;~$~\~~~;~~tCj~":.:r~~;.-rg~;-:i-:;yti~;~L::;';';--;:~:::'{'""~~/;;.";;6:.:~:~:>zri~,~~~~,:?_;:f~~,?~iz:~;~-~:;~~::.~:~::~t{;.~':-,~.:;}.~~~~,:,~~~~~_":~i~;~~~~I't-~:~'':'.~;;''t'!,'~~~;"?;~:':'_::t.~~_;;~~;~-::!~~~~~-;.7.'i.~"?".;;; 7