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2005-01-26 CC Packet
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2005-01-26 CC Packet
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<br />18. If the attached appraisal report considers an analysis of existing lease data, this analysis is <br />restricted to the lease terms as provided to the appraiser and not on our review of lease <br />documents. Any review of lease data is also restricted to only economic considerations <br />and not legal provisions or restrictions. <br /> <br />19. The Americans with Disabilities Act (" ADA ") became effective January 26, 1992. I (we) <br />have not made a specific compliance survey and analysis of this property to determine <br />whether or not it is in conformity with the various detailed requirements of the ADA. It <br />is possible that a compliance survey of the property, together with a detailed analysis of <br />the requirements of the ADA, could reveal that the property is not in compliance with one <br />or more of the requirements of the Act. If so, this fact could have a negative effect upon <br />the value of the property. Since! (we) have no direct evidence relating to this issue, I (we) <br />did not consider possible non-compliance with the requirements of ADA in estimating the <br />value of the property. <br /> <br />20. The date of value in this assignment is after September 11, 2001, the date of the terrorist <br />attacks in New York City and Washington, D.C. These attacks, and the events that have <br />ensued, have impacted the U.S. economy in a variety of ways. In analyzing market <br />conditions in this appraisal assignment, the appraiser has applied the best available means <br />to measure the effect of these attacks and ensuing events. <br /> <br />21. We are disclosing that we are familiar with and have experience in this area and property <br />type. <br /> <br />22. Acceptance of andlor use of this appraisal report constitutes acceptance of the foregoing <br />general assumptions and general limiting conditions. After the report is complete and <br />delivered" the scope of this assigmnent is finished. Orion Appraisals, Inc. is available for <br />additional consultation or evaluation work, billed at an hourly rate. <br /> <br />23. <br /> <br />This is a Self-Contained Land appraisal and is intended to comply with the Financial <br />Institution Reform, Recovery and Enforcement Act of 1989 (FIRREA) Title XI <br />Regulations and the Uniform Standards of Professional Appraisal Practice (USP AP) of the <br />Appraisal Foundation reporting requirements under Standards 1 & 2 excluding standards <br />1-4 (b) which calls for the Cost and Income approaches. These approaches are non- <br />contributory to this value estimate since no improvements are on the subject property. <br />" <br /> <br />I <br />I. <br /> <br />7 <br />
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