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<br />DAHLEN & DWYER, INC. <br /> <br /> <br />PURPOSE OF THE APPRAISAL <br /> <br />The purpose of the appraisal is to give an opinion of the market value of the <br />fee simple interest in the property as of June 14, 2000. This is a "cash value" and <br />assumes a 6-12 month marketing period. Mar~et value also assumes that all <br />outstanding and pending special assessments, if any, along with taxes are paid in <br />full. This is a Complete Appraisal Reportl in Summary Appraisal Format. The <br />property was inspected on June 14, 2000, which is also the effective date of the <br />appraisal. <br /> <br />INTENDED USE OF THE APPRAISAL <br /> <br />It is my understanding that the lIintended use" of this appraisal is to act as a <br />guide for the City of Roseville in the p'ossible sale of the property. This report is being <br />prepared for the benefit of the City of Roseville. <br /> <br />INTENDED USER(s) OF THE APPRAISAL REPORT <br /> <br />This report is intended for use only by the City of Roseville. <br />by others is not intended by the aprpaiser. <br /> <br />Use of this report <br /> <br />PROPERTY RIGHTS APPRAISED <br /> <br />Title in fee simple, subject to usual easements for streets and utilities¡ if any. <br />Fee simple interest is defined as: "an absolute fee", free of limitations to any <br />particular class of heirs or restrictions, but subject to the limitations of eminent <br />domain, escheat, police power and. taxation. <br /> <br />5 <br />