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H <br />1 <br />1 <br />1 <br />1 <br />1 <br />DAB LEN & DW YER, rNC. <br />HIGHEST AND BEST USE <br />lj'igljesl-. anCl hest, usC, as dc:t'ined in Real Estate Appraisal. <br />Terminology,edited by Byrl Boyce, Ph.D., sponsored joint.l.y by <br />Lhe Aiiieri.can Inst;i.tute of Peal Estate Appraisers and Llie Sor.ief:y <br />of.' Lhe Estate Appraisers, copyright 1975, page 107, is: <br />"...that reasonable and probable use that will <br />support the highest present value, as defined, <br />as of the effective date of the appraisal. <br />Alternatively, that use, from among reasonably <br />probable and legal alternative uses, found to <br />be physically possible, appropriately supported, <br />financially feasible, and which results in the <br />highest land value." <br />ESTIMATE <br />OF HIGHEST AND BEST USE <br />IL is my opinion, <br />after analyzing the existing <br />zoning <br />ordinance, adjacent development <br />c.har.acLer.isti.cs, .land <br />use <br />t <br />patterns, traffic: flows, <br />e:nvironrtlent, compe'LiLive spaceandsi:Lr.. <br />characteristics, that Lhe: <br />highest and l.)esL use of Lhc! <br />proper. ty <br />would be for residential. <br />development. in keeping with <br />the R-1 <br />1' <br />' <br />Zoning Codes of i:hc' C:i.t.y of <br />Roseville. <br />l: have considered <br />al.ternatiVe Uses which would <br />be legally. <br />F <br />pGrm:issC i1.)1e, econoinic:ally <br />-.f'easi) 1e, and physics:l.ly possible <br />and. <br />h3Vt t:o conclude t;�).a'i the <br />most uf:l.lizat].or) <br />of Llle si:Le <br />would h,e for residential <br />would <br />dF�velc>pmc�nt, <br />q <br />L <br />t <br />�kz <br />