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MICHAEL F. AMUNDSON, MAI, CCIM, MRICS PRINCIPAL Mr. Amundson began his real estate career at the University of Wisconsin -Madison, where he received a Master of Science degree in Real Estate Appraisal and Investment Analysis. He started his valuation career in 1985 with a Minneapolis firm. In 1991, he formed Mardell Amundson with another individual; in 1993 the firm merged practices with Jeffrey Johnson and later became Integra—Minneapolis/St. Paul. Mr. Amundson has experience valuing a variety of property types including office, retail, commercial, multiple family, industrial and special purpose properties. His particular expertise is in the valuation of complex retail and Section 42 multiple family housing projects and tax- exempt bond financed properties. Mr. Amundson received a Bachelor of Science Degree in Industrial Education from the University of Wisconsin -Stout in Menomonie, Wisconsin and a Master of Science Degree from the University of Wisconsin -Madison in Madison, Wisconsin. Mr. Amundson holds the MAI designation and is a member of the Appraisal Institute; further, he was awarded the CCIM designation by the Commercial Investment Institute of the National Association of Realtors. JEFFREY A. JOHNSON, MAI PRINCIPAL Mr. Johnson began his real estate career in 1978. He holds the MAI designation and is a member of the Appraisal Institute. Since 1991 he has been an active member of various national committees of the Appraisal Institute. From 1991 through 2005, He served as a member of the Educational Publications Committee and member of the Publications Review Subcommittee. The Appraisal Institute selected him to serve on a task force committee responsible for the 12th Edition of the Appraisal of Real Estate text. He is Co -recipient of the 2001 George L. Schmutz Memorial Award from the Appraisal Institute in recognition of special contribution to the advancement of appraisal knowledge. He developed the litigation seminar for the Appraisal Institute and taught the pilot class in Dallas/Ft. Worth in August, 1993. Mr. Johnson holds a Master of Science Degree in Mathematics and teaches the statistics course for the Master of Science Degree in Real Estate Appraisal program for the University of St. Thomas. He instructs valuation courses and seminars for the Appraisal Institute, including Basic Income Capitalization and Advanced Income Capitalization Eminent Domain and Condemnation Appraising; Partial Interest Valuation Undivided and Divided; Litigation Skills for Appraisers: An Overview; and Appraisal of Retail Properties) of the Appraisal Institute. A member of Integra since 1993, Mr. Johnson consults on a wide variety of commercial, retail, industrial, residential, and investment properties. A significant portion of his practice is valuation services for litigation. He is a frequent speaker at seminars, workshops and meetings for attorneys, appraisers, and right-of-way professionals concerning valuations of real estate for litigation matters. He was a speaker at the 1987 international convention of American Society of Appraisers: "Tax Reform Act of 1986 and its Impact on Marketability and Values."