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Agenda - Council - 04/09/2019
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Agenda - Council - 04/09/2019
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Meetings
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Agenda
Meeting Type
Council
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04/09/2019
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Assumptions & Limiting Conditions — continued <br />10. The appraisers have no present or contemplated future interest in the property appraised; and <br />neither the employment to make the appraisal, nor the compensation for it, is contingent upon the <br />appraised value of the property. The appraisers have no personal interest or bias with respect to the <br />parties involved. <br />11. The appraiser has personally inspected the subject site (unless noted otherwise). The comparable <br />sales data has been viewed via aerial maps, photographs and/or online street views along with file <br />pictures, when available. To the best of the appraiser's knowledge and belief, all statements and <br />information in this report are true and correct, and the appraisers have not knowingly withheld any <br />significant information. <br />12. The reported analyses, opinions, and conclusions are limited only by the reported assumptions and <br />limiting conditions, and is our personal, unbiased professional analyses, opinions, and conclusions. Our <br />analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity <br />with the Uniform Standards of Professional Appraisal Practice. The appraisal is for the sole use of the <br />named client. <br />13. The Americans with Disabilities Act ("ADA") became effective January 26, 1992. We have not made <br />a specific compliance survey and analysis of the property to determine whether or not it is in conformity <br />with the various detailed requirements of the ADA. It is possible that a compliance survey of the property, <br />together with a detailed analysis of the requirements of the ADA, could reveal that the property is not in <br />compliance with one or more of the requirements of the Act. If so, this fact could have a negative effect <br />upon the value of the property. Since we have no direct evidence relating to this issue, we did not <br />consider possible non-compliance with the requirements of ADA in estimating the value of the property. <br />14. This appraisal assignment was not based on a requested minimum valuation or specific valuation or <br />approval of a loan. <br />15. To the best of our knowledge and belief, the reported analysis, opinions, and conclusions were <br />developed, and this report was prepared in conformity with the requirements of the Code of Professional <br />Ethics and the Standards of Professional Appraisal Practice of the Appraisal Institute. <br />16. The appraised value opinion assumes all leases (if any) are current and paid in full as of the effective <br />date of the appraisal. <br />17. Excel grids and tables may have slight deviations due to rounding, which may have a nominal impact <br />on value. <br />18. The appraised value opinion assumes all formulas used in the Excel grids throughout the report are <br />accurate. <br />19. Unless noted, value assumes no apparent adverse site, building or zoning issues or conditions. <br />20. Site and building sizes are based on public record, data services, client and/or appraiser <br />measurement at the time of appraisal and are considered reliable, but not guaranteed. Actual sizes herein <br />could vary if made by an engineer/surveyor/contractor. <br />21. Because market and property conditions may change rapidly, the named client should exercise <br />caution in relying on the appraised value subsequent to the appraisal date with the passage of time. <br />22. If any of the above if found to be different, value could change. <br />Nagel) Appraisal Incorporated 1952.544.8966 <br />
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