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t; <br /> February 28, 2008 <br /> INC <br /> Russ Royer, Real Property Manager <br /> City of Eugene <br /> 858 Pearl Street <br /> Eugene, OR 97401 <br /> RE: Arlie Property (Ridgeline Parks and Open Space) I' <br /> West of Interstate 5 and south of E. 30th Avenue <br /> Eugene, Oregon 97405 <br /> Dear Mr. Royer: <br /> As requested, the captioned property has been .valued using generally <br /> accepted appraisal principles and practices. The report is intended to <br /> comply with the development and report requirements of the Uniform <br /> Standards of Professional Appraisal Practice (USPAP), the Appraisal <br /> Institute, the. Financial Institutions Reform, Recovery and Enforcement Act I. <br /> (FIRREA), Uniform Appraisal Standards for Federal Land Acquisitions ( "yellow <br /> I:. <br /> book standards ") and the appraisal requirements of the City of Eugene. <br /> A copy of your professional service agreement is included in the <br /> Addenda. <br /> Based upon our investigation and analysis of available information, the i <br /> concluded value under the requested scenario, as of February 22, 2008 <br /> was: .1 <br /> i <br /> • <br /> "As Is" Value � ee Simple .DATE <br /> pl Felxua 22 2008 1 5000 Per $ � ; <br /> Estimated Marketing /Exposure Time One year or Tess I I <br /> ii <br /> EXTRAORDINARY ASSUMPTIONS <br /> The. subject includes 14 tax lots. - According to county records, total • <br /> acreage equates to 1,144.97 acres. It is assumed that county records <br /> are correct and the entire subject acreage totals 1,144.97 acres. <br /> 3220 State Street, Suite 100, Salem, Oregon 97301 <br /> Vnirc• . S11 171 9d114 / Few. cn4 171 9h1 z Ei <br />