AIL INFORMATION <br /> 11�A�Rif`P <br /> SCOPE OF WORK <br /> Scope of Work is defined `in 2006 USPAP as "the a and extent ent of research and <br /> analyses in an assignment." The scope of work addresses the application and extent of <br /> the development process. It can include, but is not limited to: the extent to which the <br /> property is identified, the extent to which tangible property is inspected, the type and <br /> extent of data researched and the type and extent of analyses applied to arrive at <br /> opinions or conclusions. The seven items used in defining the scope of work and the <br /> proposed solution are discussed in detail below: <br /> PROPOSED SOLUTION <br /> This summary report is designed to inform the reader of all factors influencing the <br /> property's value in a clear and concise manner. The Preliminary Appraisal Information <br /> sections provide an overview of the property and general information. The Description <br /> section starts with general regional issues and proceeds to more specific issues directly <br /> related to the property. The Highest and Best Use section establishes_ the premise upon <br /> which the property is valued. <br /> The goal of the appraiser is to produce a credible value conclusion. Credible is defined <br /> in 2006 USPAP as "worthy of belief." <br /> In order to conclude .a credible market value estimate, a meeting of the minds <br /> between the client and appraiser determined that the Valuation section focuses on the <br /> "as is" market value of the property. It describes the Sales Comparison Approach, and <br /> includes comparable information, application of market information to the subject, and <br /> valuation analysis. The approaches utilized are reconciled into final value conclusions <br /> as applicable. Supporting information is attached in the Addenda. <br /> CUENT <br /> The client for this appraisal is the City of Eugene. <br /> • <br /> OTHER INTENDED USERS <br /> Other intended users may include the owners of the subject and other individuals <br /> determined appropriate by the client for the land acquisition process. <br /> INTENDED USE <br /> The purpose of this appraisal is to estimate market value, in fee simple, under the <br /> applicable scenario, as described in this report. <br /> Without prior written approval from the authors, the use of this report is limited to <br /> decision - making by the client. All other uses are expressly prohibited. Reliance on this <br /> report by anyone other than the client for a purpose not set forth above is prohibited. <br /> The authors' responsibility is limited to the client. <br /> TYPE OF VALUE <br /> The "As Is" Value represents the value of the subject property, in its current status as of <br /> the date of inspection. . <br />