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PREUMIIwARr APPRAISAL INFORMATION (continued) <br /> INSPECTION DATE <br /> February 22, 2008 <br /> EFFECTIVE DATES OF VALUE <br /> As Is Value: February 22, 2008 <br /> DATE OF REPORT <br /> February 28, 2008 <br /> PROPERTY CHARACTERISTICS <br /> The subject is identified as 1,144.97 acres of unimproved vacant land. The subject is <br /> generally located in south Eugene slightly outside the Urban Growth Boundary. The City <br /> of Eugene is considering purchasing approximately 200 acres that bisects the property <br /> for use as part of its Ridgeline Trail System, which is a city=wide trail system that connects <br /> several publically owned parks throughout the city. <br /> ASSIGNMENT CONDITIONS <br /> ■ An exterior inspection of the subject. <br /> : ■ Interviewing the subject's owner representative and the <br /> representative, Russ Royer. client <br /> Inspecting of the subject property neighborhood. <br /> 1 • Gathering and confirming land sales from the immediate area and <br /> competing marketplaces. <br /> ■ Inspecting the exterior of all comparables utilized. Georgine Gleason and C. <br /> Spencer Powell, MAI inspected the exterior of all land comparables in <br /> person or via photographs. <br /> 1 • Highest and best use analysis. <br /> ■ The application of the Sales Comparison Approach to arrive at an <br /> indication of value for the subject property. <br /> • A review of the written report. <br /> 1 APPRAISER ASSISTANCE <br /> Georgine Gleason, Appraiser Assistant #AA021 34, aided in the following aspects of this <br /> appraisal assignment as outlined in ACLB Administrative Rules (OAR) 161 - 023-0030: <br /> • Definition of the appraisal problem (A). <br /> ■ Preliminary analysis, selection and collection of applicable data (B). <br /> • Analysis of the subject property (C). <br /> ■ Conducting a Highest and Best Use analysis (D). <br /> • Estimating Land Value lue (E). <br /> 1 P081146 POWELL VALUATION In ® 2008 <br />