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rwlvc.~v & BROwIV, ~i~. <br />RE.A.I, ESTATE AN.A LYSTS <br />E <br />~,a <br />JoxN x. sxovrly, 1VIAI <br />AssocrArPs <br />} ` RICHARD j. DvNCAN, ~, SRA 'T'HOMAS S. MORGAN <br />ALAN CLARK <br />T DAVID L. CI:LLERS - <br />' COREY DINGMAN <br />~ JASEN D. HANSEN <br />. October 22, 2004 A~ ERAT>EN <br />~ T:EAH CARTER <br />Russ Royer <br />~ City of Eugene Public Works - <br />8S$ Pearl Street <br />Eugene, Oregon 97401 ~, _ 1 <br />~(,tJ <br />RE: 39.9 Acres of Low-Density Residential Land <br />aka The Katul Pro <br />~ - ~ Adjacent to Dillard Road and Nectar Way <br />E - Eugene, Oregon <br />6 <br />Dear Mr. Royer: <br />z <br />Pursuant to your authorization, I have personally inspected the subject property, which is located <br />on the. west side of Dillard Roa3, south of Garnet Street, adjacent to Nectar Way in Eugene, Lane <br />~ County, Oregon. The subject property. consists of an irregular-shaped 39.9-acre parcel zoned <br />i R-1/PD, Low Density Residential with Planned Unit Development overlay. The Lane County <br />Department of Assessment and Taxation identifies the subject property as Tax Lot 101 on Map <br />18-03-20-00. <br />The purpose of this inspection and subsequent analysis was to estimate the fee simple market <br />value of the subject property as .of the latest date of property inspection of October 1, 2004. After <br />an inspection of the property and based on subsequent research and analysis of pertinent market <br />data, the market value estimate for the subject property is as follows: <br />FOUR HItNDRED T.I~tTYTHOUSAND SEVENHUNDRED ~'WEIVTYF7VEDOZ~LA-&S <br />The as-is value estimate assumes the estimated usable area included in the parcel is correct. Any <br />deviation from this estimate may result in a change in the value conclusion stated herein. <br />This complete appraisal is presented in summary format .per our agreement. Information <br />summarized within this report, where appropriate, has been maintained in more detail within.the <br />office file. The attached appraisal report details the basis and reasoning for my value conclusion. <br />Please refer to the. Summary of Salient Facts on page S. Your attention is also directed to the <br />statement of Assumptions and Limiting Conditions contained on pages 6 and 7. <br />This appraisal conforms to the 2000 edition of the Uniform Appraisal Standards for Federal Land <br />Acquisitions. This report has also been made in conformance with the Uniform. Standards of <br />--------Professional~4ppraisai Pra-cti-ce-(-H~P~j~s~dopt ~tarrd~ds oar o e <br />Appraisal Foundation. The departure provisions of the Uniform Standards of Professional <br />Appraisal Practice do not apply to this appraisal. <br />1260 CHARNELTON STREET, EUGENE, OREGON 97401 <br />- (541) 687: 1938/683-3400. FAX (541) 683-0932 info®duncanbrown.com <br />ROSEBURG, OREGON (541) 673=3300 <br />