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<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />TABLE OF CONTENTS <br /> <br />Title Page <br />Letter of Transmittal <br />Appraisalaf Value <br />Table of Contents <br /> <br />INTRODUCTION <br /> <br />Purpose of the Appraisal <br />Property Rights Appraised <br />Market Value Definition <br />Property Id'entification <br />Summary of Important Facts and Conclusions <br /> <br />DESCRIPtION AND ANALYSIS <br /> <br />Discussion of the Appraisal Process <br />Area Map <br />Neighborhood Analysis <br />Site Analysis <br />Estimate of Highest and Best Use <br /> <br />VALUATION <br /> <br />Income Approach <br />Discussion of Income Approach <br /> <br />Cost Approach <br />Discussion of Cost Approach <br />Direct Sales Comparison Approach <br />Sales Data <br />Summary of Sales Data <br />Sales Map <br />Reconciliation of Sales Data <br /> <br />Reconciliation and Final Value Estimate <br />Certificate of Value <br /> <br />ADDENDA <br /> <br />Area Analysis' <br />General Assumptions <br />General Limiting Conditions <br />Qualifications of the Appraiser, <br />Site Map <br />Photographs <br /> <br />Pa~e No. <br /> <br />1 <br />1 <br />1 <br />2 <br />3 <br /> <br />4 <br />7 <br />8 <br />1 1 <br />13 <br /> <br />15 <br /> <br />16 <br />17 <br />18 <br />26 <br />27 <br />28 <br /> <br />31 <br />33 <br />