03-29-10 Special Called Regular Meeting of the Fiscal Affairs Committee

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SUMMARY APPRAISAL REPORT 22 reference to the appraisers or THE BILICEK COMPANY, may be included or quoted in ~y offering circular or registration statement, prospectus, sales brochure, other appraisal, loan or other agreement or document without our prior written permission. Permission will be granted only upon meeting certain conditions. Generally, THE BILICEK COMPANY will not agree to the use of its name as a "named expert" within the meaning of the Securities Act of 1933 ~d the Securities Act of 1934. tnformation fumished by others is presumed to be reliable. and where so specified in the report, has been verified; but no responsibility, whether legal or otherwise, is assumed for its accuracy, and it cannot be guaranteed as being certain. No single item of information was completely relied upon to the exclusion of other information. Appra.isal assignments are accepted w. ith the understanding that there is no obligation to fumish services after completion of the original assignment. If the need for subsequent service related to an appraisal assignment (e.g., testimony, updates, conferences, reprint 01' copy service) is contemplated, special arrangements acceptable to THE BILICEK COMPANY must be made in advance. No significant change is assumed in the supply and demand pattems indicated in the report. (The appraisal assumes market conditions as observed as of the date of value stated in the report.) These market conditions are believed to be correct; however, the appraisers assume no liability should market conditions materially change because of unusual or unforeseen circumstances. .J Unless specifically stated, the value opinion(s) contained in the Appraisal applies to the real estate only. and does not include personal property, machinery and equipiUent, trade fixtures, business v~lue. goodwill 01' other non"1'ealty items. Income tax considerations have not been included or valued unless so specified in the Appraisal. We make no representations as to the value changes that may be attributed to such considerations. The Appraisal rep01i covering the subject is limited to surface rights only, and does not include any inherent subsurface or mineral rights. This report is fiot intended to be an engineering report. We are not qualified as structu1'al or envh'onmental enguleers; therefore we are not qualified to judge the structup:lI or envirol1lllental integrity of the improvements, if any. Consequently, no warranty or representations are l11ade nor any liability assumed for the structural soundness, quality, adequacy 01' capacities Of said impmvements and utility services, including the construction materials, particularly the roof, foundations, and equipment, including the HV AC systems, if applicable. Should there be any question concerning same, it is strongly recommended that an engineering. construction and/or environmental inspection be obtained. The value estirnate(s) stated in this Appraisal, unless noted otherwise, is predicated on the assumptiOnS that all improvements, equipment and building services, if any. are structurally sound and suffer no ~oncealed or latent defects or inadequacies other than those noted in the Appra.isal. We will call to yoU!' attention any apparent defects or material adverse conditions which come to our attention. The Bilic~k Company