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03-05-07 Special Called Joint Meeting of the La Porte Development Corporation Board of Directors and the La Porte City Council Minutes
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03-05-07 Special Called Joint Meeting of the La Porte Development Corporation Board of Directors and the La Porte City Council Minutes
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City Meetings
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La Porte Development Board Corporation/Type B
Meeting Doc Type
Minutes
Date
3/5/2007
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<br />STATEMENT OF ASSUMPTIONS AND LIMITING CONDITIONS <br /> <br />The following Standard Conditions apply to real estate consulting assignments by PKF Consulting: <br /> <br />Achievability of Projections - Some assumptions inevitably will not materialize, and unanticipated events <br />and circumstances may occur; therefore actual results achieved during the period under study will vary from <br />our estimates and the variations may be material. <br /> <br />Archaeological Significance - No investigation has been made by the consultant and no information has <br />been provided to the consultant regarding potential archaeological significance of the subject property or any <br />portion thereof. This report assumes no portion of the subject property has archaeological significance. <br /> <br />Definitions and Assumptions - The definitions and assumptions upon which our analyses, opinions and <br />conclusions are based are set forth in appropriate sections of this report and are to be part of these general <br />assumptions as if included here in their entirety. <br /> <br />Dissemination of Material- Neither all nor any part of the contents of this report (including the identity of the <br />consultant or PKF Consulting) shall be disseminated to the general public through advertising or sales media, <br />public relations media, news media or other public means of communication without the prior written consent <br />and approval of PKF Consulting. <br /> <br />Distribution and Liability to Third Parties - The party for whom this report was prepared may distribute <br />copies of this report only in its entirety to such third parties as may be selected by the party for whom this <br />report was prepared; however, portions of this report shall not be given to third parties without the written <br />consent of PKF Consulting. Liability to third parties will not be accepted. <br /> <br />Economic and Social Trends - The consultant assumes no responsibility for economic, physical or <br />demographic factors which may affect or alter the opinions in this report if said economic, physical, or <br />demographic factors were not present as of the date of the letter of transmittal accompanying this report. The <br />consultant is not obligated to predict future political, economic or social trends. <br /> <br />Engineering Survey - No engineering survey has been made by the consultant. Except as specifically stated, <br />data relative to size and area of the subject property was taken from sources considered reliable and no <br />encroachment of the subject property is considered to exist. <br /> <br />Hazardous Materials - The consultant has not been provided any information regarding the presence of any <br />material or substance on or in any portion of the subject property or improvements thereon, which material or <br />substance possesses or may possess toxic, hazardous and/or other harmful and/or dangerous characteristics. <br />Unless otherwise stated in the report, the consultant did not become aware of the presence of any such <br />material or substance during the consultant's inspection of the subject property. However, the consultant is <br />not qualified to investigate or test for the presence of such materials or substances. Unless otherwise stated, <br />this report assumes the subject property is in compliance with all federal, state and local environmental laws, <br />regulations and rules. <br /> <br />Hidden Conditions - The consultant assumes no responsibility for hidden or unapparent conditions of the <br />property, subsoil, ground water or structures that render the subject more or less valuable. No responsibility is <br />assumed for arranging for engineering, geologic or environmental studies that may be required to discover <br />such hidden or unapparent conditions. <br /> <br />Income Data Provided by Third Party - Income and expense data related to the property being appraised <br />was provided by the client and is assumed, but not warranted, to be accurate. <br /> <br />Information Furnished by Others -In preparing the report, the consultant was required to rely on information <br />furnished by other individuals or found in previously existing records and/or documents. Unless otherwise <br />indicated, such information is presumed to be reliable. However, no warranty, either express or implied, is <br />given by the consultant for the accuracy of such information and the consultant assumes no responsibility for <br />
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