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In our opinion, 52,500,000 is a fair reuse value, given the specific conditions and covenants of the <br /> Agreement. The high quality of materials, amenities, the parking deck and design of the <br /> improvements required under the DDA will increase development costs and these costs have been <br /> reflected in the reuse value. <br /> • <br /> • Keyser Marston Associates, Inc. g I <br /> 19096.026\002 -001.doc Page 3 <br />