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Agency the difference or "shortfall amount" between $20 million and actual <br /> sales tax generated, as calculated using the formula detailed in the DDA. <br /> It is assumed that the title of the site is good and marketable. No title search has been made by <br /> KMA, nor have we attempted to determine the ownership of the site. The value estimates are <br /> given without regard to any questions of title, boundaries, encumbrances or encroachments. It is <br /> assumed that all assessments, if any, are paid. <br /> No legal description of the property was furnished.. In lieu of. the legal description, our <br /> understanding of the property is based on the site plan and the relevant assessor parcel information <br /> provided to us by the Redevelopment Agency. <br /> We assume that the subject site will be in conformance with the applicable zoning and building <br /> ordinances over the economic life of the property. . <br /> Information provided by such informed local sources as the Redevelopment Agency, <br /> governmental agencies, financial institutions, realtors, buyers, sellers, and others was weighed in <br /> the light in which it was supplied and checked by secondary means; however, no responsibility is <br /> assumed. for possible misinformation. <br /> The appraiser is not required to give testimony or appear in court because of having made this <br /> appraisal, with reference to the property in question, unless arrangements have been previously <br /> made therefor. <br /> No one other than the undersigned prepared the analysis, conclusions and opinions concerning <br /> real estate that are setforth in the appraisal report. <br /> KEYSER MARSTON ASSOCIATES INC. <br /> 19096=14-003.0c Page 21 <br />