Reso 1996-061 to 065 - Laserfiche WebLink

Home

Agency the difference or "shortfall amount" between $20 million and actual sales tax generated, as calculated using the formula detailed in the DDA. It is assumed that the title of the site is good and marketable. No title search has been made by KMA, nor have we attempted to determine the ownership of the site. The value estimates are given without regard to any questions of title, boundaries, encumbrances or encroachments. It is assumed that all assessments, if any, are paid. No legal description of the property was furnished. In lieu of the legal description, our understanding of the property is based on the site plan and the relevant assessor parcel information provided to us by the Redevelopment Agency. We assume that the subject site will be in conformance with the applicable zoning and building ordinances over the economic life of the property. Information provided by such informed local sources as the Redevelopment Agency, governmental agencies, financial institutions, realtors, buyers, sellers, and others was weighed in the light in which it was supplied and checked by secondary means; however, no responsibility is assumed- for possible misinformation. The appraiser is not required to give testimony or appear in court because of having made this appraisal, with reference to the property in question, unless arrangements have been previously made therefor. No one other than the undersigned prepared the analysis, conclusions and opinions concerning real estate that are set forth in the appraisal report. KEYS ER MARSTON ASSOCIATES INC. 19096\0014-003.dx Page 21