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$860,000, for the 1.32 acre Agency Assemblage. Embodied in this range of value is the assumption <br />that the Agency sale can be parceiized and sold to individual commercial businesses that are feasible <br />on the sites. However, due to the limited depths of the sites, the commercial uses would not include <br />major retailers. Such as those at Marina Square. Furthermore, it would be necessary to assume the <br />private assemblage of 3.66 acres would not occur. The potential commercial uses might include a <br />service station or real estate related offices. Such commercial uses, while supporting a higher reuse <br />value, do not achieve the policy objectives of the Agency for the revitalization of Marina Boulevard. <br />KEYS ER M A RSTO N A SSOCI ATES INC. <br />19096\0014002.doc Page 10 <br />