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1 <br /> Tom Rohlfing,Assessor <br /> ��''' °.,��� Marion County <br /> 555 Court St.NE#2233, Salem, OR 97301 <br /> ----='-'77%-:--- � <br /> OREGON PO Box 14500, Salem, OR 97309 <br /> MI <br /> _..- Telephone: (503) 588-5144 <br /> ASSESSOR'S OFFICE Fax: (503) 588-7985 <br /> www.co.marion.or.us/ao <br /> September 19,2019 <br /> Mr. Scott Norris <br /> Assistant Legal Counsel <br /> Marion County Office of Legal Counsel <br /> 555 Court Street NE, Suite 5242 <br /> Salem,OR 97301 <br /> RE: Land Appraisal Report Of <br /> 14401 KEIL ROAD NE <br /> AURORA,OREGON <br /> Dear Mr.Norris: <br /> At your request,I have prepared an appraisal for the land portion of the above referenced <br /> property,briefly described as 4.53 acres(197,139 square feet)of land located within the <br /> perimeter of the Aurora Airport. <br /> I certify that I have no present or contemplated future interest in the property beyond this estimate <br /> of value. Please reference page 2 of this report for important information regarding the scope of <br /> research and analysis for this appraisal, including property identification, inspection,highest and <br /> best use analysis,and valuation methodology. <br /> Your attention is directed to the Extraordinary Assumptions section of this report(top of page 3). <br /> Acceptance of this report constitutes an agreement with these conditions and assumptions. In <br /> particular, I note the following Extraordinary Assumption: The valuation date of this appraisal <br /> (January 1, 2018)is just over one year prior to my first inspection date of March 13, 2019. This <br /> appraisal is based on the extraordinary assumption that the physical condition of the subject as of <br /> the inspection dates was similar to the physical condition as of the valuation date. <br /> Based on the appraisal described in the accompanying report, subject to the Extraordinary <br /> Assumption mentioned above,I have arrived at the following value conclusion: <br /> Retrospective As-Is Fee Simple Market Value Of The Real Estate As Of January 1, 2018: <br /> R10499: Land$3,548,500 <br /> Respectfully submitted, <br /> 6'aig Farnstrom <br /> Senior Commercial Appraiser <br /> Marion County Assessor's Office <br /> i <br /> 3 <br /> i <br /> I <br /> I <br /> i <br />