C150300 Feasibility Study

• Contract/PO #: C150300
• Contractor Name: Raymond Dairy, Inc.
• Contract Type: Loan
• Water District: 0
• County: Mesa
• Loan Projects - Doc Type: Feasibility Study

B 6� B APPRAISAL, INC, GRAND 1�1NCi'ION, COL02AD0
MULTI-PURPOSE SUPPLEMENTAL ADDENDUM
FOR FEDERALLY RELATED TRANSACTIONS "9nl'
BOffOWEfICIlEf1I NOBORROWER/OWIVERIS:RAYMOND,20BERTH6.HELENI
Pf0(1@Ry AAAfB55 VACAM f.AND AT N RD k 737/2 RD
Ciry Facnrn Counry nnESn State co ZipCode siszi
Lender NO LENDER/CL[ENT fS: 2AYMOIVD, ROBE2T
This Multi-Purpose Supplemental Addendum for Federally Related Transactions was designed to provide the appraiser with a con-
venient way to comply with the current appraisal standards and requirements of the Federal Deposit Insurance Corporation (FDIC),
the Office of the Comptroller of Currency (OCC), The Office of Thrift Supervision (OTS), the Resolution Trust Corporation (RTC)
and the Federal Reserve.
This Multi-PUrpose Supplemental Addendum is for use with any appraisal. Only those
statements which have been checked by the appraiser apply to the property being appraised.
x • • • • � •
The purpose of the appraisal is to estimate the market value of the su6ject properry as defined herein. The function of the appraisal is
to assist the above-named Lender in evaluating the subject properry for lending purposes. This is a federally related transaction.
x • • • • • � ' •
� 7he appraisal is based on the information gathered by the appraiser from public records, other identified sources, inspection of the
subject property and neighborhood, and selection of comparable sales within the subject market area. The original source of the com-
parables is shown in the Data Source section of the market grid along with the source of confirmation, if available. The original source
is presented tirst. The sources and data are considered reliable. When conflicting information was provided, the source deemed most
retiable has been used. Data believed to be unreliable was not included in the report nor used as a basis for the value conclusion.
❑ The Reproduction Cost is based on
supplemented by the appraiser's knowledge of the local market.
❑ Physical depreciation is based on the estimated effective age of the subject property. Functional andlor external depreciation, if
present, is specifically addressed in the appraisal report or other addenda. In estimating the site value, the appraiser has relied on
personal knowledge of the local market. This knowledge is based on prior andlor current analysis of site sales andlor abstraction of site
values from sales of improved properties.
❑ The sub1ect property is located in an area of primarily owner-occupied single family residences and the Income Approach is not consi-
dered to be meaningful. For this reason, the Income Approach was not used.
❑ The Estimated Market Rent and Gross Rent Multiplier utilized in the Income Approach are based on the appraiser's knowledge of the
subject market area. The rental knowledge is based on pnor andlor current rental rate surveys of residential propernes. The Gross Rent
Multiplier is based on prior andlor current analysis of prices and market rates for residential properties.
❑ For income producing properties, actual rents, vacancies and expenses have been reported and analyzed. They have been used to pro-
ject future rents, vacancies and expenses. �
x '�• • •' •
According ro MLS COUNTY AGENT/OWNER ' �I1B SUbJ@CI (1(OP@fl�l;
x0 has not been offered for sale in the past 30 days 1 year x 3 years Other
❑ is currently offered for sale for $
❑ was offered for sale within the past: 30 days ❑ 1 year ❑ 3 years � Other for $
Q Offering informa0on wasconsidered in the final reconciliation of value.
❑ Offering informa6on was notconsidered in the final reconciliation of value.
❑ Offering information was not available. The reasons for unavailabiliry and the steps taken by the appraiser are explained later in
this addendum.
x � ' • ' � •
According to COUNN RECORDS AIVD MIS the subject property;
� has not transferred in the past 1 year x 3 yeazs Other
❑ has transferred in the past ❑ 1 year ❑ 3 years ❑ Other
❑ All prior sales which have occurred in the past months or years are listed below and reconciled to the appraised value,
either in the body of the report or in the addenda.
Date SalesPrice Document# Seller Bu er
NA N A NA NA N/A
NA NA N/A NA NA
N/A fY/A IV/A N/A N/A
x � � � � � � ' � � � �
� Subject properry is not located in a FEMA Special Fiood Hazard Area.
� Subject properry is located in a FEMA Special Flood Hazard Area.
Zone FEMA Ma IPanel# Ma Date Name of Communi
X OtS11503508 7/1�/02 MESACOUNTY
Q The community does notparticipate in the National Flood Insurance Program.
0 The communiry does participate in the National Flood Insurance Program.
� It is covered by a regular program.
❑ It is covered by an emergency program.
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