Appraisal Report for ALP Relinquishment Areas 1 & 2

LOVE APPRAISALS, INC.
ANALYSIS OF HIGHEST AND BEST USE
The Uniform Appraisal Standards for Federal Land Acquisitions defines
highest and best use as "The highest and most profitable use for which the
property is adaptable and needed or likely to be Heeded in the reasonably near
future..." (Uniform Appraisal Standards for Federal Land Acquisitions, page 34).
The analysis is further defined by the statement that "before it can be concluded
that any use for the property is its highest and best use, that use must be physically
possible, legally permissible, financially feasible, and must result in the highest
value." (Uniform Appraisal Standards for Federal Land Acquisitions, Interagency
Land Acquisition Conference, Washington, D.C., 2000, page 17)
Physically Possible
The convenient location, good access, developable topography, available
utilities and amenities make the Subjects physically suitable for any of the uses
witnessed in the neighborhood. Surrounding uses include warehouses, offices,
hotels, retail space and shopping centers, parks and residential condominiums.
This variety of potential uses is supported by the intended uses for the comparable
sales.
The interior location of Relinquishment Area #1 does not provide sufficient
visibility for vehicular oriented uses. The drainage in Relinquishment Area #2 also
constrains development.
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