CT2015-171 Feasibilty Study

• Contract/PO #: Ct2015-171
• Contractor Name: The Lower Poudre Augmentation Company
• Contract Type: Loan
• Loan Projects - Doc Type: Feasibility Study

EXHIBIT A
ASSUMPTIONS AND LIMITING CONDITIONS
1. I neither assume responsibility for matters of a legal character nor do I render any opinion
as to title;
2. It is assumed the Title is merchantable; the property is free and clear of liens and
encumbrances, under responsible ownership and competent management;
3. The information furnished to me by others is believed to be reliable,but I assume no
responsibility for its accuracy;
4. This letter is to be considered in its entirety. The distribution of value should not be used
in conjunction with any other appraisal and is invalid if so used;
5. Neither all nor any part of the contents of this letter shall be conveyed to the public
through advertising,public relations, news, sales, or other media, without written consent
and approval of the author, particularly as to valuation, the identity of the author or firm
with which he is connected;
6. Definition of Value: Market Value as taken from the Dictionary of Real Estate Appraisal
AIREA, defined as the most probable price in terms of money which a property will
bring in a competitive and open market, under all conditions requisite to a fair sale,buyer
and seller each acting prudently,knowledgeably, and assuming the price is not affected by
undue stimuli.
Implicit in this definition is the consummation of a sale of a specified date and the
passing of title from the seller to the buyer under condition whereby; a.)buyer and seller
are typically motivated,b.)both parties are well informed, are well advised, and each
acting in what they consider their own best interest, c.) a reasonable time is allowed for
exposure on the open market, d.)payment is made in cash or its equivalent, e.) financing,
if any, is on terms generally available in the community at a specified date and typical of
the property type in its locale, f.) the price represents a normal consideration for the
property sold, unaffected by special financing amounts and/or terms, services, fees, costs
or credits accrued in the transaction.