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<br />Oct-18-Z00Z 10:OZam From-USBR WCAO Grand Junction CO <br /> <br />970-Z48-0801 <br /> <br />T-iZ7 P.005/017 F-i45 <br /> <br />factors affecting value. The appraisal report describes the methods used and reflects my <br />analysis of the data and the reasoning involved in arriving at conclusions. <br /> <br />In my opinion, the estimated market value ofthe subject property as of July 25, 2002, <br />subject to all Limiting Conditions and Assumptions on pages viii - ix of this report was <br />One Hundred Fifty Thousand Dollars ($150,000) <br /> <br />Respectfully submitted, <br /> <br />4~~cd!:~, - <br />~fd E. Lumpee, ARA, dba NeWEST Real Estate & Agriculrure <br />Colorado Certified General Appraiser # CGO 1313948 <br />