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TABLE OF CONTENTS <br />General Information Page <br />Summary of Important Facts and Conclusions 1 <br />Introduction 2 <br />Intended Use of Report, Date of the Appraisal 2 <br />Scope of the Appraisal 3 <br />Property Rights Appraised, Property Components Appraised 4 <br />Identification, Real Estate Taxes 5 <br />Subject Sales, Building & Lease History 6 <br />Descriptive Data <br />Regional Data 7 <br />Regional Map 18 <br />City & Neighborhood Description 19 <br />Neighborhood Map 22 <br />Market Conditions Overview 23 <br />Site Description 26 <br />Zoning Description & Map 27 <br />Flood Map 28 <br />Plat Map 29 <br />Aerial Plat Map 30 <br />Aerial Map Surroundings 31 <br />Subject Photographs 32 <br />Valuation <br />Highest and Best Use 34 <br />Cost Approach 36 <br />Income Approach 36 <br />Sales Comparison Approach 37 <br />Reconciliation 48 <br />Exposure/Marketing Time 49 <br />Definition of Market Value, Environmental & Building Conditions 49 <br />Certification 50 <br />Extraordinary Assumptions & Hypothetical Conditions 51 <br />Assumptions and Limiting Conditions 51 <br />Qualifications 54 <br />Addenda 57