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SCOPE OF WORK General Statements: USPAP requires a thorough discussion and disclosure of the scope of work. Scope of work is defined as being the extent to which the property is identified and inspected, the extent to which tangible property is inspected, the type and extent of data researched, and the types and extent of analysis applied to arrive at opinions or conclusions. The scope of work is acceptable when it is consistent with the expectations of the party/parties who are regularly intended users of similar assignments and when it meets or exceeds what an appraiser's peers' actions would be in performing the same or a similar assignment. A properly conducted appraisal and its report must be logical, unbiased, credible, and defendable. The scope of work of this appraisal involved the following steps: 1 Identify the problem: What is the total just compensation for the acquisition? a) What is the market value of the acquisition as of the effective date? b) Does the acquisition diminish the market value of the remainder? If es, what is the monetary amount of damages? 2 Identify the subject and its MnDOT supplied many items to identify the subject, including mapping, detailed information: certificate of title, afield title report, and legal description of subject. The property was inspected and photographed. Tax and Assessors' records were collected. The appraiser interviewed landownerlre . 3 Determine the Highest and A review of the neighborhood and local market was made. All property Best Use of the subject characteristics and aspects of Highest and Best Use were considered, analyzed, and reported. 4 Define the proper appraisal All three Approaches to value (Cost, Income, and Sales Comparison) methods to be used were considered for use. The Sales Comparison Approach was considered to be the only appropriate approach to properly value the partial acquisition. The Cost and Income Approaches were utilized in the estimation o site improvement values and severance damages. 5 Gather the data necessary to Researched and verified local comparable sales information from solve the problem. trustworthy sources. 6 Apply the information into the Analyzed the data, summarized, and reconciled methods and make conclusion 7 Report the information and the Produced the written report conclusion with clarity SPECIFIC SCOPE OF WORK STATEMENTS Identification of Subject: The client supplied pertinent information regarding the project, the subject property, and the partial acquisition proposed. Pertinent information included numerous items including: a certificate of title, a field title interview report, county property tax information, a parcel sketch, area computations, and maps of the subject and the project. Other maps and information were obtained from the City of Elk River, Sherburne County departments and website, and independent online sources. Inspection of the Subject: The appraiser initially viewed the subject property and acquisition on January 16th, 2020. The appraiser interviewed the owner -representative, Mr. Ronald Touchette on November 27th, 2019, who was afforded the opportunity to accompany the appraiser on an inspection of the subject property. The owner/representative accepted the invitation to attend the inspection and was present at the time of inspection. The current tenant was also present at the time of inspection. S.P. 7102-135RW C.S. 7102 (10=3) 902 Parcel 7102-902-229C Page 19