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<br />e <br /> <br />e <br /> <br />e <br /> <br />." <br /> <br />Because the trunk line gives the site the potential to become <br />fully serviced, the potential value of the site is $24,500; 1 <br />lot with a minimum of 12,000 square feet. The difference in <br />the finished value of $24,500 minus the cost _of $14,239 <br />represents a future value of $10,261. (The $16,261 is a <br />future value because the development cost approach assumed a <br />five year sellout time.) The present value of $10,261 <br />discounted at a rate of 12.0% is $5,822. <br /> <br />This example is the smallest parcel with the least potential <br />for future development. It is also a river lot which may sell <br />for a price greater than $24,500 based on other river lot <br />sales. <br /> <br />We found that each subject parcel has the potential to have a <br />positive present value after the trunk line assessment. We <br />remind the reader that the subject properties have not been <br />surveyed and that we do not guarantee that our analysis is <br />without flaw as to measurements and location of existing <br />improvements. Certain assumptions have been made and cannot be <br />validated without the assistance of a survey. Our assumptions <br />have been made using known facts whenever possible and we <br />believe represent a realistic and true analysis to the extent <br />possible without having surveying and engineering studies done. <br /> <br />Th~nk you for the opportunity to <br /> <br />Alice Lenzmeier <br /> <br />serve you. ~ <br />/ <br /> <br />~!- <br />f'--, <br /> <br /> <br />-'<-- en pan:::-~' ''1--C. <br /> <br /> <br />I ' <br />( ( / I ~ t <br /> <br />uJ . <br />/ ( / (I Vt{ (l 1.,-; <br /> <br />3 <br />