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PURPOSE OF THE APPRAISAL <br /> The purpose of this appraisal is to estimate the Fair Market Value of the subject property. The <br /> definition of Market Value is: "The most probable selling price in terms of money that a property <br /> should bring in a competitive and open market under all conditions requisite to a fair sale, the <br /> buyer and seller, each acting prudently, knowledgeably, and assuming the price is not affected by <br /> undue stimulus." <br /> Implicit in this definition is the consummation of a sale as of a specified date and the passing of <br /> title from seller to buyer under conditions whereby: <br /> 1. The buyer and seller are typically motivated. <br /> 2. Both parties are well-informed or well-advised and both acting in what they consider their <br /> own best interest. <br /> 3. A reasonable time is allowed for exposure in an open market. <br /> 4. Payment is made in cash in U.S. dollars or in terms of financial arrangements comparable <br /> thereto; and <br /> 5. The price represents the normal consideration for the property sold unaffected by special <br /> or creative financing or sales concessions granted by anyone associated with the sale. <br /> Source: Office of the Comptroller of the Currency(OCC) Regulations 12 CFR 34.43(f) <br /> FUNCTION OF APPRAISAL <br /> The function of this appraisal is to help the client establish a sale price. <br /> INTENDED USERS OF REPORT <br /> Kittitas County Solid Waste <br /> PROPERTY RIGHTS APPRAISED <br /> The property rights appraised constitute the unencumbered lease fee interest of all future benefits, <br /> which may be derived from the property's present or possible use. <br /> DATE OF APPRAISAL <br /> November 15, 2024 <br /> 5 DAVIS APPRAISAL COMPANY <br />