Agenda - 06-07-2011 - 5p - Laserfiche WebLink

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Attachment 2 -Appraisal Summary with Maps Scott W. Dorsett P.O. Box 987 Hillsborough, NC 27278 May 3, 2011 Orange County P.O. Box 8181 Hinsborough, NC 27278 Re: Property: Brookhollow Road (1,369 ac+/-) Efland, NC 27243 Client Orange County File No.: Orange County/2011 In accordance with your request, I have appraised the above refererxed property. The report of that appraisal is attached and the appraised value is: 525,000. 'The purpose of this appraisal is to estimate the market value of the property desrxihed in this appraisal report, as improved, in unenamhered fee simple title of ownership. 'This report is based on a physical anaysis of the site and improvements, a locational analysis of the neightmrhood and city, and an economic analysis of the market for properties such as the subject. The appraisal was developed and the report was prepared in accordance with the Uniform Standards of Professional Appraisal Practice. 'The value conclusions reported are as of the eRedive date stated in the body of the report acrd contingent upon the certification and limiting conditions attached. It is my opinion that Orange County's offer to allow Mr. Forrest to hook onto sewer for other property that he owns in the area should fairty pmpensafe him for any damage caused by the installation of the sewer lines along his remaining property. I assume the pump station, when completed, will be adequately acrd property landscaped so as to minim¢e any negative impact on the area, whether visual or noise related. I cannot calculate the positive impact to Mr. Forrest that sewer availability will have on any future development plans for his remaining property, but I assume with reduced lot size requirements due to the sewer availability, the end result should be very positive. =~Res~pectfu~lly S`ubm--i~~tted, ./ -~ w• Scott W. Dorsett Appraiser