2011-329 AMS - Chapel Hill Appraisals & Consultants -2nd amendment for Central Efland, N. Buckhorn Sewer Ext Project

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The following is a summary of the assignment activities involved,but are not limited to: • Each property will be inspected,to observe,note and photograph site features and the improvements thereon(if any)including exterior building measurements,as necessary. • Public Records will be researched to compile and confirm information necessary to properly identify and describe each property,its ownership,history,tax status and the affect from any relevant recorded documents. • Zoning Regulations will be researched to confirm legal uses of each property's neighborhood,its competitive market,trends and factors related to each properties highest and best use, • Market Sales Data will be researched and analyzed of similar(or as similar as possible or available)for closed sales of comparable properties,both within the defined neighborhood(if any)and within the expanded market area(as needed)to develop credible reports. - - EXHIBIT Additional work-2nd AMMENDNIENT to Original Engagement Letter INDEX PIN Name Tax Area Area Report Due Date # Value SFl IALCI F06 9854080094 Forrest Resources $44,626 79,029 1.81 Full Report 11/1/2011 E10 9854091617 Forrest,Joseph T. $21,631 39,518 0.91 Full Report 11/1/2011 K01 9854191872 Graham,Aubrey $68,222 279,489 6.42 Full Report 11/1/2011 Daniel Jr. n/a 9834385767 Cousin,Wiley L., $17,558 23,425 0.54 Full Report 11/1/2011 et al K03 9854195489 John Smith $28,341 53,901 1.24 Transmittal 11/1/2011 Ltr D01 9844887342 A.B.Lloyd,Jr. $18,700 42,428 0.97 Full Report 11/1/2011 It is hereby understood and agreed by all parties that in completing this appraisal assignment that collaboration with certain other appraisal peers is anticipated,understood and agreed as a component of completing this assignment. It is hereby agreed that Orange County will be invoiced simultaneously upon delivery of the Appraisals which shall be delivered on or before 5 PM, Tuesday November 1, 2011. Any additional time incurred by our requested or required attendance to any Orange County meetings/hearings and/or court proceedings related to this assignment will be invoiced separately as described below. The fee for providing Appraisals on these additional properties is $16,200.00. Terms are net at billing, 1.5%per month late fee thereafter. It must be noted that this fee does not include any court testimony or expert witness testimony for deposition.That will incur an additional fee at a rate of $150.00 per hour, which includes any preparation time, travel time, deposition time, court preparation, any governmental related appearances, and waiting time related to any of the above. If for any reason an opposing side subpoenas us for any testimony/depositions, etc, Orange County will be ultimately responsibility for payment to us as a witness, regardless if as an expert witness or a fact witness at the above billing rate. Intended Use and Users (as generally defined in the Uniform Standards of Professional Appraisal Practice — USPAP)are as follows:Intended Use is to provide Orange County with Appraisals on each property describing the Market Value(Before the Takinpl and the Market Value(After the Taking)by Orange County for the properties identified in the attached Exhibit and as generally referenced as the Central Efland & North Buckhorn Sewer Extension projects while observing G.S. Chapter 40A. The Intended User shall be exclusively limited to Orange County, its employees, third party consultants and staff for the purpose of negotiating appropriate easements