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DocuSign Envelope ID:96B57C42-8B3B-4F89-8D4E-CF5F2A1751A6 <br /> Analytical 125 Kingston Drive <br /> Suite 206 <br /> Consultants Chapel Hill, NC 5 <br /> 14 <br /> ants Tel: 919-929-9-953939 <br /> The Commercial Real Estate Professionals Fax: 919-929-9543 <br /> PROPOSAL TO APPRAISE <br /> September 13, 2019 <br /> Steven A. Arndt <br /> Director <br /> Asset Management Services <br /> Orange County <br /> P.O. Box 8181 <br /> Hillsborough, NC 27278 <br /> Office: 919-245-2658 Cell: 919-612-6565 <br /> Re: Property located at 501/503 West Franklin Street and 108 South Roberson Street, Chapel Hill, NC <br /> Purpose: To estimate fee simple market value for decision making regarding a potential sale of the property. <br /> Type of project/Scope of work: Appraisal report in a narrative format using all applicable approaches to value. <br /> Due Date: 3 weeks if this letter is accepted in the next three business days. <br /> Fee: $2,700 <br /> Payment Terms: The full fee is due within 30 days of our report delivery. It is clearly understood that the appraisal fee <br /> is not contingent upon a predetermined value conclusion and the end result may not be the expectation of the client. <br /> Appraisal Date: Date of inspection <br /> Copies: A PDF copy of the report will be provided. 2 original signed copies available at request. <br /> Property Contact: Please provide a property contact for the inspection if not yourself. <br /> Signed: L SNO <br /> tE�ERn <br /> Paul L. Snow <br /> sT4,F,,11`yv. <br /> Accepted: Date: September 13, 2019 <br /> Docu5igned by: <br /> Accepted: S{wt. QIftk Date: 9/24/2019 <br /> 2DMCDBB81844C& <br />