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JOHNSON & KNIGHT APPRAISAL SERVICES, INC. <br />APPRAISERS -REALTORS -COUNSELORS <br />TELEPHONE (252) 433-0000 OARNETT STREET STATION <br />RALEIQH (919) 848-1126 208 NORTH OARNETT STREET, SUITE I E-MAIL ADDRESS: <br />FACSIMILE (252) 433000/ HENDERSON, NORTH CAROLINA 27538 c~ohnsonmjohnsonendknlphtcom <br />September 27, 2002 <br />John Smith, Jr., Assessor W' ^ `' <br />Ba~:;~ Jacobs, Chair, Board of County Commissioners ~ '' ~_-~: `.~ <br />Orange County <br />Post Office Box 8181 4 ~z~ ~~ ~ ~~~. <br />Hillsborough, North Carolina 27278 <br />Re: General Electric plant ~~~_ . ~ a'~'~ <br />6801 Industrial Drive, Mebane, Orange County, NC <br />Dear Mr. Smith and Mr. Jacobs: <br />I would be pleased to prepare a complete self-contained appraisal report on the above referenced <br />General Electric property in conformity with the Uniform Standards of Professional Appraisal <br />Practice (USPAP). The interest to be valued is fee simple, with an appraisal date of January 1, <br />2001. The intended use of the appraisal is for ad valorem tax assessment purposes. The intended <br />users of the appraisal are yourselves and others as designated by you. The purpose of the appraisal <br />is to estimate the market value of the specified interest in the subject property. Two copies the <br />appraisal report will be furnished, and delivery of the appraisal report will be within 120 days of <br />receipt of notice to commence. My fee for this assignment would be $9,500, with payment due <br />upon delivery of my report. If this proposal is acceptable, please indicate by signing below and <br />returning a copy to me. Thank you for your consideration. <br />Very truly yours, <br />JOHNSON & KNIGHT APPRAISAL SERVICES, INC. <br />ion. MAI <br />John Smith, Jr., Assessor Date Barry Jacobs, Chair <br />Date <br />