Attachment B

 

Appraisals from 2003-04 ACE Applicant Pool

 

 

Property          Appraised FMV1   Easement Value2               Adjusted Value3

 

Page, Henry C.            in the process of being revised

                                   

Bieker, Daniel    $  369,000        $    84,000 (23%)       $    84,000      

 

Hill, Samuel              in the process of being revised

 

Shifflett, James  $  400,000        $    61,000 (15%)       $    61,000      

Total                                                       $   145,000

 

 

 

1 Appraised FMV (Fair Market Value) - the fair market value of the entire property, before the easement, as determined by Hallmark Properties.

 

2 Easement Value - the fair market value of the easement as determined by Hallmark Properties.

         

3 Adjusted Value - the actual value the ACE Program would pay following adjustments based on the income grid.

 

 

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