Okaloosa County BOCC — September 16, 2014 — Odd Fellow Appraisal — reading text

following USPAP reporting option: Appraisal Report This report was prepared in accordance with USPAP Standards Rule 2-2(a). Restricted Appraisal Report This report was prepared in accordance with USPAP Standards Rule 2-2(b). Reasonable Exposure Time My opinion of a reasonable exposure time for the subject property at the market value stated in this report is: Additional Certifications I certify that, to the best of my knowledge and belief: I have NOT performed services, as an appraiser or in any other capacity, regarding the property that is the subject of this report within the three-year period immediately preceding acceptance of this assignment. I HAVE performed services, as an appraiser or in another capacity, regarding the property that is the subject of this report within the three-year period immediately preceding acceptance of this assignment. Those services are described in the comments below. — The statements of fact contained in this report are true and correct. — The reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions and are my personal, impartial, and unbiased professional analyses, opinions, and conclusions. — Unless otherwise indicated, I have no present or prospective interest in the property that is the subject of this report and no personal interest with respect to the parties involved. — I have no bias with respect to the property that is the subject of this report or the parties involved with this assignment. — My engagement in this assignment was not contingent upon developing or reporting predetermined results. — My compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in value that favors the cause of the client, the amount of the value opinion, the attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended use of this appraisal. — My analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the Uniform Standards of Professional Appraisal Practice that were in effect at the time this report was prepared. — Unless otherwise indicated, I have made a personal inspection of the property that is the subject of this report. — Unless otherwise indicated, no one provided significant real property appraisal assistance to the person(s) signing this certification (if there are exceptions, the name of each individual providing significant real property appraisal assistance is stated elsewhere in this report). Additional Comments APPRAISER: SUPERVISORY APPRAISER: (only if required) Signature: Signature: Name: Randy G. Bracewell/Cert. Gen.#RZ589 Name: Date Signed: April 16, 2014 Date Signed: State Certification #: RZ589 State Certification #: or State License #: or State License #: State: FL State: Expiration Date of Certification or License: 11/30/2014 Expiration Date of Certification or License: Effective Date of Appraisal: April 11, 2014 Supervisory Appraiser Inspection of Subject Property: Did Not Exterior-only from Street Interior and Exterior Form ID14AP — "WinTOTAL" appraisal software by a la mode, inc. — 1-800-ALAMODE  Teel & Waters Real Estate Co, Inc. (850) 682-6156 Main File No. 14-54 Page #8 FIRREA / USPAP ADDENDUM Owner Grand Lodge of Florida File No. 14-54 Property Address Lewis Turner Blvd. & Oddfellow Rd. City FWB County Okaloosa State FL Zip Code 32548 Client Okaloosa County (Water & Sewer) Purpose The purpose of this appraisal is to provide the appraiser's opinion of the fair market (As Is) value of the subject real property, as of the effective date. Scope of Work See Addendum Intended Use / Intended User Intended Use: The intended use of this appraisal report is to assist the client in making a financial decision regarding a possible purchase price for the subject property. Intended User(s): The client of this appraisal is Okaloosa Co. Purchasing Dept./Okaloosa County Water & Sewer and they are the intended user. Use of this report by any other party will render it null and void. History of Property Current listing information: The subject property is not currently listed for sale. Prior sale: THREE YEAR PROPERTY HISTORY: No arms-length transactions affecting the subject property. Exposure Time / Marketing Time A reasonable exposure period for the subject property is over 6 months, given the current market conditions and surrounding neighborhood. A reasonable marketing time for the subject property is over 6 months, given the current market conditions/surrounding neighborhood. Personal (non-realty) Transfers Additional Comments Certification Supplement 1. This appraisal assignment was not based on a requested minimum valuation, a specific valuation, or an approval of a loan. 2. My compensation is not contingent upon the reporting of a predetermined value or direction in value that favors the cause of the client, the amount of the value estimate, the attainment of a stipulated result or the occurrence of a subsequent event. 3. This appraiser has had a prior association/work history with this property over the past three years. Supervisory Appraiser: Randy G. Bracewell/Cert. Gen.#RZ589 Appraiser: Signed Date: April 15, 2014 Signed Date: Certification or License #: RZ589 Certification or License #: Certification or License State: FL Expires: 11/30/2014 Certification or License State: Expires: Effective Date of Appraisal: April 11, 2014 Inspection of Subject: Did Not Exterior Only Interior and Exterior Form FUA_LG2 — "WinTOTAL" appraisal software by a la mode, inc. — 1-800-ALAMODE  Main File No. 14-54 Page #9 Subject Photos Owner Grand Lodge of Florida Property Address Lewis Turner Blvd. & Oddfellow Rd. City FWB County Okaloosa State FL Zip Code 32548 Client Okaloosa County (Water & Sewer) Front/Street view Lewis Turner Blvd. & Oddfellow Rd. Front view Street/front view Form PIC4x6.TR — "WinTOTAL" appraisal software by a la mode, inc. — 1-800-ALAMODE  Main File No. 14-54 Page #10 Subject Photo Page Owner Grand Lodge of Florida Property Address Lewis Turner Blvd. & Oddfellow Rd. City FWB County Okaloosa State FL Zip Code 32548 Client Okaloosa County (Water & Sewer) Front/street Lewis Turner Blvd. & Oddfellow Rd. Side/Interior view Side/street view Form PIC4x6.TR — "WinTOTAL" appraisal software by a la mode, inc. — 1-800-ALAMODE  Main File No. 14-54 Page #11 Subject Photo Page Owner Grand Lodge of Florida Property Address Lewis Turner Blvd. & Oddfellow Rd. City FWB County Okaloosa State FL Zip Code 32548 Client Okaloosa County (Water & Sewer) Subject Front Lewis Turner Blvd. & Oddfellow Rd. Form PIC4x6.TR — "WinTOTAL" appraisal software by a la mode, inc. — 1-800-ALAMODE  Main File No. 14-54 Page #12 Location Map Owner Grand Lodge of Florida Property Address Lewis Turner Blvd. & Oddfellow Rd. City FWB County Okaloosa State FL Zip Code 32548 Client Okaloosa County (Water & Sewer) Form MAP.LOC — "WinTOTAL" appraisal software by a la mode, inc. — 1-800-ALAMODE  Main File No. 14-54 Page #13 Site Map Owner Grand Lodge of Florida Property Address Lewis Turner Blvd. & Oddfellow Rd. City FWB County Okaloosa State FL Zip Code 32548 Client Okaloosa County (Water & Sewer) Form MAP.Site — "WinTOTAL" appraisal software by a la mode, inc. — 1-800-ALAMODE