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November 13, 2007 <br />Indian River County <br />1840 25th Street <br />Vero Beach, FL 32960-3328 <br />Attn.: Mr. William K. DeBraal, Esquire <br />RE: Fee proposal for Frederick Van Antwerp, 4805 661h Avenue, Vero Beach, FL 32967 <br />Dear Attorney DeBraal: <br />All Real Estate Appraisals is pleased to offer a fee proposal to provide appraisal services relating to the <br />above referenced property. Based upon discussions with Raymer F. Maguire, Ill, Esquire, the anticipated <br />compensation is to be predicated upon appraisal evidence supporting: <br />The market value of the land. and contributory value of improvements, acquired for the <br />roadway improvement, along with an analysis of potential severance damages, if any, <br />resulting from the proposed acquisition. <br />This firm would provide evidence to support the land value and estimated contributory value of <br />improvements within the proposed right of way acquisifion. It is noted that the existing single family <br />residence is situated along 66'" Avenue, apparently within the area of acquisition. The remainder tract <br />may lack sufficient depth for future residential development at values evidenced prior to the acquisition. <br />The fee to provide appraisal services for this property would be $5,500. <br />Field survey stakes (as in the (as in the Kahn property) would be of significant assistance is preparation <br />of this appraisal. if this is acceptable, we will coordinate a detailed field inspection of the property with the <br />survey with your office and the owner. This inspection would likely be In mid-December. <br />We understand that time is of the essence in this situation and would provide delivery of the completed <br />appraisal within six weeks from the date of authorization. <br />if you have any questions, please contact me at your convenience. <br />Sincerely, <br />ALL <br />REAL ESTATE APPRAISALS <br />Robert K. Babcock, MAI <br />State -Certified General Appraiser RZ 990 <br />Appraisers * Consultants * 0 <br />Drive,lolo Executive Center <br />Orlando,:0 — '=;I <br />Phone: 407,895.9999 Fax: 407.895-9998�.IT <br />iii: <br />