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t t r" <br /> Q 1� <br /> 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 66th 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, III , Esquire, the anticipated <br /> compensation is to be predicated upon appraisal evidence supporting: <br /> 1 . The market value of the land and contributory value of improvements, acquired for the <br /> roadway improvement, along with an analysts 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 acquisition. It is noted that the existing single family <br /> residence is situated along 661" 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 REAL ESTATE APPRAISALS <br /> Robert K. Babcock, MAI <br /> State-Certtfied General Appraiser RZ 990 <br /> Appraisers ♦ Consultants ♦ Realtors® <br /> 1010 Executive Center Drive , Suite 132 <br /> Orlando, Florida 32803 EXHIBIT <br /> Phone : 407 . 895 . 9999 Fax: 407 . 895 . 9998 b <br /> °n <br /> s <br />