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i jinn '..in uimu ni i„ November 13, 2007 Indian River County 1840 25th Street Vero Beach, FL 32960-3328 Attn.: Mr. William K. DeBraal, Esquire RE: Fee proposal for Frederick Van Antwerp, 4805 66th Avenue, Vero Beach, FL 32967 Dear Attorney DeBraal: All Real Estate Appraisals is pleased to offer a fee proposal to provide appraisal services relating to the above referenced property. Based upon discussions with Raymer F. Maguire, III, Esquire, the anticipated compensation is to be predicated upon appraisal evidence supporting: The market value of the land and contributory value of improvements, acquired for the roadway improvement, along with an analysts of potential severance damages, If any, resulting from the proposed acquisition. This firm would provide evidence to support the land value and estimated contributory value of improvements within the proposed right of way acquisition. It is noted that the existing single family residence is situated along 661" Avenue, apparently within the area of acquisition. The remainder tract may lack sufficient depth for future residential development at values evidenced prior to the acquisition. The fee to provide appraisal services for this property would be $5,500. Field survey stakes (as in the (as in the Kahn property) would be of significant assistance is preparation of this appraisal. if this is acceptable, we will coordinate a detailed field inspection of the property with the survey with your office and the owner. This inspection would likely be in mid-December. We understand that time Is of the essence in this situation and would provide delivery of the completed appraisal within six weeks from the date of authorization. If you have any questions, please contact me at your convenience. Sincerely, ALL REAL ESTATE APPRAISALS Robert K. Babcock, MAI State -Certified General Appraiser RZ 990 Orlando,1010 Executive Center Drive, Suite 132 :r