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APPRAISAL REPORT Prepared For: Board of County Commissioners Indian River County, Florida TYPE OF PROPERTY: Vacant Land LOCATION: End of Kingsberry Road West of 66th Avenue LEGAL DESCRIPTION: The West 9.2 acres of the East 19.2 acres of Tract 13, Section 18, Township 32 South, Range 39 East, according to the last general plat of lands of the Indian River Farms Company, filed in the office of the Clerk of the Circuit Court of St. Lucie County, Florida now being in Indian River County. Less The West 1.6 acres of the West 10 acres of the East 20 acres, including, but not limited to, the West 25.54 feet of the West 9.2 acres of the East 19.2 acres, of Tract 11 Section 18, Township 32 South, Range 39 East, Indian River County, Florida. PRESENT USE OF PROPERTY: Vacant Land HIGHEST AND BEST USE: Pasture, Farming; hold for future development Certificate of Valuation Michael S. Vredenburgh does hereby certify that this report has been prepared in conformity with standard appraisal techniques; that he has personally inspected the property appraised herein; that the statements and opinions expressed herein are correct, subject to the limiting conditions set forth on the final page of this report; that he has no present or contemplated interest in the property appraised herein; that neither his employment nor the amount of his fee are in any way related to the value reported; that the estimate of value expressed herein is valid under the stated program of utilization; and that in his opinion, the Market Value of the fee simple title to the property appraised herein as of November 28, 1975 is $11,500 (Eleven Thousand Five Hundred dollars). November 28, 1975 909 1);a Y Date Submitted Appraisal No. for Edgar L. Schlitt, Broker This report consists of 18 pages, of which this is Page 1. td Sc4IdI 49eacry, ina Vero /leach, 6 /4a DEC 31976 ?Agfa