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Charles E Thompson & Assoc., Inc. Real Estate Appraisers & Counselors I April 1, 2005 I Mr. Russ Royer City of Eugene Public Works Engineering Division I 858 Pearl St. Eugene, OR 97401 I RE: Complete Appraisal- Summary Report of two undeveloped land parcels, located north of Irvington Road, South of Beacon Drive, East of Prairie Road, and West of River Road, Lane County, Oregon. The two land parcels, one containing I approximately 40 and the other parcel containing approximately 77 acres, acres, are part of Tax Lot 200, on Lane County Assessor's Map 17-04-03. I Dear Mr. Royer: Pursuant to your request, I have personally inspected the above referenced properties for the I purpose of estimating the market values thereof effective March 24, 2005. The subject properties were appraised subject to the assumptions and limiting conditions I outlined in this report. The market values of the fee simple interests in the subject properties, effective March 24, 2005, were concluded to be as follows: i Parcel I (40-acre parcel) $280,000 ($7,000 per acre) I Parcel II (77-acre parcel) $462,000 ($6,000 per acre) The two subject land parcels are part of a larger parcel, Tax Lot 200 on Lane County I Assessor's Map 17-04-03, which contains a total of approximately 197.16 acres, adjacent to the Urban Growth Boundary. The current zoning is Exclusive Farm Use with a 30-acre minimum division size. I This appraisal was completed in conformity with the Code of Ethics and Standards of Professional Practice of the Appraisal Institute. Also, the appraisal was done in accordance I with the 2005 edition of the Uniform Standards of Professional Appraisal Practice (USPAP), adopted by the Appraisal Foundation. I I P.O. BOX 10233 · EUGENE, OREGON · 97440-2233 · TELEPHONE (541) 343-8895 · FAX (541) 343-5190