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r Corporate Office <br /> UV/iAVa I brid � SmithTotreer 2927 CoibyAvenue 18728 Bothell Nlay�!E506 2nd Avenue Suite 1001 Everett,WA 98201 Bothell,WA 98011 Fircrest,WA 98466 <br /> • -,,+`+'+°+'�°° PROPERTY ADVISORS <br /> °'°" Seattle,WA 98104 425-258-2611 phone 425-450-4040 phone 253-274-0099 phone <br /> Puget Sound 206-209-3016 phone 425-252-1210 fax 425-949-7109 fax 425-949-7109 fax <br /> 425-949-7109 fax <br /> 1 valbridge.com <br /> Restricted Appraisal Report <br /> IAugust 10, 2018 <br /> I Michael Palacios <br /> Real Property Manager <br /> City of Everett <br /> I 3200 Cedar Street <br /> Everett, WA 98201 <br /> IRE: APPRAISAL OF 171.37 ACRES OF FARMLAND LOCATED ALONG LOWELL- <br /> SNOHOMISH RIVER ROAD, EVERETT, WASHINGTON (Our File#18-0198). <br /> 1 Dear Mr. Palacios: <br /> I In response to your request, we have completed an appraisal of the agricultural property located <br /> along Lowell-Snohomish River Road, Everett, WA. The intended user of this report is the City of <br /> Everett. The purpose of the report is to provide an estimate of market value of the fee simple interest <br /> Iin the property. <br /> The property consists of 171.37 acres of agricultural land with a history of rotating crops and is <br /> Icurrently owned by the City of Everett. It is made up of seven tax parcels bounded by Lowell- <br /> Snohomish River road to the north and east and the rail road tracks to the southwest. Only one tax <br /> I parcel has a mailing address; 4426 Lowell-Snohomish River Road, Everett, WA. The property is zoned <br /> Agriculture, A-1, by the City of Everett and is entirely within the floodplain, floodway and density <br /> fringe area of the Snohomish River. No sewer or public water is available, and the flood plain location <br /> IIprohibits development of structures. <br /> The subject property is as described below. <br /> ITax Parcel No. Land Area (acres) <br /> 28050400200900 35.07 <br /> I28050400201400 20.93 <br /> 28050400201600 4.64 <br /> 28050400300100 53.71 <br /> I28050400300200 27.80 <br /> 28050400300400 11.59* *total parcel area is 31.45 acres but only the area east <br /> of the RR tracks is included as the subject property. <br /> I28050400400100 17.63 <br /> TOTAL 171.37 acres <br /> I <br /> ii <br /> 1111 18-0198 Lowell Farmland.docx—Copyright©2018 <br />