4704 HARBOR LN 2018-01-02 MF Import

Chase Properties I Merrill Creek Appraisal Report draft October 19, 2009 p.3 of a survey or other accurate map. I made a simple sketch of the site with the trees indicated at that time. I made a second visit on October 15, 2009 with Mr. Chris Chase. We had with us a copy of the survey, and Mr. Chase, who is very familiar with the site, and I were ahle to accurately identify the two parcels and the trees on each. I also identified trees that I marked on my first site visit that were not on the Chase parcels. Valuation I performed a Trunk Formula Method calculation to obtain a value for the trees damaged or destroyed. The Trunk Formula Method is described in the Guide for Plant Appraisal, 9t" Edition published by the International Society of Arboriculture in cooperation with the Council of Tree and Landscape Appraisers. The Trunk Formula Method is used to appraise the monetary value of trees considered too large to be replaced with nursery or field grown stock. Determination of the value of a tree is based on the cost of the largest commonly available tree and its cost of installation, plus the increase in value due to the larger size of the tree being appraised. These values are adjusted according tc the species of the tree and its physical condition and landscape location (an average of site, contribution, and placement). The Trunk Formula calculation uses the following conditions: Appraised Value = Basic Tree Cost x Species % x Condition % x Location %. Basic Tree Cost = Trunk Area Increase of the appraised tree x Unit Tree Cost + Installed Tree Cost. Location = (Site % + Contribution % + Placement %)/3. (ref: Guide for Plant Appraisal, 9t" Edition) My appraisal uses the latest edition of the Species Ratings for Landscape Appraisal recently released in November 2007 by the International Society of Arboriculture Pacific Northwest Chapter. The new list replaces the previous version released in 1990. For these trees, I used the Pacific Northwest Coastal Region Species Rating for the species as described in the 2007 Species Ratings for Landscape Tree Appraisal published by the Pacific Northwest Chapter of the International Society of Arboriculture. The ratings for specific Species are shown in the attached Table of Trees. My Basic Tree Cost for a coniferous tree reflects a 3" ball and burlap replacement tree and the cost of installation (2.5 x wholesale cost). In Western Washington, the Pacific Northwest Chapter of the International Society of Arboriculture sets this basic cost at $380. My Basic Tree Cost for a deciduous tree reflects a 3" ball and burlap replacement tree and the cost of installation (2.5 x wholesale cost). In Western Washington, the Pacific I I1(,?1, lr (\non, Ir J,¢r o,J I r: r> Tree Solydions Inc. tiwvwAreesoluhons.ner 1058 North 39" St. Seattle, WA 98103 Phone 206.528.4670 Fax 206.547.5873