1401 POPLAR ST 2016-01-01 MF Import

1 ' , ' ' SOURCE OF COST ESTIMATE: The precadinq Cust Estim«te was based on the dascription of improve- :rants then comparad with the Marshall Valuation Service,(Section 12, Page 13 - Sinqle Family R�sidenca). This nationally recogr.izad, cosc a:�ginearinq service has a conputerized program which works on a re�rota tarminal, inceracti�e basis, at P2t2Z'SOR Appraisal, Inc. DEFINITIONS OF CO5T: we have estimated the "Replacement Cost" of the Subject as: The total cost of construceion required to replace the ,Subject Buildinp with a substitute of Zike util3ty" (as opposed to the exact replica). ' CAVfiT: The Appraiser has used constr+lction plans furnishad by the client pius oa-sita verification ;where practical).However, this Appraiser is not ' a qeneral construction contractor, nor archicect and does not imply any such qualifications. The cost escimates are merely estimates and no warranty of achievement is implied or expressed: 1 ' 1 , , ' ' , , � 1 WHAT THE COSTS CONTAIN- Each listed item will have its pro rata share of the other miscellan- eous'costs included in the construction of the whole building such as: 1) Nornal interest on buildinq funds 3uring period of conscruction and processinq fee or servicz charge is included 2! Sales tax on materials is included :,) Normal site preparation including excavacion for foundation and back-fill 4) Utilities from structure to lot line Eiqured for typical sat-back 51 Coatractor's overhead and profit includinq job supervision, srork- man's compensation, fire and liability insurance, unampioyment insurance, etc. WHAT THE COST DOES NOT CONTAIN• 1) Coscs of buying or assemblinq land such as escrow faes, legal fees, property taxas, demolition, storm drains or rough qrading are considered costs of doinq business or land improvament costs 3) Costs of land planninq or preliminary concept & layout for large davelopments are not included nor incerest or taxes on the land 3i Discounts or bonuses paid for financing are considered a cost oi doing business as are funds for operacing startup, developmencal overhaad or fixture and equipment purchases, e�c. 4) Yard improvements including siqns, landscapinq, etc. 5) Off site costs including roads, utilities, jurisdictional hook-up fees and assessments, etc. 6i Furnishings & fixtures, usually not fouad in the qenaral coatract thac are peculiar to a definice tenant, such as seating or kitchen equipment. 7) Marketing costs to create first occupancy includinq model or ad axpenses or temporary operation of property owners association. Page 12 oi 13 PARCEL a