c. Abatement applications-Deboer; Bernard

, . '.. "I._ ' ANALYSIS OF DATA AND CONCLUSIONS A Total Building Cost Site Development Costs Driveway 2.294 SF @ Sidewalk 124 SF @ Landscaping 9.500 IF @ Tolal Site Improvements Cost Multipliers for Current Central Fargo Combined Adjustment Adjusted to Local Market Indirect Costs excluded by Marshall & Swift (3%) 1.0500 $11.105 $333 $11,438 $1,144 I $ 1.95 $4,473 $ 3,25 $403 $ 0.60 = $5,700 $10,576 1,0500 1,0000 I .,.1 '," . 'I , Subtotal Entrepreneurial Profit (10%) Total Site Improvements Cost Built in Appliances I Allowance Unit @ $3.200,00 = Total Built In Equipment Costs TOTAL ESTIMATED REPLACEMENT COST NEW Indicated Replacement Cost New / Sq. Ft, $3,200 j '-- $290,063 $12.582 $3.200 $305,845 $110,45 B. Accrued Depreciation In terms of public acceptance, it was determined in the Highest and Best Use Analysis that a loss in market value is evident. While no changes are noted in physical deterioration, the subject will be negatively impacted by functional and economic losses, Both are measured by analyzing market data with similar negative influences, and are allocated between the land and improvements since the estimated value of the land considers the effect of the loss, Damaged Sales I - 4 were used in the analysis (see sales comparison approach), From these sales, a cost to correct some of the deficiencies (not an all inclusive cost to cure) ranged from $210,000 to $250,000 per sale. These costs are pertinent due to the time frame in which they were bid (2001 - 2002) as compared to the retrospective date of the subject, December 2002. The lower estimate of $210,000 was for a smaller site located along the banks of the Sheyenne River. The bank had virtually no slope, but was improved with an earth dike. A portion of the dike and bank had collapsed at the time the property was viewed by this appraiser. The higher estimates ($240,000 - $250,000) were for three adjacent properties located along the Wild Rice River, Again, these properties generally did not have steeply sloped banks, as does the subject. They were generally grass covered as opposed to the wooded and rip rapped rear yard of the subject. In this instance the higher cost of$250,000 was used due to the slope of the bank, Depreciation I Building Improvements Replacement Cost New I BUILDING IMPROVEMENTS $ 290,063 Depreciated Type Percentage Amount Value PhYsical -10,00% -$29.006 $261.057 FUnctional 0,00% $0 $261.057 External -5.00% -$13,053 $248.004 Total Estimated Depreciation -$42,059 Depreciated Value I Building Improvements Depreciated Contributory Value I Site Improveme (6 years.. 20 year lile = 30% depreciation /70% residual) Contributory Value I Appliances : Total Estimated Depreciated Value EStimated Land Value .EStimated Depreciated Value 8SS Estimated Cost to Repair Site (minimum) Ifference "8SS ~stimated Cost to Demolish Basement and Clean Site /malnder Allocated to the Improvements $248.004 $7.549 $1 .200 $256.753 $21.000 $277.753 $250,000 $27.753 $10.000 $17,753