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Reconciliation of Value <br /> <br />CBRE VALUATION & ADVISORY SERVICES 26 © 2025 CBRE, INC <br /> <br />In the sales comparison approach, the subject is compared to similar properties that have been sold <br />recently or for which listing prices or offers are known. The sales used in this analysis are considered highly <br />comparable to the subject, and the required adjustments were based on reasonable and well-supported <br />rationale. In addition, market participants are analyzing purchase prices on similar properties as they relate <br />to available substitutes in the market. Therefore, the sales comparison approach is considered to provide <br />a reliable value indication. <br />Based on the foregoing, the market value of the subject has been concluded as follows: <br />MARKET VALUE CONCLUSION <br />Appraisal Premise Interest Appraised Date of Value Value Conclusion <br />Land Only Fee Simple Estate October 24, 2025 $1,030,000 <br />Compiled by CBRE <br /> <br />  <br />  <br />City Council 17 – 42 2/17/2026