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4, STATEMENT OR UNDERSTANDING & WORK PLAN <br />Ass of Work Statement <br />DM &A's appraisal specialty, business goodwill valuation, is a vital component of any acquisition project. The firm <br />can assist the City with the following key services. <br />Budgetary Esdnrales of Goodwill Loss <br />Il can assist In the planning phase of a project by preparing budgetary goodwill loss estimates. These <br />estimates are based upon limited site inspections of the subject businesses, access to any publicly available data, <br />limited transactional research, and our extensive experience in valuingeomparablo businesses and in negotiated <br />settlements and jury awards in eminent detrain proceedings, This analysis does not include management <br />interviews, review and analysis of historical red prospective financial records, nor in depth industry and market <br />research. Accordingly, the conclusions are highly preliminary and inappropriate for settlement negotiations. The <br />Preliminary estimates are solely suitable for budgetary purposes. Budgetary estimates can generally be completed <br />within 20 to 30 days, <br />Goodwill Lass Acquisition Appraisals <br />DM &A's acquisition appraisals are based upon data which may be provided by the business' ownership at its <br />discretion. Such information may include leases, background on the business provided via owner /mmtagoment <br />interviews, historical and prospective financial data, and information about proposed relocation sites, In addition, <br />li will perform basic transactional research in light of our understanding of tho business' operations and <br />financial condition, Il will also coordinate with real estate and fixtures and equipment appraisers to avoid <br />duplication of compensation. further, DM &A's analyses will be guided by relevant statutory and case law <br />pertaining to compensation for loss of goodwill, <br />The result of each acquisition appraisal study is presented in a brief report with attached schedules. Included within <br />this document are the purpose ol'the assignment, the sources of information utilized, a brief description of the <br />25F -113 <br />