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a® AppraisalFirst <br /> Real Estate Appraisers LLC <br /> 1444 Biscayne Boulevard,Suite 21 I <br /> Miami,Florida 33132 <br /> Phone:305470-2130 <br /> Fax:305-470-2159 <br /> Esnail;residential(aapraisalfirstnet <br /> Email: <br /> COMITiercialgaPtmaisalfirstnet <br /> January 29,2015 <br /> Mr.Hans Ottinot <br /> City Attorney <br /> City of Sunny Isles Beach <br /> 18070 Collins Avenue,4th FL <br /> Sunny Isles Beach,FL 33160 <br /> Via Email: hottinot@sibfl.net <br /> Re: A commercial site located at 18000 Collins Avenue, Sunny Isles Beach,Florida. <br /> Dear Mr. Ottinot: <br /> Ipropose to furnish you with Appraisal Report setting forth the current Market Value for the above <br /> referenced subject property. The report will contain the level of data and analysis as stated under <br /> Standard 2-2(a) of the Uniform Standards of Professional Practice (USPAP). The reports will <br /> conform to the Standards ofPractice and Code of Ethics of the Appraisal Institute and the guidelines <br /> according to the 2014-2015 edition of USPAP. The report is also in conformance with the <br /> Interagency Appraisal and Evaluation Guidelines,Federal Register,Volume 75,No.237,December <br /> 10,2010. The appraisal reports will include all applicable approaches to value. <br /> The total fee for the appraisal services will be$1,500. You may indicate your acceptance by <br /> returning a signed copy of this letter. The time frame is complete the appraisal will be one week. <br /> The total fee is due upon completion of the assignment. <br /> The intended use of the appraisal report will be to assist the client in establishing a fair purchase <br /> price for the property. The intended user is the client stated herein. <br /> Once completed and delivered readdressing the appraisal reports to another party or client is <br /> prohibited by USPAP. Once an assignment is completed,it is misleading to try to add a new party <br /> as client or intended user who was not the original client or identified intended user." Readdressing <br /> the appraisal will be considered a new assignment with a potential additional fee. <br />