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C. P. Braman & Co., Inc. <br />Real Estate Appraisals & Consulting <br />1023 Kenilworth Avenue <br />Cleveland OH 44113 <br />(216) 225-9383 cell <br />October 25, 2024 <br />City of North Olmsted <br />c/o Steve Holowicki <br />Economic and Community Development Coordinator <br />5200 Dover Center Road <br />North Olmsted, Ohio 44070 <br />In Re: A 1.2313 acre parcel along Crocker -Stearns Road north of Lorain Road, North <br />Olmsted, Ohio <br />Permanent Parcel Numbers: 1.2313 acre northern part of 233.26-067 <br />Owner: Rini Brothers, LLC <br />Dear Mr. Holowicki: <br />Pursuant to your request, I have prepared an appraisal of the captioned property as defined in the attached <br />report. It is my conclusion that as of October 15, 2024, the tee simple interest in the subject property <br />would have a Fair Market Value of: <br />Fifteen Thousand Dollars <br />($15,000) <br />This letter constitutes only a statement of final value and should not be considered independently. "I'he <br />attached report explains the analysis of market data and the development of the final estimate of value. <br />The purpose of this appraisal is to estimate the market value of the subject property as of October 15, <br />2024. The intended use of the report is for possible acquisition of of the subject property, to combine <br />it with the adjacent. former Forest School property for development. The intended users of this report <br />are the officials of the City of North Olmsted. <br />I, the undersigned, after having personally inspected this property, do hereby certify that, to the best of <br />my knowledge and belief, the statements contained in this appraisal and upon which the opinions <br />expressed herein are based, are correct, subject to the limiting conditions herein set Forth. The appraisal <br />has been made in conformity with the professional standards of the Appraisal Institute and the Uniform <br />Standards of Professional Appraisal Practice (USPAP) as promulgated by the Appraisal Standards Board <br />of the Appraisal Foundation. Employment in and compensation for making this report are in no way <br />contingent upon the value reported and I certify that I have no financial interest in the subject property. <br />If you have any questions, do not hesitate to contact me. <br />A <br />Emily L. Braman, MAI, SRA, AI-GRS <br />State Certified General Real Estate Appraiser <br />Certification Number 381955 <br />F.LB/Ids <br />