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<br /> ADDENDUM -PAGE 1 OF 3
<br /> APPRAISER:
<br /> Robert K. Kurlansky,cGA,cRA
<br /> Certified General Appraiser-State of Hawaii
<br /> License#: CGA-102-Expires 12/31/11
<br /> PURPOSE,TYPE OF APPRAISAL,IDENTITY OF CLIENT,INTENDED USE AND USER(S):
<br /> The sole purpose of this summary appraisal report is to provide an opinion of the,herein
<br /> identified; subject property's market value, under a fee simple context, as of September 28,
<br /> 2012, for acquisition/negotiation from the County of Hawaii. The client and primary intended
<br /> user is identified as Spencer D.Jackson. Other(secondary)intended users include agents and/or
<br /> representatives of the County of Hawaii.
<br /> APPRAISER'S DISCLOSURE:
<br /> I disclose that I have not performed an appraisal or any services involving the subject property,
<br /> over the three(3)years prior to the September 13,2012,date of acceptance for this assignment.
<br /> APPRAISER'S ADDITIONAL CERTIFICATION IN ACCORDANCE WITH USPAP,
<br /> STANDARDS RULE 2-3;
<br /> I certify that,to the best of my knowledge and belief:
<br /> • The statements of fact contained in this report are true and correct.
<br /> • The reported analyses, opinions, and conclusions are limited only by the reported
<br /> assumptions and limiting conditions, and are my personal, impartial, and unbiased
<br /> professional analyses,opinions,and conclusions.
<br /> • I have no present or prospective interest in the property that Is the subject of this
<br /> report,and no personal interest with respect to the parties involved.
<br /> • I have no bias with respect to the property that is the subject of this report or to the
<br /> parties involved with this assignment.
<br /> • My engagement in this assignment was not contingent upon developing or reporting
<br /> predetermined results.
<br /> • My compensation for completing this assignment is not contingent upon the
<br /> development or reporting of a predetermined value or direction in value that favors
<br /> the cause of the client, the amount of the value opinion, the attainment of a
<br /> stipulated result, or the occurrence of a subsequent event directly related to the
<br /> Intended use of this appraisal.
<br /> • This report, as well as my analyses, opinions, and conclusions were developed and
<br /> prepared in conformity with the Uniform Standards of Professional Appraisal Practice.
<br /> • I have made a personal Inspection of the property that is the subject of this report.
<br /> SUBJECT'S SALES HISTORY:
<br /> Public records indicate that the subject has not been sold over the past 3 years.
<br /> SCOPE OF WORK STATEMENT:
<br /> The Scope of Work is the type and extent of research and analyses performed in an appraisal
<br /> assignment that is required to produce credible assignment results, given the nature of the
<br /> appraisal problem, the specific requirements of the intended user(s)and the intended use of the
<br /> appraisal report. Reliance upon this report, regardless of how acquired, by any party or for any
<br /> use,other than those specified in this report by the Appraiser, is prohibited.The Opinion of Value
<br /> that is the conclusion of this report is credible only within the context of the Scope of Work,
<br /> Effective Date, the Date of Report, the Intended User(s), the Intended Use, the stated
<br /> Assumptions and Limiting Conditions, any Hypothetical Conditions and/or Extraordinary
<br /> Assumptions,and the Type of Value,as defined herein.The appraiser,appraisal firm,and related
<br /> parties assume no obligation, liability, or accountability, and will not be responsible for any
<br /> unauthorized use of this report or its conclusions.
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