HomeMy WebLinkAboutR-2015-014 Determines parcel lying adjacent to Secret Woods Nature Center Park conveyed to the City by Broward County is surplus property; authorizes notice of sale to be published & acceptance of bids RESOLUTION NO. 2015-014
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF DANIA
BEACH, FLORIDA, DETERMINING THAT A PARCEL OF REAL
PROPERTY (CONVEYED TO THE CITY BY BROWARD COUNTY, LYING
ADJACENT TO SECRET WOODS NATURE CENTER PARK), LEGALLY
DESCRIBED IN EXHIBIT "A" (A COPY OF WHICH IS ATTACHED AND
INCORPORATED INTO THIS RESOLUTION BY THIS REFERENCE), IS
SURPLUS PROPERTY; CONFIRMING THAT AN APPRAISAL OF THE
REAL PROPERTY HAS DETERMINED THE VALUE OF THE PROPERTY
IDENTIFIED IN EXHIBIT "A-1"; AUTHORIZING NOTICE OF SALE TO
THE PUBLIC TO BE PUBLISHED AND PROVIDING FOR RECEIPT AND
ACCEPTANCE OF SEALED BIDS, ALL AS PRESCRIBED BY PART X,
ENTITLED "MISCELLANEOUS PROVISIONS", ARTICLE 2, ENTITLED
"SALE OF PUBLIC PROPERTY", OF THE CITY CHARTER; PROVIDING
FOR CONFLICTS; FURTHER, PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, Part X, Article 2, of the Charter of the City of Dania Beach authorizes the
City Commission to exchange, sell or convey real property acquired by the City if it is
determined by the City Commission to be surplus real property; and
WHEREAS,the City has determined that a parcel acquired from Broward County, (lying
adjacent to Secret Woods Nature Center Park), should be determined to be surplus and offered
for sale to the public; and
WHEREAS,the land has not been used by the City, and is not needed for City purposes;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE
CITY OF DANIA BEACH,FLORIDA:
Section 1. That the parcel described in Exhibit "A" is determined to be surplus
property. The improvements on the property are described in Exhibit"A".
Section 2. That an appraisal of the real property by a qualified state certified real
estate appraiser determined the value of the property to be as shown in Exhibit"A-I".
Section 3. That the City Administration is directed to offer the parcel for sale to the
public and receive sealed bids, pursuant to the procedure specified in Part X, entitled
"Miscellaneous Provisions", Article 2, entitled "Sale of Public Property", Section 2, entitled
"Notice of Sale" in the City Charter.
Section 4. That all resolutions or parts of resolutions in conflict with this Resolution
are repealed to the extent of such conflict.
Section 5. That this Resolution shall be in force and take effect immediately upon its
passage and adoption.
PASSED AND ADOPTED on Februai 24, 2015.
ATTEST: ,� c�
LOUISE STILSON, CMC -' AkOC SALVINO, SR.
CITY CLERK MAYOR
''�C`iAiLD 1
APPROVED AS TO F RM AND CORRECTNESS:
THOM S J. BR
CITY ATT RNEY
2 RESOLUTION$2015-014
EXHIBIT "A"
LEGAL DESCRIPTION:
A PORTION OF TRACTS 1 AND 4, PLAT OF A PART OF GOVERN10ENT LOT NO
1, ACCORDING TO THE PLAT THEREOF. AS RECORDED IN PLAT BOOK 14.
PAGE 21. BROWARD COUNTY RECORDS. DESCRIBED AS FOLLOWS.-
BEGIN AT THE SOUTHEAST CORNER OF SAID TRACT 4, THENCE ALONG
7 SOUTH LINE OF SAID TRACT 4, SOUTH 88°38'18" WEST 17.34 FEET;
THENCE NORTH 03'26'07" WEST 73300 FEET; THENCE NORTH 41'33'53"
FAST 15 94 FFFT; THFNCF NORTH 03'01'24" WEST 183.54 FEET;THENCE
NORTH 42`00'08" EAST 15.73 FEET, THENCE ALONG THE EAST LINE OF
SAID TRACTS 1 AND 4. SOUTH 03'02'27" EAST 939.49 FEET TO THE
POINT OF
BEGINNING,
SAID LANDS SITUATE, LYING, AND BEING IN THE CITY OF DANIA BEACH,
BROWARD COUNTY, FLORIDA AND CONTAINING 16,857 SQUARE FEET (0.387
ACRES) MORE OR LESS.
3 RESOLUTION$2015-014
ElLNISIT'A" Continued
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4 RESOLUTION$2015-014
APPRAISAL REPORT
13,880 Square Feet of Land
In Secret Woods'Park West of Rolly Marine Facility
DANIA,BEACH,FLORIDA 33312
by
Vance Real Estate Service
7421 Northwest Fourth Street
Plantation,Florida 33317-2204
for
Rolly Marine Service
2880 W. State Road No.84
Fort Lauderdale,Florida 33312
September 17,2007
-A,/ANCE
Vance Real Estate Service
September 17,2007
Rolly Marine Service Facility
2551 State Road No. 84
Fort Lauderdale,Florida 33312
RE: Appraisal of 13,880 Square Feet of Land on West Side of Property
(Complete legal description included m report)
Ladies and Gentlemen:
In fulfillment of our agreement, I transmit my Summary Appraisal Report, in which I develop an
opinion of current market value for the referenced 13,880 square feet of land as of September 17,
2007. The report sets forth my value conclusion, along with data and reasoning supporting my
opinion,and contains 50 pages,plus Addenda.
This report was prepared for Rolly Marine Service Facility. It is intended to be used in negotiations
with Broward County, Florida for rights to continue utilizing the property for the existing use as part
of Rolly Marine Service Facility. It is not intended for any other purpose.
Jesse B. Vance, Jr. visited the property. If you have questions or further needs, please contact the
undersigned.
As a result of my analyses,I have developed the opinion that the market value, subject to definitions,
certifications,and limiting conditions set forth in the attached report,is:
FIFTY FOUR THOUSAND DOLLARS
000,00
rHffSLETTERMUSTRM4 NATTACHED TO THEREPORT, WITH50 PAMPLUSADDENDA,FOR THE VALUE
OPIMONSETFORTHTO BE CONSIDERED VALID.)
Respectfully s witted,
V��e 1
J B. V ce,Jr.,MAI, ASA
te-Certified General R state Appraiser#RZ-85
MBA
REAL ESTATE MANAGEMENT AND DEVELOPMENT
7421 Northwest 4''Street,Plantation,FL 33317-2204 954/583-2116 Fax 954/583-5809
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TABLE OF CONTENTS
Paae Number
Title Page i
Letter of Transmittal
Table of Contents
INTRODUCTION
Photographs of the Subject Property 1
Location Map 7
1-3-5 Mile Demographic Data 8
Aerial Photograph of Appraised Property 10
Aerial Showing Subject&AreaZonuigs 11
Survey of Appraised Property 12
Legal Description of Appraised Property 13
Survey NW Portion of Rolly Marine Facility 14
Survey ofof SW Portion of Rolly Marine Facility 15
Summary of Important Facts and Conclusions 16
DESCRIPTIONS,ANALYSES,& CONCLUSIONS
Identity of Client and Intended User 17
Intended Use 17
Identification of Real Estate Appraised 17
Real Property Interest Appraised 1 18
Appraisal Purpose and Definition of Market Value 18
Effective Dates of the Appraisal and Report 20
Scope of the Appraisal 20
Summary of Information Considered 20
Property History 21
SALES COMPARISON APPROACH
Land a uation
Comparable Land Sales,Photos,Deeds,Plats 22
Lancr Sale Comparison Chart 47
RECONCILIATION AND FINAL VALUE OPINION 48
Certification and Limiting Conditions 49
ADDENDA
Copy of"S-2"Zoning Ordinance
Copy,of 2006-2007 USPAP Standards Rules 2-2
Qualifications of the Appraiser
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INTRODUCTION
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Executive Summary
Prepared by Vance Real Estate Service
2551 Sthy 84 2551 Sthy 84 2551 Sthy 84
Marina Mlle Dania Beach,FL 33312 Dania Beach,FL 33312 Dania Beach,FL 33312
SIteT : Radius Radius: 1.0 mile Radius: 3.0 mile Radius: 5.0 mile
2007 Population
Total Population 6,646 100,379 318,347
Male Population 53.3% 52.1% 50.0%
Female Population 46.7% 47.9% 50.0%
Median Age 43.0 38.4 38.7
2007 Income
Median HH Income $58,099 $45,804 $45'153
Per Capita Income $30,490 $23,638 $25,418
Average HH Income $69,472 $60,364 $63,770
2007 Households
Total Households 2,884 38,527 126,116
Average Household Size 2.27 2.52 2A8
1990-2000 Annual Rate 0.06% 0.33% 0.6%
2007 Housing
Owner Occupied Housing Units 51.9% 55.1% 54.3%
Renter Occupied Housing Units 31.7% 34.4% 34.6%
Vacant Housing Units 16.4% 10.5% 11.1%
Population
1990 Population 5,980 91,720 283,109
2000 Population 5,788 95,192 300,208
2007 Population 6,646 100,379 318,347
2012 Population 6,757 104,060 331,602
1990-2000 Annual Rate -0.33% 0.37% 0.59%
2000-2007 Annual Rate 1.99% 0.85% 0.94%
2007-2012 Annual Rate 0.64% 0.72% 0.82%
In the identified market area,the current year population is 318,347.In 2000,the Census count in the market area was 300,208.The rate of
change since 2000 was 0.94 percent annually.The five-year projection for the population in the market area is 331,602,representing a
change of 0.82 percent annually from 2007 to 2012.Currently,the population is 50.0 percent male and 50.0 percent female.
Households
1990 Households 2,481 35,402 113,005
2000 Households 2,497 36,579 119,914
2007 Households 2 884 38,527 126,116
2012 Households 2,973 39,977 131,199
1990-2000 Annual Rate j 0.06% 0.33% 0.6%
2000-2007 Annual Rate 2.33% 0.83% 0.81%
2007-2012 Annual Rate 0.61% 0.74% 0.79%
The household count in this market area has changed from 119,914 in 2000 to 126,116 in the current year,a change of 0.81 percent
annually.The five-year projection of households is 131,199,a change of 0.79 percent annually from the current year total.Average household
size is currently 2.48,compared to 2.46 in the year 2000,The number of families in the current year is 71,449 in the market area.
Housing
Currently.54.3 percent of the 141,789 housing units in the market area are owner occupied;34.6 percent,renter occupied;and 11.1 percent
are vacant.In 2000,there were 134,310 housing units-53.1 percent owner occupied,36.2 percent renter occupied and 10.7 percent vacant.
The rate of change in housing units since 2000 is 0.87 percent.Median home value in the market area is$253,616,compared to a median
home value of$181,127 for the U.S.in five years,median home value is projected to change by 2.99 percent annually to$293,865.From
2000 to the current year,median home value changed by 16.72 percent annually.
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Executive Summary
Prepared by Vance Real Estate Service
2551 Sthy 84 2551 Sthy 84 2551 Sthy 84
Marina Mile Dania Beach,FL 33312 Dania Beach,FL 33312 Dania Beach,FL 33312
Ska e: Radius Radius: 1.0 mile Radius: 3.0 mile Radius: 5.0 mile
Median Household Income
1990 Median HH Income $31,563 $26,062 $26,762
2000 Median HH Income $46,577 $36,721 $36,311
2007 Median HH Income $58,099 $45,804 $45,153
2012 Median HH Income $65,895 $63,401 $5 3g87
1990-2000 Annual Rate 3.97% 3.49%
2000-2007 Annual Rate 3.6% 3.6% 3.55%
2007-2012 Annual Rate 2.55% 3.12% 3.09%
Per Capita Income
1990 Per Capita Income $16,884 $13,067 $14,962
2000 Per Capita Income $24,143 $19,425 $20,902
2007 Per Capita Income $30,490 $23,638 $25,418
2012 Per Capita Income $35,684 $27,691 $2,774
4%
1990-2000 Annual Rate 3.64% 4.04%
2000-2007 Annual Rate 3.8% 3.19% 3.18%
2007-2012 Annual Rate 3.2% 3.22% 3.21%
Average Household Income
1990 Average Household Income $40,474 $33,081 $37,169
2000 Average Household Income $57,106 $49,128 $51,564
2007 Average HH Income $69,472 $60,364 $63,770
2012 Average HH income $81,403 $70,742 $74,857
1990-2000 Annual Rate 3.5% 4.03% 3.330/o
2000-2007 Annual Rate 3.19% 3.35% 3.46%
2007-2012 Annual Rate 3.22% 3.22% 3.26%
Households by Income
Current median household income is$45,153 in the market area,compared to$51,546 for all U.S.households.Median household income is
projected to be$52,587 in five years.In 2000,median household income was$36,311,compared to$26,762 in 1990.
Current average household income is$63,770 in this market area,compared to$71,092 for all U.S.households.Average household income
is projected to be$74,857 in five years.In 2000,average household income was$51,564,compared to$37,169 in 1990.
Current per capita income is$25,418 in the market area,compared to the U.S.per capita income of$27,084.The per capita income is
projected to be$29,774 in five years.In 2000,the per capita income was$20,902,compared to$14,962 in 1990.
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Population by Employment i
Total Businesses 286 5,313 13,844
Total Employees 2,438 52,989 106,991
Currently,93.9 percent of the civilian labor force in the identified market area is employed and 6.1 percent are unemployed.In comparison,
93.4 percent of the U.S.civilian labor force is employed,and 6.6 percent are unemployed.In five years the rate of employment in the market
area will be 94.8 percent of the civilian labor force,and unemployment will be 5.2 percent The percentage of the U.S.civilian labor force that
will be employed in five years is 93.8 percent,and 6.2 percent will be unemployed.In 2000,64.0 percent of the population aged 16 years or
older in the market area participated in the labor force,and 0.1 percent were in the Armed Forces.
In the current year,the occupational distribution of the employed population is:
e 64.9 percent in white collar jobs(compared to 60.5 percent of U.S.empkyment)
e 21.6 percent in service jobs(compared to 16.4 percent of U.S.employment)
a 23.5 percent in blue collar jobs(compared to 23.1 percent of U.S.employment)
In 2000,75.9 percent of the market area population drove alone to work,and 2.5 percent worked at home.The average travel time to work in
2000 was 25.5 minutes in the market area,compared to the U.S.average of 25.5 minutes.
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Population by Education
In 2000,the educational attainment of the population aged 25 years or older in the market area was distributed as follows:
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e 24.6 percent had not earned a high school diploma(19.6 percent in the U.S.)
a 28.9 percent were high school graduates only(28.6 percent in the U.S.)
a 6.4 percent had completed an Associate degree(6.3 percent in the U.S.)
e 13.0 percent had a Bachelors degree(15.5 percent in the U.S.)
e 7.5 percent had earned a Mastera/Professional/Doctorate Degree(8.9 percent in the U.S.)
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ZONING DESIGNATIONS FOR SUBJECT AND VICINITY
Secret Woods Park: Zoning: "S-2"Open Space(Dania Beach)
Land Use Plan: "5" Conservation—Natural Reservations
Rolly Marine: Zoning:"B-3"Heavy Commercial/Light Industrial Business(Ft.Lauderdale)
Land Use Plan is "I"Industrial
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SUMMARY OF IMPORTANT FACTS AND CONCLUSIONS
PROPERTY APPRAISED: avg. 14.99 feet x 925.99 feet land parcel within
Secret Woods Park site located adjacent to Rolly
Marine Service Facility on the east
OWNERSHIP: Broward County,Florida
LAND AREA: 13,880 square feet
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IMPROVEMENTS: Valued"as-if'vacant
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ZONING: "S-2"Open Space
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APPRAISAL PURPOSE: To develop an opinion of market value
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INTEREST APPRAISED: Fee Simple, subject to zoning and other regulations
CURRENT USE: Valued"as-if'vacant
HIGHEST AND BEST USE: Any use permitted in"S-2"zoning(see zoning in
Addenda)
VALUE OPINION:
VALUE BY THE SALES COMPARISON APPROACH: L fflQM
FIFTY-FOUR THOUSAND DOLLARS
VALUATION DATE: September 17,2007
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16 __.,4\J
DESCRIPTIONS,
ANALYSES,
CONCLUSIONS
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SUMMARY REPORT
This is a SUMMARY REPORT that complies with Standard Rule 2-2(b) of the
Uniform Standards of Professional Appraisal Practice (USPAP,2006-2007).
2-2(b)(I) State the identity of the client and any intended users, by name or type;
The client and the intended user is Rolly Marine Service Facility and its
designees.
2-2(b)(Ii) State the intended use of the appraisal;
The appraisal is to be used in negotiations with Broward County, Florida for the
right to continue utilizing the site for existing uses.
2-2(b)(Iii) Summarize information sufficient to identify the real estate involved in
the appraisal, including the physical and economic property
characteristics relevant to the assignment;
Owners: Broward County, Florida
Property Location: Adjacent to the NW property line of Rolly Marine.
The land is conservation designated.
Legal Description: See survey and written description in report.
Real Estate Tax: Not taxable—Broward County Park
Zoning: "S-2" Open Space
Site Description: The valued land strip of approximately 26 feet wide
by 926 feet long(N/S)totals 13,880 square feet and
is cleared of trees and shrubs. The site is valued"as-
if' vacant with no improvements thereon. Elevation
is about the same as the improved property to the
east indicating that it has been filled.
Flood Zone: "AE",Panel 1250930306F subject to 100-year flood
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1�
SUMMARY REPORT
2-2(b)(iii) Summarize information sufficient to identify the real estate involved in
the appraisal, including the physical and economic properly
characteristics relevant to the assignment(continued)
Access: Except for current access via the Rolly property
bordering the property to the east, the site is a
conservation tract not permitting access.
Easement: There is an FPL powerline easement on the site
2-2(b)(Ilv) State the real property interest appraised;
A person who owns all the property rights is said to have fee simple title. A fee
simple title implies absolute ownership unencumbered by any other interest or
estate. Currently Broward County holds fee title to the property as a county
park, subject to restrictions of zoning and conservation. This is the interest
appraised.
2-2(b)(v) State the type and definition of value and cite the source of the
definition;
The purpose of the appraisal is to develop an opinion of the market value of the
subject property as of September 17, 2007.
USPAP Market Value Discussion
MARKET VALUE: a type of value, stated as an opinion,that presumes the transfer of a
property(i.e.,a right of ownership or a bundle of such rights),as of a certain date,under specific
conditions set forth in the definition of the term identified by the appraiser as applicable in an
appraisal.
Comment:Forming an opinion of market value is the purpose of many real property appraisal
assignments,particularly when the client's intended use includes more than one intended user.
The conditions included in market value definitions establish market perspectives for
development of the opinion. These conditions may vary from definition to definition but
generally fall into three categories:
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18
SUMMARY REPORT
1. the relationship,knowledge,and motivation of the parties(i.e.,seller and buyer);
2. the terms of sale(e.g.,cash,cash equivalent,or other terms);and
3. the conditions of sale(e.g.,exposure in a competitive market for a reasonable time prior to sale).
General USPAP Comments on Market Value Definitions
Market value appraisals are distinct from appraisals completed for other purposes because market value
appraisals are based on a market perspective and on a normal or typical premise. These criteria are
illustrated in the following definition of Market Value", provided here only as an example.
Market value means the most probable price which a property should bring in a competitive and open
market under all conditions requisite to a fair sale, the buyer and seller each acting prudently and
knowledgeably, and assuming the price is not affected by undue stimulus. Implicit in this definition is the
consummation of a sale as of a specified date and the passing of title from seller to buyer under
conditions whereby.
1. buyer and seller are typically motivated,
2. both parties are well informed or well advised and acting in what they consider their own best
interests;
3. a reasonable time is allowed for exposure in the open market,'
4. payment is made in terms of cash in U.S. dollars or in terms of financial arrangements
comparable thereto;and
5. the price represents the normal consideration for the property sold unaffected by special or
creative financing or sales concessions granted by anyone associated with the sale.
"This example definition is from regulations published by federal regulatory agencies pursuant to
Title XI of the Financial Institutions Reform,, Recovery, and Enforcement Act (FIRREA) of 1989
between July 5, 1990, and August 24, 1990, by the Federal Reserve System (FRS), National
Credit Union Administration (NCUA), Federal Deposit Insurance Corporation (FDIC), the Office of
Thrift Supervision (OTS), and the Office of Comptroller of the Currency (OGG). This definition is
also referenced in regulations jointly published by the OCC, OTS, FRS, and FDIC on June 7,
1994, and in the interagency Appraisal and Evaluation Guidelines,dated October 27, 1994.
Florida Court Definition: "Market Value is the price that a seller willing,but not compelled to
sell, and a buyer willing, but not compelled to buy, would agree to in fair negotiations with
knowledge of all the facts." [Source:Fla. Power&Light Co., v.Jennings, 518 So.2d 895(Fla.
1987)]
Internal Revenue Service Revenue Ruling 59-60: Fair Market Value refers to "the price at
which property would change hands between a willing buyer and a willing seller when the
former is not under any compulsion to buy and the latter is not under any compulsion to sell,
both parties having reasonable knowledge of relevant facts."
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SUMMARY REPORT
2-2(b)(vi) State the effective date of the appraisal and the date of the report,-
A) Appraisal: September 17, 2007
B)Report: September 17, 2007
2-2(b)(vii) Summarize sufficient information to disclose to the client and any
intended users of the appraisal the Scope of Work used to develop the
appraisal,-
The appraiser personally inspected and took pictures of the site (see pictures in
report). A parcel-by-parcel search was made via GIS imagery of areas in
Broward County possessing wetlands, powerline easements, and other sites with
Developmental limitations. Data sources were researched and checked in the
public records and by personal verification. The four sales located were all the
sales resulting from the wide search. The final valuation utilized all four sales.
2 2(b)(viii) Summarize the information analyzed, the appraisal methods and
techniques employed, and the reasoning that supports the analyses,
opinions, and conclusions; exclusion of the sales comparison approach,
cost approach, or income;approach must be explained;
Quoting the Twelfth Edition of the Appraisal of Real Estate published by the
Appraisal Institute, page 419: "The sales comparison approach is applicable to
all types of real property'interests when there are sufficient recent, reliable
transactions to indicate value patterns or trends in the market." "When data are
available, this is the most direct and systematic approach to value estimation."
"When the market is weak and the number of transactions is insufficient, the
applicability of the sales comparison approach may be limited "
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The Sales Comparison Approach was used to value the subject approximate 15
feet x 926 foot land strip totaling 13,880 square feet by comparing the appraised
property with sales of the most similar sales found in the market. Two sales
were given most weight: Sale No. 1 is a 20.42 foot x 380 foot narrow strip of
industrially zoned land about 3,000 feet SW of the subject that sold in March,
2007 for $2.86 per square foot. The land was purchased by the adjoining owner.
Sale No. 2 is the purchase of 98,456 square feet of wetlands for conservation by
Broward County at $3.90 per square foot. Final land value is based on the
higher unit price of$3.90 per square foot.
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SUMMARY REPORT
SR 1-5 In developing a real estate appraisal, when the value opinion to be
developed is market value, an appraiser must, if such information is
available in the normal course of business:
a) analyze all agreements of sale, options, or listings of the subject
property current as of the effective date of the appraisal;
Currently, the subject property is not listed for sale.
b) analyze all sales of the subject property that occurred within the three
(3)years prior to the effective date of the appraisal. None.
2-2(b)(ix) State the use of the real estate existing as of the date of value,
and the use of the real estate reflected in the appraisal; and,when an
opinion of highest and best use was developed by the appraiser,
summarize the support and rationale for that opinion;
On the date of valuation, the appraised property is vacant land, and it is valued
as such in this report. Current zoning and land use for the property is
preservation as a Broward County Park. The property is valued"as-if' vacant.
2 2(b)(x) Clearly and Conspicuously: State all extraordinary assumptions and
hypothetical conditions; and state that their use might have affected the
assignment result
For valuation and negotiation purposes, the property is appraised"as-if'vacant.
2-2(b)(i i) Include a signed certification in accordance with Standards Rule 2-3,
See signed certification in report.
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SALES
COMPARISON
APPROACH
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LAND
VALUATION
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FVACANT LAND SALES
NO. 1
LEGAL DESCRIPTION Lengthy. See Exhibit`S"of enclosed deed copy
RECORDED O.R.Book 43913,Page 544 Broward County Public Records
GRANTOR VYCD I—New River,LLC
GRANTEE Robert L.Elmore
DATE OF SALE March 19,2007
LOCATION
About 3,000 feet SW of Rolly Marine property on the south side
of I 595,unincorporated Broward County
I
ZONING 6M-1"General Industrial,Broward County
SALE PRICE $22,200.00
LAND SIZE an,20.42 feet x 380 feet=7,758 square feet,or 0.1781 acres
UNITS OF COMPARISON $2.86 per square foot
FOLIO NUMBER 50-42-20-00-0240(includes other land)
CONDITIONS OF SALE Arm's length transaction.
CONFIRlV1ED Purchaser,Mr.Elmore
COMMENTS Un-platted narrow parcel of land on east side of South Fork of
the New River. Some wetlands.
ANCE
22
i
'§�•`„ 1 �,�,��1�� 11,E. 'ate,. -
_ � �� �_ � ..ice. �/Y� "h-.J _ .x `� _ ,,_�R..mgyr, •.
n =V
>4
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N
AERIAL PHOTOGRAPH
South Side 1 1 on East Side of South Fork 1
M
LOOKING SOUTH @ LAND SALE NO. 1 (on far side of 1-595)
Access Road West of SW 30a Avenue
I
ANCE
24
CFN # 107001006, OR BK 43913 Page 544, Page 1 of 3, Recorded 04/18/2007 at
03:26 PH, B2bward County Commission, Doc: D $153.40 Deputy Clark 3190
V
This instturnent prepared by or under the
supervision of:
Name: Daniel R.Hoffman,Esq.
Address•: berg Tnmig,F.A.
1221 Brickell Avenue
Miami,Florida 33131
(Space Reserved for Clerk of Court)
WARRANTY DEED
THIS WARRANTY DEED is made and entered into as of the�_day of March, 2007
between VYCD I -NEW RIVER, LLC, a Florida limited liability company, whose mailing
address is 2890 N.E. 187a` Street, Aveatura, Florida 33180 ("Grantor") and Mr. Robert L.
Elmore,an individual,whose mailing address is 900 N.W.8m Avenue,Fort Lauderdale,Florida
33311-7208 ("Gnww"). ➢✓herever used herein, the terms "Grantor" and "Grantee" shall
include all of the parties to this instrument and their heirs,personal representatives,and assigns.
WITNESSETH:
GRANTOR,for and in consideration of Ten and No/100 Dollars($10.00)and other good and
valuable consideration, the rmmpt end suffickwy of wl*ich is hereby sclinpwledged, has
granted,bargained and sold,and by these presents does hereby grant,bargain and sell to Grantee
and Grantee's successors and/or assigns forever,the following desczibod land situat and being in
Broward County,FlMda(the"Property"),to wit:
See Exhibit I'attached hereto and made apart hereof.
TOGETHER WITS all the tenements,hereditaments and appurtenances the ireunto belonging or
in anywise appertaining.
I
THIS CIONVEYANCE is subita to.(s o1l rdwly lbs"Famf1#4 Exceptioos'�:,(a)taxes and
assessments for 2007 and subsequent years which are not yet due and payable; (b) existing
zoning and governmental regulations;and(o)all roysnants,restrictions and eesemsnls of rseotd,
if any,but this reference shall not operate to reimpose same.
TO HAVE and to hold the same in fee simple forever.
AM 179537237VI VVWV7
- f
26
CPN # 107001806, OR BK 43913 PG 545, Page 2 of 3
GRANTOR hereby covenants with the Grantee that the Grantor is lawfully seized of the
Property in fee simple;that the Grantor has good right and lawful authority to sell and convey
the Property;that the Grantor hereby warrants the title to the Property,and will defend the same
against the lawful claims of all persons,subject to the Permitted Exceptions.
IN WITNESS WHEREOF,Grantor has hereunto set its hand and seal as of the day and year
first above written.
Witnessed by: VYCD I-NEW RIVER,LLC lorida
limited liab'•
N e: QALQFQBy:
President
rs [CORPORATE SEAL]
i
STATE OF.FLORMA )
ss:
COUNTY OF MIAMI-DADE )
The foregoing instrument was acknowledged before me thisIay of March,2007,by Andrew
Stumw,President of VYCD I-New River,LLC,a Florida limited liability company. He is
personWjxjmpwn to me or produced midotifi.cati -
Nam .
Notary Public,State of
My w Sion expires: Commission?HAD L�-
DEU6 CHUCHLA�JR
to Hors pubk•no of Few [Notarial Seal]
J• rCoerwYoaEmpmMrp11.2m
`i .ar ComibMm p DO 561=
• 8onesd�Natirw Heap Arn.
MBA 1795r793M ZW=7
27
CFN # 107001906, OR BK 43913 PG 546, Page 3 of 3
..' . MERU erg„
-' -' LEGAL DESCRIPTION OF NEW RIVER LAND
18/25/2886 89:5S 9547637615 MM-NJ54-IN ENS 00 P 02
tw
JR
wit
i
ik
a
j
28
VACANT LAND SALES
SALE NO. 2
LEGAL DESCRIPTION The South Ih of the West V2 of the Northwest'/4 of the Northeast
'/4 of the Southwest V4 of Section 35,Township 50 South, Range
42 East,less the West 25 feet thereof. Said lands situate,lying and
being in Broward County,Florida
RECORDED O.R Book 36550,Page 1069 Broward County Public Records
GRANTOR James David Sands,et al
GRANTEE Broward County,Florida
DATE OF SALE December 8,2003
LOCATION North side of East Dania Beach Blvd. on east side of
Gulfstream Road
ZONING "RM' Residential,Medium High Density,Dania Beach
SALE PRICE $394,000.00
LAND SIZE 322.81 x 305 —2.26 acres,or 98,456 square feet by survey
UNITS OF COMPARISON $3.90 per square foot
FOLIO NUMBER 50-42-35-00-0201
CONDITIONS OF SALE Arm's length transaction.
CONFIRMED Audrey Hammond @ Broward County Real Property Department
COMMENTS Conservation wetlands purchased for preservation as part of
Broward County Park Bond Program(Parcel#278-A)
ANCE
29
_- - -
r r -
AERIAL PHOTOGRAPH OF LAND SALE NO.
North of Dania Beach Boulevard on the East side of Gulfstream Road
rr
4
f 'a
I
LOOEINNG NORTH @ LAND SALE NO.2 (right side)
East Side of Gulfstream Road just north of Dania Beach Boulevard
ANCE
31
CPK # 103549688, OR BX 36550 Page 1069, Page 1 of 4, Recorded 12/08/2003 at
01:18 PM, Broward County Comission, Doc. D $2688.00 Deputy Clerk 1034
Property Appraiser's Parcel
identification No.:I D235-00-02010
TRUSTEES WARRANTY DEED
THIS TRUSTEES'WARRANTY DEED is made this '4 day of gu.W ,2003 by
JAMES DAVID SANDS,DOUGLAS SANDS,and ALISON SANDS BIELD4 as Suaawr
Co-Trvabees of the LOUTS L.SANDS LIVING TRUST AGREEMENT dated March 2,I"ll,
whose post office addresses are 11855 SW 66 Avenue,Miami, Florida 33156,Grantor, and
BROWARD COUNTY,a political subdivision of the State of Fluids,whose post office address
is S Q--..a,-. t�w 4/e"" f4•L�/-J �<L a 40r Grant&-
WITNESSETHr
That said Grantor,for and in consideration of the sum of Ten rind No/I00($10.00)Dollars,
and other good and valuable consideration to said Grantor in band paid by said Grantee,the receipt
whereofis hereby aelmowledged,bas granted,bargained and sold to the said Grantee,and Grantee,s
legal rep=entadves and assigns forever,the following described hod,situate,lying and being in
Broward County,Florida,to-wtt
The South 1/2 of the West L2 of the Northwest IN of the Northeast 1/4 of the
Southwest V4 of Section 35,Township 50 South,Range 42 East,lea the wat
25 feet thenvL Said lands situate,lying and being In Broward County,Florida.
Subject to:
Tares for the year 20M and subaequent years;and
Condi 0026 restrictions,limitations,agreements and easoments of record,if any,and
applicable Zoning ordinances,without reimposing aid matters.
And the Grantor hereby covenants with said Grantee that Grantor is hm My seized of said
land in fee simple;that Grantor has good right and lawful authority to sell and convey said lead;that
Grantor hereby fully warrants the title to said land and will defend the same against the lawful clauns
of all persons claiming by,through or under Grantor.
IN WrI NPSS WHEREOF,the said Grantorhas signed and sealed these presents the day and
year first above written
32
OR BK 36550 PG 1070, Page 2 of 4
Signed,sealed and delivered
in our presence:
Print I S DAVID SANDS,
J as Successor Co-Trustee of the
LOUIS L.SANDS LIVING TRUST
Print are:—p Ian;e 1�' fD u SS a l AGREEMENT dated March 2,1998
Print Name: DOU SAN
as Sucp&mw Co-Trustee of the
LOUIS L.SANDS LIVING TRUST
e: a AGREEMENT dated March 2,1998
t71/1fY�
5almakt
Paint Name: — a — AI2SON SANDS BIEI.ER,
as Successor Co-Tnrstoe of the
LOUIS L.SANDS LIVING TRUST
Print Name: / AGREEMENT dated March 2,1998
STATE OF FLORIDA
COUNTY OF BROW Ra
per f v
The f xegoing insRrrmeat was admowledged beforo me this a^a dayof44yeagm,2003
by JAWS DAVID SANDS,as Suc essm Co-Trustee of the LOUIS L.SANDS LIVING TRUST
AGREEMENT dated March 2, 1998,who is personally lmown to me or who has produced
Dt.vtc lice ��- as identification.
NOTARY PUBLIC
My Commission Expires:
Affc s-Want aow
33
OR RK 36550 PG 1071, Page 3 of 4
•1 .t
STATE OF CALIFORNIA
COUNTY OF SAN DIEGO
The faregoutgins�wassoknowledgedboforemethis 2g dayofNovember,2003
by DOUGLAS SANDS, as Successor Co-Trustee of the LOUTS L. SANDS LIVING TRUST
AGREEMENT dated March 2, 1998, who is ptmonaUy known to me or who has produced
as idewification.
01
WARYWMKVIC,State of Caffmnis
PftName:
Commission No.:
(Seal) My Commission Expires:
STATE OF FLORIDA
COUNTY OF BROWARD
Tice f ngoin8 instrument was acknowledged before me this day ofNo=,2003
by ALISON SANDS BIELER,as Successor Co-Trustee of the LOUTS L.SANDS LIVING TRUST
AGREEMENT, dated March 2. 1998,who is personally known to me or who has produced
as identification.
!D' !,mMsCon,
com�.�nscc9s7tas NOTARY PUBLIC
aF_V 39��,zoos My Commission Expires:
ut.W Emmoe a.,roo.
I
3
34
OR 33K 36550 PG 1072, Page 4 of 4
ALL-PURPOSE ACKNOWLEDGMENT
State of California 1
County of Sari Diego r Ss.
On 2a03 before 11 vlt�ghll�Lee Sandberg ,
�wm _/
personally appeared ��1�G(/-�,_q re
J a o
❑ personally known tome - OR - proved to me on the basis of satisfactory
d ntobetpson rose name(
o the instrumentF
acknowledged to tha s/rhep executed
OFPO&SEAL the same in 0/h r authorized
VIRA NU LEE Jg4W a
NOwy-KA06CAUF0 capaeity(4), and that by /heAAhaix_
COMM.No.I4OfiS1B, signatures on the instrument the person sAN olEao couNtr
M1rCOMALo�MR •MAadI+)2os► or the en lty upon behalf of which the
peramw acted,executed the instrument.
WITNESS my hand and official seal.
OPTIONAL INFO ON
The information below is not required by law.However•it could prevent fraudulent attachment of this seimowl-
ed$n=t to su unauthorized document.
CAPACITY CLADI=BY SIGNER(PRINCIPAL) DESCRIPTION OF ATTACHED DOCUMENT
❑ INDIVIDUAL
❑ CORPORATE OFFICER
Man) TITLE OR TYPE OF DOCUMENT
❑ PARTNER(S)
❑ ATTORNEY-IN-FACT NUMBER OF PAGES
❑ TRUSTI=)
❑ OUARDIAN/CONSERVATOR _
❑ OTHER:
DATE OF DOCUMENT
OTHER
SIGNER IS REPRESENTING: RIGHT THUMBPRINT f
NAMaorIRwpn(s)Oa FMiTYtRs)
OF
SIGNER 1>
APA SA9 VALLEY-SIERRA.KID-362-3369
35
VACANT LAND SALES
SALE NO. 3
LEGAL DESCRIPTION The East 30 Feet of Tract 31, less the South 85 feet, lying South
of the Dania Cutoff Canal in Section 25, Township 50 South,
Range 41 East in Newman's Survey, Plat Book 2, Page 26,
Broward County Public Records
RECORDED O.R.Book 31811,Page 0140,Broward County Public Records
GRANTOR John Toole
GCE Milton&Michelin Peacock
DATE OF SALE June 18,2001
i
LOCATION North of Griffin Road on West Side of SW 42 Avenue
on south side of Dania Cutoff Canal
ZONING "RS-5"Residential Single Family,Dania Beach
SALE PRICE $5,000.00
LAND SIZE approx.30 feet x 226.67 feet=6,800 square feet
UNITS OF COMPARISON $0.74 per square foot
FOLIO NUMBER 50-41-25-01-0601
CONDITIONS OF SALE Arm's length transaction.
Mrs.Michelin Peacock,purchaser
CONFIRMED
COMMENTS 30 foot strip of vacant land on south side of Dania c
ANCE
36
i
F
North Side Griffin Rd. on West Side of SW 42 Avenue
•,z
i
LOOKING NORTH @ LAND SALE NO.3
Narrow Strip Along West Side.of SW 4VId Avenue-on South Side cif Dania Canal
Sou.of Griffin Road
i
ANCE
38
Wye Ill1�1�1111111!l111�lI�N
V� This Instrument A.pu•d by And Mum m:
WILL CALL.H INSTR * IO 7 S392
SUN TITLE & ABSTRACT CO. OR aQ 31SU PG 0140
7416 NW 57TH STREET
CM17106/N001 09251 SIN
TAMARAC,FL=IS glMMlgO n
FILE NO:01-M147 $Z'111P-Q 35.00
DBtW WA 19M
f'r Wty Appraisers Parcel klentlloatbn(Fob)Numbers:
012"1-0601
SPACE ABOVE THIS LINE FOR RECORDING DATA
TF�S WARRANTY DEED, made the /8 day of//'�f,ZtA4.J . A.D. 2001 by JOHN TOOLE.
Eo 1n4zez /X4/ herein called the gragtor, to MILTON PEACOCK and MICHELINE
PEACOCK,HIS WIFE whose post deb@ address Is.
heren ret afti r called the Gnee .r 7�s+s +-�+
W I T N E 8 S E T H. That said Grantor,for and In consideration or the sum of TEN AND OWt00'S($10.00)D011ara
and other good and valuable considerations to Said grantor In hand paid by said grantee,fine receipt whereof Is hereby
acknowledged,halt Granted,bargained and sold to the grantee and grantee's heirs forever the following described lend
boated In the County of BROWARD,ftte of Florida,to.**.
THE EAST 30 FEET OF TRACT 31,LESS THE SOUTH 85 FEET,LYING SOUTH
OF THE DANIA CUTOFF CANAL,PART OF SECTION 26,TOWNSHIP 60 SOUTH,
RANGE 41 EAST,NEWMAN'S SURVEY, ACCORDING TO THE PLAT THEREOF,
AS RECORDED IN PLAT BOOK 2, PAGE 26, OFTHE PUBLIC RECORDS OF
BROWARD COUNTY, FLORIDA. SAID LANDS SITUATE, LYING AND BEING IN
BROWARD COUNTY,FLORIDA.
GRANTOR WARRANTS AND REPRESENTS THAT THE ABOVE DESCRIBED
REAL PROPERTY IS VACANT LAND.
and said grantor does hereby fully wanant the title to said land,and WE deland the same against the lawful ekkma of all
persons whomsoever.
'Singular and plural am hterclongesble all contort raquses.
IN WITNESS WHEREOF,Grantor has hereunto set grentors hand and a"this
d/n{{({end year fret above written.
WITH /
sbxhrm vQRI',d� HN TOOLE
g1 SW 42 AVENUE,FORT LAUDERDALE,FL.
Prktte epnature ,
Cti1.G��• 7�•v
"Si SW 42 AVENUE,FORT LAUDERDALE,FL
Printed Signature
STATE OF FLORIDA
COUNTY OF BROWARD
The foregoing Instrument wes acknowledged before raw J of 2001,by JOHN TOOLE
who Islare personally known to me or has produced L'G` as identification and did(did
not)take an oath, hJ nn�
SEAL .—I
No Signature Signature
i
Printed Notary Signature
tXPlkcS AlK'+�3,2002 My Commission lexpkae:
ADVANTAGE tIC1AaY
39
VACANT LAND SALES
SALE NO. 4
LEGAL DESCRIPTION Lengthy. See Exhibit"A"of included deed copy.
RECORDED O.R.Book 37158,Page 1267,Broward County Public Records
GRANTOR Florida Power&Light Company
GRANTEE Maplendge Partners,LLC
i
DATE OF SALE December 23,2003
LOCATION South side of Grifl'm Road under FPL Powerlines just west of SW
3e Way.
ZONING 'RS-5"Residential Single Family,Dania Beach
SALE PRICE $25,000.00
LAND SIZE approx. 104 feet x 393.715 feet=40,946 square feet=0.94 acres
UNITS OF COMPARISON $0.61 per square foot
FOLIO NUMBER 50-42-31-01-0230
CONDITIONS OF SALE Arm's length transaction.
CONFIRIAM Bennet David for Mapleridge Partners
CONEVIENTS Vacant wetlands under FPL power lines and over cable and gas
lines, subject to perpetual FPL easement.
-/\V/`ANCE
40
`-
s
_ J
ti
t-
; y.
a� ice''
Idn
Jj
t J _I+�a-^��,r, � _ -♦{J� rr., -�• �; �--� +-i_� I 1 I '1 1 ,I y __
I
1 1 1 1 � 1 • I S 1 1 • �
LOOKING SOUTH @ LAND SALE NO.4
South side of Griffin Road just west of SW 38a'Way
I
42 ANCE
CFN N 103856771, OR BK 37158 Page 1267, Page 1 of 4, Recorded 03/30/2004 at
04:25 PM, Broward County Commission, Doc. D $175.00 Deputy Clerk 1924
2
pmvuvd by.
Alma S.E804 Esq.
Florida Pwaw&light Compeny
700 Universe Boulevard
Amo Bewh,FL 33408
Cmis apace rea rved for nemdins infomation)
Special warranty Deed
This Special Warranty Deed made on the 23ow— day of DW-0 405"t ,2003,by
and between Florida Power&Light Company,a Florida corporation,having its mailing address at
P.O.Box 14000,Juno Beach,Florida 33409-0420,("Gaanto{)and Mapleridge Partners,LLC,a
Florida limited liability company,whose mailing oil a is 3300 North 291h Avenue,Suite 101,
Hollywood,Florida 33020,("Grantee').
i WITNESSETH:
Grantor,in consideration ofTen Dollars($10.00)and other good and valuable consideration,
to it paid by Grantee,the receipt of which is hereby acknowledged,hereby grants,sells,and conveys
to Grantee,its successors and assigns forever all ofthat certain lead situated and located in Broward
County,Florida and more particularly described as follows:
See Exhibit"A"attached hereto and by this reference
made a part hereof for the description of the land conveyed hereby.
Subject to taxes and special assessments for the year and all subsequent years,to zoning
restrictions and other requirements imposed by governmental authority, and to easements,
conditions,reservations,restrictions and limitations of record.
Subject to a perpetual Easement over the land from Grantee to Grantor pursuant to an
Easement instrument to be recorded simultaneously herewith.
This conveyance is made subject to the following conditions and restrictions:
1. By accept thereof,the Grantee acknowledges that the above-described real property
coavWW hereby is aubject to an eas=cnt and personal property owned by Grantor and
used by it as a public utility corporation of the State of Florids,and Grantee accepts the
conveyance ofthe above-deacdbed propartywith full knowledge and subject to the use of
the Grantor's easement and personal property for such purposes or_any other legally
authorized use.
I
43
CFN Ik 103856771, OR SK 37158 PG 1268, Page 2 of 4
2. The property described herein is to be used by Grantee,its successors and assigns for
green spa-,paddng and retention only.Buyer covenants and agrees that Seller requires
a twenty(20)foot ad back on either side of the pipeline and on either side of the
transmission poles that traverse the land described on Exhibit"A,'.IfBuyer proposes to
build a paridng lot over the existing pipeline,Buyer will be required to encase the
pipeline in accordance:with Seller's specifications. Buyer's signature on this deed
confirms its acceptance of these restrictions.
The Grantor hereby binds itself and its successors to warrant the title as against all acts of the
Grantor herein and no other,subject only to the matters set forth above.
Ea Witness Whereo4 Grantor has caused this instrument to be signed by its duly authorized
officer on the date fast above written.
Ex red in the presence of i FLORMA POWER&LIGHT COMPANY
By' (ttQscao�wa QQ
Printed Name: Nancy A.Swalwell
Print Name: t►t►%/-r vE C. S Its:Dir.Corp.Real Estate and Asst.Secretary
/tlLfirr r_ Y/'I �fr�t�o�1
Signature Donna M. Redebaugh
Print Name:
State of Florida )
)� I
County of Palm Beach )
On this g jQL day of 2003,before me,the undersigned notary public,
personally appeared Nancy A.Swalwell,Director of Corporate Real Estate and Assistant Secretary
of Florida Power&Light Company,a Florida corporation,personally known to me to be the person
who subscribed to the foregoing instrument and acknowledged that he executed the same on behalf
of said corporation and that he was duly authorized to do so.
In Witness Whereof,I hereunto set my hand and official seal.
ocmatanaMUM -u `�
NrcawLO*t*r M Notary Public,State of Florida
a�rs+,ans
i •''hsla�• e.na171wButlwtlkgirMs
I,
44
i
CFN # 103856771, OR BK 37158 PG 1269, Page 3 of 4
Grantee's signatrae herein evidences Grantee's acceptance of the restrictions and conditions
set forth herein.
4Witae : MAPL twup a ,1mc, ,w,,,VrAl
PrintName:-ie: As its pLrS/OS•�Y'
Signatwe
Print Name-.
STATE OF FLORIDA )
)Ss:
COUNTY OF BROWARD )
On this �0 day of EAMm �.200f,before me,the unt i s�neglls►pb of G Ew e.,
personally appeared '.�d .��lr the Maws is
Mapleridge Partners,UC,a Florida limited liabrhty company,PcMonally known to me to be the
person who subscribed to the foregoing and acknowledged that he executed the same on behalf
of said corporation and that be was duly authorized so to do.
In Witness Whereof,I hereunto set my hand and ofiic sml. ^ t
paviclapollack
(seal) 4i+!.�4�er.:l D276 Notary Public,State of Florida
�. = %w"07,
ts►_
Expi
45
CFN # 103856771, OR BK 37158 PG 1270, Page 4 of 4
EXHIBIT"A"to
SPECIAL WARRANTY DEED
Legal Description
The East 104 feet of the north 6 acres of Block 2,Lot 9,REED LAND
COMPANY SUBDIVISION,Plat 2,Page 32 ofthe Public Records ofBroward
County,less a portion described as commencing at the northwest comer of
Section 31,easterly 627.63 feet to point of beginning,southerly 85 feet,westerly
104.18 feet,northerly 85 feet more or less,easterly 104.18 feet to point of
beginning.
Said lands situate,lying and being is Broward County,Florida
I
I
46
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ANCE
4�
RECONCILIATION
FINi4L VALUE
OPINION
ANCE
SALES COMPARISON APPROACH
In the Sales Comparison Approach, the appraiser compares the most similar sale properties to the
subject. This approach simulates the actions and attitudes of typical buyers and sellers. The approach is
based on the Principle of Substitution that affirms the maximum value of a property tends to be set by
the cost of acquisition of an equally desirable and valuable substitute property, assuming no costly
delays encountered in making the substitution_ The steps of this approach are:
1) Locate and collect information of recent sales most similar to the subject.
2) Verify the sales information with parties to the transactions.
3) Compare the sales to the subject using significant,market-derived units of comparison.
4) Reconcile all value indications from the comparisons into a value opinion by this approach.
Properties are compared using units of comparison to relate sales of similar properties to the property
appraised, based on significant measures such as price per square foot, price per cubic foot, et cetera.
For the property appraised and the comparable sales,the appropriate market-based unit is the sale price
per square foot of land. The appraiser made an extensive search for sales in Broward County most
similar to the appraised land site with development limitations. A lot-by-lot search was made utilizing
GIS maps in areas of Broward County impacted with wetlands,powerline easements,etc.
Reconciliation
Four(4)land sales were felt to be best indicators of land unit value for the 13,880 square foot site being
valued("as-if'vacant): j
Land Sale No. 1
This is a current sale of a narrow strip of land on the south side of I-595 and east side of the South Fork
of the New River measuring an average 20.42 feet x 380 feet for a total 7,758 square feet The land was
purchased by the adjacent property owner. It could not be developed by itself. There are some wetlands
on the part bordering the river. Unit sale price is$2.86 per square foot.
Land Sale No.2
This is a wetlands site purchased by Broward County for County Park Preservation. The site is 322.81
feet x 305 feet for a total 98,456 square feet The unit price paid in December, 2003 was $3.90 per
square foot(reportedly,more than the appraised value).
Land Sale No.3
This narrow land site on the south side of the Dania Cutoff Canal was purchased in June,2001 for$0.74
per square foot as a possible boat dock property by a non-adjacent party when the property was in
Broward County.The property is now in Dania Beach and remains vacant and undeveloped
Land Sale No.4
This wetlands site with a perpetual FPLeasement for powerlines and underground cable and gas lines
was purchased by the adjacent property owner. The site size is 40,946 square feet and the land unit
purchase price was$0.61 per square foot in December,2003.
Final Value Opinion
Land Sale No. 1 is very similar in shape,proximity and daze of sale to the appraised narrow land strip
selling at$2.86 per square foot.Land Sale No. 2 is the purchase of wetlands for preservation selling at
$3.90 per square foot. The appraiser opines that the subject land,as-if vacant,has a current unit market
value of$3.90 per square foot z 13,880 square feet=
FIFTY-FOUR THOUSAND DOLLARS
Exposure Time to Sell at the Appraised Value: 9-12 months
�4NCE
48
CERTIFICATION
I certify that,to the best of my knowledge and belief
The statements of fact contained in this report are true and correct
The reported analyses, opinions, and conclusions are limited only by the reported assumptions and
limiting conditions;they are my personal,unbiased professional analyses,opinions,and conclusions.
I have no present or prospective interest in the property that is the subject of this report,and I have no
bias or personal interest with the parties involved
The appraisal assignment was not based on a requested minimum valuation, a specific valuation, or
the approval of a loan.
My compensation is not contingent on an action or event resulting from the analyses, opinions, or
conclusions in,or the use of,this report.
The reported analyses, opinions,and conclusions were developed,and this report has been prepared,
in conformity with the requirements of the Code of Professional Ethics and the Standards of
Professional Appraisal Practice of the Appraisal Institute. The analyses, opinions and conclusions
were also developed and the report prepared in conformity with the Uniform Standards of
Professional Appraisal Practice, which is included in the Appraisal Institute's Standards, and is
codified in Chapter 475;Part II F.S.
The use of this report is subject to the,
requirements of the Appraisal Institute relating to review by its
duly authorized representatives. They use of this report is (also) subject to the requirements of the
State of Florida relating to review by the Florida Real Estate Appraisal Board.
I have made a personal visit of the property that is the subject of this report.
Jesse B. Vance, Jr. is responsible for!the analyses, conclusions and opinions concerning real estate
set forth in this report. No other person provided significant real property appraisal assistance to the
person signing this appraisal.
The Appraisal Institute and the American Society of Appraisers each conduct programs of
continuing education for their designated members. As of the date of this report,Jesse B. Vance,Jr.
has completed the requirements of the continuing education program of the Appraisal Institute.
Continuing educational requirements are also completed for the American Society of Appraisers and
the State of Florida.
September 17,2007
Jesse B. Vance Jr.,MAI, SRA,ASA Date
Florida State-Certified General Real Estate Appraiser No.RZ-85
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49
CERTIFICATION AND LEWMG CONDPTIONS
The statements and conclusions contained in this report,subject to the limiting conditions hereafter cited,are correct to the best of
the writer's knowledge and belief.
1. The undersigned has visited the subject of this report. No pertinent information has been knowingly withheld.
2. Unless specifically included,the subject is analyzed as though free and clear of liens and encumbrances.
3. No responsibility is assumed for legal matters,nor is an opinion of title rendered Title is assumed to be good and hold in
Fee Simple,unless otherwise indicated.
4. Others have furnished legal descriptions and property dimensions; no responsibility for their correctness is assumed.
Sketches that may be in the report are for illustrative purposes only.
5. Possession of any copy of this report does not carry with it the right of publication, duplication,or advertising using the
writer's name or professional designations or membership organizations.
6. The writer is not required to testify to his report findings without prior agreement.
7. Neither the employment to make this appraisal nor the compensation is contingent on the value reported.
8. Where divisions are made between land,improvements,etc.,the contributory values stated for each apply only under the
cited use or uses.The building reproduction cost is based on Marshall Valuation Service,adjusted for time and location,
unless otherwise stated.It should be understood that the real estate appraiser is NOT a licensed general contractor.Costs are
based on a range of typical costs,adjusted for time and location,from a trusted national cost manual;however,the user is
cautioned NOT to afford the same degree of reliability to the appraiser's opinion of cost new as a licensed general contractor
making a current bid for either new construction or replacement cost as part of insurance needs. Please consult a qualified
licensed contractor for building insurance of replacement purposes.
9. The value or values stated apply ONLY as of the date stated within the report.
10. The writer certifies that he has no present,past or contemplated interest in the subject of this report-unless specifically
stated.
11. This report is the property of the indicated client. Other persons may not use it for any purpose not consistent with the
written function of this report without the express written consent of the writer AND client.
12. The reported analyses, opinions and conclusions were developed, and this report has been prepared,in conformity with
the requirements of the Code of Professional Ethics and the Standards of Professional Practice and Conduct of the
Appraisal Institute. The work also conforms to the Uniform Standards of Professional Appraisal Practice.
13. The existence of potentially hazardous material used in the construction or maintenance of buildings,such as the presence
of urea formaldehyde foam insulation,and/or existence of toxic waste,that may or may not be present on the property,has
not been considered. Additionally,soil or sub-soil contamination may exist from current or prior users,or users outside
the property concerned. The appraiser is not qualified to detect such substances. I urge the client to retain an expert in
this field if desired.
14. The appraiser has not been provided 'a Habitat Survey, Endangered Species Survey, or analysis by a qualified
environmental specialist indicating the presence of or proximity to environmentally sensitive and/or protected land or
species which could affect the use and,possibly,value of the appraised property. The appraiser is not qualified to identify
these factors. I recommend that an expert be hired where there may be reasonable cause to expect the presence of any of
the cited elements.
15. Jesse B.Vance,Jr.is responsible for the analyses,conclusions,and opinions concerning real estate set forth in this report
No one else provided significant professional assistance to the signer of this report.
16. The Americans with Disabilities Act(ADA)became effective January 26, 1992. I have not made a specific compliance
survey and analysis of this property to determine whether or not is it in conformity with the various detailed requirements
of the ADA. It is possible that a compliance survey of the property would reveal that the property is not in compliance
with one or more of the requirements of the Act,which could reduce property value. I recommend an architect or other
qualified professional make a compliance survey.
17. Prospective value estimates are based on current conditions and trends. The appraiser cannot be held responsible for
unforeseeable events that might alter market conditions upon which market value is based
18. The appraiser certifies that he has the knowledge and experience required to perform this appraisal assignment.
19. The appraiser reserves the right to amend or change this report at any time relevant,verified additional market information
is obtained which would significantly affect the value opinion on the date of valuation.
. GiMCP,
September 17,2007
Jesse B.Vance,Jr.,NM SRA,ASA j _ Date
Florida State-Certified General Real Estate Appraiser No.#RZ-85
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50 . --.#\
ADDENDA
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ARTICLE=II. OPEN SPACE AND PUBLIC RECREATION DISTRICTS Page 1 of 3 5:23:28 PM
Sec. 39-383. Permitted uses.
Permitted uses in all Open Space and Public Recreation Districts shall be limited to those uses
specified in the Master Use List. Any use not specifically, or by inference, listed herein shall be determined by
the Zoning Official to be permitted in the zoning district specifying the most similar use thereto. All uses shall
be subject to section 39-389, "Limitations of uses." Specific subsection references are included in the
following Master Use List.
TABLE INSET:
P = Permitted C = Conditional Use A=Accessory Use Only
TABLE INSET:
Use S-1 S-2
Archery range [see section 39-389(a)] P
Boating P P
Botanical garden P P
Bridle, foot or bicycle path P P
Country club[see section 39-389(b)] P P
Essential services P P
Fishing pier or dock P P
Golf course P P
Golf driving range [see section 39-389(c)] P
Miniature golf P
Nature trail P P
Nonprofit neighborhood social and recreational facilities[see section 39-389 P
(d)
Outdoor Events [see section 39-238] C C
Park, public or private P P
Picnic area P P
Playground (children's) P P
Restaurant[see section 39-389(e)] A
Swimming [see section 39-389(f)] P P
Tennis court[see section 39-389(g)] P
Water area (lake, pond) P P
Water sports P P
Wireless communication facilities (see section 39-102) P P
(Ord. No. 2000-29, § 1, 6-13-00)
Sec. 39-384. Prohibited uses.
Any use not specifically, or by inference, listed in the Master Use List shall be prohibited.
(Ord. No. 2000-29, § 1, 6-13-00)
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ARTICLE XXIII. OPEN SPACE AND PUBLIC RECREATION DISTRICTS Page 2 of 3 5:23:28 PM
Sec. 39-385. Plot size.
Unless otherwise specified in section 39-389, "Accessory uses and structures,"the minimum plot size
in S-1 and S-2 districts shall be ten thousand (10,000)square feet in net area.
(Ord. No. 2000-29, § 1, 6-13-00)
Sec. 39-386. Plot coverage.
Unless otherwise specified in section 39-389, "Accessory uses and structures," the maximum plot
coverage by buildings or other roofed structures on any plot in an S-1 or S-2 district shall be two percent
(2%)•
(Ord. No. 2000-29, § 1, 6-13-00)
Sec. 39-387. Height.
(a) No building shall be erected to a height exceeding two stories.
(b) No structure shall exceed twenty(20)feet in height above the established grade, except wireless
communication facilities as permitted In section 39-102 of this Code, or as permitted in section 39-
103, "Exclusions from height limits."
(Ord. No. 2000-29, § 1, 6-13-00)
i
Sec. 39-388. Yards and setbacks.
(a) No off-street parking facility shall be located within twenty-five (25) feet of any contiguous
residentially-zoned plot in separate ownership.
(b) No structures, except permitted fences or walls, shall be located within thirty (30) feet of any
contiguous residentially-zoned plot nor within fifty(50)feet of any street line.
(Ord. No. 2000-29, § 1, 6-13-00)
i
Sec. 39-389. Accessory uses and structures.
(a) Archery ranges. Target areas for archery ranges shall be at least one hundred fifty (150) feet
from any residentially-zoned plot and shall provide barriers sufficient to preclude any intrusion of such
activities upon adjacent properties.
(b) Country clubs. Country club facilities may include restaurants, lounges and meeting rooms for
the use of members. Country clubs associated with golf courses may also include retail stores for the
sale of golf equipment and locker rooms. The aggregate floor area of all such accessory uses shall
not exceed two percent(2%) of the net area of the plot.
(c) Golf driving ranges. Golf driving ranges shall be a minimum of five hundred feet (500) feet from
any residentially-zoned plot.
(d) Nonprofit neighborhood social and recreational facilities. Nonprofit neighborhood social and
recreational facilities located on plots less than five acres may increase the maximum plot coverage
by buildings and roofed structures to a maximum of forty percent(40%).
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ARTICLE XXIII. OPEN SPACE AND PUBLIC RECREATION DISTRICTS Page 3 of 3 5:23:28 PM
(e) Restaurants. Fast food or full service restaurants shall be permitted only as an accessory use to
country clubs and golf courses.
(f) Swimming.
(1) Swimming pools shall be enclosed with a fence or wall a minimum of five (5)feet in height
above the ground, measured from the outside of the fence. Fences or walls shall be of such a
design and material as will prevent unauthorized access to the pool area. All gates must be
equipped with self-closing, self-latching mechanisms.
(2) Public swimming areas in lakes or other such water bodies shall be provided with
lifeguards during all hours swimming is permitted. Signs, six (6) square feet in sign area and
four (4)feet in height shall be posted at two hundred (200) foot intervals around the perimeter
of.any open swimming area in a lake or other such water body, indicating that swimming is
permitted only during such time as a lifeguard is on duty.
(Ord. No. 2000-29, § 1, 6-13-00)
Secs. 39-390--39-399. Reserved.
i
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2006 USPAP STANDARDS RULE 2-2 page 1 of 2
(b) The content of a SUMMARY APPRAISAL REPORT must be consistent with the intended use of the
appraisal and,at a minimum:
Comment: The essential difference between the Self-Contained Appraisal Report and the Summary
Appraisal Report is the level of detail of presentation.
(i) state the identity of the client and any intended users, by name or type;
(11) state the intended use of the appraisal;
(iii) summarize information sufficient to identify the real estate involved in the appraisal, including the
physical and economic property characteristics relevant to the assignment;
(iv) state the real property interest appraised;
i
I
(v) state the type and definition of value and cite the source of the definition;
When reporting an opinion of market value, state whether the opinion of value is:
■ in terms of cash or of financing terms equivalent to cash, or
■ based on non-market financing or financing with unusual conditions or incentives.
(VI) state the effective date of the appraisal and the date of the report;
(vii) summarize sufficient information!to disclose to the client and any intended users of the appraisal
the scope of work used to develop the appraisal;
(vlll) summarize the information analyzed, the appraisal methods and techniques employed, and the
reasoning that supports the analyses, opinions, and conclusions; exclusion of the sales
comparison approach,cost approach,or income approach must be explained;
The appraiser must provide sufficient information to enable the client and intended users to understand the
rationale for the opinions and conclusions, including reconciliation of the data and approaches, in
accordance with Standards Rule 1-66.
When reporting an opinion of market value, a summary of the results of analyzing the subject sales,
options, and listings in accordance with Standards Rule 11-55 is required. If such information is
unobtainable, a statement on the efforts undertaken by the appraiser to obtain the information is required.
If such information is irrelevant, a statement acknowledging the existence of the information and citing its
lack of relevance is required. j
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Page 2 of 2
(Ix) state the use of the real estate' existing as of the date of value and the use of the real estate
reflected in the appraisal; and, when an opinion of highest and best use was developed by the
appraiser,summarize the support and rationale for that opinion;
(x) clearly and conspicuously:
■ state all extraordinary assumptions and hypothetical conditions;and
■ state that their use might have affected the assignment results;and
(xi) include a signed certification in accordance with Standards Rule 2=3.
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Page 1 of 4
PROFESSIONAL QUALIFICATIONS-JESSE B.VANCE.JK
A)PROFESSIONAL DESIGNATIONSMEGREESUC ENSES&CERTIFICATIONS
MAI DESIGNATION - APPRAISAL iNsnTUTFJLife member No.8781
SRA DESIGNATION -APPRAISAL INSTflj7M ife Member No.9781
ASA DESIGNATION - AMERICAN SOCIETY OF APPRAISERS(RE)#003439
MBA DEGREE - REAL ESTATE MANAGEAENT AND DEVELOPMENT
FLORIDA STATE-CERTIFIED GENERAL REAL ESTATE APPRAISERNO,R7,85
FLORIDA STATE LICENSED REAL ESTATE BROKER NO.BK 0091050
B)EDUCATIONAL BACKGROUND-(Partial List)
BACHELOR OF ARTS- Earlham College,Richmond,Indiana(1954)
MBA(Nova University) - Real Estate Management&Development(National Dean's List 1991)
Course 1 (AIREA) - Basic Principles of Appraising
Course 2 (AIREA) - Urban Property Valuation(Inane)
Course 4 (AIREA) -Condemnation Appraising
Corse 6 (AIREA) - Income Capitalization&Analysis
Course 101(SREA) - Inh oche ion to Appraising
Course 201(SREA) - Income ProPerty Valuation,Theory
Course 202(SREA) - Applied Income Property Valuation
Course 301(SREA) - Applications/Appraisal Analysis
Symposium (SREA) - Market Analysis,1979,Virginia
Symposium (SREA) - Market Analysis,1979,Arizona
Symposium (SREA) -Matiaet Analysis,1980,South Carolina
Symposium (SREA) -MariwtAnalysis,1981,Tennessee
Symposium (SREA) - Market Analysis,1982,Neer Me)dco
Symposium (SREA) - Market Analysis,1983,Pennsylvania
Symposhmr (SREA) - Market Analysis,1984,Georgia
Symposium (SREA) Market Analysis,1985,Vancouver).C.
Symposium (SREA) - Market Analysis,1986,New Jersey
Clinic (SREA) -#2011nsuwar,1987,U.of Illinois
Clinic (SREA) -#201 Inshuctor,1988,Illinois
Seminar (SREA) - Professional Practice,1988;Fk rida
Symposium(SREA) - Market Ana1ysis,1988,Califamia
Symposium(SREA) - Market Analysis,1989,Minnesota
MBA Graduate Sebool Courses: 1990—1991
SuccessMy pWWjd&d the following a whuft school courses:
- IT of'Red Estate Development"
- „Real Properties „
- "Legal Issues In Real Estate"
- "Market Analysis and Site Selection!'
- "Organizational Behavior&Development"
- "Human R.esomce Management" j
- 'Real Estate Economics"
- 'Real Estate Finance:Tngtrunentc,Institi>tions&Investment Analysis"
- "Urban Itdrashtichue&Environmental Analysis"
- "Real Estate Aceoumting"
- "Marketing management for Real Estate"
- "Commercial Real Estate Lending"
- "Construction Terlmology and the Building Development Process"
SEMINAR (AI) - Cost Approach(1992Bostan)
SEMINAR (AI) - Rates&Ratios(1992Boston)
SEMI KAR(AI) - International Appraising(1992/Boston)
SEMINAR (Al) - Litigation Vahuation/Mock Trial(1993)
SEMINAR (Al) -ADA ACT(1993/Reno)'.
SEMINAR (AI) - Hotel Valuation(1993)
SEMINAR (AI) - Income Capitalization,Methods(1993).
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Page 2 of 4
PROFESSIONAL QUALIFICATIONS—JESSE B.VANCE,JR.
SEMINAR (Al) - Powerlines/Electromagnedc Radiation(1994)
SEMINAR (AI) - Verifying Market Data(1994)
SEMINAR (Al) - Market Studies for Appraisals(1994)
SEMINAR (Al) - Florida Appraiser Core Law(USPAP/1994)
SEMINAR (AI) - Limited Appraisals&Reports(USPAP/1994)
SEMINAR (AI) - Public Safety&Properly Values(1995)
SEMINAR (AI) - Outparcel Valuation(1995)
SEMINAR(AI) - Computer Technology Video Conference(1995)
SEMINAR(AI) - The Internet&the Appraiser(1996)
SEMINAR(AI) - Florida Commercial Construction(1996)
SEMINAR(AI) - 1996 Data Exchange(1996)
SMVRNAR(AI) - Real Property Rights in Florida(1996)
COURSE (AI) - USPAP&Florida Real Estate Core Law(1996)
SEMINAR(Al) - Valuation of Trees(1997)
3-DAY COURSE - Eavamnental Pemrittmg/Mitigatian/Mitigation BwkingtComatninafim Risk Management Uabrlity/Wetlands/
Hazardous Wastes/I.euder Liability(1997/Mum Beach FL)
SEMINAR(Al) -Valuation of Transferable Development Rigbts[TDWs](1997)
COURSE (Ai) - Standards of Professional Practice,Part C,15 hour Course M30(1997)
SEMINAR(An - Non-Conforming Uses(1998)
SEMINAR(AI) - The Impact of Contamination on Real Estate Value(1998)
COURSE (Al) -USPAP&Florida Real Estate Core Law(1998)
SEMINAR(AI) - Economchics/Statistical Valuaation Methods(1999)
SEMINAR(Al) - GlobaliMbOn of Real Estate/What U.S.Appraisers Need to Know(1999)
SEMINAR(Al) - The Role of the Appraiser in Alternative Dispute Resolution(Mediation/Arbitration)(1999)
SEMINAR(Al) - Technology Forum Part II/Irutermediate(1999)
SEMINAR(Al) - Client Satisfaction/Reteotion/Development(1999)
SEMINAR(Al) - Attacldng and Defending an Appraisal(1999)
SEMINAR(Al) - Federal Appraisal Requiremalk("Yellow Book' (2000)
SEMINAR(AI) - Regression Analysis m Appraisal Practice:Concepts&Applications(2000)
SEMINAR(AI) -Analyzing Income Pro&cang Properties(2000)
SEMINAR(ATIF) -1031 Tax Deferred Exchanges(2000)
COURSE (AI) -USPAP&Florida Real Estate Care Law(2000)
SEMINAR(Al) - Mediation&Alternate Dispute Resolution Seminar(2001)
SEMINAR(AI) - State of the Appraisal Profession(2001)
2-Day SEMINAR - Emmm Domain,by CLE International,Tampa,Florida(2001)
SEMINAR(Al) -Ad Valorem Assessment Process in Florida(2002)
SEMINAR(AI) -Role of Real Estate Appraisers in Bankruptcy Proceedings(2002)
SEMINAR(AI) -Appraisers&the Gramm—Imch-Bliley Federal Privacy Act(2002)
SEMINAR(AI) -How to Appraise the Ugly House(2002)
COURSE(Al) -2-Day Course#430,Standards of Professional Practice,Part C(2002)
SEMINAR(Al) -Market Trends for 2003(2003)
SEMINAR(Al) -Update on Code of Professional Ethics(2003)
PANEL(AI) -Moderator"Industry,Consumer&Congressional Views on Predatory Lending"D.C.(2003)
SEMINAR(AI) -Florida State Law for Real Estate Appraisers(2003)
SEMINAR(An -Appraisal Agreements(2003)
SEMINAR(AI) -Analysing Distressed Real Estate(2004)
SEMINAR(AI) -Valuation for Financial Reporting Purposes(2004)
SEMINAR(Al) -7 Hour National USPAP Update Course#1400(2004)
SEMINAR(AI) -Inverse Condemnation(2004)
SEMINAR(Al) -Appraiser Independence in the Loan Process(2004)
SUMMIT (AI) -Moderator at 2-day Appraisal Summit in Washingtoo,D.C.(12/2004)
SEMINAR(AI) -Loss Prevention Program for Real Estate Appraisers(2005)
SEMINAR(An -Valuation of Wetlands(7/2005)
SEMINAR(AI) -Tri-County Residential Symposium(9/2005)
SEMINAR(AI) -"Cool Tools"bAernet Resources and Use for Valuation(22006)
SEMINAR(AI) -FREAB 7-Hors National USPAP Update(52006)
SEMINAR(AI) -FREAB 3-Hour Florida State Law for Real Estate Appraisers(52006)
SEMINAR(AI) -USPAP Scope of Work&New Requirements(8/2006)
SEMINAR(AI) -USPAP Reappraising,Readdressing&Reassigning Appraisal Reports(22007)
SEMINAR(AI) -AI-100 Sumanary Appraisal.Report/Residential(4/07)
COURSE(Fla) -14-Hour Continuing Education(including 3-Hour Florida Core Law)(7/200-1)
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PROFESSIONAL QUALIFICATIONS-JESSE B.VANCE.JR Page 3 of 4
Q QUALIFIED AS AN EXPERT WITNESS IN REAL ESTATE VALUATION
1.U.S.Court of Appeals,Eleventh Circuit
2.U.S.District Court,Southern District of South Florida
3.U.S.District Court,New Jersey
4.U.S.Bankruptcy Court,Southern District of Florida
5.U.S.Banknrptcy Court,District ofNew Jersey
6.Florida Circuit Courts:Broward,Dade,Patin Beach,Lee,Collier,Martin,and Okeechobee Counties
7.Appraiser on landmark eminent domain cases:TESSLER,NESS TRAILER PARK,PATEL,SIMPSON v.
FILLICHIO,RUBANO,PALM BEACH COUNTY(FL)vs.COVE CLUB INVESTORS,LTD.
D)EXPERIENCE Over thirty-five(35)years appraising and analyzing real property in twests in South Florida. Partial list:
RESIDENCES, RESTAURANTS/BARS, APARTMENT BUILDINGS, OFFICE BUILDINGS HOTELS/MOTELS, CHURCHES,
CONDOMINIUMS/COOPS, HOSPITALS & NURSING HOMES, VACANT LAND, GOLF COURSES, GOLF CLUBS, GASOLINE
SERVICE STATIONS,MARINAS,TRAILER PARKS,SHOPPING CENTERS,BANKS11HRIFT INSTITUTIONS,BOWLING ALLEYS,
P.U.D.'S, INDUSTRIAL BUILDINGS, TIME-SHARE DEVELOPMENTS, ROCK PITS, AGRICULTURAL PROPERTIES, WATER
MANAGE1v1ENT DISTRICT,MARKETABILITY,FEASIBILITY ANALYSES,INVESTMENT ANALYSES,AUTO SALES FACILITIES,
LEASE VALUATIONS,TAX&ASSESSMENT APPEALS,CONDEMNATION,EXPERT WITNESS(Member National Forensic Center),
BUSINESS ENTERPRISE VALUATIONS (BEV), AVIGATION & CLEARANCE EASEMENTS, ESTATES, DIVORCES,
PLANNING&AND USE STUDIES,HIGHEST&BEST USE ANALYSES,DEPRECIATION ANALYSES,COMPONENT APPRAISALS,
ENVIRONMENTALLY SENSITIVE LAND, CONTAMINATED PROPERTIES, SUGARCANE & TURFGRASS LAND, DAY CARE
CENTERS,SELF-STORAGE FACILITIES,FUNERAL HOMES,ANIMAL HOSPITALS.
E)PARTIAL LIST OF CLIENTS
PRIVATE INDIVIDUALS AND CORPORATIONS,ATTORNEYS,ACCOUNTANTS,TRUST DEPARTMENTS,COMMERCIAL
BANKS: First Union/Wachovia;BankAtlant ic;Mellon National Bank; Union Bank of Florida,American National Bank;Landmark Bank;City
National Bank;BankUnited;Gateway American Bank,SAVINGS&LOANS,INSURANCE COMPANIES,REAL ESTATE INVESTMENT
TRUSTS,&REAL ESTATE TRANSFER COMPANIES,TITLE INSURANCE COMPANIES;FLORIDA CITIES: FORT
LAUDERDALE,BOCA RATON,DEERRELD BEACH,OAKLAND PARK WILTON MANORS,HOLLYWOOD,WEST PALM BEACH,
DELRAY BEACH,HAi LANDALE,OAKLAND PARK,PEMBROKE PINES.FLORIDA COUNTIES:BROWARD,PALM BEACH,
COLLIER,OKEECHOBEE,BROWARD COUNTY BOARD OF COUNTY COMMISSIONERS;OKEECHOBEE BOARD OF COUNTY
COMMISSIONERS
STATE OF FLORIDA DEPARTMENT OF TRANSPORTATION(DOT); STATE OF FLORIDA DIVISION OF GENERAL
SERVICES(GSA); N.BROWARD GENERAL HOSPITAL DISTRICT;
STATE OF FLORIDA DEPARTMENT OF ENVIRONMENTAL PROTECTION(Approved List)
U.S.TREASURY DEPARTMENT(General Counsel,I.R.S.);U.S.MARSHAL'S SERVICE—U.S.Dept of Justice
U.S.ATTORNEY'S OFFICE CENTRAL DIVISION—U.S.Dept of Justice
F)APPRAISAL TEACHING EXPERIENCE
Licensed by the Florida Department of Education to Teach(Certificate No.275236). Authored and taught Residential and Commercial Real
Estate Appraisal Courses for Broward County Adult Education Program Taught Course 101-Society of Real Estate Appraisers.Taught Course
201-Society of Real Estate Appraisers.Taught Appraisal Sears-Board of Realtors,ASA,SREA,and Al(Appraisal Institute).Adjunct
Professor,University of Florida Division of Continuing Education: (taught Course 2,"Real Estate Principles and Practices"to prospective Florida
Real Estate Brokers).
G)PROFESSIONAL OFFICES HELD
PRESIDENT - BROWARD COUNTY,SOCIETY OF REAL ESTATE APPRAISERS
PRESIDENT - BROWARD COUNTY,AMERICAN SOCIETY OF APPRAISERS
CHAIR - FLA.STATE GOVERNMENT RELATIONS SUBCOMMITTEE OF AI
CHAIR - FLA.STATE LEGISLATION®ULATION SUBCOMIZTTEE OF AI
CHAIR - REGION X(FLORIDA)APAAC COMMITTEE OF Al
CHAIR - FLORIDA REALTORS COMMITTEE ON COMMITTEE REFORMS
CHAIR - EDUCATION COMMITTEE,FT.LAUDERDALE CHAPTER AI
CHAIR - EXAMINATION COMMITTEE,FT.LAUDERDALE CHAPTER Al
CHAIR - CANDIDATES GUIDANCE COMMITTEE,FT.LAUDERDALE CHAPTER AI
VICE CHAIR/MEMBER - NATIONAL GOVERNMENT RELATIONS COMMITTEE OF Al
MEMBER - NATIONAL LONG RANGE PLANNING COMMITTEE OF Al
MEMBER - . NATIONAL PUBLIC AFFAIRS COMMITTEE OF AI
DIRECTOR - REGION X(Florida)Appraisal Institute
FINANCE DIRECTOR - REGION X(Florida)Appraisal histimrte 2006
NATIONAL BOD - BOARD OF DIRECTORS of APPRAISAL INSTITUTE (2007&2008)
CHAIR - REGION X-Florida-Appraisal Institute(2008)
VICE CHAIR - REGION X-Florida -Appraisal Institrte(2007)
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Page 4 of 4
PROFESSIONAL QUALIFICATIONS—JESSE B.VANCE,JR.
G]PROFESSIONAL OFFICES HELD
REGIONAL REP. - REGION X(FLORIDA)for South Florida Chapter cf AI
MEMBER - REGION X(FLORIDA)ETHICS AND COUNSELING PANEL
MEMBER - Al VALUATION IN GOVERNMENT SECTOR SIG
DIRECTOR - BROWARD COUNTY SOCIETY OF REAL ESTATE APPRAISERS
DIRECTOR - SOUTH FLORIDA CHAPTERAMERICAN SOCIETY OF APPRAISERS
SCR EE NRR - NATIONAL EXPERENCE REVIEW PANEL MEMBER OF AI
SPECIAL MASTER - BROWARD COUNTY BOARD OF TAX ADJUSTMENT
COMMISSIONER - 17TH JUDICIAL CIRCUIT COURT,Broward County,FL
H)PROFESSIONAL PUBLICATIONS&PRESENTATIONS
1) Wrote and taught a basic Residential Appraisal Course for the Browa d Canty Adult Education Div.of the Dept of Education;
2) Wrote and taught an Income Appraisal Course for the Broward Canty Adult Education Division of the Department of Education;
3) Co-authored and tmight an appraisal course on Mortgag EcNrty Capita&afim for the American Society of Appraisers.
4) Authored and taught a Florida State and Appraisal Institute 3-hour aamadited course in"The Legislation,Regulation and Appraisal of Real
Property Rights in Florida September 7,1996.
5) Presentation on"Gramm-Leach-BlriW'Federal Privacy Act of 1999 for South Florida Chapter of American Sorely of Appraisers on October
24,2001.
6) Presented 3-hour Florida CEU-credit seminar on"Appraisers and the Gramm-Leach-Bliley Act'before the South Florida Chapter of the
Appraisal Institute on July 27,2002.
7) Presenter at 6.5 Hour CLE-credit Attorney Seminar an Florida Fmineat Domain,"Valuation and Damage Issues" February 2,2006,Fort
Lauderdale,Florida
A CIVIC INVOLVEMENT
MEMBER OF ROTARY INTERNATIONAL/PAUL HARRIS FELLOW
MEMBER OF THE GREATER FORT LAUDERDALE OPERA GUILD
MEMBER FLORIDA PHILHARMONIC BROWARD TRUSTEES
MEMBER OF THE BROWARD COUNTY LIBRARY SUPPORT GROUP("BYBLOS'�
MEMBER CIRCLE OF FRIENDS—NOVA SOUTHEASTERN LIBRARY FOUNDATION
MEMBERNOVA SOUTHEASTERN UNIVERSITY ALUMNI ASSOCIATION
MEMBER OF THE FORT LAUDERDALE HISTORICAL SOCIETY
MEMBER OF THE BROWARD COUNTY MUSEUM OF THE ARTS
MEMBER OF THE FORT LAUDERDALE/BROWARD COUNTY CHAMBER OF COMMERCE
MEMBER OF THE BETTER BUSINESS BUREAU OF SOUTH FLORIDA
LIFETIME HONORARY MEMBER FLORIDA SHERIFF'S ASSOCIATION
MEMBER NATIONAL&FT.LAUDERDALE COUNCIL U.S.NAVY LEAGUE
U.S.ARMY VETERAN WWII(RA 17212681) HONORABLE DISCHARGE 1949
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