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<br />- <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />~ <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />, <br /> <br />Christopher J. Russo, City Manager <br />March 3, 2005 <br />Page 2 <br /> <br />Based on the inspection of the property and the investigation and analyses undertaken, I have fonned <br />the opinion that, as of February 24,2005, the subject property had a Market Value of: <br /> <br />ONE HUNDRED THREE MILLION FIVE HUNDRED THOUSAND DOLLARS <br /> <br />($103,500,000) <br /> <br /> <br />y <br /> <br />JMQ/jb <br />(05-028) <br />