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<br />QUINLJrV A.i..~ APPP,.A[SAL <br />., PROFESSIONAL .:..sSOCrA TIOi\' <br /> <br />REAL ESTATE APPRAISERS 8.: CON"SULTA...'I"TS <br />5730 S.'''. 74TH STREET, SCTTE 300 <br />SOUTH i>lLu.n. FLORIDA 8314.3 <br /> <br />J. .t-'fARK QTJINLIVA..",. lVI.Al <br />STATE-CERTlrIED GI!NERAL l\..PPR.USI:H'S <br />RZ 0000112 <br /> <br />TELEPHONE (.305) fl60-fiGll <br />FAX (:30;:;) 665-4821 <br /> <br />THo;VL~s F. J'o-L~GEYHEL"rER. [viAl <br /> <br />ST.\TE~CER"frI"IEn GESERA.L ~\.PPRAJscn~ <br /> <br />HZ 00005.;:) <br /> <br />October 21, 2005 <br /> <br />Jorge Vera, Zoning Administrator <br />City of Sunny Isles Beach <br />18070 Collins Avenue <br />Sunny Isles Beach, FL 33160 <br /> <br />Dear Mr. Vera: <br /> <br />In accordance with your request and authorization, I have prepared this Appraisal Report covering <br />the following described property: <br /> <br />Multi-family zoned land parcel containing 49,830 square feet located <br />at 19505 Collins Avenue, Sunny Isles Beach, Florida <br /> <br />The purpose of this Appraisal is to estimate the Market Value of the described property as of October <br />18,2005, being one of the dates of personal inspection. <br /> <br />The narrative Appraisal Report that follows sets forth the identification of the property, the <br />assumptions and limiting conditions, pertinent facts about the area and the subject property, <br />comparable data, the results of the investigations and analyses, and the reasoning leading to the <br />conclusions set forth. <br />