Sce&G Easement Exhibit for Tract 64

COUNTY COUNCIL OF BEAUFORT COUNTY ADMINISTRATION BUILDING BEAUFORT COUNTY GOVERNMENT ROBERT SMALLS COMPLEX 100 RIBAUT ROAD POST OFFICE DRAWER 1228

BEAUFORT, SOUTH CAROLINA 29901-1228 D. PAUL SOMMERVILLE TELEPHONE: (843) 255-2000 GARY T. KUBIC COUNTY ADMINISTRATOR CHAIRMAN FAX: (843) 255-9401 ______

GERALD W. STEWART www.bcgov.net JOSHUA A. GRUBER VICE CHAIRMAN DEPUTY COUNTY ADMINISTRATOR SPECIAL COUNSEL COUNCIL MEMBERS ______AGENDA THOMAS J. KEAVENY, II CYNTHIA M. BENSCH COUNTY ATTORNEY PUBLIC FACILITIES COMMITTEE ______RICK CAPORALE GERALD DAWSON Monday, August 15, 2016 SUZANNE M. RAINEY BRIAN E. FLEWELLING CLERK TO COUNCIL STEVEN G. FOBES 4:00 p.m. ALICE G. HOWARD Executive Conference Room, Administration Building WILLIAM L. MCBRIDE STEWART H. RODMAN Beaufort County Government Robert Smalls Complex ROBERTS “TABOR” VAUX 100 Ribaut Road, Beaufort

Committee Members: Staff Support: Gerald Dawson, Chairman Colin Kinton, Division Director Roberts “Tabor” Vaux, Vice Chairman Transportation Engineering Cynthia Bensch Eric Larson, Division Director Rick Caporale Environmental Engineering Steve Fobes Robert McFee, Division Director Alice Howard Facilities and Construction Engineering William McBride

1. CALL TO ORDER – 4:00 P.M.

2. CONSIDERATION OF CONTRACT AWARD A. Human Services Building Brick Veneer Repair and Change Order Request with WTI (backup)

3. AN ORDINANCE AUTHORIZING THE EXECUTION AND DELIVERY OF UTILITY EASEMENTS ENCUMBERING PROPERTY OWNED BY BEAUFORT COUNTY (SCE&G REQUEST FOR THREE UTILITY EASEMENTS AT BEAUFORT COUNTY GOVERNMENT ROBERT SMALLS COMPLEX) (backup)

4. ACCEPTANCE OF AN EASEMENT AGREEMENT FOR SEGMENT 7 (ROSEIDA ROAD TO CLARENDON ROAD) OF THE SPANISH MOSS TRAIL (TO SAFELY CONDUCT TRAIL USERS THROUGH U.S. HIGHWAY 21 AND LAUREL BAY ROAD (S-7-116) INTERSECTION) (backup)

5. DISCUSSION AND COMMITTEE VOTE / STORM DEBRIS REMOVAL AND DISPOSAL MEMORANDUM OF UNDERSTANDING WITH SCDOT (backup)

6. DISCUSSION AND COMMITTEE VOTE / AN ORDINANCE OF COUNTY OF BEAUFORT, SOUTH CAROLINA AMENDING CERTAIN SECTIONS UNDER BEAUFORT COUNTY CODE, CHAPTER 22, CIVIL EMERGENCIES, ARTICLE IV, DISASTER RECOVERY AND RECONSTRUCTION (backup)

7. DISCUSSION ONLY / DISASTER RECOVERY PLAN UPDATE (backup)

Agenda – Public Facilities Committee August 15, 2016 Page 2

8. CONSIDERATION OF REAPPOINTMENTS AND APPOINTMENTS A. County Transportation Committee B. Solid Waste and Recycling Board

9. ADJOURNMENT

2016 Strategic Plan Committee Assignments Solid Waste Curbside Pick Up / Recycling / Convenience Centers / Landfill Ditch Maintenance and Drainage Policy Detention Center Study Windmill Harbour Entrance Solution Bridge Replacement Plan (Hilton Head Island) Daufuskie Island Public Improvements County Facilities Condition Assessment Plan Sidewalks / Biking in Rural Areas Plan and Funding BEAUFORT COUNTY FACILITY MANAGEMENT 120 Shanklin Road Beaufort, South Carolina 29906 Voice (843) 255-2748 Facsimile (843) 255-9448

TO: Councilman Gerald Dawson, Chairman, Public Facilities Committee

FROM: Mark Roseneau, Director of Facility Management ~

SUBJ: HUMAN SERVICES BUILDING BRICK VENEER REPAIR AND CHANGE ORDER REQUEST WITH WTI

DATE: August 9, 2016

BACKGROUND: The Human Services Building is experiencing water/moisture intrusion through the brick veneer on the north elevation of the building. The moisture is causing damage and failure of the interior insulation and to the gypsum wallboard. During periods of rain the north elevation of the building is not exposed to sunlight and is continually damp or wet. This condition or lack of drying after periods of rain over the years has caused the premature failure of the brick mortar. The repair involves the replacement of brick mortar in an area of approximately 3,300 s.f. The repainting will be followed by an application of concrete and brick sealant to prevent moisture intrusion.

Weatherproofing Technologies, Inc., (WTI) of Beachwood, Ohio is nearing completion of the $1 .8 million re-roofing project for Beaufort County. In order to save time and money staff is requesting a change order to their current contract since they specialize in building weatherproofing/waterproofing projects and have provided a fair and reasonable price of $179,967 for the repair. The change order request is not over ten percent of the contract original award and is in line with our County Procurement Code.

a~ FUNDING: 40090011-54420, 2014A General Obligation Bonds, Renovation Existing .:f.' ' Buildings

ACTION: Public Facilities Committee Meeting on August 15, 2016.

RECOMMENDATION: That the Public Facilities Committee approve and recommend to County Council the change order to the current contract with WTI, in the amount of $179,967 for the repair of the Human Services building brick veneer. c;.~~c__ CC: Gary Kubic, County Administrator It ~i Josh Gruber, Deputy County Administrat~r.Av_r: ~ Alicia Holland, ChiefFinancial Officer ~ . -:eJ... Robert McFee, Division Director for_<;,.t>nstruction Engineering and Faciliti Dave Thomas, Purchasing Director pr ORDINANCE 2016 /

AN ORDINANCE AUTHORIZING THE EXECUTION AND DELIVERY OF UTILITY EASEMENTS ENCUMBERING PROPERTY OWNED BY BEAUFORT COUNTY

WHEREAS, Beaufort County owns real property located on Ribaut Road, which is more particularly known as R120-003-000-0097-0000, located at the Beaufort County Government Robert Smalls Complex, 100 Ribaut Road, Beaufort, South Carolina; and

WHEREAS, South Carolina Electric and Gas (“SCE&G”) requests three (3) utility easements for Tract 64 from Beaufort County; and

WHEREAS, SCE&G seeks to place certain equipment underground at three (3) locations on the property identified as R120-003-000-0097-0000, which is part of the Boundary Street Redevelopment Project; and

WHEREAS, SCE&G has offered to pay $950.00 for 100 square feet, 5’ x 20’, located on the property identified as R120-003-000-0097-0000; and

WHEREAS, SCE&G has offered to pay $1,900.00 for 200 square feet, 10’ x 20’, located on the property identified as R120-003-000-0097-0000; and

WHEREAS, SCE&G has offered to pay $240.00 for 25 square feet, 5’ x 5’, located on the property identified as R120-003-000-0097-0000; and

WHEREAS, Beaufort County Council has determined that it is in its best interest to authorize the execution and delivery of the requested three (3) utility easements attached hereto and incorporated by reference as “Exhibit A” respectively; and

WHEREAS, S.C. Code Ann. § 4-9-130 requires that the transfer of any interest in real property owned by the County must be authorized by the adoption of an ordinance by Beaufort County Council.

NOW, THEREFORE, BE IT ORDAINED BY BEAUFORT COUNTY COUNCIL, that the County Administrator is hereby authorized to execute any and all documents necessary to execute the delivery of three (3) utility easements which is attached hereto as “Exhibit A”.

Page 1 of 2

ADOPTED THIS _____ DAY OF ______, 2016.

COUNTY COUNCIL OF BEAUFORT COUNTY

BY:______D. Paul Sommerville, Chairman

APPROVED AS TO FORM:

______Thomas J. Keaveny, II, County Attorney

ATTEST:

______Suzanne M. Rainey, Clerk to Council

First Reading: Second Reading: Public Hearing: Third and Final Reading:

Page 2 of 2

Easement# 893869

INDENTURE. made this day of • 2016 by and between Beaufort County of the County of Beaufort and State of South Carolina. hereinafter called "Grantor"' (whether singular or plural). and the SOUTH CAROLINA ELECTRIC & GAS COMPANY, a South Carolina corporation, having its principal office in Cayce, South Carolina. hereinafter called "Grantee•·. WITNESSETH: That. in consideration ofthe sum of One Dollar ($1.00) received from Grantee. Grantor. being the owner of land situate in the County of Beaufort, State of South Carolina. hereby grants and conveys to Grantee. its successors and assigns, the right to construct. extend. replace, relocate, perpetually maintain and operate an underground electric line or lines consisting of any or all of the following: conductors, lightning protective wires. municipal. public or private communication lines. cables. conduits. pad mounted transformers. and other accessory apparatus and equipment deemed by Grantee to be necessary or desirable. upon, over, across, through and under land described as follows: a portion of a tract o f land containing 4.45 atres, more or less. and being the same lands conveyed to Grantor by deed of School District #J of the County of Beaufort. dated or recorded 4/11/1985, and fi led in the Register of Deeds office for Beaufort County in Dud Book 417 at Page 361.

This property is located at the southwest corner of the intersection of Boundary Street and Ribaut Road, being bounded on the north by Boundary Street; on the east by Ribaut Road; on the south by Duke Street; and on the west by lands N/F of Sixteen Gate Cemetery, LLC, and Wetlands.

The easement is for the SCE&G facilities more fully shown oo Exhibit "A'' and "B". attached hereto and made a part of as reference only.

TMS: Rl20 003 000 0097 0000

Together with the right from time to time to install on said line such additional lines. apparatus and equipment as Grantee may deem necessary or desirable and the right to remove said line or any part then:of. Together also with the right (but not the obligation) from time to time to trim underbrush. cut underbrush and other obstructions that are within. over. under or through a strip of land ('·Easement Space'') extending Five (5) teet on each side of uny underground wires and within. over, under or through a section of land extending Twelve ( 12) feet from the door side(s) of any pad mounted transformers. elbow cabinets. switchgears or other devices as they are installed ; provided. however. any damage to the property of Grantor (other than that caused by trimming, cutting or removing underbrush but not trees) caused by Grantee in maintaining or repairing said lines. shall be borne by Grantee: provided further. however. that Grantors agree for themselves, their successors and assigns. not to build or allow any structure to be placed on the premises in such a manner that any part thereof will exist within the applicable above specified Easement Space. and in case such structure is built. then Grantor. or such s uccessors and assigns as may be in possession and control of the premises at the time. will promptly remove the same upon demand of Grantee herein. Grantor further agrees to maintain minimum ground coverage of thirty six (36) inches and maximum ground coverage of fifty four (54) inches over all underground primary electric lines. Together also with the right of entry upon said lands of Grantor for all of the purposes aforesaid. The \Vords "Grantor" and "Grantee" shall include their heirs. executors. administratOrs. successors and assigns. as the case may be. IN WITNESS WHEREOF. Grantor has caused this indenture to be duly c:xecuted the day and year first above written. WITNESS:

Beaufort County

By: ______(SEAL) I" Witness

Print:______

2"d Witness Title: ------

RW-1-•:·SC ( R~'· · 4·20t0) Easement# 893869

ACKNOWLEDGMENT

STATE OF SOUTH CAROLINA ) ) COUNTY OF Beaufort )

The foregoing instrument was acknowledged before me, the undersigned Notary, and I do hereby certify that the within named , As of Beaufort County, personally appeared before me this day and that the above named acknowledged the due execution of the foregoing instrument.

Sworn to before me this ___ day of _____, 20 I 6

Signature ofNotary Public State ofSC

My commission expires: ------

Print Notary Name ------

EASEMENT GRANT TO SOUTH CAROLINA ELECTRIC & GAS COMPANY

Line: Boundary Street Project

County: Beaufort

RIW File Number: 19420

Grantor(s}: Beaufort County

Return to: SCE&G, C/0 Right of Way Dept., 81 May River Road, Bluffton, SC 29910

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I j I :.:: ,~-:-: I I ... \ I ~ - ~ ~· · ~ ....1 : \\ 'I' I... t I ·~·.. COUNTY COUNCIL OF BEAUFORT COUNTY BEAUFORT COUNTY ENGINEERING DEPARTMENT 104 Industrial Village Road, Building #3, Beaufort, SC 29906 Post Office Drawer 1228, Beaufort, SC 29901-1228 Telephone: 843-255-2700 Facsimile: 843-255-9420 TO: Councilman Gerald Dawson, Chairman, Public Facilities Committee

VIA: Gary Kubic, County Admini ~~ ~ Josh Gruber, Deputy County A inistr Tom Keaveny, County Attor

FROM: Robert McFee, PE, Division Director for Construction, Engineering & Facilities

SUBJ SCE&G Easement Request at the Beaufort County Government Robert S

DATE: July 29, 2016

BACKGROUND. SCE&G has requested that Beaufort County provide utility easements as part of the Boundary Street Redevelopment Project at 3 locations on Beaufort County property at the Robert Smalls County Government Complex, 100 Ribaut Road, Beaufort, SC (TMS# R 120 003 000 0097 0000).

Bundy Appraisal & Management, Inc., has provided a market value estimate for each of the three proposed SCE&G easements. The following summary is provided:

Easement# 1 contains I 00 square feet, 5 'x20', and is located near the intersection of Boundary Street and Ribaut Road. This easement was valued at $950.00 ($9.50 per sf) as of June 22, 2016.

Easement #2 contains 200 square feet, 1O'x20', and is also located near the intersection of Boundary Street and Ribaut Road. This easement was valued at $1 ,900.00 ($9.50 per sf) as of June 22, 2016.

Easement #3 contains 25 square feet, 5 'x5 ' , and is located near the Boundary Street - U.S. Highway 21 right of-way line. This easement was valued at $240.00 ($9.60 per sf) as of June 22, 2016.

The unadjusted square foot values for these 3 easements are in line with the actual price paid to Beaufort County by SCE&G in 2009 for an easement on the Government Complex site: $10.10 per sffor a I O'x 646.2' (6,462 sf) easement. The consideration for a second easement on the Sheriff's parking lot, also in 2009, was $8.53 per sf for a I O'x3 73.3' (3, 733 sf) easement.

Therefore, based on the appraisal information provided above, County Engineering staff considers that these appraisals are a reasonable market value for the SCE&G easements and County Council should grant these 3 easement requests from SCE&G for the appraisal value.

FOR ACTION. Public Facilities Committee Meeting on August 15 , 2016.

RECOMMENDATION. That the Public Facilities Committee approve and recommend that County Council proceed with granting the 3 easements requested by SCE&G on the County' s Robe1t Smalls Complex for the appraisal value noted above.

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Attachments: 1) Easement Location 2) Appraisals 3) SCE&G Easement Request \.,- -- :

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NOTE: SEE f.ASCMCNT DOCUMEN T FOR OCTAILS ON ODOR Cl EARANCf RESTlllcnONS SCE&G EASEMENT EXHIBIT FOR TRACT 64 SCALE: t• • ~o· 1.1 • •• .· EX HI BrT "B" ,___ .1 ---,-__,....].. ! I

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\ PRESENT 3 7. S' R!W \1 @ riLE 7.484 (/984) SCOOT \ 8[AUFORT COUNTY ~ R 120 OOJ 000 0097

SOUTH CAROLINA ELECTRIC & (",AS COMPANY ELECTRIC DISTRIEIUTtON SYMBOlS jj·J: ._,,,.... ,1 !.! '"' ' .. i '\-· : l.~j L

l'll NOT£· S££ fASfMCNT DOCUM[ N r FOR Of rAIL) ON DOOR CLf ARANC£ RES TRICTIONS SCE&G EASEMENT EXHIBIT FOR TRACT 64 Easement# 893869

INDENTURE. made this day of , 2016 by and between Beaufort County of the County of Beaufort and State of South Carolina. hereinafter called "Grantor"' (whether si ngular or plural). and the SOUTH CAROLINA ELECTRIC & GAS COMPANY. a South Carolina corporation, having its principal office in Cayce, South Carolina. hereinafter called "Grantee'·. WITNESSETH: That, in consideration of the sum of One Dollar ($1.00) received from Grantee, Grantor. being the owner of land situate in the County of Beaufort, State of South Carolina, hereby grants and conveys to Grantee, its successors and assigns, the right to construct. extend. replace, relocate, perpetually maintain and operate an underground electric line or lines consisting of any or all of the following: conductors, lightning protective vvires. municipal. public or private communication lines. cables. conduits, pad mounted transformers, and other accessory apparatus and equipment deemed by Grantee to be necessary or desirable. upon, over, across, through and under land descr ibed as follows: a portion of a tract of land containing 4.45 acres, more or less, and being the same lands conveyed to Grantor by deed of School District # I of the County of Beaufort. dated or recorded 4/ 1111985, and filed in the Register of Deeds office for Beaufort County in Deed Book 417 at Page 361.

The easement is for the SCE&G facilities more fully shown on Exhibit "A" and " B", attached hereto and made a part of as reference only.

TMS: Rl20 003 000 0097 0000

Together with the right from time to time to insta ll on said line such additional lines, apparatus and equ ipment as Grantee may deem necessary or desirable and the ri ght to remove said line or any part thereof. Together also with the right (but not the obligation) from time to time to trim underbrush. cut underbrush and other obstructions that are within, over, under or through a strip of land ("Easement Space" ) extending Five (5) feet on each side of any underground w ires and within. over, under or through a section of land extending Twelve ( 12) feet from the door side(s) of any pad mounted transformers. elbow cabinets, switchgears or other devices as they are installed; provided. however. any damage to the property of Grantor (other than that caused by trimming. cutting or removing underbrush but not trees) caused by Grantee in maintaining or repairing said lines, shall be borne by Grantee: provided further. however, that Grantors agree for themselves. their successors and assigns, not to build or allow any structure to be placed on the premises in such a manner that any part thereof w ill exist w ithin the applicable above specified Easement Space. and in case such structure is built. then Grantor, or such successors and assigns as may be in possession and control of the premises at the time. w ill promptly remove the same upon demand of Grantee herein. Grantor further agrees to maintain minimum ground coverage of thirty six (36) inches and maximum ground coverage of fifty four (54) inches over all underground primary electric Jines. Together also with the right of entry upon said lands of Grantor for all of the purposes aforesaid. The words "Grantor'" and "Grantee·· shall include their heirs. executors. administrators, successors and assigns, as the case may be. IN WITNESS WHEREOF. G rantor has caused this indenture to be duly executed the day and year first above written. WITNESS:

Beaufort County

By: ______(SEAL) 1" Witness

Print:______

2"d Witness Title: ______

RW-4-E-SC (Rev. 4-2010) Easement # 893869

ACKNOWLEDGMENT

STATE OF SOUTH CAROLINA ) ) COUNTY OF Beaufort )

The foregoing instrument was acknowledged before me, the undersigned Notary, and I do hereby certify that the within named ______: As of Beaufort County, personally appeared before me this day and that the above named acknowledged the due execution of the foregoing instrument.

Sworn to before me this ___ day of ______, 20 J 6

Signature ofNotary Public State ofSC

My commission expires: ______

Print Notary Name ______

EASEMENT GRANT TO SOUTH CAROLINA ELECTRIC &GAS COMPANY

Line: Boundary Street Project

County: Beaufort

R/W File Number: 19420

Grantor(s): Beaufort County

Return to: SCE&G, C/0 Right of Way Dept. , 81 May River Road, Bluffton, SC 29910

RW-4-E-SC (Rev. 4-2010) File No. 116056A

SUMMARY APPRAISAL REPORT OF

THE PROPERTY LOCATED AT

Boundary St and Ribaut Rd

Beaufort, SC 29902

as of

June 22, 2016

for

City of Beaufort 1911 Boundary Street Beaufort, SC 29902

BUNDY APPRAISAL & MANAGEMENT, INC.

P O BOX 1225,1204 BOUNDARY STREET BEAUFORT, SC 29901 BUNDY APPRAISAL & MANAGEMENT, INC. P O BOX 1225,1204 BOUNDARY STREET BEAUFORT, SC 29901 843-524-2207

July 6, 2016

City of Beaufort 1911 Boundary Street Beaufort, SC 29902

Property - Boundary St and Ribaut Rd Beaufort, SC 29902 Client - City of Beaufort File No. - 116056A Case No. -

Dear Mr. Negron:

In accordance with your request, I have prepared an appraisal of the real property located at Boundary St and Ribaut Rd, Beaufort, SC.

The purpose of the appraisal is to provide an opinion of the market value of the property described in the body of this report. Before and after the acquisition of a permanent easement containing 100 square feet.

Enclosed, please find the report which describes certain data gathered during our investigation of the property. The methods of approach and reasoning in the valuation of the various physical and economic factors of the subject property are contained in this report.

An inspection of the property and a study of pertinent factors, including valuation trends and an analysis of neighborhood data, led the appraiser to the conclusion that the market value, as of June 22, 2016 prior to acquiring the easement is: $3,683,000.00. After acquiring the easement it is my opinion that the subject's market value will be: $3,682,050.00. A loss in value because of the easement of : $950.00.

The opinion of value expressed in this report is contingent upon the Limiting Conditions attached to this report.

It has been a pleasure to assist you. If I may be of further service to you in the future, please let me know.

Respectfully submitted,

BUNDY APPRAISAL & MANAGEMENT, INC.

Robert J. Bundy SC Certification #CG110 RECONCILIATION MARKET DATA ANALYSIS SITE NEIGHBORHOOD IDENTIFICATION located atthecornerofBoundary Street andRibautRoad.Itis "C", aportionofitislocatedinZone"B"and Favorable factorsincludethepresentsofschools,hous the Northby Beaufort River andBrickyard Creek,ontheEast by Beaufort River, ontheSouth by HermitageRoadandontheWest parking lot.Theareathattheproposaleasementwillbeplac renovated/repairing the building since acquiring it. *** See Additional Comments *** it.***SeeAdditionalComments renovated/repairing thebuildingsinceacquiring listing agentlittlevalue was appliedtothebuilding,asithassatvacant withnomaintenance forthepastseveral years. Th at thebeforeandaftervalue ofthesite.Comparable numberoneistheoldVonHarten Building, locatedatthecornerofCarte area oftheeasementdoesnotaffectutility ofthesitenor land and the asking price is $16.19 per square foot. Comparable foot.Comparable square is$16.19 per land andtheasking price comparable number onedoeshave astructureonit,disregarding the to thelocationof the proposedeasement,itismy opinion thatthesubjectwillbeimpacted by only 50percent. Asstatedin report. See additionalconditionsandcertificationsonthe followingpages. and afterthegrantingofa5footby 20footpermanenteasement,thecostandincomeapproachtovalue arenotapplicableand personal files.All informationwasverified wherepossible.Si 0.00012 100.000000 rc $ $ $ ASOF PROPERTY OFSUBJECT AS DEFINED, VALUE, MARKET THE ESTIMATE I $ Final Reconciliation: Comments andConditionsofAppraisal: $ $ Comments onMarketData: of Subject Net Adj.(Total) Site Area Site/View $ Location Time Adjustment Date ofSaleand $ Data Source Seenarrativeattachment. Price Sales Price Proximity toSubj. Seegridbelow. For theMarketDataAnalysis more favorablethan,the I properties. andcomparable the subject between variation significant of items to those reaction market reflecting adjustment, in these andhasconsidered subject to andproximate similar most properties of sales recent three hasrecited The undersigned ZipCode San. Sewe Other(specify) Wate Gas Presentuse Elec. EmploymentStability Highest andbestuse: Slow State Zoning Classification Dimensions Under25% Steady Comments includingthose fa 25%to75% County Rapid Over75% Growth Rate Built Up Occupant Legal Description City Property Address Owne rpryVle nraigSal elnn ConveniencetoShopping ConveniencetoSchools Over6Mos. OverSupply Declining 4-6Mos. InBalance Stable Under3Mos. Shortage Increasing Marketing Time Demand/Supply Property Values than, thesubjectproperty,aplus(+)adjustmentismade,thusincreasingindicatedvalueofsubject. mrvmnsNn osdrdOdBidn Nn None General Commercial R1200040097 General Commercial None R1200040071 General Commercial OldBuilding R120004 0734 BNSRD None Considered R1200030097 Improvements Dist.-Map-Parcel Zoning oainUbnSbra Rural Suburban Urban Location Concessions Sales orFinancing A IntendedUse: (yr.) Intended User: Client Actual Real Estate Taxes $ Sale Price $ ddress Comments (favorable or unfavorable including any apparent adverse easements, encroachments or other adverse conditions) adverse other or encroachments easements, adverse apparent any including unfavorable or (favorable Comments r r euotBafr SC Beaufort Beaufort TMSbetPoet OPRBEN.1CMAAL O COMPARABLE NO.3 COMPARABLENO.2 COMPARABLENO. 1 SubjectProperty ITEM Beaufort County aatRbr .BnyEstimatemarket RobertJ.Bundy Vacant r City ofBeaufort ulcOther(Describe) Public X X X X / N/A N/A See DeedBook417at iyo euotAcquisition ofapermanenteasement City ofBeaufort negon lc.&Tl ieakSre ihsI h rprylctdi U dniidSeilFodHzr ra oYes No IsthepropertylocatedinaHUDIdentifiedSpecialFloodHazardArea? StreetLights Sidewalk Underground Elect.&Tel. Beingatractorlotoflandcontaining5acres,more Fully Dev. 011125 1 1 1 60 Boundary StandRibautRd subject property,aminus(-)adjustment Boundary StreetRedevelopment District(BNSRD) igeFml rc ag o$PredominantValue$ to$ %Commercial %Condo Owne $ %Apts. Single FamilyPriceRange %2-4Fam Predominant Occupancy %1Family Present LandUse Single FamilyAge hnei rsn adUeNtLkl iey()TakingPlace(*) Likely(*) NotLikely Change inPresentLandUse / 62/05ListedForSale 804Boundary Street 06/22/2015 1010Boundary Street N/A Beaufort,SC29902 509CarteretStreet Beaufort, SC29902 Boundary StandRibautRd ra ra ra Urban Commercial Urban Commercial 0.25+-Acre Urban Commercial 4.45+-Acres Commercial/Marsh Urban A permanenteasementtypically hasanegative affectonvalue from 25to100percentdepending onthelocationofeasement. ECITO DESCRIPTION DESCRIPTION ctors, favorable X N/A The purposeofthisappraisalistoappraisethesubjectsite Indicated Value 0+70 200+ 0 50020000+350,000 2,000,000.+ 75,000 X X X X X Pg 6 4.45+-Acres Page361 N/A tetAcs:Pbi Private Public Surface Street Access: Date ofSale or unfavorable, nutil%Vcn % %Vacant % Industrial Information usedinthisappraisal wasobtainedfromBeaufort County publicrecords,thelocalM.L.S. and my A F IEIPOEET Topo OFF SITEIMPROVEMENTS r yrs. to ppraise X X * rmTo (*) From ismade,thusreduc affecting marketability(e.g 1.02 miles SE 0.71 miles E 0.86 milesE 0.86 Bft.Cnty.A 0.71milesE Bft.Cnty.Asses./MLS 1.02 milesSE r shl Irregular Asphalt aneac:Pbi Private Public Maintenance: X tr ee Curb/Gutter Storm Sewer lsMinus Plus X X X X es ofworship,majoremployment andshoppingcenters. $$ $$ r.PeoiatAeyrs. PredominantAge yrs. X X eat%Vacant Tenant Unimproved or less,andbeingthesamelands***SeeAdditionalComments ing theindicatedval is locatedinZone"A-8".AccordingtoF.E.M.A. F.I.R.M. 450026 BUNDY APPRAISAL & MANAGEMENT, INC. ed onisanarrowstripbetweenRibautRoadandtheparkinglot. the improvements onthesite.Theimprovements werenottaken X X nce thepurposeofthisappraisalreport istoestablishthem currently beingusedasBeaufort County government buildings, LAND APPRAISALREPORT CornerLot = number three sold for $19.56 *** See Additional Comments *** $19.56***SeeAdditional Comments soldfor three number Shape Size . public parks, schools,noise) $ rsn mrvmnsd donotconformtozoningregulations do Present improvements structure itsoldfor $29.84persquarefoot.Comparable n June 22 Summary AppraisalReport A ue ofsubject;ifas 2,0 7,0 230,000 275,000 325,000 djustmen + (-)$ +3,476,090 Property Rights Appraised Rights Property 3,801,090 3,476,090 ,0,0 0,2 851,852 705,128 1,300,000 A ddress Instructions toAppraiser Drainage View t Convenience toEmployment euot C292Beaufort,SC29902 Beaufort, SC29902 0.39+-Acre before andafterthegrantingofapermanenteasement.Since the ignificant item in the comparable is inferior to, or less favorable less or to, inferior is comparable the in item ignificant f a significant item in the comparable property is superior to, or to, is superior property comparable in the item a f significant 1911 Boundary Street,Beaufort,SC,29902 Predominantly level belowroadgradewithaslightslopetowardsthemarsh Commercial/Marsh 4.45+-Acres X rs 229 Gross1504.1% Gross 1222.9% Appears Adequate DESCRIPTION Net 1220.9% lsMinus Plus the market analysis. The description includes adollar includes Thedescription analysis. market the ss/L Bft.Cnty.Asses./MLS sses./MLS essTatMapReference Census Tract e eshl DeMinimisPUD Leasehold Fee A General AppearanceofProperties Police andFireProtection Protection fromDetrimentalConditions A Recreational Facilities A Property Compatibility ppeal toMarket dequacy ofUtilities dequacy ofPublicTransportation File No. $ 0007.00 The subject'sneighborhoodisboundedon 063,683,000 2016 X A portionofthesubjectislocatedinZone , A djustmen + (-)$ +3,360,220 3,357,470 3,632,470 value ***SeeAdditionalComments X -2,750 t e purchaserhasbeen 0005Ddated09/29/2986.Itis arket value ofthesubjectbefore to be$ to the commentson market data 03/04/2015 0.27+-Acre ret andKing, accordingtothe intoconsiderationinarriving CourtHouse,Jailand X umber twoisun-improved were notusedinthis Net 1504.1% DESCRIPTION Battery Creek. lsMinus Plus 116056A X 29902 R120 00300000970000 Good A X X X X X X X X X X X X X g Fai vg. $ Due A r +3,459,540 djustmen

+ (-)$ 3,459,540 3,689,540 Poo r t MARKET DATA ANALYSIS Comments onMarketDataAnalysis iyCut tt ZipCode State County City Property Address Client Intended User rc $ $ $ $ $ $ of Subject Net Adj.(Total) Concessions Sales orFinancing Site Area Site/View $ Location Time Adjustment $ Date ofSaleand Data Source Price Sales Price Proximity toSubj. A oigBSDResidential-2 R1200030359 BNSRD None Considered R1200030097 Improvements Dist.-Map-Parcel Zoning ddress euotBafr SC Beaufort Beaufort TMSbetPoet OPRBEN.4CMAAL O COMPARABLENO.6 COMPARABLENO.5 COMPARABLENO.4 SubjectProperty ITEM Boundary StandRibautRd .5-ce 3.14+-Acres Urban 04/17/2015 Residential/Marsh 4.45+-Acres Commercial/Marsh Urban N/A Beaufort,SC29902 617HugueninDrive Beaufort, SC29902 Boundary StandRibautRd ECITO DESCRIPTION DESCRIPTION City ofBeaufort City ofBeaufort Indicated Value N/A Bft.Cnty.Asses./MLS 0.41 milesSW X Gross 183.3% lsMinus Plus Net 183.3% $$ $$ BUNDY APPRAISAL & MANAGEMENT, INC. ADDITIONAL COMPARABLES $ A 1,338,000 djustmen + (-)$ +1,367,780 +1,084,210 3,789,990 2,451,990 426115 t DESCRIPTION lsMinus Plus $ A djustmen + (-)$ t File No. 29902 DESCRIPTION lsMinus Plus 116056A $ A djustmen + (-)$ t File No. 116056A ADDITIONAL COMMENTS

Intended User City of Beaufort Property Address Boundary St and Ribaut Rd CityBeaufort County Beaufort State SC Zip Code 29902 Client City of Beaufort

SCOPE OF THE APPRAISAL I looked at and took pictures of the site. I then researched sales of similar type properties in the Beaufort County area, through the Beaufort County Public Records and the Beaufort Multiple Listing Service. Sales used in this appraisal report were analyzed as to economic and physical factors which affect them and adjusted accordingly. I spoke to Realtors, sellers, or purchasers of the comparables.

The intended user of this report is the client. The intended use of this appraisal report is for internal decision making. This report is subject to the stated scope of work, purpose of the appraisal, and the reporting requirements of this appraisal and the definition of market value as determined by the client. No additional intended users are identified by them. This appraisal report may not meet reporting requirements of other person or originations not shown as intended users. Any additional requirements made by other persons or originations not shown as intended user will result in additional fees.

I certify that I have the knowledge and experience to complete this appraisal assignment. I further certify that I have completed the continuing education requirements for the state of South Carolina.

LEGAL DESCRIPTION conveyed by deed recorded in the Register of Deeds Office for Beaufort County in Deed Book 417 at Page 361. INSTRUCTIONS TO APPRAISER prior to and after the granting of a 5 foot by 20 foot permanent easement as shown attached Exhibit "B"

COMMENTS ON MARKET DATA Comparable number two is a competitive listing which has been on the market for over 600 days. It consist of three parcels of land located at the corner of Boundary Street and Charles Street.

Comparable number three is located at the corner of Boundary Street and Scott Street.

Comparable number four is most like the subject in size, it however is zone Residential-2 and therefore is inferior.

There have been recent acquisitions of real estate along Boundary Street by Beaufort County, Beaufort County Open Land Trust and, the City of Beaufort. These parcels contained building in various conditions. It is not known what if any special concessions were made to the owners of these properties, as two are still occupied by the sellers. Therefore I have chosen not to include them in this report.

Due to the limited amount of data on similar type properties, I have chosen in my opinion the best sales and competitive listings to include in this report.

FINAL RECONCILIATION per square foot, this property is a corner site as is the subject.

Comparable number four sold for $9.78 per square foot, as stated earlier this site is zone Residential-2 and is inferior to the subject, therefore it required a plus adjustment for zoning.

The indicated per square foot value of commercial property in the down town Beaufort area ranges from $16.19 to $29.84 and a large residential

BUNDY APPRAISAL & MANAGEMENT, INC. File No. 116056A ADDITIONAL COMMENTS Page 2 Intended User City of Beaufort Property Address Boundary St and Ribaut Rd CityBeaufort County Beaufort State SC Zip Code 29902 Client City of Beaufort

tract sold for $9.78 per square foot. There is an accepted theory that smaller tracts of land sale for more per unit than larger tracts. Therefore it is my opinion that the subject's indicated market value as of the date of this report was $19.00 per square foot.

As stated earlier the easement area is 100 square feet, using a per square foot value of $19.00, the indicated market value of the site were the requested easement would be placed is $1,900.00. However as stated earlier, easements typically do not command full value. Therefore in my opinion the granting of the easement will have a negative affect on the subject in the amount of $950..00.

In my opinion the subject's market value prior to granting the easement was $3,682,998.00, which I rounded to $3,683,000.00 and after granting the easement the market value of the subject will be $3,682,050.00

BUNDY APPRAISAL & MANAGEMENT, INC. File No.116056A USPAP COMPLIANCE ADDENDUM

Borrower or Owner City of Beaufort Property Address Boundary St and Ribaut Rd CityBeaufort County Beaufort State SC Zip Code 29902 Lender or Client City of Beaufort Purpose of the Appraisal To develop an opinion of market value, prior to and after the granting of a permanent easement.

Scope of Work The scope of the appraisal requires compliance with the Uniform Standards of Professional Appraisal Practice promulgated by the Appraisal Standards Board of The Appraisal Foundation. All data regarding the property has been considered.

I have considered relevant competitive listings and/or contract offerings in the performance of this appraisal and in the trending information reported in this section. If a trend is indicated, I have attached an addendum providing relevant competitive listings/contract offering data.

Report of the prior sales history for the subject property Is the subject property currently listed? YesX No List Price: $ Has the property sold during the prior three years? YesX No If yes, describe below

Exposure Time What is your estimate of exposure time for the subject property? 24 months Describe below the basis (rationale) for your estimate? Based on market research of similar type properties in the area, discussion with local realtors and my personal files.

Non-real property transfers Does the transaction involve the transfer of personal property, fixtures, or intangibles that are not real property? YesX No If yes, provide description and valuation below.

Additional Limiting Conditions or Additional Comments Since the improvements on the subject will not be affected by the proposed easment, they were not considered in this report. The subject is being appraised as vacant available to be put to it's highest and best use. The cost approach and the income approach were not used in this appraisal.

Additional Certification Statements or Additional Comments

Date: July 6, 2016 Appraiser(s): Robert J. Bundy

Date: Review Appraiser(s):

Intended User City of Beaufort Property Address Boundary St and Ribaut Rd CityBeaufort County Beaufort State SC Zip Code 29902 Client City of Beaufort

FRONT VIEW OF SUBJECT PROPERTY

REAR VIEW OF SUBJECT PROPERTY

STREET SCENE OF SUBJECT PROPERTY

BUNDY APPRAISAL & MANAGEMENT, INC. File No. 116056A SITE PLAN

Intended User City of Beaufort Property Address Boundary St and Ribaut Rd City BeaufortCounty BeaufortState SC Zip Code 29902 Client City of Beaufort

.iTo

PRC: d•IT 4 . ·• .

P ·EN 1. R/W Flt.E 7.4 4 09.4) ·COOT UF.'R .· C:UNTY R ·oo·o0007

'OI.ITH AR INA loiV I··~N

SCE&G EASEMENT EXHIBIT FOR TRACT 64 l'

BUNDY APPRAISAL & MANAGEMENT, INC. File No. 116056A FLOOD MAP

Intended User City of Beaufort Property Address Boundary St and Ribaut Rd City BeaufortCounty BeaufortState SC Zip Code 29902 Client City of Beaufort

)> if W PUIOti S'f g ::;: l i ~ ~

N l

Flood Zones c=J ATeas inundated by 500-year flooding - Floodway areas c=J Areas outside of the 100- and 500- year flood plains - Floodway areas w ith velocity hazard r=J ATeas inundated b y 100-year flooding t=) Areas of undetermined but possible flood hazards I=:J Areas inundated by 100-year flooding with v elodty hazard ~ Areas not mapped on any published FIRM Flood Zone Determination Latitude: 32.438665 This Report is for t he sole benefit of the Customer that ordered an d paid for Longitude: - 80.686146 the Report and is based on the property information provided by that Customer. That Customer's use of this Report is subject to the terms agreed Community Name: to by that Customer when accessing this product. No third party is authorized BEAUFORT, CITY OF to use or rely on this Report for any purpose. T HE SELLER OF THIS REPORT Community: 450026 MAKES NO REPRESENTATIONS OR WARRANTIES TO ANY PARTY SFHA {Flood Zone): No CONCERNING THE CONTENT, ACCURACY OR COMPLETENESS OF THIS Within 250 ft_ of multiple flood zones: Yes REPORT, INCLUDING ANY WARRANTY OF MERCHANTABILITY OR ffiNESS Zone: C Map #: 45002600050 FOR A PARTICULAR PURPOSE. The seller of this Report shall not h ave any liability to any third party for any use or misuse of this Report. Panel: 00050 Panel Date: 09/29/1986 FIPS Code: 45013 Census Tract: 0007.00

BUNDY APPRAISAL & MANAGEMENT, INC. File No. 116056A PHOTOGRAPH ADDENDUM

Intended User City of Beaufort Property Address Boundary St and Ribaut Rd CityBeaufort County Beaufort State SC Zip Code 29902 Client City of Beaufort

COMPARABLE #1

509 Carteret Street Beaufort, SC 29902

Price $325,000 Price/SF 1,300,000 Date 06/22/2015 Living Area 0.25+-Acre

Value Indication $3,801,090

COMPARABLE #2

1010 Boundary Street Beaufort, SC 29902

Price $275,000 Price/SF 705,128 Date Listed For Sale Living Area 0.39+-Acre

Value Indication $3,632,470

COMPARABLE #3

804 Boundary Street Beaufort, SC 29902

Price $230,000 Price/SF 851,852 Date 03/04/2015 Living Area 0.27+-Acre

Value Indication $3,689,540

BUNDY APPRAISAL & MANAGEMENT, INC. File No. 116056A PHOTOGRAPH ADDENDUM

Intended User City of Beaufort Property Address Boundary St and Ribaut Rd CityBeaufort County Beaufort State SC Zip Code 29902 Client City of Beaufort

COMPARABLE #4

617 Huguenin Drive Beaufort, SC 29902

Price $1,338,000 Price/SF 426,115 Date 04/17/2015 Living Area 3.14+-Acres

Value Indication $3,789,990

COMPARABLE #5

Price $ Price/SF Date Living Area

Value Indication $

COMPARABLE #6

Price $ Price/SF Date Living Area

Value Indication $

BUNDY APPRAISAL & MANAGEMENT, INC. File No. 116056A Location Map

Intended User City of Beaufort Property Address Boundary St and Ribaut Rd City BeaufortCounty BeaufortState SC Zip Code 29902 Client City of Beaufort

La Cbere St Lludooniere St Vi ~ ;s Lafayette St l "' Q•rt:.y O' Basil Woodward Ave ~ Park Ave Park Ave ' C=ex Emmons St J~

Subject Sale 2 J>i9eon Point Parle Sale3 National St 804 Boundary S"..reet Seaufon. SC 29902 0.86 rriles E S231).000

Boundary St "' ~ ~ :r z~

-~E W-ashingt on c;;t Duke St -~ Sale1 Vi ;;; ;;; ;;; c c !49CatL~t Street Laurens St ..... " E"' Beautor.. SC 2S902 King 5t ..!'l ~ ~ 1.02 n:ires· SE 0 . 5' 6 17 Htl9'.Jenln Drive "' ::!: E ·"'r:: SJ-2~.000 Se::ufott.. SC.2Q902: = )i ~ :r ;;; 0.41 mites S'W 6 1: <:raven St $1,333,000 z.. ;: ei '-----.,.J ""~..... ~ ... ~ 9-~ 6 t:: u !l;,y St -

t ~ :p~ Barnwell st

H~rmitage Rd I Joyner St 0 u r 0 r

v r f 0 /ds St TechnKal College-of the C> 2016 r-licrosoft Corporation @- 2010 NAVTEQ ©AND

BUNDY APPRAISAL & MANAGEMENT, INC. File No.116056A

This appraisal report is subject to the scope of work, intended use, intended user, definition of market value, statement of assumptions and limiting conditions, and certifications. The appraiser may expand the scope of work to include any additional research or analysis necessary based on the complexity of this appraisal assignment.

SCOPE OF WORK: The scope of work for this appraisal is defined by the complexity of this appraisal assignment and the reporting requirements of this appraisal report form, including the following definition of market value, statement of assumptions and limiting conditions, and certifications. The appraiser must, at a minimum: (1) perform a complete visual inspection of the subject property, (2) inspect the neighborhood, (3) inspect each of the comparable sales from at least the street, (4) research, verify, and analyze data from reliable public and/or private sources, and (5) report his or her analysis, opinions, and conclusions in this appraisal report.

DEFINITION OF MARKET VALUE: 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, 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 each acting in what he or she considers his or her own best interest; (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.

*Adjustments to the comparables must be made for special or creative financing or sales concessions. No adjustments are necessary for those costs which are normally paid by sellers as a result of tradition or law in a market area; these costs are readily identifiable since the seller pays these costs in virtually all sales transactions. Special or creative financing adjustments can be made to the comparable property by comparisons to financing terms offered by a third party institutional lender that is not already involved in the property or transaction. Any adjustment should not be calculated on a mechanical dollar for dollar cost of the financing or concession but the dollar amount of any adjustment should approximate the market's reaction to the financing or concessions based on the appraiser's judgment.

STATEMENT OF ASSUMPTIONS AND LIMITING CONDITIONS: The appraiser's certification in this report is subject to the following assumptions and limiting conditions:

1. The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title to it, except for information that he or she became aware of during the research involved in performing this appraisal. The appraiser assumes that the title is good and marketable and will not render any opinions about the title.

2. The appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency (or other data sources) and has noted in this appraisal report whether any portion of the subject site is located in an identified Special Flood Hazard Area. Because the appraiser is not a surveyor, he or she makes no guarantees, express or implied, regarding this determination.

3. The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question, unless specific arrangements to do so have been made beforehand, or as otherwise required by law.

4. The appraiser has noted in this appraisal report any adverse conditions (such as the presence of hazardous wastes, toxic substances, etc.) observed during the inspection of the subject property or that he or she became aware of during the research involved in performing this appraisal. Unless otherwise stated in this appraisal report, the appraiser has no knowledge of any hidden or unapparent deficiencies or adverse conditions of the property (such as, but not limited to, the presence of hazardous wastes, toxic substances, adverse environmental conditions, etc.) that would make the property less valuable, and has assumed that there are no such conditions and makes no guarantees or warranties, express or implied. The appraiser will not be responsible for any such conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist. Because the appraiser is not an expert in the field of environmental hazards, this appraisal report must not be considered as an environmental assessment of the property.

Page 2 of 4 BUNDY APPRAISAL & MANAGEMENT, INC. File No.116056A

APPRAISER’S CERTIFICATION: The Appraiser certifies and agrees that:

1. I have, at a minimum, developed and reported this appraisal in accordance with the scope of work requirements stated in this appraisal report.

2. I performed a complete visual inspection of the subject property.

3. I performed this appraisal in accordance with the requirements of the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place at the time this appraisal report was prepared.

4. I developed my opinion of the market value of the real property that is the subject of this report based on the sales comparison approach to value. I have adequate comparable market data to develop a reliable sales comparison approach for this appraisal assignment. I further certify that I considered the cost and income approaches to value but did not develop them, unless otherwise indicated in this report.

5. I researched, verified, analyzed, and reported on any current agreement for sale for the subject property, any offering for sale of the subject property in the twelve months prior to the effective date of this appraisal, and the prior sales of the subject property for a minimum of three years prior to the effective date of this appraisal, unless otherwise indicated in this report.

6. I researched, verified, analyzed, and reported on the prior sales of the comparable sales for a minimum of one year prior to the date of sale of the comparable sale, unless otherwise indicated in this report.

7. I selected and used comparable sales that are locationally, physically, and functionally the most similar to the subject property.

8. I have reported adjustments to the comparable sales that reflect the market's reaction to the differences between the subject property and the comparable sales.

9. I verified, from a disinterested source, all information in this report that was provided by parties who have a financial interest in the sale of the subject property.

10. I have knowledge and experience in appraising this type of property in this market area.

11. I am aware of, and have access to, the necessary and appropriate public and private data sources, such as multiple listing services, tax assessment records, public land records and other such data sources for the area in which the property is located.

12. I obtained the information, estimates, and opinions furnished by other parties and expressed in this appraisal report from reliable sources that I believe to be true and correct.

13. I have taken into consideration the factors that have an impact on value with respect to the subject neighborhood, subject property, and the proximity of the subject property to adverse influences in the development of my opinion of market value. I have noted in this appraisal report any adverse conditions (such as, the presence of hazardous wastes, toxic substances, adverse environmental conditions, etc.) observed during the inspection of the subject property or that I became aware of during the research involved in performing this appraisal. I have considered these adverse conditions in my analysis of the property value, and have reported on the effect of the conditions on the value and marketability of the subject property.

14. I have not knowingly withheld any significant information from this appraisal report and, to the best of my knowledge, all statements and information in this appraisal report are true and correct.

15. I stated in this appraisal report my own personal, unbiased, and professional analysis, opinions, and conclusions, which are subject only to the assumptions and limiting conditions in this appraisal report.

16. I have no present or prospective interest in the property that is the subject of this report, and I have no present or prospective personal interest or bias with respect to the participants in the transaction. I did not base, either partially or completely, my analysis and/or opinion of market value in this appraisal report on the race, color, religion, sex, age, marital status, handicap, familial status, or national origin of either the prospective owners or occupants of the subject property or of the present owners or occupants of the properties in the vicinity of the subject property or on any other basis prohibited by law.

17. My employment and/or compensation for performing this appraisal or any future or anticipated appraisals was not conditioned on any agreement or understanding, written or otherwise, that I would report (or present analysis supporting) a predetermined specific value, a predetermined minimum value, a range or direction in value, a value that favors the cause of any party, or the attainment of a specific result or occurrence of a specific subsequent event.

18. I personally prepared all conclusions and opinions about the real estate that were set forth in this appraisal report. If I relied on significant real property appraisal assistance from any individual or individuals in the performance of this appraisal or the preparation of this appraisal report, I have named such individual(s) and disclosed the specific tasks performed in this appraisal report. I certify that any individual so named is qualified to perform the tasks. I have not authorized anyone to make a change to any item in this appraisal report; therefore, any change made to this appraisal is unauthorized and I will take no responsibility for it.

19. I identified the client in this appraisal report who is the individual, organization, or agent for the organization that ordered and will receive this appraisal report.

20. I am aware that any disclosure or distribution of this appraisal report by me or the client may be subject to certain laws and regulations. Further, I am also subject to the provisions of the Uniform Standards of Professional Appraisal Practice that pertain to disclosure or distribution by me.

21. If this appraisal report was transmitted as an “electronic record” containing my “electronic signature,” as those terms are defined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of this appraisal report containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and valid as if a paper version of this appraisal report were delivered containing my original hand written signature.

Page 3 of 4 BUNDY APPRAISAL & MANAGEMENT, INC. File No.116056A

SUPERVISORY APPRAISER’S CERTIFICATION: The Supervisory Appraiser certifies and agrees that:

1. I directly supervised the appraiser for this appraisal assignment, have read the appraisal report, and agree with the appraiser's analysis, opinions, statements, conclusions, and the appraiser's certification.

2. I accept full responsibility for the contents of this appraisal report including, but not limited to, the appraiser's analysis, opinions, statements, conclusions, and the appraiser's certification.

3. The appraiser identified in this appraisal report is either a sub-contractor or an employee of the supervisory appraiser (or the appraisal firm), is qualified to perform this appraisal, and is acceptable to perform this appraisal under the applicable state law.

4. This appraisal report complies with the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place at the time this appraisal report was prepared.

5. If this appraisal report was transmitted as an “electronic record” containing my “electronic signature,” as those terms are defined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of this appraisal report containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and valid as if a paper version of this appraisal report were delivered containing my original hand written signature.

APPRAISER SUPERVISORY APPRAISER (ONLY IF REQUIRED)

Signature Signature Name Robert J. Bundy Name Company Name BUNDY APPRAISAL & MANAGEMENT, INC. Company Name Company Address P O BOX 1225,1204 BOUNDARY STREET Company Address BEAUFORT, SC 29901 Telephone Number 843-524-2207 Telephone Number Email Address [email protected] Email Address Date of Signature and Report July 6, 2016 Date of Signature Effective Date of Appraisal June 22, 2016 State Certification # State Certification # CG110 or State License # or State License # State or Other State # Expiration Date of Certification or License State SC Expiration Date of Certification or License 6/30/2018 SUBJECT PROPERTY

ADDRESS OF PROPERTY APPRAISED Did not inspect subject property Boundary St and Ribaut Rd Did inspect exterior of subject property from street Beaufort, SC 29902 Date of Inspection APPRAISED VALUE OF SUBJECT PROPERTY $ 3,683,000 Did inspect interior and exterior of subject property CLIENT Date of Inspection Name Mr. Sammy Negron COMPARABLE SALES Company Name City of Beaufort Company Address 1911 Boundary Street Did not inspect exterior of comparable sales from street Beaufort, SC 29902 Did inspect exterior of comparable sales from street Email Address Date of Inspection

Page 4 of 4 BUNDY APPRAISAL & MANAGEMENT, INC. File No. 116056B

SUMMARY APPRAISAL REPORT OF

THE PROPERTY LOCATED AT

Boundary St and Ribaut Rd

Beaufort, SC 29902

as of

June 22, 2016

for

City of Beaufort 1911 Boundary Street Beaufort, SC 29902

BUNDY APPRAISAL & MANAGEMENT, INC.

P O BOX 1225,1204 BOUNDARY STREET BEAUFORT, SC 29901 BUNDY APPRAISAL & MANAGEMENT, INC. P O BOX 1225,1204 BOUNDARY STREET BEAUFORT, SC 29901 843-524-2207

July 6, 2016

City of Beaufort 1911 Boundary Street Beaufort, SC 29902

Property - Boundary St and Ribaut Rd Beaufort, SC 29902 Client - City of Beaufort File No. - 116056B Case No. -

Dear Mr. Negron:

In accordance with your request, I have prepared an appraisal of the real property located at Boundary St and Ribaut Rd, Beaufort, SC.

An inspection of the property and a study of pertinent factors, including valuation trends and an analysis of neighborhood data, led the appraiser to the conclusion that the market value, as of June 22, 2016 prior to acquiring the easement is: $3,683,000.00. After acquiring the easement it is my opinion that the subject's market value will be: $3,681,100.00. A loss in value because of the easement of : $1,900.00.

The opinion of value expressed in this report is contingent upon the Limiting Conditions attached to this report.

It has been a pleasure to assist you. If I may be of further service to you in the future, please let me know.

Respectfully submitted,

BUNDY APPRAISAL & MANAGEMENT, INC.

Robert J. Bundy SC Certification #CG110 RECONCILIATION MARKET DATA ANALYSIS SITE NEIGHBORHOOD IDENTIFICATION located atthecornerofBoundary Street andRibautRoad.Itis "C", aportionofitislocatedinZone"B"and Favorable factorsincludethepresentsofschools,hous the Northby Beaufort River andBrickyard Creek,ontheEast by Beaufort River, ontheSouth by HermitageRoadandontheWest parking lot.Theareathattheproposaleasementwillbeplac renovated/repairing the building since acquiring it. *** See Additional Comments *** it.***SeeAdditionalComments renovated/repairing thebuildingsinceacquiring listing agentlittlevalue was appliedtothebuilding,asithassatvacant withnomaintenance forthepastseveral years. Th at thebeforeandaftervalue ofthesite.Comparable numberoneistheoldVonHarten Building, locatedatthecornerofCarte area oftheeasementdoesnotaffectutility ofthesitenor land and the asking price is $16.19 per square foot.Comparabl square is$16.19 per land andtheasking price comparable number onedoeshave astructureonit,disregarding the to thelocationof the proposedeasement,itismy opinion thatthesubjectwillbeimpacted by only 50percent. Asstatedin report. See additionalconditionsandcertificationsonthe followingpages. and afterthegrantingofa10foot by 20footpermanenteasement,thecostandincomeapproachtovalue arenotapplicableand personal files.All informationwasverified wherepossible.Si 0.00012 100.000000 rc $ $ $ ASOF PROPERTY OFSUBJECT AS DEFINED, VALUE, MARKET THE ESTIMATE I $ Final Reconciliation: Comments andConditionsofAppraisal: $ $ Comments onMarketData: of Subject Net Adj.(Total) Site Area Site/View $ Location Time Adjustment Date ofSaleand $ Data Source Seenarrativeattachment. Price Sales Price Proximity toSubj. Seegridbelow. For theMarketDataAnalysis more favorablethan,the I properties. andcomparable the subject between variation significant of items to those reaction market reflecting adjustment, in these andhasconsidered subject to andproximate similar most properties of sales recent three hasrecited The undersigned ZipCode San. Sewe Other(specify) Wate Gas Presentuse Elec. EmploymentStability Highest andbestuse: Slow State Zoning Classification Dimensions Under25% Steady Comments includingthose fa 25%to75% County Rapid Over75% Growth Rate Built Up Occupant Legal Description City Property Address Owne rpryVle nraigSal elnn ConveniencetoShopping ConveniencetoSchools Over6Mos. OverSupply Declining 4-6Mos. InBalance Stable Under3Mos. Shortage Increasing Marketing Time Demand/Supply Property Values than, thesubjectproperty,aplus(+)adjustmentismade,thusincreasingindicatedvalueofsubject. mrvmnsNn osdrdOdBidn oeNone General Commercial R1200040097 General Commercial None R1200040071 General Commercial OldBuilding R120004 0734 BNSRD None Considered R1200030097 Improvements Dist.-Map-Parcel Zoning oainUbnSbra Rural Suburban Urban Location Concessions Sales orFinancing A IntendedUse: (yr.) Intended User: Client Actual Real Estate Taxes $ Sale Price $ ddress Comments (favorable or unfavorable including any apparent adverse easements, encroachments or other adverse conditions) adverse other or encroachments easements, adverse apparent any including unfavorable or (favorable Comments r r euotBafr SC Beaufort Beaufort TMSbetPoet OPRBEN.1CMAAL O COMPARABLE NO.3 COMPARABLENO.2 COMPARABLENO. 1 SubjectProperty ITEM Beaufort County aatRbr .BnyEstimatemarket RobertJ.Bundy Vacant r City ofBeaufort ulcOther(Describe) Public X X X X / N/A N/A See DeedBook417at iyo euotAcquisition ofapermanenteasement City ofBeaufort negon lc.&Tl ieakSre ihsI h rprylctdi U dniidSeilFodHzr ra oYes No IsthepropertylocatedinaHUDIdentifiedSpecialFloodHazardArea? StreetLights Sidewalk Underground Elect.&Tel. Beingatractorlotoflandcontaining5acres,more Fully Dev. 011125 1 1 1 60 Boundary StandRibautRd subject property,aminus(-)adjustment Boundary StreetRedevelopment District(BNSRD) igeFml rc ag o$PredominantValue$ to$ %Commercial %Condo Owne $ %Apts. Single FamilyPriceRange %2-4Fam Predominant Occupancy %1Family Present LandUse Single FamilyAge hnei rsn adUeNtLkl iey()TakingPlace(*) Likely(*) NotLikely Change inPresentLandUse / 62/05ListedForSale 804Boundary Street 06/22/2015 1010Boundary Street N/A Beaufort,SC29902 509CarteretStreet Beaufort, SC29902 Boundary StandRibautRd ra ra ra Urban Commercial Urban Commercial 0.25+-Acre Urban Commercial 4.45+-Acres Commercial/Marsh Urban A permanenteasementtypically hasanegative affectonvalue from 25to100percentdepending onthelocationofeasement. ECITO DESCRIPTION DESCRIPTION ctors, favorable X N/A The purposeofthisappraisalistoappraisethesubjectsite Indicated Value 0+70 200+ 0 50020000+350,000 2,000,000.+ 75,000 X X X X X Pg 6 4.45+-Acres Page361 N/A tetAcs:Pbi Private Public Surface Street Access: Date ofSale or unfavorable, nutil%Vcn % %Vacant % Industrial Information usedinthisappraisal wasobtainedfromBeaufort County publicrecords,thelocalM.L.S. and my A F IEIPOEET Topo OFF SITEIMPROVEMENTS r yrs. to ppraise X X * rmTo (*) From ismade,thusreduc affecting marketability(e.g 1.02 miles SE 0.71 miles E 0.85 milesE 0.85 Bft.Cnty.A 0.71milesE Bft.Cnty.Asses./MLS 1.02 milesSE r shl Irregular Asphalt aneac:Pbi Private Public Maintenance: X tr ee Curb/Gutter Storm Sewer lsMinus Plus X X X X es ofworship,majoremployment andshoppingcenters. $$ $$ r.PeoiatAeyrs. PredominantAge yrs. X X eat%Vacant Tenant Unimproved or less,andbeingthesamelands***SeeAdditionalComments ing theindicatedval is locatedinZone"A-8".AccordingtoF.E.M.A. F.I.R.M. 450026 BUNDY APPRAISAL & MANAGEMENT, INC. ed onisanarrowstripbetweenRibautRoadandtheparkinglot. the improvements onthesite.Theimprovements werenottaken X X nce thepurposeofthisappraisalreport istoestablishthem currently beingusedasBeaufort County government buildings, LAND APPRAISALREPORT e number three sold for $19.56 *** See Additional Comments *** $19.56***See AdditionalComments soldfor three e number CornerLot = Shape Size . public parks, schools,noise) $ rsn mrvmnsd donotconformtozoningregulations do Present improvements structure itsoldfor $29.84persquarefoot.Comparable n June 22 Summary AppraisalReport A ue ofsubject;ifas 2,0 7,0 230,000 275,000 325,000 djustmen + (-)$ +3,476,090 Property Rights Appraised Rights Property 3,801,090 3,476,090 ,0,0 0,2 851,852 705,128 1,300,000 A ddress Instructions toAppraiser Drainage View t Convenience toEmployment euot C292Beaufort,SC29902 Beaufort, SC29902 0.39+-Acre before andafterthegrantingofapermanenteasement.Since the ignificant item in the comparable is inferior to, or less favorable less or to, inferior is comparable the in item ignificant f a significant item in the comparable property is superior to, or to, is superior property comparable in the item a f significant 1911 Boundary Street,Beaufort,SC,29902 Predominantly level belowroadgradewithaslightslopetowardsthemarsh Commercial/Marsh 4.45+-Acres X rs 229 Gross1504.1% Gross 1222.9% Appears Adequate DESCRIPTION Net 1220.9% lsMinus Plus the market analysis. The description includes adollar includes Thedescription analysis. market the ss/L Bft.Cnty.Asses./MLS sses./MLS essTatMapReference Census Tract e eshl DeMinimisPUD Leasehold Fee A General AppearanceofProperties Police andFireProtection Protection fromDetrimentalConditions A Recreational Facilities A Property Compatibility ppeal toMarket dequacy ofUtilities dequacy ofPublicTransportation File No. $ 0007.00 The subject'sneighborhoodisboundedon 063,683,000 2016 X A portionofthesubjectislocatedinZone , A djustmen + (-)$ +3,360,220 3,357,470 3,632,470 value ***SeeAdditionalComments X -2,750 t e purchaserhasbeen 0005Ddated09/29/2986.Itis arket value ofthesubjectbefore to be$ to the commentson market data 03/04/2015 0.27+-Acre ret andKing, accordingtothe intoconsiderationinarriving CourtHouse,Jailand X umber twoisun-improved werenotusedinthis Net 1504.1% DESCRIPTION Battery Creek. lsMinus Plus 116056B X 29902 R120 00300000970000 Good A X X X X X X X X X X X X X g Fai vg. $ Due A r +3,459,540 djustmen

+ (-)$ 3,459,540 3,689,540 Poo r t MARKET DATA ANALYSIS Comments onMarketDataAnalysis iyCut tt ZipCode State County City Property Address Client Intended User rc $ $ $ $ $ $ of Subject Net Adj.(Total) Concessions Sales orFinancing Site Area Site/View $ Location Time Adjustment $ Date ofSaleand Data Source Price Sales Price Proximity toSubj. A oigBSDResidential-2 R1200030359 BNSRD None Considered R1200030097 Improvements Dist.-Map-Parcel Zoning ddress euotBafr SC Beaufort Beaufort TMSbetPoet OPRBEN.4CMAAL O COMPARABLENO.6 COMPARABLENO.5 COMPARABLENO.4 SubjectProperty ITEM Boundary StandRibautRd .5-ce 3.14+-Acres Urban 04/17/2015 Residential/Marsh 4.45+-Acres Commercial/Marsh Urban N/A Beaufort,SC29902 617HugueninDrive Beaufort, SC29902 Boundary StandRibautRd ECITO DESCRIPTION DESCRIPTION City ofBeaufort City ofBeaufort Indicated Value N/A Bft.Cnty.Asses./MLS 0.40 milesSW X Gross 183.3% lsMinus Plus Net 183.3% $$ $$ BUNDY APPRAISAL & MANAGEMENT, INC. ADDITIONAL COMPARABLES $ A 1,338,000 djustmen + (-)$ +1,367,780 +1,084,210 3,789,990 2,451,990 426115 t DESCRIPTION lsMinus Plus $ A djustmen + (-)$ t File No. 29902 DESCRIPTION lsMinus Plus 116056B $ A djustmen + (-)$ t File No. 116056B ADDITIONAL COMMENTS

Intended User City of Beaufort Property Address Boundary St and Ribaut Rd CityBeaufort County Beaufort State SC Zip Code 29902 Client City of Beaufort

LEGAL DESCRIPTION conveyed by deed recorded in the Register of Deeds Office for Beaufort County in Deed Book 417 at Page 361. INSTRUCTIONS TO APPRAISER prior to and after the granting of a 10 foot by 20 foot permanent easement as shown attached Exhibit "B"

Comparable number three is located at the corner of Boundary Street and Scott Street.

Comparable number four is most like the subject in size, it however is zone Residential-2 and therefore is inferior.

There have been recent acquisitions of real estate along Boundary Street by Beaufort County, Beaufort County Open Land Trust and the City of Beaufort. These parcels contained building in various conditions. It is not known what if any special concessions were made to the owners of these properties, as two are still occupied by the sellers. Therefore I have chosen not to include them in this report.

Due to the limited amount of data on similar type properties, I have chosen in my opinion the best sales and competitive listings to include in this report.

FINAL RECONCILIATION per square foot, this property is a corner site as is the subject.

Comparable number four sold for $9.78 per square foot, as stated earlier this site is zone Residential-2 and is inferior to the subject, therefore it required a plus adjustment for zoning.

The indicated per square foot value of commercial property in the down town Beaufort area ranges from $16.19 to $29.84 and a large residential

BUNDY APPRAISAL & MANAGEMENT, INC. File No. 116056B ADDITIONAL COMMENTS Page 2 Intended User City of Beaufort Property Address Boundary St and Ribaut Rd CityBeaufort County Beaufort State SC Zip Code 29902 Client City of Beaufort

tract sold for $9.78 per square foot.

There is an accepted theory that smaller tracts of land sale for more per unit than larger tracts. Therefore it is my opinion that the subject's indicated market value as of the date of this report was $19.00 per square foot.

As stated earlier the easement area is 200 square feet, using a per square foot value of $19.00, the indicated market value of the site were the requested easement would be placed is $3,800.00. However as stated earlier, easements typically do not command full value. Therefore in my opinion the granting of the easement will have a negative affect on the subject in the amount of $1,900.00.

BUNDY APPRAISAL & MANAGEMENT, INC. File No.116056B USPAP COMPLIANCE ADDENDUM

Additional Certification Statements or Additional Comments

Date: July 6, 2016 Appraiser(s): Robert J. Bundy

Date: Review Appraiser(s):

Intended User City of Beaufort Property Address Boundary St and Ribaut Rd CityBeaufort County Beaufort State SC Zip Code 29902 Client City of Beaufort

FRONT VIEW OF SUBJECT PROPERTY

REAR VIEW OF SUBJECT PROPERTY

STREET SCENE OF SUBJECT PROPERTY

BUNDY APPRAISAL & MANAGEMENT, INC. File No. 116056B SITE PLAN

Intended User City of Beaufort Property Address Boundary St and Ribaut Rd City BeaufortCounty BeaufortState SC Zip Code 29902 Client City of Beaufort

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SCE&G EASEMENT EXHIBIT FOR TRACT 64 l'

BUNDY APPRAISAL & MANAGEMENT, INC. File No. 116056B FLOOD MAP

Intended User City of Beaufort Property Address Boundary St and Ribaut Rd City BeaufortCounty BeaufortState SC Zip Code 29902 Client City of Beaufort

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BUNDY APPRAISAL & MANAGEMENT, INC. File No. 116056B PHOTOGRAPH ADDENDUM

Intended User City of Beaufort Property Address Boundary St and Ribaut Rd CityBeaufort County Beaufort State SC Zip Code 29902 Client City of Beaufort

COMPARABLE #1

509 Carteret Street Beaufort, SC 29902

Price $325,000 Price/SF 1,300,000 Date 06/22/2015 Living Area 0.25+-Acre

Value Indication $3,801,090

COMPARABLE #2

1010 Boundary Street Beaufort, SC 29902

Price $275,000 Price/SF 705,128 Date Listed For Sale Living Area 0.39+-Acre

Value Indication $3,632,470

COMPARABLE #3

804 Boundary Street Beaufort, SC 29902

Price $230,000 Price/SF 851,852 Date 03/04/2015 Living Area 0.27+-Acre

Value Indication $3,689,540

BUNDY APPRAISAL & MANAGEMENT, INC. File No. 116056B PHOTOGRAPH ADDENDUM

Intended User City of Beaufort Property Address Boundary St and Ribaut Rd CityBeaufort County Beaufort State SC Zip Code 29902 Client City of Beaufort

COMPARABLE #4

617 Huguenin Drive Beaufort, SC 29902

Price $1,338,000 Price/SF 426,115 Date 04/17/2015 Living Area 3.14+-Acres

Value Indication $1,338,000

COMPARABLE #5

Price $ Price/SF Date Living Area

Value Indication $

COMPARABLE #6

Price $ Price/SF Date Living Area

Value Indication $

BUNDY APPRAISAL & MANAGEMENT, INC. File No. 116056B Location Map

Intended User City of Beaufort Property Address Boundary St and Ribaut Rd City BeaufortCounty BeaufortState SC Zip Code 29902 Client City of Beaufort

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BUNDY APPRAISAL & MANAGEMENT, INC. File No.116056B

STATEMENT OF ASSUMPTIONS AND LIMITING CONDITIONS: The appraiser's certification in this report is subject to the following assumptions and limiting conditions:

Page 2 of 4 BUNDY APPRAISAL & MANAGEMENT, INC. File No.116056B