Appraisal Report Of Real Property Fountain Plaza 100 S. Main St. Minot, ND 58701 Real Property Component Prepared For: Ms. Megan Meis, Gate City Bank 500 2nd Ave. N. Fargo, ND 58102 Assignment Reference: Date of Observation: 05/19/2016 Date of Report: 05/27/2016 Date(s) of Value: 05/19/2016 Fountain Plaza, 100 S. Main St., Minot, ND SECTION I – Introduction C V APPRAISAL SERVICES, INC. © 2016 2 Fountain Plaza, 100 S. Main St., Minot, ND Offices in Bozeman and Savage, Montana providing coverage throughout Montana, North Dakota, Wyoming, Hawai’i and the Rocky Mountain West. 91 Morgan Creek Ln. Bozeman, MT 59718 Tel + 1 406.556.1000
[email protected] Letter of Transmittal Advisory May 27, 2016 Consulting Economic Analysis Ms. Megan Meis, Gate City Bank Feasibility Study nd 500 2 Ave. N. Fargo, ND 58102 Forecasting RE: Fountain Plaza Forensic Analysis Real Property Component 100 S. Main St. Litigation Support Minot, ND 58701 Market Studies Dear Ms. Meis; Research At your request, I have prepared an appraisal report of the above referenced property located in Minot, Ward County, North Dakota. The purpose of this Valuation appraisal was to form an opinion of market value of the subject’s leased fee interest, as‐is. The reader of this report is encouraged to review all of the assumptions and limiting conditions found within this appraisal report. This appraisal was performed subject to all of these assumptions and limiting conditions. Any use of this appraisal report represents a full agreement and adherence to any and all assumptions and limiting conditions included.