John B. Stewart, Real Estate Appraiser and Consultant, LLC P.O. Box 804 · 3340 North Liberty Street · Canton, MS 39046 Phone (601) 855-7777 · Cell (601) 953-9081 · Fax (601) 391-3498 E-mail:
[email protected] June 13, 2016 Madison County Board of Supervisors Attn: Danny Lee 146 West Center Street Canton, MS 39046 RE: Appraisal Report Sulphur Springs Park 60.05 Acres of Land Area and Lake Canton, MS 39046 Dear Mr. Lee: In accordance with your request, I have made an appraisal of the above referenced property, as of my last inspection of the property, May 27, 2016, which is the effective date of this appraisal report. The subject property consists of approximately 60.05 acres of land area as described within the attached report being located along the southeast side of Sulphur Springs Road, the southwest side of Highway 17, and the east side of Burns Lane in Madison County, Mississippi. The attached appraisal report, of which this letter is a part, contains the data considered and the assumptions made upon which this appraisal is based. The conclusion of value contained herein is subject to the attached assumptions and limiting conditions. This report has been written in accordance with the Uniform Standards of Professional Appraisal Practice (USPAP). Please advise if you desire any additional information or clarification of any of the data contained within my report. FINAL VALUE CONCLUSION: Based upon all of my analysis, I conclude that the subject’s 60.05 acres of land area, more or less, excluding any furniture, fixtures, or equipment