Airport & Aviation Appraisals, Inc. Austin, Texas Office 702 Chestnut Street, Suite 101 Bastrop, Texas 78602 512-308-1420 Fax: 512-308-9217 Web Site: www.airportappraisals.com
[email protected] November 19, 2014 Georgetown Municipal Airport 5000 S. Collins St., #100 Georgetown, TX 76018 Attn: James Briggs Acting City Manager Curtis Benkendorfer Airport Manager Ladies and Gentlemen: In accordance with your request, we submit herewith our Appraisal Report concerning the market rental value for a variety of airside property at Georgetown Municipal Airport, Georgetown, TX. The subjects will consist of T hangars, various parcels of vacant and unimproved land, open bay hangars, and tie downs. This report contains information considered relevant to both the value of the property and the method by which we have analyzed collected data to arrive at the value conclusion. Additionally, this Appraisal Report for the client, the City of Georgetown, Texas is for the sole use of the client, and is governed by the Uniform Standards of Appraisal Practice regulations that apply to Appraisal Reports under Standards Rule 2, Subparagraph A. Supporting data which may help the reader more fully understand the conclusions which are presented in this summary report is present in the appraiser's files. This report cannot be fully understood without reference to this material. The purpose of the appraisal is to assist the City of Georgetown, Texas in determining appropriate rental rates to be charged to various tenants and users of the airport. The intended user of the report is the City of Georgetown, Texas. The information and opinions contained in this appraisal set forth the appraiser's best judgment in light of the information available at the time of the preparation of this report.