Loading...
Agenda 10/22/2024 Item #16B16 (Agreement for the purchase of right of way Parcel 1301FEE required for the Vanderbilt Beach Road Ext- Phase 2 Project)10/22/2024 Item # 16.B.16 ID# 2024-1082 Executive Summary Recommendation to approve an Agreement for the purchase of right of way (Parcel 1301FEE) required for the Vanderbilt Beach Road Ext – Phase 2 Project (Project No. 60249). Estimated Fiscal Impact: $62,400. OBJECTIVE: To acquire right of way needed for the Vanderbilt Beach Road Extension – Phase 2 Project (the “Project”). CONSIDERATIONS: The Project will extend Vanderbilt Beach Road from 16th Street NE to Everglades Boulevard. Collier County is seeking to purchase a fee simple interest in a right of way parcel (Parcel 1301FEE) required for construction of the Project. The improved parent tract is owned by Leslie Ann Diaz Osorio and is located on the south side of 12th Ave NE. Parcel 1301FEE consists of a strip taking along the rear, southerly boundary of the parent tract and is approximately 0.17 acres in extent. The attached appraisal report summary prepared by Carlson, Norris, & Associates, dated July 3, 2024, estimates the full compensation amount for Parcel 1301FEE to be $53,400. The attached Purchase and Sale Agreement reflects a negotiated purchase price of $61,400. If Parcel 1301FEE is not acquired by negotiation, it will have to be condemned. Should condemnation become necessary, the County will be required to pay attorney and expert witness fees according to Sections 73.091 and 73.092, Florida Statutes, plus other expenses related to condemnation. The Transportation Engineering Division accordingly recommends approval of the Agreement, as a better result is not anticipated if Parcel 1301FEE is condemned. This item is consistent with the Collier County strategic plan objective to design and maintain an effective transportation system to reduce traffic congestion and improve the mobility of our residents and visitors. FISCAL IMPACT: Funds of $62,400 are required, being the negotiated compensation amount of $61,400 and estimated closing and recording fees of $1,000 due to the potential partial release of mortgage fees. The primary funding source for the acquisition of right of way is impact fees. Should impact fees not be sufficient within a particular project, the secondary funding source will be transportation capital funds. No maintenance costs are anticipated until such time as the Project is constructed. GROWTH MANAGEMENT IMPACT: The recommendation is consistent with the Long-Range Transportation Plan and Objective 1 of the Transportation Element of the Collier County Growth Management Plan to maintain the major roadway system at an acceptable Level of Service. LEGAL CONSIDERATIONS: This item has been reviewed by the County Attorney’s Office. If the County needs to acquire this right of way by eminent domain, the costs of acquisition will be significantly greater than the proposed compensation and could lead to substantial project delays. With that noted, this item is approved as to form and legality and requires majority vote for approval. –DDP. RECOMMENDATIONS: 1. Approve the attached Agreement and authorize the Chairman to execute same on behalf of the Board; 2. Accept the conveyance of parcel 1301FEE and authorize the County Manager, or her designee, to record the conveyance instrument in the public records of Collier County, Florida; 3. Authorize the payment of all costs and expenses that Collier County is required to pay under the terms of the Agreement to close the transaction; and 4. Authorize the County Manager or her designee to take the necessary measures to ensure the County’s performance in accordance with the terms and conditions of the Agreement. Page 2938 of 7162 10/22/2024 Item # 16.B.16 ID# 2024-1082 PREPARED BY: Robin L. Goldsboro, Property Acquisition Specialist I, Right of Way Acquisition, Transportation Engineering Division. ATTACHMENTS: 1. Purchase and Sale Agreement 2. Appraisal Report Summary 1301FEE DOV 4-23-24 3. Aerial - Parcel 1301FEE Page 2939 of 7162 PROJECT: 60249 - Vanderbilt Beach Road Extension - Phase 2 PARCEL: 1301FEE FOLIO: 37395160000 PURCHASE AND SALE AGREEMENT (partial fee simple) THIS PURCHASE AND SALE AGREEMENT ("Agreement") is entered into this _ day of _, 2024, by and between LESLIE ANN DIAZ OSORIO and GIAN FRANCO SALUCCI ROJAS, wife and husband, whose mailing address is 2022 12th Avenue NE, Naples, FL 34120, (collectively, ''Selle/'), and COLLIER COUNTY, a political subdivision of the State of Florida, whose mailing address is 3299 Tamiami Trail East, c/o County Attorney's Office, Suite 800, Naples, FL 34112 (the "County''). Recitals A. Seller owns certain real property in Collier County, Florida, commonly known 2022 12th Avenue NE, Naples, FL 34120 (the "Property")l and B. The County desires to purchase a portion of Selle/s Property as described in Exhibit "A" attached hereto (the "Parcel'). NOW THEREFORE, the parties agree as follows: 1. AGREEMEITIT TO SELL AND PURCHASE. Seller hereby agrees to sell, and the County hereby agrees to purchase the Parcel on the terms and conditions set forth in this Agreement. 2. COMPENSATION, A. Amount. The compensation payable by the County for the Parcel shall be $61,400, subject to prorations, apportionments, and distribution of sales proceeds provided for in this Agreement. No portion of the compensation is attributable to personal property. B. Full Comoensation. The payment of the net sales proceeds to Seller, payable by County check at Closing (defined below), shall be (i) full compensation for the Parcel, including, wathout limitation, all improvements located on the Parcel as of the date of this Agreement; and (ii) full and final settlement of all other damages and expenses suffered or incurred by Seller in connection with Seller's conveyance of the Parcel to the County, whether foreseen or unforeseen, including, without limitation, and to the extent applicable, attorneys'fees, expert witness fees and costs as provided for in Chapter 73, Florida Statutes. A. Closino Date. Selle/s conveyance of the Parcel to the County (the 'Closing') shall occur within 30 days of the County's receipt of all properly executed Closing Documents (defined below). TIME lS OF THE ESSENCE. The Closing shall take place at the offices of the County's Transportation Engineering Division, 2885 Horseshoe Drive South, Naples, Florida 34104. B. No Adverse Chanoes: Risk of Loss. The County's obligation to close shall be contingent upon the County having determined that, between the date that the County completes its due diligence investigations and inspections under this Agreement and the Closing, there shall have been no adverse changes in the title, physical condition of the Parcel, or other matters previously approved by the County. Between the date of the parties' execution of this Agreement and the Closing, risk of loss shall be borne by Seller. lf the Parcel is damaged prior to Closing, excluding damage caused by the County, Seller shall repair and restore the Parcel at Seller's expense. 1 cFo 3. CLOSING OATE: POSSESSION. Page 2940 of 7162 Po SSESSION Seller shall remove Seller's personal property, vacate, and surrender possession of the Parcel to the County at Closing. Seller shall leave the Parcel free of all personal property and debris and in substantially the same condition as exists on the date of Seller's execution of this Agreement. The County shall have the right to inspect the Parcel prior to Closing. 4. CLOSING DOCUMENTS. As soon after the parties' execution of this Agreement as is possible, Seller shall (i) provide the County with a copy of Sellefs property survey and title insurance policy for the Property, if any, and (ii) deliver the following documents to the County, properly executed and in a form approved by the Collier County Attorney's Office (the "Closing Documents'): Warranty Deed; Closing Statement; Affidavit of Title: Form W-9 (Request for Taxpayer ldentification Number and Certification); Evidence of legal authority and capacity of the individual executing this Agreement on behalf of Seller to execute and deliver this Agreement and the Closing Documents; A Satisfaction, Partial Release, or Termination from the holder of each mortgage or other lien open of record encumbering the Parcel; A Partial Release or Termination of any leases or rental agreements that encumber the Parcel; A Termination, Vacation or Subordination of any existing easement that encumbers the Parcel, if required by the County; and Such other documents as the County or title company deems necessary or appropriate to clear title to the Property. Following the Closing, Seller shall execute any and all additional documents as may be requested by the County or title company to correct clerical errors, clear title, or otheMise carry out the intent of the parties. 5.CLOSING COSTS D DEDUCTIONS A. Countv's Closino Costs. At Closing, the County shall pay (i) the recording fees to record the conveyance instrument(s) and any curative instruments required to clear title; and (ii) the cost of an owner's policy of title insurance if the County elects to obtain one. Additionally, the County may elect to pay reasonable costs incurred and/or processing fees required by mortgagees or other lien holders in connection with the delivery of properly executed Satisfaction, Releases, or Terminations of any liens open of record encumbering the Property. The County shall have sole discretion as to what constitutes "reasonable costs and/or processing fees." C. Prorations. The following items shall be prorated as of the date of Closing, with the County entitled to the date of Closing: (i) ad valorem taxes based upon the most current assessment available, without discount, provided that if the current year's tax bill is not yet available, but a TRIM Notice has been issued, the ad-valorem taxes shall be prorated based upon the amount set forth therein; (ii) condominium/homeowner association assessments (other than those required to be paid in full under subparagraph B of this paragraph), and (iii) CDD/MSTU operating and maintenance assessments. b c d (0 (i) s h 2 cAO B. Seller's Closino Costs. At Closing, Seller shall pay (i) all state documentary stamp taxes required on the conveyance instrument(s) in accordance with Section 201.01, Florida Statutes, unless the Property is acquired under the threat of condemnation, in which case the conveyance is exempt from state documentary stiamp taxes; (ii) any apportionment and distribution of the full compensation amount provided for in this Agreement that may be required by any mortgagee, lien holder, or other encumbrance holder as payoff, paydown, or for the protection of its security interest, or as consideration due to any diminution in the value of its property righli (iii) all taxes and assessments that are due and payable; and (iv) the full amount of condominium/homeowner association special assessments and govemmentally imposed liens or special assessments (other than CDD/MSTU assessments) which are a lien or a special assessment that is certain as to the identity of the lienor or assessor, the property subject to the lien or special assessment, and the amount of the lien or special assessment. lf the Property is located within a Community Development District ("CDD") or Municipal Service or Benefit Taxing Unit ("MSTU'), the County shall assume any outstanding capital balance on the Parcel. Page 2941 of 7162 6. IRRIGATION SYSTEM AND MISCELLANEOUS IMPROVEMENTS. A. Relocation. Seller agrees to relocate existing irrigation, electrical, or other systems located on the Parcel, if any, including, but not limited to, irrigation lines, sprinkler valves, electrical wiring, etc. ('Systems"), prior to the commencement of construction, without any further notification from the County. Seller assumes full responsibility for the relocation of all Systems and therr performance on the remainder property after relocation. Seller holds the County harmless for any and all possible damage to the Systems in the event Seller fails to relocate the Systems prior to the commencement of construction. B. Retention of lmorovements. Seller acknowledges that the County has compensated Seller for the value of all improvements and landscaping ("lmprovements") located within the Parcel, and yet the County is willing to permit Seller to salvage said lmprovements provided same are removed from the Parcel prior to the commencement of construction. lf Seller elects to retain any lmprovements located on the Parcel, Seller is responsible for their removal prior to the commencement of construction, without any further notification from the County. All lmprovements remaining on the Parcel atthe time of commencement of construction shall be deemed abandoned by Seller. C. This section shall survive Closing and is not deemed satisfied by conveyance of title. 7. INSPECTIONS. A. lnsoectio ns. Following the date of the partaes' execution of this Agreement, the County shall have the right, at its sole cost and expense, to conduct whatever investigations and inspections ofthe Parcel that it deems appropnate, including, without limitation, a title examination, property survey, appraisal, environmental assessments, engineering studies, soil borings, determination of compliance ofthe Parcelwith applicable laws, and the like. Seller shall provide the County with reasonable access to the Parcel to conduct on-site inspections. The County shall promptly repair any damage to the Parcel caused by such on-site inspections. B. County's Rioht to Terminate. Notwithstanding anything in this Agreement to the contrary, the County's obligations under this Agreement to purchase the Parcel are contingent upon the County's satisfaction with the Parcel, including, without limitation, as revealed by the County's investigations and inspections as set forth herein. lf, prior to the Closing, the County identifies any objectionable matters and determines that such objections cannot be resolved lo the County's satisfaction through reasonable diligence, within a reasonable period of time, and at a reasonable cost all as determined by the County in its sole discretion, the County shall have the right to terminate this Agreement by written notice to Seller, whereupon neither party shall thereafter have any rights or obligations under this Agreement. The County may, but shall not be required to, provide Seller with an oppo(unity to rectify such objections. 8. SELLER'S REPRESENTATIONS AND WARRANTIES. Seller makes the icllowing representations and warranties on the date of Seller's execution of this Agreement, and shall be deemed to have repeated same at Closing: (a) Seller is the sole owner of fee simple title to the Property and has full right, power, and authority to own and operate the Property, to execute this Agreement, and to fulfill Seller's obligations under this Agreement and the Closing Documents. (b) No tenant or other party has any right or option to acquire the Parcel or to occupy the Parcel, or, if applicable, Seller shall disclose same to the County in the applicable Closing Documents. (c) Sellefs title to the Property is free and clear of all mortgages and other liens and encumbrances, except as may be disclosed in the title commitment, title report, or attorney title opinion obtained or to be obtained prior to the Closing. (d) Between the date of Seller's execution of this Agreement and the Closing, Seller shall notdoanything to encumber the title to the Property, or convey the Parcel to a third party, or grant to any third party any rights of any kind with respect to the Parcel, or do anything to change or permit to be changed 3 qoPage 2942 of 7162 the physical condition of the Parcel, without in each instance obtaining the County's prior written consent, which may be granted orwithheld in the County's sole discretion. (e) No maintenance, construction, advertising, management, leasing, employment, service, or other contracts affecting the Parcel shall remain in effect following the Closing. (0 There are no governmental proceedings or investigations of any kind, formal or informal, civil or criminal, pending or threatened, that may atfect the Property or adversely affect Seller's ability to perform Seller's obligations under this Agreement. (S) The Property is in compliance with all federal, state and local laws, including, without limitation, environmental laws; no unsafe levels of radon, mold, lead, or other pollutants or hazardous substances have been used, generated, stored, treated, or removed from the Property, nor is there any lawsuit, proceedrng, or investigation regarding same; the Property has never been used as a landfill, and there are no underground storage tanks on the Property; there has been no spill, contamination, or violation of environmental laws pertaining to any contiguous propertyi and Seller has not received notice and otherwise has no knowledge of any existing or threatened environmental lien against the Property. (h) None of the improvements located on the Parcel, if any, encroach upon adjoining properties, and no improvements located on ad.ioining properties encroach upon the Parcel. 9. DEFAULT: REiIEDIES. lf either party fails to perform any of its obligations under this Agreement and fails to cure such failure within 15 days after receiving wriuen notice thereof from the non-def,aulting party, the non- defaulting party shall have the right to terminate this Agreement by giving written notice of termination to the defaulting partyi without limitation of any other rights and remedies available to the non-defaulting party at law or in equity, including, without limitation, the right to seek specillc performance, and to recover damages, including attorney fees and court costs, in connection with such default; all rights and remedies being cumulative. 10. INDEMNIFICATION: WAIVER OF CLAIMS. Seller shall indemnify, defend, and hold the County harmless from and against all claims and actions asserted against the County, and all damages, losses, Iiability, penalties, fines, costs and expenses, including, without limitation, attorney fees and court costs, suffered or incurred by the County, arising from (i) Seller's representations and warranties in this Agreement or in any of the Closing Documents if untrue; or (ii) Seller's failure to perform any of Seller's obligations under this Agreement, irrespective of whether the County delivers a written notice of default to Seller; or (iii) injuries, accidents or other incidents occurring on the Property prior to Closing. f 1. NqME All notices given by either party to the other under this Agreement shall be in writing and shall be personally delivered, or delivered by a traceable courier, or mailed by U.S. certified mail, to the parties at their respective addresses set forth in the introductory paragraph of this Agreement, or such other address as may be specified by either party from time to time by written notice to the other party. Notices shall be deemed given on the date of receipt if personally delivered, or delivered by courier, or 3 days after mailing. 12. GENERAL P ROVTStONS. A. Successors and Assions. This Agreement shall inure to the benefit of and be binding upon the parties and their respective heirs, executors, personal representatives, successors and permitted assigns. B. Assionment. Th e parties shall not assign any rights or obligations under this Agreement to a third party without the prior written consent of the other party C. Entire Aqreement. This Agreement constitutes the entire agreement of the parties as pertains to the subiect matter hereol and there are no prior or contemporaneous written or oral agreements, undertakings, promises, warranties, or covenants not contained herein. D. Amendments. All amendments to this Agreement must be in writing and signed by both parties 4 qo Page 2943 of 7162 E. Time Periods. lf any deadline or expiration of any time period provided for hereunder falls on a Saturday, Sunday or legal holiday, such deadline or expiration shall be extended to the following business day. F. Survival. All provisions of this Agreement that are not, or by their nature cannot be, performed prior to the Closing, including, without limitation, Selleds representations, warranties, indemnity obligations, shall survive the Closing. G. Severabiliw. lf any provision of this Agreement is determined to be legally invalid or unenforceable, such provasion shall be severed from this Agreement, and the remaining provisions of this Agreement shall remain in full force and effect. H. No Waiver. No party shall be deemed to have waived its right to enforce any specific provision of this Agreement unless such waiver is in writing. Any such written waiver shall be applicable only to the specific instance to which it relates and shall not be construed as a continuing waiver as to future instances or as a waiver of any other provision. lN WTNESS WHEREOF, the parties have executed this Agreement on the dates indicated below, effective as of the date this Agreement is executed by the County. Date: 0 Ub 2024 LESLIE ANN o IAN FRANCO SALUCCI ROJAS Date COUNTY: COLLIER By AfiEST: CRYSTAL K. KINZEL, Clerk of the Circuit Court & Comptroller Deputy Clerk Approved as to form and I DEREK D. PERRY, ESO. Assistant County Attorney BOARO OF COUNry COMMISSIONERS COLLIER COUNTY, FLORIDA By CHRIS HALL, Chairperson ,)0 ,lq\\o .L .rt l. Governinq Law: Venue. This Agreement shall be governed and construed in accordance with the laws of the State of Florida. All disputes arising under this Agreement shall be brought solely in the courts in Collier County, Florida, and the parties hereby agree to said venue. SELLER: 2024 Page 2944 of 7162 EXHIBIT A Page 1 of 1 AVENUE NE N SQ.FT.FE OR SAIJARE FEET PROPOSEO FEE SIIJPLE ACOUEMON omcl^L REcoFos (BooK/PAoE) PROPOSE) FEE SIIIPLE PARCEL E S IE - ROW D IIDIEI{.ID | 04,/01 /2c2,1 EGAL DEjcRPnol{ F(N PTRCEL IJOIFE A PORNOX OF IRACI 70. COLDEN GAIE ESTAIES UNT 16, AS RECORDED IN PI.AT MOK 7, PAGEJ, OF THE PUBUC RECORDS Of COI.I]ER COUXTY, FLORIDA LYNG IN SECIK)N J8, TOYIT{SHIP {€ SOUIH, RANCE 27 EIST, COLUER COUNTY, FLORIDA BENG UORE PAFNCUUALY DESCRIBED AS FOtroyls: THE SOUIH IOO FEI OF THE EAST 75 FEEI OF lHE ITESI 18O FErI OF SAID IRACI 70. COI{IAINING 7.500 SQUARE FEEI, A5O BEING O,I7 ACRES, I'ORE OR LESS,Digitally signed by Michael Ward Date:2024.04.01 15:27:50 -04'00' r60 SKEICH & DESCRIPTION ONLY 5ttA. A UD. TEE$XL UrO C.nWOa rrrre rr Efi.E . xao. i.! NOI A BOUNDARY SURVEY lElr r._1!o, FOR| COLUER CoUNTY GOVEBNIIENT AOrAD Of COUNTY COUltlSSloNAs Rtt Ess 'EE " l!Flt Egl *it EX: ]H ROAD I Eii ERBILT B va$DBallr EEACB BO D EITB 8IOX/PETSE tr ETBTCE & DAIEnIPrION OT1 PROPOSE) rIE SIEI,E ACqUTSmON PAACEL TSOTFEE COIIJE COIINIY, NI}BIDA m N.d.. Fr,rd. 3.10ep@ ra, 5€7{sr5 Fr!:: {zs} ssrc5?a JO8 NUMBER 060119.08.00 REYISPil 00 1 SECTON J6 IWNSHIP ,raS F,qNGE 278 scatE 1' - l5O' oAlE 03/o1/24 DMTI{ BY TAT NLE MIIE SKIJOIFEE SHEET 11OF o C IRAC DE}l Or UNLtu( FMGg EE. I.(I1!o0 so.tl t70IE ESTT't87G E t-!'til!+64 Page 2945 of 7162 1919 Courtney Drive | Fort Myers, FL 33901 | Phone 239.936.1991 | www.carlsonnorris.com Page 2946 of 7162 1919 Courtney Drive | Fort Myers, FL 33901 | Phone 239.936.1991 | www.carlsonnorris.com Real Estate Valuation Experts Trusted since 1985 July 3, 2024 Collier County Transportation Engineering Division Attention: Lisa Barfield Review Appraiser 2885 South Horseshoe Drive Naples, Florida 34104 Re: 2022 12th Avenue NE Naples, Florida 34120 Acquisition Parcel: 1301FEE Our File Number: 24-108 To Whom it May Concern, At your request and authorization, Carlson, Norris, and Associates has completed an appraisal presented in an Appraisal Report for the recommendation for compensation of the acquired taking area from the subject parcel. The “As Is” recommendation for compensation opinion is made under market conditions prevailing as of April 23, 2024. The subject parent tract of this appraisal is a 1.14 gross acre site that can be located at 2022 12th Avenue NE in Naples, Florida 34120. The parent parcel is located along the south side of 12th Avenue NE with 75 feet of frontage along 12th Avenue NE. The parent parcel is rectangular and contains a total of 1.14 acres or approximately 49,658 square feet +/-. The parcel is improved with a single-family residence that contains approximately 1,822 square feet of net area that was constructed in 2024 (final building inspection approved post effective date on May 21, 2024). There is also a screened porch area of 255 square feet and two car attached garage of 432 square feet. Site Improvements include landscaping, utilities, and an asphalt driveway. The parts taken, parcel 1301FEE is a proposed roadway, drainage, and utility taking which will allow for the extension of Vanderbilt Beach Road. Plans for phase two include a new two-lane roadway with a footprint to allow for a four-lane roadway, or a six-lane roadway if required. The part taken is a 100 feet deep strip of area of the southernly portion or rear of the subject site that is rectangular and contains 7,500 square feet or 0.17 acres. The acquisition area does not contain any vertical improvements, and primarily consists of native vegetation. Data, information, and calculations leading to the value conclusion are incorporated in the report following this letter. The report, in its entirety, including all assumptions and limiting conditions, is an integral part of, and inseparable from, this letter. Any special assumptions and limiting considerations were especially noted in Section 7 of this report. Your attention is directed to these General Assumptions and Limiting Conditions which are part of this report. The following appraisal sets forth the most pertinent data gathered, the techniques employed, and the reasoning leading to the opinion of value. The analyses, opinions and conclusions were developed based on, and this report has been prepared in conformance with, our interpretation of the guidelines and recommendations set forth in the Uniform Standards of Professional Appraisal Practice (USPAP) of the Appraisal Foundation, the requirements of the Code of Professional Ethics and Standards of Professional Appraisal Practice of the Appraisal Institute. Page 2947 of 7162 COLLIER COUNTY TRANSPORTATION ENGINEERING DIVISION CARLSON, NORRIS, & ASSOCIATES 2 Collier County Transportation Engineering Division July 3, 2024 Page 2 Based on the analysis contained in the following report, our recommendation for compensation for the acquisition of the 1301FEE taking is concluded as follows: Part Taken Parcel 1301FEE Land $11,900 Improvements $0 Total: $11,900 Damages $41,500 Cost to Cure $0 Total Compensation $53,400 Compensation Conclusion Please refer to the attached appraisal report, plus exhibits, for documentation of the value estimates contained herein. It has been a pleasure to assist you in this assignment. If you have any questions concerning the analysis, or if Carlson, Norris and Associates can be of further service, please contact us. Respectfully submitted, CARLSON, NORRIS & ASSOCIATES Michael P. Jonas, MAI, AI-GRS, CCIM State-certified general real estate appraiser RZ2623 Hannah Dwyer State-registered trainee appraiser RI25089 Page 2948 of 7162 COLLIER COUNTY TRANSPORTATION ENGINEERING DIVISION CARLSON, NORRIS, & ASSOCIATES 3 Certification of Michael P. Jonas, MAI, AI-GRS, CCIM I certify to the best of my knowledge and belief: x The statements of fact contained in this report are true and correct. x The reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions and is our personal, impartial and unbiased professional analyses, opinions, and conclusions. x I have no present or prospective interest in or bias with respect to the property that is the subject of this report and have no personal interest in or bias with respect to the parties involved with this assignment. x My engagement in this assignment was not contingent upon developing or reporting predetermined results. x My compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in value that favors the cause of the client, the amount of the value opinion, the attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended use of this appraisal. x This appraisal assignment was not based upon a requested minimum valuation, a specific valuation, or the approval of a loan. x My analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the Uniform Standards of Professional Appraisal Practice of The Appraisal Foundation and the requirements of the Code of Professional Ethics and the Standards of Professional Appraisal Practice of the Appraisal Institute, as well as the requirements of the State of Florida relating to review by its duly authorized representatives. x The use of this report is subject to the requirements of the Appraisal Institute relating to review by its duly authorized representatives. x Michael P. Jonas has completed the requirements of the continuing education program of the Appraisal Institute. Certification is current through November 30, 2024. x Michael P. Jonas has made a personal inspection of the property that is the subject of this report. x I, the supervisory appraiser of a registered appraiser trainee who contributed to the development or communication of this appraisal, hereby accepts full and complete responsibility for any work performed by the registered appraisal trainee named in this report as if it were my own work. x Hannah Dwyer, Registered Appraiser Trainee License: RI24996, contributed five hours relating to development, research, inspection, and writing of this report. x Michael P. Jonas has extensive experience in the appraisal/review of similar property types. x Michael P. Jonas is currently certified in the state where the subject is located and has completed the continuing education requirements set forth with the State of Florida. Certification is current until November 30, 2024. Page 2949 of 7162 AERIAL – PARCEL 1301FEE (Vanderbilt Beach Road Extension Phase 2 Project No. 60249) / 12th Ave NE 10th Ave NE PARCEL 1301FEE Page 2950 of 7162