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Reconciliation and Conclusion of Value <br />On the preceding pages we have developed opinions concerning the larger parcel and the components of <br />it which are relevant to the parts acquired and temporary impacts. The following valuation summary <br />presents our conclusions of the total fair market value of all property rights proposed for acquisition from <br />the larger parcel. <br />Valuation Summary <br />Date of Value: October 26, 2021 <br />Permanent Property Rights <br />Value of Larger Parcel <br />Permanent Parts Acquired <br />Value of the Remainder as Portion of the Whole <br />Value of the Remainder in the After Condition <br />Severance Damages <br />Benefits <br />Net Severance Damages <br />Fair Market Value of Permanent Property Rights Acquired <br />Temporary Property Rights <br />Value of Temporary Construction Easement (TCE) - Land Only <br />Value of Site Improvements within Acquisition Area <br />Total Value of Temporary Construction Easement <br />Total Fair Market Value of Proposed Acquisition <br />Rounded <br />Value of Property Rights <br />Valuation Opinions to be Acquired <br />$1,587,120 <br />$131,600 <br />$1,455,520 <br />$1,455,520 <br />$0 <br />$131,600 $131,600 <br />$2,932 <br />$2,932 $2,932 <br />$134,532 <br />$135,000 <br />The above is a summary of my appraisal prepared at the request of, and to be used by, the client to <br />comply with Code of Civil Procedure Section 1255.010(b). My appraisal is the basis for this summary and <br />was made in accordance with accepted appraisal principles, consistent with California Valuation Law. <br />Stephanie L. Kavanaugh, Certified General Real Estate Appraiser, Certificate No. AG030565, provided <br />assistance in this assignment. <br />J. Richard Donahue, MAI, FRICS <br />Certified General Real Estate Appraiser <br />Certificate No. AGO08427 <br />Expiration Date: April 12, 2023 <br />Page 7 <br />