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c� <br />low <br />FA <br />fm <br />r.. <br />XW <br />-M <br />w <br />4W <br />7'H <br />LM <br />OW <br />The generic framework for appraisals is as follows: <br />• Receipt of authorization <br />• Review of scope of work by principal and appraiser <br />• Review of material received by principal and appraiser <br />• Clarification of any questions with client by principal and appraiser <br />• Letter of Intent to Appraise by principal and appraiser <br />• Collection of market data by principal and appraiser <br />Inspection of subject property by principal and appraiser <br />• Inspection of comparable sales data by appraiser <br />• Description of property and project by principal and appraiser <br />• Determination of highest and best use by principal and appraiser <br />• Develop approaches to value by principal and appraiser <br />• Reconciliation of approaches to value by principal and appraiser <br />• Part Takes <br />° Review of damages and special benefits by principal and <br />appraiser <br />Consideration of existing easements by principal and <br />appraiser <br />° Appraisal of the after value by principal and appraiser <br />Valuation of any TCE by principal and appraiser <br />Conclusion and compensation by principal and appraiser <br />• Communicate findings to client by principal and appraiser <br />• Attendance of any meetings during project by principal and <br />appraiser <br />KiNeLny Page 9 <br />