Laserfiche WebLink
EXHIBIT 3 <br />APPRAISAL <br />September 29, 2015 <br />Overview of the Tbtal LS' -1 Streetlight System <br />Type Qty <br />Type <br />Overhead <br />Underground <br />Non -Wood 7,388 <br />65% <br />3,343 <br />4,045 <br />Wood _ 3,985 <br />35% <br />3,973 <br />12 <br />11,373 <br />100% <br />7,316 <br />4,057 <br />$3,444,612 <br />Transition Cost <br />64% <br />36% <br />1950-1959 <br />2,244 <br />1960-1969 <br />2,700 <br />1970-1979 <br />2,571 <br />1980.1989 <br />1,660 <br />1990-1999 <br />873 <br />2000-2009 <br />1,075 <br />2010 -present <br />250 <br />Valuation of'the Sellable L�'=+1 SYFee h'g, t y�tp�r1 "I <br />Qty <br />RCN6D <br />Marbelite (Concrete) 5,142 <br />$1,949,955 <br />Steel 2,204 <br />$468,488 <br />" Wood 471 <br />$451,065 <br />Total: 7,817 <br />$2,869,508 <br />Ad Hoc Replacements <br />$507,598 <br />Additional Fixtures / B Items <br />$67,507 <br />Subtotal <br />$3,444,612 <br />Transition Cost <br />$234,510 <br />Valuation Price <br />$3,679,122 <br />*Note: 12% of Wood Poles are sellable (streetlights attached to distribution poles or shared poles are excluded) <br />Ad Hoc Replacements represent poles replaced without developer's contribution <br />B Items include other asset components relevant to the sale (Le, riser poles, insulators, down guy, etc.) <br />Tax Neutral Adjustment is needed to recover any tax implication <br />Transition Cast is the severance cost to transfer ownership of the asset <br />55A-11 <br />