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EXHIBIT 3 <br />Valbridge Public Pay Parking Lot <br />SITE DESCRIPTION <br />PROPERTY ADVISORS <br />Development Standards <br />Development Regulations include: <br />1) Minimum lot size: None <br />2) Maximum lot coverage: None <br />3) Maximum building height: 35 feet <br />4) Minimum setbacks: 5 feet sides, 10 feet rear, and 15 feet front. <br />The requirement for off street parking varies based upon the use of the property. The parking <br />requirements are as follows: office - 3 per 1,000 gross square feet, retail - 5 per 1,000 gross square <br />feet, and medical office - 6 per 1,000 gross square feet. There are no improvements onsite, however, <br />it is the opinion of the appraiser that based on parking requirements the subject property's site could <br />support office, medical office, and retail. <br />Legal, Conforming Status <br />Legally Permitted Use: Yes <br />Conforms to Parking: Yes <br />Conformity Conclusion: Yes <br />Analysis/Comments on Site <br />The site is interior lot with frontage to a minor traffic street. The site is level in topography and is <br />rectangular in shape. Overall, the site is considered average is well suited for a parking lot. <br />© 2015 VALBRIDGE PROPERTY ADVISORS I Penner and Associates, Inc. <br />SA4-49 <br />Page 17 <br />