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EXHIBIT 3 <br />Va1bf idg2 Public Pay Parking Lot <br />Wf�LAND VALUATION <br />PROPERTY ADVISORS <br />estimated the value of the landscaping improvements at $3.00 per square foot, the tree at $1,000, <br />and the asphalt/concrete paving improvements at $5.00 per square foot. The parking lot <br />improvements appear to be in average condition with typical wear and tear. Thus, we have <br />depreciated the parking lot improvements by 50%, resulting in a cost of $2.50 per square foot. <br />Therefore, the value of the site improvements is estimated to be $11,000. <br />SITE IMPROVEMENTS VALUE INDICATION <br />Landscaping 600 SF x $3.00 PSF $1,800 <br />Tree 1 x $1,000/Tree $1,000 <br />Asphalt/Concrete Paving 3,329 SF x $2.50 PSF $8,323 <br />Total Value Rd. $11,000 <br />LAND VALUE INDICATION <br />Land Area (square feet) 3,929 SF <br />Indicated Value PSF $36.75 <br />Indicated Value 4144.391 <br />$1 <br />Final Land Value Determination from Sales Comparison Aooroach f ld.l Q1ss.0001 <br />© 2015 VALBRIDGE PROPERTY ADVISORS I Penner and Associates, Inc. <br />SA4-72 <br />Page 40 <br />