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�\m / ry EXHIBIT 3 <br />/ Valbridye Public Pay Parking Lot <br />%/ PROPERTY ADVISORS ADDENDA <br />Valbeidge <br />PWI.1 V x=Wus <br />Our reports are to be used only for the purpose stated herein anis none should rely on this report for <br />any other purpose You may show our reports in their entirety to those third parties who need to review <br />the Information contained therein. However, you agree to hold the appraiser harmless from any liability, <br />including attorney's fees, damages or costs which may result from any improper use of or reliance on <br />the report. by you or third parties. <br />Our professional fee is based an the probable number of hours required to inspect the subject property, <br />investigate market data, inspect and analyze data, reach a conclusion of value and write the report. our <br />fee for this assignment will be $4,000. Based on our current workload, we could complete the report in <br />4 v:eeks. In order to proceed with this assignment, it is necessary that we receive a retainer made <br />out to Valbridge Property Advisors for 52,000. Presented on the next few pages, are standard terms <br />of the appraisal contract. This proposal is submitted based upon our current schedule of <br />commitments. Thus, delays in receiving the requested information could result in an extension of the <br />delivery date for this appraisal. We appreciate the confidence implied by your request for this proposal <br />and look forward to the opportunity of wmking with you on this appraisal assignment. <br />Respectively submitted, <br />�- � () <br />John D. Penner, MAI <br />Senior Managing Director <br />General Certified, AGO01720 <br />If this contract is satisfactory to you, please sign a copy and return it to us along with the other <br />requested items. <br />Authorized to proceed as indicated. <br />By Title Date <br />© 2015 VALBRIDGE PROPERTY ADVISORS I Penner and Associates, Inc. <br />SA4-84 <br />Page 52 <br />