g  Pamela Durrance, City Manager  Gerald Buhr, City Attorney John Scheel, Police Chief PHONE: 863-375-2255 FAX: 863-375-3362 nttps//www.bowlinggreenfl.org  Charlette Ganas, Assistant City Manager/City Clerk  CITYOF  104 East Main Street Bowling Green, FL3 33834  BOWLING GREEN  Presentation: Sale of 9.13 Acres of City-Owned Property  Background  Previous Bids:  The land had two bids, with the highest bid being $70,000. Current Appraisal: The propertyi is appraised at $164,000. Current Status: The bids were tabled by the City Commission.  Analysis of Previous Bids Bid Comparison:  Highest Bid: $70,000 Appraised Value: $164,000 undervaluation by the bidders.  Discrepancy: The highest bid was significantly lower than the appraised value, indicating a potential  Justifications for Re-Bidding 1. Financial Fairness:  True Market Value: Re-bidding can help ensure the property is sold closer to its appraised Increased Revenue: Selling at a higher price will provide more financial resources for city Improved Bidding Environment: By re-bidding, we can attract more bidders who might not have been aware of the previous bidding opportunity, potentially increasing competition and Economic Factors: Changes ini the market or economic conditions might lead to higher bids this Better Utilization: Selling the property at a fair market value ensures that the land can be developed to its full potential, benefitting the communiylhoughinceasaddevelopmemttax  value, providing the citywithaf fair market price.  projects and initiatives.  2. Market Conditions:  thei final bid amount. time around.  3. Community Benefit:  revenue, and utility fees.  COMMISSIONERS: N'Kosi. Jones, Mayor, Sam Fite, Vice Mayor, David Durastanti, Cliff Lunn, Francisco Arreola    FUNLNGREI  Pamela Durrance, City Manager  Gerald Buhr, City Attorney John Scheel, Police Chief PHONE: 863-375-2255 FAX: 863-375-3362 nttps./www.bowiinggreent.org  Charlette Ganas, Assistant City Manager/City Clerk  CITYOF  104 East Main Street Bowling Green, FL: 33834  BOWLING GREEN  Strategic Considerations  Transparency and Fairness: Ensure the re-bidding process is transparent and fair, encouraging Marketing Strategy: Implement a robust marketing strategy to reach a wider audience, including real Evaluation Criteria: Establish clear evaluation criteriai for thel bids to ensure the selected bid aligns with  maximum participation and competitive bids.  estate developers and potential investors, to increase interest in the property.  the city's strategic goals and community needs.  Conclusion  Recommendation: Approve the re-bidding of the 9.13 acres of city-owned property to achieve a sale Next Steps: Proceed with re-advertising the property for bid, ensuring wide dissemination and  price that reflects its true market value. transparency int thej process.  Q&A  Open the floor for questions and provide further details as needed.  Supporting Details: Previous Sale and Legal Review  Parties Involved in Previous Sale: Interim City Manager Durrance, Vice-Mayor Fite, Mayor Jones, Interim City Clerk Kinzel, City Attorney Buhr, and National Development Corporation (NDC).  Bid Amounts: Attorney's! Review:  Previous Bid: Highest bid was $70,000. Appraised Value: $164,000.  Nos specific zoning stipulations required as part of the previous bid.  Acceptance of any future bid: should include a caveat that no particular zoning is promised. Any zoning changes must go through the standard process without any guaranteed outcomes. Ift the city wants precise zoning requirements, a covenant or other agreement must be added  toi thet title.  Comparison of Previous and Proposed Re-Bidding Process  Previous Sale Process  Bid Amount and Value:  Highest bid was $70,000 for the 9.13-acre property.  COMMISSIONEFSNKOSI Jones, Mayor, Sam Fite, Vice Mayor, David Durastanti, Cliff Lunn, Francisco Arreola    AMROE  Pamela Durrance, City Manager  Gerald Buhr, City Attorney John Scheel, Police Chief PHONE: 863-375-2255 FAX: 863-375-3362 nttps://www.bowlinggreenf.org  Charlette Ganas, Assistant City Manager/City Clerk  CITYOF  104 East Main Street Bowling Green, FL 33834  BOWLING GREEN  Property appraised at $164,000, indicating a significant undervaluation. Bidding Outcome: Thel bids weret tabled by the City Commission due to the low bid amounts.  Property Details:  Nos specific zoning stipulations required. Anyz zoning changes would follow the standard process.  Proposed Re-Bidding Process  Bid Amount Expectation: Aim to receive bids closer tot the appraised value of $164,000. Marketing and Outreach: Implement a more extensive marketing strategy to attract a broader range Bidding Process: Ensurei transparencyandi fairness, with clear evaluation criteria to select the best bid. Recommendation: Re-bid the 9.13 acres of city-owned property to secure a price that better reflects Next Steps: Approve the re-bidding process and begin re-advertising the property to attract  of bidders.  Conclusion  itsn market value. competitive bids.  Q&A  Open thei floor for questions and provide further details as needed.  COMMISSIONERS: N'Kosi Jones, Mayor, Sam Fite, Vice Mayor, David Durastanti, Cliff Lunn, Francisco Arreola    William K. Boyd, Inc. Real EstateAppraisers & Consultants  Commercial. Residential Agriculture Livestock Equipment  APPRAISAL REPORT  of the  9.13 acres of vacant land  located at OLake Branch Road Bowling Green, FL 33834  prepared for the Town of Bowling Green  Effective December 3, 2021  Main Office 1584LakevieDive Sebring. FL3 33870 410Northmest2"s: Satellite Office Okeechobee. FL 34972 Phone: 363325-5192 MAboyd@wkbovdcom  920215 by William K. Boyd. Inc.    William K. Boyd, Inc.  MainOffice 1564 Lakeview Drive Sebring, FL33870 Satellite Office 4101 Northwest 2nds St Okeechobee, FL 34972 Phone: 863385-6192 Fax: 866-384-0258 kboydewkboyl.com  Real Estate Appraisers & Consultants  December 28, 2021  Ms. Maria Carmen Silva, Town Clerk Town of Bowling Green 104 East Main St. Bowling Green, FL: 33852  VIA: sla@bowinorentlong  Dear Ms. Silva:  Aty your request, I appraised the 9.13 acres of vacant land located at 01 Lake Branch Road, Bowling Green, FL 33834 and is more particularly described within the body of this appraisal report. The intended user of this report is the client known as the City of Bowling Green. The purpose of the appraisal is to provide ani independent opinion oft the estimated market value of the fee simple interest in the subject real property. The function and intended use to assist the intended user in evaluating the subject for possible disposition purposes. use is prohibited as per Standard Rule 1-2 (b) of Uniform Standards of Professional Any  other is Appraisal  Practice.  The subject was observed on December 3, 2021, which is the effective date of the appraised value of the subject. The time during which the appraisal process was conducted, and This is an appraisal report, which is intended to comply with the reporting set forthunder Standards Rule 2-2(a) oft the Uniform Standards of Professional Appraisal requirements Practice for an appraisal report. As such, it presents only summarized discussions of the data, and analysis that were used in the appraisal process to develop my opinion of value. reasoning, documentation concerning the data, reasoning, and analysis is retained in my office Supporting files. The depth of discussion contained in this report is specific to the needs of the client and for the  the report produced was November 3 - December 28, 2021.  intended use stated.  2  File#C21-910  02021 Willam K. Boyd, Inc.    My scope of work included the following:  A review of the subject information and GIS map located on the Hardee County Property Areview and analysis oft the Hardee County Property Appraiser's website, the Heartland & Stellar Multiple Listing Services, and Florida Realtors MLS Advantage for sales of acreage tracts within three miles of the subject that have closed since January 1, 2021. It is with consideration of the above that I formed an independent opinion of value for the subject property by applying the sales comparison approach. The sales comparison approach is the only applicable approach for vacant land and was the only approach applied. The cost approach and the income capitalization approach are not applicable approaches to value vacant Based upon my investigation of the subject property, analysis of the data in this appraisal report, along with my overall experience with these types of properties, I have estimated the "as is value"1 oft the subject. Therefore, it is myi independent opinion that the market value oft the subject This letter of transmittal is part of the appraisal report that follows, setting forth the most pertinent data and reasoning used to conclude the final value. Use of this report constitutes acceptance of the General Assumptions and Limiting Conditions listed at the conclusion of this  Appraiser's web page Acursory observation of the subject  land.  property "As Is"is $164,000.  report.  Respectfully Submitted, hbn KBpl WILLIAM K. BOYD STATE-CERTIFIED GENERAL REAL ESTATE APPRAISER RZ338  WKBllyb  "As Is Value" defined ast the market value oft thes subject as oft the effective appraisal date  3  File #C21-910  02021 William K. Boyd, Inc.    TABLE OF CONTENTS  PARCEL IDENTIFICATION NUMBERS LEGAL DESCRIPTION. SALES HISTORY. LISTING HISTORY. COUNTY PROFILE. DEMOGRAPHICS ZONING MAP. FUTURE LAND USE MAP:. ELEVATION MAP. NEIGHBORHOOD MAP. SUBJECT PHOTOGRAPHS. ENVIRONMENTAL CONDITIONS. EXISTING USE. HIGHEST AND BEST USE AS VACANT EXPOSURE TIME. MARKETING TIME. COMPARABLE SALES. COMPARABLE SALES GRID. COMPARABLE SALES MAP. CERTIFICATE OF APPRAISAL ADDENDUM  HARDEE COUNTY PROPERTY APPRAISER GIS MAP.  10 12 13 14 15 16 17 17 19 19 20 23 24 25 26 29 31 32 33  HARDEE COUNTYZONING MAP OF ADJOING PROPERTIES.  SUMMATION AND ANALYSIS OF COMPARABLE LAND SALES. GENERAL ASSUMPTIONS AND LIMITING CONDITIONS  HARDEE COUNTY PROPERTY. APPRAISER'S INFORMATION. APPRAISER QUALIFICATIONS. ANDI LICENSE.  File#C21-910  02021 William K. Boyd, Inc.    PARCEL DENTIFICATION NUMBERS  93925.00.00700 Hardee County, FL  LEGAL DESCRIPTION  9.13 AC N1/2 OF NW/4 OF NE/4 E OF SR 664-A LESS COM NW COR E 30.23 FTT TO EF RWW LINE FOR POB SE/LY 316.20 FT N 23E 96.70 FTI N 4W TO PT ON N LINE OF NW/4 OF NE/4 TO POB & LESS S: 268 FT OF N1/2 OF NW/4 OF NE/4 E OF SR 664-A & LESS N1 175FTC OFW  498 FT OF E 1051.12 FT OF N1/2 OF NW1/4 OF NE1/4 0933S25E  Hardee County, FL  SALES HISTORY  Per the Hardee County Property Appraiser information, the subject property has not been transferred in the last three years. This is reported in compliance with Uniform Standards of  Professional Appraisal Practice Standards Rule 1-5(b).  LISTING HISTORY  Per the Heartland & Stellar Multiple Listing Service the subject has not been listed for sale during the past year and a Google search did not produce any results that indicated that the subject was for sale. At the time of my site visit, there was no noticeable signage indicating that the subject was for sale. This is reported in compliance with Uniform Standards of Professional  Appraisal Practice Standards Rule 1-1(b) and FAQ226&228.  File #C21-910  02021 William K. Boyd, Inc.    COUNTY PROFILE  Hardee County Florida's 52nd most populous county with 0.1% of Florida's population  "Zoito Springs  Population  Reai Gross Domestic Product  Census Population 1980 Census 1990Census 20000 Census 20100 Census 20200 Census "change2010-2020 Age Under1 1Byearsofage Race! laicne)aEtnicty Natlispank-Whte NotHispanic- Elacko or AfricanA American NetH Hispanic-A American Indiana andA AlaskaNatie Noti Hispanic-Asian NotHispanic Natheh Haaaian: ando Other Pacific Islander NotH Hispanic- Some Oher Race NotH Hepanic-T Taoc orMoreF Races Hepanic crlatino (oanyrace) HeusehelPegulstien; per OcapedHousingUnt Estimates andi Projections 2020E Esfimate Basedo on: 2020E Estimate 2025 2030 2035 2040 2045 2020MedanAge Languages spckena atlomecherhunEngiaa Persons aged5 andover Placecfbirth Foreignbom Veterans statis CManpepulatoni 18a andover Households Totalhouseholds, 20000 Census Famiyhouseholis, 2000 Census witho onno chidrenu under 18 Totalhouseholds, 2010 Census Famlyhousehoids. 20100 Census %witho CAnO chidrenu under13 Average! Househcids Sze, 2010Census Average Family Sice, 20100 Census  Hardee County 20,357 19,499 26,938 27,731 25,327 -8.7% 25.6% 46.9% 83% 02% 0.7% 00% 0.1% 1.9% 41.9% 291 27.443 27,464 27,483 27,500 27,515 27,529 34.1 Hardee County 37.7% 10.1% 60% Hardee County 3,166 6253 45.5% 8.245 6,172 45.5% 3.12 3.52  Florida RealGDP 9.746,961 2015GDP ThousndsafChained2 2012Dollars) 12,938,071 15,982.824 2016GDP 18,801,332 21,538,187 2017GDP PercentoftheSlate 14.6% 19.5% 51.5% 14.5% 02% 2.9% 0.1% 0.6%5 Housingc Counts 3.7% Housingunts, Occupied 2020Cersus 25.5% Vacant 247 Units Permitted 21,596.068 2000 1990 2010 23,138.553 2011 24,419,127 2012 25,461,663 2013 25,366,415 2014 27,149.835 2015 41.8 2016 2017 2018 Florida 2019 2020 294% Density Persensp persquaremle 20.7% 2000 2010 $6 2020 Florida Residence Personsa 1Year Ago 6,338,075 Saneh house aged1 ando over 4:210,760 42:3% DiererthicusenteUs. Samec 7,420.202 4,835.475 40.0% Abroad Dherertcartihanbers state 2.48 3.01  Hardee County 1,009,442 842,269,369 0.1% 1,097,459 870,963,202 0.1% 1,074,211 901,903,549 0.1% 1,007,522 936,500,274 0.1% 1,023,242 963.255,865 0.1% Hardee County 9,820 8,059 1.761 57 6 12 17 17  Florida  PercentoftheSiste PercentcftheState 2013GDP PercentoftheSlate 2019GDP Percentofthes State  Housing  Florida 9.855,350 8,529,067 1,336:283 126,384 155,269 38,679 42.360 64,810 86,752 84,075 109.924 116:240 122,719 144,427 154,302 164,074 Florida 296.4 350.6 4014 Florida 84.5% 14.4% 85% 3.1% 2.8% 11%  Population Characteristics  Hardee County 423 435 39.7 Hardee County 93.3% 65% 3.7% 24% 04% 02%  Househoids and Famlly Households  Differento countyinF Florida ccurtyinF Flerida  6  Filet #C21-910  02021 William K. Boyd, Inc.    COUNTY PROFILE (CONTD)  Hardee County 2020p preliminary Mning Trade, Other Services Govemment Annual Industries, 2020p preliminary Mning Manufacturing Trade, Transportatien Information FnancialA sinesss Services Esucation Health Serices Leisure: andHosptaity Others Services Percento ofPopulation Ider  Employment and! Labor Force Florida SofAlindusties, 763,477 Alindusies 5511 NaturalResource 77530 Construction 21812 Manufacturing 15,824 Trade, Transportatons andUbites 13,452 Information 83,694 FnancialA Acthdties 87,325 Services 87,735 Educations Healt 60.978 Hospitalty 66,376 Other nices 5,894 Govmment AverageA Annualy Wage Florida 8452,413 085 Ming 675 45% 20.5%5 Tade, 15%5 695 16.14 Servicas 1535 Health Serices 11.9%5 dHospilty 30% Others Serices 1255 Goemment County Florida UnemploymentR Rate 677% 6455 1990 55.6%5 6425 2000 58.7% 5185 2010 41.9 543%5 2020 Income and FinanciaiHealth Hardee County Florida PwrCiplaPesonikaone $304318 5257571,430 1950 $475525 $472.551,789 2000 5544393 5732457,78 2010 $663060 5771,409.51 2011 375 535 change2010-11 693.142 5800.551,723 2012 385 35%5 Schange2011-12 663,867 $802.975.,701 2013 42% 035 change2012-13 692.252 5861412309 2014 73%5 Schange2013-14 23.752 $919.834,894 2015 6% 655 Schange2914-15 5954.068.719 2016 375 Schange2015-16 51.023,131,115 2017 725 "change2015-17 32,121 0E7,188628 2019 535 Schange2017-18 1,139,799.293 2019 435 schange2013-19 1,203.995921 2020 52% Schange2019-20 Medianhcome $180912 $151,135.722 Mkdanlousthaidkcame 297,234 $308,751,767 Wedanfanhrincome 970 $438.583.914 642 $450,493.606 PercentinPoverty,? 2019 25%5 Alagsinpovert $468,410.475 Underage! I3npoverty 95 0s $482898.301 9 3.1% PersonalB Banl 25,157 5512375,290 iperi, 6.15 2-Mon 447515 $541408.719 35 635 SlateR 5569.769.284 75 $603,668,170 535 WorkersA Aged1 5639620,151 Flaceofw Werk lorida 05 5671.553,143 Trael TmeloWerk 255 505 Veant 479.185 $688.764.753 924 25%  Hardee County 121  Hardee County 21.04 80 % 5.7%  89% 8.0% 25 County $37,751 $35,404 $41,946 $34,631 $41,847 $38.916 560.349 534.514 $36,929 $17366 $25,688 $41,954 12.0% 605 1155 695 Hardee County 515,473 $17,316 $23,237 $24,134 395 $25,267 475 524311 3815 325.355 455 526,542 495 $25,905 -2855 $27,923 785 $27010 33% 528389 515 $31,775 1195 538,582 $49:344 221% 28.35 Hard HardeeCounty 259% 243  Florida 763477 07 02% 29 19.15 85 HS 11.5% S.0* 741 035 Florida $55845 $37,711 566. $58.795 625 3.8% 10.85 3345 Flurida $19763 $29,466 538,865 40,482 475 55 069 3383 565 45,483 435 $46253 17 $:877 5.55 55150 4.95 $53.034 375 $56.575 5.01 555,560 $67414 1275 1825 16.95 Florida 205 12 Flerida 18:245 273  Hardee County 6,779 18.0%  Personalin ncome 5000s) 1990 2000 20:0 2011 change2 2010-11 2012 "Schange2 2011-12 2013 Schange2 2012-13 2014. change2 2013-14 2015 Schange2 2014-15 2016 Schange2 2015-16 2017 Schange2 2016-17 2013 .change2017-18 2019 Schange2 2018-19 2020 "change2 2019-20 Eamingsb byP Placeo ofWork ($000s) 1990 2000 2010 2011 Schange2010-11 2012 change2011-12 2013 Schange2012-13 2014 Sichange2013-14 2015 Schange2014-15 2016 Schange2015-16 2017. Schange2016-17 2013 Sichange2017-18 2019 change2018-19 2020 Sichange201930 File# #C21-910  020  7  02021 William K. Boyd, Inc.    COUNTY PROFILE (CONTD)  Hardee County Revenue2 2018-19 Total- ARevenueA AccountCodes ($000s) PerCaptas "ofTotal Taxes ($000s) PerCaptas ofTotal Permits, Fee,andSpecial/ Aesessments (5000s) PerCaptas %dfTotal higoemeiRevmues $000s) PerCaptas Total PerCaplas SofTotal Judgments, Fnes,andForfets S000s) PerCaptas ofTotal Mscellaneous 5000s) PerCaptas ofTotal Others Sources (S000s) PerCapis ofTotal NetCaurRectes) Crime Crimer rate, 2020 ndexcrmesper) 100,0Opopulstion) Admssionslop prisonF FY2019-20 per1 100,0C0 pepdateFY2019.30 Transportation StateHighway CerterlineM Mies Lane! Mles StaleBridges Number State Facilities Buldings/Facites (min. 300 Square Feet) Number Square Foatage Conservationl Land! landa acreso only) (ncudesp partially-caned) bofT otal nservatio CL) realard ofFlorida State- State-Managed safTol/Censenatont ofT TotalA AreaLand "ofFloridas Slate-ManagedCL  Pages HardeeC Florida" County $60,121.95 $44.233,424.76 $2.19543 52,185.67 1000% 100.05 $18,14780 $7,462.547.96 $66269 $368.76 302% 16.9% $17,28259 $10,847,409.29 $631.10 $535.99 26.7% 24.5 $4,193.93 $5,318,683.50 $153.15 $26231 7.0% 1205 $13,48221 $5,298,301.67 $49232 $261.30 22.4% 12.0% $1,026.89 51,655,038.31 $3750 $81.78 1.2% 37% $1,060.19 $3,755,466.15 $38.71 513557 1.85 a5% $1.205.19 $1,814,97848 $4401 $89.68 2.0% 4.1% $3.666.17 $7,163,763.93 513351 $35358 6.1%5 1625 $66.99 5916,834.54 $245 $45.30 0.1%5 2.1% Hardee County Florida 80.1% 83.6* 9195 92.4% 74535 80.66 HardeeCoumty Courty-Wde NetCountyVide" a.2038 5.9230 05869 ategory Education Hardee County School District  Reported County Government Revenues and Expenditures Hardeec County Florida" Expenditures 2018-19 $60,9729 $48,723,763.0 ($000s) $2.22651 $2.40755 1000% 100.0% $17,043.6 $16,114,5733 $622.37 $796:26 2305 33.1% $3,2537 $2,274,1848 $11881 $112.37 535 4.74 $20,906.1 $5,241,865.1 $76342 $259.01 34.3% 10.3% $5,2024 $14,324,919.1 $i89.97 5707.83 855 29.1"6 $1992 $196,1085 5727 $9.69 035 04% $10,734.1 $1,713,3703 $391.97 $84.66 1765 3.5% $3,533.7 $8,858,7220 $132.69 5437.73 605 18.2%  Total- AlEpendtureA Accounto Codes PerCapitas ofTotal General GowmmentSenicus" (S000s) PerCapias SofTotal PublSafety (S000s) PerCapitas ofTotal PhyskalEnvivmment (S000s) PerCapitas ofTotal Transportation (5000s) PerCaplas SofTotal EconomicE Envionment (S000s) PerCaptas SofTotal HumanServices (S000s) PerCapias SdfToltal ($000s) PerCapilas SofTotal Churlheandhsmou, (5000s) PerCaptas SdfTotal CauRaadEgendare (5000s) PerCapias ofTotal  Thec  QualltyofLite  Health! Insurance Status  Hardee County 2,091.6 57 2077 HardeeC County 955 2347 59 544,151 65,539,144 661 5.95: 024 005 10,529 955% 255 025  Florida Percentl Insuredby AgeG Group 2,152:3 Under6 65vears 21,276 Under 19years 18064y years 985 Florida Milage Rates 12,1358 County 45,111.7 School Municpal 7,079 SpecialDstricts 9,426 Public Educations Schocis Traditional Setting(2020-21) Totals stutetotincudess specaidsarcts) Elementary 5,479,547 Middle 518 SeniorHigh 16.0%6 Educationala attainment 5,627,174 Persons aged2 53.24 HS gradusteorhigher 16.4% Sbaehwncegecigr  Statel Infrastructure  State andi LocalTaxation  0.7560 Florida 3,744 1.883 573 715 573 Florida 882% 29.9%  Hardee County 7725 1025  Preparesby Oricedt 111W. 850,487-1402  File#C21-910  02021 William K. Boyd, Inc.    DEMOGRAPHICS  Demographic Overview For A1 Mile Radius from! Subject Property*  Persons Households Percent Children  5,703 Families 1,768 Persons Per Household 32.23% Ag:0to17 o Agu13to25 Age25t045 Age45t054 Age55t054 Ag55andover  1,315 3.2  Age Distribution  Occupancy- Rent vs Own  Owner Occupant  Source: 2010 Census /US Census Bureau House Median) Year Built Average Home Value Average Rent  1987 Per Capita Income $57,400 Average Household] Income $652  $12,296 $30,577  Education Attained  Education- Current Enrollment  et Sth gnde arlover 09th-1 12th ins diploa OHS Diploms/GED OSoas Collage CAssacit Degra eEachalor Degr Gndunt: Dign  emuhoalnniryin, e Gndis Schsal cMiadles Sthani pHighs Schoal Callege Gndunte Sthoal  Family Type  Place Or Employment  Marint Single/FemtHas Jingl/Maalns  e Hlarkin County oMark Out OfCounty Nark Outo ofStite  Year Built Distribution  Occupation  e since 2010 e: 2000-2003 01330-1333 01330-1339 01970-1379 01350-1959 21350-1353 01343orbdon  eMgnt/Praf Haaltheare es Servica et Stlas/Ottice OFurming Constructian! Praduction  Source: 2018 American Community Survey, 5 year estimates, /US Census Bureau  9  File# #C21-910  02021) William K. Boyd, Inc.    HARDEE COUNTY PROPERTY. APPRAISER GIS MAP  A current survey would be required to determine any encroachments, exact lot dimensions, site size and exact flood zone location. It is the intended user's responsibility to obtain an interpretation letter regarding zoning classification, future land use designation and conforming uses of the subject present or proposed by any and all governmental regulatory agencies. Ihave reported only apparent adverse site conditions, if any, and have not fully  researched all public records.  10  Filet #C21-910  02021 William K. Boyd, Inc.    ZONING MAP  Bowling Green Zoning R-1- Single Family Residential R-2- Single and Two Family Residential R-3-N Multiple Family Residential C-1- General Retail Commercial C-2-S Service Commercial C-P- Commerce Park I-Industrial P-I- Public Institutional P-R-Public Recreation Unassigned  11  File: #C21-910  02021 Wiliam K. Boyd, Inc.    FUTURE LAND USE MAP:  E  - -  KGAA  Bowling Green Future Land Use Low Density Residential Medium Density Residential Commercial Mixed Use Commerce Park Industrial Public Buildings and Grounds Recreation Conservation  12  Filet #C21-910  02021 William K. Boyd, Inc.    HARDEE COUNTY ZONING MAP OF ADJOING PROPERTIES  505 529  545  4110  4049  Bowling Green Zoning R-1- Single Family Residential R-2- Single and Two Family Residential R-3-Multiple Family Residential C-1- General Retail Commercial C-2- Service Commercial C-P- Commerce Park I-I Industrial P-I- Public institutional P-R- -Public Recreation Unassigned  13  File#C21-910  02021 Wiliam K. Boyd, Inc.    ELEVATION MAP  4110 04 4051: 4073  St  4049  131  14  Filet #C21-910  02021 William K. Boyd, Inc.    NE/GHBORHOOD - MAP  AVON'ST BANANASTE  ARDEES LEEST BROWARDS ST,E, MONROEST  KEE EBMCNES  15  File# #C21-910  02021 William K. Boyd, Inc.    SUBJECTPHOTOGRAPHS  DRIVEWAY EASEMENT ON WESTERN  LAKE BRANCH RD FACING NORTH  BOUNDARY  LAKE BRANCH RD FACING SOUTH  WESTERN PORTION FACING WEST  EASTERN PORTION FACING EAST UNABLE TO GAIN ACCESS THROUGH LOCKED  GATE  16  File #C21-910  @2021) William K. Boyd, Inc.    ENVIRONMENTAL CONDITIONS  lam not aware of any environmental conditions that would have a negative effect on the subject however it is at the intended user's discretion to obtain an environmental  audit.  EXISTING USE  Western Portion - Used as storage Eastern Portion Used for livestock grazing  HIGHEST AND BESTUSE. AS VACANT  Physically Possible The physical characteristics of a site that affect its possible use(s) include, but are not limited to, location, street frontage, size, shape, street access,  availability of utilities, easements, soils and sub-soils, and topography.  The subject is irregular in shape containing 9.13 acres with 170 feet of road frontage on Lake Branch. The topography is level with an elevation of approximately 85 ft above sea level. No known physical constraints would impede the development of the  site toi its highest and best use.  Legally Permissible - Legal restrictions, as they apply to the subject property, are public restrictions such as zoning, building codes, historic district controls, and  environmental regulations, and private restrictions.  The subject is located within the city limits of Bowling Green. The subject is zoned Industrial and has at future land use designation of Industrial. There are no known private restrictions. It appears that there is a shared driveway easement that provides access to the property directly to the north of the subject. This easement impedes approximately  0.69 acres on the northwestern portion of the property  17  File# #C21-910  02021 William K. Boyd, Inc.    HIGHEST AND BEST USE (CONTD)  Financially Feasible - In determining if a use is financially feasible, a study is made to analyze possible uses to decide if they are likely to produce income sufficient to satisfy operating expenses, financial expenses, and capital amortization. Uses that are expected to produce a positive return are considered financially feasible. Effective rental rates, occupancy level, operating expenses, debt service, and equity capital requirements are such that current construction of most types of commercia/industrial developments  are not financially feasible.  There has been no new construction within the immediate neighborhood of commercial income producing properties that are not owner occupied or operated. Iti is my opinion that development at this time would not be financially feasible.  Maximally Productive - Based upon the current economic conditions, along with the subject location, iti is my opinion that the maximally productive use oft the subject would be to hold for future development until adequate demand returns to develop the subject  for owner-occupied commercla/industral use.  18  File: #C21-910  02021 William K. Boyd, Inc.    EXPOSURE TIME  The market indicated that exposure time (i. e., the estimated length of time the property interest being appraised would have been offered on the market prior to the hypothetical consummation ofas sale atr market value on the effective date oft the appraisal; ar retrospective opinion based upon an analysis of a past event assuming a competitive  and open market) would have been about seven to nine months.  MARKETING TIME  USPAP's Advisory Opinion 7 Marketing Time Opinions defines marketing time as: An opinion of the amount of time it might take to sell a real or personal property interest at the concluded market value level during the period immediately after the effective date of an appraisal. Based upon conversations with real estate agents/brokers, market participants and my professional opinion, Ihave forecasted a reasonable marketing time  would be six to eight months.  19  Filet #C21-910  02021 William K. Boyd, inc.    COMPARABLE SALES  COMPARABLE ONE  LOCATION GRANTOR GRANTEE PARCELI ID  OLake Branch Rd& OEB Banana St Bowling Green, FL3 33834 Lewis J. Carter, Jr& James R. Howle  Francisco Arreola &N Marial Luisa Arreola 043925.0000519005 4325.000.08270.00  RECORDED/MLS Inst# 202125003816  CLASSIFICATION SALES PRICE DATE OF SALE TERMS  Vacant! Land $150,000 06/30/2021 Seller Financing $120,000 $150,000 9.25 acres Single Family Residential Single & TwoF Family Residential Low Density Residential HARDEE COUNTY,FL $16,216 per acre  CASHE EQUIVALENCY PRICE OF REALE ESTATE  TRACT SIZE ZONING  FUTURE LANDI USE DESIGNATION LEGAL DESCRIPTION UNIT PRICE COMMENTS  Longl legal description retainedi ina appraisers workf file.  This propertyi is located ont the easts side ofLake Branch Road and has approximately 374 feet of road frontage. The topography oft the propertyi isad dead citrus grove.  20  File#C21-910  02021 William K. Boyd, Inc.    COMPARABLE SALES (CONTD)  COMPARABLE TWO  LOCATION GRANTOR GRANTEE PARCEL ID  4637 Freeman/ Ave Bowling Green, FL3 33834 ThomasL. Jones Jaimie Blas  043925.0000470000  RECORDED/MLS Inst# 202125005581  CLASSIFICATION SALES PRICE DATE OFS SALE TERMS  Vacantl Land $37,000 09/23/2021 Cash $37,000 5acres  CASHE EQUIVALENCY PRICE OF REALI ESTATE  TRACT SIZE ZONING  Single and TwoF Family Residential Medium Density Residential 5ACV W1/2 OF SE1/4 OF NE1/4 OF SW1/4 HARDEE COUNTY,FL $7,400p pera acre  FUTURE LAND USE DESIGNATION LEGAL DESCRIPTION UNIT PRICE COMMENTS  Thisp propertyi isl locateda att the end ofFreeman Avenue. Ith has an unfinished dwelling in need of demolition and offers no contributory valuet tot thep property. Grantee owns the adjoining  properlyt tot the west.  21  File: #C21-910  02021 William K. Boyd, Inc.    COMPARABLE SALES (CONTD)  COMPARABLE THREE  LOCATION GRANTOR GRANTEE PARCELID  2548 Commerce Court Bowling Green, FL33834 James Richards Mauricio Costa, Sandra. J.C Gomez & Jose Rigoberto Pena Solano 20.33.5050.000.0028 203325.0500000-0023  RECORDED/MLS Inst# 20212500214MLS270912  CLASSIFICATION SALES PRICE DATE OF SALE TERMS  VacantL Land $160,000 04/16/2021 Cash $160,000 7.98 acres  CASHE EQUIVALENCY PRICE OF REALI ESTATE  TRACT SIZE ZONING  C/IBC Commerciallndustrial Business Center  FUTURE LANDI USE DESIGNATION LEGAL DESCRIPTION UNIT PRICE COMMENTS  Highway! Mixed Use HARDEE COUNTY,FL $20,050 per acre  LOT: 22823HARDEE COUNTY COMMERCE PARK  Thisp properlyi isk locatedv withint thel Hardee County Commerce Park andh has access toc centraly water, sewer ande electric. Thereis2 200' ofr road frontage on Commerce Court & 620' ofr road frontage on  State Rd6 62.  22  File: #C21-910  02021 William K. Boyd, Inc.    COMPARABLE SALES GRID  SUBJECT OLake! Branch Rd Bowling Green, FL3 33834 NIA NIA 9.13acres Industrial Industrial Cleared N/A OLake Branch Rd Bowling Green, FL3 33834 9.13 acres Industrial Industrial Cleared N/A NA  COMP1 OLake Branch Rd& OEE Banana St Bowling Green, FL 33834 06/30/2021 $150,000 9.25 acres Single & TwoF Family Residential Low Density Residential Dead Citrus Grove $16,216 QUALITATIVE ANALYSIS Similar Similar Inferior Slightly Inferior +$2,000 $18,216  COMP2 4637 Freeman Ave 09/23/2021 $37,000 5acres Residential Medium Density Residential Uncleared $7,400 Slightly Inferior Similar Inferior Inferior +10,000$ $17,400  COMP3 2548 Commerce Ct 04/16/2021 $160,000 7.98 acres C/IBC  LOCATION DATE OF SALE CASH EQUIVALENCY SIZE ZONING FUTURELAND USE DESIGNATION TOPOGRAPHY PRICE PER ACRE LOCATION SIZE ZONING FUTURE LAND USE DESIGNATION TOPOGRAPHY TOTAL ADJUSTMENT INDICATED ADJUSTED PRICE PER: SQUARE FOOT  Bowling Green, FL33834 Bowling Green, FL: 33834  Single Family Residential Single and Two Family  Highway Mixed Use Cleared $20,050 Superior Similar Similar Similar -$2,000 $18,050  23  File# #C21-910  02021 William K. Boyd, Inc.    SUMMATION. AND ANALYSIS OF COMPARABLE LAND SALES  The sales outlined are the best available data for comparison of acreage sales within three miles of the subject that have closed since January 1, 2021. After an exhaustive search, no other significant sales or listing data was found that would produce a more creditable opinion of value. Adjustments were derived from sales analysis and  conversations with market participants sellerbuyerslagents). indicated adjusted price per acre is determined as $18,216.  Comparable One is adjusted for inferior zoning & slightly inferior topography. The Comparable Two is adjusted for slightly inferior location, inferior zoning/FLU and inferior topography. The indicated adjusted price per acre is determined as $17,400. Comparable Three is adjusted for superior location. The indicated adjusted price The adjusted sales price ranges from $17,400 to $18,216. The mean price is $17,889 and the median price is $18,050. Based upon my review and analysis of this data and current market conditions, it is my independent opinion that the "as is" market value of the subject real property as of the effective date by the Sales Comparison  per acre is determined as $18,050.  Approach is as follows:  9.13 sf @ $17,969 per acre =  $164,000 (R)  24  File #C21-910  02021 William K. Boyd, Inc.    COMPARABLE SALES MAP  alar mode, inc:  NORTHE BOWLINGGREEN COMPARABLE No. 2 4637 Freeman Ave 0.44r miles NW  ECountplineRde  COMPARABLE No. 1 OLake Branch Rd& OEBanana! St 0.12r milesN SUBJECT OLake Branch Rd  Hardeest EBrawardst  Paynes Creek Historic Park  Torrey Oxk Golf Course  sreRcadez  COMPARABLE No.3 2548 Commerce Ct 2.72r miles SW  2500faet 500m  IT T Cer, MnS  920217 TamTom. 520211 Vicosto Corporaten. BCrfresMa: Tarms  25  File#C21-910  02021 William K. Boyd, Inc.    GENERAL ASSUMPTIONS AND LIMITING CONDITIONS  The certification that appears in the appraisal report is subject to thet following conditions. Please see letter of transmittal for additional assumptions, which apply directly to the subject property.  1. 2.  Acceptance of and/or use of this report constitutes acceptance of the foregoing General Possession of the report, or copy thereof, does not carry within the right of publication. It may not be used for any purpose by any person other than the party to whom it is addressed without my written consent, and in any event only with proper written qualifications and only in its entirety. Neither all nor any part of the contents of this report, or copy thereof, shall be conveyed to the public through advertising, public relations, news, sales or any other media without written consent Iwill not be required to give testimony or appear in court because of having made this analysis, with reference to the property in question, unless arrangements have been previously made 4. Itis assumed that the legal descriptions as given are correct, that the utilization of the land and improvements are entirely and correctly located on the property described and that there are no encroachments or overlapping boundaries. I have not made a survey of the property and no responsibility is assumed in connection with such matters. Should a current survey indicate a discrepancy int the subject site size, this report would be subject to review and change. Sketches int this report are nott to scale and are included only to assist the reader in visualizing the property. 5. No responsibility is assumed for matters of legal nature affecting title to the property nor is an opinion of title rendered. I have not reviewed an abstract of title relating to the subject property unless otherwise stated. No title search has been made and the reader should consult an attorney ort title company for information and data relative to the property ownership and legal description. Itis assumed that the subject title is marketable but the title should be reviewed byl legal counsel. Any sales history information given has been researched and to the best of my knowledge is Information and data furnished by others is usually assumed tol be true, correct and reliable. When suchi information and data appears tol be dubious and wheni itis critical tot the analysts, ar reasonable effort has been made to verify all such information; however, no responsibility for its accuracy is 7. All mortgages, liens, encumbrances, leases, and servitudes have been disregarded unless sO  Assumptions and General Limiting Conditions.  and approval. thereof.  3.  accurate, but not warranted.  6.  assumed.  specified within the report.  8. 9.  Itis assumed that there is full compliance with all applicable federal, state and local environmental regulations and laws unless noncompliance is stated, defined and considered in this report. Itis assumed that all applicable zoning and use regulations and restrictions have been complied with, unless ar non-conformity has been stated, defined and considered in this report.  26  File #C21-910  @2021 William K. Boyd, Inc.    10. Itis assumed that all required licenses, consents or other legislative or administrative authority from any local, state, or national governmental or private entity or organization have been or can be obtained or renewed for any use on which the value estimate contained in this report is based. 11. Itis assumed that the subject property conforms with the 1985 Growth Management Act's 12. Improvements proposed, if any, on or off-site, as well as any repairs required, are considered, for the purpose of this appraisal, to be completed in a good and workmanlike manner according to information submitted and/or considered by us. In cases of proposed construction, the report is subject to change uponi inspection of the property after construction is complete. This estimate of value is as of the date shown, as proposed, as if completed and operating at levels shown and 13. Itis assumed that there are nol hidden or unapparent conditions of the property or structures which would render itr more or less valuable. As an appraiser, lam not al licensed exterminator, licensed roofer, hazardous substance and environmental expert or structural engineer. Inspections by qualified experts in these fields would be required to determine any adverse conditions. No responsibility is assumed for such conditions or for inspections which may be required to discover them. Ifany adverse conditions are found, this report would be subject to review and changes. 14. No environmental impact studies were either requested or made in conjunction with this analysis, and I hereby reserve the right to alter, amend, revise or rescind any of the value opinions based upon any subsequent environmental impact studies, research ori investigation. 15. Unless otherwise stated in this report, the existence of hazardous substances, including without limitation asbestos, polychlorinated biphenyls, petroleum leakage, or agricultural chemicals, which may or may not be present on the property, or other environmental conditions, were not called to the attention ofr nor didt the appraiser become aware of such during the appraiser's inspection. The appraiser has no knowledge of the existence of such materials on or in the property unless otherwise stated. The appraiser, however, is not qualified to test such substances or conditions. Ifthe presence of such substances, such as asbestos, ureai formaldehyde foami insulation, or other hazardous substances or environmental conditions, may affect the value oft the property, the value estimated is predicated on the assumption that there is no such condition on or in the property or ins such proximity thereto thati it would cause al loss in value. No responsibility is assumed for any such conditions, nor for any expertise or engineering knowledge required to discover them. 16. Radon is a naturaily occurring radioactive gas that, when it has accumulated in a building in sufficient quantities may present health risks to persons who are exposed to it overt time. Levels of radon that exceed federal and state guidelines have been foundi in buildings in Florida. Additional information regarding radon and radon testing may be obtained from the county public health unit. 17. The appraised value is subject to documentation being provided that there are no in-ground or above ground fuel/storage tanks existing on the subject site. In the event that such fuel/storage tanks aret found, itis assumed' that they comply with alll local, state andf federal regulations regarding fuel or storage tanks. If they are not in compliance, this report would be subject to review and  "conçurrency" requirements.  projected.  change.  File #C21-910  32021 Wiliam K. Boyd, Inc.    18. The distribution of the total valuation in this report between land and improvements, if any applies only under the reported! highest and best use oft the property. The allocations of value forl land and improvements must not be usedi in conjunction with any other appraisal and are invalid ifs so used. 19. The estimated market value is based upon no changes in the existing Federal Tax Laws that are 20. Iti is assumed that the property, which is the subject of this report, will be under prudent and competent ownership and management over the entire life of the property. If prudent and competent management and ownership are not provided, this would have an adverse effect upon 21. The estimated value is subject to change with market changes over time. Value is highly related toi interest rates, exposure, time, promotional effort, supply and demand, terms ofs sale, motivation, and conditions surrounding the offering. The value estimate considers the productivity and relative attractiveness of the property physically and economically in the market place. The estimate of value in ther report is not basedi in whole or inj part upon race, color, or national origin of the present owners or occupants of the properties in the vicinity of the property appraised. 22. Int the event this appraisal includes the capitalization of income, the estimate of value is a reflection ofs such benefits and myi interpretations of income and yields and other factors which were derived from general and specific market information. Such estimates are made, as of the date of the estimate of value. As ar result, they are thus subject to change over time. The date as ofwhich the value estimate applies is only as of the date of valuation as stated in the letter of transmittal. I assumed no responsibility fore economic or physical factors occurring at some later date which may 23. An appraisal is the product of a professionally trained person but nevertheless is an opinion only, and not a provable fact. As a personal opinion, a valuation may vary between appraisers based upon the same facts. Thus, Iwarrant only that the value conclusions are my best estimate as of the date of value. There are no guarantees, either written ori implied, that the property would sell for the 24. The Americans with Disabilities Act (ADA) became effective January 26, 1992. I have not made a specific compliance survey and analysis of this property to determine whether or not it is_in conformity with the various detained requirements of the ADA. did not consider possible noncompliance with the requirements of ADA in forming my independent opinion of 25. As of the effective date of this appraisal, the Covid-19 Pandemic is having a substantial effect on our national and global economies. The extent to which these fluid changes over time will have on  ine effect on the date of the appraisal.  the value of the property appraised.  affect the opinion stated herein.  expressed estimate of value.  the value of the subject property.  the local economy and real estate market is yet to be quantified.  28  File#C21-910  02021 William K. Boyd, Inc.    CERTIFICATE OF APPRAISAL  Icertify that, tot the best of my knowledge and belief:  The statements of fact contained in this report are true and correct.  The reported analyses, opinions, and conclusions are limited only by the reported Assumptions and Limiting Conditions, and are my personal, impartial and unbiased professional analyses, Ihave no present or prospective interest in the property that is the subject of my appraisal report, andlhave no personal interest or bias with respect to the parties involved. Ihave not performed services as an appraiser regarding the property that is the subject of this report within the three-year period immediately preceding acceptance of this assignment. his appraisal assignment was not made, nory was the appraisal rendered ont thel basis ofa a requested minimum valuation, specific valuation, or an amount, which would result in approval of al loan. My compensation is not contingent upon the developing or reporting of a predetermined value or direction in value that favors the cause of the client/intended user, the amount of the value opinion, the attainment of as stipulated result, ort the occurrence of a subsequent event directly related to the My reported analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with: the requirements of the State of Florida for state certified appraisers; the requirements of the Uniform Standards of Professional Appraisal Practices of the Appraisal Foundation; and the requirements of the Code of Professional Ethics and the Standards of The use of this appraisal report is subject to the requirements of the State of Florida relating to review byt thel Florida Real Estate Appraisal Board andt to the requirements oft the Appraisal Institute Icurrently hold an appropriate state certification allowing the performance of real estate appraisals inc connection with federally related transactions int the state of Florida in which the subject property As of the date oft this report, Ihave completed the mandatory continuing education requirements Icertify that if this report was transmitted as an "electronic record" containing my "electronic signature" as those terms are defined in applicable federal and/or state laws, or a facsimile transmission of this report containing a copy or representation of my signature, the report shall be as effective, enforceable and valid as if a paper version of this appraisal report were delivered Icertify that my education, experience, and knowledge is sufficient to perform the appraisal Imade aj personal observation of the subject property that is the subject of this report. No one provided significant professional: assistance in the preparation of my appraisal. this appraisal meets the minimum requirements of 13 CFR (Code for Federal Regulators) Part 323 concerning Real Estate. Appraisals for FDIC (Federal Deposit Insurance Corporation): ori institutions regulated by FDIC and the minimum appraisal standards as listed in the engagement letter. l'am aware of the requirements statedi int the Farmer Mac Seller/Servicer Guide and have completed this assignment in accordance with those requirements as they applied in this My analyses, opinions, and conclusions were developed, and the appraisal and this report has been prepared for use in al lending transaction that may include Farmer Mac as an intended user.  opinions and conclusions.  intended use oft this appraisal.  Professional Practice of the Appraisal Institute. relating to review byi its duly authorizedi representatives.  isl located.  oft the Appraisal Foundation and the State of Florida.  containing my original hand written signature.  assignment  assignment.  29  File: #C21-910  02021 William K. Boyd, Inc.    -This appraisal report recognizes the following definition of value:  *Market Value means the most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller each acting prudently and knowledgeable, and assuming the price is not affected by undue stimulus. Implicit int this definition is the consummation of as sale as of as specified date and the passing oft titlei from seller to buyer under conditions (2) Both parties are well informed or well advised, and acting in what they consider their own best  whereby: interests;  (1) Buyer and seller are typically motivated;  (3)Areasonable time is allowed for exposure in the open market;  (4) Payment is made in terms of cash in United States' dollars ori in terms oft financial arrangements (5) The price represents the normal consideration for the property sold unaffected by special or creative *This example definition is from regulations published by federal regulatory agencies pursuant to Title XI of the Financial Institutions Reform, Recovery, and Enforcement, Act (FIRREA) of 1989 between July 5 1990, and August 24, 1990, by the Federal Reserve System (FRS), National Credit Union Administration (NCUA), Federal Deposit Insurance Corporation (FDIC), the Office of Thrift Supervision (OTS), and the Office of Comptroller of Currency (OCC). This definition is also referenced in regulations jointly published by the OCC, OTS, FRS, and FDIC on June 7, 1994, and in the Interagency. Appraisal and Evaluation Guidelines,  comparable thereto; and  financing or sale concessions granted by anyone associated with thes sale."  dated October 27, 1994. 2006 Advisory Opinion 221 The Appraisal Foundation.  hbn  KBpl  WILLIAMI K. BOYD STATE-CERTIFIED GENERAL REAL ESTATE APPRAISER RZ338  Dated: December 28, 2021  WKBIlyb  30  File #C21-910  02021 William K. Boyd, Inc.    ADDENDUM  31  File: #C21-910  C2 2021 Wiliam K. Boyd, Inc.    HARDEE COUNTY PROPERTY APPRAISER'S INFORMATION  HPA Hardee County PropertyAppraiser  ParcelSummary AlternateID 3974 ParcelID 09375.00095079.000 Location OLAKEERANCHRD Address BOWINGGREEN3334 BriefLegal PIACNI2OFMWAOFNEAEOFSRGSALESC Description UNEOFNWACFNEATOPOBALESS28FT WAAOFEACPS3E2B9X67/39427548 sh.N, PropertyUse MUNICIPALIMPI8900 Code Sec/Twp/Rrg 9-33-25 TaxDistrict CIYOPBOMINGGRENDOD MillageRate 22.6637 Acreage 9.13 Homestead N VirwMae Owner Information PrimaryOwner BOMINGCEENCIYOE POBOX608 EOMUNGGRENAS3BM Map  OITRZEAAPITMAVPTOAN  AKUESNIPFOPWEBFIOFEIGIEFTOFNI20:  Property Values BuildingValue ExtraFeaturesValue LandValue LandApkauturaValue AgkulunaiDlariedvalue JustMarketValue AssessedValue ExemptValue TaxableValue MaximumSaveOurk HomesPortability Land Information LandUse 7100-1 INSTITUTIONAL 9400- RIGHTOFWAY  2021CertifedValues 2020CertifedValues 2019CertifedValues 2018CertifedValues  s0 $0 $59.220 So $0 $59.220 $59.220 $59.220 50 $0  so $0 $59.220 S0 s0 $59.220 $59.220 $59.220 $o 50 UnitType AC AC  $0 $0 $59.220 $o S0 $59,220 $59.220 $59.220 $0 so Frontage  $0 $o 559.220 $0 S0 $59,220 $59.220 559.220 $0 So Depth 0 0  NumberofUnits 846 0.67  Sales N  Instrument  MultiParce! SaleDate SalePrice Instrument Book/Page Number Qualification Reason Vacant/Improved Grantor  Grantee BOWINGGREENCIYOF  5/1/1989 $38.000 co 3711330  Qualified NA Vacant 32  File#C21-910  02021 William K. Boyd, Inc.    APPRAISER QUALIFICATIONS AND LICENSE  William K. Boyd  State-Certifed General. Real Estate. Appraiser RZ338  2020-2022 Satellite Office 410 Northwest: and Street Okeechobee, FL 3497-  Main Office 1564Lakeview Drive Sebring, FL 33870 Phone $63-385.6192 Fax 866.384.0358 wkboyd@wkboyd.comt  AsaF Real Estate Aralyst and Consutant have been actively engaged as al ficensed real estate agertibrcker! appraser snce 1981 anda asa State-Certfed GeneralF Real Estate Appraiser snce 1990. lam qualifedasa ane expert itress inthe State ofFlorida's 10h. Judcal Circuito Courit thatir includes! Highlands, Hardee and Pok countes, the1 12h. Jucicial Crcuit Court that incudes Desoto, Manatee B Sarascta counfies andt the 19hJ Judical Circuit Courtt thati incudes Martn, SL Lucie, Mye experience as ana appraiser includest the valuation oin manyt types diproperiesi inducing residertal, receational, agricultural, commercial, indusrial, special purpcse, eminent domain and acquistionitispcsticn, counseing and litgaticn supporti incomecicni whr reale estate transactions. Istayo curent with hen marketa anda ama active inn mycommunty. Mysenice area covers most ds souh certral Floridaz with primary areas ofs service being Highlands, Hardlee, Descto, South Poika and  Indan River and Okeechobee countes.  Okeechcbee countes. 1-UhiedBank AGAmericalendng AgCourtryFarm Crecits Serices Bank dfAmerica" Bank dBele Glade BB&TLendng BostonF Privatel Bank BTnst Citizens Bank andT Trust Farm CredtofCentral Florida FirstBank dfClewiston  APPROVED BY THE FOLLOWING LENDING INSTITUTIONS  JPMorgan Chase First! NationalE Bank ofWauchula First Southem Bank Hearland! Natonal Bank beriaBank MdFloridaFederal Credit Urion Morgan Stanley OldFlcridaNationalB Bank PNCBank  RegentE Bank RegionsBark Seacoast Barking Sunstate Bank SunT TrusTnistBank TDBank ValleyNatcralE Bank Wauchua State Bank WelsFargo  Frsts State ofArcadia/Crews! Bank &Trust South Slate Bank  PROFESSIONAL AFFILIATIONS  Hearland Association dfRealtors FicridaF Realtors National AssciaiondfReahcts  Heartland Mutiplel Lising Service Stellar! Multplel Listing Senice PGFCNP Associaticno cfRealtors  33  File: #C21-910  02021 William K. Boyd, Inc.    William K. Boyd  2020--Continuing Education  2004--Continuingi Education FREABF Foricalzas aReçulationsA ACEE333 FREABI income captaization ACE 46928 FREABI Naionall USPAP Upause Eguhalent2ooACE: 47332 FREAB: Deveopings Growinga anA ApprasaiPracica ACE 45829 FREABFaDyE BultHousing, ACE 16927 2002--Conrinuingi Education FREABO Communicating: neA AgpaisiACES1-2 FREABI Residentia Suodivision Anaysis ACE41-24 FREAB/ Appraisais Resaarcna andAnalysis ACE#1-23 FREABI Negrocmocc Analysis ACE: #1-23 FREABS 5ales Comparison Approach ACE #1-25 FREASF FREA: cersel ls Aepreisel! BoerdF Regulelions ACE#1-27 2000--Corfiningi Educction FREAD Hca DApprases Busihess ACE #1519868500 FREABL Uniomm: Sundards ofPolessional Appraisal FREAB USPAP andF Fioridad Chapter 475Pan FREABI Appraisailza ACE: 162 1998--Continuingi Educotion Suodares PssienaiPinsicei PanAaB USFAPLZN Updite RESESDREsvCion: Specbists 1996--Continuingi Educction SoscorasF Feves SLzA Updates 5.DA Notoral Association oF Incependentr Fee Appraisers MGNEIA Absmacicnk Review 12A NotcralA Associotien ofl mcepencentFee Apprisers Reveairg ResicertaiA Appaisas4s NoICraIA Asscciationo  icepencent Fee Apprisers 1995-Corfiruingi Educction Farlencing: nc: ne Appaiser ACE21727 Trez Appaisal instte Ficrica Assocbiont DReators Appraisers Ltgaionz and Corel La (1994) 1983-88 1988 Resicention Vataien-Exomsz American nstitue OFRESIE Esttel Appraisers Americank nsttue ofReal Estte Appraisers 1985 Capitization? Thecry andT TeemquesPa1AEsm 1B-A copciation Thecry: andT Tecrriques Pans-Exm 15-3 American insites oiResiEstte Appraisers 1383 Stundards oiProiessionaiP Pracices Exgm2- BascV vausions Procedures Exami 1A: ResiEstre Appraisa PrincpaisE Enm 1A-1 Americann nsures ofReal Estiel Appraisers  FREAB 410093 NaSOnJIUSPAP Update( (hrs FREAB:7209 FuiiswUpans) FREAB 410083 CoaIToossns FREAS 410061 SouiensCommen Appraisa issues Mrs) FREAS 49807 NEDUIUSARURAEACHS) FREAB 7209 Fcisataaupae (Bws) FREA3: 49721 CoolToois: Diggngy YourDaBrrs) FREAS 97221 Thew Worfie: Compiance: and5 Supponfnrs) FREAB: 49515 NatIOnAUSPAP! upcae (7ns) FREAB 209 Fordatza Update (ans) FREAB 49438 FHAPopenyA Analyss (Brs) FREA3 9452 Beter Sae7 Thans Somy Ohs) FREAS: 49051 FHA ior7 TodaysA Appraiser ACS: 10059 FREAS: 9135 Reviewers CheckistA ACB 410059 FREAS: 9158 UAD-UP Cosez andPerseral ACB a10059 2012--Contihuing! Educction FREABE41 Fondal Apprisers Sute! L3wU Upcte! DEPRIC429 FREAB 9906 NatONIUSPAPL Upcate 2013-2013)A ACB: #1DC69 FREAB: 7421 TheDinyDczen FREAB 838 TheN.ssBsD piGreenE Eulcimgierçonises FREAB 48975 Appraisal Appicatons ofRegressicn Araysis 2010--Contining! Educction FREAB 333 Fondal Laasa andk Regubtions ACB 10059 FREAB48723 NatonalUSPAP Updae 2010-2011ACB: 10069 FREAB 45712 Risky Busness: wayspiinimzel Lbsity, ACB a1D0s9 FREAB67141 Thec Chungingn WordoFHAA Appraising ACB *10059 2008--Continingi Education FREAB E353 Fcrisal LzAs andk Reguutions, ACB 10719 FREAB 301 NEIOJIUSPAP! Update 2008-2009) ACP: #10719 FREA3: 48421 intoductiont toExpen witness Testmony A0B410719 FREAB: 8063 Evend Occer Morec Oditas Appraisas ACB410719 2006-Continuingi Educcrion FREAB: 333 Ficriaolzass andR RegutrionsA ACB: 410239 FREAS: 7631 Disciosuress Dischimers ACB: 10239 FREAB 76721 Thed CostA Approach ACBa10239 FREAS 7669 Accesgret Detst Meretmrgss omeipetes: FREAS: 7666 NatOnJIUSPAP! Update ACB 10239  2018--Cortinuingi Educcrion  2016--Continuingl Educction  2014-Cortining! Education  FREAB 49205 NationalusPAP Upcate Equvalert 2015-2015)A ACB#10059 Cases Sudesn nUniorm Sondards PaAsB FREAB 40933 Fiorida Appraisall Laws ndR Reguatcrs Upcar ACB 10053 Ress Esasel Esucaions Specbists FREAB 4150 Araipe Taellppicetions dippaisl Areigpe p-ar ACB 10059 TheA Appraisal nstnute  FREAB 8237 Foaicetes nt-IsEReSN Resrae ACS: 10059 Enics: adP Prolessicnals Soncads  FREAB: 8237 Fzae isets Bpescerlres Roeas Rerigoe) A0B410719 1887 Case SLCshRBIESDE Vauationt Exam2 2-1  34  File: #C21-910  02021 William K. Boyd, Inc.    William K. Boyd  ADDITIONAL SEMINARS &TRAINING  2019 VaungRuniAmeica" Thec Compiexites Americans sscaysPamuergessi RuralAppraisers 2012 Dairy, Appraisa Seminar ASFMRAApprDved 4506ACE:3961 FercamomeBuices Association 1999 Crus Senngr-FEALTORS: Lanc nsiute Thec Gooc, TreBasa aThes Boaro westCoasiFcica Chapter Appraisalm Imstitu 1998 Undersunding: anausiagt DCFS Soraare ACE2178 Wesic CoastFicrida Chapter Apprisain msttute 1997 AppraserF Ficrica Corel LNA ACE 1314 Ficrica Concemation) Vatation SAporaserlboity WestCoastF Fioridad Caaper Apprasal instne 1996 Ceus Semnar REALTORS Land imstitute  1995 Eminen:Domanand: nei RealEsute Appraser WesiCosiFicnca chapter Appraisa inste 1994 Eeco-tgnetic Fieids Wes: Coast Fiorida ChaperA Apprasal Insitute Understanding! LmitecA Appraisaiss Repcrting Opdors Residertia Apprasar Review EastFiorisa Chapter Appraisan insthute Farma andl Landi Institute ResiEsute Cwned Froperies FeceraiNaticnall Mongage Associaton 1991 Mandatory Apprasas Rebrm JonnN Neven, Manager FNMA Propeny Sundards Divisicn 1990 Persuasive Syleinnes Nanative, Appraisa Repon American instuted pfRea Esuie Appraisers 1967 AcruedDegrecdaien: Sreacoans Menoc Riscentibeonsicnk Appraisa Reporwrng Amercan Insitute ofRealEstte Appraisers 1986 HgrestancBesuse American Imstilute ofResiEstae Appraisers  2001 TheNeaF FipricaBuicing codes 3 RascemiaiBuice CLB: #5949 1992 citus Seminar  CURRENT LICENSE EXPIRES NOVEMBER 30, 2022  ebsons can  dbpr  STATEC OFF FLORIDA DEPARTMENT OFE BUSINESS ANDE PROFESSIONAL REGULATION FLORIDA REAL ESTATEAPPRAISALI BD THE CERTFEDGEMERAT) APPRASER MERENSGERIFED PROVISIONSOFG CHAPTER 475. FLCRIDASTATUTES BOYD, WILLIAMK SOALAKEVIEWDE SEBRING 13970  R2338 NOVEMBERS 2022  35  File: #C21-910  02021) William K. Boyd, Inc.