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Identification of the ProlLert�� The subject was, according to the legal description, a 51'x 230' site that contained 11,730 SF and is known as Lot 14, Block 94 of the City of Paris. It was situated on the southwest corner of North Main and Santa Fe street and also bordered the east side of V NW street. The street address was 1045 North Main Street, Paris, Texas. H. Ston , ofahe Subject The. subject site was last sold from Hunt Oil Company to the City of Paris in September 1971 for $8,000. It was once used as a service station, but the improvements were razed over 40 years ago. It has been vacant since that time. The subject is not listed for -sale, and the appraisers were unaware of any offers to sell or purchase the property, Pur lose of the Apppisal The purpose of this appraisal was to develop an opinion of the market value of the fee simple estate as of February 24, 2024. IntendednUseJJs r of the Al)l pr aisa_l, The intended use of this appraisal was to aid the client and intended user, the staff and council of the City of Paris, in setting a possible selling price for future disposal of the property. Its use by others or for any other use was not intended by the appraisers. Le al„DesgriJ tion The subject was originally legally described as Lot 14, Block 94, of the City of Paris, but the metes and bounds description is found in the addenda. The legals call for a 51' x 230' rectangular site, but on the ground, the subject appears to be tapered to the west as Santa Fe street is on a slight angle. In addition, most lots in that block are considered to be only 216' deep. A new survey would be necessary to accurately describe the site size. Reference is made the assumptions and limiting conditions on page 4 as to the legal description. Scnlre of -k The Scope of Work defines the degree and extent ofthe research, inspection, and analysis undertaken in an appraisal. The scope can vary based on the definition of market value, the intended use, the intended user, the date of value, the complexity of the property, and the hypothetical conditions and extraordinary assumptions under which the appraisal was to be made. This report is especially designed for the expectations of the intended user. The Scope of Work is defined by the Appraisal Foundation as: the type and extent of research and the analyses in an assignment. Scope of Work includes but is not limited to the following: -the extent to which the property is identified; -the extent to which a tangible property is inspected; PAT MURPHY & ASSOCIATES