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HomeMy WebLinkAbout101413_ca05Consent Agenda e" �a w �K JEFFERSON COUNTY PUBLIC HEALTH 615 Sheridan Street • Port Townsend • Washington • 98368 www.jeffemoncountypublichealth.org October 8, 2012 JEFFERSON COUNTY BOARD OF COUNTY COMMISSIONERS AGENDA REQUEST TO: Board of County Commissioners Philip Morley, County Administrator FROM: Tami Pokorny, Environmental Health Specialist II DATE: SUBJECT: Consent Agenda Item — Authorizing Water Quality to Present Notices and Open Negotiations for the Fee- Simple Acquisition of Duckabush Floodplain Property (APN 502171004 and 502171012) at the Just Compensation Value ($220,000). STATEMENT OF ISSUE: Water Quality is requesting that the BoCC make a motion to authorize staff to present two notices to property owner Lisa Berntsen concerning the possible acquisition of 21.9 acres (APN 502171004 and 502171012) on the Duckabush River floodplain for salmon recovery. The notices inform Ms. Berntsen that Jefferson County, in partnership with Jefferson Land Trust (JLT), would like to acquire the property, establishes final Just Compensation ($220,000), identifies any tenants who may be eligible for relocation assistance, and effectively open negotiations. The notices are also required by the funding agency, the Recreation and Conservation Office (RCO). ANALYSIS /STRATEGIC GOALS /PRO'S and CON'S: A Salmon Recovery Funding Board Agreement (RCO #12- 1385C) for this fee - simple acquisition project was approved by the Board of County Commissioners on April 22, 2013. On July 15, 2013, the BoCC approved the use of up to $5,000 from the Conservation Futures Funds (CFF) to support the acquisition and make the property eligible for operations and maintenance funding in future CFF cycles. Also in July, Stephen Shapiro, of Stephen Shapiro Commercial Appraisal, LLC, completed an appraisal of the subject parcels. The subsequent review appraisal, dated August 18, 2013 by Joseph Granger of the Granger Company, concurred with the Shapiro market value of $220,000. HEALTH COMMUNITY HEALTH DEVELOPMENTAL DISABILITIES PUBLIC HEALTH ENVIRONWAT RLQUALITY MAIN: (360) 385 -9400 ALWAYS WORKING FOR A SAFER AND MAIN: (360) 385 -9444 FAX: (360) 385 -9401 HEALTHIER COMMUNITY FAX: (360) 379.4487 According to the Recreation and Conservation Office, the confirmed market value is the final just compensation for the property .1 On August 26, 2013, the BoCC concurred with Water Quality that JILT should, ideally, take title to the property since they have ownership of other property in the area. JLT is a co- sponsor of the relevant SRFB and conservation futures grants and is awaiting a decision by their board of directors on the project (email attached). In the interest of time, Water Quality staff proposes to submit the two notices to the landowner, open negotiations at the just compensation value, and work with Ms. Berntsen and JILT as appropriate to develop a Purchase and Sale Agreement assignable to JILT. The notices are: 1). Voluntary Acquisition Notice to Owner, and 2). Just Compensation and Relocation Notice. The Purchase and Sale will be submitted to the BoCC for consideration as soon as possible. FISCAL IMPACT /COST BENEFIT ANALYSIS: There is no fiscal impact to the Voluntary Acquisition Notice to Owner or the Just Compensation and Relocation Notice. Funds to support fee - simple acquisition of the property, by JILT or Jefferson County, at the just compensation value would be provided by RCO #12 -1385C if the acquisition receives final approval. JCPH Management recommends the Board make a motion to authorize staff to present two notices to property owner Lisa Bemtsen concerning the potential acquisition of 21.9 acres (APN 502171004 and 502171012) on the Duckabush River floodplain for salmon recovery. The notices inform Ms. Berntsen that Jefferson County, in partnership with Jefferson Land Trust (JILT), would like to acquire the property, establishes final Just Compensation ($220,000), identifies any tenants who may be eligible for relocation assistance, and effectively open negotiations. REVIEWED BY: orley, u ty Administrator (Routed to all Public Health Managers) c/C- Date 1 hM://www.rco.wa.gov/docwnents/manuals&forms/Manual 3 aco 2011 ndf (page 40) COMMUNITY HEALTH PUBLIC HEALTH ENVIRONMENTAL HEALTH MAIN:36038&9400 DEVELOPMENTAL LDISABILITIES ALWAYS WORKING FOR A SAFER AND WATER QUALITY FAX 33 1 HEALTHIER COMMUNITY MAIN: 3603859444 FAX: 360379 -4467 VIII 111111 ° °� 111111 VIII 111111 °����� VIII �! VIII ° ° °° ° ° ° °° �! 11111111 VIII VIII VIII 11 VIII ° ° °° 111111 ° ° ° °. °15 SIneWidoui &�ottcuiooioo�wi ���711eoIIl�iiioll�oIII�II��u�i2R .ou�i �11��� 968 o ui`9 October 16, 2013 Lisa Berntsen 13339 Shoreline Drive SE Olalla, WA 98359 -9688 RE: Voluntary Acquisition Notice to Owner Dear Ms. Berntsen, This notice is to inform you that Jefferson County, in partnership with Jefferson Land Trust, would like to acquire the property at 995 Duckabush Road in Brinnon, Washington if a satisfactory agreement can be reached. Because state or federal money may be used in the purchase, we are required to let you know that the sale is voluntary. If you do not wish to sell, we will not acquire the property. Jefferson County will not acquire your property by condemnation (i.e., through powers of eminent domain). Because the purchase would be voluntary, you would not be eligible for relocation payments or other relocation assistance under the federal Uniform Relocation Assistance and Real Property Acquisition Polices Act of 1970 or the state Real Property Acquisition Policy (Chapter 8.26 Revised Code of Washington) or any other law or regulation. However, any tenants that are eligible displaced people located on the property will be offered relocation assistance. Again, please understand that if you do not wish to sell your property, we will take no further action to acquire it. If you are willing to sell the property, the purchase price will be based upon the fair market value as determined by an appraisal and review appraisal of the property. You may also choose to donate a portion of the purchase price once the fair market value has been established. Please let us know if you have any tenants as they may be eligible for relocation assistance. If you have any questions, please contact me at 360- 379 -4498. Sincerely, Tami Pokorny Environmental Health Specialist II COMMUNITY HEALTH ENVIRONMENTAL HEALTH DEVELOPMENTAL DISABILITIES WATER QUALITY MAIN: (360) 385 -9400 ALINAYS Mo ORKonNG IFOR 4 SAFER ANEP MAIN: (360) 385 -9444 FAX: (360) 385 -9401 HEALTHIER COMMUNITY FAX: (360) 379 -4487 VIII 111111 ° °� 111111 VIII 111111 °����� VIII �! VIII ° ° °° ° ° ° °° �! 11111111 VIII VIII VIII 11 VIII ° ° °° 111111 ° ° ° °. °15 SIneWidoui &�ottcuiooioo�wi ���711eoIIl�iiioll�oIII�II��u�i2R .ou�i �11��� 968 o ui`9 October 16, 2013 Lisa Berntsen 13339 Shoreline Drive SE Olalla, WA 98359 -9688 RE: Just Compensation Notice Dear Ms. Berntsen, This notice is to advise you of the just compensation for approximately 21.9 contiguous acres located at 995 Duckabush Road in Brinnon, WA. In compliance with state and federal law, the total just compensation for total taking of all acres in fee simple title is $220,000 (about $8,676 per acre) as determined by the appraisal dated July 11, 2013 and completed by Stephen Shapiro, which was confirmed by the review appraisal dated August 18, 2013 completed by Joseph H. Granger. By signing this notice, you acknowledge that you were made aware of the just compensation of the property under consideration and provided an opportunity to identify any potential people who may be eligible for relocation assistance. This does not obligate you to sell your property or any rights in it. Owner(s) signature: Please provide below the name and addresses of anyone living on the portion of the property that may be sold: Please retain this letter for your records, and return a completed copy to me as soon as possible. If you have questions please call me. Sincerely, Tami Pokorny Environmental Health Specialist II COMMUNITY HEALTH ENVIRONMENTAL HEALTH DEVELOPMENTAL DISABILITIES WATER QUALITY MAIN: (360) 385 -9400 ALINAYS Mo ORKonNG IFOR 4 SAFER ANEP MAIN: (360) 385 -9444 FAX: (360) 385 -9401 HEALTHIER COMMUNITY FAX: (360) 379 -4487 Tami Pokorny From: Owen Fairbank [sofairbank @olympus.net] Sent: Tuesday, October 08, 2013 2:59 PM To: Tami Pokorny Subject: Re: Berntsen and BoCC Hi Tami- At Jefferson Land Trust we are excited that the County has been successful in continuing protection of important habitat and water quality on the Duckabush River. The Berntsen property is near a property acquired by JLT in 2010 and we appreciate your proposing the possibility of JLT 's ownership of this complementary property. We are aware of the seller's interest in completing the transaction by the end of 2013 and have discussed some possibilities with Lisa Berntsen. Our board has not yet made a decision about JLT ownership, and unfortunately our board's October meeting has been delayed because several members are out of town, so we cannot give the BoCC a definite answer at this time. We encourage you to continue moving ahead with this project, hopefully keeping options open, and JLT will inform you of our decision as soon as it is made. best wishes, Owen Fairbank Conservation Projects Committee chair Jefferson Land Trust Port Townsend, Washington www.saveland.org troject: Duckabush River Mid-Hood Canal Acquisition Project Parcei Tax Nos. 502171004, 1012 in Jefferson County, WA Property Owner: Lisa Ann Berntsen Owner's Address: 13339 Shoreline Drive SE Offalla, WA 98359 Property Address/Location: 995 Duckabush Road, Brinnon, WA 98320. The following appraisal has been made on the subject property and is the subject of this review: . APPRAISER VALUEDATE BEFORE VALUE AFTER VALUE VALUE DIFFERENCE ALWC� TAKING DAMAGES SPEC BENFFITS 1. S. 'Shapiro 7-11-2013 $220,0w Na $220,000 $220,000 NA NA 1, the review appraiser, certify to the following: 1. The above appraisal report has been reviewed by the undersigned and was found to have followed accepted appraisal principles and techniques in the valuation of real property in accordance with existing State law. 2, That the determination of value which is set forth below has been independently reached based on appraisals and other factual data of record without collaboration or direction. The analyses, opinions, and conclusions in this review report are limited only by the assumptions and limiting conditions stated in this review report, and are my personal, unbiased professional analyses, opinions, and conclusions. 3. 1 have no direct or indirect present or contemplated future personal interest in such property or in any benefit from the acquisition of such property appraised, and I have no personal interest or bias with respect to the parties involved. 4, 1 did personally inspect the subject property to be acquired and a representative sample of the comparable sales applicable thereto on August 18, 2013. 5 My compensation is not contingent on an action or event resulting from the analyses, opinions, or conclusions in, or the use of, this review report. 6 Appraisal #1 and my analyses, opinions, and conclusions were developed and this review report was prepared in conformity with the Uniform Standards, ()f Professional Appraisal Practice and with the Uniform Appraisal Standards For Federal land Acquisitions. 7. Any facts and/or data presented by the review appraiser and used in the review process are true and correct. 8. No one provided significant professional assistance to the person signing this review report. 9, 1 further certify that if this certificate is to be used in conjunction with a Federal aid project, all of the approved just compensation is eligible for Federal reimbursement. Just Compensation is: Land Taken in Fee: 21.9 m/1 acres @ $8,,676 per acre (R) $ 1 �9000 All Improvements' Contribution (timber in land value) $i Total Just Compensation for this larger parcel $ 220oOOO. WA State Certified General real estate appraiser number: General # I I W5491 c!ph H. Granger, Review Appraiser Date Signed: August 19, 20,13 J.H. Granger, Reviewer' . Page I of 4 Pages Parcei: Berntsen E� 4117!=1 IM Theappraisal and this review use the correct methods and tecitniques. The market data in the appraisal , f adequate ' appropriate to solve G" appraisal , The value conclusions in this appraisal ai, in this 'b !,e c3'' j.H. Granger,, Reviewer Page 2 of 4 Pages Parcel. Berntsen C; Granger, Reviewer Page 3 of g SELF CONTAINED APPRAISAL REPORT of BERNTSEN PROPERTY 995 DUCKABUSH ROAD BRINNON, WASHINGTON as of July 11", 2013 Prepared for: Tami Pokorny Jefferson County Environmental Health Department 615 Sheridan Street Port Townsend, WA 98368 Prepared by: Stephen Shapiro, MAI STEPHEN SHAPIRO COMMERCIAL APPRAISAL, LLC P.O. Box 11757 Bainbridge Island, Washington 98110 Ref. 1325 STEPHEN SHAPIRO COMMERCIAL APPRAISAL, LLC P.O. Box 11757 Bainbridge Island, WA 98110 Stephen Shapiro, MAI (206) 855 -1090 Email: Stephen @ssappraiser.com Website: ssappraiser.com August 9'h, 2013 Tami Pokorny Environmental Health Specialist/Project Manager Jefferson County Environmental Health Department 615 Sheridan Street Port Townsend, WA 98368 RE: Berntsen Property 955 Duckabush Road, Brinnon, Washington Jefferson County Tax ID Nos. 502171004 & 502171012 Dear Ms. Pokorny: At your request, I have prepared an appraisal of the above - referenced property that is described in the attached report. This analysis pertains to the prospective acquisition of the subject by the Jefferson County Environmental Health Department. This report has been prepared in conformance with the current Uniform Standards of Professional Appraisal Practice ( USPAP), as formulated by the Appraisal Foundation. Additionally, it conforms to the requirements of the Washington State Recreation and Conservation Office (RCO). The report format presented meets the standard for a self - contained report and complies with the reporting requirements of USPAP and RCO for such reports. It is subject to the assumptions and limiting conditions that are stated in this report. As a result of my investigation and analysis, I have concluded with the following market value estimate of the fee simple interest in the subject, as of the effective date of valuation, July 1 Is', 2013: FEE SIMPLE MARKET VALUE Respectfully submitted, Stephen Shapiro, MAI Ref: 1325 $220,000. General Assumptions and Limiting Conditions This appraisal report has been made with the following general assumptions: 1. No responsibility is assumed for the legal description provided or for matters pertaining to legal or title considerations. Title to the property is assumed to be good and marketable unless otherwise stated. 2. The property is appraised free and clear of any or all liens or encumbrances unless otherwise stated. 3. Responsible ownership and competent property management are assumed. 4. The information furnished by others is believed to be reliable, but no warranty is given for its accuracy. 5. All engineering studies are assumed to be correct. The plot plans and illustrative material in this report are included only to help the reader visualize the property. 6. It is assumed that there are no hidden or unapparent conditions of the property, subsoil, or structures that render it more or less valuable. No responsibility is assumed for such conditions or for obtaining the engineering studies that may be required to discover them. 7. It is assumed that the property is in full compliance with all applicable federal, state, and local environmental regulations and laws unless the lack of compliance is stated, described, and considered in the appraisal report. 8. It is assumed that the property conforms to all applicable zoning and use regulations and restrictions unless a non - conformity has been identified, described, and considered in this appraisal report. 9. It is assumed that all required licenses, certificates of occupancy, consents, and other legislative or administrative authority from any local, state, or national government or private entity or organization have been or can be obtained or renewed for any use on which the opinion of value contained in this report is based. 10. It is assumed that the use of the land and improvements is confined within the boundaries or property lines of the property described and that there is no encroachment or trespass unless noted in the report. 11. Unless otherwise stated in this report, the existence of hazardous materials, which may or may not be present on the property, was not observed by the appraiser. The appraiser has no knowledge of the existence of such materials on or in the property. The appraiser, however, is not qualified to detect such substances. The presence of substances such as asbestos, urea - formaldehyde foam insulation and other potentially hazardous materials may affect the value of the property. The value estimated is predicated on the assumption that there is no such material on or in the property that would cause a loss in value. No responsibility is assumed for such conditions or for any expertise or engineering knowledge required to discover them. The intended user is urged to retain an expert in this field, if desired. This appraisal report has been made with the following general limiting conditions: 1. If the subject is improved: Any allocation of the total value estimated in this report between the land and the improvements applies only under the stated program of utilization. The separate values u Job No. 1325 STEPHEN SHAPIRO COMMERCIAL APPRAISAL, LLC Bemtsen Property allocated to the land and buildings must not be used in conjunction with any other appraisal and are invalid if so used. 2. Possession of this report, or a copy thereof, does not carry with it the right of publication. 3. The appraiser, by reason of this appraisal, is not required to give further consultation or testimony or to be in attendance in court with reference to the property in question unless arrangements have been previously made. 4. Neither all nor any part of the contents of this report (especially any conclusions as to value, the identity of the appraiser, or the firm with which the appraiser is connected) shall be disseminated to the public through advertising, public relations, news, sales, or other media without the prior written consent of the appraiser The following assumptions and limiting conditions may apply to this assignment. 1. Any opinions of value provided in the report apply to the entire property, and any proration or division of the total into fractional interests will invalidate the opinion of value, unless such proration or division of interests has been set forth in the report. NE 2. In the case of proposed developments: If only preliminary plans and specifications were available for use in the preparation of this appraisal; the analysis, therefore, is subject to a review of the final plans and specifications when available. 3. In the case of proposed developments, and the assignment of values to a property at the completion of construction, all proposed improvements are assumed to have been completed unless otherwise stipulated, so any construction is assumed to conform with the building plans referenced in the reports. 4. In the case of improved property: The appraiser assumes that the reader or user of this report has been provided with copies of available building plans and all leases and amendments, if any, that encumber the property. 5. If no legal description or survey was fumished, the appraiser used the county tax plat to ascertain the physical dimensions and acreage of the property. Should a survey prove this information to be inaccurate, it may be necessary for this appraisal to be adjusted. If a legal description has been provided, the appraiser is not responsible for the accuracy of the description. The property appraised is assumed to be as delineated on county maps, as noted in this appraisal. 6. The forecasts, projections, or operating estimates contained herein are based on current market conditions, anticipated short-term supply and demand factors, and a continued stable economy. These forecasts are, therefore, subject to changes with future conditions. 7. If the subject is improved: The Americans with Disabilities Act (ADA) became effective January 26, 1992. The appraiser has not made a specific compliance survey or analysis of any improvements on the property to determine whether or not it is in conformity with the various detailed requirements of ADA. It is possible that a compliance survey of the property and a detailed analysis of the requirements of the ADA would reveal that the property is not in compliance with one or more of the requirements of the act. If so, this fact could have a negative impact upon the value of the property. Since the appraiser has no direct evidence relating to this issue, possible noncompliance with the requirements of ADA was not considered in estimating the value of the property. iii Job No. 1325 STEPHEN SHAPIRO COMMERCIAL APPRAISAL, LLC Berntsen Properly APPRAISER'S CERTIFICATION I certify that, to the best of my knowledge and belief: ♦ The statements of fact contained in this appraisal are true and correct; ♦ The reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conclusions, and are my personal, unbiased professional analyses, opinions, and conclusions; ♦ I have no present or prospective interest in the property that is the subject of this appraisal, and I have no personal interest or bias with respect to the parties involved; ♦ My engagement in this assignment was not contingent upon developing or reporting predetermined results. My compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in value that favors the cause of the client, the amount of the value opinion, the obtainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended use of this appraisal; ♦ The appraisal report prepared in conformity with the Appraisal Foundation's Uniform Standards for Professional Appraisal Practice (USPAP) and the requirements of the Washington State Recreation and Conservation Office (RCO); ♦ I have made a personal inspection of the property that is the subject of this report; ♦ I have afforded the owner or a designated representative of the property that is the subject of this appraisal the opportunity to accompany me on the inspection of the property; ♦ I have not performed appraisal services regarding the property that is the subject of this report within the past three years; ♦ Persons providing significant professional assistance to the persons signing this report are identified herein; ♦ This appraisal has been made in conformity with the appropriate State and Federal laws and requirements, and complies with the contract between the agency and the appraiser; ♦ I certify that the use of this report is subject to the requirements of the Appraisal Institute relating to review by authorized representatives; ♦ As of the date of this report, I have completed the requirements under the continuing education program of the Appraisal Institute. RESTRICTION UPON DISCLOSURE & USE Disclosure of the contents of this appraisal report is governed by the By -Laws & Regulations of the Appraisal Institute. Neither all nor any part of the contents of this report (especially any conclusions as to value, the identity of the appraiser or the firm with which (s)he is connected, or any reference to the Appraisal Institute or to the MAI designation) shall be disseminated to the public through advertising media, public relations media, news media, sales media or any other public means of communication without the prior written consent and approval of the undersigned. No part of this report or any of the conclusions may be included in any offering statement, memorandum, prospectus or registration without the prior written consent of the appraiser. The property has been appraised for its fair market value as though owned in fee simple, or as encumbered only by the existing easements as described in the title report in the addenda. The opinions of value expressed below are the result of, and are subject to the data and conditions described in detail in this report. I made an inspection of the property that is the subject of this report on July I lo', 2013. The property owner, Lisa Bentsen, accompanied me on my inspection. Tami Pokorny, the client, was also present during my inspection. George Brooks (WA State registered real estate appraisal trainer No. 1001596), who is an appraiser with Stephen Shapiro Commercial Appraisal, LLC, provided significant professional assistance in the preparation of this appraisal report. The date of value for the property that is the subject of this appraisal is July 110, 2013. Per the MARKET VALUE definition herein, the value conclusion for the property that is the subject of this appraisal is on a cash basis and is: FEE SIMPLE MARKET VALUE Name: Stephen Shapiro, MAI WS Cert # 1101561 Date Signed: August 9`s, 2013 IMA Signature: $220,000. Job No. 1325 STEPHEN SHAPIRO COMMERCIAL APPRAISAL, LLC Bentsen Property TABLE OF CONTENTS Letterof Transmittal ....................................................................................................... ............................... i General Assumption and Limiting Conditions .............................................................. ............................... ii Appraiser's Certification ............................................................................................... ............................... iv Tableof Contents ........................................................................................................... ............................... v Summaryof Appraisal ............................................................................................... ..............................: 1 - Introduction............................................................................................................... ............................... 10 - Market Analysis & Neighborhood Data ................................................................... ............................... 14 - SiteData ................................................................................................................... ..............................: 20 - Highestand Best Use ................................................................................................ .............................. - 38 - PropertyValuation .................................................................................................... .............................. - 42 - Addenda........................................................................................................................... ............................... TitleReport ......................................................................................................... ............................... WetlandsDelineation Report .............................................................................. ............................... Appraiser's Experience Data .............................................................................. ............................... v Job No. 1325 STEPHEN SHAPIRO COMMERCIAL APPRAISAL, LLC Bem[sen Property SUMMARY OF APPRAISAL -1- Job No. 1325 STEPHEN SHAPIRO COMMERCIAL APPRAISAL, LLC Bemtsen Property SUMMARY OF APPRAISAL Identification of Subject Property The subject property includes two parcels that are identified by the Jefferson County Assessor's tax parcel numbers 502171004 & 502171012. Summary of Appraisal Problem The Jefferson County Environmental Health Department has an interest in acquiring the subject for conservation purposes. Determination of the property's market value is necessary to facilitate any potential transaction with the owner. Location The subject property is located in a very rural area of Jefferson County with frontage on the Duckabush River. It is about 4.3 miles southwest of the village of Brinnon on the Olympic Peninsula. The address of the subject is 995 Duckabush Road, Brinnon. Property Description The subject property consists of two tax parcels that total 21.9 acres according to the records of the Jefferson County Assessor. The property has a mixture of clearing as well as areas of heavy cover of mature trees. The property contains approximately 850 linear feet of low bank frontage on the Duckabush River. Its elevation varies from about 20 feet near the river to about 160 feet in the northeastern corner. Three separate wetland areas have been delineated on the property by a certified wetland biologist. Portions of the subject property are located in the 100 -year floodplain and the channel migration zone. While the subject property contains extensive critical areas, several unimpacted areas remain for potential residential development. The property owner received a Site Plan Approval Advance Determination ( SPAAD) by Jefferson County on December 3, 2007 but did not complete development. The SPAAD expired on December 3, 2012. The subject was previously improved with a cabin and barn that have subsequently been demolished except for the cabin's concrete foundation and slab. The owner previously intended to construct a single family residence on the subject and in preparation for development extended power onto the property, installed a well that is enclosed by a shed and a septic system. Highest & Best Use The highest and best use of the subject is for residential redevelopment to the highest density allowable under the existing zone that is also feasible given the limitations of critical areas. This has been determined to be development of two single family residences. Final Value Estimate FEE SIMPLE MARKET VALUE ................................................................... ............................... $220,000. -2- Job No. 1325 STEPHEN SHAPIRO COMMERCIAL APPRAISAL, LLC Bemtsen Properly Effective Date of Valuation The effective date of valuation is July 11`s, 2013, which is the most recent date of inspection. Date of Appraisal This report was prepared in July and August of 2013. Notice of Contact with Property Owner or Representative I made a personal inspection of the subject property on July 11th, 2013 in the accompaniment of the owner, Lisa Berntsen. Also present during the inspection was the client, Tami Pokorny of the Jefferson County Environmental Health Department. Qualifications of Appraiser The undersigned has extensive prior experience in the appraisal of waterfront property such as the subject that has the potential for residential development and has previously performed appraisal services in this market area. He is therefore considered to be competent to undertake this appraisal. Please see the experience data included in the addendum for specifics concerning the appraiser's background and experience. SM Job No. 1325 STEPHEN SHAPIRO COMMERCIAL APPRAISAL, LLC Bemtsen Property SUBJECT PHOTOGRAPHS (All ground photographs of the subject were taken by Stephen Shapiro on July 11`h, 2013.) m Job No. 1325 STEPHEN SHAPIRO COMMERCIAL APPRAISAL, LLC Bemtsen Property d! � Ay / Access m the southern portion of the subject fium Ouckebush Road. A view of the cleared urea near the proposed building site fazing east. m JON,. 1325 STxx16XBN.WlnOCOMMY.xcw . uxwlse44L ro m P A view otthe Dwkubusb River from the subject facing west. A view of the Duckabosh River Gom the subject fwing east. -]_ Io4NO. 1325 PIEe116N SRAYIRO [ofurtxCleL MPM6P4 LLC Bemra Palmy A view of the Flood plain below the house site facing north from near the riverbaNe. A view of the subject facing souNl showing the nearby hills. m ran, Ills STEPHEN MLVIPO COMMERCIALAPPPLLSALLLC BammVrtgeny A view of His access from Duckabush Road into Me northern portion of the subject feting wen. A view of the rwrtheastem pert of the subject that is soitable for a potential second home site. q. kbHa1325 STEPHEN SHAPIRO Mx NILRCLAL APPRAISAL, LLC Panaen FYVrvy INTRODUCTION m- lul NU. 1325 sTEPX NSH OCOM RCUL.VP�LLC Bimpmpmpny INTRODUCTION Legal Description The legal description of the subject is provided in the title report that is included in the addenda of this appraisal. Property Rights Appraised This is an appraisal of the fee simple interest in the subject real estate. Purpose of Appraisal The purpose of this appraisal is to establish the market value of the subject property. The term "market value" is defined in the Appraisal of Real Estate, 1P Edition as follows: The most probable price, as of a specified date, in cash, or in terms equivalent to cash, or in other precisely revealed terms, for which the specified property rights should sell after reasonable exposure in a competitive market under all conditions requisite to a fair sale, with the buyer and seller each acting prudently, knowledgeably, and for self - interest, and assuming that neither is under duress. Intended Use/User of Appraisal This appraisal will be used to facilitate the potential purchase of the entire subject property by the Jefferson County Environmental Health Department. The client is Tami Pokorny, Environmental Health Specialist/Project Manager for the Jefferson County Environmental Health Department. Intended users include Ms. Pokorny as well as her authorized associates, employees, representatives or agents. Additional users include personnel with the Washington State Recreation and Conservation Office who may have an interest in this property. This appraisal is not intended or authorized for any other use or user. Scope of Appraisal The scope of work performed in this appraisal is in compliance with the specific guidelines of the Uniform Standards of Professional Appraisal Practice (USPAP) to produce a credible value opinion that meets the expectations of parties who are regularly intended users of similar appraisal assignments and is in accord with the analysis that the appraiser's peers would perform in a similar appraisal assignment. It also conforms to the requirements of the Washington State Recreation and Conservation Office (RCO). The most typical appraisal methodology is the direct sales comparison approach that is based on recent comparable data available for a given property type. I have utilized that approach in this appraisal. I did not perform a cost approach because the subject includes no significant structural improvements. The income capitalization approach is not appropriate because the subject is not income producing property. Subdivision analysis, which is a variation of the income capitalization approach, was considered since the - 11 - Job No. 1325 STEPHEN SHAPIRO COMMERCIAL APPRAISAL, LLC Bemtsen Property subject has the potential to be developed into multiple residential lots. However, as is discussed in this report the subject's overall development density that can be obtained through subdivision is quite limited and there are adequate sales comparables to account for the benefit of such potential development through the direct sales comparison approach. Therefore, I have not performed a subdivision valuation analysis. Appraisal Format This appraisal is presented as a self-contained report that is intended to comply with the reporting requirements of USPAP and RCO for such reports. Covenants, Conditions, Restrictions and Easements I have been provided a title report for the subject by First American Title Company of Jefferson County dated January 23, 2013 and a supplement dated June 27, 2013 that are both included in the addenda of this appraisal. There are several easements and reservations noted in the title report pertaining to access and utilities as well as access to public waterways in favor of governmental agencies that are typical for this type of property and do not appear to have any impact upon the subject's highest and best use. However, there are several special exceptions in the title report that require some discussion as is noted below: The title report notes a possible fence line encroachment on the subject. However, this has apparently been remedied as the supplement notes that this has been stricken from the title. The title report notes a roadway easement in favor of Soundview Pulp Company. The easement was granted in 1948 and states "said easement to be in the same location as the present existing road." However there is no further description or any map showing the road. There is an additional declaration of road easement that was recorded in 1977 by Emel and Clara Arndt, who owned the subject at that time. It is noted as "Beginning at the Duckabush County Road, thence running over the existing road in a westerly direction ..." The overall descriptions of both road easements are not specific and their placement cannot be determined from the title report. Extraordinary Assumptions & Hypothetical Conditions The conclusions drawn by this appraisal have been arrived at with no hypothetical conditions. As noted above there are two road easements noted in the title report whose placement is not specified. Discussion with the existing property owner indicates that there has been no use of any easement through her property during the time of her ownership and there is no recent evidence of such use. It may be that the easements correspond to the driveway that approaches the subject from Duckabush Road and gives access to neighboring properties. Given these circumstances it is an extraordinary assumption of this appraisal that these easements do not constrain the highest and best use of the subject. In the event information comes to light indicating that this is incorrect I reserve the right to reconsider the opinions stated in this report. Ownership History The UASFLA requires a ten year record of sales for the subject. The subject was purchased by Lisa Ann Berntsen from David A. Goetze on November 1", 2002 for $158,900. Discussion with Ms. Berntsen -12- Job No. 1325 STEPHEN SHAPIRO COMMERCIAL APPRAISAL, LLC Berntsen Properly indicates that this was intended to represent market value at that time. Owing to the age of this transaction it is not considered to have significant relevance as a present market value indicator for the subject. To the best of my knowledge the subject is not presently listed for sale or part of any pending transaction. However, it is known that the Jefferson County Environmental Health Department has an interest in acquiring the property. - 13 - Job No. 1325 STEPHEN SHAPIRO COMMERCIAL APPRAISAL, LLC Bemtsen Property NEIGHBORHOOD DATA/MARKET ANALYSIS -14- Job No. 1325 STEPHEN SHAPIRO COMMERCIAL APPRAISAL, LLC Bemtsen Property ja� 1� STU� S�P� �L�� L� �C,� NEIGHBORHOOD DATA/MARKET ANALYSIS LocalioNPopulation As shown on the map on he previous page the subject is located about four miles southwest of Me village of Briunon and about 33 miles south of he city of Pon Townsend in Jefferson County. With a into land area of 1,808 square miles and an additional 369 square miles of water this is the I8" largest county in the shire. Nmuai Inndform3 divide he county into three distinct areas: Western (along the Pacific Ocean); Central (Olympic National Forest and Olympic Nathadd Park, which is mostly uninhabited); and Eastern, Me portion which lies along the Straits of loan de Fine and Pon Townsend Bay, which is the most heavily populated area of left o County. The Olympic National Park is a vast wilderness area compassing dangerous min foresq mountains, and indicated coastline; it is riaged by Highway 101 and is accessible from all sides. It is one of he primary attrmarion within the Puget Sound region and is a significant tourist destination. According to he most recall (April 2012) formation estimate by the Some of Washington Office of Financial Managemem, all of Infused Ciu..ly included 30,175 people. Port Towruend is the only incorporated city in the county and has a Population M9,185. With a population density of only around 16 inhabitants per square mile, leffanson County is very mml. eaoaomte Conditions Jefferson County has historically had Me characteristics of a resource -based economy, with a heavy dependence on timber -related industries and marled. But the timber Industry has been in decline for a lean the pest two decades, and the local work -force has had m adapt increasingly. As recently as 1993, Me major employers In the county were all associated with timber. By 199$ the economy had diversified to revolve around five broadly defined industries: laal government, food scrvl e, paper and allied Products. union and recreation, and legal and health services. In recent years economic growls bas beneficed film successful industry clusters including and and culture, marhime and boat building small scale manufacturing, tourism and entertainment, and food and finding. Agriculture is experiencing rapid growth with he most successful f ere market west of Seattle, with summer sales of newly $1 million, a local food coup with sales over $10 million, an award winning cheese processing plan, and many small value added Most businesses. Jefferson County's brighten prospects lie in the promotion of in scenic and natural environment. The min shadowed noMexstem panhandle, along with Sryuhn area to the west in Clallam County, his proven to be an attractive retirement area, with the today of outside dollars in the form of retirement incomes being an important component of the local economy. The second home market bas also became an important component of the local economy; however, his has seen a slump over the past couple of years along with the overall decline In the Iecal and regional housing market The tables on the following page illustrate the trends in unemployment rates over the past three years in lefferson County and the emire State of Washington. In June 2013, unemployment stood at 87% for Jefferson County compared to the ] 0%n overall rate for he State of Washington. This compares with a rate of 9.1ao in June 2012, and reflects the confining stabilization of the local job market. The 16- Jab NO 1325 STIoM749NCNIM COMMERCIAL APPRA6Ay LLC pmann Pgpny Washington Labor Area Summery antes that'Yhe county's employers continued to hire staff in most sectors end, while them will likely be Additional ups and down in Me unemployment figures in Me coming months, Me 2013 numbers clearly represent a positive (rend, while economic growth in this slow recovery begins in bake bode The median household income for Jefferson County was estimated to he 544,348 while Me sane as a whole was estimated to be $55,500 in 2011 (puce of Financial Management). Unemployment rates, not Aeasonally adjnatel, m Jefferson uwv 115% ILga 10.5% n.n 95% 9.096 an Jan Fm Mar 4, May Jun Jul Aug Sep nn n°v Ott r°erv°. 1325 STEPHEN SIWNU COMNIERCW, APPM4G4 LIX Bemuen PWery Unemployment retm not seasonally adjusted, M WaeWngtan8tate JOAN Abe as m COX ten Rb W Ap Nry Jun Jul Aug See M %w Oe[ ease "12 eilm sail r°erv°. 1325 STEPHEN SIWNU COMNIERCW, APPM4G4 LIX Bemuen PWery Single Family Residential Market The primary residential market areas in Invention, to the subject include the communities of Quilcene, Brinnon, Coyle Bond, and Pon Hadlock, as well ss the more affluent areas of Pon Townsend, lCala Point, Mamowend a Island, and Port Ludlow. The Port Townsend area is a noted retirement destination as it is Indeed on loan as Fuca Strait ad Part Townsend Bay, and is also within the rain - shadow, of the Olympic Mountains. Me influx of relatively affluent resident, who are not dependent an the somewhat aortic local economy fm employment, serves as a m ideary of demand within the local housing market Consistent wait home price trends in the central arems of Western Washington, the Jeffideran County housing market posted significant pricing gains experienced over the years from 20M into 2008. However, this pricing head moderated after that time as a consequence of the overheated maker of the pmvions years. Subsequently, in accordance with the demise of the overall housing market, the area experienced a significant decline in sales activity ad prices for both homes and residential land. The tables below ad the graph shown on the following page are based upon sales cute from the Nonhwem Mukiple Listing Smice and show the trends in residential real estate pricing for selected made of JeRerson County over the mat eight years. In general, the dam shows a steady rise in home prices into 2008. Suladquently, home prices tell precipitously in all of We :ubmmkd5 note. The most significant drops occurred in the Quilcene and Beene areas in the muthem part of Jefferson County fattiest from Port Townend. While this might suggest Nat more coal areas were more susceptible or reductions in home prices, it should also be noted that these are the most sparsely populate areas of the county and they posted a very small number of sales that resulted in a statistical anomaly resulting from a disproportionate meatier of very low priced homes that skewrd Hun overall average. Since 2011, sale Prices have stabilized mad are beginning to rise as general economic indicators show posave signs and the backlog of Inventory is slowly being reducer. -I&- Favor My StEPX¢XSWVmO COMM¢aC4LArPR46PLLLC mmpn Pmpary Average House Price Trend Analysis lkm pakt Hsg D"'d pug many osy-110 Pull mill 480 it T6wweM Mile W2,M 13685w 5262.732 539% Mug 3u1,9u fM7,442 Moist Pon W61W M5,57i SM9,892 S2N,442 M,494 I[Tb86 5195.68 3174,535 $]%.M sitars 4V VmLLWbw S29s M9 y26p50 1151,112 $37012 $355$% 011$32 M452 825M 993.988 493 rpilwr 1211,236 320,899 SM435 53T250 I136,050 I177,Ie9 3185,139 $199,136 SUwSW 493 R,es,r m9 0 5242 an $113.}2 H 5151 $15 eat $171627 SW 9g $10961 3 va 2 IRmmC E279365 13%888 8299062 SMUS9 S300139 5201821 Fermi Un.933 1262996 p ®NIM 2916 W gtl Zan lyl3 gH M 12imm Rrowmga 19% -tor ; M _ISM 6Te 1n Nomfiek 22% 82% -00% 10.1% -108% 123% -39. 189 NnLWlw 194% -54% .13.0% 51% .116% 91% 43% 13 92 (Floe's -15M 151% 615% b66% 10.6% 45% 3. 19) Poor, Brawm 319% -I3% 2 +1% 4g1% 266% aJ,3pi }9.9'j .214 106% Q9% L% S3% O6% 125% 26% -2 -I&- Favor My StEPX¢XSWVmO COMM¢aC4LArPR46PLLLC mmpn Pmpary Avevege Nmue PVke TeuM Conclusion and Summary While the data discussed above instant W improved residential property (due to Me Mtt Mat the NWMLS does not provfda statistical archives for sales of vacant land) my own independent research indicates that Me genmal trends for vacant land in unit market area generally Week with the data for improved residential properly. This is not surpribing given that they are ultimately used for Me same purpose. AlMOugh Me subject froperly is located in an attractive renal sening Me Bannon area ix not a primary demarcation for residential development. The lesson is that it Wo far from established comovercial centers oRaing services and jobs. Nevertheless it is an spinning location for home buyers wits less convernional lifestyles or whose jobs do not reel muting. file area also has appeal to Muse who have interest in inking advantage of the extensive nearby recreational opponurtities available in Me Olympic Moemins mW marine activities in Hood Good. Given that home prices M Me Brimman area factually a bargain relative to the more populous areas of Jefferson County, Me subject is well positioned W capture demand from this egmem of me marl housing market. 19- Job Na.l3u 3IEexP,N SILVIRO wmmsxm.h.mn.mayuc Bampn gepary 2009 not 29117 Ift 201) "to nil M12 2013 Conclusion and Summary While the data discussed above instant W improved residential property (due to Me Mtt Mat the NWMLS does not provfda statistical archives for sales of vacant land) my own independent research indicates that Me genmal trends for vacant land in unit market area generally Week with the data for improved residential properly. This is not surpribing given that they are ultimately used for Me same purpose. AlMOugh Me subject froperly is located in an attractive renal sening Me Bannon area ix not a primary demarcation for residential development. The lesson is that it Wo far from established comovercial centers oRaing services and jobs. Nevertheless it is an spinning location for home buyers wits less convernional lifestyles or whose jobs do not reel muting. file area also has appeal to Muse who have interest in inking advantage of the extensive nearby recreational opponurtities available in Me Olympic Moemins mW marine activities in Hood Good. Given that home prices M Me Brimman area factually a bargain relative to the more populous areas of Jefferson County, Me subject is well positioned W capture demand from this egmem of me marl housing market. 19- Job Na.l3u 3IEexP,N SILVIRO wmmsxm.h.mn.mayuc Bampn gepary SITE DATA -zo- m.M1... nmm NEIGHBORHOOD /STREET MAP ME mnxo. 1525 STEPHEN Sw IRO mn>ERCw.n L. LET Bl�Ny ) SITE DATA London and Argues Referring m the map on the previous page she subject is located on the south side of Dowlad nth Road about four miles southwest of the village of Brilmon. The property has frontage on this road at Its southwsem and nonbeastem areas Oat is interrupted by other Records in between these locations. DuckabuO Road In a paved two -lane sheet Oat intersects Highway 101. This provides access to Shelton about 35 miles to the moth and Olympia about 50 miles to me smash. To the north SR 101 links with SR 104, which provides access m the Kitsap Peninsula. There U a Washington State ferry tewinal in Kingsmn that provides areas to Edmonds near the larger city of Eve". Anmher ferry on Bainbridge Island provides direct access m downtown Seattle. However, these are about 40 miles and 55 miles, respectively from the subject, and are considered m be well beyond the typical commute for employment. Regarding the subject's primary access from dm southwestern frontage on Duckabush Road there is an existing gone] driveway Out extends across a neighboring property for a short Orange. I am not aware of any easement or other documented right to cross this property. However, it should be noted that while this is a convenience to the subject, alternate access ro Duekabush Road can easily be perfected directly from the subject's frontage at very low cost. It is not clear why this has not been perfm n4 but this is not considered to be a material liability to the use of the subject. Similarly, access to the subject's other potential home site in the consent portion of the property can readily be created from one existing frovoge on Duckabush Road. Land Area The germol layout of the subject property may be visualittd from the aerial pborograph on page 5 and she plat map on the following page. The subject h¢ludes two tax parcels a1M has an hregulm shape. The total area amounts to 21.9 acres according ro the records of the Jefferson Cowry Assessor. This is tured to be, correct as I have not been provided a survey of she subject that gives the lots[ acreage. (The survey associated with the ordered delineation in the addenda of this rep" document the sifts of the wetland areas but did not survey me entire property. Rather, the acreage for the entire subject noted on the survey is a restatement of the country's indicating I Parcel 502171004 is an irregular shaped lot Oat comribmes about 21] acres and ]tercel 502171012 u a rectimminr shaped lot that contributes about 0.16 rem The smaller parcel provides access from Duckabush Road to the northern portion of she larger parcel but appears to be Or We small in accommodate development. However, according to Colleen Zmolek, associate flogger with the Jefferson Cowry Department of Community Development it would be possible to perform boundary line adjustments between the two parcels to make them more equal in size and allow both be remit their legal lot slow Historic and Present Use The subject has been utilized by the present owner for recreatiowl purposes and that is its current use. It was previously improved with a cabin and ban that were demolished in preparation of the construction of a residence. This structure was never built, however, and the propesry presently contains a 200 amp _22- Job No 1325 SrfeNENSRVIRO COnP18RC1ALAVYRwISA4LLC aemam Vrtpep -23- J,b NO. 1325 SfEPNCNSRAPIROCOMMERCILL .VPPEIUy Pcm¢ Ywp,y ZONING MAP _24- ioe rvo. 1325 saep N[ PIROMMMERc L eev.OSe4u eem vw�y power well sunaunded by a well house son a recently installed septic system that is penuittied for a four bedeaam home. Zoning The zoning map on the previous page shows the subject having a JeRermn Cowry inning designation of Rumi Residential(" 115). Tha Jefferson Coumy Municipal Coda notes: They Pose flJds district is to allowlr continued residential development in areas IJeferson County corecticting of relatively high dmmiy preexisting parcems of development, along the comry's wamal seas, and within areas within or adlacent to rwal centers and rural crouroad. In addition, this district eks to support and foster Jeferson County's existing rural residential landscape dM character by restricting new lmrddivisiom to a base demiry lone witperfive acres The primary, allowable use in the RR 1/5 zone is single family residential development. Multi -f ily use is not allowed except for residential cart facilities up to 5 persons. he general, commercial uses are not allowed in this soar; however, home businesses are allowed. As shown on the zoning map, the subject is bordered w Me muthwestem side by rose Commercial Forest roue that allow for even less residential density at one wit per 80 acres. Since the subject consists of Loral of 21.9 acres it nominally qualifies for subdivision inn 4 development units given Mat Me prevailing Mae requires a minimum lot size of 5 acres. However, in order W be entitled for 4 development rights it would also need in be in compliance with all other Jefferson Comity land use requiremmn including critical areas regulations. Ewiroomeotally Critical Areas 1 sin not an env'vovmenul biologist qualified to determine the extent of coy critical areas on the subject However, my inspection did show the presence of the Duckebwh River adjacent to the subject property and indications of wetlands on the site. I investigated the mvirolwmmay sensitive areas map provided by the liberation Coumy RAAP database which is provided on the following page. This map Monsoon than several critical areas including a stream, wetlmds and fiaodplain we present on the subject. The Buckabush River is classified as having a Conservancy Shoreline according W the Jefferson County Shoreline Master Program. The Washington Bepattment of Fish & Wildlife lien the Oucksm ush River as being laminar for several species of fim- including cuVlvost trout, several types of salmon and awathead trot. Jefferson Cowry's critical areas regulations require a insRer of 150 feet from the river from my development. The U.S. Fish and Wildlife Service's National Wetlands Inventory map on page 27 shows the presence of several wNiands on the property. The estimated acrmge of the refund areas on the subject was derived using the digital measuring not on the NWI map and touts about 8 acres. However, it should be noted that the NWI map is gelwreted from manes Mat do not include any on -me surveys and R is not intended to be a def dive indication of wetlands on the pmperty. Alternately, an un -mie wetland survey was performed in 2002 by the preperry owner, Lisa Bentsen, who is a Professional Wetlands Surveyor with Applied Environmental Services, Inc. The results of this survey -25- mervo 1325 srivxarvswvmo wmmeacu2,aemu®a4ttC nommn napatl ENVIRONMENTALLY SENSITIVE AREAS MAP -26- Ioh NO. 1325 SrE EN KUPMOf MMCRC AITBU9N4L Bem�Vrepelq NATIONAL WETLANDS INVENTORY MAP 27- kb NO.1325 STer N aMAPIRO mMMena.M. AFFeIe Lc m�.�eAam . _.§x ,_ 9f .�, , e NVId3,j\ d \1 \\ erg§ WETLANDS DELINEATION MAP i }�f | || | || !! !| || are detailed in the Wetland Delineation Report, dated August 11, 2002 by Applied Environmental Services, Inc. and a copy of the report is included in the Addenda of this appraisal. The wetlands delineation map from the report, provided on the previous page, illustrates the results of the survey that identifies three discrete wetland areas (A, B and C) located on the subject property. The color coded boundary lines were added by the appraiser for clarification. According to the wetland report, Wetland A is classified as a Category III wetland which totals 0.13 acres, Wetland B is classified as a Category I wetland which totals 6.91 acres and Wetlands B is classified as Category I wetlands which totals 1.09 acres. Since this delineation report was performed before the State of Washington wetland regulations were revised, a new delineation would be required by Jefferson County to meet current standards. The updated wetlands delineation report would detail the required setbacks from each wetland area where development is allowed. Nevertheless, the Applied Environmental Services report does provide a good indication regarding the subject's wetlands and a credible basis to analyze their impact upon the subject's development potential. Determination of wetland buffers is based upon a combination of the category of wetland and the impact of land use. The table on the following page indicates that single family residential development on parcels one acre or larger is considered to be a moderate impact. Since the subject's wetlands have not been assessed points for characteristics it not possible to assign buffers. However, the table notes that the range of buffer widths for Category I wetlands is 75'- 225'. The 2002 wetlands delineation report states on 26 that "the layout of the critical areas onsite (Duckabush River, floodplain, wetlands, steep slopes) make it impossible to put the building footprint outside of all those critical area buffers ". The report goes on the state that the previous and present use of the property as a residence would "likely, through use of the previous wetland regulations, through a grandfather situation, to comply with previous wetland buffer regulations. Some buffer averaging or reduction may be required with that scenario." A Site Plan Approval Advance Determination ( SPAAD) was approved by the Jefferson County Department of Community Development on December 3, 2007. The property owner did not proceed with development of the property and the SPAAD expired on December 3, 2012. Colleen Zmolek, Associate Planner with the Jefferson County Department of Community Development, noted that the expiration of the SPAAD requires submission of a new application meeting the current regulations and would include an updated wetlands delineation report. The Jefferson County IMAP also indicates that the subject may contain areas impacted by channel migration hazards as illustrated on the map on page 33. Ms. Zmolek noted that the county's critical areas map is not intended to be a definitive survey of channel migration potential. However, she did say the land use permitting process would require a further study to determine portions of the property considered to be located in the channel migration hazard area. She stated that Jefferson County does not allow buildings to be constructed in the High Risk Channel Migration Hazard Zone The Jefferson County IMAP also indicates that the subject may contain areas impacted by erosion and landslide hazards as illustrated on the map on 34. Ms. Zmolek stated that the county's critical areas map is not intended to be a definitive survey of erosion and landslide potential. However, she did say the -29- Job No. 1325 STEPHEN SHAPIRO COMMERCIAL APPRAISAL, LLC Berotsen Property Jefferson County Code Title 18 UNIFIED DEVELOPMENT CODE Chapter 1822 CRMC:A1 AREAS 1822.170 Protection standards. Tame 1&22330(2) wETLAIM CATECORMS, RAMNG SCORES AI® BUFFER wmrE3 FOR 1WRERATE IsRACT LAM USES Moderate impact lend uses shall include the following: Single- family residential use on parcels of one acre orlasger, Private roads or driveways saving three ora m residential pastels; Paved trails; Passive recreation areas; Utl ity confiders (private orpuhlic) with a maiotemoce road; Class TV- General forest conversions, iocludng conversion option harvest plans. wriaadcow" w.wmd Caararbanu: Bags RMdnlaben +Am AddaYaaltPhWo Rabasem Id..ms Waamt Haudarr tam as Apparent wawa QUAD& (WQ) !Ue>MMIND Wetlaad Rmamdsr Went BsRmartd) IV [Total of scores less than 30 points] 40 feet +20 feet (rotas of scores for all functions is less then 30 points) ID [With H score 20 -2S points] 110 feet +30 feet (Total of scores for all functions [Not meeting above cbmacteristic] 60 feet is 30 -50 points) H [WQ score 24 —32 points and H score 75 fed +40 feet (Total of scores for all functions less than 20 points] is 51— 69 points or having [H score 29 — 36 points] 225 feet "special characteristics" [H score 20 -28 points] 110feet identified in the rating fom) Plumose] 110 fed [IMmkn el 110feet NNW meeting above characteristics] 75 fed I [WQ score 24 — 32 points end H some 75 fed +50 fed (Total of scores for all functions less that 20 points) is more them 70 points orhaving [H score 29— 36 points] 225 fed "special charactemstics" (H score 20 -2S paints) 110feet identified in the rating form) [Coastat Lagoon] 150feet [Fstuarme] 150 fed [Nelms( Heritage Wetland] 190 fed [Bog] 190 fed [Forested] Bufferwidth based on [aim meeting above characteristics] score f"H fimetions m WQ functions 75 fed Note: Wetlands shall be classified using the 2004 Washington State Department of Ecology's Welland Rating system for Western Wasbington (Ecology Publication No. 044M405 or as amended. -30- Job No. 1325 STEPHEN SHAPIRO COMMERCIAL APPRAISAL, LLC Bemtsen Property land use permitting process would require a geotechnical survey to determine portions of the property considered to be erosion and landslide hazard areas. In the event that a proposed development cannot avoid critical areas or buffers the county code does afford several alternatives under the provision of the Reasonable Economic Use Variance (RUEV) or a Critical Areas Stewardship Plan (CASP). An informational document provided by Jefferson County defines a Critical Areas Stewardship Plan (CASP) as a way for an applicant to reduce fish and a wildlife habitat conservation area ( FWCHA) buffer or wetland buffer. A CASP is a report that is prepared based on site - specific conditions and is used for permitting residential development. The intent of a CASP is to include owners in decisions that affect their property while still protecting the functions and values of critical areas on and in the vicinity of their property. An applicant may be able to submit a CASP for permitting if the proposed project cannot avoid a FWHCA Buffer or a wetland buffer and if all of the following are met: • The applicant is proposing residential development; • The property is'' /< acre (10,890sf) or larger; • The CASP is being used only for FWHCAs or wetlands (Category 11, 11 and IV wetlands and Category I wetland buffers, but not Category I wetlands); • The fill materials used for development will be placed outside the FWHCA wetland; and • The CASP provides equal or greater protection of critical area functions and values than that provided by the prescriptive buffer width. While it is not explicitly stated above, it is implicit that some degree of mitigation is required in order to facilitate a CASP. The Jefferson County Code notes; "Performance standards will vary from one plan to another depending on the critical area being protected and the potential hazards associated with the proposed development." Determination of the required mitigation would result from the assessment of the property as part of the county's land use permitting process. Therefore, it is not possible to state what the impact of a CASP would be on the subject. However, my discussion with qualified wetland biologists who have performed mitigation indicates the cost can be in a range of tens of thousands of dollars per acre (and as high as $250,000 /acre for creation of replacement wetlands). Therefore, a CASP would only be economically feasible for the subject if the costs of implementing a stewardship plan were less than the value of the development rights being enabled by such a plan. The Reasonable Economic Use Variance (RUEV) of the Jefferson County Code is applicable if denial of a land use permit would deny all reasonable economic use of the property. An RUEV may be granted only when the hearing examiner finds that the application meets all of the following criteria: (a) No reasonable economic use with less impact on the critical area or its buffer is possible. (b) There is no feasible on -site alternative to the proposed activities that would allow a reasonable economic use with less adverse impacts to critical areas or associated buffers. Feasible on -site alternatives shall include, but are not limited to: (i) Reduction in density, scope, scale or intensity; (ii) Phasing ofproject implementation; (iii) Change in timing ofactivities; and -31- Job No. 1325 STEPHEN SHAPIRO COMMERCIAL APPRAISAL, LLC Bemfsen Property (iv) Revision of road or parcel layout or related site planning considerations. (c) The proposed variance will result in the minimum feasible alteration or impairment to the critical area functional characteristics and existing contours, vegetation, fish and wildlife resources, and hydrological conditions. (d) Disturbance of critical areas has been minimized by locating any necessary alteration in critical area buffers to the minimum extentpossible. (e) The proposed variance will not cause degradation to surface or groundwater quality. 0 The proposed variance complies with all federal, state and local statutory and common law, including the Endangered Species Act, and statutory laws related to sediment control, pollution control, floodplain restrictions, and on -site wastewater disposal, and common law relating to property and nuisance. (g) There will be no material damage to nearby public or private property and no material threat to the health or safety ofpeople on or off the property. (5) Conditions. (a) In granting approval for reasonable economic use variances, the hearing examiner may require mitigating conditions. (b) In granting approval for reasonable economic use variances involving designated wetlands, the hearing examiner shall consider the following mitigating conditions: (i) Provision of a mitigation plan demonstrating how the applicant intends to substantially restore the site to predevelopment conditions following project completion; and (ii) The restoration, creation or enhancement of wetlands and their buffers in order to offset the impacts resulting from the applicant's actions; the overall goal ofany restoration, creation or enhancement project shall be no net loss of wetlands function and acreage. As was the case with the CASP, the Reasonable Economic Use Variance may require mitigation. Further, it does not ensure that the ultimate use of the property would be in accord with the zoning standard. Thus, in the case of the subject "reasonable" use could conceivably be construed as allowing only one single family development despite the fact that the zone nominally allows for four. Although critical areas buffers are intended to preclude development from environmentally sensitive areas, Jefferson County does allow some variance in the application of buffers in order to facilitate development. In particular the county code allows for administrative reductions in buffer widths "upon submission of a special report by a qualified professional that demonstrates a buffer reduction does not have any adverse impact upon the existing function and values of the wetland." Buffers may not be reduced to less than 75% of the prescribed buffer. Similarly, an administrative decision can be made to allow for buffer averaging, which effectively allows for straightening of an irregular buffer boundary in order to more readily facilitate development. Once again, buffers may not be reduced to less than 75% of the prescribed buffer. -32- Job No. 1325 STEPHEN SHAPIRO COMMERCIAL APPRAISAL, LLC Bemtsen Property CHANNEL MIGRATION HAZARD MAP -33- iouxo uxs s PHr �O COMw RCw � Li a to no EROSION AND LANDSLIDE HAZARDS MAP ;q. J,b N, 1325 S PXEN SHAPIRO Le Bem P y ummm. ma",n a I EROSION AND LANDSLIDE HAZARDS MAP ;q. J,b N, 1325 S PXEN SHAPIRO Le Bem P y \\ Feb s� TOPOGRAPHIC MAP (20'Contour Lines) -35- bm 1325 STUD NSRAVIROCOMMeRCIALAPPGI&SL.LL 9enoen POlvly Topography The topographic map on the previous page has contour lines at 20' intervals that show Me subject's prevailing upward slope from the Duckaa sh River to around 160' at the highest elevation M the Im plo tam poftio areas on property. While she map potential some mess several home does. The ward be slope from level mess is Me properly Mm have the potential to support severe) home sites. The upward slope from the water also provides the benefit of creating a good view to Me west and south of the Olympic Mountaim. Soils I have not been provided a soils survey of Me subject by a qualified soils engineer. In general, the primary is dated with soils are Me ability m support septic systems and residential improvements. Mson -sire septic system was permiued by the Jefferson County Enviromnental Health Department and installed in 20M and nearby prommies support septic systems and residential Improvements. Therefore, the soils on Me subject we not considered to limit Me highest and best use of the subject property given its extremely low development density potential. Mioera s To Me best of my knowledge More are no commercially valuable mineral deposits on Me subject. Utilities Electrical power has been extended onto Me subject to serve the existing well and could provide for a residence m Me sexual; home site. Sewagr would be handled by the existing septic system on this home site. Power can readily he extended m Me northemtem area of the subject to accommodate a second home site. Developme d of another some site would also require an additional well and septic system. This is considered! to be fiasible in the nmthemmm area of me subject that is outside all critical areas. Vegetation & Timber The subject is partially forested wish native deciduous and evergreen owes. I have not been provided a timber value report for Me subject property. However, given Me extensive encumbrances over Me property from critical sees it is my opinion Mat any economic benefit from a commercial harvest would be negligible. Ruder, Me primary benefit of Me subject's trees is as an amenity end privacy baRer. This is accounted for in the direct sales comparison approach analysis. Havrdoua Materiab I are unaware of any toxic contaminating materials either in the subject soils or within any of Me subject premises. This appraisal assumes that Me subject property is her and clear of all contamination Mat may be associated with any bmardons ordered. However, this assumption should not be consisted as a guareutee Mat this is the case. -36- Job rvu 1325 STEPlLLry anwPIRO COMMERCW, Adsstmmi -ErC panuen Propeq Improvements As previously discussed, the subject was formerly improved with a cabin and bane then were demolished by the present owner in preparation for nedevelopment of the site Existing improvements include electrical power, a new well and a septic system that were installed by the present owner in anticipation of presents] development of a residence. These are considered to provide a positive economic contribution to the subject. Flood Zone As illustrated on the environmentally sensitive areas map on page 26 a portion of the subject is located in the Floodilainofthe DwItabushlllver. Sulficientareafofdev eloparentoutsideofefloMplainmmains on the property and therefore site existence of the Oaodplaw is not considered to affect the highest and best use of the subject. Real Estate Tares and Assessments By atemm, properties in the some of Wazhingten arc to be assessed at 100% of market value. nit current Jefferson County assessment and tax statement for the subject is noted below. In my opinion the assessment for the subject's hard is considered In be below the current market value. Passel Number Lend Assessment ImaAssemment Total Assess ent TBZ"I S02171004 $128,720 $o $128,)20 $1,11).64 502 71012 $680 L $§gq $1083 Torok $129400 $0 $129,400 $1,119.4) MI&E Jobs, 13y5 srnnEN Sarasota CONarmcwL A¢en.el9Ar, Lte Iknam e„arm HIGHEST AND BEST USE -38- la Na. 1325 SOPRON SHAPIRO COMMERCIAL APHIS I uc e.muffl �m HIGHEST AND BEST USE "Highest & Bert Use" is defined by The Appraisal Imtimce as: "Me reasormbly probable and legal use o vacant land or as imYroved property, which is phgarallY possible. appragrimelY supparr .InonciallY feasible a7 chat results in the high IIre criteria the highest and best use must meet me legal permissibility, physical Possibility v=Ifisasibilsi, and maximum profitability " Source: The Dictionary of Real Estate Appraisal, Fourth Edition, Copyright 2002, Published by the Appraisal hotimts, The highest and best use analysis pmvides the foundation for a value conclusion by identifying the specific market position of a subject and Hereby specifying appropriate market comparieona for i4 m well as Me relevant approaches m value. If the property is improved, Me process requires estimate analysis of Me Inpd as though vacant and Me load as improved. This provides the basis for a conclusion as m whether the improvements adequately contribute to overall value as to continue to be Me pref ed use, or whether an alternate use would better support Me land value. In this care the subject has no structural improvements and is considered to he vacant However, Mebndfit of the existing well and septic system me considered in the valuation analysis. Highest and Best Use The highest and best use of the subject is guided by its Jeff n County Rural Residential ama that limits development to one unit per five acres of Road. The aomhem parcel (502171004) contains about 219 acres and would nominally qualify for fora development rights. The northern parcel (502171012) cement about 0.16 acres and is therefore considered a non - conforming legal lot with one development right. At Me same doe, however, development of Me southern personal is highly constrained due to the fromence of existing environmentally critical area and Me nerthem game] is not developable due b irs small size. Given me subject's location in an a tramive mIM area with bobble on the DHCkabu do River and Olympic Mounters views, it is well surged for residentia] development Power, water and a septic system are mated an me southern force]. Power is available along Duckabush Road for ace by Me northern parcel and installation of a well and septic system is considered f ible since neighboring properties utilize these items. Since me modern parcel is very small development is nth considered feasible in we torrent conditioning. However, aBoundery, Line Adjustment(BLA) to trmoter sufficient land from Me southern parcel to fazililate development an Me wardship parcel is considered reasonable since hom parcels arc under common ownership and Me southern parcel has excess IoM. The development map on Me following page depida a poceptial astound for development of bum parcels with one development right for each subsequent to performing a BLA. The portion of Me eoumem lot being traHfemed b Me northern lot Includes a relatively level area In the northeast comerm support a home site as well as excess amenity land door would provide Iromage on Me Duckabush River. mo via, 1e STEPHEN Sruemo ComMaetut aePn 1,UX nemv Fos, ry 4 �b4 *O 23 \ \ \\ N -a DIr SRC PLAN .a., r . rw 0 ion »o cn No Slbje Bovda Weaa.d C Boodary WeB d Boaada ��. Dac4abuY River Boudary wedaad B noodpl Boaedary OPmeaeal Home S &es Pmeyq &New Potuaal Boads Potutial Devebma Lab DEVELOPMENT SCENARIO (Boundary Lines Drawn by Appraiser are Approximate) -AO- 5ebw. 1325 sre NMwemoroMeuubnemssnyuc e. P.a y The development woresno map depicts how the two parcels could be reconfigured with potential horn sites and illustrates Me relative location of the sensitive areas impacting the property. An existing road provides access to Me potential home site On Me southern pmcal and a new road must be installed to the home site on Me noMem panel. Development of the property would require undegoing the Jeffersoa County land use permitting process including all necessary critical Hoes delineations since the SPAAD performed for development of Me existing home site exphed M 2012. However, given Mat preliminary approval bad been ground Ire development of home on the property and power, water and an approved septic system already exist it agiesm likely Mat development of the existing home site would be permitted. This is further supported by Me fact Mat the Jefferson County Cede has a number of provisions Mat afford Me ability to obtain at least one home site on a property Mat is heavily encumbered by critical areas. The subject's northern pmrcel He far less emumbered by critical areas aM is considered in be feasible for development of one residence subsequent to a BLA Mat increases its size. In terms of economic feasibility More is a well- esmblishxi market for residrnfuVrecreatiorul land on Me Olympic Peninsula as will be illustrated in Me valuation section of this report . Therefore Me highest and best use of each Me subject parcel ¢ for single family residential development to the highest feasible density. Based upon the foregoing analysis this would appear n be two units under Me presumption that the perfomnarne of boundary line adjustments would result in Me creation of two legal parcels Mat would each be emitted with One development right. However, this would only be determined by actually undergoing the leftirson County, land use permitting process. Given Me magnitude of Me subject's critical areas impacts it is recogniaad that the subject has a higher than typical degree of risk associated with procuring entitlements for development and that constraints would very likely be imposed Mat limit the number of entitlements to less Man is allowed under the existing vane and also prescribes limited home site Breed. This is accounnd for in Me valuation analysis Mat hallows. -ql - nb NO. 025 STEPHEN SHAPIROttlMM ¢RCNLMPRN6aI., LIE eovjm.Propxy PROPERTY VALUATION -43- mt x13. 1325 S1E NSX PMO roMMCRp Lem.. 4LLC Bem¢enlmMY A\ E la q €o �i LAND SALES COMPARISONS MAP -q3. Jab nu nss 8 nlxen SHAPERO mMMERVAL APPRABAt ut xemvm Fgem -a a, 3 d z� i g $� t8 LAND SALES COMPARISONS MAP -q3. Jab nu nss 8 nlxen SHAPERO mMMERVAL APPRABAt ut xemvm Fgem -a a, ag ; d LAND SALES COMPARISONS MAP -q3. Jab nu nss 8 nlxen SHAPERO mMMERVAL APPRABAt ut xemvm Fgem s LAND SALES COMPARISONS MAP -q3. Jab nu nss 8 nlxen SHAPERO mMMERVAL APPRABAt ut xemvm Fgem qy. mm fns tPPH NSa MOCOMMERC .neex.�s L4 mm NO -45- IOb NO. 1125 STEPHEN SHAP1RO COMMERCIAL APPRAISAL LLC Hamm, ggeny Sales Comparable 2 Tames, 5 a wor Braman b. Ades: Shat GMICI to Dosmmipe ROtl Use at Ram'. Sates 6 H&BU,, Rmal ResMemiot/Renee00Ml RR Ia0 eLxAm ImeAmc 11 13 M. Sete U@: hataT6,2012 h Pnm: $135,00 18ePmpm TSTe'. Wemery Htttl j. Tenor: Ccuh I. Homomlo: 565049 I. Bettor: Tom @Helena Emma m. Beyu: Hone Buscke a Static Hamwe Tax PVrolo'. 603243008 0. WMme 0.tlme h h,& Se11e5 (360) 9964876 immme CO my gveam ReeMIYFImWbsve P Tope h10ll1y q. by sbo'g Slisally Sbpiun V,m, View H0xwil1iP5NV« S. Crites! nrc Norc w....rcmek goo lrnnHn :w.1RPS R1.« -45- IOb NO. 1125 STEPHEN SHAP1RO COMMERCIAL APPRAISAL LLC Hamm, ggeny job No 1325 sTEPXENSIUVm04XWM M1CWLAITBLL LLC memo, Pgmy Sales Comparable 3 Location 36 mi. IN of Part Angeles k. Access : Highway 112 C. use a Me: Vacam d. H &BUse: Rural ResidnniaMemeational e. Zoning: R20 &RS f Larq Area: 37.25 scree g. Sme Dole: April 26, 2011 h. Price: $187,000 i. instrument Type: Wartsnly DeM j. Terms: Ceeh k. Document q: 1265375 1, Seller: Richard l& Vicki J. Von(.mcar M. Bnyer: Narlh Olympic Lord Trust n. Tax parcel 9: 123114430000 o. Confirmed: Micbelle eflomewwr, Nalth Olympic Wnd Trust (360) 419 -1815 Clmlmn County Assessor Realquem Datimse p. Timbtt Premerch /Amnmy Treq q. Topoicaphy Fairly Level View PysM River& Olympic Mounmlus Crilicm mans: Wallsnds &Flwdplain L River/Creek 2,400 If on Pysht River job No 1325 sTEPXENSIUVm04XWM M1CWLAITBLL LLC memo, Pgmy -47- roexo. 1325 Ki HEN srwmo mnamacun aevantm1, Lt emmn � Sales Comparable 4 a. Location 8 mi. E of Pont Angeles h. Access: Highway 101 c. Use & Sale : Vacant & H &B Use Rmal ResidartaVRecreatiotml e. Zamora: Commercial ForesS I unit per 80 acres f 1,11miAsea: 54.98ac a Sale Do*: May 26, 2010 h. Price: $250,000 i. InNammt Type: Warranty Coed j. Tams: Cash k. Occurrent q: 1252492 I. Seller. George C. Rains, Sr M. Buyer: Robert ReaMeau n. Tax parcel N: 053014420000 a Confroncl George Rains, seller, 360808 -2335 Clellam County Assessor Realgrect Damhaae p. Timber Premmcb /Ammity Trees q. Topography Sloping View Siebert Crack &Olympic Simons s. Critical arms: Now c River /Creek 2,9801f on Siebert Creek -47- roexo. 1325 Ki HEN srwmo mnamacun aevantm1, Lt emmn � M Iob No 1325 Sr MMN 6NAPIW COWNeBC1ALAFPRAmA4 LLC Blm Pwrm Sales Comparable 5 Location 35 mi. W Of Pat Angdes b. Aaess: Paved SR 112 C. Useame: vacant pause is Tem f)mm a. H & B Use Rund RaUdenialBeaaamnal c. Zoning: Road 20, I wit per 20 acres f Laod Area 21.59w g. Sale Dam: August 12, 2010 K Price $125,000 1mmmumm Type: Wananly Dtt j. Tams: Cmh k. Rsclse No. 90339 L Sellm: Robert Bat m. Buyer NaMOlympicl.mWTnot a Tax 1#: 12311M9 O &123114190020 o. GMrmed: DmuM Gmfsimm, Lum&M As Assm, 360 3743141 C1a11nm Coumy Aveawr p. Timber Amomytea q. Topo®aphy Level r. View Pysm Riva GVBCal amss: P.xMmive weird and flW woes I. River /r ck 1,000 IfcO" River M Iob No 1325 Sr MMN 6NAPIW COWNeBC1ALAFPRAmA4 LLC Blm Pwrm pq _ lobrvo. 1325 s FHe MWIRO COMWRCUL. RA18 L C B=m Nm Sales Comparable 6 a 4 2 a. Locmim 5ai, SE afPwM Ies b. A s: ML Plewnma c. Un a sale: moo Resieentinl a. x &BUU: Rare) ResltlentiWReercmiaW e. T mg: R -5 f IaM Nw'. 1296 ma g. Sab 0.1c Wnbar 12,2010 h Price : 8350,000 Imnwnml Type: Wv o, Ceed j. Tenor: CW t Oocwnenl#: 1257583 L SeIW: Oarte16 L. Tke M. Buy ": PmmFamily Thm * Tax pace) #: 053030430010 o. Confi a Micb Ue Bam WiMa RE, (360) 457-4587 Clellum COMV ASSessof NWMLS, RmIques Daw sse p. TimM Mo& Cia d q. TWogmp slightly sloping . View Ery ive 54eil of Jaen 6e FOm QiucA yeas: Nom t Rlv x/ I.I 0 If on Minbg crs pq _ lobrvo. 1325 s FHe MWIRO COMWRCUL. RA18 L C B=m Nm LAND VALUATION mtroaucnav Valuation of Me subject relies upon a direct sales comparison analysis. Identifying differences in Me relevant elements of comparison between a given subject and the sale comparison properties is essential in the valuation process, and any significant differences must be adjusted eihet quantitatively or qualitatively in the armlysis. Therefore, it is important to have a good understanding of the comparable propemes' atlrib ins. Determination of subject's value relies upon six sales compmables described in the previous pages. The sales comparison map on page 43 indicates where the comparable properties are located relative m the subject and the individual data sheets provide demtis pertaining to the characteristics and sales tremactious of [here properties that are similar H lye subject lo Mat they are multi -acm parcels, located on either a river or creek with a highest and best use for most residential development. It should be noted that the scope of search for compatibles similar to the subject necessitated looking several years back nt time and over an expanded geogiaplkic arm. Thu is reasonable given the subject's [oral location Mat includes Irantage on a large river. Differences in these elements of comparison are accounted for m Me analysis Mat follows Comparable Dam Analysis of the comparable sales is based upon Me elements of comparison noted on Me summary grid provided on page 54. These are the various property characteristics as well as Me variables inherent in property lmmactions that detcrmme Me difference in prices paid for comparable properties relative to a given subject. The appropriate unit of comparison in this analysis is gross sale price, since His is Me basis upon which both Me typical buyer and seller would base their transaction of a coral residential land parcel with very limited development density. The adjustment summary grid provides specific data and descriptions of each comparable as well as Me subject and then makes aplempriam adjustments. The information and adjustments are based upon the appraiser's personal inspection of each pmpeny, as well as data provided by Me Jefferson County Assessor, flortbwest Multiple Listing Service, and discussion with a party involved m Me various transactions where possible. It should he noted Hat the camoeosbles are solinvarecd to cormaxicard to the sub as if Me comparable b nor ahtibnte to Me strident Me ad'umnent is netrative. and vice The summary grid shows adjustmema made to He salient elements of comparison re account fm value impacting differences between Me compatibles and the subject The Uniform Standards of Professional Appraisal Practice allows Mat an adjustment grid may provide either quantitative or qualitative edjushnmm (or a combination of both). However, it is well acknowledged in appraisal practice Mat market dam is often tro imprecise to support specific quantitative adjustments for many elements of comparison coed therefore same qualitative adjustments are often justifiably relied upon. The resson is Hat it is usually very difficult ro isolate the specific valor contribution of one particular element of comparison in the sale of a given pmperry from its offer value impacting Options. Ire Me analysis Mat follows Me quantitative adjustments have been performed MN with the ci lhative adjustments following. - 50 - nab NO. 1325 STEPHEN sHNma COMMERCIAL MaaAmLL, LIC n¢mumprpem Expenditures after the sale refers to costs incurred by the buyer immediately after the transaction. Typically this pertains to costs that may be necessary to correct issues of deferred maintenance that were known to need attention at the time of sale and therefore would be considered a cost of acquiring the property. Only comparables 5 and 6 had any such issues. It is estimated that removal of the existing old houses and outbuildings on these comparables would cost $10,000 each and this is added to the sale prices. The site improvement line item on the adjustment summary grid accounts for differences in improvements between the subject and the comparables. The subject is improved with power extended into the middle of the property, a water well and a new septic system certified for use with a four bedroom residence. Based on discussions with public utility districts in the area, the cost to extend power for about 800 linear feet onto the subject site is estimated to be $10,000. Based on discussions with realtors in the area, the subject's well is valued at $5,000 and the septic system is valued at $15,000. Comparable 1 had a well and therefore $25,000 is added to the sale price to account for power extension and the lack of a septic system. Comparables 2, 3, 4 and 5 had no power extended onto the site, wells or septic systems and therefore $30,000 was added to each of their sale prices. Comparable 6 had power extended onto to the site and a well and therefore $15,000 is added to the sale price to account for the lack of a septic system. Since the comparables were transactions of the fee simple interest there is no adjustment warranted for property rights. Similarly, they were transacted on a cash equivalent basis, which would be similar to the subject, so no adjustment is needed for financing. Conditions of sale pertains to the motivation of the buyer and seller. Typical market transactions are at arm's length in which both parties are inclined to maximize their economic gain and have no unusual influences or motivations. This is presumed to be the condition for any transaction of the subject, and confirmation with a party to the transactions of the comparables indicates that numbers 1, 4 and 6 were all arm's length transactions between private parties. By contrast, comparable 2 was a sale resulting from a divorce settlement and the selling agent noted that the seller was highly motivated to dispose of the property. This warrants an upward adjustment. Comparables 3 and 5 were purchased by the North Olympic Land Trust from private parties. This raises the question as to whether an adjustment is required for these properties. While land trusts are not governmental agencies, there may be a perception that they may be atypically motivated to acquire a particular property in order to achieve an environmental goal and that they may be willing to pay more than the market rate. In general this tends not to be the case. The reason is that just as private parties are constrained by budgetary considerations, land trust organizations are as well. Further, land trusts tend to have multiple potential acquisitions of property under consideration at any given time and usually favor transactions for property that they can acquire at the market rate rather than at a price above market. Since the sale prices of these comparables are supported by the other private party sales, I have concluded that the comparables purchased by this land trust are market transactions and no adjustments are warranted. This was also the opinion of the buyers and sellers in my confirmation of these transactions. One element of comparison that typically warrants an adjustment is market conditions. This accounts for any appreciation or depreciation that may have occurred in a given market between the time of a comparable sale and the date of appraisal. One of the comparables sold in 2013, one sold in 2012, one -51- Job No. 1325 STEPHEN SHAPIRO COMMERCIAL APPRAISAL, LLC Bemtsen Property sold in 2011 and three sold in 2010. As has been previously discussed in this report on pages 18 and 19, appreciation in residential property in the subject's market area was significant from around 2004 through the middle of 2007. From that time through 2010 the real estate market fell precipitously and suffered significant price depreciation. Since the beginning of 2011 real estate markets in the subject's area have stabilized (albeit at much lower price levels than in previous years). Nevertheless, it is necessary to consider market condition adjustments to account for previous market conditions. The best means of quantifying a rate for a market conditions adjustment is through analysis of a given property that sold and resold over a period of time or a matched pair analysis of similar properties that sold at different times. While this is a good means of determining a quantitative market conditions adjustment in a rising market with a large number of sales, it is much more difficult to ascertain a numeric factor in a falling market with fewer sales and buyers who may be inclined to hold onto their property. As a result, I have concluded that a qualitative adjustment is most appropriate to account for market conditions over time. Comparable 1 is a very recent sale in 2013 and comparable 2 is a fairly recent transaction that occurred in 2012. These require no adjustments. Comparable 3 sold in 2011 and requires a moderate downward adjustment. Comparables 4, 5 and 6 sold in 2010 and therefore require downward adjustments. Location is very relevant to the valuation process as it may be that two properties have very similar physical characteristics but nevertheless show value differences owing to circumstances of proximity or lack thereof to commercial centers. The subject is located about 4.3 miles southwest of Brinnon, which is a rural village in Jefferson County on Hood Canal. Comparable 1 is located about 1.5 miles north of Quilcene, also a rural village on Hood Canal, and is therefore considered similar to the subject. Comparable 2 is located about 5.3 miles west of Brinnon and is therefore considered similar to the subject. Comparables 3 and 5 are located about 35 to 36 miles west of Port Angeles, a city with full amenities and services, and is considered somewhat inferior since it is located in a more remote area. Comparables 4 and 6 are located less than 10 miles from Port Angeles and are therefore considered somewhat superior to the subject since Port Angeles provides more amenities and services than the village of Brinnon. The subject is located on Duckabush Road which is a paved street. All of the comparables are located on either paved roads or short gravel roads and are therefore considered similar to the subject in this regard. Topography can affect the locations of house sites and overall use. The subject has some areas of steep slopes. All of the comparables are either level or slightly sloping and are considered somewhat superior to the subject. The element of comparison for vegetation considers the benefit of trees. The subject is partially forested with many mature native trees that provide no commercial value but that do afford an attractive visual amenity as well as a privacy buffer from neighbors. Comparables 1, 3 and 5 are also partially forested and are therefore considered similar to the subject. Numbers 2 and 4 are heavily forested and are therefore considered somewhat superior to the subject in this regard. Comparable 6 is cleared is somewhat inferior to the subject. The category for extraordinary site conditions considers unusual physical conditions, both positive and negative, that would impact the highest and best use of a property and therefore its value. The subject and -52- Job No. 1325 STEPHEN SHAPIRO COMMERCIAL APPRAISAL, LLC Berntsen Property comparables 1, 4 and 6 had no extraordinary site conditions. Comparables 2, 3 and 5 were bisected by a river or highway that limited access and the use of portions of the properties and are therefore considered inferior to the subject. The next element of comparison considers the impact of sensitive areas. The subject is impacted by a river, wetlands, a flood zone and steep slopes that substantially increase the risks associated with entitling the property for residential development in accordance with is zone. Under optimal circumstance it could support as many as 5 development units. However, as has been discussed in this report, the critical areas constraints are such that the property is very unlikely to be permitted for more than two units with restrictions on the placement of home sites. Comparables 1, 2, 4 and 6 have either minor floodplain areas or no sensitive areas and are therefore considered superior to the subject. Comparables 3 and 5 contain minor wetland areas as well as similar floodplain and channel migration impacts and therefore they are considered somewhat superior to the subject. The next element of comparison noted on the adjustment grid pertains to waterfront quality. It is well acknowledged among buyers and sellers of property (as well as real estate agents) that waterfront property brings a price premium over non - waterfront property. However, the degree of this premium depends upon the quality of the frontage and the overall ability of the property owner to interact with it. Considerations include the size of the river, the type of bank that allows varying access to the river and the length of frontage. The subject is considered to have very good quality water frontage with about 850 linear feet on the Duckabush River. The adjustment grid notes the water body upon which the comparable properties have frontage, the length of frontage and type of bank. Based upon the relative mix of these characteristics I have assigned a ranking of waterfront quality (poor, fair, good, very good and excellent) for the subject and the comparables. Adjustments have been made accordingly. View quality is another factor that has an impact upon property value. The subject has views of the Duckabush River and the Olympic Mountains from many areas of the property with selective tree pruning. Comparables I and 4 have no views and are therefore considered inferior to the subject. Comparables 2 and 5 have views of similar rivers as the subject but no mountain views and are therefore considered somewhat inferior to the subject. Comparable 3 has views of a river and the Olympic Mountains and is therefore considered similar to the subject. Comparable 6 has no river view but has an expansive view of the Strait of Juan de Fuca and is therefore considered similar to the subject in this regard. The adjustment grid shows a line item for effective development units that indicates the most likely number of potential development units that could be entitled by the subject and the comparables. (It should be noted that the increased risk of such entitlement resulting from critical areas has already been accounted for in the "extraordinary site conditions" elements of comparison adjustment.) Since the highest and best use of the subject is for rural residential subdivision it is obviously relevant to show the value impact of having more or fewer potential development lots. All else being more or less equal a buyer will tend to pay more on a gross basis for a property that can accommodate more potential development units than for a property that can accommodate fewer potential development units since the ability to sell additional development lots increases the total return to the land. Appropriate adjustments have been made to account for the differences between the subject and the comparables. The final element of comparison noted on the summary table pertains to the size of the subject and the comparables. All other things being equal, a typical buyer will consider a property that is larger in size to -53- Job No. 1325 STEPHEN SHAPIRO COMMERCIAL. APPRAISAL, LLC nemtsen Property ME Job No. 1325 STEPHEN SHAPIRO COMMERCIAL APPRAISAL, LLC Bentsen Property LAND SALES ADJUSTMENT GRID SUMMARY Sub'eet Com anble1 Comparable 2 Com arable3 Canquirsibl.4 Com anble5 Comparable 6 Tax No 502171004 &502171012 702113011 603M3009 123114430000 05301442-000 3114440020 &1231144400 053030430010 Lociton Jefferson Comm Jeffeemm County Jefferson County CIaHmm County Clallam County ChDam Como, ClaBam Comte Sale Pdee Appraisal $120,500 $135000 8182000 $250,000 3125,000 S350,000 Date 1W -13 Aug-13 J.12 A -11 Mav -10 Au -ID Oct-10 Erpendono. After Sale None None Nom None Nom Demolish Old Simdm, Demolish Old Structures Adjusnnem jo $0 R 11 San 00 10 00i Aajs $lzgsoo fI35,000 9197,000 $zsg000 SuS,000 $340,000 Sin farm,".." Power, Won &Septic Well None None None None P.&well Adjustment 25000 $30000 $30,00 0 $30000 S30,0N $15,000 Adj$ $145,500 $165,000 $217,000 $280,000 $145,000 $355000 Property Righ+u Fee Simple Fee Simple Fee Simple Fee Simple Fee Simple Fee Simple Fee Simple Cempadwn Similar anwer Similar Slmtlar Similu Similar Adjustment No Adj No Adj No Adj No Adj No Adj No Adj Financing Caahpgoiv CamhE,iv C.bEra, Cwb Film, CuhPquiv CubEaviv Cash EW, Companion Similar Similar Sim Jar Similar imil. smid Adjustoent No Adj No Adj No Adj No Adj So Adj No Adj (:ondiiion ofsole Arm's Length Arm's Length Mortared Seller Amts Length Ann's Leggth Arm's Length Aron, Length Compvimm Similar Innfeno Similar Similar filar similar Adjustment No Adj Upwud Adj No Adj No Adj No Adj No Adj Market Conditions Jul -13 -1 mos I9 mos 26 mos 37. 35 our 33m. Comparison Similar Simd. Somewhat Sumnm Suoen °r simeat - S snot � Adjustmem No Adj No Adj Somewhat Downward Downward Adj Downward Adj Downward Adj L.Imn 13 mi SW .&B. 15 mi N ofQuI.r 5.3 ml Wof Brimon 36 mi W ofP.A Angel. 8 on E ofPOt Angel. 35 not W'afPOrt Angeles S mi SE of Pod Angeles Comparison Similm Similar Somewhat Inform Somewhat Superior Somewhat lnfmor Somewhat8unemor Adjutment No Adj No Adj Somewhat Upx'ard Somewhat Downward Somewhat Upwmnd Somewhat Downward A.em Paved Road Short Gavel Road Shod Gavel Road Paved Road PavM Road Paved Road P.ed Road Comparison tSmilar Similar Similar imil Similar Similar Adjustment No Adj No Adj No Adj No Adj No Adj No Adj Topography Areas of Steep Slop. Level Shghdy Sloping Slightly Sloping Slightly Sloping Lein Slightly Sloping Comparison Somewhat So, Somewhat Surat Somewhat Sim, Somewhat Simi Somewhat Superior Somewhat SUnenm Adjustment Somewhat Downward Somewhat Dowimard Somewhat Downward Somewhat Dowox'ari Somewhat Dnxnward Somewhat Downward Timber Palau; Forested Ferrell, Foresmd Heavily Fmeated Partially Foreskd Heavily Foremted Pawkily Forested Moody Cleared Comparison SS =1m Somewhat Suoenm Similm Somewhat great Similar Somewhat Inferior Adjustment No Adj Somewhat Downward No Adj Somewhat Dowmrard No Adj Somewhat Upward Fsnoi'dmvy Site c rob"onm None None Bisected By River Bisected By River& IFIdwey' None Bisected By River None Compamm. S.I. ar Inferior We Similm Iofenor Similar Adjustnee No Adj Upward Adj Upward Adj No Adj Upward Adj No Adj Sensitive Anus 40 % Wetlands. 30 %F1oodplmn Minor Fbodplam Minor Flmodplain Minor Wetmds, 30 %Floodplain Minor Floodplato 50 %Floodplain& None &30% Channel Migration Unread &20% Channel Migtanon Berard 30 %Channel Migration Comparison Suoenor Superior Somewhat Superior Sum Somewhat Super Suceno Adjustment Duumwerd Adj Downward Adj Somewhat Downwud Downwind Adj Somewhat Downward Downward Adj Wose')winrage Dockabmh Riven Little Quilam, River Dosewallips River Pysht River Siebert Creek Pysht River Minion Creek S%wvImv Bank 8501E Low Bak 1,2001flow Bank 7001fL. Bank 2,4o01f Low Bank 2,7301fL. Bard; 10001f Law Bank I, IN If Low Bank Total Wanton Quality Vay Good Good Very Good Very Good Good Very Good Average CimWnson $omex'hmt I.&. S.0 Similar Somewhat lnferm Similm kileflar Adjustment Somewhat Upward No Adj No Adj Sommba[Upwacl No Adj Upward All Pie. Duckabush Rivet &Olympic Mis None Dosewallips River Pyshn River & Olympic Mis None Pvsht Rivet Strait of In. de Fina cow.. Inferior Somewhat Inferior Similar Interim Somewhethtfmon Similar Adjustnnt Upward Adj Somewhat Upward No Adj Upward Adj Somewhat Upward No Adj Efjertmn Development 1/nin 2 Entitled I Entitled 1 Emitl d 1 Enhrled 1 Entitled 1 Etffiebve 3 Q Entitled, 2 PoommaD cow.. Innfcim Interim bfirm, Interior Interim Superior Adjusunent Upward Adj Upwmd Adj Upward Adj Upwmd Adj Upward Adj Donward Adj TamlSyae 2190. 1244. 1113. 3725. 5499. 2159. 17.76. Compammm Infn pr Inferior Superior stpori Similm Similu Adjmmant Upward Adj Upward Adj Downward Adj Downward Adj No Adj No Adj Quantitative Adjmmd Sale Prise $145,500 $165,000 $217,000 5280,000 $145,000 $355,000 Quilitatve Adjustments Property Rights No Adj No Adj No Adj No Adj No Adj No Adj Financing No Adj No Adj No Adj No Adj No Adj No Adj Condition of Sale No Adj Upward Adj No Adj No Adj No Adj No Adj Market Conditions No Adj No Adj Somewhat Downward Downward Adj Downwud Adj Downward Adj Location No Adj No Adj Somewhat Upward Somewhat Downward Somewhat Upward Somewhat Downwind Access No.Adj No Adj No Adj No Adj No Adj No Adj Topography Somewhat Downward Somewhat Downwad Somewhat DOx'nward Somewhat Downward Somewhat Downwud Somabin Downward Timber No Adj Somewhat Downward No Adj Somewhat Downward No Adj Somewhat Upward Eztrmrdmmy Site Condimma No Adj Upwud Adj Upward All No Adj Upward Adj No Adj SemilweAreas Downwind Adj Downward Adj Somewhat Downwud Dowmvard Adj SomewhatDmsvward Downward Adj Total Watenform Quality Somewhat Upward No Adj No Adj Somewhat Upward No Adj Upward Adj View Upward Adj Somewhat Upward No Adj Upward Adj Somewhat Upward No Adj Eff.iwe Development Units Upward Adj Upward Adj Upwud Adj Upward Adj Upwud Adj Downward Adj Total Size Upward Ad U ward Ad' Downward Ad' Downwud Ad No Adj Ad Overall Value Indication 5220,00 Very Lowlodicator Low Indicator Balanced lndimbor Nighledieamr Very Law Imfleaor Very Highlnd9ntor ME Job No. 1325 STEPHEN SHAPIRO COMMERCIAL APPRAISAL, LLC Bentsen Property be superior to a smaller parcel. The subject consists of about 21.9 acres. Among the comparables numbers 1 and 2 are about half the size as the subject and are considered inferior to the subject. Comparables 3 and 4 are substantially larger than the subject and are therefore considered superior. Comparables 5 and 6 are about the same size as the subject and are considered similar to the subject. The final step in the analysis is to apply the qualitative adjustments. The resulting "Overall Value Indication" column shows how each comparable's adjusted value fares as a relative indication for the subject based upon the cumulative impact of the adjustments. The comparables show a range of value from $145,000- $355,000. Comparable 3 is noted as a balanced value indicator at $217,000. The other comparable bracket this as lower and higher value indicators. Based upon the forgoing analysis I have concluded with a market value estimate for the subject at $220,000, which is well supported by the comparable data. FEE SIMPLE VALUE Reasonable Exposure Time $220,000 The Uniform Standards of Professional Appraisal Practice requires an estimate of reasonable exposure time. USPAP defines this as "the estimated length of time the property interest being appraised would have been offered on the market prior to a hypothetical consummation of a sale at market value on the effective date of appraisal. This is a retrospective opinion based upon an analysis of past events assuming a competitive and open market. " Based upon the market conditions discussed in this report I have estimated the reasonable exposure time of the subject at 12 -24 months. Date of Value July 110, 2013 -55- Job No. 1325 STEPHEN SHAPIRO COMMERCIAL APPRAISAL, LLC Bemtsen Property F. WO MY. Job No. 1325 STEPHEN SHAPIRO COMMERCIAL APPRAISAL, LLC Bemisen Property Title Report Job No. 1325 STEPHEN SHAPIRO COMMERCIAL APPRAISAL, LLC Bemtsen Property Wetlands Delineation Report by Applied Environmental Services, Inc. Job No. 1325 STEPHEN SHAPIRO COMMERCIAL APPRAISAL, LLC Remtsen Propeny Commitment for Title Insurance ! First Amedcan Title Insurance Commitment FIRST AMERICAN TITLE INSURANCE COMPANY, a California corporation ("Companyo), for a valuable consideration, commits to Issue its policy or policies of title Insurance. as Identified In Schedule A, In favor of the Proposed Insured named in Schedule A, as owner or mortgagee of the estate or Interest in the land described or referred to in Schedule A, upon payment of the premiums and charges and compliance with the Requirements; all subject to the provisions of Schedules A and 8 and to the Conditions of this Commitment. This Corn milment shall be effective only when the identity of the Proposed Insured and the amount of the policy or polides committed for have been inserted In Schedule A by the Company. All liability and obligation under this Commitment shall cease and terminate 1110 days Stier the Effective Date or when the policy or policies cornmilted for shall Issue, whichever first occurs, provided that the failure to Issue the policy or policies Is not the fault of the Company. The Company will provide a sample of the policy form upon request. In Witness Whereof, First American Title Insurance Company has caused its corporate name and seal to be affixed by its duly authorized officers on the date shown in Schedule A. First American Title Insurance Company ♦, r � „ Dennis J. Gilmore LrFAfEr9t97d, < President tilt Ifa'�riri'ik "�* M� TYndhy Kemp Secretary (Thb bormmament Is vW o* when Scheddes A and B are attached) TM611clot was aeNed 4harenkdly and carat*c as etwei document COPP"200V309 AMMMUM Tide Asoodden. M nahb renmd.7M esa dent Mn Is msMded b ALTA Ikensen cold ALTA memeem in coed d indim n d ire MU d uee Al oeea usn sm pmhMk nsghted under -eons km iheAmulen lent Title Assoclo n. Form 5011000 (6.149) Pagel c12 1 ALTA CommNment (6 -17-06) 1. The tern mortgage, when used herein, shall lnddde deed of fruit, trust deed, or other security instrument. 2. If the proposed Insured has or acquired actual knowledge of any defect, ism encumbrance, adverse Claim or other matter affecting the estate or Interest or mortgage thereon covered by this Commitment other than time shown In Schedule 8 hereof, and shall fag to disclose such knowledge to the Company in writing, the Company shall be relieved from liability for any loss or damage resulting from any act of reliance hereon to the extent the Company is prejudiced by fallure to so disclose such knowledge. If the proposed Insured shag disclose such knowledge to the Company, or if the Company otherwise acquires actual knowledge of any such defect, hen, encumbrance, adverse claim or other matter, the Company at its option may amend Schedule 8 of this Commitment accordingly, but such amendment shall not relieve the Company from liability previously incurred pursuant to paragraph 3 of these Conditions. 3. Uabildy of the Company under this Commitment shall be only to the named proposed Insured and such parties Included under the definition of Insured in the forth of policy or policies committed for and only for actual loss incurred In reliance hereon to undertaking In good faith (a) to comply with the requirements hereof, or (b) to eliminate exceptions shown In Schedule B, or (c) to acquire or create the estate or Interest or mortgage thereon covered by this Commitment. In no avert shall such liability exceed the amount stated In Schedule A for the policy or policies committed for and such liability I$ subject to the insuring provisions and Conditions and the Exclusions from Coverage of the forth of policy or policies committed for in fawr of the proposed Insured which are hereby incorporated by reference and are made a part of this Commitment except as expressly modilied herein. 4. This Commitment is a contract to issue one or more title Insurance policies and is not an abstract of title or a report of the condition of title. Any action or actions or rights of action that the proposed Insured may have or may bring against the Company arising out of the status of the title to the estate or Interest or the status of the mortgage thereon covered by this Commitment must be based on and are subject to the provisions of this Commitment. 5. The policy to be Issued contains an arbitration clause. M arbitrable matters when the Amount of Insurance Is ;2,000,000 or less shaft be arbkrated at the option of elfher the Company or the Insured as the exclusive remedy of the paRFes. You may reWew a copy of the arbitration rt&s aN htto:AAvww. alla.orah. Form 501 WO (9.1 -09) Page 2 of 2 - ALTA CommameM (6- 17-09) 4 Mrst American r1da PI'IYBCIFIrd'a 1Tatlon We Am CaasilSedisSaieguardkg Cabmerhiformalloa In order b better save you seeds nee and in to fuNG we mays* you b pro" ue *%cedain inlamalion. We urdersland Ihel you maybe eaneemad shot what we wi dawhh such kdormwRao • parkulmy any personal at Modal information. We spree That you too a right to know how we will ulize the persona tntarmakm you pmAde to us. Thesefae, together wthaw sub idlevies we two adopted Ilk Privacy Pakyb gtmrem the use and harming of your personal nfarmakon. Mpkdit This Prvacy Poky grosses our use dire nfamalion OW you prarkle Is us. 11 does not govern the money in which we may use information we have obtained Rom any oft source, such as 04offne6on obtained Rom a pack record or ham another person ar enaly. Fast American ties also adopled broader guidelines that govem our use of personal Information agardess of its source. Fart American can ease guidelines its Fair Inlormalion Values. Types of it& eadon apon which of ou services you amurtirg i nlypasdrwrgi6Gc personal Information tlrtwe may called include : Intimation we remer Rom you on applications. lorms wd in other communicasions to as, whether in writing, in person, by belephone or any other rvsans; Ndausgm *0 your kamac ram with us, our aNialed canpanies, or odwn; and Inbmalbnwe receive son a comm reporting agency. Useefahloreaa, We reWmd lef south Rom you lot our own legtmatebalum purposes and nal tar the benefil of any nonathfiendpady. Therefore, we will not release your information to namNided parties except (a) as necessary far us to provide the product or service you have requested of es: or (2) as permill ed by law. We may. however, store such information k4eRwlelf. h dart g to period dies which arty cusinno relationship has ceased. Such adarmra6on may be used fa ary nlemaf purpose, such as quality control efforts or customer anays "s. We may also provide at of the types of rorpu6kc passel information listed above to one or more of our affiliated conspenes. Such affiliated companies include kauroal service pmariders, such as tide teasers, prpedy and casually bermes, and Rusf and krveshneM advisory companies, or companies involved in real estate services, such as appraisal companies, hew wamnty Complain and escrrwe companies. Furthermore, we, may also provide all In Information we collect, as described above, to companies What perform madursng serviaee an am belief, on befall car dillulard companies or to other Mtarcid ins haions with wham we or our allied ed companies have fora marketing agreements. Foaser Cuddrns Garr syou are no longer cur cralomer, our Privacy Poky wficonlinwe to apply to you. cumdwAww and $KmNy Wed use our hest efforts to owe that no use utt aired parties have access to any of you information. We reshicl aces to napubkc personal information about you la hose Individuals and entities who mad to Wow Nest iubmatmn be povide products or services to you. We wig use our best dforls to train and oversee our employees aM agents to anmle OW your information will be herded sesparwfiy and in accordance with this Privacy Poky and Fire Amerko s Fair Information Values. We currently maintain physical, dechroni; and procedrial safeguards that campy with federal regulations W fund rapbhc persona information Iniorwaw0n ObtanedThroyph Our Web Site FimAmerian Fswctsl CopaaNOn a sons" topdvacy asuesan Nov kdoo. Webelieted'w reported you know how we keel the information aboul you we receive an Nov hYdret. In general. you an vat Rat American or its aNiates' Web sties on Na World Wide Web without teFng m who you are or reveelmg any information about yormsetf. Our Web senors called le doreeih names, and the sod addresses. of vaWas. TtA idamaton is aggregated to mwasural a number dvisils, average tone opera on the site, pages viewed and ssniar lnbnahm. Feel American uses Ills ink rm sion Ica measure the use of our site andb develop ideas to improve the rxwdaAdour site. ... Thaeare nines, hamerre. who we may teed o t mAm Rem you, such as you name and emai address. When khfowalion is needed, we will use our beef ofth: to eel you knew d the lima of collection how we wig use the personal kdomrefion. Usually, Nov personal kaomasionwe covet is used ony by us to respond to your inquiry, process an older or allow you 10 access ap"ikc aecounbp ou ludo malon. N you choose to shoe ay personal Information with us, we will only use W in accordance with Ne policies outlined above, Business Relationships Fist Americo Financial Corporation's, site ad is affiliates' sites may amain links to other Web saes. While we by blink only to sites that shag our tigh standards and respell for pmacy,we we not responsbie for the content at the privacy practices employed by otter sites. Ceektss Some of Find Amakafs Web sites may make use d'cwW lechnokgy to measure sole adiwly and to customize Information to your personal tastes. A cookie Is an dement of data that a Web site an send to your bracer, which may than store the cooks an yew had di& F*ntAm gomm uses steed cackles. The goal of this lec notogy is to beta serve you when visiting our site, save you time when you are here and to provide you with a mere meaningful and prodecWve Wabsde seperience. Fatrbdammd"V*ea Falreas We consider omswMV espedatiom "l their privacy n al our businesses. We only offer products and services Net assure a favoabk balance between consumerbemRh and crosunerpdvary, Public Record We believe ref an open public record creates sigidrant value for sorkly, erdwruces consumer choke and creates consumer opportunity. We actively support an vpen public record and empfedze its irpatance and conkbuion to our ecoMlmy. Use We befievewe shouldbatwve respona6lyw0henwe tee Information. tbord a consumer n our basihess. WewA abey the laws governing the collection, use and dssem in" of dale. Accuracy We will We reasonable steps b help assure the accuracy of the dab we collect, use and dsseninale. Where possik. we will eke reasonable step to correct inauaan nkwnalim. When, as with Ne public read, we acrd cared naoauate information, we will take all reasonable slops to sesisl consumers in iderdiffRq the source of to erroneas data so [lot the omsmarcan secure the required corrections. Educdon We ardavor to ednate the users of our products and services, our employees and otters in our industry about the keporloce of consumer Privacy. We will nskuc our amployeas on use leek Mdmaron values and on be responsible collection and use of didet We will wcourege others in our industry to called and use tnfamakon in a eeapombib 1se0* We will Maintain appsgsbte packet and systems to prded against uradhorM access to and corruption of the data we mate", Form 60-PRIVACY (g -1.10) Page 1 of I I Privacy Information (2001.2010 Final American Financial Corporation) CommitrnentNo. 55025 p� i of6 FIR AMEST RT .._ _ ,� ,. COMPANY offeferson Couny 2424 South Park Avenue Port Townsend, WA 98368 SCHEDULE A Commitment No.: 55025 Seller : Berotsen Buyer : Jefferson County Effective Date of Commitment: January 23, 2013 at 8:00 A.M. Prepared For: Jefferson County Environmental Health Tamil Pokorny 615 Sheridan Street Port Townsend, WA 98368 Inquiries Should be Directed to. First American Title Of Jefferson County Researched By: Rochelle Lewis Your title officer for this transaction is Rochelle Lewis. If you have any questions concerning this title commitment, please do not hesitate to call me at (360) 385 -1322 or e-mail rlewis@fatcojc.com By: Rochelle Lewis. Title Officer 1. Policy or Policies to be issued: (a) ® ALTA Owners Policy Standard Amount Premium Proposed Insured: Tax Jefferson County 2. The estate or interest in the land described or referred to in this Commitment and covered herein is Fee Simple. 3. Title to said estate or interest in said land is at the effective date hereof vested in: Lisa Ann Beratsen, as her separate estate Commitment No. 55025 Paget of 6 4. The land referred to in this Commitment is located in the County of Jefferson, State of WA, and described as follows: PARCEL A: The North 25 feet of the North 425 feet of the Southeast quarter of the Northeast quarter, West of the Duckabush County Road as conveyed to Jefferson County, by Deed recorded August 11, 1953 under Auditor's File No. 138855, records of Jefferson County, Washington in Section 17, Township 25 North, Range 2 West, W.M., Jefferson County, Washington. PARCEL B: That portion of the Southwest quarter of the Northeast quarter lying Northerly of the thread of the Duckabush River, EXCEPT that portion thereof lying within the West 820 feet of said Southwest quarter of the Northeast quarter; ALSO; That portion of the Southeast quarter of the Northeast quarter AND of the Northeast quarter of the Southeast quarter, described as follows: Beginning at the Northwest comer of said Southeast quarter of the Northeast quarter, Thence South 0 °01'31" East, along the West line thereof 625.02 feet to the True Point of Beginning; Thence continuing South 0 °01'31^ East, along said West line, and along the West line of said Northeast quarter of the Southeast quarter, 813.24 feet to a point designated as Point "A" for description purposes; Thence North 26a 11'26" East 400 feet; Thence Northeasterly in a straight line to a point on the Southwesterly boundary of Duckabush River Road, County Road No. 2274, which point is 70 feet Northwesterly measured along said Southwesterly boundary from a point thereon which is South 68 °26'58" East 745.67 feet and North 12 058'50" East 1,004.77 feet from Point "A" hereinbefore described; Thence Northwesterly, along said Southwesterly boundary of county road, to a point thereon from which the True Point of Beginning bears North 89134'34" West; Thence North 89 034134" West 827.12 feet, more or less, to the True Point of Beginning; All situate in Section 17, Township 25 North, Range 2 West, W.M. All situate in the county of Jefferson, State of Washington Commitment No. 55025 Page 3 of 6 SCHEDULE B Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the Company. A. Taxes or assessments which are not shown as existing liens by the records of any taxing authority that levies taxes or assessments on real property or by the public records B. Any facts, rights, interests, or claims which are not shown by the public records but which could be ascertained by an inspection of said land or by making inquiry or persons in possession thereof. C. Easements, claims of easement or encumbrances which are not shown by the public records. D. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other fads which a correct survey would disclose, and which are not shown by public record. E. (A) Unpatented mining claims; (B) reservations or exceptions in patents or in acts authorizing the issuance themoF (C) water rights, claims or title to water, Whether or not the matters excepted under (A), (B), or (C) are shown by the public records; (D) Indian tribal codes or regulations, Indian Treaty or Aboriginal Rights, including easements or equitable servitudes. F. Any lien, or right to a lien, for services, Labor or Material therefore or hereafter furnished, imposed by law and not shown by the public records. Any lien, or right to lien, for services, labor materials or medical assistance theretofore or hereafter famished, imposed by law and not shown by the public records. G. Any service installation, connection, maintenance, construction, tap or reimbursement charges/costs for sewer, water, garbage or electricity. H. Defects, liens encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed insured acquires of record for value the estate or interest or mortgages thereon covered by this Commitment. U% Cmmnihm;m No. 55025 Special Exceptions: page orb 1. Lien of the real estate excise sales tax and surcharge upon any sale of said premises, if unpaid. As of the date herein, the excise tax rate is 1.78%. Tax code RCW Chapter 82.45. 2. General taxes and assessments, if any, for the year 2013, in an amount not yet available. Tax Account No.: 502 171 012 Assessed value: $ 680 Affects: Parcel A Note: Taxes and charges for 2012 were paid in full in the amount of $ 10.64 General taxes and assessments, if any, for the year 2013, in an amount not yet available. Tax Account No.: 502 171004 Assessed value: $ 128,720 Affects: Parcel B Note: Taxes and charges for 2012 were paid in full in the amount of $ 1,088.62 3. Easement, including terms and provisions contained therein: Recorded: July 13, 1948 Recording No.: 114392 In favor of United States of America For: Transmission line and access road 4. Easement, including terms and provisions contained therein: Recorded: November 19, 1948 Recording No.: Volume 125 of Deeds, pages 392 and 393 In favor of: Soundview Pulp Company For: Roadway Affects: Parcel B 5. Right to make necessary slopes for cuts or fills upon said premises for Duckabush Road as granted by deed recorded under Recording No. 138855 (Affects Parcel A) 6. Easement, including terns and provisions contained therein: Recorded: October 20, 1959 Recording No.: 163165 In favor of: Public Utility District No. 1 of Mason County For: Electric line right of way The legal description in said easement is not sufficient to determine its exact location within said premises. Easement, including terms and provisions contained therein: Recorded: June 13,1968 Recording No.: 196369 In favor of. United States of America For: Perpetual easement and the right to enter and erect, maintain, repair, rebuild, operate and patrol one line of electric power transmission Affects: Parcel B LPB Commitment No. 55025 Page 5 of 6 S. Rights of the general public to the unrestricted use of all the waters of a navigable body of water not only for the primary purpose of navigation, but also for corollary purposes; including (but not limited to) fishing, boating, bathing, swimming, water skiing and other related recreational purposes, as those waters may affect the tidelands, shorelands or adjoining uplands and whether the level of the water has been raised naturally or artificially to a maintained or fluctuating level, all as further defined by the decisional law of the state. (Affects ail of the premises subject to such submergence) 9. Any question that may arise due to the shifting and/or changing in the course of the Duckabush River 10. Right of the State of Washington in and to that portion, if any, of the property herein described which lies below the line of ordinary high water of the Duckabush River 11. Any adverse claim based upon the assertion that: a. Said land or any part thereof is now or at any time has been below the ordinary high watermark of the Duckabush river, b. Some portion of said land has been created by artificial means or has accreted to such portion so created C. Some portion of said land has been brought within the boundaries thereof by avulsive movement of the Duckabush River, or has been formed by accretion to any such portion 12. Easement, including terms and provisions contained therein: Disclosed by: Instrument recorded under Recording No. 245027 For: Road Affects: Parcel B 13. A record of survey recorded January 15, 1988 under Recording No. 312488, said survey discloses the following matters: Possible fenceline encroachment on easterly boundary of said premises (Parcel B) 14. A record of survey recorded March 30,1990 under Recording No. 329553, said survey discloses the following matters: Location of existing 10 foot wide roadway (Parcel B) 15. A record of survey recorded October 29, 2002 under Recording No. 461681, said survey discloses the following matters: Encroachment of fence, location of creek, river access road and dimensions 16. Notice to Title and the Terns and Conditions thereof: Recorded: November 13, 2002 Recording No.: 462192 Regarding: License to cut and remove trees has now expired (Parcel A) 17. Notice to Title and the Terms and Conditions thereof: Recorded: November 19, 2004 Recording No.: 491868 Regarding: Said property (Parcel B) requires an alternative septic system to serve the waste water need of the homesite CGMMM nt No. 55025 Page 6 of6 18. The Company has been asked to issue an owner's policy without disclosure of the liability amount. This commitment shall be effective only when the amount of the policy committed for has been inserted in Schedule "A" hereof. The forthcoming policy must be issued in an amount at least equal to the full value of the estate insured in accordance with our rating schedule on file in the office of the Washington State Insurance Commissioner. The Company may have further requirements if the undisclosed amount to be insured exceeds the current assessed valuation. End of Special Exceptions Notes: A. The situs address of the property herein described is: 995 Duckabush Rd Brinnon, WA 98320 B. Abbreviated Legal Description: Ptns SE NE 17 -25 -2W C. The legal description in this commitment is based on information provided with the application and the public records as defined in the policy to issue. The parties to the forthcoming transaction must notify the title insurance company prior to closing if the description does not conform to their expectations. Schedule C The following are the requirements to be complied with: 1. Instruments necessary to create the estate or interest or mortgage to be insured must be properly executed, delivered and duly filed for record. 2. Investigation should be made to determine if there are any service, installation, maintenance or construction charges for sewer, water or electricity. 3. In the event this transaction fails to close, a cancellation fee will be charged for services rendered in accordance with our rate schedule_ _ -- - ." t.^ :' i o j(0 a r� P � . a, _ 'i h, f�, �•. 'n, '. t* - � .. '4,���5' ;1t7 is °� -- i of wt,.rasn cewrv, till wrim em T ns to : as n.w Rd= LdISA ANN BERNTSEN ,melon County Excise 13339 SHORELINE DR SE Aft * ate ea OLALLA, WA 98359 $ales AM Auty Treasurer . «.« «.«� . . «« «..N.... «««««.«.M«««««.«�... )(rU dMwdn)-,SAID DOCUMENT IS BEING RE— RECORDED TO CORRECT THE LEGAL DESCRIPTION l• STATUTORY WARRANTY DEED 3. 4. «NNM «f..1MM.M..IMNMM «M1NM«N NNIMMNNM.Mf.N......MMMM Refeseaee Nassber(d of Daeameab awWaed or released: (oapape o(dovomwWs)) NMMf W M.«MNH«.N W « MMMN. N�..«. N/ MMMMN«M.MN...... «NMM.N«MM.NM... Grammfa) ¢ost ammo faA tben first asole sud hAtiale ) 1• GOETZE, DAVID A. 2. 3. 4. S. Additional omm an peso otdocomat M M1N.N«..«.N..«N W M... M«.«..... M« M«.. .......«N «........M. «M.N..««««M W «.«I�..MM «.«.... Gnmiee(s) (Last new AM then AM mme and laidais) L BERNTSEN, LISA ANN 2. 3. 4. S. Additioml camel an page of doc a M N« Mf. M.. Mf. MNMNN. NN. N. MMNNMNNNNM.... NM. MNMMMMN ...MNNMNM«N...N...NH.N....N Legd dne:iplim (abbreviated. i.e. lot, block, plat or SWUM MAMA IM1410) PORTION OF 17- 25 -2WEST AddW*W logal Is-on pap of docmmeot. Anewor's property Tax PaseelfActoaot Number 502 171 004 6 502 171 012 Addidonmi legal is as pugs of dopament . flfN111Nf lNfl11111!flfN11f. 1111!.!... 1 ... a ... f... lf. flf. N1111N. fNlNfINNNl1f .11flNf!lMNl.11flMl.lflf 7be AuditedRevorder will rely an the iatarmadon prodded as tie fora. nil, staff will not read the doeameat to verity the accuracy ar aompleteum of the Ldeda=bsformr" provided bees. .. 1lf. lNl. 1. Nl. N........ lN. l. .... !. lNlNNlf.!! fl. lNNlI M. N!!! N! N! !.!!!.l.l...l.Nl.NI..!!1!!.N!!. N!. WANNMrmN asra COUNTY Aaar;a'a tr+n�aNOSOast fo.Nrw..q Farm 724-2 Jerteraan County, YN imm" TIM Cc 1 Z w1Ei RECORDED RETURN To: {p f b4 d.ia Ana Hemram i in 1a11a, W 59 sE !' R q Anr u o o'" Tax $ � �� S, By TretRStrer ►, 8►. 4 59553 J �% Y BTATWOAYWARRANIYDERD ; • aaemaore Tess Daree7 I:W107 171 eaa i aoe 171 01I � .•' i � 6 Lr'� 2M ORA3ITOR, DwM A. c.rbre, aside cep me ohm �: O f t j .tit R far and in comidandon of TEN DOLLARS AND OTMM VALUAELE COMIDERATR)N �0 ' in bod paid, convoyaod uweot to LAN Asa Swuhaa, a mgk womu the follo°tm defalbed read eatw% aitumed in the CoestyofJelkvm. Sane of WaddniiM. SBF MDU 1T W. ATTACHED METE AND MADE APART BMW SEE PANE 2 SUBJBCTTO: AFFECTS PARCEL A- RWAlamalmuecaraayslapaafcromeor8lleupmtlw lend berme described Be graded No Comedy o0offeraw by deed recorded under Audism Plh Na 13USS and Bounty oe underAuditon File No. 163165. Affects Pavel B• ApapoW ememmt for a rWwaym it may require far dmputpm ofeeem to des tadsSoathofOmDudoAcaRiver, ansuft fromriteDwImbmb Rim Nortbmmafym m the SwOr H&Oftbe Nm*eW Quarter of Sa:doe 17, TmM* 25 Nark Raage 2 Wem, WM, addeaNemeat to be is me awe doeatioa mtheprmmtairdug rood, mranve3edrolioundvtewPulp COMM, a Wadd*mt Cotimatim by dead dried Novader 19,1946 reomded in Yol®e 123 of Deeds, oo page 392 and 393; Emmumat order Auditors File Na 114392; Emmad under AuMms File No.196369; Any d mp in the botmdayortepl description of therod property, at dtletotlmautoioacred dMmmyariwductod3o hifiiogmdebmgiogietbe wormofDudmbomh Rive; Right of at Stns of Wdwy{mo in and to tine pertion, if Noy. of the prepary burin de m%a ai doh lies beiaw me dine orcedioay blo wgtw of dm Dodmboab Rives; Rigber and lam" of me public for 6omoaa, navipWn, recroldos and Shad*; Emmet under Auditors Pile No. 24SM7; Mina re am fmdl by survey ender A*tm Pik Na 312469 end the, Mum sun fhath by survey Ender Auditors PEeNa 329553. DATM.NOVEMBER 1. 20M �g x41 �avidA.l3oaas t r s tower a .s[�( {,St3� M Wa GOT PW"Milr 4MMea MMM Y OWN e. enw b M IM bbaMa�w ltl{.{ma daaeet:.a L ee MMlbe M "U" are xwdwdw 9Mt W Reft,05204po neat b NPM tm aaM M Yes MM W "late" ma Yes bee. eM W MM W awabaa ". �* aea1MM. wr1 mar 4 td Me OMN&A wal tau JLL es or womw rr{la b aaa /Mr err ft q ere It, o �, { I Mi,,a 59653 BYBIHIT 'A• � r�'�j • , t) � f j , Parc Al 44 North 25' of the North 42S' of the Southeast 1/4 of the -• �f'+ •� •;\� Noce eat 1/4, ghat of the Duekabush County Road me c w d Zin . .^ •� l to Ja arson County, by Deed recorded August 11, 1 3 Auditor File No. 136655, records of Jeffers County, Nashingt in Section 17, Township 25 North, 2 west, N.N., Jeff* on County, Washington. Situate in the ty of Jefferson, State Washington. Parcel 8: That portion of the 8 hwast 1/4 of Northeast 1/4 lying Northerly of the three f the nuo h Riven EXCEPT that portion there o yi within the Nest 620 feet of said Southwest 1/4 of eha boast 1/4; A6HO; That portion of the Rout t 1/4 o he Northaast 1/4 AND of the Northeast 1/4 f the Sowtbea t L /4, described sa•. follows: Beginning at the N at corner of said theast 1/4 of the Northeast 1 /4r thence South 0°0 31• East, along the Nast 1 a thereof 625.02 feet to True Point of beginningi thence eontinu South 0° 01. 31' East, along as west line, and al the wsst lino of said RarCheaat 1J4 the Southeast 1/ 613.24 feet to A point designated as P t •A• for d ription purposasr thence No h 26° 11' 26• Bast 400 feet; thence rthessterly in a straight line to a point on the gout tarly boundary of Ducksbush River Road, County Road No. 2 4, which point is 70 feet Northwesterly measured ale amid southwesterly boundary from a point thereon which is utb 460 26' Se^ Bast 745.67 feet and North 12° 58' SON Ea 1,004.77 festab3T NO OF IBM DESCRIPTION. int W aa s I I D JNNr"q 0"nlr. M a4�MIwOM T. Legal Descriptions Parcel A: The North 25' of the North 425' of the Southeast 1/4 of the Northeast 1/4, West of the Duckabush County Road as conveyed to Jefferson County, by Deed recorded August 11, 1953 under Auditor's File No. 138855, records of Jefferson County, Washington in Section 17, 'hip 25 North, Range 2 West, N.M., Jefferson County, Washington, Situate in the County of Jefferson, State of Washington. Parcel B: That portion of the Southwest 1/4 of the Northeast 1/4 lying Northerly of the thread of the Duckabush River; EXCEPT that portion thereof lying within the West 820 feet of said Southwest 1/4 of the Northeast 1/4; ALSD; That portion of the Southeast 1/4 of the Northeast 1/4; AND of the Northeast 1/4 of the Southeast 1/4, described as follower Beginning at the Northwest corner of said Southeast 1/4 of the Northeast 1/4; thence South 00 01' 31" Bast, along the West line thereof 625.02 feet to the True Point of Beginning; thence continuing South 0" 01' 31" East, along said West line, and, along the West line of said Northeast 1/4 of the Southeast 1/4; 813.24 feet to a point designated as point "A" for description purposes; thence North 26" 11' 26" East 400 feet; thence Northeasterly in a straight line to a point on the Southwesterly boundary of Duckabush River Road, County Road No. 2274, which point is 70 feet Northwesterly measured along said Southwesterly boundary from a point thereon which is South 68" 26' 58" Bast 745.67 feet and North 12" 58' So" Fast 1,004.77 feet from Point "A" hereinbefore described; thence Northwesterly, along said Southwesterly boundary of county road, to a point thereon from which the True Point of Beginning bear& North 890 34. 34" West; thence North 89" 34. 34" Nest 827.12 feet, more or less, to the True Point of Beginning; All situate in Section 17, Township 25 North, Range .2 West, w.14, Situate in the County of Jefferson, State of Washington. TOMMIER WITH an easment as described in Declaration of Road Easement recorded September 30, 1977 under Auditor's File No. 245027, records of Jefferson County, Washington. 124 -358 to 362 DEEDS 114392 Filed duly 13, 1948. The Grantor, Martin Lorenzen, an unmarried matt at the time of acquirine r. title, to United States of Ameries. 1946. TRANSMISSION LINE BASIMM and A4OM RM EASEMENT. Dated dune 30, Gone. $1500.00. (I. R. S. $1.69) Those portions of the Si of goverwAsat Lot 5 (Si SK S*) (BY-95); SE4 ak (8F -96; and Mft S* and 8E1 N34 (SP -97), all in J section 17 Township 25 North, Range 2 Weft of the Willamette Meridian, Jefferson bounty, Washington, wbiah lie within a strip of lend 200 .feet in. width, the boundaries of said strip lyin& 50 feet distant easterly from, and 1 }0 feet distant weetoKy fro id, and parallel to the survey line of the Shalton- Fairmount transmission line as now located and staked on the ground over, aerose, upon, and/or adjacent to the above described property, said survey line being particularly described as follows; Beginning at survey station 1241 +23.1 a point on the south line' of Sec on 17, Township 25 North, Range 2 West, W. M., said point being North 89. 39' E. a distance of 1308.5 feet from the quarter section corner on the south line of said Section 17; thence N. 14. 27' E. a distance of 3713.4 feet to eurvaq station 1278 +36.5; thanes N. 190 03' X. a distance of 1148.7 feet to survey station 1269 + 85.2 a point on the east line of said Section 17, said point being S. Of 38f W. a distance of 804,0 Beat from the northeast corner of said Section 17. together with the right to clear said parcels of land, eta. Also, in addition to the above - described easement and right- of -way, the Grantor herein grants, bargains, sells and conveys unto the UNI ED STAMM OF AVERML a permanent easement and right- of-way - over, )u� S8 SP =AR 28a 11; NZJ 63k (SF-Aa -229 #2� NEB sE (SF -AR -29 1)i and s8 SE (SP-AR-29 ), all in Section 17 Township 25 North, Range 2 West, W. M., except the above - described transmission line easement and right -of -way, as are now surveyed and staked on the ground and as are shown colored in red on drawinge, - serial numbers 32736 and 32774, respectively, attached hereto, and by reference, made a part of the description of this access road easement and right -of -way, for the purpose of constructing access roads appr6ximately'14 feet in width, with such additional widths as are necessary to provide for outs, fills and turnouts, and for curves at angle points, to be used in connection with the afore- mentioned transmission line easement and right -of -way, together with such other rights and. the right to construct such other appur- tenant structures as are necessary to accomplish the purposes. for whiob this•eoosse road easement and right -of -way is granted. Y t y f #114392 - page 2. The Grantor, his heirs and assigns, will be permitted the right of ingress and egress over and aorose said roads, and the right to pass and repass along and on said roads insofar as the same extend soross the lands of the Grantor, said right to be exeroised in a manner that will not interfere with the use of the roads by the United States of Amerloa, its agents and assigns. e • 't f t r i r r 125 - ry u -/1 DEEDS //+ /!ran Filed November 19, 1948. t The Grantor, Martin Lorenzen, an unmarried man; now and since prior r to April 2, 1943, of Brinnon, Washington, as his sole and separate to estate, Soundview Pulp Company, a Washington corporation, WARRANTY DEED. Dated November 19, 1%@. Cons. -- , (I. R. S. $9.90 and State Doe. Stamps 89.00, caneelled.) r The Grantor, Martin Lorenzen, an u narriad men, now and since prior to April 2, 19439 of Bri.nnon Washington, V%==s j conveys and warrants to Soundview Pulp Company, a Washington corporation, as hie sole and separate state, the following desoribed reel *state, situate in Jefferson County, State of Wash- ington: thGown t Late 7 dt0 and$SA of of Section 7, WE of of ✓ SE or 8S} ation 1te 2 and 41 S&} or fft, S} of fft of SE} and Also that portion ring south of the Duokabush River of NEt of ✓ NW}, S} of NW}, of of NE and W or Ni of Section 179 all in Township 25 North, Range 2 Best, Willamette Meridian. excepting all rights of way heretofore granted for publio highways, s and subjeot to all terms and oonditioms of perpetnal easement heretofore gr and for eleetrio po[w torammiesion line across SEA of NE *, IZiOf SHY and Si or 8M} of 01 of said Section 17. The Grantor reserves unto himself, and to his heirs and 9481938, for a period of two (2) yeps only from dame hereof, 1. all timber which is new out and fallen on the NE} of SEj of said Section 17, with the right to enter any of the land above desorib- ; ed for the purpose of removing said out and fallen timber, and further reserves an easement for logging road across the S} of S} of SEj of said Section 17 for the purpose of removing the out and fallen timber above described, during the two year period. The.Grantor further conveys and warrants to Soundview Pulp Company, tits Grantee named herein, a perpetual easement for a road- way at it may require for the purpose of aooess to the lands herein cone ed, extending from the Duckabush River northeasterly across the St of NEJ of Seotion 17, Township 25 North, Range 2 West, W. li., said easement to be in the same location as the present existing road. Dated this 19th day of November, 1948. Martin Lorenzen Acknowledged on November 19th, 19489 in the State of Washington County of Jefferson, before William J. 8nfield, Notary Public in and for the State or Washington, residing at Port Townsend, by Martin Lorenzen. (Seal) s k 136 -237 and 238 DEEDS 138855 Filed August 11, 1953. `' The grantor herein, Martin Lorenzen, to County of Sefferson, State of Washington. gUIT CLAM: DEED. Dated My 29,, 1953. Cons. +^110.00. ; (Excise Tax ;0.10 paid.) The grantor herein, "' * * for the consideration of ,'~'10.00, and also of benefits to accrue to him by reason of laying out and establish ing a public road through his property, and which is hereafter describe conveys, releases and quitclaims to the County of Jefferson, State of 4 Washington, for use of the Public forever, as a public road and highway all interest in the following described real estate, viz: ; All that portion of the following described tract of land lying within the limits of a strip of land 60 feet wide, being 30 feet in Jwidth on each side of the center line of the Duckabush River County Road as surveyed and located over and across Southeast Quarter of the Northeast Quarter of Section 17, Tovmship 25 Forth, Range 2 West, Willamette Ileridian and more specifically described as follows: Beginning at a point on the east line of Section 17, 250 feet port: of the quarter corner common to Sections 16 and 17, thence north 470 37 W 170 feet, more or less, less the existing right of vMY. Said strip containing -- acres more or less. Situated in the County of Jefferson, State of Washington. r The Greater ._ - -.. also grants'to Zefferaon County the right to construe and maintain necessary out and fill slopes, culverts, special ditches, and appurtenances conve ed. the same may extend beyond the limits of the land hereby conveyed. (Aak. 08. Doris Dalgardno, Dep. Co. Auditor.) 1 t { r k t f i 4 t a d,EGT3tl0IdlR FrtABT- DP -Yrltt C�AWT►4t 1.�2'i �' Pjpe KNOW Aft 14-M or RM - - S, out ero love 'WWWOIWUAL attar all or MW a (uiunarrtad) 0jsshen0 slot wgts3 fors Wad sFA itdtnatlat. the taaajpt whereof Is hereby acle awdedgad, do hetaby Want am as Public OWW District No. 1 of kiaaon County, a municipal corporation otaraioslter owed time -District-). whose Post ol4ae md- dreps la Potlatch, Washtnoraa. and to its soaoaesms or *1 }lpas. dts r1g17[ tc enter upon the lands of the undevalgmmd, situated in the Oamtty vi, - `QF'rd'� +y_. 8tete at Washinvian, and more partlailsdP datslbad ore (allows, - K g.! t1LIP OF ""a 04"w& 4"0 • g0491Iwt' 're vMa RIGN7 amt w ^Y IV 'rNd S1} apid.tf 1)G kj 6 Snc.nom n T 2C A.m r Q 2 Wr wt-1 and to Construct, raednstroet, raphaa, repair, operate and maintain on the above dosWib- adlands and/or In or upon all struts, roads w highways abutting sold lands, an old trtc transmission and/or distribution line or system[ to gut, tram and control the gbowth by chemical means, machinery or akervASS of trams and shrubbery boated wlehln sal ' of tha center Ramat of sold )too or system, or WM may lotarfors with m threaten to and nger the operation and malatuamoof said Um asystam (Including any ecntrolo[ [ha 9 h . or other vagetatwn In therigM�of -way which asy Incidentally aadnaoasanly eg totke joint ass of occupancy of the line or stated by any other person, sssoclaton a 11011, W elsctrihNUCn a talephoae paslsises. The undoraignsdagrve that eW po son, wire and other fsoUltNs, lndudln0 any mein ervtas entrahesaautPmsne, Installed on the sbovsdssWiMd lands M the DitTICt's aspsnsi shell It remain the property of the District, renavabie at the option of the DlstrlOt, upon tsrmnno- UOn of service W or on said lends. The undersigned covenant that they are the owners of the above- deacnbed lads. IN WITNE81 WHEAEOT, the undersigned beve as thadr hands and seats this !S day of A'n't aF+1 , 111a. fir`, 44 ' f+a'ctt.e.3 (L8 ) STATE OP WASMUGTON ) a: countyof Jotr' arms.,.) ) 1, the under " nod, a notary public In end for the State of Washington, hereby cacQfy that "on this ,L day of e s f -HW 4 person ally appearodbefore me Ir 6 P hL to ma known to be the Individual described in and who wacuted Me laagotng Instrument and acknowtaaied Net „(i signed and aside* the same as sirs tree and vol- antary got add dad. for Na saes and purpoaas therein manUOnsd. or m! ham and official aeu the day and year first above written. 4 �e% p's Notary Publ Ina d fa the $tale of �I(G(AP3 Whtrnyton, `roatds at 4a++nw A�{ Nit p'iA AL r9 c► LM seat rmra s Too" ea 30-M TRANSMISSION Lln EASEMENT iff-M V The "ANTOR, busla me ailed wMdr we a wen. CIAXI 9 m. X1104 a xUaver, Au ad 1• e•asldenrN• af,ia eas of ........ . .... . . _ .... ... ..........................p•Gats [i6,tllo.ob had w l.nd paid q ihr mat to of ATha OF Ant XU-A, na l of wMeh ,s bate asaaoa \ 4 h !'sits. kmp pmts, Myaw,h sells and eomero m ,he WITru RTAM W AMERICA W W awes, a pwpassd seaewat and A& a sarrLY W4 one,, wdmda, repel, robots, oprra md patrol me Ilmew of al•cku Fewer weaadpfea emoa earn esd sppar,.ww, Alpal !fora, ueldiq sh rfia, we area seek oaks. ,noaadsalsa inewco ab whoih nhlas ad aoaaramme" as an aaremm) d erata, fa, was, mono rid arms io alla"m o ss1 vareat or la•d d He Csamr of deff"wou in the S,me of hfashbown . •..ats ` A strip of lead nrlalrlt taaaads d taM hm ^ ' Hitt aaa'OY of taw BwIdAW mar and me aaagei the rso r 6d5 test imrser, and vtot pwmoa -,* iM as& tu fast of to smot 60 Last 3glfq aoa - at tbo Gover d mud at tar d Msitae 17, 6rth,� 11484 ws�ap • me tnitae4. On wiwatl ilia w■t"ar et "• mloot Msltse.90isemt 3b. 1 ismMdaam lies rw d p, Wa •r. warm Use or mid rw of qd.bei4 4wervad ft that dseiddfl dead Mind aaaeaeat Jibe 3G, i/tf6, roM*d In lm* Ylh, pap 316, ?us Mon MON, Dead recom of ofd Ohm*, and wxbww dt a 6T.5 fast rarkwit r or mos vw vs; Una a as 1 psrollsl sitb m atates of Aseria for its mommi s Poore ffdrfoant de. 3 traasd.wim alas, add saner Won bda q foummil , point point ft � wom SSaa of odd 6wttm 11, t el m 3W.5 fad tr'a as tooth qu~ owsw of said Statism 171 dm" VU'r?M W.9 Rath U ms A6'0303 1636.6 mil Skase IW OfiR 1961.h isnt Yumoa ddl'oIItt 1968.6 test to s pofat tddsk is 011WIS 1M.9 test from the Isla Eksast scree of acid 6eatim 171 toptiw' With all aeaasury Red eomraaL" stoats ortr, altos wed seams 6AGUM rmWA an predess wand by the Orsmtor ritkfs nd.aung lm w=v Aver Ailm"airtUm assaaott. Ow aAitad States or AaarSas apats that tats• vlll be m di4om m ar adOawt to We pmv%U road at or near SS 1276,05, and that tM read dead be UW% epee at ail 1 Units for we of the oswstor. 'ills United States of Amartea iorUm agrees teat Us r4U of s4 oMll be alsaaed t and all a ash sad debris shall to bated or auaored tram tad pr4pv*1 bummer, alemSat tM rl&t of sq does act require the (kited Atetm Of Aeeria ar Sts seetesetars m 48 cat and news tree slaps. pnpn IM Fatted States or America shill stele toe alet lies of the of my dth `( pparsommut ram) markers at reasoftwas fattrra3s arreas tks prep" at ]sash afr'r ` So Voibd 8tstw.of Aaeria Gall hen On riot, L aemtotla WM amlats mat or nisi part of the 40% or nd at to mot o0mr4P baling allXud tp• the srdmi emir, to pads, osltiTsta ad plot View and draw dw m, and Sares"r to adaiaa web plardlivi _. i ,s .4ni I. a tfflf'Jll Kerl3_it.. Declarstian OF Rand Easesont l' •....... fi ,pry !a dsalsestlap of nooaat made this �_� �7 • -P n. 3tl 7977 by Cool Arndt and Clore Areat, tsrnn,a end fe, hoes -. eft a rmfar to ec soma, altnaaeth, ,. Nmoprt l T abase'aentlnao thdlvtduals era tb eanorlr'of the reifeirLq'' dseerlbad prq,aKye Tres 16C} at NE} mouth of tie Owmgb4eh CDL*lk_%o p,q!i}�t et the Cadtdrly( bo ndary or the eaaeeilla ,ever Adalnletestiae aNaeeapptty{�{d •.. , with the REt of Nun sr }, north of the Dushebvellaiaw. loos • pset2a'dr'd . f {:e- togatlma With the go or'tb NE} leas the What sic ft.i,bgetbr with the A of the it} aryth of the Dueeebwn atvar *it in Aetla 91, Teaiaedp 2339, A" 2 tat? muss. it is neceesory to crab bad Pesaia an wamaant for Tndusy far purposes of ingress, egrsoc sob utilities, cams the Property described above# and to burden sold Prodarty and nab aid aliment msa abnnt tharato, ses therefore, the awlan do iwsby doctors a weement far resdwy Purpaue, fa in}ras, e9raee wN utilitiao, deoarlbed as ►milowe . amglm,ing at the Duaksbarh County Read, them@ ruledag der the oailttng read In a westerly direction through tb SE} o tb SO W the NEf of SegUan 7T, Township 26 a., Rage 2 ieee, to a Path, free a douse nos ermtl tb donors in the sec} or the art or the RE of sold swims IT, ebnem dbnttmdng U a aautherly direction to the as boundary of the fOL1aaL,e described prgrortyi said sesment to be 76 feet !n .idth cents od avw the baiating rasa not portian of the Southeast Quarter of the Northeast Quarter AIM of the Northeast Quarter of the Southmeat Quarter of ada:tiat 17, Township 25 North, Range 2 N.W.H., described as 2811m et beginning at a point on the Nast line of said Northeast Osarter•of the Southeast Quarter which is South D• all 310'Hast imasured along the Nest line of the said Southeast Quarter of the Northeat Quarter and the Neat line of said Northeast Quarter of the Southeast Quarter) ■ distance of 1438.26 fat from the Northwest corner of sold Southeast Quarter of the Northeast Quarter, which point is the tam point of beginning; thence continuing South D' 01' 31''Sast to the thread of the Onckabush River; thence Easterly, slung the thread of aid river to a point which is South 12• SS' So• Neat from a point an the Easterly bomdery of Soana•- ville Transmission Lips Eassnt from which point the treat point of be- ginning bears North 696 26' $80 Nest a distance of 745.67 feet! thende North 12. 58. 50' Sat, alaq. said Easterly boomdary,•th the Southwesterly margin of County road known as Suckabasb River Road; thence Northwesterly. along aid Soathwesterly margin, 70 feeti thence southwesterly, in a etraight line, to a point which ie North 26. 11' 26" East 400 fat from tea true point of.beglaningr thence South 26. 11' 26" Nest loo feet to this true point of beginnings Situate in the Cdoahty of Jeffersor, State of Washington_ S bJeet to Cemmsent she tb Taw mad Conditions thereof to dlesllesd by Snmtrumanb recorded war Ymiteerm file a1m. 114392 cad 1916769. wl 91 x.•616 i I� t . 3 /zf& Mab.IMC1P, COOROIW.TE sreTUn,..orerw ryn..,y A!L <G.ArNE TO b.�G GW V- /.LL C9rPw�GE9 IAf RfD�CEO TO yVO 6R,4 wpweAV' �� LFG�ND l / V / v Vol 9 pg` -7o r 2 t _nAV•or 9•{y— rna_ 9 twsrsra�w �.s! ,.. nRioy i 4. f rte' `"i•'x � � '� SURVEY O- A FOen N! OF THE SOUTHEAST QUARTER OF THE NORTHEAST QUARTER AND THE NORTHEAST QUARTER OF THE SOUTHEAST Q?UARTEg ALL /N SECTION 17, TOWNSHIP 25 NORTH I RANGE 2 WEST, W. M., JEFFEP.SON COUNTY, WASHINGTON. Fes' RomaeT r2U= AND JAMES OYSON DATE: ✓ANUARY & , 1988 SURVEYMS CEPT/F/CATE THIS A44P Coee 'TLY RE P— rnENTS A SURVEY MADE SY ME O2 LN/LFf2 MY DI2ECT/O/ /N CGIVFO,PNIANCE 174 ?H THE SURVEY F-EGO90VAoG ,Cr AT 774E REgLeS " cFgcBCRr mm i . 4wd acmN D47E,° ylAqUARY 6, AW ( RCN /A L. .2Y ,/`Cn /CSC vl m�AA RUCC! -OL90N SI.IRVEY M24FA PECCiWlfviG CEPTIF/CATE F /LEO A-Oe RECO.eD AT 774E REa kFST Cdr NQ ,2N TER.2/T WIFS, INC. THIS _IM4AylQ { 2I1LOi�lZA9 A.Q A7- _,M- A41MUTES R4ST10 OGC M. AND RECCt2DED /N VOLUME SUeVErS PAGE RECY.)eD8 JEFFERSON COUNTY, WASHINGTON, r- 14MVia. PUN AUO / %O� Va•TW 6•�JO Vl93 vx•m]1• mW lm N1Cbpl•E 14Jf ��� .. � 11IMWINI�NIIhBYf1- �, N— —� ivollla983 WC. 17, T. FS N., R. Y Hit, W. M. IB 'fC G.qW YNE t�G•t1'1bJ T1JC 6K16nN0 xO�ow4Y. M•Y.I1Y.�1�M a ..a f}pJ1J dJ Wa4Ml 9 Or 9/RtllY1, r1111f NM! 4 I.OFO OV M W,OwNB7lY.1 O�tgNa� 6YSfiM AeO, NXTN lLI�l. ALL 6iwbNB3 wQ IrMTN6 7p WD 66n.N1 Q3TMXa A!!E4{,<D 'IO WO 6210. Ti1i 9L`6Y UM ICFr1AfA 0 AMM FIGI.D WI 6 MRICOG 1!1!N w 1 66®I�O M6.i� 6 6FaND TMOOWJ9E MD wN +eIF °. °e. o.1�MaJ5 Y1F+U' U61w0 LT1/ICP V,RnI 6Cl61 Dle MFtlt,PGO WYTM A erlewa, CFMW 1N . �LlJ.YifEG rbNCJ rVp• $JSVGY [N' 9r.W10EC jpr tN600 GYNIO 1451: 'JlE III FCET SURIVE`/ OF EXISTING EASEMENT ROAD CENTEf21_iNE CNER A FkDFZf ION CP -FHE SOUTHEAST QUARTE=R CF THE NORTHEAST QLJAQTF.R IN SEC71ON 17,7O NSHIP 25 NOQ -FH, RANGE 2 WEST", W. M., JEFFERSON COUNTY, WASHINGTCN. Fes• CAPTAIN HARRY E. SeL.FF21DGM. USN. OATEt JANUARY Ko, 1990 SELF)ODGE SURVEY - .2:Ci37� F /C.EO (:dE kEUneP AT W7-iE OF tiCYR� TF�22 /TUE' /ES, /AC. TH /S _J, Zgy O-.n<,<.L g9p . 4P AT-21--M /NV7155 P<IST P .M ANO�Gri2GZD /A/ Faces +l , AaSX)2DS 0- JFFFEe5oN COUNTY, rrr�•r+� m i ��•+ O � i m � Z o / N a� � � l' b _ .8��'•' i /noipp `j`� S °�� it •I• / -9,4•• / /.Oa/ ;£r4v k6 $•gym• o I `` � -•s a%�/ ��,' N T Y ep 1YY IA0.00 � " 3 � �'v �,� OD'33' 10'tl T. M•r. � u � f3•f's �•s 3e�n.•+cs M «, Penv.. )S P, rof ^�P n E� • • -- - - ._._._ _ ___. _ ASSSU11E0 P _ _ _I _ � � n � q qlw , , r r 6 60'11'11•V � �a� \ I I •� O p 9 9 .- a t t i O ro g g I 3 iya • co z e SIR € r 3 • • C r e n q R+ � � • z I I i i 9 9 n � � 5 I � •v l yt n 5�-_ I �IZ.s. -� z zoe.m � •0.r0:✓ � � • Yc14 i ilk i " ". c � 1 I1.t•�. I I � S a a 6 9 u r A / A I I I 9 a a� ° °n N u .r. 0 / mroTlay 1 09 ' '� i -_ co N a� � � l' b _ .8��'•' i /noipp `j`� S °�� it •I• / -9,4•• / /.Oa/ ;£r4v k6 $•gym• o I `` � -•s a%�/ ��,' N T Y ep 1YY IA0.00 � " 3 � �'v �,� OD'33' 10'tl T. M•r. � u � f3•f's �•s 3e�n.•+cs M «, Penv.. )S P, rof ^�P n n IM 641011110 i.rhrun Canty. to i{FAM01 TiTIX CO t Lie 24.46 I= UTM117140=1171arITZ"Iffn Richard 8. Shattuck Attorney at Law 4102 NW Anderson Hill Road Silverdale, Washington 98383 REFERENCE: (Wood Survey Recording) GRANTOR: GOETZE, DAVID GRANTEES: BLACK. NICHOLAS BLACK, ELEANOR Legal Description: SE Y4; NE Yk and NE Y4, NE Y4 of Section 17, TWN 25N, Range 2W, W.M., Jefferson County, WA Tax Parcel ID.: 602 - 171-012 and 602 - 171- 1 LICENSE TO CUT AND REMOVE TREES This license is made on this-3l -day of October, 2002, between DAVID GOETZE, referred to as Licensor, and NICHOLAS BLACK and ELEANOR BLACK, referred to as Licensee. WHEREAS Licensor is the owner of that certain real property legally described in Exhibit A hereto (hereafter referred to as 'Parcel A'); AND WHEREAS Licensee Is the owner of that certain real property legally described in Exhibit B hereto (hereafter referred to as °Parcel B'); LICENSE TO CUT AND REMOVE TREES - 1 j 4821f 6 ijef "W M G"W' W . " TlTa CC 1 L1C tl.N AND WHEREAS there has been a survey prepared by Arnold Wood, Wood Surveying, Inc., dated August 92, 2002, and recorded under Jefferson County Auditor's File Number 14068 AND WHEREAS Licensee has cut and logged trees within the area that Licensor asserts tests legally within Parcel A; AND WHEREAS Licensor and Licensee wish to resolve this matter amicably without resort to legal process; NOW, THEREFORE, in consideration of the mutual promises set forth herein, the parties agree as follows: SECTION ONE CONSIDERATION AND DESCRIPTION For the consideration and on the conditions expressed, Licensor grants Licensee a one -time license to cut and remove certain trees lying within twenty- five feet (2511 of the asserted boundary One between Parcel A and Parcel S. SECTION TWO DURATION OF LICENSE Licensee has completed all operations and cleaned up the portions of Parcel A upon which trees were cut and removed. SECTION THREE LICENSEE TO INCUR COSTS All work was performed at Licensee's cost and expense. LICENSE TO CUT AND REMOVE TREES - 2 IlaZ12 J411m an C�1�, 10 Jf1*1MaN TIM CC 1 L10 9{.O SECTION FOUR TERMINATION OF LICENSE Time is of the essence with respect to this license and this one -time License is now expired. Licensee agrees that it will not cut any future trees on Parcel A without the express written consent of Licensor, its heirs, successors or assigns. SECTION FIVE GOVERNING LAW The enforcement and interpretation of this agreement shell be governed by the laws of the State of Washington. Venue for any action shall be in Jefferson County. IN WITNESS WHEREOF, the parties have executed this agreement at Jefferson County, Washington on the day and year first above written. LICENSOR: LICENSEE: DAVID GOETZE NICHOLAS BLACK ELEANOR BLACK LICENSE TO CUT AND REMOVE TREES - 3 I VNI��I Na N Ponnrof0L pF 46MM n GWY, 0 JOFeaOI TITLI Ca I LIa H,N STATE OF WASHINGTON as. County of Jefferson ) On this day personally appeared before me DAVID GOETZE, known to be the individual described in and who executed the within and foregoing instrument and acknowledged that he signed the same as No free and voluntary act and deed, for the uses and purposes therein mentioned. Given under my hand and official seal this 3L VY of October, 2002. 1 OFPiCIAL aEAL . r ' LINDA TUDOR NOTA PUBLIC in end for the NarARr PUBLIC -ANO INOTON of Washington, residing wcammu mEVIRMJUNE1D,aas at Commission expires: ( ' STATE OF WASHINGTON ss. County of Jefferson ) On this day personally appeared before me Nicholas Black and Eleanor Black, husband and wife, known to be the Individuals described In and who executed the within and foregoing instrument and acknowledged that they signed the some as their free and voluntary act and dead, for the uses end purposes therein mentioned. Given under my hand and official seal thie,658y of October, 2002. 1 f1-Gf, I N � � LICENSE TO CUT AND REMOVE TREES - 4 NARY PUBLIC In and for the State of Washington, residing at Commission expires: & 1y�j 462192 MW ,Utf�tw, Qenty, M EXHIBIT A Parcel A: The North 25' of the North 42SI of the 90*theast 1/4 of the Northeast 1/4, west of the Duckabush County Road sm coowyed to Jefferson County, by Dead recorded August 11. 1983 under Auditor's Me No.' 13855, records of Jefferson county, " in Section 17, Township 25 North, Range 2 west, W.K., Jeff ezeao County, Washington. situate in the county of Jefferson, State of Washington. "Y►.r/a, or.Itr� w� +vr m ring a i Iii NOit7iD{+1$T 1J4 OF'INH ti61tTH8ASt iN, OF 8"BG7]0�117,7G�VNStm' 2S NORYR, SANM2 VW,V ML,78EFDREWWUN lr.WAMlINdM-. . ZKOW! 11N; DUCKABUIR ROAD. I. EXHIBIT 8 Hllrp, e,u,lY. M RO N ! iO1NoM NOT 1R.Rr Public Utilly DWW No.1 of Jeffereon County P.O. Box 919 Pori Haftd , WA 983394M NOTICE? In ceder to ensure Brat future am we of ft property desabed below we awes of the MvWq iMarostlon, tde notice M fled agelnet the this of do prepany. This property "Ass an anertmatve edmotooy apse system to serve the wests water need of the homesnM. Stine of WaehkgWn Depotmet of Health reeWadens reu r0a aMwra# s County, PuMc Utlity DMhlat No. t (PUD) provides the emesded monitetn0 ssMce a a contract aMce. Aoambact WOW~ LISA SERNTBEN propsrtyasnarsWdt APUDbsocompWh gds mwwwft eervies. In to evert txd Ste need far an abwrk*m ladvolopy septic system albs need for ft pandit, sdodues monbtrlp Is cemoeled by the Stets of Wsshi glan. tde notice shall be wA and void. In the event tot a genval aww sysem MI and ants tt1M pmpany and repMcee to alermtve tedmokpy seplto sysem a are mews oitraatkp wxlfa dMp WW of tie watewater Wnweed upon the popedy, this notk a stoti bs nut end void. PARCEL MM710K TAX 12 SUBJ TO SASE, SECTION 17, GM SECTION NE4 TOWNSHIP 2e NORTH, RANGE 02 WEI T, W.Y. JEFFERSON COUNTY. WAeWNOTON By action of to Bawd of Corrwr"Wers of Pubk Utlptr DMhld No, I of Mown ComAy By RaoMton Wopled May 0. M. a 6. Parlaer, MM"Or STATE OF WASH NGTON ) )a COUNTY OF JMT'MWN ) I sclamwledge that James G Parker appeared before me and signed " notice for ew provision of Municipal Oversight for an Onaie Septic System on this day. Dated I1 -1(J6- 200 Notary Pdbfic in and for the State of Was *%Wr4 residing in Pat Hadlock My Appointment expires 07-11-MW Notary Seel: LS. m 502171014 TAX 17�. 5.08 o. 502171006 ` SW NE (E 250' OF W 820' N OF RIVER) 3.67 a. 7 BAR Ilk 1 I I I I t 502171012,../ SE NE(N 25' LUNG W OF CO RD) 0.16 a. 502171004 TAX 12 21.71 a. This sketch not ba d on a suleY or the property. Is is furnished "r*'" xf cf�f9e +tY agp of First gmeft8n Title Compa tesy soiety for the P,3rPpse of assisting In the said Pmn�. it doss not / �po� to �w alt roads of ea�ents. ompany assumes no liability for / Inacmiracies therein. / \\:(V� SE HE a N OF RD / L W OF SPA LS TX 7 ti 502171008 / ,p 0.60 a. 502 71010 0 502172011 / / (2,67 SE (S 400' OF N 425' 3.28 a. / S OF CO. R0.) e° % Q O 4.33 a. J � 502171009 SE HE 8 (S 200' OF N 625' S OF CO. RD.) 3.42 c. SE SE (N E' / VAR, Nep 5021720: I TAX 24 502174006 3.63 a. TAX 10 7.74 a. r (SE114 17 — 25N — 2W) IRST AmER16i4 Tf II F COMPANY o0effenon (:aunty PO Box 598 •2424 South Park Avenue, Port Townsend, WA 98368 Phone: (360) 385 -1322 Fax: (360) 385 -1877 SUPPLEMENTAL #1 TO THE FIRST COMMITMENT Attention: This Supplemental contains changes which impact Title to Property set forth in the above referenced commitment. Prepared For: Jefferson County Environmental Health Tami Pokomy 615 Sheridan Street Port Townsend, WA 98368 Commitment No.: Seller: Buyer/Borrower: Schedule `B" 55025 Berntsen Jefferson County ® Paragraph 13 is hereby deleted. ® Except as the matters reported hereinabove, the title to the property covered by this order has NOT been reexamined. Dated as of June 27, 2013 at 8:00 A.M. First American Title Of Jefferson County By: Rochelle Lewis, Title Officer Appraiser's Experience Data Job No. 1325 STEPHEN SHAPIRO COMMERCIAL APPRAISAL, LLC Bemfsen Properly STEPHEN SHAPIRO COMMERCIAL APPRAISAL, LLC P.O. Box 11757 Bainbridge Island, WA 98110 Stephen Shapiro, MAI (206) 855 -1090 Email: stephen®ssappraiser.com Website: ssappraiser.com In January of 2011, Stephen Shapiro established the firm Stephen Shapiro Commercial Appraisal, LLC. Prior to that he worked with Anthony Gibbons in his firm RESOLVE from 1999 -2010. Mr. Shapiro has developed a broad range of experience over a wide variety of property types. Appraisals have been performed on office and industrial buildings; commercial and industrial land; residential subdivision property; natural resource and habitat land, including timberland and wetland property; and high -end estate homes. In addition, he has provided mediation and expert witness services for legal purposes. Mr. Shapiro is licensed as a certified general real estate appraiser by the State of Washington (license no. 1101561) and is listed on the Washington State Department of Transportation's Approved List of Appraisers and Reviewers. He was awarded the highly regarded MAI (Designated Member of the Appraisal Institute) in June 2006 (member no. 12394). He has successfully completed the following Appraisal Institute courses, as well as numerous additional professional seminars: • Appraisal Principles • Appraisal Procedures • Standards of Professional Appraisal Practice, Parts A and B • Highest and Best Use and Market Analysis • Basic Income Capitalization • General Applications • Advanced Sales Comparison and Cost Approaches • Report Writing and Valuation Analysis • Advanced Applications • Advanced Income Capitalization • Uniform Appraisal Standards for Federal Land Acquisitions • Condemnation Appraising: Advanced Topics and Applications • Attacking and Defending an Appraisal in Litigation • Forestland Road Cost Obligations • Common Errors and Misconceptions in Yellow Book Assignments • Valuation of Easements and Other Divided Partial Interests • Appraisal Review Under UASFLA Education: University of Washington, B.A. Communications, Honors; Major in Journalism with Minor in Economics, 1986 Mr. Shapiro has performed appraisal services for a wide variety of clients, and a partial client list follows: Law Firms • Tousley Brain Stephens PLLC • Ryan, Swanson and Cleveland, PLLC • Riddell Williams P.S. • Michael A. Goldfarb Law Office • Lawler Burroughs & Baker, P.C. • Preston Gates & Ellis LLP • Livengood, Fitzgerald & Alskog PLLC • McGavick Graves Attorneys at Law • Williams Kaster, Attorneys at Law • Law, Lyman, Daniel, Kamerrer & Bogdanovich, P.S. • Cullen Law Office LLP • Rodgers Deutsch & Turner • Aoki Sakamoto and Grant LLP • Montgomery Purdue Blankinship & Austin PLLC • Ogden Murphy Wallace PLLC • Kenyon P. Kellogg, Attorney at Law • Mundt MacGregor PLLC • Oldfield & Helsdon, PLLC Faubion, Johnson, Reeder & Fraley, P.S. Municipal and Public • City of Bainbridge Island • WA State Department of Natural Resources • Port of Seattle • U.S. Forest Service • Tulalip Tribes • Central Kitsap School District • Kitsap County Dept. of Public Works • Washington State Parks Commission • City of Port Townsend • City of Eatonville • City of Tumwater • City ofBurien • Kitsap County Dept. Parks and Recreation • City of Edmonds Parks and Recreation • WA State Department of Transportation • Port of Allyn • Port Gamble S'Kllallam Tribe • Kitsap County Dept. of Admin. Services • Port of Olympia • Bainbridge Public Library • WA State Office of the Attorney General • King Count Dept. Natural Resources & Parks • City of Poulsbo Insurance Companies • First American Title Insurance Co. • Transnation Title Insurance Co. • Lawyers Title Insurance Corp. • Commonwealth Land Title Insurance • Old Republic Title Co. Farm Bureau Life Insurance Co. • Pacific Northwest Title Insurance Co. Banks • Commerce Bank • American Marine Bank • Washington First International Bank • Frontier Bank • Credit Suisse First Boston • GMAC Commercial Mortgage • Column Financial Private Companies • NC Power Systems Co. • Pope Resources, Inc. • Hamish Group, Inc • Development Services of America • Pacific Investment Co. • Batavia Holdings LLC • Kinzer Real Estate Services • Knowles/Tumer Real Estate Group • Warren G. Harding Temple Board Assoc. • GEMI LLC • American Eagle Communities • Wal -Mart • Black Equities Group LTD • Seattle Yacht Club • The Ketcham Family • McCormick Land Company • Trammell Crow Co. • Pike Place Market PDA • MacMillan- Piper, Inc. • Pacific Medical Center and Clinics • Madison Ave Real Estate, LLC • Olympic Property Group • Prosperity Treatment Center • The Mountaineers • Starbucks • Seattle Automotive Distributors, Inc. • Puget Sound Real Estate Services • Puget Sound Energy • JWJ Group • Pioneer Human Services Institutions • Bainbridge Island Parks and Recreation • Group Health Cooperative of Puget Sound • City University • The Mark A. Robinson Trusts Conservation Orizanizations • Trust For Public Land • Bainbridge Island Land Trust • Cascade Land Conservancy • Great Peninsula Conservancy • Whidbey Camano Land Trust • Methow Conservancy • Northwest Watershed Institute • Open Space Resources • Kitsap Conservation District • Capitol Land Trust • Jefferson Land Trust • Nisqually Land Trust • North Olympic Land Trust