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r <br />t <br />PALMER <br />GR4TH & <br />PIETKA -~~~ <br />i,i >> r~r.~i i ~~ ~n~iti <br />February 16, 1998 <br />Mr. Ken Roudybush <br />Administrative Officer <br />Marion County <br />Board of Commissioners <br />100 High Street <br />Salem, Oregon 97301 <br />RE: COURTHOUSE SQUARE <br />Court and High Streets <br />Salem, Oregon <br />Dear Mr. Roudybush: <br />As you requested, we have conducted consultation analysis regarding Marion County office <br />portion of the proposed Courthouse Square project. The purpose of this consultation report is to: <br />(1) Present a comparison per square foot of the present value of leasing at market rat~s versus <br />building the referenced office space; <br />(2) Present a comparison per square foot of the present value of leasing at market rates versus <br />the present value of the scheriuled contract rent/ownership position; and <br />(3) Present graphic illustrations of these comparisons. <br />To prepare this analysis, we have used generally accepted consultation principles and theory. This <br />consultation is intended to conform with Standards 4 and 5 of the Uniform Standards of <br />Professional Appraisal Practices (USPAP) formulated by the Appraisal Foundation. <br />~~_~ri i~ ~nn i ~n s_~~. ~ i~~, in i; i i:i ;~ i i'c~r~i~i ~tit~ ~~~.rc.~~~.- ~,~i-~ ~;,n ~i _,~~-oo,~; <br />-- ' - - _ _ - -- _' -- - - - - <br />111I I IO1~1 1C~1~51V I.~\ ~~ll )~;-a'-~ <br />_ _. --- _ _ -- - - - <br />\\V'(~(~l \ I~IZ, til~ \i I~I I ~A~'I~ 5:1(~IZ:~VI \l~O <br />i~n~,~~.u h- r~i_nrf ~, M~i nucri,aE~ F. crurFiN, nir.i <br />DA~7U ~1'_ GROTt3, h1A1 PHILll' L- STF.FFtiN, ~tAl MARK M. LAWWILL, MN BRIAN L. KELLE]", DLll <br />DAC]D F. I'ICiI<A, ~1AI CHRISTOPHPK K_ MONGF}~ t~f~V TA40THY E- WRICHT, h1A] __ _ . _ TODD S. LIF,BO~~', A1N <br />