Property
Valuation
Advisors
63 Hill St.
Newburyport, MA 01950
Tel. (978) 462-4347
E-mail straub@shore.net
12/17/2017
Celia K. Leonard, Nashua Assistant Corporation Counsel
Nashua, NH City Hall
(Sent by PDF e-mail attachment to LeonardC@nashuanh. gov
Ms. Leonard:
Re: Appraisals of Flatley properties with 4/1/16 valuation dates as follows:
Map Account Address Owner Type SF
A-798 48,836 — 100-300 Innovative Way Flatley R&D Facility 675,000
A-713 38,590 = 10 Tara Blvd. Flatley Office multi-tenant 158,046
A-721 38,591 1 Tara Blvd. Flatley Office multi-tenant 60,780
A-738 = 42,349 98 Spitbrook Flatley Office multi-tenant 104,940
The facilities are primarily office buildings except for 100-300 Innovative Way, which is office & R&D.
Since my last inspection took place in 2015 (with valuation dates of 4/1/13 and 4/ 1/14) and the new
valuation dates are 4/1/16, therefore, it would require re-inspections of all the properties. The cost to
produce appraisals for each property in a narrative appraisal report format meeting USPAP 1 and 2
requirements and necessary copies for superior court (with the scheduled court dates not yet known to me
but assumed to be later in 2018) would be:
$14,000 (As a Package)
1 understand the current required completion date is 4/15/2018, but to guarantee timely completion 1
am requesting an additional month to complete this beyond this date. So I could complete it by
3/15/18 provided I am notified to proceed by early January and necessary actual income and expenses dala
the property is producing is received within a reasonable time.
Upon completion of the report, any subsequent consulting, (mediation, time preparing for court testimony,
or in court itself, etc.) would be at $150 per hour plus expenses.
As required by USPAP, I am required to disclose that [ have performed appraisals and appraisal services,
on this property (for FY 2013 and FY 2014) within three years prior to the submission of this proposal. Let
me know if you want to proceed.
Sincerely,
ene
Stephen Traub, ASA, NHCG-350
