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December 17, 19930 4 m.,1 City of Okeechobee 55 S.E. Third Avenue Okeechobee, Florida 34974 2932.813/763 -3372 December 17, 1993 Mr. Jack Crahan Deighan Appraisal 2000 S.E. Port St. Lucie Boulevard Suite A Port St. Lucie, Florida 34952 Dear Mr. Crahan: Enclosed is the City inventory list, as requested. Please note the list has designations related to conditions of various items. Please do not construe that the City represents these to be accurate. Your investigations need to confirm concurrence. In addition to the above, this will also confirm our understanding of the items discussed at our November 30th meeting related to the use of the collected data. The original understanding by the City was that the engineering costs in the initial proposal had been increased by approximately $11,000. This was ostensibly to cover cost related to securing more field data and, thereby, lending more reliability to the final product. We acknowledge that the final appraisal result will include a variety of factors and use multiple approaches. However, we agreed that there would be significant advantage to increasing the technical /scientific basis for the computation. Based upon representation made by Mr. Harvey and yourself at our meeting, we now understand that no scientifically supportable methods, calculations or measurements will be used in the process of establishing remaining usable life. As indicated by Mr. Harvey, the budget does not currently support development of data in this fashion.