2021-01-18 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA   18 JANUARY 2021




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GENERAL COMMITTEE MEETING AGENDA                                                                 18 JANUARY 2021

                                                 VALUATION ADDENDUM

            Market Value
            “Market Value” is defined as “The estimated amount for which an asset should exchange on the date of
            valuation between a willing buyer and a willing seller in an arm’s length transaction after proper marketing
            wherein the parties had each acted knowledgeably, prudently and without compulsion’.

            Easements/Encumbrances
            The title deed has not been searched to verify if any encumbrance or easement exists. This valuation is
            assessed on the title being free from any encumbrance or easement other than a registered mortgage.

            Improvements
            Boundary fencing.
            Basis of Valuation
            We have assessed our valuation on the basis of Freehold Title with vacant possession. Our valuation is
            determined on the basis that the property, the title thereto and its use is not affected by any other matter
            than that mentioned in this report. Specifically, we have assumed that the property is not affected by
            financial liens of any nature.
            We have neither undertaken, requested, nor sighted the following:
            «  Detailed Title Search or a photocopy of the Certificate of Title;
            «  Written Town Planning Certificate;
            «  Identification Survey by a Licensed Surveyor;
            =" Queensland Transport Roads Search;
            =  Written Flood Search;
            =  Farm Forestry Permit;

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