5 Wet Jackson Boulvaré, Sule 125, cago, noi 60604 . ron Square, Sue 11, Hinsdle inl 0821 wn '312-236-6600 « Fax 312-236-8400 + ww.aaichicago.com A APPRAISAL ASSOCIATES Oy I February 6, 2024 Mr. Brian Stachacz, RE Vacant Land - 75% Actes Director of Business Services 7900 South Willow Springs Road Lyons Township High School District 204 Willow Springs, Illinois 100 8. Brainard Avenue LaGrange, IL 60525-2100 Dear Mr. Stachacz: This letter is in response to your request for an appraisal of the above-captioned real estate, Appraisal Associates would be pleased to provide an appraisal report of this property for a fee of $4,000. The completed report will be delivered in PDF format no later three weeks after authorization to proceed. The land will be valued under as currently zoned, without consideration of the potential for re-zoning to allow any alternate use(s). The property will be appraised according to the definition of market value as defined by the Appraisal Institute. ‘The appraisal report will also conform to the requirements of the Code of Professional Ethics and Standards of Professional Practice of the Appraisal Institute. Please sign and return a copy of this letter indicating your approval of the terms stated above. ‘We appreciate this opportunity to provide you with our professional real estate services, Ifyou have any comments or questions, please contact us at your convenience Sincerely, LIE Approved by: pate: _2/72/.2 Y