Email 121
Michelle Kellogg
From:Tyler Dustman <Tyler.Dustman@cushwake.com>
Sent:Monday, September 21, 2015 2:45 PM
To:Heinrich Deters
Cc:Tom Daley
Subject:RE: Appraisal
1. For the land area I used the county GIS data. I can use the patent information, but short of a new survey, either
or both sources may not be entirely accurate. Please share what you find.
2. As far as the historically significant existing structure…I have downloaded the Historic Site Form from the
inventory for this property. I missed that initially, sorry. I suspect that the property could be integrated into a
new development on the site, as there are many examples of new multi‐unit projects that have successfully
done so (David Belz Park Ave project and 820 Park Avenue come to mind right away). There are likely costs
associated with panelization and I also suspect some demolition would still be required, thus the $5,000
estimate is reasonable (and still nominal in relation to market value). I am not an expert on historic guidelines
and rehabilitation, etc. If further depth of analysis is needed on this aspect I would need to do some additional
research.
Calling shortly
D. Tyler Dustman, MAI
Director
Valuation & Advisory
Direct: +1 435 575 5646
Mobile: +1 435 640 1270
Fax: +1 435 608 6375
tyler.dustman@cushwake.com
From: Heinrich Deters [mailto:hdeters@parkcity.org]
Sent: Monday, September 21, 2015 1:53 PM
To: Tyler Dustman
Cc: Tom Daley
Subject: RE: Appraisal
Tyler,
There are a few questions/clarifications about the appraisal I would like to discuss/review before accepting a final.
1. The size of the parcel identified in your appraisal is incorrect per my records. The patent on the conveyance
from the BLM notes .33 acres, not .26 (I see the discrepancy between the county GIS layer but the patent is
really the determining factor)…I want to make sure it is correct as will impact the appraisal.
a. This may be from a right of way which encumbers the property..I am looking it up but if you have info/is
this why you have a lower acreage?
2. The appraisal does not take into account the historical structure. Due to the historical significance, it will have to
remain on the parcel..it could likely be moved (per request/approval). At minimum can you provide a cost
2
associated with moving or some note to that point? Also, please remove the $5000 demolition line within the
appraisal.
Give me a call and we can discuss….maybe I am missing something.
Heinrich Deters
PCMC Trails and Open Space PM
PO Box 1480
Park City, UT. 84060
435.615.5205
From: Tyler Dustman [mailto:Tyler.Dustman@cushwake.com]
Sent: Friday, September 11, 2015 1:36 PM
To: Heinrich Deters
Subject: Appraisal
Heinrich‐
Here is the Bertagnole appraisal. Bonanza is coming next week. Enjoy a great fall weekend!
Thanks‐
D. Tyler Dustman, MAI
Director
Valuation & Advisory
Direct: +1 435 575 5646
Mobile: +1 435 640 1270
Fax: +1 435 608 6375
tyler.dustman@cushwake.com
1794 Olympic Parkway, Suite 130
Park City, UT 84098 | USA
www.cushmanwakefield.com
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