Flanders Mansion Property – Market Value Impact of Reduced Parcel Size EIR Alternatives (2013) & Flanders Mansion Property – Economic Feasibility Analysis (2009)

ABSTRACT: The Flanders Mansion Property – Economic Feasibility Analysis “Update” - Market Value Impact of Reduced Parcel Size EIR Alternatives (2013) letter and Flanders Mansion Property – Economic Feasibility Analysis (2009) document are embedded. Significantly, the 2013 “Update” states: “The accompanying projections and analyses are based on estimates and assumptions developed in connection with the study. In turn, these assumptions, and their relation to the projections, were developed using currently available economic data and other relevant information. It is the nature of forecasting, however, that some assumptions may not materialize, and unanticipated events and circumstances may occur. Therefore, actual results achieved during the projection period will likely vary from the projections, and some of the variations may be material to the conclusions of the analysis.”

Market Value Impact of Reduced Parcel Size EIR Alternatives 01-03-13

Flanders Mansion Property - Re: Market Value Impact of Reduced Parcel Size EIR Alternatives, Flanders Mansion property, Carmel-by-the-Sea, CA

Lynn M. Sedway, CRE

SEDWAY CONSULTING

January 3, 2013

Flanders Mansion Property – Economic Feasibility Analysis February 2009

Flanders Mansion Property – Economic Feasibility Analysis 2009