RockSpringCluB-Hendricks Appraisal.pdf

ions is competent, licensed and qualified and that the proposed improvements will be completed in a reasonable Period of time, employing good quality workmanship and materials. The appraisers have not considered and assume no responsibility for subsequent changes, substitutions or revisions to the plans and specifications as well as any consequential impact that may have on the value estimate. We do not disclose any personal information gathered in the preparation of the appraisal report to any third parties. Information obtained from the client during the appraisal process shall be retained in our files for a minimum of five (5) years from completion of the assignment. Unless required by law, information provided to us and specified as confidential by the client shall not be shared or published except within the context of the appraisal report.

QUALIFICATIONS MARK E. HENDRICKS, CRE«, FRICS, CTA, SCGREA Education: Experience: Employment: Mount Saint Mary’s University—B.A.- 1981 Emmitsburg, Maryland Actively engaged in real estate valuation, counseling and advisory studies within the State of New Jersey since 1981. Appraisal, counseling and advisory assignments included the following: residential properties, subdivisions, multi- family condominium and townhouse development; commercial properties, retail centers, mixed-use properties, automobile dealerships, neighborhood shopping centers, regional shopping malls; office buildings, corporate facilities, corporate campus, leasing analysis and consulting; apartment properties of all types; industrial properties, warehouse, manufacturing, flex, distribution and terminals; vacant sites including residential, commercial, industrial, waterfront, quarry properties, green acres-open space, conservation and recreational !ands; other assignments of a specialized nature include: corporate office-headquarters, power generation facilities; hospitals, schools, golf courses, telecom facilities, easements, partial interests, breweries and insurance loss analysis. These assignments were conducted for both public and private entities and individuals. Mr. Hendricks has qualified as an expert witness before the Tax Court of New Jersey, the Superior Court of New Jersey, the United States Bankruptcy Courts, County Boards of Taxation, along with local planning and zoning boards. He is also an approved State of New Jersey, Department of Environmental Protection, Green Acres Division, real estate appraiser. © Professional Territory - Northern New Jersey - Bergen, Essex, Hudson, Middlesex, Morris, Passaic, Somerset, and Union Counties. © He has served as a Commissioner in Condemnation for the Superior Court of New Jersey. © Mr. Hendricks served as the municipal Tax Assessor for the Township of Nutley in 2004. e He is also an active owner/investor and manager in severa! properties. 1981-1997 ~ Vice President Robert W. Hendricks & Company, Inc. 1997-Present — Principal & CEO The Hendricks Appraisal Company, LLC Seven Hutton Avenue West Orange, New Jersey 07052 (973) 736-5656 — (973) 736-2364 (Facsimile) email - mhendrickscre@gmail.com

QUALIFICATIONS MARK E. HENDRICKS, CRE», FRICS, CTA, SCGREA. Affiliations: Member - The Counselors of Real Estate — CREw Member - Fellow of the Royal Institute of Chartered Surveyors (FRICS) Affiliate Member - Appraisal Institute Member IAAO ~ International Association of Assessing Officers Member IREM - Institute of Real Estate Management New Jersey State Certified General Real Estate Appraiser (SCGREA - 42RG0923) New Jersey State Certified Tax Assessor — CTA (#1591) General Information: Mr. Hendricks has conducted acquisition appraisals for various large scale eminent domain projects including: the New Jersey Performing Arts Center (NJPAC); Prudential Center Arena; Society Hill Development at University Heights; Essex County Correctional Facility; Honorable Joseph G. Minish Passaic River Waterfront Promenade; Science Park School Project. In addition to acquisition appraisals, he has served as the review appraiser in connection with other large scale developments including: the Riverfront Stadium facility; New Jersey Transit Light Rail Program; Newark Airport Monorail; various public school development and expansion projects. Other major redevelopment projects predominantly located within the City of Newark included the Home Depot; Victory Gardens development; South Ward Industrial Park; Hartz Mountain Industrial-Waverly Yards; Multiplex Cinema; Newark Entertainment Complex; Bergen Street Redevelopment project; and the Center City (Paterson) development. Mr. Hendricks has been retained as the real estate appraisal expert and tax consultant for numerous municipalities including: Township of Belleville, Borough of Chatham, Township of Cedar Grove, Borough of Caldwell, Township of Fairfield, Borough of Glen Ridge, Township of Little Falls, Township of Maplewood, Township of Montclair, City of Newark, Borough of New Providence, Borough of North Caldwell, Township of Nutley, City of Orange Township, City of Paterson, Borough of Roseland, City of Summit, Township of Union, Township of Verona, Township of West Caldwell, and the Township of West Orange. In addition to his appraisal, consulting and advisory experience, he has been retained by various communities to review and monitor the Class IV components (apartment-commercial-industrial) of municipal revaluation and reassessment programs. These include the Borough of Caldwell, Borough of Glen

s communities to review and monitor the Class IV components (apartment-commercial-industrial) of municipal revaluation and reassessment programs. These include the Borough of Caldwell, Borough of Glen Ridge, Township of Little Falls, Township of Montclair, Township of Nutley, the Borough of North Caldwell, Township of Fairfield, City of Paterson, Borough of Roseland, Township of Verona, Township of Cedar Grove, the Township of West Caldwell, and the Township of West Orange.

PARTIAL LISTING OF CLIENTS SERVED AND MAJOR ASSIGNMENTS Government U.S. Department of Commerce U.S. Department of Justice U.S. Department of Veterans Affairs U.S. Post Office U.S, Small Business Administration Internal Revenue Service U.S. Department of the Interior N. J. Office of the Attorney General N. J. Economic Development Authority N. J. Department of Environmental Protection N. J. Schools Development Authority N. J. Housing & Mortgage Finance Agency ek kk ke ek Essex County Board of Chosen Freeholders Essex County Parks Commission Essex County Office of the County Counsel Essex County Improvement Authority Township of Belleville Township of Bloomfield Township of Cedar Grove Borough of Chatham Borough of Caldwell Township of Fairfield Borough of Glen Ridge Township of Maplewood City of Newark Township of New Providence Township of Nutley Borough of North Caldwell City of Orange Township City of Paterson Borough of Roseland City of Summit Township of Verona Township of West Caldwell Township of West Orange Financial Boiling Springs Savings Bank Bank of America Citibank TD Bank Sun National Bank PNC Bank Regal Bank Glen Rock Savings Bank Valley National Bank +e RR OR Attorneys DeCatis, Fitzpatrick, Cole & Wisler Gibbons, LLC Lum, Drasco & Positan, LLC Lowenstein Sandler, LLP Piro, Zinna, Cifelli, Paris & Genitempo, LLC McManimon, Scotland & Bauman, LLC McElroy, Deutsch & Mulvaney, LLP Scarinci & Hollenbeck, LLC Riker, Danzig, Scherer, Hyland & Perretti, LLP O'Donnell McCord, P.C. Connell Foley, LP kk RR RR RK Maior Assignments N.J. Performing Arts Center Prudential Center (NJ Devils Arena) Essex County Administration Complex Newark Riverfront Stadium N.J. Transit Light Rail Project - Newark Anheuser-Busch Brewery New Jersey Institute of Technology Prudential Headquarters - Newark PSEG Corporate Headquarters Gateway Office Complex Mountainside Hospital Canoe Brook Country Club Montclair Golf Club Essex County Country Club Ridgewood Country Club Crestmont Country Club Mountain Ridge Country Club