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| il GAR Appraisal LLC Since 1961 : ; Real Estate Appraisers and Consultants Ronald J.-Rubine, MAI President January 12, 2026 Ms. Traci Hopkins Treasurer/Administrator Village Of Gowanda 27 East Main Street Gowanda, NY 14070 Re: Appraisal Report A Community Service Property Municipal & Storage Buildings, and Parking Lot 27 East Main Street’ Village of Gowanda, NY 14070 Postal Address: Gowanda, NY 14070 GAR File No.: 2026003 Dear Ms. Hopkins: In accordance with the terms of our engagement, we present a " Appraisa/ Report’ for the above-captioned property. This document fs intended ’to comply with the reporting requiernents set forth under the Uniform Standards of Professional Appraisal Practice (USPAP). The Scope of Work isdefined in this report and is consistent with our engagement of services. The depth of discussion contained in this report is specific to the needs of the client and for the intended use and user(s) stated below. The appraisers are not responsible for unauthorized use of this report. Extraordinary Assumption: 4) It is assumed that the rear building and.allocated 5,000 sf of land that is proposed to be sold off by the Village of Gowanda would have legal access from Mill Street. There are no other “extraordinary assumptions’, and no “hypothetical condftions” being made in this report. If this “extraordinary assumption” is found not to be true, the market value may be impacted. The client is Village Of Gowanda. The. “intended use”of the appraisal is partial disposition purposes. The “intended users”of the appraisal are the client, NYSEG and any other client-authorized user(s) associated with the “intended use” stated above. The property includes one municipal tax parcel improved with two buildings and parking areas. There is a 9,736. sf front, 1 & 2-story masonry Municipal building and a 4,177 sf rear 1 & 2-story wood frame storage building. The combined gross building area is 13,913 sf and the buildings were constructed! circa 1900 afd in 1936. The total land area is 19,301 sf, or 0.44 acre. . The front building facing Main Street is owner-occupied by Village of Gowancla Municipal Offices and Police. The building has been routinely maintained with some upgrades over the past 10-30 years. Most of the second floor is under-utilized and in below-average condition. The second building to the rear is a heated storage building with first-flor garages in average condition and second-floor waik-up miscellaneous storage in only fair condition. 5500 MAIN STREET, SUITE 347 WILLIAMSVILLE, NY 14221 TEL.716-691-7100 FAX. 716-691-7770 wirwe. gerappraisal, com