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GAR Appraisal LLC |i Since 1961 .Ms. Traci Hopkins January 12, 2026 . Page Two Site improvernents include an asphalt-paved parking lot located in between the two buildings, a back parking area behind the rear building and a portion of Mill Street which is a public roadway. As of the date of valuation, the front building was used by the Village of Gowanda with the first floor of the rear building also being use by the Village of Gowanda for vehicle storage. The property is located on the-east side of East Main Street (State Routes 62 & 39) just south of Buffalo Street and off of Mill Street in the Village of Gowanda, Erie County, NY. The neighborhood is broadly defined as a business district location including the surrounding towns of.Collins, Persia and Perrysburg within both southern Erie County and northern Cattaraugus County. Scope of Work: At the request of the client, the scope of. work includes salient facts research, inspection, descriptions of the neighborhood and property, highest and best use determination, Sales Comparison Approach and value conclusions. . The scope of work also entails a-valuation of the subject property, assuming a partial taking of the rear storage garage building and an approximate 5,000 sf land area. The 5,000 sf of land Would not include any portion of Mill Street and would not include any parking area between the two buildings. It would entail the parking aréa to the back of the rear building. See page 3 for map showing proposed taking atea to be sold off and page. The market value.of the proposed taking (compensable damages) is the difference between the “before” and “after” values with the “before value” representing the as is market value and the “after value” reflecting the remaining value of the front building and the parking area in-between thetwo buildings. It is assumed that the Village will be selling off the rear 4,177 sf building and approximately 5,000 sf, or .115 acres. It is concluded that the remaining front 9,736 sf building and 14,301 sf of land area (.328 acre) would be retained by the village and not adversely impacted by the severance of the rear building and 5,000 sf of land. To the best of this company’s knowledge and belief, it is hereby certified that tre staternents of facts contairied in this report (upon which the opinions are based). are true and correct, subject to the assumptions and limiting conditions outlined in the addendum of this report. Employment in, and compensation for, making this appraisal is in no way contingent upon the value reported, It is hereby certified that ttvose participating in this report have no interest, either present or contemplated, in the subject property. furthermore, there is no personal, or corporate interest, or bias, with respect to the subject matter of the appraise! rerort, or parties involved. 5500 MAIN STREET, SUITE 347 WILLIAMSVILLE, NY 14221 TEL,716-691-7100 PAN 716-691-7770 — wiew, getrappraisal.com