Frank Dario Rodriguez R.
APPRAISAL Department

SERVICES:

ELECTRICITY:

• Provided by the public Services of La Calera
  

WATER:

• The property relies on various water deposits, for by which, this is self-sufficient for this service.
  

TELEPHONE LINE:

• There is no service at the lot at this moment; however, the service is available at the public utility company of La Calera.
  

SEWER SYSTEM:

• It is necessary to construct a treatment plant for water disposal since septic tanks are not permitted in the area, to avoid water contamination, which is one of the biggest riches in the area.
  

LAND USAGE:

At the present time the construction of 21 housing units with an average of 2 hectares per lot is permitted.

However, the CAR for the exploitation of water obtains once the approval, and construction is set out for this, the project will be taken into account for the Municipality and the use of the land will be considered as a special project.

FACTORS TAKEN INTO ACCOUNT FOR THE EVALUATION

• Location
  
• Future appraisal
  
• Access roads
  
• Property value in bordering areas
  
• Regulations
  
• Possible land use
  
• Permitted density
  
• Property dominion
  
• Natural richness
  
• Water-bearing richness

GROUNDS FOR THE APPRAISAL FOR THE SQUARE METERS OF THE PROPERTY

For the appraisal of this property, in particular, we based our ideas on two alternatives for the study:

1. Housing construction

There are several vital aspects for this objective such as the density permitted by the municipality, service availability, the actual and future location and access roads, future appraisal.

The La Calera Municipality is a strategic place for the City of Bogota. For its closeness, San Rafael's dam, the planned future roads, and for its vegetation and view. According to several studies done, that is where the majority of Bogota's development will take place.

As a matter effect, development has begun in the south of the Municipality in the proximity of the current roads leading to Bogota. However, the mayor development will take place towards the north and towards the East, pulling towards Sopo and the Chingaza dam, led by the roads that are planned.

Because of the low density permitted by the zone and the panoramic riches and vegetation, the planned development is in zone 6, with special services with wide recreation areas and sports.

2. Construction for industrial activities

According to what has been presented, in this report, depending on the type of activity that will take place, its possible to change the land use for industrial.

For its water-bearing riches in the zone and especially the property that we are evaluating, and the viability on behalf of CAR, for the exploitation of water The industry must be focused on products that are water based such as carbonated drinks, juices, beer, bottled water, etc.

The sector has several industrial advantages for its closeness with the capital comparing it to similar well-known industries that have their water fountains far from the consumers in Bogota. A factor that raises the transportation costs that is considerably.

The improvement that is planned for the roads in the zone, especially the one leading towards Chingaza, the one that passes in front of the property and the new roads that are planned to be built leaving Bogota.

According to the previously described determining factors and keeping in mind the rate of the property value and its location and value towards the future, the result of the appraisal up to date is:

Note: The appraisal was taken based on today's value. This value can go up according to the development in the area and the improvement of the access roads.

APPRAISED

FRANK DARIO RODRIGUEZ R., Architect
License No. 25700-22800

*This Appraisal was developed in October of 1998. It list the original price of the property, since then the price has increased to $3,125,000.00. This is just to give the buyer an idea of the commercial appraisal value of the property in 1998.