QUALIFICATIONS OF APPRAISER

PAUL E. WEBER

INDIANA CERTIFIED GENERAL APPRAISER

April 13, 2009

EDUCATION:

 

·         B.S. Degree in Business Administration, with a major in Real Estate

·         Administration - Indiana University, Bloomington, Indiana 1979

 

CERTIFICATION:

 

·         Indiana Certified General Appraiser, #CG69200778 -- Indiana Real

·         Estate Appraisal Commission -- 12/14/91, Expires 06/30/2010

 

LICENSED:

 

·         Real Estate Broker, State of Indiana #IB51381269

 

APPROVED:

 

·         State Approved Appraiser for Indiana Department of Transportation and Local Public Agency Acquisitions (Approved for performing residential, farm, commercial, industrial & special purpose appraisals)

 

REAL ESTATE RELATED EXPERIENCE:

 

College Courses:

 

·         Real Estate Design and Construction, 1977

·         Materials Take-off Course, Indiana Lumber Retailer's Association, 1978

·         AIREA, - 1A and 1B - Indiana University, 1978

·         Investment Principles Course - Indiana University 1981

 

Professional Appraisal Courses:

 

·         Seminar: Uniform Residential Appraisal Report, Bloomington, IN 2005

·         Course 400: USPAP Update, Bloomington, IN 2005

·         RECP Seminar Indiana License Law Update, Bloomington, IN 2004

·         RECP Seminar Civil Rights Update, Bloomington, IN 2004

·         RECP Seminar Environmental Concerns, Bloomington, IN 2004

·         CE1038: Surveying and Legal Descriptions, Terre Haute, IN 2003

·         CE1040: Indiana Property Tax Update, Terre Haute, IN 2003

·         RECP Seminar USPAP Update, Bloomington, IN 2002

·         RECP Seminar Appraisal License Law Update, Bloomington, IN 2002

·         RECP Seminar Fair Housing Compliance, Bloomington, IN 2002

·         RECP Seminar Antitrust, Bloomington, IN 2002

·         Course CE1042: Residential Valuation, Indianapolis, IN 2001

·         Real Estate Sales Management Seminar, Bloomington, IN, 2001

·         HUD/FHA Rules, Indianapolis, IN, 1999

·         EDI Revolution and the Appraiser (Day 2), Indianapolis, Indiana, 1997

·         Seminar on Small Hotel/Motel Valuation, Bloomington, Indiana, 1997

·         American Institute of Real Estate Appraisers

·         Subdivision Analysis Seminar, San Francisco, 1981

·         Capitalization Theory & Techniques Part A -Exam 1B-A, 1988

·         Standards of Professional Practice, SPP, 1989

·         Capitalization Theory & Techniques Part B - Exam 1B-B, 1990

 

Appraisal Related Work:

 

·         Appraisal Associate - Gilbert S. Mordoh & Co., Inc.

Professional Real Estate Appraisers, Analysts, and Consultants,

Residential and Commercial Real Estate Appraisals.

·         Associate - Sunwest Valuation - Cost Mesa, CA

Specializing in feasibility studies, land use market studies, investment analysis, and general cash flow modeling of land development. Also involved with appraisal of commercial and industrial real estate.

·         Sales Associate - Bender Lumber Co., Construction experience, materials knowledge, cost analysis.

 

APPRAISAL EXPERIENCE AND TYPES OF PROPERTIES APPRAISED:

 

·         Appraisal of Commercial and Industrial lots in Southern CA

·         Appraisal of Mini-Warehouse Development, Chino, CA

·         Appraisal of Residential Sub-Division Land for development in Lake Elsinore, CA

·         Highest & Best Use Analysis Commercial Properties in Southern California - Chino, Lake Elsinore, San Diego, CA

·         Feasibility Studies of various projects in the Southwest, including Commercial and Industrial Developments.

·         Appraisal of Residential properties in Lawrence, Monroe, Greene, Orange, Brown, Owen & Putnam Counties.

·         Appraisal of Commercial properties in the Lawrence, Monroe, Greene, Owen County markets.

·         Appraisal of Vacant Land in Lawrence, Monroe and Greene County markets.

 

Savings Banks and Savings & Loans:

 

·         Bedford Federal Savings Bank, 1030 15th Street, P.O. Box 368, Bedford, IN

(Residential, Commercial)

·         Home Federal Savings Bank, Post Office Box 648, Seymour, IN (Residential)

·         Old National Bank, P.O. Box 2689, Bloomington, IN (Residential, Commercial)

·         Farmers & Mechanics Federal Savings, Post Office Box 269, Bloomfield, IN

(Residential)

·         United Federal Savings Bank, P.O. Box 1217, Vincennes, IN (Residential)

 

Banks:

 

·         Monroe Bank, 210 E. Kirkwood, P.O. Box 2329, Bloomington, IN (Residential,

Commercial)

·         Bloomfield State Bank, 1301 N. Walnut Street, P.O. Box 1294, Bloomington, IN

(Residential, Commercial)

·         JP Morgan Chase, Indianapolis, 111 Monument Circle, Suite 1711, Indianapolis, IN

(Residential)

·         JP Morgan Chase, Bloomington, NA, P.O. Box 608, Bloomington, IN (Residential,

Commercial)

·         Irwin Union Bank & Trust Company, P.O. Box 1285, Bloomington, IN (Residential,

Commercial)

·         Jackson County Bank, P.O. Box 307, Bedford, IN (Residential, Commercial)

·         American National Bank, Post Office Box 438, Vincennes, IN (Residential)

·         Peoples State Bank, Post Office Box 128, Ellettsville, IN (Residential, Commercial)

·         First of America Bank, 5300 Crawfordsville Road, Indianapolis, IN (Residential,

Commercial)

·         Owen Community Bank, P.O. Box 381, Spencer, IN (Residential, Commercial)

·         Stone City Bank, 1502 "I" Street, Bedford, IN (Residential, Commercial)

·         Key Bank, 418 S. College Mall Road, Bloomington, IN (Residential, Commercial)

·         National City Bank, 101 W. Washington Street, Indianapolis, IN (Residential)

 

Credit Unions:

 

·         Hoosier Hill Federal Credit Union 630 Lincoln Avenue, Bedford, IN (Residential)

·         Indiana University Credit Union, Post Office Box 368, Bloomington, IN (Residential)

·         Members Choice Federal Credit Union, 507 W. Davis Street, Bloomington, IN

(Residential)

 

Mortgage Companies:

 

·         JP Morgan Chase, 111 Monument Circle, Indianapolis, IN (Residential)

·         Inland Mortgage Co. Inc., 8851 Southpointe Drive, Ste. C-2, Indianapolis, IN

(Residential)

·         Huntington Mortgage Co., Inc., 7575 Huntington Park, Columbus, OH (Residential)

·         JP Morgan Chase, P.O. Box 608, Bloomington, IN (Residential)

·         Norwest Mortgage Corporation, 004 Fountain Square, Bloomington, IN (Residential)

·         Bloomington Mortgage Corporation, 814 Auto Mall Road, Bloomington, IN

(Residential)

·         Sears Mortgage Corporation, 501 Congressional Blvd., Ste. 100, Carmel, IN

(Residential)

·         Priority Mortgage Corporation, Post Office Box 40, Conover, NC (Residential)

·         Citicorp Mortgage, Inc., Post Office Box 790014, M.S. 314, St. Louis, MO

(Residential)

·         Service Mortgage, 9279 N. Meridian Street, #200, Indianapolis, IN (Residential)

·         PHH US Mortgage, 6000 Atrium Way, Mt. Laurel NJ (Residential)

 

 

Relocation Companies:

 

·         Argonaut Realty Acquisition, General Motors Corp., 485 W. Milwaukee Avenue,

Detroit, MI (Residential)

·         PHH Homequity, Inc., 2221 Camden Court, Oak Brook, IL (Residential)

·         Prudential Relocation, 1100 Woodfield Road, 2 Woodfield Lake, Suite 520,

Schaumburg, IL (Residential)

·         Boatmens Relocation, 510 Locust Street, St. Louis, MO (Residential)

·         Associates Relocation, 250 E. John Carpenter Freeway, Irving, TX 75062 (Residential)

 

 

 

Federal, State, City:

 

·         City of Bloomington, 220 E. 3rd Street, P.O. Box 100, Bloomington, IN (Residential,

Commercial)

·         U.S. Department of Housing & Urban Development/FHA, 151 N. Delaware St.,

Indianapolis, IN (Residential)

·         Federal National Mortgage Association, 150 South Wacker Dr., Chicago, IL

(Residential)

·         Small Business Association, 575 N. Pennsylvania Street, Indianapolis, IN (Residential)

·         U.S. Department of Justice, United States Marshals Service, 226 United States

Courthouse, 46 E. Ohio Street, Room 226, Indianapolis, IN (Residential)

·         Department of Veterans Affairs, 575 N. Pennsylvania St., Indianapolis, IN

(Commercial)

 

Right-of-Way Acquisition and Easements:

 

·         Monroe County Superior Court, Bloomington, Indiana (Residential, Commercial)

·         City of Bloomington Utilities, P.O. Box 1216, Bloomington, IN (Residential,

Commercial, Industrial)

·         City of Ellettsville, Ellettsville, Indiana (Residential, Commercial)

·         City of Bloomington, Redevelopment Department, P.O. Box 100, Bloomington, IN

(Residential)

·         Indiana Department of Transportation, Division of Land Acquisition, 100 N. Senate

Avenue, Indianapolis, IN (Residential, Commercial)

·         Monroe County Highway Department, Courthouse, Bloomington, IN (Residential,

Commercial)

 

Other:

 

·         Community Trust & Investment Co., 105 N. Pete Ellis #B, Bloomington, IN

(Residential, Commercial)

·         Mallor, Clendening, Grodner & Bohrer, Attorneys at Law, 511 S. Woodscrest,

Bloomington, IN (Residential, Commercial)

·         Andrews, Harrell, Mann, Chapman and Coyne, Attorneys at Law, 1720 N. Kinser Pike,

Bloomington, IN (Residential, Commercial)

·         David J. Colman, Attorney at Law, 114 S. Grant Street, Bloomington, IN (Residential,

Commercial)

·         JP Morgan Chase, P.O. Box 608, Bloomington, IN (Residential, Commercial)

 

 

 

REFERENCES:

 

Mr. Jack Kenworthy, President

Bedford Federal Savings Bank

1030 15th Street, P.O. Box 368

Bedford, Indiana 47421

(812) 275-5907

 

Email:  jkenworthy@bedfed.com

 

Mr. Gary Smart, Commercial Loan Officer

Crane Federal Credit Union

1201 James Avenue

Bedford, Indiana  47421

(812) 276-2900 x7416

 

Email:  gsmart@cranecu.org

 

Mr. W. Edward Cullison

Farmers & Mechanics Federal Savings

P.O. Box 269

Bloomfield, Indiana 47424

(812) 384-4473

Email:  ecullison@farmersandmechanicsfederal.com