· I MACKENZIE S. BOTTUM & ASSOCIATES, INC. STATEMENT OF QUALIFICATIONS 􀁊􀁾􀀬􀀠􀀱􀀷􀁜􀁁􀀮􀁾􀀠􀁾􀁾􀀬􀀠--:r., 􀁲􀀼􀁌􀁾􀁾􀀠􀁾􀁾􀀠Go \1/􀁾􀀠􀀭􀁾􀀷􀀠􀁾􀀭􀀼􀀠
MacKenzie S. Bothlm{£$Associates, Inc. March 14, 2000 Purchasing Manager's Office 5350 Belt Line Road Addison, Texas 75240 RE: Statement of Qualifications and Proposal for Appraisal
of 15115 Surveyor Boulevard, Addison, Texas Dear Town of Addison: In response to your recent request, we are pleased to submit this package to introduce you to MacKenzie S. Bottum and
Associates, Inc. Attached for your review are the following items: • Company Profile • Professional Qualifications • Client References • Copies of State Certification You can also visit
our web site at www.flash.netrmcbottum/for additional data regarding our company. We understand that you seek an appraisal of the market value of the fee simple interest in the property
located at 15115 Surveyor Boulevard, Addison, Texas. According to information supplied, the property consists of a 29,900 square foot single story building situated on a 1.7 acre site.
We also understand that the Town ofAddison intends to acquire the property for construction of a road, and that our appraisal will be used for the acquisition. Based on the time and
personnel required to complete this assignment, our fee is $4,000.00. This i fee is based on the preparation of a complete appraisal that will be communicated via a selfI I contained
report under definitions contained in the Uniform Standards of Professional Appraisal Practice (or USPAP). Our appraisal will be prepared in conformance with USPAP and the laws of the
State of Texas, and will consider all three traditional approaches to value. Three copies ofI the report will be provided. We estimate that the appraisal will be completed and delivered
within 30 days of engagement and receipt of all required data. The appraisal will be prepared by MacKenzie S. Bottum, MAl, whose qualifications are attached for your review. Any post
J appraisal meetings and/or assignments will be billed at a rate of $125 per bour. MacKenzie S. Bottum & Associates, inc./16051 Addison Road, Suite 203/Addison, Texas 75001 Tele 972·4041433{FAX
972·4040089 www.flasb..net/-mcbotmm/
I Town ofAddison Statement of Qualifications March 14, 2000 We specialize in the appraisal of complex income-producing properties, and our office has been located in Addison for more
than five years. We have recently appraised several properties in Addison, including: the Prestonwood Shopping Center and Office Property at Belt Line Road and Prestonwood Boulevard;
the Garden Oaks Apartments on Brookhaven Club Drive; the 14800 Quorum Drive office property; the Addison Flight museum on Claire Chennault Drive; and the Concourse Plaza office building
at 16051 Addison Road. We have also completed numerous industrial property appraisals during the last three years. Our web site includes descriptions of properties we have appraised,
including photographs and client identification. Our mission is to provide the highest qUality valuations in a timely manner, and our existing clients have been pleased with our service.
We invite you to contact any of the references listed to ascertain our capabilities. Thank you in advance for considering our services, and we look forward to establishing a long-term
relationship with the Town of Addison. Respectfully Submitted, 􀁣􀀭􀁣􀀭􀁾􀁾􀀠MacKenzie S. Bottum, MAl File: 3015 
i i COMPANY PROFILE 
MacKenzie S. Bottum(f5 Associates, Inc. MACKENZIE S. BOTrUM & ASSOCIATES, INC. COMPANY PROFILE MacKenzie S. Bottum & Associates, Inc. was founded in November 1989 with tbe stated mission
ofproviding the highest quality real estate appraisals and consulting services in a timely manner. The firm's founder and principal, Mr. Bottum holds the MAl designation of The Appraisal
Institute and earned a B.S. degree in Real Estate from Indiana University. He is a state certified general real estate appraiser and a licensed real estate broker in the State of Texas.
Mr. Bottum is the Treasurer and serves on the Board of Directors for the North Texas Chapter of the Appraisal Institute. On a national level for the Appraisal Institute, he served as
member and chair of the Comprehensive Examination Subcommittee (member from 1991 to 1996; chair from1997 to 1999) and as a member of the Qualifying Education Committee of The Appraisal
Institute (1997 to 1999), and is currently a member of the Generai Admission Committee. He is on the Regional Ethics Committee and the Admissions Committee for Tbe Appraisal Institute.
Mr. Bottum has been published in The Appraisal Journal (October 1988, April 1989, January 1993, October 1993 and April 1994), the leading technical journal for the appraisal profession,
and is a member of the MT Breakfast Club. Prior to founding the firm, Mr. Bottum was Vice President of Landauer Associates, Inc. in Houston, Texas. In this capacity, he managed an staff
of eight employees, performed valuations ofcomplex income producing properties and was responsible for marketing, I budget preparation, and interfacing with other offices in the preparation
of large portfolio I assignments. Mr. Bottum's experience prior to Landauer included two years with Coldwell Banker 'I Appraisal Services (North Dallas), and three years with RSI-AppraisaJ
Group of Dallas. Jim Chaffin joined the firm in August 1990 after a twenty year career in banking. Mr. Chaffin received the MAl designation in February 1994, has appraised office, retail,
multi-family, industrial and special purpose properties, holds a Texas Real Estate Salesmans License and is a Texas State Certified Appraiser. Mr. Chaffin holds an undergraduate degree
from Southern Methodist University and an MBA from the UCLA. Mr. Chaffin serves on the Admissions Committee for the Appraisal Institute and is active in Rotary, the Texas Tennis Association
and the Unites States Tennis Association. MacKenzie S. Bottum & Associates. Inc./16051 Addison Road. Suite 203/Addison. Texas 75001 Tele 972·4041433/FAX 972-4040089 www.flash.net/-mcbmtum/
Representative clients of the firm include Bank One Texas, KeyBank National Association, Comerica Bank, Mellon Bank, BankofAmerica, Wells Fargo Bank, First American Savings, First Interstate
Bank, Bank United of Texas, Marine Midland Bank, Teachers Insurance and Annuity Association, State Farm Insurance Company, Aetna Realty Investors, American General Realty Investors,
Lincoln Investment Management, Shawmut Bank, PNC Realty Corporation, the FDIC, Prentiss Properties, BEl/Ritz, Landauer Associates, Inc., Carson Estate Company, AMRESCO, First Madison
Bank FSB, Metropolitan Life Insurance Company, the Missouri State Employees Retirement System, the United States Postal Service and the RTC. We invite you to contact our references at
these entities to assess our capabilities. 
PROFESSIONAL QUALIFICATIONS 
MacKenzie $. Bottum& ASsociates, Inc. MACKENZIE S. BOTTUM, MAl Qualifications BUSUNESSEXPERlENCE MacKenzie S. Bottum, MAl is President of MacKenzie S. Bottum & Associates, Inc., a regional
valuation group based in Dallas, Texas. Prior to forming MacKenzie S. Bottum & Associates, Inc., Mr. Bottum served as Vice President of the Valuation and Tech.n.ical Services Division
for Landauer Associates, Inc. (Jan. 1987 to Nov. 1989); was an appraiser with Coldwell Banker Appraisal Services (Oct. 1985 to Jan 1987); and as Vice President of RSIAppraisal Group
(Oct 1982 to Sept. 1985). VALUATION EXPERIENCE Mr. Bottum has valued commercial, industrial and investment grade properties to estimate Market Value for ad valorem purposes, allocation
of purchase price, financing and investment decisions. Industries served include banking, hospitality, manufacturing and financial services. Typical properties appraised include office
buildings, shopping centers, hotels, light and heavy manufacturing, warehousing, multi-family, subdivisions, vacant land and special purpose properties such as mini-warehouses, medical
and veterinary clinics, restaurants, festival marketplaces, fisheries, art galleries. canneries, etc. COURT EXPERIENCE Mr. Bottum has testified as an expert witness in the United SllItes
Bankruptcy Court for the Northern District ofTexas in Dallas, and for allocation of condemnation proceeds. In addition. Mr. Bottum prepared appraisals and served as an expert wituesses
for ad valorem IlIx lawsuits involving tbe Fritn Lay and J. C. Penneys headquarters facilities, . , I Plano, Collin County, Texas for IlIx years 1996, 1997 and 1998 . LICENSES AND PROFESSIONAL
DESIGNATIONS MAl Designation -Appraisal Institute Licensed Real Estate Broker -Texas '. I Texas Certified Appraiser No.: TX-1320818-G I Michigan Certified Appraiser No.: 1201007642 I
I I., MacKenzie S. Bottum & Associates, Inc./16051 Addison Road, Suite 203/Addison, Texas 75001 Tele 972-4041433!FAX 972A040089 www.flash.net/-mcbottum/
PROFESSIONAL ACTIVITIES • The Appraisal Institute-National: Chair-Comprehensive Exam Subcommittee 1997-99 • The Appraisal Institute-National: Member-Comprehensive Exam Subcommittee 1991-96
• The Appraisal Institute-National: Memher-GAB Admission Committee 1997-00 • The Appraisal Institute-National: Member-Qualifying Education Committee 1998-99 • The Appraisal Institute-Region
IX: Regional Ethics and Counseling Panel 1991-1999 • The Appraisal Institute-North Texas Chapter: Board of Directors 1997-2000 • The Appraisal Institute-North Texas Chapter: Treasurer
2000 • The Appraisal Institute-North Texas Chapter: Admissions Committee Chairman 1999 • MT Breakfast Club: Member 1992-2000 EDUCATION Bachelor of Science Real Estate, Indiana University,
Bloomington, Indiana, May 1981. American Institute of Real Estate Appraisers -Courses and Exams: Real Estate Appraisal Principles: Basic Valuation Procedures: Capitalization Theory and
Techniques, Parts A and B; Standards ofProfessional Practice; Valuation Analysis and Report Writing; Case Studies; Industrial Valuation. American Institute of Real Estate Appraisers/The
Appraisal Institute Seminars: Federal Home Loan Bank Board Memorandum R-41B; Evaluating Commercial Construction; An Introduction of the Valuation of Leased Fee and Leasehold Estates;
Market Analysis; Highest and Best Use Analysis. June 1990; Rate Extraction, July 1990; Standards of Professional Practice, November 1990; Real Estate Risk Analysis, May 1991; HotellMotel
Valuation, June 1991; Real Estate Law for Real Estate Appraisers. August 1991; Advanced Pro-Jeet Seminar, October 1991; Employee or Independent Contractor, July 1992; Understanding Limited
Appraisals and Appraisal Reporting Options -General, August 1994; Standards of Professional Practice, Part A, February 1995; Standards of Professional Practice, Part B, February 1995;
Affordable Housing, April 1996; The Impact ofMineral Rigbts and Oil and Gas Activities on Agricultural Land Values, May 1996; Fair Lending and tbe Appraiser, June 1996; The Dallas Office
Market, June 1997; The Internet & Appraising, August 1997; Dallas-Fort Worth Apartment Operating Expenses and Income, October 1997; Standards of Professional Practice, Part C, September
1998; Dallas-Fort Worth Apartment Operating Expenses and Income, Oetober 1998; Attacking and Defending an Appraisal in Litigation, November 1998; The Dallas Office Market (North Texas
Dinner Meeting). November 1998; The Appraisal of Local Retail Properties, December 1998. International Association of Assessing Officers -Seminar: Preparation and Presentation' for Property
Tax Litigation, September 1989. Institute for Real Estate Professionals -Seminar: Identifying and Segregating Real Estate and Personal Property, September 1998. AUTHOR Featured articles
include "Estimating Economic Obsolescence in Supply-Saturated Markets", The Appraisal Journal, Oetober 1988; "Retail Gravity Model", The Appraisal Journal, April 1989; "Discounted Cash
Flow Analyses: Tests ofReasonableness" , The Appraisal Journal, January 1993; "Supply Supply Saturated Induced External Obsolescence: Two Techniques for Quantifying Value Loss", The
Aporaisal Journal, October 1993 (with Scott D. Evans, MAI); and "Income and Expense Estimates and Direct Capitalization", The Appraisal Journal, April 1994, (Notes and Issues). 
CLIENT REFERENCES i ; 
:.1acKcm::ic S. Bottum(9Associates, Inc. 1. 2. 3. 4. 5. MACKENZIE S. BO'ITUM & ASSOCIATES, INC. REFERENCES Mr. Marc Farmer, MAl 6. Mr. D. Jerry Papinchak Chief Appraiser Assistant Chief
Appraiser Comerica Bank -Texas Mellon Bank Post Office Box 650282 Mellon Bank Center Dallas, Texas 75265-0282 PittSburgh, PA 15258-0001 (214/589-4752) (412/234-3719) Mr. Bruce Bailey,
MAl 7. Mr. John M. Hall Chief Appraiser Senior Investment Analyst Bank United Metropolitan Life Insurance Company 3200 Southwest Freeway, Suite 1601 5420 LBJ Freeway Houston, Texas 77027
Dallas, Texas 75240 (713/543-6799) (972/404-4375) Mr. Bradley M. Wirth, MAl 8. Mr. Jack Bass II, MAl Bank One Texas N.A. Commercial Appraisal Manager 1717 Main Street Bank of America
NT & SA Dallas, Texas 75201 333 Clay Street, Suite 3600 (2141290-2497) Houston, TX 77002 (713/652-3625) Ms. Emma Rhodes, MAl 9. Mr. Randy Williams Guaranty Federal Bank Appraisal Department
8333 Douglas Avenue First American Bank Suite 300 14651 Dallas Parkway, 4th Floor Dallas, Texas 75225 Dallas, Texas 75231 (214/360-2888) (9721419-3374) Mr. Ed Larroca 10. Mr. Robert
ViJlamagna, MAl Bank of America Chief Appraisal Officer Real Estate Appraisal Department TlAA-CREF 901 Main Street, 51st Floor 730 Third Avenue, 7th Floor Dallas, Texas 75202-3714 New
York, New York 10017 (2141209-1295) (212/916-4467) MacKenzie S. Bottum & Associates, inc./16051 Addison Road, Suite 203/Addison, Texas 75001 Tele 972·404143J/FAX 972-4040089 w.,w.f1ash.net/-mcbottum/
STATE CERTIFICATIONS 
TEXAS APPRAISER LICENSING AND CERTIFICATION BOARD BE IT KNOWN THAT MACKENZIE STEWART BOTTUM HAVING PROVIDED SATISFACTORY EVIDENCE OF THE QUALIFICATIONS REQUIRED BY 11lE TEXAS APPRAISER
UCENSlNG AND CERTIFICATION ACT, ARTICLE 6573a.2, VERNON'S TEXAS CIVIL STATUTES, IS AUTHORIZED TO USE 11lE 'ITl'LE STATE CERTIFIED GENERAL REAL ESTATE APPRAISER Number: TX-1320818-G Date
ofIssue: April 27, 1999 Date of Expiration: May 31, 2001 In Witness Thereof Debra S. Runyan, Chair James M. Synatzske, Vice·Chair Jacqueline G. Humphtey, Secretary Benjamin E. Barnett
David Glaier Eduardo A. Lopez Robert A. Seale, Jr. AGgie V. White