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VALUATION REPORT IDENTIFICATION OF THE PROPERTY The subject of this appraisal is the Ridgeview Elementary School , a one story, concrete and masonry school building located at County Trunk Highway "P" and U. S. Highways 18 & 151 in the Township of Sprindale approximately two miles east of Mount Horeb , which would be more particularly described as follows : Part of the S 1/2 of the SW 1/4 of Section 9 , T6N, R7E, Township of Springdale, described as follows : Commencing at the SW corner of said Sec. 9 ; thence E along the S line of said Sec. 9, 1140 .0 feet more or less to the point of intersection of said S line and the southerly line of old Highway 18 $ 151 right of way ; thence N 16° 48 ' E, 6 . 75 feet to the point of beginning of this description; thence continue N 16° 48 ' E, 75 . 0 feet ; thence S 46° 39 ' E, 99. 65 feet ; thence N 84° 16 ' E, 70 . 0 feet ; thence N 4° 16 ' E, 370 . 0 feet ; thence N 57° 32 ' W, 572 . 11 feet ; thence S 32° 28 ' W, 386 .4 feet ; thence S 57° 32 ' E, 295 . 0 feet ; thence S 51° 02 ' E, 321 . 3 feet to the point of beginning. Subject to existing public highway. Subject to easement to Wisconsin Power $ Light Company as set forth in Vol . 125 of Misc . , page 205 , Doc . No . 593045 . PURPOSE OF THE APPRAISAL The purpose of this appraisal is to estimate the Fair Market Value of the above described property as of October 11 , 1982 . Value The term Fair Market tialue as used in this report is defined as : "The highest price estimated in terms of money which a property would bring if exposed for sale in the open market allowing a reasonable time to find a purchaser who buys with the knowledge of all the uses to which it is adapted and for which it is capable of being used. "