QUALIFICATIONS OF JOHN F. FIENE, MAI, IFAC, SRA

Arizona Certified General Real Estate Appraiser #30103

Indiana Certified General Appraiser #CG49900336

Michigan State Certified Real Estate Appraiser #1201006536

Ohio Certified General Real Estate Appraiser #435243

PROFESSIONAL EXPERIENCE

· Twenty-five years of active real estate appraising/consulting

· Types of properties appraised: Commercial, Industrial, Special Purpose, Vacant Land, Residential and Recreational Use Properties

· Geographic areas of experience include Arizona, California, Colorado, Hawaii, Illinois, Indiana, Kentucky, Maryland, Michigan, Nevada, Ohio, Oregon, Pennsylvania, Texas, Utah, Washington and Wisconsin.

· Qualified as an expert witness in various Superior Courts in the State of Arizona, US District Court for the Central District of California, US Bankruptcy Court for the District of Arizona and before various boards of tax appeals and tax commissions throughout the United States.

· Past approved instructor - Arizona State University and for the State of Arizona Department of Real Estate; property tax faculty for Professional Education Systems, Inc. (1991-1994), the Institute of Property Taxation (1992) and the International Association of Assessing Officers (1995, 1997).

PROFESSIONAL DESIGNATION/MEMBERSHIPS

Member of the Appraisal Institute (MAI #8948). "I, John F. Fiene, MAI, SRA, SRPA, have completed the requirements under the continuing education of the Appraisal Institute. This mandatory status has been achieved through December 31, 2006."

National Association of Independent Fee Appraisers:

IFAC Counselor Designation, Certificate #161, issued 1987

IFAS Senior Designation, Certificate #1127, issued 1982

IFA Member Designation, Certificate #3123, issued 1980

"The National Association of Independent Fee Appraisers has a mandatory program of continuing education for designated members. Those who meet the standards of this program are considered to have recertified. I am certified in this program through December 31, 2007."

Senior Real Property Appraiser, Appraisal Institute, issued 1990

Senior Residential Appraiser, Appraisal Institute, issued 1986

FORMAL EDUCATION

Bachelor of Arts (1969 with Honors), Southern Illinois University

Masters (1972), Arizona State University

Qualifications of John F. Fiene (continued)

APPRAISAL TRAINING

Courses sponsored by the American Institute of Real Estate Appraisers:

1987 Course 1B-A and 1B-B Capitalization Theory and Techniques

Course 2-3 Standards of Professional Practice

1988 Course 2-1 Case Studies in Real Estate Valuation

Course 2-2 Valuation Analysis and Report Writing

1994 Course 410 Uniform Standards of Professional Practice

1996 Course 420 Standards of Professional Practice, Part B

1998 Course 430 Standards of Professional Practice, Part C

Courses sponsored by the Society of Real Estate Appraisers:

1979 Course 101 Introduction to Appraising Real Property

1983 Course 102 Applied Residential Property Valuation

1986 Course 201 Principles of Income Property Appraising

Course 202 Applied Income Property Valuation

Courses sponsored by the International Association of Assessing Officers:

1981 Course 1 Fundamentals of Real Estate Appraisal

1982 Course 2 Income Approach to Valuation

Course 5 Personal Property Valuation

Recent Continuing Education:

1995 Seminar AI - Real Estate Evaluations and the Appraisal Industry

Seminar AI - Litigation and the Appraiser

1997 Seminar AI - The Internet and Appraising

Seminar AI - Appraisal of Nursing Facilities

1999 Course NAIFA - Course 4.2: Marshall & Swift Commercial Valuation

Course NAIFA - Course 8.2: Land Use Modules

2000 Seminar Liability Insurance Administrators - Real Estate Appraiser Loss Prevention

Course NAIFA - Course 3.1: Soil Valuation

Course NAIFA - Course 4.0A: Construction Costs for Residential Properties

Course NAIFA - Course 8.0: Internet and Appraisal Practice

Seminar NAIFA - Valuing Undivided Fractional Interests

Seminar NAIFA - Automated Valuation Models

Seminar NAIFA - Environmental: Asbestos & Lead Paint

Seminar IN Tax Comm. - Proposed Changes in Assessment Regulations

2001 Seminar IN Tax Comm. - Personal Property

Seminar ASFMRA - Winter Meeting

Course NAIFA - Course 5.0: National USPAP Course (Appraisal Foundation)

Seminar IN Tax Comm. - Depreciation for 2002 Revaluation

2002 Seminar IN Dept. Local Finance - Changes in Personal Property Taxation

Qualifications of John F. Fiene (continued)

2002 Seminar Appraisal Education Institute - Commercial Appraisal Evaluation

Seminar Appraisal Education Institute - Finding & Measuring Obsolescence

Seminar IN Dept. Local Finance - Commercial & Industrial Obsolescence

Course NAIFA - Course 15.3: Appraising Small Businesses & Prof. Practices

2003 Seminar IN Dept. Local Finance - Personal Property

Course NAIFA - National USPAP Review (Appraisal Foundation)

Course NAIFA - Indiana Appraiser Licensing and Certification Rules

Seminar AI - Appraising Environmentally Contaminated Properties

OTHER ORGANIZATIONS

Arizona Appraisers Coalition (AACO)

The Appraisal Foundation

· Elected to the Board of Trustees as an At-Large Trustee, with term commencing on January 1, 1993; re-elected for two three-year terms expiring December 31, 1999

· Appointed to the Board of Trustees by NAIFA to serve through December 31, 2000

· Elected to Assistant Treasurer of The Appraisal Foundation for 1998

· Elected to Treasurer of The Appraisal Foundation for 1999

· Publications Committee (Secretary 1993-1994) (Chairman 1995-1997 & 2000)

· Admissions Committee (1994-1996) (Chairman 1998)

· Executive Committee (1995-2000)

· Finance Committee (1998-2000) (Chairman 1999)

· Appraisal Standards & Qualifications Board Nominating Committee (2000)

Phoenix City Club

Frank Lloyd Wright Foundation as Friend of Taliesin

Valley Partnership

· Community Projects Committee (1994)

Indiana Assessor's Association

ADDITIONAL CERTIFICATION

Arizona Real Estate Salesman License, June 15, 1980

Basic Real Property Appraiser, Arizona Department of Revenue, December 15, 1981

Intermediate Real Property Appraiser, Arizona Department of Revenue, April 16, 1982

Level I Certified Indiana Assessor-Appraiser, IN State Bd. of Tax Commissioners, December 7, 1999

Level II Certified Indiana Assessor-Appraiser, IN State Bd. of Tax Commissioners, December 28, 1999

Certified Tax Representative, IN Dept. of Local Government Finance, May 20, 2003