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Fesolution No. �0 99 � - � � Page 51 4. George Patchin Jr. , MAI, ASA, President of Patchin Appraisals , Inc. , at the request of the City, appraised the Marina property � for the purpose of estimating its ' fair market value under current ' zoning regulations and under variations of the current regulations , effective February 1, 1979. a) The highest and best use value was estimated at $166, 000. 00 assuming current B-2 zoning, 66 allowable slips and provision of a small restroom/shelter building, including winter storage and launching fee incom� as per the Johnson proposal. b) The estimated value would decrease to $124, 000 (decrease • � of $42,000) if the slips were reduced from 66 to 45 with � the other conditions remaining the saine as (,a) above. � c) The estimated value would decrease to $104,000 (decrease of $62, 000) if the slips were reduced from 66 to 30 or fewer with the other conditions remaining the same as (a) above. � d) The estimated value would also be $104, 000 if the property were rezoned and restricted for residential development only with 'no commercial dockage or facilities permitted. e) The estimated value would increase from $104, 000 to $152, 000 ($14, 000 below highest and best use) if the property were rezoned to residential but if the 66 slips and commercial uses in (a) above were authorized to continue as a legal non-conforming use. The estimated value would remain at $104,000 if• 30 or fewer slips were permitted as a .non-conforming use. 5 . Gunnar Isb erg an d the firm of Isberg, Riesenberg, Chelseth & Associates, Inc, have been retained by the City as planning consultant for the updating and redrafting of the �ity` s �omprehensive Plan. As a part of �`this review, Isberg has been � requested to review� in detail certain Study Areas of the City having particular planning concerns or problems , including the Stubbs Bay Study Area, . . � � , -