City Skline


Andolfo Appraisal Associates, Inc.


Staff Appraisers

A. Augustine AndolfoA. Augustine Andolfo

-Engaged in the Real Estate Business in Rhode Island since 1979
-Engaged in Real Estate Appraisal field since 1996
-Licensed Residential Appraiser, State of Rhode Island #A00733L
-Rhode Island Real Estate Broker's License #B10081
-Vice President - Commercial Division, Andolfo Appraisal Associates, Inc.

Employment History:

-1980-1984 Branch Manager/Hospital Trust National Bank
-1985-1986 Credit Analyst/Hospital Trust National Bank
-1986-1987 Assistant Vice President/Relationship Manager Commercial Real Estate Division, Hospital Trust National Bank
-1988-1996 Vice President and Group Head, Commercial Read Estate Division, Shawmut National Bank
-1996-Present Andolfo Appraisal Associates, Inc.

Education

-Providence College, Providence, Rhode Island - B.A. Political Science - 1976
-University of Rhode Island - Certificate in Real Estate, 1980
-University of Oklahoma - National Commercial Lending School - Commercial Lending Degree - 1982
-Society of Real Estate Appraisers - Course 101 - Introduction to Appraising Real Property - 1982
-American Institute of Banking - Financial Statement Analysis - 1984
-Capitalization Theory and Techniques, 1992
-Omega/Robert Morris Associates - Understanding Business Cashflow and Commercial Loans to Business - 1994
-American Real Estate Academy - Uniform Standards of Professional Appraisal Practice - 1996
-Appraisal Institute - Uniform Standards of Professional Appraisal Practices - 1996
-Appraisal Institute - Course 120 Appraisal Procedures - 1997
-Appraisal Institute - Course 620 - Sales Comparison Valuation of Small, Mixed-Use Properties - 1998
-Appraisal Institute - Course 310 - Basic Income Capitalization - 1999
-American Society of Appraisers and Appraisal Institute - Course 201 Introduction to Business Valuation - 2002


Member:

-National Association of Realtors
-Greater Providence Board of Realtors
-Finance Secretary for St. Thomas More


Qualified Expert Witness:

-Superior Court of Rhode Island
-Town of Narragansett, Zoning Board of Review


Appraisals Submitted:

-Citizens Bank
-The Washington Trust Company
-Bank Rhode Island
-BankBoston
-First Bank and Trust Company
-Fleet Bank
-Express Financial Services, Inc.
-Westerly Savings Bank
-Northwest Mortgage Company
-AAMES Financial
-Credit Union Central Falls
-Cityscape Corporation
-HomeComings Financial Network
-Collateral Update
-Metropolitan Mortgage & Securities Company, Inc.
-Alliance Funding
-Mechanics Savings Bank
-Providence Redevelopment Agency
-HFS Mobility Service, Inc.
-Credit Union Financial Services, Inc.
-Cornerstone Mortgage Company
-First Union National Bank
-Alexander Mortgage Corp.
-Bottom Line Mortgage Corp.
-Mortgage Capital Solutions
-Western Capital
-Superior Bank, FSB
-Delta Funding Corporation
-Ocean State Community Credit Union (formerly known as Warwick Credit Union)
-Rhode Island Department of Environmental Management
-Rhode Island Economic Development Corporation
-Rhode Island Housing and Mortgage Finance Corporation
-Minority Investment Development Corporation
-U.S. Fish and Wildlife Service, Division of Realty
-First Pioneer Farm Credit
-Sovereign Bank
-Enterprise Financial
-First Trade Union Bank
-UniBank for Savings
-Newport Federal Savings Bank
-Greenwood Credit Union
-BayView Financial Trading Group
-Town of Burrillville
-City of East Providence
-Rhode Island Airport Corporation
-United States Small Business Administration
-Westerly Hospital
-South County Hospital
-Investors, Attorneys and Private Parties


Affiliated Companies:

-Vice President and Manager - Andolfo Real Estate, Inc.


Thomas M. Ross


-Engaged in the Real Estate Business for over 19 years
-Licensed Residential Appraiser, State of Rhode Island, #A00343L


Employment History:

-1990 - Present Andolfo Appraisal Associates, Inc.
-1987 - 1990 ComFed Appraisal Services, Inc.
-1986 - 1987 New England Appraisal Consultants
-1985 - 1986 Coldwell Banker Real Estate
-1981 - 1985 Raytheon Company


Successfully Completed:

-Course 101 - Introduction to Appraising Real Property
Society of Real Estate Appraisers
-Course 102 - Applied Residential Property Valuation
Society of Real Estate Appraisers
-Standards of Professional Practice - Module A
Appraisal Institute
-Standards of Professional Practice - Module B
Appraisal Institute
-REA II - Introduction to Income Property Appraisal,
Part A Massachusetts Board of Real Estate Appraisers
-Course 600 - Income Valuation of Small, Mixed Use
Properties - Appraisal Institute

Graduate of:

-Springfield Technical Community College, Springfield, MA, A.S.
-Blue Hills Regional Technical Institute, Canton, MA, A.S.


Appraisals for:

-Bank Rhode Island
-BankBoston
-Fleet Bank
-Rhode Island Housing and Mortgage Finance Corp.
-Credit Union Central Falls
-Citicorp Mortgage, Inc.
-CitiBank, FSB
-Citizens Bank
-Federal Deposit Insurance Corporation (FDIC)
-Resolution Trust Corporation (RTC)
-First Bank and Trust Company
-State of Rhode Island, Department of the Attorney General
-United States Marshals Service
-HomeSteps Asset Services
-Coldwell Banker Relocation Services
-Providence Redevelopment Agency
-Various attorneys and private parties


Karen M. Valletta


-Engaged in the Real Estate Business in Rhode Island since 1973
-Engaged in the Real Estate Appraisal field since 1986
-Licensed Residential Appraiser, State of Rhode Island #A00513L
-Licensed FHA HUD Fee Appraiser, January, 2000 to Present


Employment History:

-November, 2000 Andolfo Appraisal Associates, Inc. Staff Appraiser
-1999 - 2000 United Appraisal Staff Appraiser
-1992 - 1999 Capitol Appraisal Staff Appraiser
-1988 - 1992 Oaklawn Appraisal Staff Appraiser
-1986 - 1988 Keefe & Keefe Appraisal of Seekonk and Canton, Massachusetts Staff Appraiser
-1973 - 1986 Citizens Bank Mortgage Processor


Education and Noted Courses:

-Rhode Island College, Providence, Rhode Island 1974 - 1976
-1996 - Appraisal Standards & Ethics; Income and Cost Approaches
-2000 - How to Market and Sell Older and Historic Homes
-2000 - How to Search a Title in Rhode Island
-2002 - Residential Construction Technology
-2003 - Big Three Environmental Issues


Appraisals Submitted:

-American Residential Mortgage, LLC
-Bank Rhode Island
-Chase Manhattan Mortgage
-Citizens Bank
-Coastway Credit Union
-Columbia National
-Domestic Bank
-East-West Mortgage Company
-First Bank and Trust Company
-Flagstar Mortgage
-Fleet National Bank
-Foremost Mortgage
-GMAC Mortgage
-Ivy Mortgage
-Mortgage IT, Inc.
-Old Kent Mortgage
-People's Mortgage
-Rhode Island Housing and Mortgage Finance Corporation
-Rhode Island State Employees Credit Union
-Salem Five Mortgage Corp.
-The Washington Trust Company
-Wall Street Mortgage
-Investors, Attorneys and Private Parties


Gerard A. Fournier


-Engaged in the Real Estate Appraisal field since 1984
-Licensed Appraiser, State of Rhode Island #A00414L


Employment History:

-September, 2006 Andolfo Appraisal Associates, Inc. Staff Appraiser
-March, 2006 - September, 2006 Forsythe Appraisals, LLC. Staff Appraiser
-2000 - 2006 Ideal Realty Services Staff Appraiser
-1993 - 2005 Peter Scotti & Associates Staff Appraiser
-1991 - 1993 Boston Five Appraisal Corporation Staff Appraiser


Education and Noted Courses:

-Providence College, Providence, Rhode Island, 1967 - 1972,
B.A. Political Science
- Residential Market Analysis and Highest & Best Use
- Unique and Unusual Properties
- Land Development
- Title Search
- Residential Appraisal Problem Solving
- Expert Witness Testimony in Tax Appeal Cases and Bankruptcy Hearings


Appraisals Submitted:

-AAA Southern New England Bank
-Chase Manhattan Mortgage
-Citizens Bank
-Coastway Credit Union
-Fleet National Bank
-Greenwood Credit Union
-Greenwich Mortgage
-Old Stone Bank
-Rhode Island Housing (formerly RIHMFC)
-Rhode Island Hospital Trust National Bank
-Sovereign Bank
-The Washington Trust Company
-Union Federal Savings Bank
-Washington Mutual
-WCS Lending, LLC
-Investors, Attorneys and Private Parties


Adam T. Andolfo - Research/Appraisal Assistant/Trainee


-Licensed Trainee Appraiser, State of Rhode Island #A01207TL
-June, 2004 Associate Member of the Appraisal Institute
-June, 2004 Member, RI Chapter of the Appraisal Institute.
-December, 1999
Awarded Rank of Eagle Scout, Boy Scouts of America, Troop 76, Providence RI


Employment History:

-2004 Andolfo Appraisal Associates, Inc. Trainee Appraiser



Graduate of:

-1996 - 2000 La Salle Academy, Providence, RI
-2000 - 2004 University of Connecticut, Storrs, CT - B.A. Urban Studies


In solving most appraisal problems, the final value conclusion depends largely on the ability/judgement and integrity of the appraiser. We believe that the appraisers at Andolfo Appraisal Associates, Inc., are duly committed to this goal.



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