EX-99.(C)(8) 9 p76411exv99wxcyx8y.htm EX-99.(C)(8) exv99wxcyx8y
Exhibit (c)(8)
10218 North   Mequon,   Tel 262.241.1000   www.accuval.net
Port Washington Road   Wisconsin   Fax 262.241.1010    
    53092 USA   800.852.9252    
(ACCUVAL LOGO)
April 11, 2008
Mr. Chris Zugaro, Vice President
Insight Equity
1400 Civic Place, Suite 250
Southlake, TX 76092
Re: Appraisal —   Meadow Valley Corporation
Machinery & Equipment
Dear Mr. Zugaro:
As requested, the following table provides a breakdown of the values attributed to the machinery and equipment assets located at Meadow Valley Corporation and Ready Mix Inc.
                 
Ready Mix Inc.  
Location   Orderly Liquidation Value   Fair Market Value  
Las Vegas, NV (Delhi)
   $ 2,821,950     $ 3,229,500  
Lee Canyon, NV
   $ 2,317,650     $ 2,779,650  
Las Vegas, NV (Gary)
   $ 898,050     $ 1,075,000  
Moapa, NV
   $ 2,210,300     $ 2,685,900  
Sun City, AZ
   $ 325,700     $ 407,500  
Queen Creek, AZ
   $ 2,182,850     $ 2,542,100  
Tolleson, AZ
   $ 427,500     $ 535,500  
 
            
Total- RMI
   $ 11,184,000     $ 13,255,150  
                 
Meadow Valley Corp.  
Location   Orderly Liquidation Value   Fair Market Value  
North Las Vegas, NV
   $ 7,426,500     $ 8,566,200  
Phoenix, AZ
   $ 5,668,600     $ 6,670,250  
 
            
Total- MVC
   $ 13,095,100     $ 15,236,450  
 
            
Grand Total
   $ 24,279,100     $ 28,491,600  

 

 

Appraisal — Meadow Valley Corporation   April 11, 2008
Between March 24 and 26, 2008, AccuVal personnel inspected the machinery and equipment of Meadow Valley Corporation located at 4635 Andrews St., Suite F (Various Sites), North Las Vegas, Nevada; and 731 North 19th Avenue, Phoenix, Arizona.; and Ready Mix Inc. located at 109 W. Delhi Avenue, Las Vegas, Nevada; Highway 95 at Highway 156, Lee Canyon, Nevada; 6501 W. Richmar Avenue, Las Vegas, Nevada; Highway 168 at 1-15, Moapa, Nevada; 11500 W. Beardsley Road, Sun City, Arizona; 39245 N. Schnepf Road, Queen Creek, Arizona; and 6204 W. Southern Avenue, Tolleson, Arizona. The inspection was conducted to gather data relative to the assets and provide an appraisal to be used as documentation for financial decision-making.
Please contact us if any further clarification is needed regarding the values presented in the original report dated April 7, 2008.
It has been a pleasure being of service to you.
Very truly yours,
AccuVal Associates, Incorporated
(-s- Michael S. Hamann)
Michael S. Hamann, ASA
Manager
(ACCUVAL LOGO)

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