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Credit Mana g ement Resource Cor oration <br /> 7517 Washington Avenue South · Edina, MN 55439 <br /> (612) 828-9406 Fax (612) 941-9142 <br /> <br />PROPOSAL <br /> <br />TO: <br /> <br />City of Elk River <br /> <br />Project: <br /> <br />Elk Terrace Mobile Home Park <br /> <br />Date <br /> <br />March 11, 1997 <br /> <br />Detail: <br /> <br />Approximately 28 Homes in the above park to be <br />appraised based on Manufactured Housing, Personal <br />Property Standards (Non-Real), and Appraisers <br />Certification and Statement of Limitations, which <br />is attached. <br /> <br />Manufactured homes to be appraised based on <br />current condition, without repairs. <br /> <br />Appraisal will be based without Park Adjustment <br />and market data analysis. <br /> <br />A original of the appraisal and a Certificate of <br />Value will be issued on each home, and delivered <br />as directed by the client. <br /> <br />Delivery of completed appraisal documents will be <br />within thirty days of acceptance of the proposal <br /> <br />Fees: <br /> <br />$125.00 per unit, with a minimum of twenty eight <br />units. <br /> <br />One-third payment at time of acceptance, one third <br />at 50% completion, and the balance due at final <br />completion and delivery. <br /> <br />All normal expenses to be paid by appraiser. <br /> <br />THIS PROPOSAL VALID FOR 45 DAYS <br /> <br /> <br />