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9786-1 <br /> <br />SUMMARY OF SALIENT FACTS AND CONCLUSIONS <br /> <br />Fee Owner: <br />Location: <br /> <br />Date of Appraisal: <br /> <br />Date of Inspection: <br /> <br />Property Appraised: <br /> <br />Property Rights Appraised: <br />Zoning: <br /> <br />Site Description: <br /> <br />Site Area: <br /> <br />Before Taking: <br />After Taking: <br />Part Taken: <br /> <br />Highest & Best Use: <br /> <br />Before Taking: <br /> <br />After Taking: <br /> <br />Value Conclusions: <br /> <br />Market Value Before <br /> The Taking: <br />Market Value After <br /> The Taking: <br />Total Just Compensation <br /> Due The Land Owner: <br /> <br />Roger and Jean Eull <br /> <br />Vacant Land Located South of 1 73rd <br />Avenue and east of the Rail Road Tracks <br />in Elk River, Minnesota <br /> <br />February 20, 1998 <br /> <br />February 20, 1998 <br /> <br />A vacant tract of I-1 and R-la zoned <br />land. <br /> <br />Fee Simple Market Value <br /> <br />I-1, Light Industrial and <br />R-lA, Single Family Residential <br /> <br />Gently rolling site, sloping downward <br />to a Iow area and ditch on the north side. <br />Site is open fields on the south with <br />woods and wetlands on the north. <br /> <br />78.71 Acres, or <br />75.06 Acres, or <br /> 3.65 Acres, or <br /> <br /> Metric <br /> <br />31.85 Hectares <br />30.3 7 Hectares <br /> <br />1.48 Hectares <br /> <br />Unserved industrial and rural residential <br />development. <br /> <br />Unserved industrial and rural residential <br />development. <br /> <br />$470,000 <br />$432,000 <br />$ 38,O00 <br /> <br />Patchin & Associates, Inc. <br /> <br />VaLuation Consultants <br /> <br /> <br />