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9786-2 <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 /> <br />Zoning: <br /> <br />Site Description: <br /> <br />Site Area: <br /> Before Taking: <br /> After Taking: <br /> Part Taken: <br /> <br />Highest & Best Use (As If Vacant): <br /> Before Taking: <br /> After Taking: <br /> <br />Highest & Best Use (As Improved): <br /> Before Taking: <br /> After Taking: <br /> <br />James Barrett <br /> <br />10768 - 173rd Avenue <br />Elk River, Minnesota <br /> <br />February 20, 1998 <br /> <br />February 20, 1998 <br /> <br />Industrial zoned land improved with <br />residential buildings (the buildings <br />are not appraised). <br /> <br />Fee Simple Market Value <br /> <br />I-1, Light Industrial <br /> <br />Rolling wooded site with 0.64 Hectares <br />(1.57 Acres) of wetland on the northeast <br />corner. Site is improved with a rural <br />residence. <br /> <br />5.51 Acres, or <br />4.84 Acres, or <br />0.67 Acres, or <br /> <br /> Metric <br />2.23 Hectares <br />1.96 Hectares <br /> <br />0.27 Hectares <br /> <br />Industrial Development <br />Industrial Development <br /> <br />Continued Residential Use <br />Continued Residential Use <br /> <br />Value Conclusions: <br /> <br />Market Value Before <br /> The Taking: <br />Market Value After <br /> The Taking: <br />Direct Taking (Change in <br />Land Value: <br />Severance Damages to <br /> Existing Improvements: <br />Total Just Compensation <br /> Due Land Owner: <br /> <br />$63,500 <br /> <br />$6o,5oo <br /> <br />$ 3,000 <br /> <br />$ 3,00o. <br /> <br />$ 6,O0O <br /> <br />Patchin & Associates, Inc. <br /> Val~a[;o~ Coflsuii,~,6.s <br /> <br /> <br />