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WHITE DOVE APPRAISAL <br />403 Main Street, Elk River, MN 55330 <br /> <br />File No. 01428 <br /> <br />City of Elk River <br />13065 Orono Parkway <br />Elk River, MN 55330 <br /> <br />File Number: 01428 <br /> <br />In accordance with your request, I have personally inspected and appraised the real property at: <br /> <br /> XXXX Monroe Street <br /> Elk River, MN, 55330 <br /> <br />The purpose of this appraisal is to estimate the market value of the subject property, as vacant. <br />The property rights appraised are the fee simple interest in the site. <br /> <br />In my opinion, the estimated market value of the property as of November 13, 2001 is <br /> <br /> $546,000 <br />Five Hundred Forty-Six Thousand Dollars <br /> <br />The attached report contains the description, analysis and supportive data for the conclusions, <br />final estimate of value, descriptive photographs, limiting conditions and appropriate certifications. <br /> <br />~'Z~ceer~fiEe~e~ihd e nti a, Appraiser <br /> <br /> <br />