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NAGELL APPRAISAL & CONSULTING <br /> 12805 Highway 55 Minneapolis: 952-544-8966 <br /> Plymouth, MN 55441 St.Paul 651-209-5959 <br /> Established in 1968 Central Fax 952-544-8969 <br /> Client:City of Elk River June 23.2015 <br /> Attn:Amanda Othoudt <br /> 1W65 Orono Parkway <br /> Elk River,MN 55330 <br /> RE: Appraisal of a commercial land lbuslnems park zoning} <br /> NEC of Joplin street&Business Center Drive <br /> Elk River,MH 55330 <br /> tear Amanda <br /> Thank you for your Interest in obtaln.ng appraisal services regard+ng the propery above Per our <br /> conversation,you indicated a report with the following research and analysis is needed <br /> Report Use: The report use is for decision making. <br /> Value Type:Curren',market value as it relates to the acquisition reflecting highest and best use per Uniform <br /> Standards of Professional Appraisal Practice will be provided <br /> Properly Description: A triangular piece of land on the NEC of Joplin Street&Suslress Center Drive The <br /> site contains about 2 37 acres <br /> Contact for access: <br /> Scope of Report:(1)View the property and neighborhood. fly Report the physical andior economic tactors <br /> that could affect the properly (3) Appropriate reuarch, collection. verification. analysis and viewing of <br /> pertinent market data will be Conducted. The appropriate approach(es)to value wiff be applied. (4) <br /> Report findings and conclusions. <br /> Report Format:An Appraisal Report(narrative formal will be used. It has a summary of statements of <br /> the data analysis and conclusions. Appropriate photos, maps and exhibits are included. An electronic <br /> (PAF)copy wN be providod. <br /> add'ionat meetings,appraisal reports,any discovery,preparation and testifying <br /> would be extra and Client named above is responsible for payment in a timely <br /> manner <br /> Due Date. The report can be completed in <br /> Information needed by the appraiser: Ste survey,if available <br /> Our Company: has 12 employees and has been in business since 1968 and has sufficient knowledge, <br /> experience, education, contacts and resources to competently complete this assignment. Neither the <br /> employment to make the appraisal,nor the compensation for it is contingent upon the appraised value of <br /> the property. It you agree to the above terms,please sign below and return by fax or mail. If you have any <br /> additional questions,please do not hesitate to contact me <br /> Sincerely t <br /> Signa�wre _ <br /> `Y <br /> William R Waylas r�]r }' <br /> Cert �-F-Iified Ganera14000813.MN Date m 17 <br /> www.nagLilmn.com <br /> Nagell Appraisal&Consulting 1 952-544-8966 1 www.callnagell.com 57 <br />