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NAGELL APPRAISAL & CONSULTING <br /> 12805 Highway 55 Minneapolis; 952-544-89£6 <br /> Plymouth, MN 55441 $t. Paul 651-209-6159 <br /> Established in 4968 Central Fax 952-544-8969 <br /> Client; City of Elk River May 4, W10 <br /> Attn.Amanda Othcudt <br /> 13462 Orono Parkway <br /> Elk river,MN 55330 <br /> RE; Appcomal or Ocie commarclal land parcels[business(park z6ning] <br /> NEC A Joplin Street d Business Cuter drive <br /> Elk River,MN 993.39 <br /> Dear Amanda: <br /> Thank you for your interest In obWlnlrkg appralsel services regarding the property above Per our <br /> conversaticn,you Indicated a reporl vWtm the iolkrS Mrig research and analysis is needed. <br /> Report Use, The reporl use is For decision making for potential purchase. <br /> 5ralue Type; Current market value as it relates for acquisition reflecting highest and best use per Uniform <br /> Standards of k rofessionaI Appraisal Practice will be provided. <br /> Property Description. See attached,Pard 1 and 3A not 3U. <br /> Contooi for access_ <br /> Zioope of Deport:(1)'View the prgoerty and neighbor, (2)Report the ph*oial er1d OW ecaWrrtic factors <br /> that could affect the property. (3) Appropriate research, collection, varification, analysis and viewing of <br /> pertinent market data will be conducted. The sppropdate approach(s) to vahm w1A be apOieot. (4) <br /> Report findings and conclusions_ <br /> Report Format. An Appraisal Report(narrative fcnrrtat)will be used. It has a summary of statements of <br /> the data, analysis and Conclusions. Appropriate photon, maps and exhibits are included_ An electranrc <br /> (PDF)copy wig be provided for each report- <br /> Fee: the tee is Should it be needed any additional meetings. <br /> updatedfupgraded appraisal reports,any discovery, preparation and testifying would be extra and billed at <br /> -Clienl named atlhve is responsible for payment in a timely manner: <br /> Due Date; The report can be completed In <br /> Information needed by the appraiser: Already provided. <br /> Our Company: has 12 employees and has been in business since 1568 and has sufficient knoWedgie, <br /> agperlence, educatlon, conlacts and resources to competently complete this assignment_ Neither the <br /> employment to make the appraisal, not the eompensalinn for it, is contingent upon the appraised a of <br /> the property_ If you agree to the above terms,please sign below and return by retail. It you h a any <br /> additional questions, please do not hesitate to corllael me_ <br /> Si ncerelly, <br /> Signa. re <br /> William R.4Vaytas <br /> Cerlified General 40001 13,MN Date <br /> www.nagellmn.com, <br /> 58 Nagell Appraisal&Consulting 1 952-544-8966 1 www.callnagell.com <br />