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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 _Y <br />William R Waylas r]r }'Cert F-IifiedGanera14000813.MN Date m 17 <br />www.nagLilmn.com <br />Nagell Appraisal&Consulting 1 952-544-8966 1 www.callnagell.com 57