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<br />Page 1 of 3 Page 1 of 3 <br />CASSERLY APPRAISALS <br />21895 County Road 117 <br />Rogers, MN 55374 <br />763-428-4894 <br /> <br />Kevin J. Casserly, MAI - Principal <br /> <br /> <br />December 19, 2017 <br /> <br />Amanda Othoudt, EDFP <br />Economic Development Director <br />City of Elk River <br />13065 Orono Parkway <br />Elk River, MN 55330 <br /> <br />APPRAISAL PROPOSAL <br /> <br />RE: The appraisal of 414 Main St NW, Elk River, MN 55330. <br /> <br />Dear Ms. Othoudt: <br />Thank you for asking me to prepare this proposal to appraise this property. The purpose of the <br />appraisal is to provide you an opinion of the market value of the property. The intended use of <br />the appraisal is for buying purposes. The intended user of the appraisal is the City of Elk River. <br /> <br />The appraisal would be prepared in an appraisal report format which for this appraisal means that <br />I would detail the data, analyses, and conclusions that are significant to the value opinion. <br /> <br />The effective date of the appraisal would be the date of my inspection of the property. As part of <br />my preparation before inspecting the property I would discuss with the owner any concerns he <br />has about tenants learning of the purpose of my inspection. After this discussion, I would convey <br />these concerns to you. Should they add uncertainty to the market value opinion, you and I can <br />discuss such uncertainty at that time. For example, if the owner does not want me to inspect the <br />interior of the house, I may have to make an extraordinary assumption about its features and <br />current condition. <br />