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From: <br />12128/2005 12:08 #030 P.002 <br />Shorburn® County <br />~1SSES50R <br />GERALD E, KRITZECK, S.A,M.A. <br />13880 Highway JO <br />Elk River, MN 55330 <br />December 28, 2005 (763) 241-2880 0 1-800-438-0577 ~ Fax: (763) 241-7195 <br />www. co. sherburne. mn. us <br />Catherine Mehelich <br />Director of Economic Development <br />City of Elk River <br />13065 Orono Parkway <br />Elk River, Mn 55330 <br />The following tax estimate is based on the information that you provided me with on the <br />remodel and new addition to the Bank of Elk River. The estimate of market value is for <br />the 2006 assessment as a completed project. Parcel # 75-405-0340, 75-405-0320 <br />Estimated Market Value Building $3,704,400.00 <br />Estimated Mazket Value Land $ 810,200.00 <br />Improvements to Land $ 25,000.00 <br />Total $4,539,600.00 <br />The estimated tax payable in 2007 using the 2006 proposed tax rate would be <br />approximately $168,153.00. <br />If you have any questions please contact me at (763) 241-2885 <br />Sincerely, <br />ohn Cullen <br />Chief Deputy Assessor <br />Sherburne County Assessor's Office <br />Cc: Brian Bensen, Gerald Kritzeck <br />