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In Elk River trunk utilities are understood to convey to following property rights. <br /> <br />Access to municipal water sources and waste water treatment plants. <br /> <br />a. Additional SAC (sewer access charges) and WAC (water access <br /> charges) are assessed upon hook up. <br /> <br />2. Trunk water and sewer lines will be constructed to serve those lands <br /> being assessed. <br /> <br /> a. Lateral water and sewer lines will hav....e..ii!ib be developed to serve <br /> most of the land assessed. <br /> <br /> b. The cost of lateral water and sewe.:~iil!J:nes is 'ii~ii~ddition to sewer and <br /> water trunk lines and will va~iiilb..a.~ on '~pe of development. <br /> Additionally some delay w:i.!l I~ili~perienced by those property <br /> owners which are furthest fr.'~iit..t~e t:~i~ks. <br /> <br /> c. If a property has an a.dj~t'~ii~:'s'~wer and/or water line, it will be <br /> assessed for laterals..ii~n:~!~.~!.it will use the trunks as laterals. <br /> <br />Based on the attached data ~:'ai~'~i~.s.i.~ii~e estimate the market benefit of water and sewer <br />trunk lines to lands within th~i~iectli~iea, as of May 1, 1996 as follows. <br /> <br /> Residential Lands $6,000 Per Acre <br /> <br />Industrial Lands <br /> <br />$6,000 Per Acre <br /> <br />Commercial Lands <br /> <br />$8,000 Per Acre <br /> <br />This limited value analysis has been made in conformity with accepted professional, ethical <br />and performance standards of real estate appraisal practice. The "Contingent and Limiting <br />Conditions" section of this report, and should be thoroughly read and understood before <br />relying on any information or analysis presented herein. If you have any questions or <br />comments after reading the appraisal, please contact the firm. <br /> <br /> <br />