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JUA 1 5 1995 <br />~ ~~~~~~~~I ST. CLOUD APPRAISAL, INC. <br />Suite f01 • Roosevelt OlRce Park • 606 South 25th Ave. • St. Qoud, MN 56301 <br />Phone (612) 253-4488 • FAX (612) 253-8124 <br />Mike Amoy RES <br />Preeidenl <br />• <br />Thomas W. Montreuih SRA <br />Vice-Preeide•[ <br />June 14, 1995 <br />Mr. Patrick D. Klaers <br />City Administrator <br />13065 Orono Parkway <br />P.O. Box 490 <br />Elk River, MN 55330 <br />Conoie M. Kentges <br />Appraisal CooMinator <br />Sharon R Wiehke <br />AeEwcia[e <br />Kurt L. Dayton <br />Aefceiate <br />Re: Fee Quote, Cost/Benefit Study, U.S. Highway #10 Corridor East, <br />Elk River, Minnesota. <br />Dear Mr. Klaers: <br />As you requested by telephone yesterday, I have calculated the fee <br />range necessary for me to complete a study. Specifically, I would <br />estimate the value benefit to real estate due to the addition of <br />certain city services, versus the value of real estate lacking the <br />city services amenity. <br />I estimate that the fee would range from $2,000 to $2,400, and the <br />assignment could be completed within 60 days of your authorization <br />to proceed. <br />Thank you for the opportunity to quote a fee in this matter, and <br />if I may be of further assistance, please contact me. <br />Sincerely <br />-~A RES <br />President <br />MA:cmh <br />• <br />