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Rive~sicle Appraisals <br />July 20, 1995 <br />City of Elk River <br />Elk River MN 55330 <br />• <br />Re: VACANT LAND PARCELS <br />PID# 75-013-1101 Pclrcel "A" <br />75-013-1300 Parccrl "B" <br />75-013-4202 Pcu-cel "C" <br />`For die pu~Pose o% dus report onlc. <br />Dear Sir: <br />Elk River, Minnesota <br />In accordance with your request, an inspection and appraisal has been made of the above <br />stated fee simple vacant land for the purpose of estimating the market value of the fee simple <br />interest. <br />Based upon an inspection of the property and the factors influencing value, it is our opinion <br />that the subject property has a market value as follows: <br />As Vacant Land, as of July 20 1995 <br />$288,000.00 <br />The appraisal report is attached. It contains a description of the property, a summary of <br />significant factors affecting its market value, and some of the computations used. <br />This appraisal has been co-npleted in conformance with the Standards of Professional Practice <br />& Code of Professional Ethics of the. Appraisal Institute. Information in this report was <br />gathered from sources believed reliable, but not guaranteed. <br />For further .assistance, please call J. Seton Foster at (612) 241-0714 at your convenience. <br />Respectfully submitted, <br />)=. J nes(~oster, Appraiser 1./SetatS Fost~'r, Appraiser <br />• Riv rside Appraisal Service werside Appraisal Services <br />