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Page 3 <br />• <br />The sales I uncovered differed from one another in many aspects, <br />including items such as parcel size, visibility and access to major <br />roadways, shape, topography, and neighboring environment. These <br />differences and others were considered and adjusted for, when <br />necessary, and the remaining differential in sale price was <br />attributable to differences in water and sewer amenities.. <br />For the most part I limited the geographic scope of my <br />investigations to areas believed to have some similarity to the <br />area in question. Sales data from Elk River Township, Elk River <br />City proper, and the City of Ramsey was specifically targeted. I <br />referred to sales of commercial lots along the U.S. Highway #10 or <br />U.S. Highway #169 corridor outside of the Elk River area., as well <br />as additional supportive data, but did not use these distant sales <br />for direct comparison. <br />If you have questions regarding the finite detail of this study or <br />its results, please contact me. I shall be happy to meet with you <br />or the Council to discuss my findings. <br />Thank you for the opportunity to serve you in this matter. <br />• Sincerely yours, <br />~.u- <br />e Am , CAE <br />President <br />MA:cmh <br />• <br />