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<br /> MARDHL <br /> AMUNDSON <br /> JOHNSON & . <br /> LEIRNESS, INC. <br /> Heal Estate Valualiol1 & COIbllllat;')11 <br /> October 3,1995 <br /> City of Arden Hills <br /> c/o Mr. Larry D. Martin <br /> Larkin Hoffman Daly & Lindgren Ltd. OCT - 11 1995 <br /> 1500 Norwest Financial Center <br /> 7900 Xerxes Avenue South <br /> Bloomington, MN 55431-1194 <br /> re: Appraisal Services-Special Assessment Study <br /> 1995 County Road F Street Reconfiguration <br /> Minnesota Highway Patrol Parcel <br /> PID 21-30-23-34-0003-1 <br /> City of Arden Hills Minnesota <br /> Gentlemen: <br /> - <br /> Thank you for contacting me concerning your appraisal needs on the above <br /> special assessment matter. I have reviewed the information you had given me - <br /> last week. .~ <br /> It is my understanding that you require an estimate of the change in fair market value of <br /> this property resulting from the public improvement project and that this valuation will l <br /> assist you in negotiating with the property owner; special assessment hearing, if <br /> required. <br /> Our valuation services could result in either a Self-contained or Summary special I <br /> assessment appraisal report. In either case our report will contain our conclusion of the <br /> change in fair market value of this property. A Summary report is intended to give I <br /> only a summary of the analysis, while a Self-contained report is intended to be a more <br /> complete accounting of what the appraiser has done. The report will be completed and <br /> delivered to you by November 20, 1995, should you grant authorization to proceed by I <br /> October 16th. <br /> We will inspect the property, research the land market for sales and offering I <br /> information of similar properties. A comparative analysis will be made to estimate the <br /> current fair market value of this property. Then we will estimate the change in market I <br /> value resulting from this public improvement project. This will be done by making a <br /> study of paired sales; those with similar public improvements in place and those <br /> without. The market data and analysis upon which we will base our conclusion will be I <br /> organized in our appraisal report document. <br /> -. <br /> 800 TCF Tower, 121 South Eighth Street. Minneapolis) Minnesota 55402.612-339-7700. Fax: 612-339-7937 I <br />