Laserfiche WebLink
MEOW <br /> Ms. Sue Iverson May 19th, 2010 <br /> City of Arden Hills page two <br /> • <br /> This appraisal assignment and the opinions of value are subject to the following specific <br /> requirements, assumptions and limiting conditions, as well as others described in the following <br /> appraisal report: <br /> ➢ The market value opinion for the subject property has an effective date of May 17th, 2010. <br /> The subject property was inspected on May 17th,2010. <br /> ➢ The communication tower structure and equipment is considered personal property by the <br /> Ramsey County Assessor's Office and is thus not subject to property taxes. The owner of the <br /> land beneath the communication tower also owns the communication tower structure. This <br /> market value opinion for the real estate includes the personal property associated with <br /> communication tower structure (required to produce the income stream) but excludes the <br /> related antennas and telecommunication equipment owned by the tenants. <br /> ➢ The subject communications tower property is part of a larger parcel located at 1296 County <br /> Road F West in Arden Hills (Tax Id. No. 273-023-12-0002). The communications tower <br /> property is located in the southern most part of the larger parcel. The subject land parcel is <br /> estimated to have a land area of 21,536 square feet, or 0.494 acre when it is subdivided from <br /> the larger parcel. <br /> It is our opinion that the market value of the leased fee estate interest in the Arden Hills <br /> 110 Communications Tower Property as of May 17t , 2010 is: <br /> FIVE HUNDRED THOUSAND DOLLARS S500,000 <br /> Please call if you have any questions or comments after reading this appraisal report. It has been <br /> a pleasure being of service on this assignment. <br /> Cordially, <br /> NICOLLET PARTNERS,INC. <br /> '-'04/14.4"-N. mykreay....., <br /> Douglas J. Wageman, MAI Darren L. Browen <br /> Principal Senior Associate Appraiser <br /> Certified General Real Property Appraiser Certified General Real Property Appraiser <br /> Appraisal License#4003297 MN License No. 20306483 <br /> 4111 <br /> ©2010 by Nicollet Partners <br />