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<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />APPRAISAL OF: <br /> <br />City of Arden Hills Tract <br />Southeasterly Quadrant I-3SW and Highway 96 <br />City of Arden Hills <br />Ramsey County, Minnesota <br /> <br />PURPOSE OF APPRAISAL: <br /> <br />. <br /> <br />The purpose of this appraisal is to estimate the market value of <br />the subject property's real estate only. <br /> <br />FUNCTION OR USE OF THIS APPRAISAL: <br /> <br />It is my understanding that the function or use of this appraisal <br />lS as a basis for a possible sale of the property. <br /> <br />SCOPE OF THE REPORT: <br /> <br />Our data gathering and analysis procedures are based on <br />inspection of the subject property. Data for cost <br />comparable sales and income and capitalization analysis <br />all available sources. These typically include <br />confidential data contained in our files, data from <br />exchanges, courthouse records and data obtained from <br />including data on the subject itself. <br /> <br />The analysis includes establishing the <br />valuation of the Cost, Market and Income <br />whichever of these are appropriate. <br /> <br />. <br /> <br />an on-site <br />analysis, <br />comes from <br />all non- <br />information <br />individuals <br /> <br />most probable use and <br />(economic) Approaches, or <br /> <br />CONFORMANCE: <br /> <br />This appraisal is in conformance with the Uniform Standards of <br />Professional Practice (USPAP) including its "departure provision." <br />The reader should understand that only the Market Approach to <br />value has been used In this appraisal, since only land lS <br />involved. <br /> <br />1 <br /> <br />. <br />