CCP 02-21-2006 - Laserfiche WebLink

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PROPERTY IDENTIFICATION . The subject of the appraisal is a land parcel located on the south side of State Highway 96 just west of Hamline Avenue in Arden Hills, Ramsey County, Minnesota. The site is the former Arden Hills Public Works Facility, addressed 1450 West Highway 96. Photographs and maps elsewhere in this report depict the property. The property tax parcel number is 22-30-23-21-0141. LEGAL DESCRIPTION The following legal description for tax parcel 22-30-23-21-0141 was obtained from Ramsey County: Except the East 253 feet, the North Y, of the Northeast Y, of the Northwest Y, (subject to roads and easements) in Section 22 Township 30 Range 23, Ramsey County, Minnesota PURPOSE/INTENT OF THE APPRAISAL The purpose of the appraisal is to provide a supported opinion of the market value of the subject land, as if vacant. The property is appraised under the hypothetical condition that the land is vacant and not improved with any buildings. The opinion of value, as stated in this report, is based upon the definition of market value contained herein. The date of valuation is January 28, 2006 which is the date of the property inspection. The appraisal is made at the request of the City of Arden Hills which is the intended user. The intended use of the report is to provide a value opinion for the City of Arden Hills to assist in marketing the property for development. . PROPERTY RIGHTS APPRAISED The property rights appraised are those of the fee simple estate. The source of the following definition of fee simplc estate is page 113 of the Dictionarv of Real Estate Appraisal. fourth edition, published in 2002 by the Appraisal Institute: "Absolute ownership unencumbered by any other interest or estate, subject only to the limitations imposed by the governmental powers of taxation, eminent domain, police power, and escheat. " .. BRKW APPRAISALS, INC. PAGE 10