2B, Trinity Lutheran Church Land Purchase Request

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i r' x. y sr-- THE VALUATION PROCESS a t Property: Three Vacant Residential Parcels r,r Property Address: 90,000 Square Foot Portion Of 3245 New Brighton Cf 1 g on Road k Arden Hills, Minnesota 55112 J, 4 ar rsst Zoning: R2, Single Family& Two Family Residential District r Y Site Area: 20,000 to 50,000 s foot parcels totaling q p g 90,000 square feet a square according to the site plan provided by the owner. These parcels are . part of a 4.55 acre church site. -- {E Personal Property: Not addressed in this appraisal. t Property Identification Numbers: ' 33-30-23-31-0045 r r n,, w Le al Descri tion: fl t` Part Of Lot 33 Lying E & Se Of Line Be On Extended E Line Of Prior Ave & S Line Of S L g d of Th ,a N 173.85 Ft Th Curve R With Radius Of 158.42 Ft For 68.89 Ft Th Ne Tangent To'Sd Curve g f 184.42 Ft Th Curve R With Radius Of 99.11 Ft For 67.29 Ft Th Ne Tangent To Sd Curve For 180 ` Ft To E Line Of Sd Lot 33, Auditor's Subdivision No. 80, Ramsey County,, MN IDENTIFICATION OF PROPERTY RIGHTS TO BE VALUED UED r' y Fee Simple: The subject real estate will be appraised in fee simple interest. Fee simple interest is defined as: absolute ownership unencumbered by any interest or estate, subject only- Y to the limitations imposed by the governmental powers of taxation, eminent domain, police power and escheat' PURPOSE AND INTENDED USE OF APPRAISAL Y7, The purpose of the valuation process is to estimate Market Value (as defined by the Office of rn. fY the Comptroller of the Currency under 12 CFR, Part 34, Subpart C) of the fee simple interest. This appraisal addresses the "as is" condition. .The use of an appraisal is the manner in which a client s the information contained in the employs Y y appraisal report. A value estimate may be used to determine price, amount of loan, basis for taxation, terms of a lease, eminent,domain,.etc. 4c t 4 ` The Appraisal of Real Estate,Thirteenth Edition,pg. 114. aid.. y _ 3,.