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NAGELL APPRAISAL & CONSULTING <br /> 7515 Wayzata Blvd. #115 Minneapolis: 952 -544 -8966 <br /> Minneapolis, MN 55426 St. Paul: 651- 209 -6159 <br /> Established in 1968 Central Fax: 952 -544 -8969 <br /> City of Centerville February 24, 2012 <br /> Attn: Dallas Larson, City Administrator <br /> 1880 Main Street <br /> Centerville, MN 55038 <br /> Dear Mr. Larson: <br /> In accordance with your request, a Restricted Use Appraisal Report (less extensive <br /> collection, verification, analysis and viewing have been used in the valuation approaches, <br /> given the purpose and intended use of the report) has been made on the following described <br /> property: <br /> Subject Property: XXXX County Road 14 <br /> Centerville, MN 55038 <br /> The property is legally described herein. The appraisal assumes that the property meets all <br /> current environmental standards. The appraisal analysis and conclusions are subject to <br /> certain limiting conditions and assumptions described herein. As a result of my appraisal and <br /> experience, it is my opinion that the current before and after market values of the subject <br /> property, as -is condition, as of February 17, 2012, are: <br /> MARKET VALUE OPINION: $8,900 <br /> - <br /> Our company has 12 employees, has been in business since 1968 and has sufficient <br /> knowledge, experience, contacts and resources to competently complete this assignment. <br /> The accompanying report contains data secured from my personal investigation and from <br /> sources considered to be reliable; however, correctness is not guaranteed. To the best of my <br /> knowledge and belief, the statements contained in this report are true and correct. Neither <br /> my employment to make this appraisal, nor the compensation, is contingent upon the value <br /> reported. This report has been prepared in conformity with the code of professional ethics <br /> and standards of professional appraisal practice of the Appraisal Institute and appraisal <br /> standards set forth by Uniform Standards of Professional Appraisal Practice. <br /> Sincerely, <br /> �1 r � <br /> i <br /> Colleen M. Wallert William R. Waytas, SRA, CRP <br /> Appraiser MN 40249801 Certified General MN 4000813 <br /> www.callnagell.com <br /> Nagell Appraisal & Consulting I 952- 544 -8966 I www.callnagell.com 1 <br />