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<br />Board of Water Commissioners Property <br />Vacant Lot at 1601 LaMotte Rd. <br />Valuation Options <br />04/20104 <br /> <br />Option A. City removes pipe <br /> <br />Appraised <br />Value <br />$ 270,000 <br /> <br />ADD <br />Considerations <br /> <br />SUBTRACT <br />Considerations <br /> <br />$ 35,000 <br /> <br />Appraised value of vacant/at with pipe removed (11-05-03) <br />Reduction in value of adjacent/at (04-13-04 Letter of Opinion) <br />$ (20,500) Savings from allowing 130 feet of pipe to remain in place <br />$ 284,500 Purchase Price <br /> <br />Option B. City allows pipe to remain in qround <br /> <br />Appraised <br />Value <br />$ 270,000 <br /> <br />ADD <br />Considerations <br /> <br />SUElTRACT <br />Considerations <br /> <br />$ 35,000 <br /> <br />Appraised value of vacant lot with pipe removed (11-05-03) <br />Reduction in value of adjacent lot (04-13-04 Letter of Opinion) <br />$ (20,500) Savings from allowing 130 feet of pipe to remain in place <br />$ (30,600) Savings from 157 less feet of new pipe to install <br />$ 253,900 Purchase Price <br /> <br />Above purchase prices assume 2004 closing date. <br /> <br />1601 laMotte Valuation Options <br />