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<br />JanUary 10, 2005
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<br />C~minerCial& Indisfriaj
<br />Ma"hineryp. Equipmm! '
<br />. App,aisal Specialist: '
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<br />Mr. Bill1'schida , " ,',
<br />, " Saint Paul Regio~ Water Services'
<br />Engmeering ~ection , " "
<br />,'190QRice street " , ,
<br />St. Paul; MN 55113c6810
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<br />~;, , "two smgle fiimilj lot~ with" ,'" "
<br />- one lo(iplprovedw:ith adwellil)g-
<br />, l(,OlLariiotte Diive ' " " "
<br />'.., , . " Centerville& 'Lint; LakesMN .
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<br />. '. '.. " .J>Ursuanqo, your ,feqll~st;we miyepiepal:ega:J.~I(Nari:afiveYapprais~Qft\1eab(lve '_ ' '
<br />J ,,' ~efetenc&i propeftyfor~~pfu:pos~'ofpr?Yf?~an:~~iillo~(Jrtb,e-:~utr~ll,t~l\tk~~yaw:~: ,,'J.>:
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<br />1 ',' ",The opWWofVaIue as'stat~jn@sr~PQt(i{ptWl;litecl1ipo1l.tIiedetiniti9ngfmarket
<br />'1 . ,," v~iIe l)(JIlh;i~ed hei(:in.JinpliciOnthe g~fiilitiQn ~rtn~t~etyaiijri~th~(paYm~*P~!l1li~eincash "
<br />-. ':Qrits,equiYatency. The eqj1ivli1encyof easb:is'<:ollve.ntl9na1 finanqilJ'i.i\tb<ink!instifution31 F;ites: " ,.
<br />1 .' .'I'ht;s~bj~ct propero/iSllPpraiS~,iiliSe9~p'~)I9sIio!'eg~~iai~~t ~ihi(' . . <: .,
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<br /><:o'; '.., - - . The pwpetty'rights appraiSed consisn~f.titl~in'fee'~imple:.'~' ',' .' .' ..', - . ..'
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<br />f',.' '. - . . 'Asa'I~S~1tcif~tir~'~vestiiafion)Ve~liYef~,t~d ~~ :ci;illjprr~llleVlt1~eif iJi~silbject'." ,'" . ,
<br />,,; d, -property' "as is vacant" as ufJanuiiry 5, 200Sand, ~ased~n ~ marketing' expOiiureperlod 'of oJie ., .,
<br />.t. year~'is:".." . , . "'. . -,"'. ";'. -. .... ,..' --; '.'., .:..,
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<br />, .' ". - ., ,,'. '..PARCEL'll; $33600-0 . , , ' . ,
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<br />I,:. ' '.' , ..' '.. " ,', ' _,r~~~,~:-<~~~~~909 "';", ....... ._ ,-;. ... ,.:, ,",.
<br />. ,".' ,....., , TP-ellU4~rsignedcertitiestlia:t'~e ~per~()nally~p~cte4!h~,sul:l.l~ct prOP~Wand t1i;ittllls, ".,
<br />I , ,'!lppririsalIs made &ubject tocert;lln Ij;qjit~gcoIlllitioJ:lS lij1d, lISsumpttons' as hereinllftetexpreSs~d., .
<br />l'Filctsaild infonrtationcontainedhereiri Wer~ 6btailled#-oln-sour~sthatWe cOrlside,red reliabkand: -,
<br />';-aretruet6thebestofomlo:i()\yI6dgeapd,belie('/, .' ,,' . '.'
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<br />.. This ipprai~i1~~ cOlIlpli~s 'witQ trSPAP~d ~l\.~~4~:: '.." ' . .
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<br />1-. . "Th~ following r~PQrtdesciibeso~metQ;dS:Of'a}J;r~:b~, c;:ta~' datag~er~~ ipiour,
<br />. . , ". .investigirtio:Q., and1emOnStrates (J~ anil~~si:si!i a1Tivfug.:atthe;estimationofJJIal"kdvlil)ieJoi:fu~' ".
<br />[.,>~Ubje~tProp~rti. '., '." .... ".:,<".,':,',>,0':' ..' "."<_:' .... .........
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<br />:R~p.ectrully !l i:lIllltted;' , ., ',' ,,'\ ..
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<br />, . _ ;gent. MAl ,_, , .,~
<br />Ce -fie .General Real PropeIiY Appraiser
<br />e#4Q01499 ' .
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<br />. '. , ORlON .APPRAISALS, ING ;. . , .
<br />3495 Wi/1m>> 14h Blvd. -Suite.ibO- St. PauOWi551io
<br />(651) 636,1339 - Fax (651) 636,2133"(80b)274~9677:- ww';'orz'onappraisals.con-i
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