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v <br />U&M LE <br />1260 NORWFST CENTER TOWER 0 ST. PAUL, MINNESOTA 5511011 a (612) 224-1381 a FAX (612) 223-5736 <br />C-TY,f FNAT A s2MIz <br />0 4 <br />i I <br />Mr. Craig Wlail�droin <br />I <br />Dii,relcito�r of Economic Development <br />City of Roseville <br />1 <br />2660 Cilvici Center Dri've <br />1h <br />Roseville, Minnes�otai 51511-3 <br />i <br />R,E 99 Glacier Park Company <br />24171 Cleveland Avenue N <br />Roseville,, Minnesota <br />a <br />zi#J1, ow C; Z X <br />At your r,eq�ulesit I have reviewe�d my appiraisa�l on the above referenced <br />eirmine. ca market <br />p�ro,perty dated Ocito�bler 1 o 1 9�85. The purploisei of'this, review, is to det <br />Vallue range for the property as of March 61,, 199�2, <br />I <br />-Mairket value is defined as the most piroba,ble price in terms of money <br />I a I arike�t under all conditions <br />ng in a com i <br />which a pirop,eirt,y, will bri petutive and open m <br />Ing <br />e prudentlyt knowledgeably,, and <br />requis,i�te to a fair sale, the buyr and selleri each cit <br />assuming,the price is not affected by und,u�e stimulus <br />Implicitin the definition of market value is that paymentisi made in cash <br />ia,llent of cash is, convent"onal finandng at banklinstitutional <br />or its, equivalenti. Th�e equi�v <br />rates., T'h�e market value ra�n�ge reported herein i's based u�pon cash or cash equivalent <br />financing. <br />