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Mr. Ron Moorse <br />September 21, 1984 <br />Page 3 <br />The opinions of value as expressed are predicated on the definition of <br />market value. Market value is defined as the highest price in terms <br />of money which a property will bring in a competitive and open market <br />under all conditions requisite to a fair sale, the buyer and seller, <br />each acting prudently, knowledgeably and assuming that the price is <br />not affected by undue stimulus. <br />We are forwarding to you our value conclusions in letter <br />form as an aid in expediting this matter before the Roseville City <br />Council. A formal appraisal report is in the report willess of being be forwardedptopyoud <br />and should be completed shortly. This rep <br />at our earliest possible convenience. <br />Should you have any questions regarding this matter, please <br />do not hesitate to call. <br />Yours very truly, <br />LAHL�IEN & DWYE CIINC\. <br />Daniel E. Dwyer l <br />President <br />DED/gt <br />