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DWIGHT W. DAHLEN,,MAI, SREA <br />DANIEL E. DWYER <br />BEVERLY H. DWYER. <br />MICHAEL J. BETTENDORF, MAI <br />MARC E. KNOCHE <br />DAHLEN & DWYER, INC. <br />1260 NORWEST CENTER TOWER • ST. PAUL, MINNESOTA 55101 • (612) 224-1381 <br />October 7, 1988 <br />Mr. Craig A. Waldron <br />Director of Community Devr.l.opment: <br />City of Rosevi.l l.e <br />2660 Civic: Center I)riv(-., <br />Roseville, MN 55113 <br />' <br />RE: One Acre Tract. <br />Lexart Addition <br />Rosevi l.Le, Minnesota <br />' <br />I)ear Mr. Waldron: <br />In accordance- with your request, I. have made an inspection <br />and an appraisal of a one acre vacant tract of Land located at <br />' <br />the northwest cc:rr)er of Lexington Avenue and Eldridge Avenue in <br />Roseville, Minnesota. <br />' <br />`.I'he purpose of this appraisal is to est.imate t:ho market: <br />value of fee simple interest: in the property. Lt is the <br />intention of the City of Roseville to purchuse this one acre <br />' <br />tract from the: developer of Lexart Addition. <br />Thereforn, aft.er a thorough analysis of all E'ac.t.oc•s, it is <br />the opinion of your appraiser that the rollowing value is <br />applicable the subject. property as of September 26, 1.988: <br />SEVENTY TWO THOUSAND DOLLARS <br />72 000 <br />`rhis appraisal, has been made subject to certain l i.miting <br />conditions and assumptions 11S hE:reinaft.er expi OlUS0d. Such t'ac:t.s <br />a nd inl'ormat ion contained herein W-re obt.ained from sources that: <br />I cons:ide-r reliable and are true to the best. of any knowledge and <br />be.l ie f. <br />1 <br />