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1 <br />' <br />E. V. DOLAN COMPANY <br />Realtor and Appraiser <br />1180 NORTHERN FEDERAL BUILDING <br />ST. PAUL, MINNESOTA 55102 <br />29 1.7928 <br />' <br />November 24, 1986 <br />Mr. Paul Borg <br />Roseville School District. <br />Independent School District No. 623 <br />1251 West County Road B <br />Roseville, i'li.nnesota 55113 <br />' <br />Dear Mr. Borg: <br />Pursuant to your request I have made an inspection and appraisal <br />the <br />of <br />property located at the southwest corner of Lexington Avenue and <br />County Road B, Roseville, <br />Minnesota, which is known as the Lexington <br />School site owned by Independent <br />School District No. 623 and legally <br />described as: <br />' <br />The North 605.94 feet of the East 660 ft. of the NE 1/4 <br />Of the NE 1/4 of Section 15, Township 29, Range 23, <br />' <br />subject to County Road B. Lexington Avenue. A 25-Foot <br />wide sewer easement running north and south along the <br />west line of the property and a 10-foot bike way easement <br />running north <br />and south along the East line of the property. <br />The fee simple property rights have been appraised to estimate the Market <br />as of November <br />17, 1986, <br />It is rn opinion Y P that the Market Value of the subject <br />property as of <br />November 17, 1986, is the suns of: <br />ONE MILLION ONE HUNDRED THOUSAND DOLLARS <br />( :$1 , 100 , 000 ) <br />' This appraisal has been made e subject to certain limiting conditions as <br />hereinafter expressed. Such facts and information as are contained herein <br />' were obtained from sources t.hlt I consider reliable and are true to the <br />best of my knowledge and belief. <br />' Respectfully submitted, <br />7 <br />E. INCENT DOLAN, M.A.I. <br />EVD:bh <br />1 <br />