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Dahlen, Dwyer `c� Foley, Inc. <br />55 �AST 5TH STREET • SUlT� 1350 • ST. PAI,EL, MINNESOTA 5510i •(651 j 224-1381 • FAX (fi51) 223-5738 <br />DWIGHT W. DAHL�N, MAI, S�3EA <br />DANIEL E. DWYER <br />SEAN M. FO�EY <br />JEFFREY A. �AHLEN <br />JANE E. WAMMES <br />1NICHAEL T. TINKER <br />BRIAN W. [7A1ilEN <br />January 28, 2009 <br />Mr. F'a-tr�cic Truc�geon, AiCP <br />Corr�;��nity Development Director <br />City of RoseviEle <br />26�D Civic Center Drive <br />Rose�r�lle, MN 55113 <br />RE: Hagen Ventures, LLC <br />A Truck T�rmi�allDistribuCion Facifity <br />2785 �airview Avenu� N <br />Rose�ille, MN �5 i 13 <br />D�ar �€�. E ru��,uorz: <br />!n acc�rclance with your rec�uest, ( hav� prepared a"Complete Summary <br />App��isal' on the prop�rty located at 2i85 Fairview A�enue N in Roseville, <br />Mi�nesota. The property consists of a 43,088 SF truck terminalldistribution �acility <br />havinc� approximately 13.4% o##ice space alor�g with a 10,975 S� main'tenance <br />buildir�g iocated irnmediately to the north of the termi�alldistribution building. The <br />GBA �or bath bui�dings tatais 54,063 SF. The i�nprovemen#s were constructed in <br />196G with an addition to the firuck terrninal/distrif�utior� facili�y in 1989. The site is <br />rect�ngular in shape and contains a total of 7.4�1 acr�s or 322,780 SF, Zoning is I-1 <br />or Light Industrial District. The �ioseville Cornprehensi�e Plan has the sukaj�c� <br />property guided BP or Business Park. <br />The purpose of this a�praisaf is to detern�ine tf�e loss ir� market va�ue to the <br />pro�er�y due to the City of Roseville's Twin C.akes Roadway Praject. Th�s project <br />incEudes taking of raad r+ght-of-way, taking of a remnant strip, temparary easements, <br />a�d taking of the truck maintenance facility along wit}� the 1989 additian to the <br />terminalldistribution facility. <br />This appraisal has been prePared in conformance with �InDQT's "�igf�� af-[/!/ay <br />Manua�" datecf January 10, 2042 and US DOT's 49 CFR Part 24. Based upon my <br />inspection o�F the property, and ir� consideration of the City af Roseville's takings fior <br />t�e Trrvin �akes goadway Praject, I ha�e de�eloped the foffowing opinions of vafue for <br />the property as of December 19, 2008: <br />REAL ESTATE APPRAISALS • COA3SULTATIQN • EXPERi WITNESS • hhARKET RESEARCH <br />