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DAHLEN 5 Di�'YEi� ID�651-2Z3-5�35 JUN 28'uu i5�13 No.003 P.O�I <br />This appraisal has been made subject to certain limiting conditions and <br />assumptions as hereinafter expressed. Such facts and information as contained <br />herein were obtained from sources that 1 consider reliable and are true to the best of <br />my knowledge and belief. <br />A"Phase I Environmental Site Assessment" has not been completed on the <br />subject property as of the date of this appraisal. It is assumed, for purpose of this <br />appraisal, that there are no hazardous materials on or in the property. <br />Information in this report was gathered from sources believed to be reliable, but <br />is not guaranteed. Possession of this report, or a copy thereof, does not carry with <br />it the right of publication nor may it be used for any purposes, except that for which <br />it was requested without the previous written consent of the appraiser and, in any <br />event, only with proper qualification. <br />The following report describes my method of approach, contains data gathered <br />in my investigation, and demonstrates my analysis in arriving at the estimate of <br />market value for the subject property. <br />Respectfully submitted, <br />A LEN & DWYER; INC. <br />� G„��,�--� �' _ _ _ <br />f <br />Daniel E. Dwyer, President <br />Certified General Real Properties Appraiser <br />MN License #4001170 <br />DED/kg <br />D&D File #: 395 <br />