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BCL APPRAISALS <br /> <br />2852 ANTHONY LANE SOUTH, MINNEAPOLIS, MINNESOTA 55418 <br />(612)781-0605 Fax: (612)781-7826 E-mail: info@belappraisals.¢om <br /> <br />RON LACHENMAYER, SPA <br />LESLIE J. (LEE) RACINE, JR., ERA <br />BRAD BIORKLUND, MAI, ERA <br /> <br />REAL ESTATE APPRAISERS <br />& <br /> CONSULTANTS <br /> <br />August 25, 2000 <br /> <br />The City of Ramsey <br />cJo James Norman, City Administrator <br />15153 Nowthen Boulevard Northwest <br />Ramsey, Minnesota 55303 <br /> <br />Re; <br /> <br />Limited & Restricted Appraisal of 44.63 acres industrial land <br />only @ 14280 et al, Sunfish Lake Bird, Ramsey, Minnesota <br /> <br />Dear Mr. Norman: <br /> <br />In response to your request, I have estimated the market value of only the land as if vacant, for that <br />property commonly known as the Waste Mana.qement site. The valuation of any and all building <br />improvements is not made, and the Departure Rule from the Uniform Standards of Professional Practice <br />is invoked. This is a Limited report. Furthermore, the following report, per your request, is Restricted in <br />the manner in which it explains the data, reasoning, and analyses that were used to develop the opinion <br />of value. This report contains statements of my findings only. <br /> <br />Based on a limited inspection and investigation of market forces which set value, I have formed the <br />opinion that as of August 18, and subject to the assumptions and limiting conditions set forth in this <br />report, the estimated Market Value of the land as if' vacant is $1,303,000 as follows: <br /> <br />ONE MILLION THREE HUNDRED THREE THOUSAND DOLLARS <br /> <br />The information presented herein is intended only to provide the city manager, city attorney and council <br />members of the City of Ramsey some assistance in supporting their offer to purchase the site from the <br />property owners. Other users, for any other reason, are not intended. <br /> <br />Respectfully submitted, <br />Eric Bjorklu~ <br />Certified General Real Property Appraiser <br />Minnesota License #-4003154, Expiration 8/31/02 <br /> <br />-4- MORE THAN 100 7F_.ARS FULL APPRAISAL SERVICES EEO/AA <br /> <br /> <br />