Agenda - Council - 09/08/1998 - Laserfiche WebLink

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~9/08/1998 16:10 61263080?5 H£RM~N ~PPR~IS~LS P~GE ~8 HERMAN APPRAISAL SERVICES, INc. REAL ESTATE & BUSINESS VALUATION BROKERAGE AND CONSULTATION 607 MARQUETTE AVENUE SOUTH SUITE 604 M[NNEAPOLIS. MINNESOTA '55402 (612}630-8077 ' ,¢1/~,. t September 8, 1998 '/} ~'~q Mr. William Goodrich, Esquire Ramsey City Attorney Randall, Dehn & Goodrich 2140 Fourth Avenue North Anoka, MN 55303 Re; Market Value Appraisal Restricted Report Format Before and after the fee title taking for sanitary sewer, water, and street purposes Vacant Industrial Property East of Jaspar Street NW and 142nd Avenue NW Ramsey, MN Owners: Bury and Carlson, Inc. PID #s: 27-32-25-34-0005, and 33-0009 City Resolution #: 98-04-069 SENT VIA FACSIMILE AND US MAIL Dear Mr. Goodrich, As you requested, we have estimated the market value of a fee simple interest in the subject real estate both before and after the proposed fee title taking of approximately 2.0718 acres for street and utility purposes. Definitions of market value and fee simple interest are contained in the attached addenda section to this report. A complete description of the subject real estate, comparable data used, and the analyses that led to our damage estimates are retained in our file memoranda. The scope of this appraisal involved the research and analysis of sales of properties considered similar to the subject before and after the taking, to ascertain the impact on value to the subject that results from the taking. We also researched and analyzed zoning, neighborhood, market and other data deemed pertinent to our preliminary value estimates for the subject real estate. This restricted appraisal report presents an estimate of damages to the subject property that results 'from the taking by the City of Ramsey. This report has been prepared in conformity with the requirements of the Uniform Standards of Professional Appraisal Practice (USPAP) adopted by the Appraisal Standards Board of the Appraisal Foundation and the Code of Professional Ethics and the Standards of Professional Practice of the Appraisal Institute. This restricted report is subject to the appraiser's certification and limiting conditions which are attached, and to the following specific requirements, assumptions, and limiting conditions: The valuation of the subject property assumes an "as is" land status and condition as described either within this appraisal report or our file memoranda.