Agenda - Council - 06/11/1996 - Laserfiche WebLink

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~g'S CERT~CATION: T~ Appral~r certifies and agrees fi'mt: 1. I have researched the subject market area and have selected a minimttm of three recent sales of properties most similar and proxSn'mte to the subject property for consideration in the sales comparison analysis and have made a dollar adjustment when appropriate to reflect the market reaction to those items of significant variation. If a significant item in a comparable property is superior to, and more favorable thank the subject property. I have made a negative adjustment to reduc~ the adjusted sales price of the comparable anck if a significant item in a comparable property is inferior to, dot less favorable than the subject property. ! have made a positive adjustment to increase the adjusted sales price of the comparable, 2, I have taken into consideration the factors that have an impact on value in my development of the estimate of market value in the appraisal report. I have not knowingly withheld any significant information from the appraised report and I believe, to the best of my knowledge, that ali statements and information in the appraisal report are true and correct, 3, I s-tated in the appraisal report only my own personal, unbiased, and professional analysis, opinions, and conclusions, which are subject only to the contingent and limiting conditions specified in this form. 4. I have no present or pros'l:y~Jve interest in the property that is the subject to this report, gtd I have no present or prospective personal interest or bias with ~ to thc participants in thc transaction. I did not base, either partially or completely, my analysis and/or the estimate of market value in the appraisal rcport on the race, color, religion, ~ handicap, familial status, or national origin of either the prospective owners or occupants of the subject property or of thc present owners or occupants of the properties in the vicinity of the subject property. 5. I have no present or contemplated future interest in thc subject property, and neither my current or future employment nor my compensation for performing this appraL~d is contingent on the appraised value of thc property. 6. I was not required to report a predetermined value or direction in value that favors the cause of the client or any related party, the amount of the value estimate, thc attainment of a specqfic msulh or the occurrcnco of a subsequent event in order to receive my compensation and/or employment for performing the appraisal. I did not base the appraisal report on a requested m/nimum valuation, a specific valuation, or thc nccd to approve a sp~ch"ic mortgage loan. 7. I performed this appraisal in conformity with the Uniform Standards of Prof~;sional Appraisal Practice that were adopted and promulgated by the' Appraisal Standards Board of Thc Appraisal Foundation and that were in place as of the effective date of th/s appraisal, with thc exception of thc departure prov~ion of those Standards, which docs not apply. I acknowledge that an estimate of a re~.onablc time for exposure i the open market is a condition in the deEm/lion market value and the cs~nate I developed is consistent with the marketing time noted in the neighborhood section of this report, unless I have othcrwlse stmed in the reconciliation scion. 8. I have personally inspected the inter/or and e~er/or areas of the subject property and the exterior of all propcrt/es li~ed as comparables in thc pppmisal report. I further certify that ! have noted any apparent or known adverse conditions in the subject improvements, on the subject site, or on any site within the immediate vicin/ty of thc subject property of which I am aware and have made adjustments for thc~: adverse.conditions i my analysis of the property value to the cx~nt that I had market evldenc~ to support them. I have also commenled abou! the cffc~q, of the adverse conditions on the marketability of the subject property. 9. I pe~oonally prepared all conclusions and opinions about the real estate that were se[ forth in the appraisal repo~ If I relied on significant professional assistance fi.om any individual or individuals in the performance of the appraisal or the preparation of the appraisal re'port, I have named such individual(s) and disclosed the specific tasks performed by them in the reconciliation section of this appraisal repo~ ! certify that any individual so named is qualified to perform the tasks. I have not authorized anyone to make a change to any Rem. in thc rc~rt; therefore, if an unauthorized change is made to the appraisal report, I will take no responsibility for it. SUPERVISORY APPRAISER'S CERTIFICATION: If a supervisory appraiser signed the appraisal report, he or she certifies and agrees that: I directly supervise thc appraiser who prepared thc appraisal report, have reviewed the appraisal report, agree with the statement and conclusions of the appraiser, agree to be bound by the appraisers certifications numbered 4 through 7 above, and am taking full responsibility for the approi~l and the appraisal repo~ ADDRESS OF PROPERTYAPPRA2SED: 15220 St. Francis Blvd. N. W., Ramsey, MN '55303 APPRA/SER~ L Name: Thomas O. Holker, Sr. / Date Signed: ~y 31, ~ State Certification #: or StateLiccns~ #: 4002152 State: Minnesota Expixation Date of Certification or License: SUPERVISORY APPRA3SER (only if req~red): Signature: Name: Date signed: State Certification #: or State License #: State: 8/31/96 Expiration Date of Certification or License: I I I I __Did Did Not Inspect Property Freddie Mac Form 439 6-93 Page 2 of 2 Fannie Mae Form I004B 6-93 I 356, I I