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THE <br />The five properties include: <br />Table 3: Parcel Exhibit <br />Parcel Exhibit <br />PID Owner <br />28-230005 The City of Ramsey HRA <br />29-140014 The City of Ramsey <br />29-140013 M&W Holding Company <br />29-140010 USCO Corp <br />29-140009 NDS Properties, LLC <br />Table 4: Current Assessed Value <br />PID <br />28-230005 <br />29-140014 <br />29-140013 <br />29-140010 <br />29-140009 <br />Current Use <br />Vacant/Undeveloped <br />Vacant/Demolished c-store <br />Wiser Choice Liquor <br />Pavement Operation <br />Vacant industrial <br />Current Assessed Value <br />N/A <br />N/A <br />NIL $392,100 <br />$298,900 <br />$684,800 <br />Acquisition strategies vary with small deviations in the proposed design, but generally <br />consist of a cost/benefit evaluation of considering a partial taking versus a complete <br />taking. In 20XX, the City of Ramsey evaluated five of the subject properties as part of an <br />eminent domain action that was ultimately abandoned. Prior to cessation of those <br />efforts, however, environmental assessments and appraisals were completed in an <br />attempt to determine value. The table below outlines the valuations from the 20XX <br />effort. <br />Table 5: Appraised Property Value <br />ak <br />PID <br />28-230005 <br />29-140014 <br />29-140013 <br />29-140010 <br />29-140009 <br />200X Appraised Property Value <br />N/A <br />N/A <br />$xxx <br />$xxx <br />$xxx <br />As of the date of this report, the real estate market has seen considerable depreciation. <br />Commercial property values have seen declines ranging from 10% — 40% across the <br />metro, and many would argue that it is impossible to set accurate values today due to <br />the dramatic decline in buyers as well as the volatility of comparable value assessments <br />due to an abundance of bank owned property. Based on these current market <br />conditions, it would be considered advantageous to the project to consider an earlier, <br />City of Ramsey <br />Sunwood Drive <br />LAND FORM <br />Project No. RAM11008 <br />Page 12 <br />