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ALPHA APPRAISAL CO. <br /> 12189 CO'I-rENWOOD ,STREET NW <br /> COON RAPIDS, MINNESOTA 55433 <br /> TELEPHONE: (612) 755-2585 <br /> <br />December 30, 1988 <br /> <br /> William K. Goodrich <br /> 2140 4th Avenue N <br /> Anoka, MN 55303 <br /> <br /> RE: Lot 1, Block 1, HY-10, 3rd Addition <br /> <br /> Dear Mr. Goodrich: <br /> <br /> I submit herewith my Market Value Appraisal Report per your <br /> request of the above captioned property located west of Armstrong <br /> Boulevard and north of 142nd Avenue NW, Ramsey, Minnesota 55303. <br /> <br /> The purpose of the appraisal' is to arrive at a Market Value <br /> Conclusion in Fee Simple Title of the property for the function <br />~'of sale on the open market, were it to be offered. <br /> <br /> In my opinion, the Market Value of the subject property is the <br /> sum of $179,600 (One Seventy Nine Thousand Six Hundred Dollars). <br /> <br /> This conclusion is based upon my personal inspection of the <br /> property on December 29, 1988, and the market conditions that <br /> exist at this date. <br /> <br /> Respectfully Submitted, <br /> <br /> Dennis Montague <br /> <br />Commercial, Industrial & Residential Appraisals <br /> <br /> <br />