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<br />Certified Appraisal Services, Inc <br />13016 Owatonna St NE <br />Blaine, Minnesota 55449 <br /> <br />February 22, 2007 <br /> <br />The City of Ramsey <br />7550 Sunwood Dr NW <br />Ramsey, MN 55303 <br /> <br />Re: Property: 5860 157th Ln NW <br />Ramsey, MN 55303-5943 <br />Client The City of Ramsey <br />File No.: 07FEB22D <br /> <br />::j <br /> <br />In accordance with your request, we have appraised the above referenced property. The report of that appraisal is attached. <br /> <br />c" <br />;j <br /> <br />The purpose of this appraisal is to estimate the market value of the property described in lhisappraisal report, as improved. i <br />unencumbered fee simple tITle of ownership. <br /> <br />c'") <br />, " <br />J <br />"::f <br />:<1 <br /> <br />This report is based on a physical analysis of the site and improvements, a locational analysis of the neighborhood and city, <br />and an economic analysis of the market for properties such as the subject The appraisal was developed and the report was <br />prepared in accordance with the Uniform Standards of Professional Appraisal Practice. <br /> <br />.:"'1 <br />-:::i <br /> <br />The value conclusions reported are as of the effective date stated in the body of the report and contingent upon the certificatil <br />and limiting conditions attached. <br /> <br />It has been a pleasure to assist you. Please do not hesitate to contact me or any of my staff if we can be of additional servicl <br />to you. <br /> <br />Sincerely, <br /> <br />W.....:.Q c. /1~ <br />David C. HU9hel <br /> <br />..1 <br /> <br />"'-1 <br /> <br />i <br />j <br /> <br />] <br /> <br />'''I <br />j <br /> <br />..J <br /> <br />~ <br />,:,j <br /> <br />" <br />j <br />, <br />