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Certified Appraisal Services, Inc <br />13016 Owatonna St. NE <br />Blaine, Minnesota 55449 <br />February 22, 2007 <br />A <br />3 <br />i <br />.1 <br />'7 <br />.:J <br />z <br />J <br />The City of Ramsey <br />7550 Sunwood Dr NW <br />Ramsey, MN 55303 <br />Re: Property:. 5660157th Ln NW <br />Ramsey, MN 55303.5943 <br />Client The City of Ramsey <br />File No.: 07FES22D <br />In accordance with your request, we have appraised the above referenced property. The report of that appraisal is attached. <br />The purpose of this appraisal is to estimate the market value of the property described in this appraisal report, as improved, i <br />unencumbered fee simple title of ownership. <br />This report is based on a physical analysis of the site and improvements, a Ideational 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 />The value conclusions reported are as of the effective date stated in the body of the report and contingent upon the cer6ficatir <br />and limiting conditions attached. <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 servio <br />to you. <br />Sincerely, <br />David C. Hugheg <br />