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<br />CertlfiooAppraisalSef\'ices.lnc <br />13016DwalOnnaSl.NE <br />Blaille, Minnesota 55449 <br /> <br />February 22,2007 <br /> <br />lhe Cilyof Rilmsey <br />75S0StmwoodOrNW <br />Rilmsey,MN55303 <br /> <br />Re: Properly: 5B60157tllLnNW <br />Ramsey,MN55303.5943 <br />Ciienl: TheCilytlfRamsey <br />Ale No.: 07FEB22D <br /> <br />I <br /> <br />InaCCDl[lan~wilhYourrequest,wehaveappraisedtl1eabDVerelerencedproperty. The report llfttlatappraisal is atliIcI1ed. <br /> <br />TheplllJloseollhisappraisaJistoeslimalethsmarlletvalueoflhepropertydesr;rlbedlnthisappraisalreport,asirnJJDWd,i <br />umm::wnlJeredfeesimpletilleolownersllip. ' <br />Tliisreport is based lII'I a pIlysicalanalysis tlflheslle and improvements; a iocaliDllal analysisCrltl1e neighbomooo and clIy, <br />andllll economic analysis 1Illtle maltelforproperties such as Ihe subjeCt. Theappmisalwaslfevelopedan~lherePDrtwas <br />prepar:dinatcofllancewilhlheUnilonnStantlardSofProICSSionalAppraisalPraclice. <br />The value condusiortsreported areas afllle efltcliVe lIale staled in the body oflllereportandcontingentuponlhe cert16 calil <br />and limiting condilionsattached. <br /> <br />It has lJeen a PleastrrelDassislytlu. ?lease do nDl hesilatll 10 contact me or any 01 my slafIllwe canlle afadditinnalservic <br />m"", <br /> <br />Sincerely. <br /> <br />W.:..Qc. j)..,!.." <br />Da\idC.Hu!lIU/ <br /> <br />-172- <br />