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<br />,; <br /> <br />R.C. Chuoke& Associates, Inc. <br />Appraisers & Consultants <br /> <br />P.o. Box 1447 <br />League City, Texas 77574 <br /> <br />Office- 281-338-9633 <br />Fax- 281-338-9533 <br /> <br />December 30, 2004 <br /> <br />RECEIVED <br /> <br />JAN on e ?f!rJ"i <br />\(j \(]I r. ','U.J <br /> <br />Rene Ibarra <br />City of LaPorte <br />P.O. Box 1115 <br />La Porte, Texas 77572 <br /> <br />PLANNING DEPT. <br /> <br />RE: Limited/Restricted appraisal regarding the Market Value of portions of <br />alleys in Blocks 349, 351, & 352 and a portion of the street right of ways <br />. located in. parts of North 1st Street' and North "G" Street,.. Town. of La' <br />Porte, Harris County, Texas. <br /> <br />Dear Rene: <br /> <br />In accordance with your request, I have inspected the following describe<i <br />prop_~rty for the purpose of estimating the Market Value following described <br />property as of the. date of this letter in fee simple title. As per our agreement, <br />the data and analysis is presented in a brieffonuat and the report does deviate <br />from the USPAP as permitted upon agreement between client and appraiser. <br /> <br />B./lEEF LEGAL .lJESC./lEPrION OF PHOPEH7r <br /> <br />Known as portions of alleys in Blocks 349, 351,& 352 and portions of a street <br />right of way located in a portion of North 1st Street (60' X 860') lying between <br />the south right of way line of North "H" Street and the north right of way line <br />of Barbour's Cut Blvd and also the portion ofNorth"G" Street (60' X 592') <br />lying between the easternmost right of way line of 2nd Street and the western <br />most right of way line of North Broadway, Town of La Porte, Harris County <br />Texas. (see map in addenda). <br /> <br />I hereby certify that I have personally inspected the property described via a <br />street inspection and that all data gathered by my investigation is from <br />sources believed reliable and true. In preparing this letter of opinion, a study <br />of comparable sales and other related market data was performed. <br /> <br />\,:-- <br />