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<br />~:-:':;~~'~.E' <br />IIItLu_~.~J:::':~ <br />;',' Ei':AFi ~ \', <br />~. "S".:.~.~'. /: <br />\\:::~~~;! <br /> <br />OTIS GRAHAM, AFLM <br /> <br />GRAHAM CONSULTANTS <br />ONE ALLEN CENTER, SUITE 1000 <br />HOUSTON, TEXAS 77002 <br />OFFICE (713) 759,0965; NIGHT (713) 422-2327 <br /> <br />December 19, 1979 <br /> <br />Mr. J. R. Hudgens <br />City of La Porte <br />La Porte, Texas 77571 <br /> <br />Dear Mr. Hudgens: <br /> <br />(;-- 'F,j - ~ <br />1,\~~:~';U) <br />fARM AND LAND <br />INSTITUTE <br /> <br />". '-,' <br /> <br />"-'-: ,', ~ <br />DOROTHY GRAHAM, GRI <br /> <br />As you requested, I have appraised the parent tracts, being <br />Blocks No. 1132 and 1149, and a ten (10) foot easement, being <br />the western ten feet of said blocks in the City of La Porte, <br />Harris County, Texas for the purpose of estimating the Fair <br />Market Value. <br /> <br />The property rights appraised were the Fair Market Value of <br />the fee simple title. In the accompanying report, you will <br />find the results of my investigation with more details used <br />in arriving at the final value estimate. <br /> <br />Based on the findings in this report, it is my opinion that <br />the property appraised had a Fair Market Value as of <br />December 19, 1979 as follows: <br /> <br />Whole Property: <br />200,000 slf @ $1.90 slf = <br />Part Taken: <br />8,000 slf @ $1.90 slf = <br />Fee Value of $15,200. <br />Easement Value: 50% Fee Value = <br />Remainder Before Taking: <br />Remainder After Taking: <br />192,000 slf @ $1.90 slf = <br />8,000 slf @ $1.90 slf X 50% = <br /> <br />Damages <br /> <br />Total Compensation: <br />Easement Value <br />Damages <br /> <br />TOTAL <br /> <br />Respectfully submitted, <br /> <br />rtt;; A:L :' <br />Bfis Graham, AFLM <br />Appraiser <br /> <br />ii <br /> <br />$380,000. <br /> <br />$7,600. <br />$372,400. <br /> <br />$364,800. <br />7,600. <br />$372,400. <br />-0- <br /> <br />$7,600. <br />-0- <br />$7,600. <br />