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R.C. Chuoke & Associates, Inc. <br />Appraisers & Consultants <br /> P.O. Box 1447 Office- 281-338-9633 <br /> League City, Texas 77574 Fax- 281-338-9533 <br />November 28, 2016 <br />City of La Porte <br />P.O. Box 1115 <br />La Porte, Texas 77572 <br />RE: Appraisal Report regarding the estimated Market Value of an unimproved <br />tract of land located at 1218 S. Broadway, La Porte, Harris County, Texas. <br />Dear Sirs: <br />In accordance with your request, we have inspected the following described <br />property by way of a personal inspection for the purpose of estimating its current <br />Market Value as of the date of this appraisal in fee simple title. <br /> BRIEF LEGAL DESCRIPTION OF PROPERTY <br />Known as Lots 9 thru 24, Block 1123 and part of the adjacent alleyway, City of La <br />Porte, Harris County, Texas. (land only). Known locally as 1218 S. Broadway, La <br />Porte, Texas. (Survey not available). <br />At our client's request, the results of our investigation and analyses are presented <br />via an Appraisal Report format as permitted by Standard 2-2(a). The scope of <br />this report included researching and analyzing the comparable sales via the <br />Direct Sales Approach-Land. <br />We did not make a personal inspection of the subject property. All data gathered <br />by my investigation is from sources believed reliable and true. <br />Effective Date of Report: November 28, 2016 <br />Effective Date of Appraisal: November 17, 2016 <br />Date of Inspection: November 17, 2016 <br />1 <br /> <br />