1978-02-22 Regular Meeting - Laserfiche WebLink

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GRAHAM CONSULTANTS ONE ALLEN CENTER, SUITE 1000 HOUSTON, TEXAS 77002 OFFICE (713) 759-0965; NIGHT (713) 422-2327 OTIS GRAHAM, AFLM DOROTHY GRAHAM, GRI February 15, 1978 City of LaPorte LaPorte, Texas 77571 Gentlemen As you requested, I have appraised the following three tracts of land The alley (16' X 400°) in Block 2, City of LaPorte The most Southern 150' of the North --South Alley in Block 48, City of LaPorte The most Northern 100' of the 16' alley -in Block 26, City of LaPorte The purpose of this appraisal was to estimate the Fair Market Value of said property. In my opinion the highest and best use of each of the Subject • tracts of land is commerical. It is my opinion that the property appraised has a Fair Market Value as of February 15, 1978 as follows: Block 2: 16' X 400' = 6,400 s/f @ $1.00 s/f = $6,400.00 Fee Value Easement Value: 75% of Fee Value = $4,800.00 Block 48: 16' X 150' = 2,400 s/f @ $1.50 s/f = $3,600.00 Fee Value Easement Value: 75% of Fee Value = $2,700.00 Block 26: 16' X 100' = 1,600 s/f @ $1.50 s/f = $2,400.00 Fee Value Easement Value: 75% of Fee Value = $1,800.00 Total Fee Value of the three tracts = $12,400.00 Total Easement Value of the three tracts = $9,300.00 Certification: I hereby certify that I have personally examined the property appraised; that the statements contained in this appraisal and upon which the opinions expressed herein are based are true and correct to the best of . my knowledge and belief, subject to the limiting con- ditions herein set forth; that to the best of know- ledge and belief no pertinent information has been