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ACCREDITED <br />• FARM - ZT-rnTE <br />OTIS GRAHAM, AFLM <br />March 30, 1978 <br />GRAHAM 'CONSULTANTS <br />ONE ALLEN CENTER, SUITE 1000 <br />HOUSTON, TEXAS 77002 <br />OFFICE (713) 759-0965; NIGHT (713) 422-2327 <br />City of La Porte <br />La Porte, Texas 77571 <br />Gentlemen: <br />REA,,11, <br />DOROTHY GRAHAM, GRI <br />As you requested, I have appraised a strip of land 16" X 399.8, <br />in Block 686, being the alley between North "A" and North "B" <br />Streets and East of Fourteenth Street and West of Thirteenth <br />Street in the City of La Porte, Harris County, Texas, and as <br />shown on the attached plat. <br />The purpose of this appraisal was to estimate the Fair Market <br />Value of said property. <br />In my opinion the highest and best use of Subject Property is <br />Commerical and/or light industrial. <br />• It is my opion that the property appraised has a Fair Market <br />Value as of March 30, 1978 of: <br />Fee Value: 6,396.8"s/f @ $0.45 s/f = $2,878.56 <br />Easement Value: 75% of Fee Value = $2,158.92 <br />Certification: <br />I hereby certify.t&at I have personally examined the <br />property appraised; that the statements contained in <br />this appraisal and upon which the opinions expressed <br />herein are based are true and correct to the best of <br />my knowledge and belief, subject to the limiting con- <br />ditions herein set forth; that to the best of my know- <br />ledge and belief no pertinent information has been <br />overlooked or withheld; and that I have no interest <br />either present or contemplated in the property appraised <br />or in the proceeds to be derived therefrom. <br />The attached Plat, Appraiser Qualifications and Contingent & <br />Limiting Conditions are made a part hereof. <br />Respeecc�tfull submitted, <br />Otis Graham, AFLM <br />• Appraiser <br />