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<br />ACCREDiI ED ~I, <br />fARY AND lAMO <br />METI7 UT[ <br />®. <br />OTIS GRAHAM, AFLM <br />December 7, 1978 <br />• • <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 />FLI <br />iARM AND LAND <br />R15TITUTE <br />~ ® ~ <br />DOROTHY GRAHAM, GRI <br />As you requested, I have appraised the alley in Block 787, <br />City of La porte,'Harris County, Texas for the purpose of estimat- <br />ing the Faie Market Value. <br />In my opinion the Highest and best use of the Subject Property <br />is light industrial and/or commerical. <br />It is my opinion that the property appraised had a Fair Market <br />Value as of December 7, 1978 of: <br />16' X 400' = 6,400 s/f Fee Value @ $0.65 s/f = $4,160.00 <br />• Easement Value: 75% of Fee Value = $3,120.00 <br />Certification: <br />I hereby certify that 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 />overlokked 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's Qualification and Contingent <br />and Limiting Conditions are made a part hereof. <br />Respectfully submitted, <br />~,~~r <br />Otis Grahm, AFLNf <br />Appraiser <br />• <br />