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ACCREDITED <br />~ lY-, <br />• FAIIM ANO LAND <br />NSTITUTE <br />®, <br />OTIS GRAHAM, AFLM <br />May 18, 1979 <br />• AM CONSULTANTS • <br />GRAN <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 />DOROTHY GRAHAM, GRI <br />As you requested, I have appraised a strip of land 209 ft. X <br />16 ft. in Block No. 185 being the alley in said Block that <br />runs from the Northwest to Southeast, in the City of LaPorte, <br />Harris County, Texas and is 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. <br />it is my opinion that the property appraised had a Fair Market <br />Value as of May 18, 1979 of <br />3,344 s/f @ $0.65 s/f = $2,173.60 Fee Value <br />• - 75~ of Fee Value = $1,630.20 Easement Value <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 />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's Qualifications and Contingent <br />& Limiting Conditions are made a part hereof. <br />Respectfully submitted, <br />.' / , D <br />is Graham, AFLM <br />Appraiser <br />• <br />