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ACCR~E~D'IyTED <br />4-~Y~~ <br />iANM AND IAND <br />MSTITUT[ <br />~. <br />OTIS GRAHAM, AFLM <br />r;ay 18 , 19 7 9 <br />~RAHAM CONSULTANTS <br />ONE ALLEN CENTER, SUITE 1000 <br />HOUSTON, TEXAS 77002 <br />OFFICE (713) 759.0965; NIGHT (713) 422-2327 <br />City of LaPorte <br />LaPorte, Texas, 77571 <br />Gentlemen: <br />FLI <br />~: ~~ } <br />iARM AND IAND <br />MSTITUIE <br />DOROTHY GRAHAM, GRI <br />As you requested, I have appraised a strip of land 79.63' and <br />113.94' ?~ 1G' in Block No. 13, being. the alley in said Block No. <br />13 and the alley is from Nugent Street to East "F" Street, in <br />the City of LaPorte, Harris County, Texas and is shown on the <br />attached plat. <br />The purpose of this appraisal was to estimate the Faie Market <br />Value of said property. - <br />In my opinion the highest and best use of Subject property is <br />in connection with the adjacent single family residences. <br />It is my opinion that the property appraised has a Fair Market <br />Value as of May 18, 1979 of: <br /> <br />1,549 s/f @ $0.70 s/f = $1,084.30 Fee Value <br />75% of Fee Value = $813.23 Easement Value <br />Certification: <br />I hereby certify that T have personally examined the <br />property appraised; that the statements contained in <br />this appraisal and upon tahich 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 />'Respectfu ly submitted, <br />/'~ ~~' <br />C3tis Graham, AFLM <br />Appraiser ~~ <br />• <br />