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• <br />3 • <br />~~'~~ <br />GRAHAM CONSULTANTS <br />ONE ALLEN CENTER, SUITE 1000 <br />HOUSTON, TEXAS 77002 <br />OFFICE 1713) 759-0965; NIGHT (713) 424-2935 <br />OTIS GRAHAM. AFLM <br />May g, 1984 <br />City of La Porte <br />P. 0. Box 1115 <br />La Porte, Texas 77571 <br />Dear Council ?Members <br />DOROTHY GRAHAM, GRI <br />As requested, I have appraised a strip of land 60 feet by <br />400 feet, being.l7th Street between Blocks 1177 and 1178, <br />City of La Porte., Teas for the purpose of estimatir_g the <br />Fair Market Value. <br />In my opinion the highest and best use for Subject property <br />is light industrial. <br />It is my opinion that the property appraised had a Fair <br />Market Value as of Play 9, 1884 as follor:s: <br />Fee Value: <br />~6' X 400' = 24,000 s/f C~ X0.35 s/f = $8,400.00 <br />Easement Value: 75~ of Fee Va_lye ($8,400.00) _ X6,300.00 <br />Certification: <br />I hereby certify that I have personally examined the <br />property appraised: that the state:~ents contained in <br />this appraisal and upon which the opinions expressed <br />herein are based are true ar_d correct to the best of <br />my ltinowledge and belief, subject to the limiting con- <br />ditions herein set forth; that to the best of my <br />kr_owledge and belief no pertinent information has <br />been overlooked or withheld; that neither the employment <br />to made this appraisal nor the compensation is contingent <br />upon the value of the property; and that I have no <br />interest either present~or contemplated in the property <br />appraised or in any proceeds to be derived therefrom. <br />The attached Plat, Appraiser's ~?ualifications, and Contingent <br />& ~~imiting Conditions are made a part hereof. <br />Respectfully submitted, <br />~~~ , <br />d ~~~ <br />Otis Graham, AFLM <br />Appraiser <br />,~:, ~ i <br />1 <br />~ 7 <br />~~ <br />