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May 3, 2021 <br />City of La Porte <br />P.O. Box 1115 <br />La Porte, Texas 77572 <br />RE: Restricted Appraisal regarding the estimated Market Value of portions <br />of Strang Road and Old La Porte Road right of ways situated south of <br />State Highway 225 and west of State Highway 146, La Porte, Harris <br />County, Texas. <br /> <br />Dear Sirs: <br /> <br />In accordance with your request, I have inspected the following described <br />property for the purpose of estimating the Market Value following described <br />property as of the date of this Restricted Appraisal. As per our agreement, the <br />data and analysis is presented in an abbreviated Restricted Appraisal format <br />and is not intended to contain the full analysis. <br /> <br /> BRIEF LEGAL DESCRIPTION OF PROPERTY <br />Known as +-0.6909 acres of land out of a portion of Strang Road right of way <br />and a 3.056 acres of land out of a portion of the Old La Porte Road right of <br />way, both located in the Enoch Brinson Survey, Abst. 5, City of La Porte, <br />Harris County, Texas. (See attached surveys located in the addenda). <br /> <br />I hereby certify that I have personally inspected the property described via a <br />street inspection and that all data gathered by my investigation is from <br />sources believed reliable and true. In preparing this Restricted Appraisal, a <br />study of comparable sales and other related market data was performed. Per <br />instructions from the client the market value indicated reflects the unit value <br />of the subject property before any discounting for use as a public right of way <br />application. This market value indication does not reflect any discounting for <br />use as a public right of way. The client and intended user of this appraisal is <br />the City of La Porte only. The intended use is to estimate the current <br />market value of the subject property of this analysis as described above for <br />internal uses in establishing a market value for the subject property by the <br />client which is the City of La Porte only. This Restricted Appraisal is not <br />intended to be used or relied by a third party. <br /> <br />