03-28-13 Zoning Board of Adjustment Meeting

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R.C. Chu®ke & Associates, Inc. Appraisers & Consultants P.O. Box 1447 Office- 281-338-9633 League City, Texas 77574 Fax- 281-338-9533 January 17, 2012 City of La Porte P.O. Box 1115 La Porte, Texas 77572 RE: Restricted Use appraisal regarding the estimated Replacement Cost of the main building improvement located at Soo West Main Street, La Porte, Harris County, Texas. Dear Sirs: In accordance with your request, we have inspected the following described property by way of an inspection from the public street for the purpose of estimating its Replacement Cost new less land value and ancillary site improvements. As per our agreement, the data and analysis is presented in a brief restricted use format. BRIEF LEGAL DESCRIPTION OF PROPERTY The main building improvements located at the property known as Lot 22 thru 23, Block 56, Town of La Porte, Harris County, Texas. Known locally as 500 West Main Street, La Porte, Texas. (Real Property Improvements only less ancillary site improvements). We hereby certify that we have personally inspected the property described via an exterior inspection from the public street and that all data gathered by my investigation is from sources believed reliable and true. In preparing this restricted report, we estimated the replacement cost new of the main property improvements only. It should clearly be understood that this letter only constitutes only a statement of the estimated replacement cost of the main site improvements only and that does not presume to be the complete analysis of the subject property nor a complete appraisal report format.