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R.C. Chuoke & Associates, Inc. <br />Appraisers & Consultants <br />P.O. Box 1447 Office- 281-338-9633 <br />League City, Texas 77574 Fax- 281-338-9533 <br /> <br />December 17, 2019 <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 North 2nd Street and North 4th Street both unopened right of ways <br />situated between W. Barbour's Cut Blvd. and H Street, 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 +-1.129 acres of land out of a portion of North 2nd Street and +- <br />1.129 acres of land situated a portion of North 4th Street, both being unopened <br />right of ways between Barbour's Cut Blvd and H Street located in the City of <br />La Porte, Harris County, Texas. (See attached surveys know located in the <br />addenda). <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. <br />It should clearly be understood that this letter only constitutes only a <br />statement of the final value and that does not presume to be the complete <br />analysis of the subject property nor a complete appraisal format and is subject <br /> <br />