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. . TELEPHONE (713)422 471 1 <br />NIGHT (713)422-2327 <br />Wtij !qra4am- Realtor <br />POST OFFICE BOX 431 BAYTOWN, TEXAS 77520 <br />November 3, 1975 <br />City of LaPorte <br />LaPorte, Texas 77571 <br />Gentlemen: <br />As you have requested, I have appraised a strip of land <br />16'x400' in each of Blocks No. 652 and 681, being the alley <br />between 15th Street and 16th Street, from West Adams Street <br />to West Tyler Street and from West Tyler Street to West <br />Madison Street, LaPorte, Harris County, Texas, -and as shown <br />on the attached plat. <br />The purpose of this appraisal wasito estimate the Fair Market <br />Value of said property. <br />In my opinion the highest and best use of Subject Property <br />is light industrial and/or commercial. <br />• It is my opinion that the property appraised has a Fair <br />Market Value as of November 3, 1975 of <br />Fee Value: 12,800 s/f @$0.20 s/f = $2,560.00 <br />Easement Value: 75% of Fee Value = $1,920.00 <br />The attached Plat, appraiser's Qualifications and Contingent <br />& Limiting Conditions are made a part hereof. <br />Certification: <br />I hereby certify that I have personally examined the <br />property appraised; that the statements contained in <br />this appraisal and upon which 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 of contemplated in the property appraised <br />or in the proceeds to be derived therefrom. <br />Respectfully submitted, <br />Otis Graham, AFLB <br />i - <br />A`e <br />fY� <br />APPRAISALS INDUSTRIAL - COMMERCIAL - ACREAGE'S � <br />SALES <br />