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<br />t ~ ,', e _ <br /> <br />GRAHAM CONSULTANTS ~ <br />e ONE ALLEN CENTER, SUITE 1000 ~ <br />FARM AND LAND <br />HOUSTON, TEXAS 77002 INSTITUTE <br />OFFICE (713) 759-0965; NIGHT (713) 422-2327 m <br />r,EAllOR' <br /> <br />OTIS GRAHAM, AFLM DOROTHY GRAHAM, GRI <br /> <br />December 13, 1977 <br /> <br />City of LaPorte <br />LaPorte, Texas 77571 <br /> <br />Gentlemen: <br /> <br />As you have requested, I have appraised a strip of land 16' X 400' <br />in Block No. 1108, being the alley between 1st Street and 2nd <br />Street, from West J ( W. Fairmont Pkwy.) to West K Street, in the <br />City of LaPorte, Harris County, Texas, and shown on the attached <br />plat. <br /> <br />The purpose of this appraisal was to estimate the Fair Market <br />Value of said property. <br /> <br />In my opinion the highest and best use of Subject Property is <br />commerical. <br /> <br />It is my opinion thst the property appraised has a Fair Market <br />e Value as of December 13, 1977 of <br /> <br />Fee Value: 6,400 s/f @ $0.75 s/f = $4,800.00 <br />Easement Value: 75% of Fee Value = $3,600.00 <br /> <br />Certification: <br /> <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 my <br />knowledge and belief, subject to the limiting conditions <br />herein set forth; that to the best of my knowledge and <br />belief no pertinent information has been overlooked or <br />withheld; and that I have no interest either present or <br />contemplated in the property appraised or in the proceeds <br />to be derived therefrom. <br /> <br />The attached Plat, Appraiser's Qualifications and Contingent <br />& Limiting Conditions are made a part hereof. <br /> <br />Respectfully submitted, <br /> <br />tp;;A:c/ ~_~_ <br /> <br />6tis Graham, AFLM <br />Appraiser <br />e <br />