1978-09-06 Regular Meeting - Laserfiche WebLink

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(ADCCREDITED GRAHAM CONSULTANTS • ONE ALLEN CENTER, SUITE 1000 HOUSTON, TEXAS 77002 OFFICE (713) 759-0965; NIGHT (713) 422-2327 OTIS GRAHAM, AFLM August 15, 1978 City of La Porte La Porte, Texas 77571 Gentlemen: FLI FARM AND LAND INSTITUTE 1 DOROTHY GRAHAM, GRI As you requested, I have apprised the three parcels of land listed below for the purpose of estimating the Fair Market Value of said property. In my opinion the highest and best use of the Subject Tracts is light industrial and/or commerical. It is my opinion that the property appraised had a Fair Market Value as of August 15, 1978 as follows: Block 761: The Whole Alley: 16' X 400' = 6,400 s/f @ Fee Value of $0.65 s/f = $4,160.00 Easement Value: 75% of Fee Value = $3,12.0.00 Block 762: The Whole Alley: 16' X 400' = 6,400 s/f @ Fee Value of $0.65 s/f = $4,160.00 Easement Value: 75% of Fee Value = $3,120.00 That part of S. 17th Street From W "B" Street to W "C" Street: 60' X 400' = 24,000 s/f @ Fee Value of $0.85 s/f=$20,400.00 Easement Value: 75% of Fee Value =$15,300.00 Total Fee Value of the above three tracts =$28,700.00 Total Easement Value of the three tracts =$21,540.00 Certification: I hereby certify that I have personally examined the property appraised; that the statements contained in this appraisal and upon which the opinions expressed herein are base are true and correct to the best of my knowledge and belief, subject to the limiting; Con- ditions herein set forth; that to the best of my knowledge and belief no pertinent information has been overlooked or withheld; and that I have no interest either present or contemplated in the property appraised or in the proceeds to be derived therefrom. The attached Plat, Appraiser's Qualifications and Contingent and Limiting Conditions are made a part hereof. • Respectfully submitted, Ots raham, AFLM Appraiser