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ACCREDITED <br />AND <br />NSTITUTE <br />a®, <br />OTIS GRAHAM, AFLM <br />August 15, 1978 <br />0 <br />GRAHAM CONSULTANTS <br />ONE ALLEN CENTER, SUITE 1000 <br />HOUSTON, TEXAS 77002 <br />OFFICE (713) 759-0965; NIGHT (713) 422.2327 <br />City of La Porte <br />La Porte, Texas 77571 <br />Gentlemen: <br />• <br />o <br />DOROTHY GRAHAM, GRI <br />As you requested, I have appraised a strip of land 16' X 55' <br />in Block 1113, being the North 55' of the Borth -South Alley <br />in said Block, in the City of La Porte, Harris County, Texas <br />and as shown on the attached plat for the purpose of estimating <br />the Fair Market Value of said property. <br />In my opinion the highest and best use of Subject Property is <br />Multi -Family Residences. <br />It is my opinion that the property appraised had a Fair <br />Market Value as of August 15, 1978 of: <br />Fee Value: 880 s/f @ $0.55 s/f = $484.00 <br />Easement Value: 75% of Fee Value = $363.00 <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 <br />knowledge and belief no pertinent in formation has been <br />overlooked or withheld; and that I have no interest <br />either present or contemplated in the property appraised <br />or in the proceeds to be derived therefrom. <br />The attached Plat, Appraiser's Qualifications and Contingent <br />and Limiting Conditions are made a part hereof.. <br />Respectfully submitted, <br />i� h `'�' Z <br />tis Graham, AFLM <br />Appraiser <br />0 <br />