1980-12-17 Regular Meeting - Laserfiche WebLink

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-- - -- ~-- ---- -~~ ./ e e ........" , -- - FLI .. GRAHAM CONSULTANTS ~ ONE ALLEN CENTER, SUITE 1000 . FARM t.NO LAND HOUSTON, TEXAS 77002 INSTITUTE OFFICE (713) 759.0965; NIGHT (713) 422-2327 m ;HAlIO., ~ OTIS GRAHAM, AFLM DOROTHY GRAHAM, GRI December 5,1980 City of La Porte P. 0, Box 1115 La Porte, Texas 77571 , Gentlemen: I As you requested, I have appraised a strip of land 60 feet by I 400 feet being Texas Avenue between "K" and "L" Streets, and a 16 ft, by 400 ft, being the alley in Block 1122 , City of La Porte, Harris )County, Texas. , The purpose of this appraisal was to estimate the Fair r~arket Value of said property, In my opinion the highest and best use of Subject property is for Multi-Family Residences, It is my opinion that the property appraised had a Fair Market e Value as of December 5, 1980 as follovls: Fee Value: 60' X 400' = 24,000 slf @ $0,75 slf = $18,000, I I Easement Value: 75% of Fee Value = $13,500, ! Fee Value: 16' X 400' = 6,400 slf @ $0,75 slf = $ 4,800, Easement Value: 75% of Fee Value = $ 3,600, Total Easement Value: $17,100, 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 based are true and correct to the best of my knowledge and belief, subject to the limiting con- ditions hereinset forth; that to the best of my knO':'l- ledge and belief no pertinent information has been overlooked or withheld; that neither the employment to make this appraisal nor the compensation is contin"- gent upon the value of the property; and that I have no interest either present or contemplated in the property appraised or in any proceeds to be derived therefrom, , , , e The attached Plat, Appraiser's Qualifications, and Contingent ,.. & L~mit~~C~~ditions are made a part hereof, Re..ppec~g submitted, tU;:; ~ I .;> Otis Graham, AFLH lAppraiser F/D --