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AccPEDIrE° GRAHAM CONSULTANTS <br />~_ `~ <br />• ONE ALLEN CENTER, SUITE 1000 <br />FARM AMD LAMD HOUSTON, TEXAS 77002 <br />nsrrture <br />® OFFICE (713j 759-0965; NIGHT (713) 422-2327 <br />~E,,,~a. <br />OTIS GRAHAM, AFLM <br />February 18,.1981 <br />FLI <br />FARM AMD tAMD <br />wsnrurc <br />DOROTHY GRAHAM, GRI <br />City of La Porte <br />P. 0. Box 1115 <br />La Porte, ?'exas 77571 - <br />Gentlemen: <br />As you requested, I have appraised a strip of land 16 feet by <br />400 feet, being the alley in Block T?o. 684, )C~.ty of La Porte, <br />_ Texas. <br />The purpose of this appraisal was to estimate the Fair r:arket <br />Value of said property. <br />In my opinion the highest and best use of Subject property is <br />for warehouses and/or light industrial. <br />It is sy opinion that the property appraised had a Fair ?'~ar'~cet <br />• Value as of Februaay 18, 1981 as follows: <br />Fee ~Jalue <br />16' X 400' = 6,400 s/f @ $C.65 s/f = $4,160. <br />Easement Value: 75% of Fee Value($4,160.) _ $3,120. <br />Gertif_i catior_ <br />T_ hereby certify that I have personally examined. the <br />property appraised; that the statements contained in <br />this appraisal and upor>. which the opinions expressed <br />herein are based are true and correct to the best of <br />my l~nowled~e and belie , subj ect to the limitirb con- <br />- ditions herein set forth; that to the best of my <br />knowledge and belief no pertinent information has <br />been overlokked or withheld; that neitr~er the employment <br />to make this appraisal nor the compensation is contin- <br />gent upon the value of the property; and that I have <br />no interest either present or contemplated in the <br />property appraised or in any proceeds to be derived <br />therefrom. <br />The attached Plat, Appraiser's Qualifications, and Contingent <br />& Limiting Conditions are made a part hereof. <br />Respectfully submitted, <br />• ~~ _ <br />.Otis Graham . AFL2: <br />~`.ppraiser <br />