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~- <br />• • <br />E. I. TARIN & CO. <br />REAL ESTATE APPRAISERS CONSULTANTS <br />613 - 7TH AVENUE NORTH (P. O. BOX 2277) TEXAS CITY, TEXAS 77590 <br />TEL. X7131 945 - 3364 332 - 1511 332 - 1744 486 - 5566 <br />May 2, 19 83 <br />Mr. Charles D. Boyle <br />P.O. Box 24 <br />202 South 2nd Street <br />La Porte, Texas 77571 <br />Re: Real Estate Appraisal on: <br />An alley and a road in Block 831, La Porte, Harris <br />County, Texas. <br />Dear Mr. Boyle, <br />As you requested, we have inspected and appraised the above <br />mentioned properties. <br />• The obJective of this appraisal is to estimate the ma <br />rket <br />value of the subJect property. Market Value is defined as: <br />"The amount of money that a person des i r t ng to se I <br />but not bound to do so, cou I d, w i th i n a reasonab i e <br />time, procure for such property from a person who <br />desires and is able to buy, but is not bound to <br />purchase the property. t~- <br />it is the amount that could be obtained at private <br />sale and not at a forced sale or auction sale." <br />(W g~~IQ.ZC~.=~H QfQ..L~Q2g~a~LY.~_F..L..f'_~~.52.~. e t a I 8 3 S W <br />2nd 772) <br />i t i s our opinion that the subJect properties have a market <br />value, as of April 22, 1983, ot: <br />SIX THOUSAND EIGHTY DOLLARS <br />( 36, 080 ) <br />• <br />E. I. TARIN, M.q.l. <br />