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<br />e <br /> <br />, <br />,. <br /> <br />e <br /> <br />.---..- <br /> <br />~',~ <br /> <br />...., <br />,.t.. ", <br />. <br /> <br /> <br />GRAHAM CONSULTANTS <br /> <br />ONE ALLEN CENTER. SUITE 1000 <br />HOUSTON, TEXAS 77002 <br /> <br />OFFICE (713) 759-0965; NIGHT (713) 422-2327 <br /> <br />FLI <br />~ <br />FARII AND LAND <br />INSTITUTE <br />IB <br /> <br />REALTOQ' <br /> <br />OTIS GRAHAM, AFLM <br /> <br />December 9, 1983 <br /> <br />City of La Porte <br />P. O. Box 1115 <br />La Porte, Texas 77571 <br /> <br />DOROTHY GRAHAM, GRI <br /> <br />As requested, I have appraised two (2) parcels of land, one <br />being the alley in Block No. 1097 and the other being the 12th <br />Street between Block No. 1097 and Block No. 1098, City of <br />La Porte, Texas. <br /> <br />The Purpose of this appraisal was to estimate the Fair Market <br />Value or said property. <br /> <br />In my opinion the highest and best use of Subject Property is <br />Commerical. <br /> <br />It is my opinion that the property appraised had a Fair Market <br />Value as of December 7, 1983 as follows: <br /> <br />Fee Value: <br />Block No. 1097, alley= <br />16' X 337.5' = 5,400 slf @ $2.75 slf = $14,850. <br />Easement Value: 75% of Fee Value ($14,850.) = $11,137.50 <br /> <br />Fee Value: <br />12th Street between Blocks 1097 & 1098: <br />60' X 362.5'= 21,750 slf @ $2.75 slf = $59,812.50 <br />Easement Value: 75% of Fee Value ($59,812.50) = $44,859.38 <br /> <br />Total Easement Value $55,996.88 <br /> <br />The attached Appraiser's Qualifications and Contingent & Limiting <br />Conditions are made a part hereof. <br /> <br />CERTIFICATION: <br />I hereby certify that I have personally examined the property <br />appraised; that the statements contained in this appraisal and <br />upon which the opinions expressed herein are based are true and <br />correct to the best of my knowledge and belief, subject to the <br />limiting conditions herein set forth; that to the best of my <br />knowledge and belief no pertinent in formation has been over- <br />looked or withheld; that neither the employment to make this <br />appraisal nor the compensation is contingent upon the value of <br />the property; and that I have no interest present or contemp- <br />lated in the property appraised or in any proceeds to be <br />derived therefrom. <br /> <br />I 1\ <br /> <br />Respectfully sugmitted, <br />/Ia;~f -- <br />~tis O"raham, AFLM <br />Appraiser <br /> <br />alP <br />