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• ~ a <br />GRAHAM CONSULTANTS <br />ONE ALLEN CENTER, SUITE 1000 <br />HOUSTON, TEXAS 77002 <br />OFFICE (713) 759-0965; NIGHT (713) 424-2935 <br />OTIS GRAHAM, AFLM <br />May 9, 1984 <br />City of La Porte <br />P. 0. Box 1115 <br />La PortA, Texas 77571 <br />Dear Council ?vIembers <br />DOROTHY GRAHAM, GRI <br />As requested, I have appraised a strip of land EO feet by <br />4(IO feet, bein~;.l7th Street betG>'een Blocks 1177 a.nd 1178, <br />City of La Porte, Texas for the purpose of estimatir_P the <br />Fair Market Value. <br />In my opinion the hie;hest and best use for Sub,iect property <br />is light industrial. <br />It is my opinion that the property appraised had a Fair <br />Market Value as of P4ay 9, 1984 as .follo*.•:s <br />Fee Value: <br />&6' X 400' = 24,000 s/f (r? X0.35 s/f = ~P,400.00 <br />Easement Value: 75~ of Fee Valve ($8,400.00) = 56,30n.00 <br />Certification: <br />I hereby certify that I have personally examined the <br />property anpr.aised: that the statements contained in <br />this appraisal and upon tivhich the opinions expressed <br />herein are based are true and correct to the best of <br />my kno*,aledge and belief, subject to the limiting con- <br />ditions herein set forth; that to the best of my <br />kr..ok~ledge and belief no pertinent information has <br />been overlooked or withheld' that neither the employment <br />to made this appraisal nor the compensation is contingent <br />upon the value of the property; and that I have no <br />interest either present or contemplated in the property <br />appraised or in any proceeds to be derived therefrom. <br />The attached Plat, Appraiser's ~?ualifications, and Contingent <br />& ILimitin> Conditions are made a part hereof. <br />Respectfu ly submitted, <br />~~ <br />Otis l'=ra.ham, AFLM <br />Appraiser <br />,~ <br />