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~ ~ <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 g, 1884 <br />City of La Porte <br />P. C. Box 1115 <br />La Porte, Texas 77571 <br />Dear Council >vIermbers <br />DOROTHY GRAHAM, GRI <br />As requested, I have appraised a strip of land EO feet by <br />400 feet, bein~;.l7th Street betureen Blocks 1177 and 1178, <br />City of La Porte, Texas for the purpose of estimatir_a the <br />Fair Market Value. <br />In my opinion the highest and best use for Subject property <br />is light industrial. <br />It is my opinion that the property appraised had a Fair <br />Market Value as of P~Zay 9, 1984 as .follo:•:s <br />Fee Value: <br />r56' x 400' = 24,000 s/f (~ X0.35 s/f = ~P,,4oo.00 <br />Easement Value: 75% of Fee Va_l~re ($8,400.00) _ ~6,3op.00 <br />Certification: <br />I hereby certify that I have personally examined the <br />property appraised: that the state:->ents contained in <br />this anpraisa.l and upon which the opinions expressed <br />herein are based are true ar_d correct to the best of <br />my Itno*aled~;e and belief, subject to the limiting con- <br />ditions herein set forth; that to the best of my <br />kr_owledge and belief no pertinent information has <br />been overlooked or withheld' that neither the employment <br />to mage 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 />& ~~imiting Conditions are made a part hereof. <br />Respectfu ly submitted, <br />•. <br />Otis Cra.ha.m, oFLP~[ <br />Appraiser <br />~~ <br />