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• <br />1 <br />2 <br />2 <br />1 <br />2 <br />2 <br />2 <br />2 <br />1 <br />2 <br />2 <br />2 <br />2 <br />2 <br />2 <br />APPRAISAL CONCEPTS, INC. <br />Residential - Commercial - Industrial - Equipment <br />July 14, 1999 <br />Mr. Joel Hanson <br />City of Little Canada <br />515 Little Canada Road <br />Little Canada, Minnesota 55117 -1600 <br />Re: Precision Tree Service <br />2929 Country Drive <br />Little Canada, Minnesota <br />Dear Mr. Hanson: <br />2565 Hemline Avenue North, Suite B <br />Roseville, Minnesota 55113 <br />Real Estate - (651) 636 -2565 <br />Equipment - (651) 633 -0779 <br />Fax - (651) 633 -0394 <br />In accordance with your request, I have completed an appraisal of <br />the above referenced property for the purpose of estimating its <br />probable market value in the fee simple interest. The following <br />written report presents the findings, analysis and conclusions of <br />this appraisal. I have made a complete inspection of the subject <br />property and have fully identified the real estate in the written <br />report. <br />After careful consideration of the many factors influencing value, <br />it is my opinion that the subject property has a market value, as <br />of June 30, 1999, based on the factors described herein, of <br />ONE HUNDRED SIXTY -TWO THOUSAND FIVE HUNDRED DOLLARS <br />($162,500.00) <br />The undersigned certifies to the best of his knowledge and belief <br />that the statements of fact contained in this report are true and <br />correct. The report and analysis, opinions and conclusions are <br />limited only by the reported assumptions and limiting conditions, <br />and are the undersigned's unbiased professional analysis, opinions <br />and conclusions. The undersigned has no present or prospective <br />interest in the property that is the subject of the report and no <br />personal interest or bias with respect to the parties involved. <br />Compensation is not contingent upon the reporting of a <br />predetermined value or direction in value that <br />Page 34 <br />