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G-18-1998 3:58PM <br />FROM SWEENEY LAW FIRM 2235289 P.9 <br />The effective date of this report is April 20, 1998, which constitutes the date of <br />inspection. The property was inspected in the presence of Misters David and Leroy <br />Guerin, sons of the owner. The property was previously inspected in the presence of <br />these gentlemen on November 2, 1995. By virtue of my investigation, I have formed the <br />opinion that tho market value of the subject property, as of April 20, 1998 is: <br />Value - Free and Clear of Environmental Hazards $360,000 <br />Environmental Impact ($105,000, <br />Value - "As Is" $255,000 <br />This report has been prepared in conformity with the Code of Ethics and Standards of <br />Professional Practice of the Appraisal Institute together with the Uniform Standards of <br />Professional Appraisal Practice as mandated by State of Minnesota. <br />Your attention is invited to the following pages containing data and discussions which, <br />in part, form the basis of this conclusion. <br />Res ectfully <br />bm' ted, <br />An <br />C <br />Mich el I. B Jf.i:4° <br />n orf, M I <br />Certifie'General Real Pr.perty Appraiser <br />Minnesota License #4001398 <br />BETTENDORF ROHRER KNOCIHE'WALL, INC. PAGE 3 <br />Page 135 <br />