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(612) 636 -2565 <br />APPRAISAL RESEARCH ASSOCIATES, LTD. <br />STEVENSON - EDWARDS & ASSOCIATES <br />2310 County Road D • New Brighton, Minnesota 55112 <br />FAX: (612) 633 -0394 <br />October 13, 1995 <br />Mr. Joel Hanson <br />City of Little Canada <br />515 Little Canada Road East <br />Little Canada, Minnesota 55117 <br />Re: Project No. 93 -11 <br />Jackson Street/ Old County Road C/Lakeshore Avenue Street Reconstruction <br />Dear Mr. Hanson: <br />I have reviewed the report for the Jackson Street/Old County Road C/Lakeshore Avenue <br />street construction that included a discussion of the project, project costs and assessment <br />roll. As a result of the review of these documents and a personal inspection of the <br />completed improvements except for final bituminous wear coat, it is my professional <br />opinion that the benefits to properties involved are equal to or greater than assessments <br />levied. <br />Mr. Hanson, if there are any questions or if I may be of additional service, please advise. <br />Sincerely, <br />• <br />William J. Peterson, RA, SRPA <br />Certified Federal R I Property Appraiser <br />Minnesota License #4000619 <br />Page 23 <br />(612) 633 -0779 <br />