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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 -10 <br />Keller Parkway Water Main Improvement <br />Dear Mr. Hanson: <br />I have reviewed the report for the Keller Parkway water main improvements that <br />included a discussion of the project, project costs and assessment roll. As a result of the <br />review of these documents and a personal inspection of the completed improvements, it <br />is my professional opinion that the benefits to properties involved are equal to or greater <br />than assessments levied. <br />Mr. Hanson, if there are any questions or if I may be of additional service, please advise. <br />William J. Peterson, , SRPA <br />Certified Federal Re I Property Appraiser <br />Minnesota License #4000619 <br />Page 46 <br />(612) 633 -0779 <br />