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l-H—E AT T zN COMPANY <br /> �! 2516 Fourth Avenue North Anoka,Minnesota 55303 <br /> Malcolm B.Allen(1923- 1989) Real Estate Appraisal Service <br /> Malcolm B.Allen,Jr. (612) 421-4970 <br /> January 11, 1995 <br /> Marty Asleson <br /> Park, Recreation, Forestry Coordinator <br /> City of Lino Lakes <br /> 7204 Lake Drive <br /> Lino Lakes MN 55014 <br /> re: South Athletic Complex <br /> Lino Lakes, Minnesota <br /> Dear Mr. Asleson: <br /> As you requested, we have made an appraisal of the above <br /> . referenced property for the purpose of estimating its market <br /> value as of the effective -date hereof. Enclosed herewith is <br /> our complete appraisal presented in the form of a summary. <br /> .report. <br /> On the basis of an inspection of the property and careful <br /> consideration of the many factors that influence value, it is <br /> our opinion that the value of the subject, under the <br /> assumptions made herein as is more particularly set out in <br /> the report is: <br /> TWO HUNDRED FIFTY THOUSAND DOLLARS <br /> ($250,000.00) <br /> we submit our appraisal containing a description of the <br /> property appraised, a summary of the definitions relevant to <br /> the conclusions and a portion of the calculations, data and <br /> analyses used in reaching the conclusions. Information relied <br /> on herein was gathered from sources believed to be reliable, <br /> but it is not guaranteed. <br /> Yours truly, <br /> THE ALLEN COMPANY <br /> Malcolm 8. Allen, Jr. <br /> Certified General Real P operty Appraiser <br /> 4003031 <br />