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South Athletic Complex Site <br /> City of Lino Lakes, Minnesota <br /> PURPOSE OF THE APPRAISAL <br /> The purpose of this appraisal is to estimate the market <br /> value of the subject property as of the effective date hereof and <br /> subject to the assumptions and limiting conditions herein. <br /> FUNCTION OF THE REPORT <br /> This Summary Appraisal Report is intended to assist the City <br /> of Lino Lakes, Minnesota in connection with its proposed <br /> acquisition of the subject property. <br /> SCOPE OF THE APPRAISAL <br /> The scope of this appraisal has been to inspect the subject <br /> property and to analyze land use patterns in the surrounding area <br /> to determine the highest and best use for the property. From the <br /> highest and best use determination we have estimated the value of <br /> the subject property using generally accepted appraisal methods <br /> as are more fully discussed elsewhere in this report. Among the <br /> sources contributing to the data in this report are: <br /> non-confidential data in our files; <br /> publicly available reports pertaining to cities and regions <br /> of the metropolitan area; <br /> surveys and analyses conducted by local and national real <br /> estate firms; <br /> Page 1 <br />