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Patchin <br />Messner Appraisals, Inc. <br />Valuation Consultants <br />(612) 895 -1205 <br />101 West Burnsville Parkway, Suite 200, Burnsville, Minnesota 55337 FAX (612) 895 -1521 <br />City of Lino Lakes <br />c/o: William G. Hawkins And Associates <br />2140 Fourth Avenue N orth <br />Anoka, MN 55303 <br />ATTN: Mr. William G. Hawkins <br />RE: Valuation Consulting and <br />Appraisal Services <br />Patchin Messner. Appraisals, Inc. <br />101' W.' Burnsville °Parkways Ste. 200 <br />Burnsville, Minnesota 55337 <br />To whom it may concern: <br />This letter is intended to be a memorandum of understanding concerning the engagement of <br />Patchin Messner Appraisals, Inc. for purpose . of rendering valuation consultation ..and/or <br />appraisal reports. It is understood _. by both .parties that the nature of. the assignment is as <br />follows: w... <br />Type of Property/ <br />Location: <br />101.45± Acres of Undeveloped Land <br />Pheasant Hills Preserve <br />Lino Lakes, Minnesota <br />Function of Appraisal/ <br />Consultation: <br />Data Needed to Perform <br />-Value Analysis: <br />Type of Services to be <br />Provided: <br />Estimate the fee simple market value, as of <br />March 31, 1998, for condemnation proceedings. <br />Legal descriptions, survey, topographic map, <br />wetland delineation and home owner's <br />association by-laws. <br />Prepare a complete appraisal in a self- contained <br />report in compliance with the Uniform Standards <br />of Professional Appraisal Practice (USPAP). <br />