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Page 2 <br /> 2. Incidental Expenses - This payment covers some of the costs incidental to the purchase and <br /> settlement of your replacement home. Examples of some eligible incidental costs are recording <br /> fees, appraisal fees, credit report fee,title exam. <br /> 3. Increased Mortgage Interest Costs - This amount will help compensate for some of the <br /> additional interest costs that would be incurred if you have a mortgage on your present home and <br /> must pay a higher interest rate on the mortgage for your replacement home. If it is calculated on <br /> the basis of"discounted present value". If this benefit applies to you, further explanation will be <br /> provided when specific mortgage information is received on your present and replacement <br /> homes. <br /> Listed below are several properties which we found in our research of the Mounds View and <br /> surrounding area's housing market, which are currently available for purchase. These homes <br /> have been analyzed per the definition and requirements of a"comparable replacement dwelling" <br /> found in the Uniform Relocation Act regulations. (You will find this definition also in the <br /> Relocation Information Guidebook provided to you previously.) <br /> Name and Telephone <br /> Address Asking Price of Listing Office <br /> 1. 654 8th Avenue N.W. $109,900.00 Edina Realty, 755-1300 <br /> New Brighton <br /> 2. 2296 Pinewood Drive $108,900.00 Edina Realty, 636-2299 <br /> Mounds View <br /> 3. 573 Amer Avenue $108,900.00 Edina Realty, 636-3760 <br /> Shoreview <br /> 4. 5231 Skiba Drive $114,900.00 ERA Realty, 464-7070 <br /> Mounds View <br /> We have chosen the first listed property at 654 8th Avenue N.W. to use as your"comparable" <br /> dwelling in determining maximum replacement housing benefits described on the first page of this <br /> letter. In accordance with the Uniform Relocation regulations, an asking price must be adjusted to <br /> reflect an anticipated selling price, based on the local area's real estate market. Therefore,the <br /> $109,900 asking price of this comparable home has been reduced by 96.5%, a ratio derived from sold <br /> data information for the Mounds View area,to reflect a probable selling price. Your comparable <br /> replacement dwelling adjusted price,then, is $106,000.00 <br />