CC PACKET 11282000 - Laserfiche WebLink

Home Browse Search

44 RUPPERT & RUPPERT ASSOCIATES, INC. • REAL ESTATE APPRAISERS.BROKERS&CONSULTANTS SUITE 333 4930 WEST 77TH STREET TELEPHONE 612/835-5137 R.J.RUPPERT,CCRA.SRA FACSIMILE 612/835-5061 SCOTT J.RUPPERT,MAI,JO MINNEAPOLIS,MINNESOTA 55435 E-MAIL ruppertappaaol.eom Date of appraisal—February 1,2000 Date of report—February 1, 2000 Tom White, Esq. KLEIN& WHITE 4570 West 77th Street Minneapolis, MN 55345 RE: Restricted Appraisal Report Custom Liquidators Building 2654 Kenzie Terrace • St. Anthony,MN. 55418 Dear Mr. White: Pursuant to our contract dated October 20, 1999, we have personally inspected and viewed the above-referenced parcel of real estate for the purpose of estimating the market value of the fee simple interest. The date of valuation is February 1, 2000. At your request, our investigation is limited in nature, and we have invoked departure from specific guidelines of the Uniform Standards of Professional Appraisal Practice-(USPAP)which may impact the reliability of any conclusions herein. This is a restricted appraisal report which is intended to comply with the reporting requirements set forth under Standard Rule 2-2(c) of the Uniform Standards of Professional Appraisal Practice for a Restricted Appraisal Report. As such, it does not include discussions of the data,reasoning, and analysis that were used in the appraisal process to develop the appraiser's opinion of value. Supporting documentation concerning the data,reasoning, and analyses is retained in the . appraiser's file. The depth of discussion contained in this report is specific to the needs of the client and for the intended use stated below. On the basis of our study and experience as professional real estate appraisers, and after giving due consideration to all factors affecting the market value'of this type of real estate,we have arrived at the following estimate of value: ESTIMATED AL RSET VALUE --------------R 75 000