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S <br /> • Mr. Michael J. Mornson <br /> Page 5 <br /> August 24, 1999 <br /> Ms. Dacy also indicated that if the site were purchased as raw land(without the development <br /> cost, the Medtronic site was about$100,000 per acre. <br /> This value attributable to the subject indicates the following value: <br /> 101 acre @$100,000 per acre = $ 10,000,000 <br /> In summary the above noted research and and corresponding questionable analysis indicated the following <br /> possible value ranges. <br /> I. Value range as residentially developed <br /> $13,600,000—Sweney Lake/Golden Valley <br /> $11,850,000—Blake Road/Edina <br /> II. Corportable Headquarters <br /> $16,380,000—Golden Valley Sale <br /> $12,800,000-$20,300,000—Medtronic Sale <br /> $10,000,000—Medtronic Raw Land Sale <br /> @ III. City or County Park <br /> No significant data found. <br /> * Best and most reasonable comparable <br /> R ectfully submitted, <br /> THE APP ISA BUREAU <br /> T or,MAI, SRA <br /> Senior ppraiser <br /> MN License No. 4000015 <br /> /pb <br />