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CHAIN ,of LAKES
<br />s : Readsate.
<br />Box 675 Nlnde`lgaken, Incorporated)
<br />Lindstrom, Mn. Lindstrom Plione „ •,•,x, ; . (612) 257-2233
<br />55045 rwin City Phone
<br />(612)222-1711
<br />Jan. 31 1983
<br />To whom it M,,y c"onc:c-rn :
<br />This lc t tc r i<; given in response tryuestion askod r,l m,• r, q,jl(I
<br />I al. property vatuc� l.oss if a gun c1.uh we, I„ I)c �•:' i .,l,l
<br />i.;ht I n. .,I I fill. ,it r, ::, I I,I I,,I ,.• t•I I.1�.: I,,.,,<�.
<br />It: is my opinic,n that unfortunately it is almost. inip, .iI•Ic
<br />m, cr:;urur c,, l.cu 1,11,o the amo un t of v,r I nc� loss pr i or I() III, qun
<br />club being q-por,3tAonal.. 11 i , al.,c, my ohi.nion that: the I;•:,:;:;itl. I I�
<br />ex i :; t.-; t c, r c •conom i s obsu lc:';;r ncc
<br />Uc'•fini t ion of economic: obsol.esenect: Impairment c,f' I I i y
<br />QI- Useful. Life arising from factors external. t:o I_�r�:�pc rty. 'otic ll
<br />as economic forces or. environmental changes whir -h c tJect
<br />demand lel-at- ionshi ps in the market. Al.so refei rod Lo a, : I,:,c-a I: i clrr
<br />or o:nv1 r onmental. ubsol.esonce.
<br />Ex.atiplo: Jf t lwl'u were two identical. homes on two idont.ic.rl. 1.oI:;
<br />rn<1 holh properties were, beinq offered for t=hc
<br />Ill ,c —, ,nnd onc• i:; near a clun club and the other
<br />i r; n„t no,. -,r ., qun club, which property wou lci y'.1.1
<br />P4 :;J)ocll-u1 I.y :;iIhiiiI I I..i,
<br />CHAIN Of,, 1.A1• I':;; PF:Ai.
<br />L Zi Lc' 1 nl•,I1
<br />SZ/11
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