Real Estate Appraisal Report - 1985(Easement #24)

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@- - APPRAISAL ASSOCIATES ReQ1 Estate Appraisersand Consultants � P.O. Box 56, Hamel, Minnesotoa 55340/Telephone (612).478-6068 sct September 26, 2985 Mr. John Gerhardson Public Works Supervisor City of Orono P. 0. Box 66 Crystal Bay, MN 55134`3 Pe: 1.l1..` Willow Drive Orono, MN Dear Mr. Gerhardson: At your request I inspected the above--referenced property on 11 September 1985 for the 1rurpose of determining what damage theri-I may be to the value of the property as a result of a partial taking of land from the site. The taking will be a 7 . 5 ' wide 290' long permanent easement for the purpose of installing a public sewer.- system in the city. In addition -to--'the .p-ermanent taking, the city also regjires a temporary easement over 10' of ground adjacent t.o the permanent taking. I have determined that the taking will cause a loss in value to the property in the amount of $2,020. In addition., the temporary easement for pur..,oses of construction is valued at 10% of the value of ¢'re la-rid only or $87 . W"f'TAjti i `:l'�IQLT;:; ,,tit► t'� HUNDRI"D SEVEN DOLLARS-- — methods of arriving at this value is shown elsewhere in this report. It is my opinion that there is no permanent damage to the .roperty nor is there a loss in utility. It is assumed that the port-ton of t?"rc 1.^S` in value which covers removal of the trees in the easer_:ent area:t will be used to replace those plants and trees with like specimens in the future_ The appraiser considers the value of the loss to the property and then views the taking as to whether it seriously affects the over- all value of the remainder. If the appraiser finds future loss in -u-tility, then that future loss is considered in the caps.-t nutation. I find no such loss in the future and, therefore, conclude only the amount described above. The damages are divided as follows : 2,7.75 S .F. @ 0.40 P.S.F. $ 870 Trees & Shrubs 250 Maple Tree 900 Temporary Easement 87 $2,107