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BETTENDORF ROHRER KNOCHE WALL, INC. <br /> ' PROPERTY IDENTIFICATION <br /> The subject property is an 11.25 acre tract of platted but undeveloped land located along the <br /> west side of Wildhurst Trail about 1/3 mile north of Tonkaview Lane in Orono, Minnesota. The <br /> acreage was platted into eight single family lots several years ago but has never been <br /> ' developed. One lot has frontage along Wildhurst Trail and the other lots do not have direct <br /> access from an improved public street. The subject land, which features a steeply sloped and <br /> ' wooded topography, is zoned for single family residential use and is located in a residential <br /> area in the southwest part of Orono near Forest Lake and the west arm of Lake Minnetonka. <br /> The property does not have public water availability and sanitary sewer is not immediately <br /> ' available. <br /> LEGAL DESCRIPTION <br /> The subject property is located in Hennepin County and is legally described as follows: <br /> Lots 58, 60, 61, 62, 91, 92, 93 and 94, Tonkaview <br /> ' Gardens. <br /> PURPOSE/FUNCTION OF THE APPRAISAL <br /> ' The purpose of the appraisal is to estimate the market value of the subject property. The <br /> definition of market value is included on one of the following pages. The function of the <br /> appraisal is to assist the client, the City of Orono, in making decisions regarding the acquisition <br /> ' of the property. <br /> 7 <br />