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I’osl < )flicc Uox (Jnc \VdS/,ila. MiimcsoUi. 55391 <br />Wav/Jta ()lVicc 612 473 0313 <br />W.iv/ata ()|iicc I'ax 612 473 4767 <br />lliill.iloc mi'icl' (.12 (.K2 Uf>4 <br />April 21. 1998 <br />Warren and Christine Biclkc <br />2565 Dunwoody Avenue <br />Wayzala, Minnesota 55391 <br />In re: Property at 2565 Dunwoody Avenue, Orono, Minnesota <br />Dear Friends, <br />At your request I have personally inspected the above referenced property for the purpose of estimating the market <br />value of the subject property, as of January I, 1998. Attached is my analysis and appraisal wherein the value is <br />estimated. This estimate of value is subject to certain Limiting Conditions and the Appraiser’s Certification as found <br />elsewhere in the attached. <br />It is my understanding that this appraisal is to be utilized by you for the purpose of adjusting your market value for <br />real estate tax purposes <br />Afier giving consideration to a great deal of data I have arrived at an estimate of value for the subject prperty of; <br />EIGHT HUNDRED THOUSAND DOLLARS <br />($800,000.00) <br />Thank you for this opportunity to be of serv ice to you. li'I may be of additional assistance please feel free to call me. <br />Yours very truly. <br />William C. Warner <br />Real Estate Appraiser