2007-10-26 Approved Appraisal~lb~rtvi~ ~~
Smoll Town Uvlrg. Bly dry Ufs.
October 26, 2007
Mr. Bill Waytas
Nagell Appraisal & Consulting
7515 Wayzata Blvd. #115
Minneapolis, Minnesota 55426
Dear Mr. Waytas,
On October 1,'2007 the City Council approved your appraisal proposal dated August 8,
2007 in the amount of $1,200. We look forward to receiving the report as soon as
possible. If you have any questions, please call me at 763-497-3384 ext 4.
Sincerely,
Larry se
City Ad ~ strator
P.O. Box 9
Albertville, Minnesota 55301
(763) 497-3384
lkruse @ ci.albertville.mn. us
NAGELL APPRAISAL & CONSULTING
7515 Wayzata Blvd. #115
Minneapolis, MN 55426
Established in y968
Couri, MacArthur & Ruppe
Attn: Michael Couri, .Attorney
705 Central Avenue East
St. Michael, MN 55376-0369
RE: Appraisal of land
Lot 1, Block 1, Barthel Commercial Park Third Addition
Albertville, MN
Dear Mr. Couri:
August 8, 2007
6'K-~~
Thank you for your interest in obtaining appraisal services regarding the property above. Per
our conversation, you indicated an appraisal report with the following research and .analysis is
needed.
Report UseNalue Type: The report use is for negotiation purposes by the City of Albertville
with the current owner for the potential purchase of the above referenced property. Appraiser is
to assume the road is already constructed and sewer and water are installed. Current market
value reflecting highest and best use per Uniform Standards of Professional Appraisal Practice
will be provided.
Property Descrip#ion: A 1.6 acre parcel of land. Contact for access: Michael Couri to
provide if necessary here
Scope of Report: (1) An inspection of the property and view the neighborhood. (2) Report the
physical and/or economic factors that could affect the property. (3) Complete research and
analysis of pertinent market data. The sales comparison approach to value will be applied.
(4) Where appropriate, comparables will be adjusted on a grid. (5) Report findings and
conclusions.
f~
Report Format: A Summary Report (Standard from report) will be used. It has a summary of
statements of the data, analysis and conclusions. Appropriate photos, maps and exhibits are
included. Two hard copies of the report provided.
Fee: The fee is 1 200. Client named above is responsible for payment. Any litigation
proceedings/preparation is extra and would be billed at $100 per hour.
Due Date: Report can be completed in 4 weeks from signed confirmation
Information needed by the appraiser at inspection: Already provided.
Our company has 10 employees and has been in business since 1968 and has sufficient
knowledge, experience, education and resources to competently complete this assignment.
Neither the employment to make the appraisal, nor the compensation for it, is contingent upon
the appraised value of the property. If you agree to the above terms, please sign below and
return by fax or mail. If you have any additional questions, please do not hesitate to contact me.
Minneapolis: 952-544-8966
St. Paul 651-209-6'159
Central Fax 952-544-8969