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WINFIELD A. MITCHEL4 <br />APPRAISALS <br />~iZ MIDWEST f'EUk.RAL BUILDING <br />` 5A1NT PAUL, MINNESbTA 55101 <br />. City of tiew Brighton Appxai.sal No, ~4-41 <br />? tiz 5t . ?v'li ~ 14th. Aire . 1V1~ <br />New Brighton, 1~1i.nn. <br />`~'f~d~7R4~~Di~1 AF'PRAIS.AL <br /> <br />• <br />TDE..~'TI'I'y' QF PROF'Ir.RTy' <br />This memorandum appraisal covers t~~o sites located an the south side of <br />7th St, ?~1~, :dew Brighton, T1ir~nesota, One site consists of the easterly <br />one-i~alf of vacated 14th Av~~. '~'1~; tic other is made uF' of a portion of <br />five platted lots encumbered b~' a drainage ditch floh•in€. out of Hanson <br />Lak ~ . <br />T't1RF'OSE OF TE-lE .APPR~ISAI. <br />T"~le purpose of the appraisal is to estimate the maxl.et value of the twa <br />sites. ~iarket value is defined a~: <br />'The highest price estimated i.~ terms of money' <br />h-iiici~ a property- ti-i 11 brim; i f ex,nosed for sale. <br />in the open market, alloki.n~, a reasonable time <br />to find a purchaser k'no buy's with knowledge of <br />all tine uses to whici~ it is adapted and far which <br />it is capable of being; used.' <br />LEGAL T)ESCRIPTI~:~ <br />The Easterly site is described as, ''I:he Easterly- one-half of vacated 14th <br />Ave. 1\'Iti, , lying Northerly of the South line of Lot 5, Block ;', Syndicate <br />Addition to Minneapolis Stocl,~•ards, extended Easterly'. <br />The h'esterly site is described as, 'The V~'est 43 ft. of Lots 1 thru 5, Block <br />7, Syndicate Addition to 1`lulneapolis Stockyards' . <br />_l_ <br />