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<br />PAT MURPHY & ASSOCIATES <br /> <br />REAL ESTATE APPRAISAL AND COUNSELING <br /> <br />W.P. 'PAT' MURPHY. RM, IFAS <br /> <br />October 28, 1985 <br /> <br />/ <br /> <br />Mr. David H. Doty <br />City Manager <br />Paris, Texas 75460 <br /> <br />Re: The appraisal of 28 parcels in the Collegiate Drive Project, <br />No. MA757(1) in Lamar County, Texas. <br /> <br />Dear Mr. Doty: <br /> <br />At the request of Mr. T.K. Haynes, I have prepared a proposal to appraise <br />the 28 par""ls in the Collegiate Drive project including the temporary <br />easements when applicable. <br /> <br />My estimate is based on the assumption,;that full, narrative reports are not <br />necessary. The appraisals would be based on a physical inspection of the <br />property with the owners invited on the inspection, and include at a <br />minimum; photographs, a brief property description, improvement sketch, <br />highest and best use, comparable sales, a brief summary of the analysis <br />necessary to derive the estimates of value, and a summary of the following <br />values: <br /> <br />(1) Whole property before the take <br />(2) Part taken <br />(3) Remainder before the take <br />(4) Remainder after the take <br />(5) Damages or enhancements <br />(6) Total Compensation <br /> <br />After a discussion with Mr. John Robinson, Supervisor of the Right of Way <br />Section, Texas State Department of Highways and Public Transportation, I <br />have developed a format that will be sufficiently detailed to meet all of the <br />federal requirements, yet concise and summarized enough to maximize the <br />saving of time and money in the appraisal process. <br /> <br />I have assumed that the city will furnish legal descriptions, the name of the <br />owner of record, his address and phone number, 5 year sales history, <br />recording data, and an up to date map of the project. I would anticipate <br />working closely with your staff on any unforseen questions or problems <br />especially pertaining to the descriptions of the whole properties and the <br /> <br />2673 NORTH MAIN STREET. SUITE F . PARIS. TEXAS 7S460 (2'.)78S.0." <br /> <br />I)"" Reo;idenliol Member <br />American Institute of <br />.'::: Real Estate Appraisers <br /> <br />. Senior Member <br />National Association 01 <br />Independent Fee Appraisers <br />