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HomeMy WebLinkAbout2010-12-01 PACKET 06.B.REQUEST OF CITY COUNCIL ACTION COUNCIL MEETING DATE 12/01/2010 Engineering ORIGINATING DEPARTMENT AGENDA ITEM # 411 6 . 4 6 Jennifer Levitt STAFF AUTHOR COUNCIL ACTION REQUEST: Adopt resolution ordering the project and authorizing the plans and specifications for the West Point Douglas Road Extension. 6" 1 F-0 a 0 9 8 0 14 = 0kyl I OVA 11: a i kq I Recommend the Council adopt resolution ordering the project and authorizing the plans and specifications for the West Point Douglas Road Extension. ADVISORY COMMISSION ACTION: 9JAV ❑ PLANNING ❑ F F F PUBLIC SAFETY ❑ F 1 ❑ PUBLIC WORKS ❑ ❑ ❑ ❑ PARKS AND RECREATION ❑ ❑ ❑ ❑ HUMAN SERVICES/RIGHTS ❑ ❑ ❑ ❑ ECONOMIC DEV. AUTHORITY ❑ ❑ F] El ❑ ❑ ❑ 0011199• :491 I'M ❑ MEMO/LETTER: Jennifer Levitt, November 22, 2010, Robin Roland, November 23, 2010, Adam Josephson, November 16, 2010, and Craig A. Woolery, November 15, 2010. ❑ RESOLUTION: F ORDINANCE: F - ] ENGINEERING RECOMMENDATION: ❑ LEGAL RECOMMENDATION: Z OTHER: Zoning Map, Cost Estimate, Informational Meeting attendees, Turning Movement Map, Benefits Appraisal, Preliminary Project Layout Petition, and Conceptual Layout. '7 2 'c ity Aam4/histrator Dafe COUNCIL ACTION TAKEN. )4A ROVED F1 DENIED [:1 OTHER c2p*10401b 4tv • * � M • •-r -• • - . a . a • Le 0 i 1101 :a I m NaTITMIML01 1 WAMUO I • -• WHEREAS, a resolution of the city council adopted the 3rd day of November, 2010, fixed a date for council to hold a public hearing on the proposed improvement benefiting properties that abut the following streets: W. Point Douglas Rd. from TH 61 to Leeward Ave. So.; and Lofton Ave. So. from W. Point Douglas Rd. to 300' west of W. Point Douglas Rd.; pursuant to Minn. Stat. Chapter 429.011 to 429.111 WHEREAS, ten days' mailed notice and two weeks' published notice of the hearing was given, and the hearing was held thereon the 1st day of December, 2010, at which all persons desiring to be heard were given an opportunity to be heard thereon. WHEREAS, the City desires to assess the cost of said improvements to all benefited properties; and NOVI THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF COTTAGE GROVE, MINNESOTA: Such improvement is necessary, cost - effective, and feasible as detailed in the feasibility report. The improvement shall include road reconstruction, signal system modifications, storm sewer, and stormwater pond construction. 2. Such improvement is hereby ordered. 3. Bonestroo is hereby designated as the engineer for this improvement. The engineer shall prepare plans and specifications for the making of such improvement. 4. The city council declares its official intent to reimburse itself for the costs of the improvement from the proceeds of the tax exempt bond. Adopted by the Council this 1 st day of December, 2010. Attest: Myron Bailey, Mayor Caron M. Stransky, City Clerk From: Jennifer M. Levitt, P.E., City Engineer Date: November 22, 2010 Re: West Point Douglas Road Extension Order the Project Authorize Preparation of Plans and Specifications On September 1, 2010 the City Council authorized a feasibility report be prepared for the 2011 Pavement Management Area, which included the West Point Douglas Road Extension. The West Point Douglas Road Extension is a project that would be constructed under MnDOT State Aid standards. Since this project's standards would be too burdensome and costly to the residential street project (2011 Pavement Management), a separate feasibility report was prepared for the project. The City Council held a workshop session on October 20, 2010 to discuss the various elements of the proposed improvements. Onsite meetings were held with Erickson Marine, Gerlach's and Dubois Remodeling to outline the project scope and financial impact of the project. A neighborhood meeting was held on November 9, 2010 at 7:00 p.m. at City Hall in the Council Chambers. • Subdivision Ordinance relative to street curbing requirements is described in Section 10-5-3F which requires bituminous or concrete street surfaces with curb and gutter and the subsequent subsection (1)(c ) requires concrete curbs and gutters on both sides of streets. It also references "Standard Specification for Highway Construction", state highway design specification No. 2531 and design No. B618 or design D curb. The reconstruction of Lofton Avenue adjacent to the businesses would have surmountable curb. The curb section in conjunction with storm sewer will improve drainage in the area and better define the driving lanes. From our meetings with the businesses, their desire is to keep parking adjacent to the street. The proposed plan does keep parking on Lofton Avenue for their employees. A request was made by Gerlach's to confirm that a semi-truck could still enter their property for deliveries. A turning template was run for movement requested and was found to work; the template is enclosed. Resident Concerns A resident had expressed concern regarding the speed on TH 95 as it related to the curved radii that would exist on the West Point Douglas Road extension. The key thing is that the MnDOT will be conducting review and approval of the design, so all signing will be in conformance with Minnesota Manual on Uniform Traffic Control Devices (MnMUTCD). For example, signing could include chevrons along the radii, advance warning on TH 95, and/or a curve warning sign to address the resident's concern. It should also be noted that right-of-way will be clear and will provide an area of recovery if a vehicle were to lose control. The businesses expressed interest in extending parking on the east side of the street through the area adjacent to the intersection of Lofton Avenue. After reviewing the situation, staff does not recommend extending the parking area (or connecting the two areas) through the intersection for a number of reasons. The extended parking area could cause confusion for motorists that are approaching the intersection on Lofton Avenue. Also, by not extending the parking area, more protection is offered for parked vehicles because parked cars would not have the potential to be struck by a vehicle making a turning movement. Also, there is a sloped grade toward the intersection and parking area, so it would be safer to avoid creating an additional conflict point in slippery conditions. 0 along Hwy 61 by reducing direct access to/from Hwy 61 at uncontrolled intersections. Access to this neighborhood and business area is best served at the Hwy 95 signal." Some residents expressed concerns regarding the closure of the existing access point. Because there is additional distance to travel on TH 61 to enter the neighborhood, they felt the response time of police, fire or EMS would be negatively affected. Public Safety Director Craig Woolery reviewed the concern and concluded 'Focusing all traffic to a semaphore controlled intersection with an opticom (which allows emergency vehicles to control the signal) is the overall preferred solution for this intersection'. The memo from Director Woolery, dated November 15, 2010, also addresses the issue of response time, which is minimal. According to Woolery, 'Response times in general, vary for several reasons, such as the location of the first responder when the call is received, the weather, the levels of traffic congestion and time of day.' Concern was expressed about the additional distance traveled as it relates to additional time to reach a residence with the extension of a frontage road to the Th61/TH95 signal. A review was done of the situation with results as follows: The typical commute will be from the development to either northbound or southbound TH 61 in the morning, returning home in the evening. A review was done looking at peak hour movements, as people tend to leave and return during these periods. The assumptions made were the average running speed of 25 mph was assumed on the new frontage road and 45 mph on TH 61. Note that these are running speeds, and not posted speeds. Then the analysis took into account the time spent waiting for the signal to provide green arrows, or in the case of the existing condition, the time spent waiting for a gap to appear. KI 64 seconds in the evening. The total additional time for this trip would be 94 seconds, or •` In staff's opinion, the delay is insignificant in comparison to reducing the potential for a fatality or an incapacitating injury that could occur if the existing access point is left open. The additional 3,600 feet a resident has to travel to the signal amounts to only pennies a day in additional gas. The businesses requested that construction not start until mid-June to allow for no disturbance during their peak time of spring business. The specifications will be written to not allow construction to start until after the peak spring operation and will also have a completion date specified before the fall peak season for the businesses. This schedule will work well with the 2011 Pavement Management area and maintaining access to the area. Plus, the businesses do not have to worry about as much conflict with construction related traffic in front of their businesses from the 2011 Pavement Management Project, because the contractor would still be utilizing the access point. Funding Review The total estimated project cost for the road work, storm sewer, and signal system is $1,567,900. According to the City's policy, 100% of the total project is assessed against the benefiting properties. Since the street only has parcels on one side of the street, the assessment amount was reduced by 50%. The total project value that was proposed to be assessed was $581,557.50. The Cost Estimate Summary from the Feasibility Report is enclosed. The City had a special benefits appraisal conducted by BRKW Appraisals, Inc. on four parcels within the project area. The completed special benefits valuation of West Point Douglas Road Extension dated October 18, 2010 is enclosed. The results of the special benefit valuation indicate that an average increase of 11.275% is realized in special benefit when the road improvement occurs, which ranges from $20,000 to $50,000 in value. Staff recommends capping the assessment at the value indicated in the special benefit appraisal. The following chart shows the proposed value of the assessment, which is indicated as special benefit value, and also shows the comparison of the value indicated in the feasibility report. The feasibility report value was determined using the City's policy as outlined in the IMTF report. M_ Feasibility Special Difference W60 Report Valuem Benefit Value IN 32721420021 (Erickson M L _$212,797.65— $50,000 $162,797.65 ID 3602721440007 (Gerlach's) ID 3602721440014 (Swenson) $146,484.42 10 1 MCMINFEAM M LIMA U@=, _Mn--Z1 III $0 M_ The businesses have expressed concern over the proposed lower assessment value. The Finance Director has provided a comparison of other business assessments that have been levied against businesses properties for infrastructure projects in the City. Please see Director Roland's memo dated November 23, 2010. Revised Cost Estimate Summary: Cost Estimate Summary Assessment Breakout City Funds Breakout Location Construction Cost Total Cost* Assessed Amount Assessed Amount (Commercial / Industrial) Assessed Amount (Rural Residential) City Funds Stormwater Utility Fund Street Light utility General Levy West Point Douglas Road See Report for Calculation $868,385 $1,128,900 $179,653 $162,545 $17,108 $949,2471 $130,250 $0 $818,997 Signal System 100% of Total $300,000 $390,000 $0 $0 $0 $390,000 $0 $390,000 $0 TH 95 100% of Total $37,692 $49,000 $0 $0 $0 $49,000 $0 $0 $49,000 Land Acquisition $328,000.00 $328,000.00 Totals 1 $1,206,0771 $1,567,9001 $179,653 $162,5451 $17,1081 $1,388,2471 $130,250 $390,000 $867,997 * Includes 10% Contingency + 30% Indirect Costs The decreased amount in assessments will result in additional $401,905 funded by the City. The proposed funding to cover this gap will be from the City's MSA and Pavement Management Debt Service funds. Special Assessment Policy The special assessment policy states: For commercial/industrial lots outside the MUSA, 100% of - project c be assessed against benefited commercial/industrial lots. The assessment shall include both surface and sub-surface assessments . • will be apportioned among the W,etefited commercial/industrial lots as follows: • • 0 One third of the project costs will be apportioned among the commercial properties based on the number of linear feet abutting the improved street surface. Two thirds of the project costs will be apportioned among the commercial properties based on the areas of the properties, in square feet. 5.5.1.2. Sub-Surface Improvements Storm sewer - One third of the project costs will be apportioned among the commercial properties based on the number of linear feet abutting the improved street surface. Two thirds of the project costs will be apportioned among the commercial properties based on the areas of the properties, in square feet. Final evaluation of options Pros (to proceed) (Order the Project): 1. The project costs remain stable and can take advantage of good bidding environment. 2. Reduced maintenance and labor for maintaining street and storm water. 3. The project will reverse the deteriorating state of the roads and result in a new street surface with improved ride quality and drainage. Cons (to delay) (Do Not Order the Project): 1. The City would have to notify the MnDOT that the $594,000 would not be accepted. There is no guarantee if this funding could again be secured at a future date or at what level. Currently the City has received the maximum amount. 2. The $150,000 of concrete turn lanes on TH 61 would not be utilized. 3. Delay will create an increased project cost of approximately 5-8% annually. This directly would mean increased assessment by corresponding amount. 4. Increased maintenance cost for the area and less maintenance dollars for street repairs in other areas of the City as more dollars would need to be concentrated to this area. 5. Safety concerns would still exist with an at-grade crossing on a principal arterial. 51 1 71 1 ! 0 I X City of Cottage Grove Memo Public Safety To: Honorable Mayor and City Council City Administrator Ryan Schroeder From: Director of Public Safety Craig A. Woolery Date: November 15, 2010 Subject: RESPONSE TO CONCERNS REGARDING THE PROPOSED HIGHWAY 61/95 INTERSECTION IMPROVEMENTS In response to citizen concerns raised at a recent community meeting held on November 9, 2010 in the Pine Coulee/Country Wood neighborhood, the Public Safety Department was asked to make comments on the citizens' recommendations. Residents expressed concern that the extension of the frontage road would increase response times of Public Safety to the Pine Coulee/Country Wood neighborhoods. The additional time required for a southbound Highway 61 responder would be minimal. Response times in general, vary for several reasons, such as the location of the first responder when the call is received, the weather, the levels of traffic congestion and time of day. The benefits of removing an uncontrolled access and crossing of Highway 61 in lieu of all access being controlled by semaphores, greatly outweigh the minimal added time for first responders. There was also the mention of a slip ramp for southbound Highway 61 vehicles to exit to the frontage road in a residential speed zone. The Public Safety Department would prefer that all traffic be directed by the semaphore and not the slip ramp as this could create more opportunity for accidents at an uncontrolled intersection. Focusing all traffic to a semaphore controlled intersection with an opticom (which allows emergency vehicles to control the signal) is the overall preferred solution for this intersection. The Public Safety Department supports the improvements to the intersection and frontage road as proposed by MNDOT. IMEM11=1 Minnesota Department of Transportation Metro District Waters Edge Building O F — 1500 West County Road B-2 Roseville, MN 55113 November 16, 2010 (sent bv email only) Jennifer Levitt, KE, Cottage Grove City Engineer 8G3S West Point Douglas Road Cottage Grove, K8N55O16 Re: Hwy 61/Pt Douglas Drive Extension Dear Ms. Levitt: This letter b|n response to the city's question about a southbound Vwy 's 61 Dou8�sDr�eSouth remain aL the cunent|ouadoninsteadof turning et the Hwy 95 signal ao planned with the frontage road extension project. Leaving any movements at this location b not compatible with the purpose of this project. K8n/DOT agreed to provide funds to the project because all access was being shifted to the signal, we would not support this type of project change. M general goal is to improve the safety along Hwy 61byreducing direct access Hwy 6lat uncontrolled intersections. Access to this neighborhood and business area b best served attheHwygS signal. The frontage road extension tothe Hwy 61/95 signal provides reasonable access and iu the safest location for all the traffic movements tooccur. KAn/DOTb appreciative of the city's efforts to help improve the safety of Hwy 61bv pursuing this Cooperative Agreement Access Project and potentially other future coop projects along Hwy 61. Sincerely Adam Josephson 3" 8 0 w c o t! a a 3 d v d — G 0 c 0 0 o w o m in s N c N Q Q (M City of Cottage rove Finance Department TO: Honorable Mayor and City Council Ryan Schroeder, City Administrator FROM: Robin Roland, Finance Director DATE: November 23, 201 SUBJECT: Special Assessments levied against commercial/industrial properties on City projects As Council considers the 2011 Pavement Management/West Point Douglas Road project, questions may arise as to the amounts assessed against Commercial Properties in comparison to other completed City projects. The commercial properties on West Point Douglas Road are proposed to be assessed for amounts which, although significantly less than the amounts identified in the project feasibility study, still range from $20,000 to $50,000 per property. Although appraisals support these potential assessment values, the property owners may question whether they are being singled out to bear more of a burden than others. • Feasibility Special Report Value Benefit Value - Tir , - MI1 Z - Er - Fcff s n n e $212,797.65 En M-I Ill M Ilk 36!1,272144#1147 (Gerlach's) 111111MITITIT11111111 MEM - 1-1 ' $35,00 011 $192,684.42 $46,200 A historical analysis of pavement management projects from 1994 through the Thompson Grove phases I & 11 reflects that of the $7,336,106 in total special assessments, $1,029,737 (14%) was assessed to commercial/school district properties. Honorable Mayor, City Council, and Ryan Schroeder Page 2 of 2 Other projects with significant assessments to business included the 2000 Street Improvements project and the Roundabout project. Commercial properties assessed with the Roundabout project included Acorn Mini Storage ($34,917), Allina Health ($26,877), Menards ($59,296) and the Soo Line Railroad ($212,899) to name a few. Statutory requirements hold that as long as special assessments increase the value of a benefiting property, and said increase can be supported by appraisal valuation information, those special assessments are valid whether against residential or commercial properties. For Council's information only. N rm 6'1 [0007, /N 0 100 200 a" Horizontal Scale In Feet � � : � E .� / : ¥ -w CD . CD y 0 t \» C - E � . « CD . « a « CD . . . + \: : CD .. � ; cu e�, -,.. • • �. rr ' �, • • .. • VITI *.*I I'll, I'll, "I UJIMPIONIM 1:\48\48102840\CAD\DWG\4810284ZFDO5.DWG DATE: 11/10/10 COMM: 48-10284-0 A SPECIAL BENEFITS APPRAISAL RESTRICTED USE REPORT FORMAT (BRKW File No. 6521) SPECIAL BENEFITS VALUATION OF SEVEN RESIDENTIAL PROPERTIES AND FOUR COMMERCIAL PROPERTIES 2011 PAVEMENT MANAGEMENT PROJECT — PINE COULEE WEST POINT DOUGLAS ROAD EXTENSION PROJECT CITY OF COTTAGE GROVE, MINNESOTA. VALUATION DATE: OCTOBER 18, 2010 FOR CITY OF COTTAGE GROVE ATTN: HOWARD BLIN COMMUNITY DEVELOPMENT DIRECTOR 7516 80 STREET SOUTH COTTAGE GROVE, MN 55016 I: 1 PAUL J. GLEASON AND WILLIAM E. PETERSEN B 4L f! APPRAISALS, INC, REAL ESTATE VALUATION SERVICES November 8, 2010 City of Cottage Grove ATTN: Howard Blin Community Development Director 7516 80 Street South Cottage Grove, MN 55016 RE: Special Benefits Valuation of Seven Residential Properties and Four Commercial Properties 2011 Pavement Management Project — Pine Coulee West Point Douglas Road Extension Project Dear Mr. Blin: In accordance with your request, we are providing you with a special benefits appraisal pertaining to the above referenced public improvement projects proposed by the City of Cottage Grove. The effective date of valuation is October 18, 2010, which is the date of our inspection of the project area and subject properties. Based on our prior agreement, this appraisal is presented in a restricted use report format, in accordance with the requirements of the Uniform Standards of Professional Appraisal Practice. SPRUCE TREE CENTRE SUITE 314 1600 UNIVERSITY AVE ST PAUL MN 55104 651 °646 °6114 FAX 651 brkw @brkw,com The value benefits, if any, of street, utility and other such public improvements accrue to the land value component of a property, not to the value of buildings and other improvements on the land. Consequently, this special benefits analysis is limited to the valuation of only the land components of the properties appraised. The before - and -after valuation methodology has been used in this appraisal, which analyzes the market value of the subject land prior to the project in relation to the market value of the land after the project. The difference between the before and after opinions of market value reflects the value of special benefits to each of the appraised properties, as of October 18, 2010, as shown below: 2011 Pavement Management Project - Pine Coulee and West Point Douglas Drive Extension Project Opinion of Land Values and Property Value Benefits Property / Address Tax Parcel ID Land Area* Value Before Value After Special Benefit $ % 1. 11625 Leeward Avenue South 36- 027 -21 -31 -0007 0.54 ac. $47,000 $53,000 $6,000 12.8% 2. 11620 Leeward Avenue South 36- 027 -21 -31 -0012 0.99 ac. $76,500 $83,000 $6,500 8.5% 3. 11599 W. Point Douglas Road S. 36- 027 -21 -42 -0012 0.55 ac. $46,000 $52,000 $6,000 13.0% 4. 11825 Leeward Court South 36- 027 -21 -34 -0015 3.11 ac. $121,000 $130,000 $9,000 7.4% 5. 11820 Lofton Avenue South 36- 027 -21 -43 -0023 1.96 ac. $85,000 $92,000 $7,000 8.2% 6. 11860 Lockridge Avenue South 36- 027 -21 -34 -0006 1.88 ac. $105,000 $113,000 $8,000 7.6% 7. 11344 Leeder Avenue 36- 027 -21 -24 -0001 14.60 ac. 1 $213,000 $225,000 $12,000 5.6% 8. 11721 Point Douglas Drive South 36- 027 -21 -42 -0021 3.84 ac. $578,000 $628,000 $50,000 8.7% 9. 11827 W. Point Douglas Road S. 36- 027 -21 -44 -0007 0.87 ac. $202,000 $222,000 $20,000 9.9% 10. 11825 Point Douglas Road 36- 027 -21 -44 -0005 1.86 ac. $305,000 $340,000 $35,000 11.5% 11. 11865 Point Douglas Drive South 36- 027 -21 -44 -0014 3.53 ac. $307,100 $353,300 $46,200 15.0% *Land area in acres excludes road R/W, if any This appraisal assignment is not based on a requested minimum valuation or a specific valuation for approval of a loan. The opinions of market value and special benefits identified in this report were developed independent of any undue influence. The facts and information contained in this report were obtained from sources that are considered to be reliable and are true to the best of our knowledge and belief, but are not guaranteed. This appraisal report is contingent upon the assumptions and limiting conditions included within this report. BIBKW APPRAISALS, INC. PAGE 2 Your attention is directed to the following report which summarizes the data, analyses and conclusions that support the opinions of value. Sincerely, BRKW APPRAISALS, INC. Paul J. Glel ' on Certified General Real Property Appraiser Minnesota License #4003073 William E. Petersen Certified General Real Property Appraiser Minnesota License #4001649 BRKW APPRAISALS, INC. PAGE 3 PURPOSE/INTENT OF THE APPRAISAL/INTENDED USERS ..................................... % PROPERTY DLI&:BT8 APPRAISED .............................................................................. S MARKETVALUE DEFINITION ................................................................................. 4 CONTINGENT AND LIMITING CONDITIONS ........................................................... 5 DESCRIPTION K}FSUBJECT PROPERTIES ............................................................... 6 DESCRIPTION OF EXISTING IMPROVEMENTS ...................................................... 1O DESCRIPTION OF PROPOSED IMPROVEMENT8.,.-...........,,.,-.............,-J% PINE COULEE PROJECT AREA MAP ............................................................................... l4 WEST POINT DOUGLAS ROAD EXTENSION PROJECT AREA MAP ............................................ l5 20ll PAVEMENT MANAGEMENT PROJECT AERIAL MAP ..................................................... }6 comcErnzAL LAYOUT op WEST POINT DOUGLAS ROAD EXTENSION .................................... l7 HIGHEST AND BEST USE ........................................................................................ l9 SPECIAL BENEFIT CONCLN8%ON8......,........,,,........,...,....,,.......,..-.......,,.J9 SPECIAL BENEFIT ANALYSIS PROCESS ................................................................. Zl CERTIFICATION ..................................................................................................... %3 The addresses, tax parcel numbers, owners and legal descriptions, some of which are abbreviated, of the appraised properties, based on information provided by the Washington County and the City of Cottage Grove, are presented below. 2011 Pavement Management Project - Pine Coulee and West Point Douglas Road Extension Project Property / Address Tax Parcel # Owner Legal Description 1. 11625 Leeward Avenue S. 36- 027 -21 -31 -0007 Michael A. Kvamme Lot 2, Block 4, Pine Coulee Rosemary Kvamme 2. 11620 Leeward Avenue S. 36- 027 -21 -31 -0012 Richard B. & Dolores Lot 2, Block 5, Pine Coulee I. Koch RVC TRS Dated 11/24/08 3. 11599 W. Point Douglas Rd. S. 36- 027 -21 -42 -0012 James J. Haines Lot 2, Block 2, Pine Coulee Sheri L. Haines 4. 11825 Leeward Court S. 36- 027 -21 -34 -0015 Roger L. Tokheim Lot 4, Block 6, Pine Coulee Mary C. Tokheim 5. 11820 Lofton Avenue S. 36- 027 -21 -43 -0023 Carmen M. Brown Lot 13, Block 2, Countrywood 6. 11860 Lockridge Avenue S. 36- 027 -21 -34 -0006 Thomas R. McNiff Lot 13, Block 1, Countrywood 7. 11344 Leeder Avenue 36- 027 -21 -24 -0001 Michael J. Olson Part of SE1 /4 -NW1 /4 lying SLY Mary L. Olson of HWY 61, Sec. 36- 027 -21 8. 11721 Point Douglas Drive S. 36- 027 -21 -42 -0021 J INV RLS No. 71 Tract A -B & C R LAKELAND INV and part of Tract D 9. 11827 W. Point Douglas Rd. S. 36- 027 -21 -44 -0007 RSR Gerlach, LLC RLS No. 51 Tract B (except R/W 10. 11825 Point Douglas Road 36- 027 -21 -44 -0005 Dubois Remodeling RLS No. 51 Tract A Depot, LLC (except R/W) 11. 11865 Point Douglas Drive S. 36- 027 -21 -44 -0014 Alan E. Swenson Lengthy, on file Rhonda K. Ott- Swenson BRKW APPRAISALS, INC. PAGE 1 The purpose of the appraisal is to develop an opinion of the value of special benefits, if any, that will accrue to seven residential properties and four commercial properties resulting from the proposed 2011 Pavement Management Project - Pine Coulee and the West Point Douglas Road Extension Project in Cottage Grove, Minnesota. The aforementioned projects will be constructed within the same general time period. The intent of the special benefits appraisal is to assist City of Cottage Grove officials in determining the appropriate and equitable amount of special assessments that may be levied against benefiting properties located in the area of the proposed improvements. The intended users of the report are officials of the City of Cottage Grove. The City of Cottage Grove is proposing to rehabilitate several streets in the Pine Coulee area (which includes rural residential subdivisions Pine Coulee and Countrywood) as part of its 2011 Pavement Management Project. Streets to be rehabilitated include Lofton Avenue South, Lockridge Avenue South, West Point Douglas Drive, Leeward Avenue South, Layton Avenue South, Lehigh Avenue South and Leeward Court South. Leeward Avenue South between the Layton Avenue South loop will be fully reconstructed. In addition, existing West Point Douglas Road will be reconstructed and an extension will be constructed southeast to the existing intersection at Highway 61 and Highway 95 (Manning Avenue). Project maps and a more detailed description of the proposed improvements are presented on later pages. A total of 11 properties within the area of the proposed improvements have been appraised in this report. The opinions of special benefits developed in this appraisal for the appraised properties will be used by the City of Cottage Grove as a basis for levying special assessments to other benefiting properties in the area of the projects. The exhibits on pages 14 -18 indicate properties proposed for assessment. A viewing of the project area and exterior inspections of the 11 appraised subject properties were made on October 18, 2010, which is the effective date of valuation. Since the benefits of public improvement projects such as street rehabilitation accrue to the land component of properties only, the valuation in this report involves land only. Opinions of the market value of the subject properties have been developed in this appraisal using the Direct Sales Comparison Approach. This approach, which is the one most appropriate for valuing land, involves the comparison and analysis of land parcels recently sold which are similar to the land being appraised. The application of the Cost and Income Approaches typically applies only when a property valuation includes buildings and other improvements having contributory value. The subject land parcels are valued before and after the proposed project improvements. The difference between the before and after opinions of market value is the special benefit value attributable to the proposed project. BRKW APPRAISALS, INC. PAGE This report is presented in the restricted use report format in compliance with the reporting requirements of Standards Rule 2 -2 (c) of the Uniform Standards of Appraisal Practice (USPAP). The results of the analysis and the conclusions pertaining to the value benefits to the subject properties are presented in an abbreviated manner in this report, at a level of detail sufficient for the needs of the intended users. Additional notes, analyses, and supporting data are retained in the appraisers' office workfile. The opinions and conclusions stated in this report may not be understood properly without additional information in the workfile. The report is intended to be read and used only by the intended users identified herein. COMPETENCY PROVISION Paul J. Gleason has been a full -time professional real estate appraiser since April 1992. William E. Petersen has been a full -time professional real estate appraiser since November 1986. Provided later in this report are summaries of their professional qualifications. The educational training and extensive work experience of the appraisers, each of whom is licensed as a Certified General Real Property Appraiser, enable completion of this appraisal assignment in a professional manner consistent with the intent of the competency provision of the Uniform Standards of Professional Appraisal Practice. The property rights appraised are those of the fee simple estate. r�re.�ncel RKW APPRAISALS, INC. PAGE 3 Property Zoning District 1. 11625 Leeward Avenue South R -2, Residential Estate District 2. 11620 Leeward Avenue South R -2, Residential Estate District 3. 11599 W. Pt. Douglas Road South R -2, Residential Estate District 4. 11825 Leeward Court South R -2, Residential Estate District 5. 11820 Lofton Avenue South R -2, Residential Estate District 6. 11860 Lockridge Avenue South R -2, Residential Estate District 7. 11344 Leeder Avenue AG -1, Agricultural Preservation District 8. 11721 Point Douglas Drive South B -2, Retail Business District 9. 11827 W. Point Douglas Road South B -3, General Business District 10. 11825 Point Douglas Road B -3, General Business District 11. 11865 Point Douglas Drive South B -3, General Business District RKW APPRAISALS, INC. PAGE 3 MARKET VALUE DEFINITION Market Value as defined by the United States Department of the Treasury through the Comptroller of the Currency and the Office of Thrift Supervision is: The most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: ♦ buyer and seller are typically motivated; ♦ both parties are well informed or well advised, and each acting in what he considers his own best interest; ♦ a reasonable time is allowed for exposure in the open market; ♦ payment is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto; and ♦ the price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions granted by anyone associated with the sale. This definition is also recognized by the Appraisal Foundation and is part of the Uniform Standards of Professional Appraisal Practice (USPAP). BRKW APPRAISALS, INC. PAGE 4 1 1- 1 1 i This appraisal report is subject to the following Limiting Conditions and Assumptions: 1. The legal descriptions contained herein are assumed to be correct. 2. The appraiser assumes no responsibility for matters legal in nature affecting the property appraised or the title thereto, nor does the appraiser render any opinion as to the title, which is assumed to be good and marketable. The property is appraised as though under responsible ownership.. 3. No survey has been prepared of the property by the appraiser and no responsibility is assumed in connection with such matters. Sketches in this report are included only to assist the reader in visualizing the property. 4. Information furnished by others is assumed to be reliable. However, the appraiser assumes no responsibility for its accuracy. 5. In cases where no soil tests have been submitted, the appraiser has assumed a good subsoil condition, subject to visual observations noted in the report. 6. The appraiser assumes that there are no hidden or unapparent conditions of the property, subsoil or structures, which would render it more or less valuable. The appraiser assumes no responsibility for such conditions or for engineering that might be required to discover such factors. 7. The appraiser is not required to give testimony or appear in court because of having made this appraisal with reference to the property in question, unless arrangements have been previously made. 8. The distribution of the total valuation in this report between land and improvements applies only under the highest and best use of the property. 9. The Bylaws and Regulations of the professional appraisal organizations with which the appraiser is affiliated govern disclosure of the contents of the appraisal report. IO.Possession of this report, or a copy thereof, does not carry with it the right of publication. It may not be used for any purpose by any person other than the party to whom it is addressed without the written consent of the appraiser, and, in any event, only with proper written qualifications and only in its entirety. It. Neither all nor any part of the contents of this report, or a copy thereof, shall be conveyed to the public through advertising, public relations, news, sales or any other media without written consent and approval of the appraiser. Nor shall the appraiser, firm or professional organization of which the appraiser is a member be identified without the written consent of the appraiser. 12. The value conclusion assumes all taxes and special assessments are paid in full. 13. The after improvements valuation in this appraisal assumes proposed improvements have been completed in accordance with the description of the proposed work provided to the appraisers by the City of Cottage Grove. BRKW APPRAISALS, INC. PAGE 5 Neighborhood The subject properties are located in an established residential and commercial area in the extreme southeast part of Cottage Grove, commonly referred to as the Pine Coulee area. The properties are in the southwest quadrant of Highway 61 and Highway 95 (Manning Avenue South). Properties require private well and septic since no public utilities are available. Sole access for residential and commercial properties from Highway 61 is at an unsignalized access opening on the highway roughly midway between Lockridge and Lofton Avenues. Left turns to and from the subject area are provided through a break in the median. Highway 61 at this location has a traffic count of 29,500 vehicles per day. The majority of the residential lots are within two subdivisions: Pine Coulee and Countrywood. There are 37 platted residential lots in Countrywood. One lot is vacant and one house uses a double lot. Homes were built between 1974 and 1988, with the exception of two. Home sites range from 1.47 to 3.51 acres. Most homes are assessed in the mid - $200,000 to mid - $300,000 range for taxes payable in 2011. There are 48 platted residential lots outside of Countrywood, 39 in Pine Coulee and nine in R.L.S. #83. Homes were built between 1963 and 1988. Home sites range from 0.53 to 6.12 acres. Assessed values for 2011 taxes range from $188,700 to $323,200. Highway 61 in the southeast part of Cottage Grove, and into nearby Hastings, is strip commercial in character with marine, RV, automobile and power equipment businesses typical. Residential Properties Following are brief descriptions of the seven appraised residential properties, which include six platted single- family lots and one 14.60 -acre agricultural -zoned parcel used as a residential building site. Land areas are provided by Washington County and subject to survey. 1. 11625 Leeward Avenue South BRKW APPRAISALS, 2. 11620 Leeward Avenue South This property fronts the westerly side of Leeward Avenue South less than 100 feet southwesterly of Lehigh Avenue South. The lot contains 43,078 square feet or 0.99 acres. Based on the inspection coupled with a review of aerial photos, the land is generally level and has many mature trees throughout. The interior lot has the shape of an irregular rectangle with 206.54 feet of frontage on Leeward Avenue South. The estimated market value for payable taxes in 2011 is $196,300, which is divided $80,400 land and $115,900 dwelling. The house on the site was built in 1969, which is typical for the immediate area, where most of the homes date from the mid -1960s to the mid- 1970s. 3. 11599 West Point Douglas Road South This property fronts the southwesterly side of West Point Douglas Road South 100 feet northwesterly of Lockridge Avenue South. The land area is 24,000 SF or 0.55 acres. The interior lot has 120 feet of frontage on West Point Douglas Road South with a depth of 200 feet. The site is generally level, at street grade, and has trees along the edges with the house in the central portion. The estimated market value for taxes payable in 2011 is $237,900, divided $80,400 land and $157,500 dwelling. The house was built in 1982. 4. 11825 Leeward Court South This property is on the south side of the Leeward Court South cul -de -sac. The land area is 135,428 SF or 3.11 acres. Frontage on the cul -de -sac is about 128 feet. The cul -de -sac paved turnaround lane is 13 feet wide, which is less than the required minimum of 20 feet by the current fire code. The lot is wooded and has an elevated view of the Mississippi River, with the rear of the site having a downward slope. Approximately 37% of the lot is encumbered by a drainage and utility and walkway easement. The estimated market value for taxes payable in 2011 is $280,500, which is divided $126,700 land and $153,800 dwelling. The house was built in 1964. 5. 11820 Lofton Avenue South This property fronts the westerly side of Lofton Avenue South adjacent to Erickson Marine. The lot contains 85,203 SF or 1.96 acres, with 200 feet of frontage on Lofton Avenue. The lot is generally level, slightly above street grade and partially wooded. The metal storage buildings of Erickson Marine are adjacent along the northeasterly lot line. The estimated market value for taxes payable in 2011 is $235,400, which is divided $110,100 land and $125,300 dwelling. The house was built in 1988. BRKW APPRAISALS, INC. PAGE 7 6. 11860 Lockridge Avenue South This property is on the cul -de -sac at the southwesterly termination of Lockridge Avenue South. The land area is 82,023 SF or 1.88 acres. The rectangular lot is wooded and has an elevated view of the nearby Mississippi River. The front of the site is at a higher elevation than the rear, which is within a DNR Protected Watercourse with a creek. Approximately 27% of the lot is encumbered with a flowage easement. The estimated market value for taxes payable in 2011 is $356,900, which is divided $114,400 land and $242,500 dwelling. The house was built in 1974. 7. 11344 Leeder Avenue This is a triangular- shaped agricultural -zoned parcel which is currently used as one residential building site. Land area is 14.60 acres. The property is guided Rural Residential and may not be subdivided. The property fronts the southerly side of Highway 61, but has no access from the highway. The westerly 40 %, more or less, of the land is used for crops. A single- family residence and outbuildings are in the central part of the parcel. The easterly 60 %, more or less, of the site is wooded. No public water or sanitary sewer is available. Access to the property is from adjacent Layton Avenue South via a private gravel driveway on a 60- foot -wide public right of way. The driveway is indicated as a private road on the street sign. The estimated market value for taxes payable in 2011 is $371,200, which is divided $237,200 land and $134,000 dwelling. The house on the land was built in 1973. The property is homesteaded and classified as residential by the Washington County Assessor. Commercial Properties The four commercial properties are along the southerly side of Highway 61. Three of the properties are improved and operational and the fourth is undeveloped. The highway frontage road is called West Point Douglas Road. It is noted that the highway frontage road is alternately referred to on various maps and informational data as Point Douglas Road South, West Point Douglas Road South, Point Douglas Drive South and Point Douglas Road West. The addresses below for the appraised properties are those provided by Washington County. i 1 MIUSIM= BRKW APPRAISALS, INC. PAGE 8 9. 11827 West Point Douglas Road South This lot, which is improved with a retail sales and service facility for Gerlach Outdoor Power Equipment, is located at the southeasterly corner of West Point Douglas Road and Lofton Avenue South. The land area is 38,032 SF or 0.87 acres. The rectangular corner lot has roughly 192 feet along the highway frontage road, which provides access. There also is about 214 feet of frontage and access on Lofton Avenue South. The estimated market value for taxes payable in 2011 is $405,300, which is divided $209,200 land and $196,100 improvements. The county provides a building construction date of 1972 with an addition in 1999. 10. 11825 Point Douglas Road This parcel fronts the southwesterly side of West Point Douglas Road approximately 200 feet southeast of Lofton Avenue South. The land area is 81,180 SF or 1.86 acres. The interior lot is level and rectangular in shape with about 200 feet of road frontage. The lot has direct access on the fronting street. The site is currently improved with two buildings providing showroom, office and storage for Dubois Design and Remodeling, a contractor for siding, doors, gutters and remodeling. The estimated market value for taxes payable in 2011 is $673,000, which is divided $324,700 land and $348,300 improvements. 11. 11865 Point Douglas Drive South This undeveloped commercial -zoned parcel contains 153,912 SF or 3.53 acres, of which 106,358 SF or 2.44 acres is considered buildable. The balance of the parcel, approximately 1.09 acres, is unbuildable due primarily to topographical issues including severe slope. The buildable portion is irregular in shape, generally level and partially wooded. The property is near the dead end of existing West Point Douglas Road and adjacent to the unimproved right of way for the proposed construction of West Point Douglas Road to the Manning Avenue intersection. BRKW APPRAISALS, INC. PAGE 9 Pine Coulee 2011 Pavement Management Project Area The Pine Coulee project area includes several streets which are depicted in the color map on page 16: 1. The streets within the project area were originally constructed in the early 1970s and are classified rural residential. 2. The streets are relatively thin with respect to the thickness of the pavement and the underlying aggregate base. According to engineering tests, the average street section consists of 3" bituminous paving over 2.75" of gravel. Existing Street Sections - Pine Coulee/Countrywood NO. Location Materials 1 11880 Lofton Ave 3" Bituminous, 3.5" Gravel, 10" Lean Clay, Sand 2 11821 Lockridge Ave 4" Bituminous, 6" Gravel, 6" Sand with Silt 3 11701 Lockridge Ave 3" Bituminous, 3" Gravel, 4.5" Sand 4 11600 Lockridge Ave 3" Bituminous, 4" Gravel, 2" Sand, 6" Sand with Silt 5 11566 Leeward Ave 2.5" Bituminous, 3" Gravel, 55' Sand, Mixed Soils & Organics 6 11660 Lehigh Ave 2.5" Bituminous, 7" Mixed Soils, Clean Sand 7 11700 Lehigh Ave 3" Bituminous, 2" Gravel, Mixed Soils 8 11827 Leeward Ct 3" Bituminous, 3" Gravel, 3" Sand, Clay & Organics 9 11680 Leeward Ave Bituminous, 1" Gravel, 5" Mixed Soils, Clay & Organics 10 11760 Layton Ave — 1.5" 4" Bituminous, 3" Gravel, Clean Sand 11 11680 Layton Ave 4" Bituminous, 2" Gravel, 7" Sand with Silt -- T27.11570 Layton Ave 3.5" Bituminous, 3" Gravel, 4" Mixed Soils, 7" Sand with Silt Source: Bonestroo 3. Generally, streets range from 21 to 24 feet in width. The only exception is the Leeward Court South cul-de-sac pavement which is 13 feet wide at the turnaround. The minimum access width requirement per the fire code is 20 feet. 4. The Pavement Condition Index (PCI) of these streets ranges from 22 to 40 on a scale of I to 100, with 100 being the condition of a now street. Streets in the 22 to 40 PCI range are classified as "poor" and "very poor". Seal coats and overlays are no longer viable options to maintain the streets. 5. The streets have no concrete curb and gutter. The original gravel shoulders have been either overlayed with new bituminous or covered with vegetation over time. 6. There is a very small amount of existing storm sewer within the area. Existing storm sewer has been pieced together over time with product materials and construction methods that do not follow typical City of Cottage Grove standards. BRKW APPRAISALS, INC. PAGE 10 7. There is no public sanitary sewer or watermain. 8. Lofton Avenue is the only street that consistently has culverts at driveways. Other streets have little to no ditch definition. Yards have typically been graded out to the edge of the street. Drainage follows the street and must cross over driveways. 9. Leeward Avenue has three parallel 60" culverts that convey runoff through a major drainway. The street section adjacent to the cross culverts has bituminous curb and gutter. 10.The sole access into the project area is from an unsignalized access on Highway 61, which provides left turns across a break in the median. The highway carries 29,500 vehicles per day. West Point Douglas Road Extension Project Area 1. West Point Douglas Road has one access on Highway 61 approximately midway between Lofton Avenue South and Lockridge Avenue South. The access is available to both northbound and southbound traffic on the highway. There is a break in the highway median to allow for left turns. 2. West Point Douglas Road extends from its present access on Highway 61 approximately 1,100 feet southeast where it terminates at a residential driveway. The driveway is approximately 700 feet northwest of the intersection of Highway 61 and Highway 95 (Manning Avenue South). The area between the residential driveway and the intersection is undeveloped. 3. West Point Douglas Road has bituminous paving ranging from 2" to 2.25" thick over an aggregate base course ranging from 3.5" to 18" thick. 4. There is no public sanitary sewer or watermain. 5. There is no curb and gutter. The storm sewer system utilizes the adjacent Highway 61 ditch as a primary means to convey flow out of the area. Reportedly, some areas have sheet flow of water across the road to discharge into the highway ditch. 6. The intersection of Highway 61 and Highway 95 is a signalized three - legged intersection. T;RKW APPRAISALS, INC. PAGE 11 Pine Coulee 2011 Pavement Management Project 1. For the majority of the streets, it is proposed to add 2 to 4 inches of add -rock over the existing pavement prior to reclamation. The add -rock, pavement and existing gravel base will be reclaimed to a depth of approximately eight inches. The reclaimed material will be shaped and graded to allow for 3.5 inches of new pavement. The resulting street section will have 3.5 inches of new bituminous over 7 to 8 inches of reclaimed aggregate base. The streets will be raised 5 to 8 inches, improving the depth of the adjacent shallow ditches and bringing uniformity to the pavement sections. 2. The section of Leeward Avenue between the Layton Avenue loop will be reconstructed. Subgrade excavation will be performed, followed by placement of an aggregate backfill, construction of aggregate base, and paving. All streets will remain the same width with the exception of the Leeward Court South cul -de -sac. The existing pavement at the cul -de -sac turnaround has a width of 13 feet. The turnaround will be widened to meet the minimum access width of 20 feet per the fire code. 4. Each driveway will receive an apron, either bituminous or concrete depending on what exists in the before situation. 5. A bituminous bump -out will be constructed for each mailbox, helping to reduce wheel rutting adjacent to the edge of the road. 6. Existing storm sewer will be replaced with materials conforming to current city standards. 7. Existing bituminous curb and gutter along the culverts at Leeward Avenue will be replaced with concrete curb and gutter. 8. Approximately seven infiltration features will be constructed along the project corridor to provide water quality treatment and runoff volume reduction. Residents will be offered the option of rain gardens instead of turf grass in these locations. West Point Douglas Road Extension BRKW APPRAISALS, INC. PAGE 12 2. The intersection of Highways 61 and 95 will become a four - legged intersection, with West Point Douglas Road constituting the fourth leg. 3. The signal system at the intersection will be modified to allow for controlled access onto Highway 61 from West Point Douglas Road. 4. The existing Highway 61 access will be closed and graded as a continuation of the existing ditch. 5. A right turn lane at the Highway 95 intersection will be constructed for southbound Highway 61 traffic. A left turn lane will be constructed at the Highway 95 intersection for northbound traffic on Highway 61. 6. Approximately 300 feet of Lofton Avenue South will be reconstructed as it extends southwesterly of West Point Douglas Road. This will allow for drainage issues to be addressed through the intersection. 7. Parking bays will be provided along the easterly side of West Point Douglas Road to maintain current parking that occurs in that area. Parking bays will also be provided on reconstructed Lofton Avenue South. 8. Existing accesses will be reconstructed to the right -of -way line. Surmountable curb will be used in areas where existing parking areas are located directly adjacent to the roadways. 9. Barrier curb will be installed along the entire east side of West Point Douglas Road to prevent parking in the ditch area between the roadway and Highway 61. 10. The existing segment of West Point Douglas Road will continue to drain into the adjacent Highway 61 ditch. 11. The new segment of West Point Douglas Road will drain to a storm water feature that is proposed to include a pre - treatment water quality cell and biofiltration basin to provide water quality treatment. 12. The new portion of West Point Douglas Road will be constructed with an urban road section with curb and gutter and catch basins at appropriate locations to provide proper drainage. 13. The West Point Douglas Road extension will provide the primary and sole access from Highway 61 to residential properties in the Pine Coulee project area, including the Pine Coulee and Countrywood subdivisions, as well as to the commercial properties fronting West Point Douglas Road. $ILKW APPRAISALS, INC. PAGE 13 G sro H.¢m" PINE COULEE & HOWARD'S ADDITION CITY OF COTTAGE GROVE, MN FIGURE 3 Cottage Grove 2011 PAVEMENT MANAGEMENT PROJECT = 1'.\48\ 48102890\CAD\DM\4810289ZFDO&DWG DATE: COMM: BRKW APPRAISALS, INC. PAGE 14 LOCATION PLAN t- COTTAGE GROVE, MINNESOTA FIGURE. I jw BGnestm WEST POINT DOUGLAS ROAD EXTENSION I:X48W102840'��WA DWG�4810284ZFD03.DWG DATE: 10114/10 COMM: 4810284 BRKW APPRAISALS, INC. PAGE 15 h" F Vil - { � {4.� 0 0 0 t— ra W C7 eC a i 11V, • a • I ER r rv�a m yT 6 L HIGHEST AND BEST USE Highest and Best Use - Before Proposed Improvements As Vacant The highest and best use of each of the platted residential lots is for a single family homesite, which is how they are currently used. The 14.60 -acre parcel zoned AG -1, Agricultural Preservation District may not be subdivided. Its highest and best use is for one building site, which is how it is now used. The four commercial -zoned lots in the West Point Douglas Road Extension Project area have highest and best use for commercial purposes in conformance with their existing zoning. As Improved Only the land components of the subject properties are being appraised. Therefore, the highest and best use, as improved, is not addressed. Highest and Best Use - After Proposed Improvements After the proposed street and related improvements are completed, the highest and best use of the subject properties is unchanged relative to the before improvements position. SPECIAL BENEFIT CONCLUSIONS 1. Before the proposed improvements, the roads in the project area are old and deteriorated. The roadways are approaching the end of their physical lives. It can be anticipated that further deterioration will result in a worsening of problems associated with advanced age, including improper drainage, uneven driving surfaces, increased formation of potholes, etc. 2. It is recognized that the condition and quality of streets serving and fronting residential properties influences the value, curb appeal and general desirability of the properties. 3. The proposed rehabilitation of the roads serving the subject properties will substantially improve the safety, convenience and general appeal of access into and out of the subject properties. The project will reverse the deteriorating state of the roads and result in new street surfacing. 4. Safety aspects for vehicles traveling on a new street are enhanced by the elimination of potholes, cracks, etc. Street icing problems are reduced as water is more efficiently diverted off the roadway surface that could otherwise collect in the deteriorated street areas during frost seasons. The installation of rain gardens in the Pine Coulee project area will better handle heavy rain events and eliminate ponding of water and /or washouts along roadways. BRKW APPRAISALS, INC. PAGE 19 6. The raising of the streets by 5 to 8 inches in the Pine Coulee project area will improve overall drainage and water runoff, improving the depth of existing drainage ditches along the roadways. 7. The creation of a wider turnaround lane on the Leeward Court South cul -de -sac will increase the quality of ingress and egress for emergency vehicles. 8 The special benefit accruing to each of the properties in the project areas can vary somewhat from property to property. This is due to differences among the properties with respect to lot size and property value, among other factors. 9. The closing of the existing Highway 61 access on West Point Douglas Road, in conjunction with the extension of West Point Douglas Road to the signalized highway intersection at Manning Avenue, will increase overall safety into the area. The new access at the signalized Highway 61 /Highway 95 intersection will create a safer ingress and egress for area residents and for owners, employees and patrons of the commercial properties. In the before situation, the existing access into the area on Highway 61 is uncontrolled by a signal system and requires left turns through a break in the median on a highway carrying 29,500 vehicles per day. The West Point Douglas Road Extension Project results in a safer access route to and from the highway, benefitting all area properties. Commercial properties in particular rely heavily on good access quality. The ease, convenience and safety with which vehicles can enter and exit a commercial establishment is a significant factor that contributes at least in part to the success of that establishment. 10.A significant amount of benefit resulting from the projects is special, attaching to the properties directly fronting and accessing the rehabilitated streets, including the subject properties. BRKW APPRAISALS, _. Arriving at an opinion of special value benefits accruing to each of the subject properties as a result of the proposed improvements is accomplished by developing "before improvements" and "after improvements" opinions of market value for the eight appraised land parcels. The improvements on the land are concluded to have the same value contributions to the total property value in both the "before and after" improvements positions. Consequently, the opinion of direct value benefits from the public improvements project can be reliably developed by analyzing the value of the land only, by processing the Direct Sales Comparison Approach. The Direct Sales Comparison Approach, which involves the comparison of recently sold land parcels similar to the subject land parcels, is applied to the valuation of the subject properties. The comparable sales are analyzed and adjustments are made for value - related differences relative to the subject properties. The result of the analysis and adjustments is the generation of value indications for each of the appraised subject properties. The strengths and weaknesses of each comparable sale and its value indication are evaluated before arriving at a final value opinion of each subject property. Additional data and analyses employed during the before - and -after valuation process, including adjustment grids, are retained in the office workfile at BRKW Appraisals. Opinion of Land Value Before Improvements The subject properties vary greatly with respect to type, size and value. Accordingly, the comparable sales are comprised of several different land types. The appropriate comparable sales were chosen in the valuation of each of the subject properties. After adjustments are made to the prices of the comparable land sales for value - related differences in relation to the subject land, the comparables provide value indications for each of the subject properties. Before - improvements value opinions are developed for each of the subject properties based on the value indications of the comparable sales. The appraisers reviewed current listings of land, since that often provides an indication of present values. The opinions of value for the subject properties prior to the proposed street and related improvements are shown on the next page. after- improvements Opinion of Land Value After Improvements Similar to the b efore- improvements valuation, in the after-improvements valuation tho opinion is developed for each of the subject properties based on the value indications provided by the comparable sales. The opinions of value after improvements for each subject property are shown on the next page. RKW APPRAISALS, INC. PAGE 21 Special Value Benefits From Improvements Project The before- improvements values are subtracted from the after - improvements values, resulting in opinions of special value benefits to each of the subject properties resulting from the proposed roadway rehabilitation project, as indicated below. 2011 Pavement Management Project - Pine Coulee and West Point Douglas Drive Extension Project Opinion of Land Values and Property Value Benefits Property / Address Tax Parcel ID Land Area* Value Before Value After Special Benefit $ % 1. 11625 Leeward Avenue South 36- 027 -21 -31 -0007 0.54 ac. $47,000 $53,000 $6,000 12.8% 2. 11620 Leeward Avenue South 36- 027 -21 -31 -0012 0.99 ac. $76,500 $83,000 $6,500 8.5% 3. 11599 W. Point Douglas Road S. 36- 027 -21 -42 -0012 0.55 ac. j $46,000 $52,000 $6,000 13.0% 4. 11825 Leeward Court South 36- 027 -21 -34 -0015 3.11 ac. $121,000 $130,000 $9,000 7.4% 5. 11820 Lofton Avenue South 36- 027 -21 -43 -0023 1.96 ac. $85,000 $92,000 $7,000 8.2% 6. 11860 Loclaidge Avenue South 36- 027 -21 -34 -0006 1.88 ac. $105,000 $113,000 $8,000 7.6% 7. 11344 Leeder Avenue 36- 027 -21 -24 -0001 14.60 ac. $213,000 $225,000 $12,000 5.6% 8. 11721 Point Douglas Drive South 36- 027 -21 -42 -0021 3.84 ac. $578,000 $628,000 $50,000 8.7% 9. 11827 W. Point Douglas Road S. 36- 027 -21 -44 -0007 0.87 ac. $202,000 $222,000 $20,000 9.9% 10. 11825 Point Douglas Road 36- 027 -21 -44 -0005 1.86 ac. $305,000 $340,000 $35,000 11.5% 11. 11865 Point Douglas Drive South 36- 027 -21 -44 -0014 3.53 ac. $307,100 $353,300 $46,200 15.0% *Land area in acres excludes road R /W, if any BRKW APPRAISALS, INC. PAGE The undersigned does hereby certify that in this appraisal report: 1. This appraisal assignment is not based on a requested minimum valuation or specific valuation for approval of a loan. The estimate of market value identified in this report was developed independent of any undue influence. 2. Neither our engagement to make this appraisal (or any future appraisals for this client), nor any compensation, therefore, are contingent upon the development or report of a predetermined value or direction in value that favors the cause of the client, the amount of value estimate, the attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended use of the appraisal. 3. Our engagement in this assignment was not contingent upon developing or reporting predetermined results. 4. We have no present or contemplated future interest in the real estate that is the subject of this appraisal report. 5. We have no personal interest or bias with respect to the subject matter of this appraisal report or the parties involved. 6. To the best of our knowledge and belief the statements of fact contained in this appraisal report upon which the analyses, opinions and conclusions expressed herein are based, are true and correct. 7. The reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions, and are our personal, impartial, and unbiased analyses, opinions, and conclusions. 8. This appraisal report has been made in conformity with and is subject to the requirements of the Code of Professional Ethics and Standards of Professional Conduct of the Appraisal Institute, and the Uniform Standards of Professional Appraisal Practice. 9. No one provided significant professional assistance to the persons signing this certification. 10. We have made a personal inspection of the property that is the subject of this report. 11. The use of this report is subject to the requirements of the Appraisal Institute relating to review by its duly authorized representatives. 12. As of the date of this report, Paul J. Gleason has completed the Standards and Ethics Education Requirement of the Appraisal Institute for Associate Members. 13. The by -laws and regulations of the Appraisal Institute govern disclosure of the contents of this appraisal report. 14. Neither all nor any part of the contents of this report (especially any conclusions as to value, the identity of the appraiser or the firm with which he /she is connected, or any reference to the Appraisal Institute or MAI designation) shall be disseminated to the public through advertising media, public relations media, news media, sales media, or any other public means of communication without the prior written consent and approval of the undersigned. 15. We have the knowledge and experience to complete this appraisal in a competent manner. Neither our company nor ourselves individually have been sued by a regulatory agency or financial institution for fraud or negligence involving an appraisal report. ? Pa�ul d JGleJ,n Certifie General Real Property App raiser Minnes License #40 William E. Petersen Certified General Real Property Appraiser \I #, w s • t . r 9 BRKW APPRAISALS, INC. PAGE 23 PROFESSIONAL QUALIFICATIONS PAUL J. GLEASON BRKW APPRAISALS, INC. 1600 University Avenue, Suite 314 St. Paul, Minnesota 55104 Telephone: (651) 646 -6114 Facsimile: (651) 646 -8086 e -mail: pgleason @brkw.com PROFESSIONAL MEMBERSHIPS AND ASSOCIATIONS General Associate Member - The Appraisal Institute To date, all required courses for Member of Appraisal Institute (MAI) designation have been taken and course examinations passed; Comprehensive Examination for MAI designation has been passed. LICENSE Certified General Real Property Appraiser - State of Minnesota — License 44003073 EDUCATION University of Wisconsin at La Crosse, Wisconsin, 1985 Bachelor of Science Degree in Business Administration PROFESSIONAL REAL ESTATE STUDIES The Appraisal Institute Course 110: Appraisal Principles (examination passed), 1994 Course 120: Appraisal Procedures (examination passed), 1994 Course 210: Residential Case Study, 1994 Course 310: Basic Income Capitalization, 1996 Course 410: National Uniform Standards of Prof. Appraisal Practice, 2003 Course 420: Business Practices and Ethics, 2003 Course 510: Advanced Income Capitalization, 2002 Course 520: Highest and Best Use and Market Analysis, 2000 Course 530: Advanced Sales Comparison and Cost Approaches, 1999 Course 540: Report Writing and Valuation Analysis, 2001 Course 550: Advanced Applications, 2000 Prosource Educal Appraisal 101: Appraisal 102: Appraisal 103: Appraisal 104: Appraisal 105: ional Services, St. Paul, MN Intro to Appraisal Principles I, 1992 Intro to Appraisal Principles II, 1992 Intro to Appraisal Practices 1, 1992 Intro to Appraisal Practices 11, 1992 Intro to Appraisal Standards and Ethics, 1992 Numerous Additional Seminars and Classes For Continuing Education From Appraisal Institute and Other Sources, 1993-present BRKW APPRAISALS, INC. PAGE 2 Professional Qualifications - Paul J. Gleason Page 2 EXPERIENCE Principal — BRKW Appraisals, Inc., St. Paul, MN 1/07-present Staff Appraiser — BRKW Appraisals, Inc., St. Paul, MN 10/93-12/06 Certified Appraisers, Excelsior, MN 8/93 - 10/93 Stiles Appraisals, Inc., Plymouth, MN 4/92 - 08/93 PARTIAL LIST OF CLIENTS City of Burnsville City of Cottage Grove City of Eagan City of Plymouth City of Savage City of Woodbury Dakota County Parks Department M&I Bank Minnesota Bank & Trust Minnesota Department of Transportation Various other communities, counties, attorneys and individuals Revised: October 2010 BRKW APPRAISALS, INC. PAGE 25 .. �> WILLIAM E. PETERSEN BRKW APPRAISALS, INC. Telephone: (651) 646 -6114 1600 University Avenue, Suite 314 Facsimile: (651) 646 -8086 St. Paul, Minnesota 55104 EDUCATION: D.D.S. Degree, School of Dentistry, University of Minnesota, Minneapolis, MN 1970 St. Paul Central High School, St. Paul, MN 1963 PROFESSIONAL REAL ESTATE STUDIES S.R.E.A. Course 101: "Introduction to Appraising Real Property ", 1987 S.R.E.A. Course 102: "Applied Residential Property Valuation ", 1988 S.R.E.A. Course 201: "Principles of Income Property Appraising ", 1987 S.R.E.A. Course 202: "Applied Income Property Valuation ", 1989 Appraisal Institute Course 410: "Standard of Professional Practice (Part A) ", 1991 Appraisal Institute Course 420: "Standards of Professional Practice (Part B) ", 1991 Advanced Yield Capitalization, Prosource, 1993 How to Avoid Environmental Hazards Liability, Prosource, 1994 1994 Appraisal Standards and Regulatory Update, Prosource, 1994 Discounted Cash Flow Analysis, University of St. Thomas, 1994 Appraisal 205: Office and Retail Appraisal, Prosource, 1995 Appraisal Institute Course 430: "Standards of Professional Practice (Part C) ", 2001 2003 National USPAP Standards and Ethics Update, Prosource, 2003 2005 National USPAP Update Course, Appraisal Institute 2005 2006 National USPAP Update Course, Appraisal Institute 2007 2008 National USPAP Update Course, Appraisal Institute 2009 Subdivision Valuation, Appraisal Institute 2009 Various other short courses and seminars. EMPLOYMENT HISTORY: Staff Appraiser — BRKW APPRAISALS, INC., St. Paul, MN, April 1996 - Present Staff Appraiser - Dahlen & Dwyer, Inc., St. Paul, MN, November 1986 - March 1996 Appraisal assignments include commercial, industrial, and multi - family residential properties. Dentist, Northpark Dental Clinic; Blaine, MN, July 1972 - November 1986 Dentist, U.S. Army, July 1970 - July 1972 112 Certified General Real Property Appraiser - State of Minnesota - License #4001649 Expires 08/31/11 BRKW APPRAISALS, INC. PAGE 26 Professional Qualifications - Willia E. Petersen PROFESSIONAL EXPERIENCE: Appraisal assignments have been completed for the following purposes: Mortgage financing Condemnation /Litigation Estate Valuation Client Consultation REO Portfolio Valuation Buy /Sell Decisions Property types appraised include the following: Apartment Buildings Auto Service Centers Banks Churches Office Buildings Office- Showrooms Office- Warehouses Subdivision Land Manufacturing Bldgs. Medical Clinics Mini- Storage Mixed Use Properties Shopping Centers Single Family Homes Special Purpose Properties Railroad Corridors Recreation Facilities Restaurants Retail Stores Townhomes Convenience Stores Dealerships Gas Stations Vacant Land PARTIAL LIST OF CLIENTS Bremer Bank, M &I Bank, U.S. Bank, TCF Bank, Wells Fargo Bank, Minnesota Department of Transportation, Dakota County CDA, Ramsey County, Hennepin County, various municipalities, law firms; builders, developers, and investors. Revised: January - 2010 ... _. _.. _........... BRKW APPRAISALS, INC. PAGE 27 X UL V A I MOM M INIM BRKW APPRAISALS, INC. 1600 University Avenue, Suite 314 St. Paul, Minnesota 55104 Phone: 651- 646 -6114 Fax: 651 646 -8086 e -mail: brkw @brkw.com BRKW Appraisals, Inc. (formerly known as Bettendorf Rohrer Knoche Wall, Inc.) is a full service professional real estate appraisal company formed in 1991. The three principals have more than 80 years of combined experience in the valuation of a wide variety of real estate. Located in the Midway area of St. Paul, we concentrate on the appraisal of real estate primarily in the Twin Cities Metropolitan Area, as well as outlying communities in Minnesota. Our extensive professional training and experience enable us to provide the expertise necessary for consistently reliable real estate valuation. Our appraisal reports are confidential documents completed in accordance with all current standards of professional appraisal practice and ethics. All of the appraisers employed by the company have the Certified General Real Property Appraiser license from the State of Minnesota. Our appraisers stay current with advances in appraisal techniques and the changing real estate market through continuing education programs. At BRKW Appraisals, Inc. we strive to build and maintain long - lasting relationships with our clients. Our goal is to provide high - quality professional real estate valuation services in a timely manner that is consistent with the needs of our clients. Appraisal & Consulting Services Real Estate Appraisals Mortgage Financing Appraisals Condemnation /Litigation Appraisals Review Appraisals Real Estate Tax Abatements Special Benefits Analysis Expert Witness Testimony REO Portfolio Valuation Feasibility Studies Market Surveys Partial Interest Valuations Property Types Commercial Properties Industrial Properties Multiple Family Residential Single Family Residential Subdivision Analysis Vacant Land Parcels Special Purpose Properties Gas Station / Convenience Stores Schools and Churches Recreation Facilities Railroad Corridors BRKW APPRAISALS, INC. PAGE 28 Michael J. Bettendorf, MAI - Principal Active as an appraiser since 1971, Michael has the MAI designation of the Appraisal Institute and specializes in commercial, industrial, multiple- family, residential, and special purpose property appraisals with extensive litigation experience. Court appointed Commissioner in Ramsey County, past President of Minnesota Chapter A.I.R.E.A. (1987), instructor of appraisal courses and seminars. Michael is a graduate of St. John's University. Licensed as a Certified General Real Property Appraiser. Marc E. Knoche, MAI - Principal Marc has been an appraiser since 1982, and has the MAI designation of the Appraisal Institute. He specializes in commercial, industrial, multiple family, residential, vacant land, and special purpose property appraisals. Marc has done numerous condemnation acquisition appraisals and special benefit studies involving a wide variety of property types. Marc has extensive litigation / expert witness experience and has served as a court appointed commissioner. He is a Past President of the Metro /Minnesota Chapter of the Appraisal Institute (1992 & 1993). A graduate of Macalester College, Marc is licensed by the State of Minnesota as a Certified General Real Property Appraiser. Paul J. Gleason - Principal Paul has been appraising real estate since 1992. He has in -depth experience in the valuation of numerous real estate property types. Over the years, he has developed special expertise in the valuation of land and in eminent domain appraising. Paul is graduate of the University of Wisconsin at La Crosse. Associate Member of the Appraisal Institute and licensed as a Certified General Real Property Appraiser. BRKW APPRAISALS, INC. WAGE 29 William E. Petersen, Appraiser Bill has been an active appraiser since 1986 specializing in the valuation of commercial, industrial, multi - family, office and special purpose properties with experience as an expert witness. Bill is a graduate of the University of Minnesota and practiced dentistry from 1970 -1986 before becoming licensed as a Certified General Real Property Appraiser. Joseph P. Deutsch, Appraiser Joe has been appraising real estate since 1998, specializing in commercial properties. Types of property appraised include multi - family, industrial, office, retail, and special purpose properties. Joe worked for two years as a city building inspector prior to becoming an appraiser. Joe is a graduate of the University of Minnesota majoring in accounting and is a Certified General Real Property Appraiser. Terry A. Ward, Appraiser Terry has over 20 years of experience in business management, operations and marketing. Since 2002, she began applying this experience to commercial real estate appraising. Types of properties appraised include office, industrial, hotel /motel, retail /commercial, and other special use properties. She has a degree in Business Management from St. Cloud State University and a Mini Masters in Real Estate Appraising from St. Thomas University. Terry is a Certified General Real Property Appraiser. •• third Mark is a generation real property appraiser and has been appraising since 2003. Types of property appraised • office, • • and other special use properties. Mark is a graduate of the University of Minnesota, is an Associate Member of the Appraisal Institute, and is licensed as a Certified General Real Property Appraiser. III2KW APPRAISALS, INC. PAGE 30 Preliminary Project Layout Hwy 61 and Point Douglas Dr So. City of Cottage, Nin West Point Douglas Road Extension Entrance displayed at intersection 11+00 - 12 +00 (Hwy 61 and Point Douglas Dr. So. to be allowed for right turn exit from Highway 61 south only, This is to accommodate owner's driveway at 11627 Point Douglas Dr. So. Because during winter months the incline of steep hill will cause the residence to be inaccessible. This access will also provide for better availability from Hwy 61 to the 60 residents of both Pine Coulee, County Wood developments and 3 Businesses on the Point Douglas Dr. So, frontage rd.. Name Address PC, IMFI�I� - 7-1 437- k"e� Aw, 141ULIM11131H 10* - /I /V/ Preliminary Project Layout Hwy 61 and Point Douglas Dr So. City of Cottage, Mn West Point Douglas Road Extension Entrance displayed at intersection 11+00 -12+00 (Hwy 61 and Point Douglas Dr. So. to be allowed for right turn exit from Highway 61 south only, This is to accommodate owner's driveway at 11627 Point Douglas Dr. So. Because during winter months the incline of steep hill will cause the residence to be inaccessible. This access will also provide for better availability from Hwy 61 to the 60 residents of both Pine Coulee, County Wood developments and 3 Businesses on the Point Douglas Dr. So, frontage rd. Address 4-11 3o I - — Y C 'JI --4 3 216 f<m jt;, J I d J v k�-s 4 < J y— Preliminary Project Layout Hwy 61 and Point Douglas Dr So. City of Cottage, Mn West Point Douglas Road Extension Entrance displayed at intersection 11+00 - 12 +00 (Hwy 61 and Point Douglas Dr. So. to be allowed for right turn exit from Highway 61 south only, This is to accommodate owner's driveway at 11627 Point Douglas Dr. So. Because during winter months the incline of steep hill will cause the residence to be inaccessible. This access will also provide for better availability from Hwy 61 to the 60 residents of both Pine Coulee, County Wood developments and 3 Businesses on the Point Douglas Dr. So, frontage rd.. Name Address e-I t�G(� Le kie,4 oG-te -S' V ,� AJ M Preliminary Project Layout Hwy 61 and Point Douglas Dr So. City of Cottage, Mn West Point Douglas Road Extension a Entrance displayed at intersection 11+00 - 12 +00 (Hwy 61 and Point Douglas Dr. So. to be allowed for right turn exit from Highway 61 south only, This is to accommodate owner's driveway at 11627 Point Douglas Dr. So. Because during winter months the incline of steep hill will cause the residence to be inaccessible. This access will also provide for better availability from Hwy 61 to the 60 residents of both Pine Coulee, County Wood developments and 3 Businesses on the Point Douglas Dr. So, frontage rd.. � � 0 '6 Yen Name Address Preliminary Project Layout Hwy 61 and Point Douglas Dr So. City of Cottage, Mn West Point Douglas Road Extension Entrance displayed at intersection 11+00 - 12 +00 (Hwy 61 and Point Douglas Dr. So. to be allowed for right turn exit from Highway 61 south only, This is to accommodate owner's driveway at 11627 Point Douglas Dr. So. Because during winter months the incline of steep hill will cause the residence to be inaccessible. This access will also provide for better availability from Hwy 61 to the 60 residents of both Pine Coulee, County Wood developments and 3 Businesses on the Point Douglas Dr. So, frontage rd.. Name Address J Vow 41Sq -2 ES� I LAD Jr kL Lo5i 451 g n m 0 o 0 m � G7 O � � z � z p c rn n � � D rn z 0 z n 0 z n m D r O -C-I