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TM@@ Mo MAO A Glf�& <br />REAL ESTATE APPRAISERS & CONSULTANTS <br />Bruce W. Hull, M.A.I. <br />Frank Keyser <br />July 12, 1988 <br />Ms. Leslie A. Keane <br />Assistant City Manager <br />City of Colton <br />650 N. La Cadena Drive <br />Colton, California 92324 <br />Reference: Unimproved 0.95 -Acre Parcel <br />440 Ft. SIO San Bernardino Avenue <br />W/O Eucalyptus Avenue <br />City of Colton, California <br />-- Assessor's Parcel No. 254-061-17 <br />(Our File No. 88-21-17) <br />Dear Ms. Keane: <br />Pursuant to your request we have made an appraisal of the fee <br />simple interest in the above -referenced property. <br />As a result of this investigation, study, and based upon our <br />knowledge and experience, the following fair market value has <br />been assigned as of the 15th day of June, 1988. <br />EIGHTEEN THOUSAND DOLLARS <br />($18,000) <br />This letter of transmittal is part of the attached report <br />containing pertinent data relating to our analysis of the subject <br />property. <br />Respectfully submitted, <br />BRUCE <br />W. <br />HULL <br />& ASSOCIATES, INC. <br />H Ul 1 , <br />MAI <br />BWH:FEK:dh <br />Attachment <br />ft"/0 91. <br />Vank E. Keyser Associate <br />13844 Alton Parkway • Suite 138 • Irvine, California 92718 • 7141581-2194 <br />