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<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />January 10, 2005 <br /> <br />Donald I. Dewey, Mayor <br />Town ofHillrose <br />315 Emerson <br />Hillrose, CO 80733 <br /> <br />Dear Mr. Dewey: <br /> <br />At your request, I have prepared a SUMMARY APPRAISAL REPORT in which I have <br />estimated the market value of the two shares of Jackson Lake Reservoir and Irrigation Company <br />and one share of Riverside Irrigation Company. The owner of record is the Town ofHillrose. <br /> <br />The market value conclusion for the subject property is based sales comparison and volume of <br />water. This report was gathered by me and an associate and are assumed to be correct and true. <br />I estimate the market value of the Jackson and Riverside water to be: <br /> <br />SIXTY THREE THOUSAND lWO HUNDRED FIFfY DOLLARS <br />($63,250.00) <br /> <br />The supporting data, analysis and conclusions upon which this estimate of value is based, are <br />contained in the accompanying report. If you have any questions, feel free to call me any time. <br />Thank you. <br /> <br />Sincerely, <br /> <br />\ <br /> <br />\. ~ <br />Donna L. Shaver <br />Cert. Residential Appraiser <br />Colo. Licen 40032644 <br /> <br /> <br /> <br />Lee W. O'Neil <br />Certified Appraiser <br />Colo. License #CG01313304 <br />