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~,i <br /> <br />t <br /> <br /> <br />1 <br /> <br /> <br />1 <br /> <br />1 <br />1 <br />1 <br />1 <br /> <br /> <br /> <br /> <br />!_J <br />THE FELLOWS COMPANY <br />DENVER Real Estate Appraisals and Counseling <br />Susan A. King <br />4489 East Florida Thomas L Fellows. MAl <br />Denvet, Colorado 80222 405 South Cascade, <br />(303) ?58-0584 Svit¢ 202A <br /> Colorado Spnngs, Colorado 80903 <br /> (303) 632-2205 <br />October 4, 1984 <br />Mr. R. W. MacGannon <br />General Superintendent, Mining Operations <br />C F & I Steel Corporation <br />P.O. Box 316 <br />Pueblo, Colorado 81002 <br />PUEBLO <br />of counsel <br />H.B. Smokstad, MAI. SRPA, CRE <br />P.O. Box 2010 <br />Pueblo. Colorado 81004 <br />(303) 564.2799 <br />RE: Real Estate Appraisal <br />Canon Dolomite Quarry <br />Canon City, Colorado <br />Dear Mr. MacGannon: <br />In accordance with your authorization, I have completed my <br />valuation of the captioned property. A complete description <br />of the property appraised and the definition of market value <br />and just compensation may be found in the report that <br />follows. <br />This narrative appraisal report summarizes the methods that I <br />have used, data I have considered and conclusions I have <br />reached. All pertinent data gathered in my study has been <br />summarized in this report. <br />I hereby certify that I have personally inspected subject <br />property and assembled all of the data in support of my <br />conclusion of value. I further certify that I have no <br />present or contemplated future interest in this property, <br />beyond this estimate of fair market value. This assignment <br />has been completed in full conformity to the Rules of <br />Professional Ethics of the American Institute of Real Estate <br />Appraisers. <br />My conclusions <br />accordance with <br />of October 4, <br />follows. <br />of the value of the property described, in <br />the assumptions and conditions set forth as <br />1984, are summarized in the report that <br />Respectfully Submitted, <br />E ELLOWS O P <br />Thomas L ellows, MA <br />TLF/em <br />