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Begg Trust PropertyJ To: Jane Howington and Charlie Harball From: Wade Elder Date: 01 /04/12 Re: George M Begg Trust property located on Glenwood Drive, Kalispell, MT. Jane and Charlie; As requested I have looked at the Begg Property and based on the recent appraisal (by Elliot M. Clark dated 12/19/11) of the City lot have made some remarks. Property: This is a 0.94 acre (40,800 Square Feet) site that is vacant. The property is located along Glenwood Drive across from the Gateway Mall in Kalispell, MT. • The Department of Revenue 2011 Tax Year value of the property is $309,300 or $7.58 / Sq. Ft. • Using the land value as determined by the 12/19/11 appraisal done by Elliot Clark on the City owned property located nearby (at the corner of Glenwood Drive and Two Mile Drive) of $5.00 / Square Foot this property would be worth $204,000 (40,800 Sq. Ft. X $5.00 / Sq. Ft.). • The property appears to be in Flood Zone X. Zone X is an area of minimal flood hazard.