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1 <br />E. R. HOLAWRo, M.A.I. <br />APPw,.ts[K-Rc^L70R <br />30e 6AAMe Aveauc <br />0AKLAM0 iO,CAu,ORNIA <br />TW M.M lL1Ne <br />June 181, 1964 <br />Mr. L. S. Riordan <br />AsMstant city Ravager <br />Ci V Hall - 835 East 14th street <br />Sna Leandro, California <br />1 <br />Dess..Mr. Riorden: <br />This letter is'to advise that I have compiled valuation data and <br />information pertinent to the subject 6&,73 acre parcel, in the ownership <br />Of the Marina Development Company and located near Fairway Drive, vest of <br />Aurora Drive, in the City of San Leandro. <br />You have requested sy opinion of Xr. Edward Bevilacqua's asking price <br />Of $M,491,00. I have discussed this matter with v' associate, Mr. Andrew, <br />and due 4to Wp absence from the office until the early part of July, I have <br />authorized his to act on 4 behalf in this matter. <br />I bava gathered sufficient information to render a firm opinion, that <br />tha price asked by Mr. Devilacqua is fair and reasonable and consistent with <br />%be accepted definition of "DlYarket Value". I furtkwr believe that norval <br />awr'isal value approaches will support aW opinion. These conclusions bane <br />bee: detmed satisfactory by oovnsel for the City of San Leandro. <br />• <br />JDA:ltm <br />cc: let) lk btneo�nt Atty. <br />14th 6 ?ran in its. <br />OaUand, Calif. <br />John Deadrich <br />581 Ecst 14th St. <br />San"Leandro, Calif. <br />Very truly yours, <br />abi , M.A. <br />o Andrewsp Apprai aver <br />0 <br />