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Date: 02/19/93 <br /> From: Johnny Medlin CEWMJRM - RIS1 <br /> To: Linda Norris CEEXLHN - RIS1 <br /> Subject: Golden Gardens <br /> Reference: Your note of 02/19/93 12:49 attached below <br /> Linda, sorry that I wasn't clear on that. Where we stand now is that we <br /> are in agreement with the appraiser under the instructions he was given <br /> by the developer. (Appraised in "as is" use.) What we are not in agree- <br /> ment with is that "as is" instruction. <br /> Instead of asking them to go back and reappraise, Ken Doud recommended <br /> we negeotiate for equal value acre of land to acre of water. That is what <br /> we did and what they have not responded to yet. Both the appraiser and Ken <br /> Doud felt asking for a reappraisal based on the proposed use would be very <br /> difficult and more guesswork than the cost would be worth at this point in <br /> time. So...the ball is in their court and we are waiting for them to pass <br /> it back!! Thanks <br /> Johnny <br /> ATTACHED NOTE <br /> Date: 02/19/93 <br /> From: Linda Norris CEEXLHN - RIS1 <br /> To: Johnny Medlin CEWMJRM - RIS1 <br /> Subject: Golden Gardens <br /> Johnny, thanks for your note. The other piece of information I need <br /> is where we are with the appraisal. Did you decide not to meet with <br /> the appraiser until the owners decide what they want to do? Thanks, <br /> Linda <br />