Name:   Buteye - Subject:   Alabama Power Leased Lots Date:   4/4/2014 3:45:59 PM

Alabama Power is in the process  of offering leesees who currently have leased lots the opportunity to purchase their lots. Certain concerns have surfaced among some of the leesees such as to what criteria was used by Alabama Power in arriving at their appraised value. One major concern seems to be their use of a commercial appraisal firm out of Birmingham to do the appraisals. A recent study by a real estate person in the LAKE MARTIN area on his findings regarding the appraisal of lake property was discussed under Lake Martin Topics a few days ago. His observations on this subject seemed well founded and offer excellent information, in my opinion, on arriving at fair lot appraisals. If there are any leesees of Alabama Power lots who have already purchased their lots or are in the process of purchasing their lots, it could be beneficial to all concerned to gain information on their experiences(either good or bad, or   both). HOPEFULLY some good feedback can be generated on this topic.