Name:   Osms - Subject:   Questions?? Date:   3/26/2014 5:07:25 PM

Thanks.  I absolutely agree on the local appraisal comment.  APCo's appraisals of the lease lots were all done by an out of town contractor who tended to use RL and other subdivisions as comps for lease lots, which inflated the value of the APCo lots, but did not give a fair appraisal.  I was told by APCo personnel that they were offering all of their leased lots on Martin for sale to the leasees and that were about 125 lots involved.  I'm not sure how many of those have been closed, but I have heard of a number of people who refused the high offers from the power company.  It would be interesting to hear from others about their experience with the leased lot offers and purchases.