(474248 - 219 228) = 255120 x 1/4 = 63780

V19 28 + 63780 =

4

783008

爷

:: FMV 1970 = 283008 R

CONCLUSION TO BE DRAWN IF $117,000 GAIN

WERE TO BE REPORTED ON SALE OF EXCESS LAND

COMPUTATION OF CURRENT VALUE IN ESTATE
SITE RETAINED

DEVELOPED LAND INCREASE OF 9.78% PER
ANNUM PER APPRAISERS' INFORMATION (EXHIBIT >>

12-4-70 = = 100%

1973 = 137.19% (3 YEARS @ 9.75% INCREASE

PER YEAR OVER 100% BASE)

EXHIBIT 10

CONCLUSIONS TO BE DRAWN IF NO GAIN
WERE TO BE REPORTED ON SALE OF
EXCESS LAND

COMPUTATION OF CURRENT VALUE IN ESTATE SITE
RETAINED

DEVELOPED LAND INCREASE OF 9.75% PER
ANNUM PER APPRAISFERS' INFORMATION (EXHIBIT >>

12-45-70
1973

=

137.19% <3 YEARS @ 9.75% INCREASE PER YEAR OVER 100% BASE.>

"CONCLUSION: IT IS THE CONSENSUS OF ALL APPRAISERS CONTACTED SO FAR THAT THE PRESENT VALUE OF THE ESTATE SITE RETAINED IS NOT IN EXCESS OF 486,780 < COUNTY ASSESSOR 7,438, 0 < PANEL 438,100 "REVIEWERSY AND "475, 938 (INDEPENDENT APPRAISER FOR ORANGE COUNTY>

THE CURRENT COST Bafis OF THE ESTATE
SITE RETAINED NO ALLOWANCE FOR
3 YEAR APPRECIATION > AffUMING NO
GAIN ON FALE IS

EXHIBIT III

Sale of New York Apartment

1. Letter to Joint Committee from Martin Huff