FLOOD01725

• County: Arapahoe
• Stream Name: South Platte
• Title: South Platte River Channel Improvement Project - Easement Parcel Index
• Date: 2/26/1998
• Prepared For: Arapahoe County
• Prepared By: CWCB
• Floodplain - Doc Type: Community File

SOUTH PLATTE RIVER CHANNEL PROJECT
SUMMARY DESCRIPTIONS OF PARCEL ACQUISITIONS

OWNER(S): Summit-Denver Properties, Inc.

ACQUISITIONS: Parcel nos. 104 (168,896.7 sq.ft., 3.88 A)
OWNERS' ADDRESS:

M. Michael Sessions; World Tower Building, Suite 2910; 106 N. Biscayne Blvd.; Miami,
Florida 33132 at the time of purchase.

NAME AND ADDRESS OF OWNER'S REPRESENTATIVE:

William G. Horlbeck; attorney; Law & Scheid; 3100 First Denver Plaza Bldg.; 633 17th St.;
Denver, CO

METHOD OF SETTLEMENT:

CONTRACT:

COURT STIPULATION:

Date of closing: N/A

Date of rule & order: 2/20/92
Case No.: 84CV1243, Div. 5

Date of contract: N/A
and amendments: N/A

Date filed: 10/19/84

RECORDATION INFORMATION: Court Rule and Order recorded in Arapahoe County at
Book 6396, page 701.

PURCHASE PRICE: $79,859.34
SPECIAL FEATURES OF THE TRANSACTION:

The original appraisal dated 6/13/84 by Chase and Company was in the amount of
$39,700, of which $33,350 was for parcel 104 and $6,150 was for temporary construction
easements 104-A-1TE and 104-A-2TE. The Chase appraisal was based on an
assumption that none of the land being acquired was suitable for building, which
assumption was contested by the owner. George E. Prine, Jr., P.E., and in charge of the
land development department of Greenhorne & O'Mara consulting engineers was
retained by the Board to analyze the development potential of the parcel. His finding
showed that 1.80 of the 3.88 acres could be developed with the result that the value of
the parcel was recalculated and the value was established at $79,976. Final cost was
$79,949.34.