$50,000 Appraisal¿?

[Andy]

Mr. G. Flick reported that Dr. E. stated the valuation of the company
could cost as much as $50,000.

Seems to me that the cottage owners are already paying for an
appraisal - to the tune of $813,620.06 this year. The owners will pay
over 96% of the county real property taxes for about 10% of the
property within TLPC boundries.

Why is TLPC paying less than 5% of the taxes for the remaining 90% of
the property - because its not worth much with all the "strings" that
are attached.

I have just uploaded a read-only spread sheet showing that the total
taxable Erie County appraised property value is $49,671,690.00 (of
which over 98% is encumbered by cottage owners under renewable 99 year
leases).

In short, less than $1,900 per share, which is probably high if you
consider recent sales vis-a-vis the Erie County fair market value
appraisals.

Regards,
Andy