commercial sign or sign-board or structure of any kind,
     shall be built or maintained within 100 feel of the    
     east line of the Albany Post Road."
 
It is my understanding that the following changes have been
made in the schedule on page 2 of my prior letter of March
25th and have been approved as the recommended taking
prices for the parcels A to F inclusive, of the East Tract:
 
     Parcel A- from     $ 6,000. to $ 9,000;
            B-           10,000. to  16,000;
            C-           10,250. to  15,000;
            D-            7,000. to  11,000;
            E-            6,500. to  10,000;
            F-           14,000. to  15,500;
                                    ---------       
                         Total      $76,500.
 
        If taken in its entirety, $60,000.00.
 
It must be borne in mind that these figures represent the
absolute maximum values which may be realized for this
property in the present market; and although it is more
than possible that the market will continue for some time
at the present level of activity, nevertheless, should
there be a decline in real estate activity or values, these
figures should, at that time, be revised accordingly.
 
With this in mind, it is recommended that the asking prices
for the property, as noted on page 4 of my letter of the
25th of March, be revised as follows:
 
                 Parcel       Price
                   A         $12,500.
                   B          20,000.
                   C          19,000.
                   D          14,000.
                   E          12,000.
                   F          22,000. incl. farm bldgs.
 
 
     Askin price for Parcels A to F, inclusive, as 
     a whole-$85,000.00.
 
Preparation of the brochure, copies of the text and
illustrations will be submitted for approval as soon as
they have been prepared. At the present time, we are
waiting until there is a little evidence of foliage on the
trees before a new picture is flown.
 
 
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