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Robert Huddleston: My name is Robert Huddleston. I am a certified general appraiser in Indiana and in Michigan and I've been appraising for thirty years at this point. I understand my time is brief, so I'll get try and get right to the point. I inspected the subject property with Mr. Peddycord and found a building in deplorable condition. It is not secure at this point from the weather nor is it secure from apparently a large colony of raccoons that now thinks they're living in the Hilton Hotel. There's obvious evidence where the raccoons have done serious damage to a number of areas in the house. There's a number of windows that are broken out. And every system in the house is not operable: the electric, the plumbing, the heating system. All of that would necessarily have to be replaced. What I did and Mr. Diedrich did is: we looked at sales of houses in that Near Northwest, that Northwest area where this property is located that would have similar structural significance and also located in historical districts. And we looked at it from two directions. The first being: what would the property be worth today if in fact it had just had operable heat, decent electric and a full bathroom because this house only has a half -bath in it. What would it be worth? What could we sell it to someone today for if it was in a better location? Because quite frankly, folks, not many people want a building like that with a mausoleum about 18 feet from the back door, and we also had to determine what the highest and best use of the property was. The building's footprint is so small that like an upscale restaurant would be out of the question. 1118 square feet on the main level after you tear off the non-significant 17 by 29 addition that was put onto the rear at some later time. 1118 feet is not enough to operate a restaurant on a main level plus you would have to do all commercial wiring, new HVAC, you'd have to put a better staircase to the upper level and then you'd still have the issue of American for Disability Act and access. We determined really there is just no, there's no demand for a commercial or an office use for this building in this site due to its size and its configuration. So, we said okay what is the best use? We determined that is single-family, but if it is single-family it is not there. Nobody, and I repeat, I don't know of anyone, that wants to live next to a mausoleum and plus there is no actual separate site for the house. The whole thing would have to be surveyed and with setbacks and parking requirements, we're not sure that could be done. So, it was our suggestion that the house should probably be moved and we've talked to our clients about donating the house and having it moved off the site. It was our opinion based on all the data that we looked at that as the property sits today, just the improvements without the foundation and without consideration of the land, it's probably worth no more that $25,000. If we do all the work that we're talking about — the roof, a new kitchen, the electrical, the plumbing, and the heating, you're looking at a minimum, a minimum, of $350,0004400,000 and that house, because of the size that it is will never be worth right now more than $170,000 based on all of the sales that we provided you in this data here. So, it is just not economically feasible for someone to do that especially my owners, now if they want to donate the house; somebody wants to pick it up and move it, I've actually located three sites on Portage Avenue within three blocks of this house that are vacant lots and I'm sure one of those lots could be purchased and put that house on it and it would fit right into that neighborhood just beautifully. And so we believe from a public safety standpoint, the house is not secure to weather nor to animals, that it presents a hazard to the public and secondly, it is just not economically feasible for our client to put that kind of money into it for no real use as far as their operation is concerned. Thank you very much. John Peddycord: For the record, Mr. Peterson, I would like the appraisal of Mr. Driedrich and Mr. Huddleston marked as, admitted as exhibit 5; and did this one page round -about get admitted as exhibit IA? Shawn Peterson: Yes. Do you have any other witnesses? John Peddycord: Yes, I'll just have Mr. Diedrich, and try to avoid duplication, Bernie, but if you want to add anything to... Bernard Diedrich: Yeah, it won't take me long. I am Bernard Diedrich... 23 January 2006 HPC Meeting Minutes [Corrected Version]