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petitioners' attorney. He represented them in the exchange of
the 76.5 acres.
Petitioners did not have a construction and demolition
debris dump permit when they listed the 76.5 acres for sale.
Petitioners applied to Pasco County for a construction and
demolition debris dump permit. They stated on their application
that they ultimately intended to use the 76.5 acres as a mobile
home park. The B.C.C. approved petitioners' application.
Potential buyers became more interested in the property after
petitioners obtained a construction and demolition debris dump
permit.
The Pasco County permit was not the only permit petitioners
needed to operate a construction and demolition debris dump on
the 76.5 acres. They did not operate a dump while they owned the
76.5 acres, and they did not have all the permits required to do
so.
A prospective buyer of the 76.5 acres retained Triggs,
Catlett & Associates in June 1990 to estimate the value of the
land and various values and costs related to the prospective
buyer's operation of a sand mine on the 76.5 acres. Frank A.
Catlett (Catlett), a real estate appraiser, estimated that the
value of the land was $1,163,000, before taking into account any
costs of equipment or other assets required to operate a sand
mine or any going-concern value of petitioners' sand mine.
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