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construction of both these sewer system improvements would be
$820,000.
In light of the conflicting evidence presented regarding
this factor, we conclude that a prudent investor would consider
the uncertainty of this expense and include the potential cost of
extending and upgrading the sewer system into any valuation of
the Property. Therefore, we determine that $820,000 must be
allocated to the construction of the sewer system for the
Property.
B. Road Costs
Mr. Dallamora presented the most persuasive evidence on road
costs. In his valuation, Mr. Dallamora contacted two local
contractors, James E. Hanscom16 and Paul J. Fantoni,17 and
requested bids on the anticipated road construction costs.
Messrs. Hanscom and Fantoni have extensive experience in the
construction of roadways in the area. Based upon the bids
received from these contractors, Mr. Dallamora estimated that the
16Mr. Hanscom was the director of Public Works for the town
of Framingham from 1980 to 1990 and has over 30 years of roadway
and site construction experience.
17Mr. Fantoni was the owner of Fantoni Co., a construction
company specializing in the construction of underground utilities
and bridge building for over 25 years. Mr. Fantoni holds a
bachelor of science degree in civil engineering.
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