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highest and best use of the property was for development
as a residential subdivision. The BAAS appraisal is based
upon the assumption that, under the zoning code of
Hillsborough County, the property would be limited to
residential usage at a density of not more than six
dwelling units per acre.
Mr. Sirmans gave the BAAS appraisal or portions of
the appraisal to several banks in connection with loan
applications. However, he never obtained a loan using the
decedent's land as security.
In a letter dated February 14, 1991, 5 months after
the decedent's death, Mr. Sirmans was formally notified of
Hillsborough County's plan to acquire 4.83 acres of the
decedent's property for a roadway project. The letter
was addressed to the decedent and was written by an
appraiser retained by the County, Mr. Edward L. Fishback,
MAI. Mr. Fishback's letter states as follows:
Dear Ms. Sirmans:
The Hillsborough County Real Estate Depart-
ment has engaged the undersigned to make an
appraisal of the property shown on the attached
plot plan for the purpose of acquiring a portion
of the right-of-way for the above referenced
project.
This is to advise you that we have scheduled
a field inspection of your property on the date
and at the time listed below. Please consider
this an invitation for you or your designated
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Last modified: May 25, 2011