Richard J. and Carol C. Spera - Page 5

                                        - 5 -                                         

          signed in an unidentified capacity for GRC, the lessee.  Neither            
          the original lease nor the replacement lease was recorded.                  
               On August 20, 1987, an application, signed by Mr. Spera, was           
          made to the building department, Town of Ashland, for the                   
          issuance of a building permit.  The application identifies the              
          address of the proposed building as "1 Mile North - Mail Route              
          Road - West Side".  The application identifies the intended use             
          of the building as "farm and storage", the total cost of                    
          construction at $65,000, and "Huntersfield" as the contractor.              
          The Town of Ashland approved the building permit application and            
          issued a building permit on August 31, 1987.                                
               Sometime thereafter, Huntersfield, Ltd. d/b/a/ Lewis Creek             
          Group (Huntersfield), incorporated on October 8, 1987, started              
          construction on the Ashland Building.1  For 1989 through 1992,              
          GRC paid $27,941, $160,780, $53,001, and $15,585, respectively,             
          for construction-related expenses on the Ashland Building.  All             
          construction, including electrical work, was completed on the               
          Ashland Building as of August 1995, and a certificate of                    
          occupancy was issued by the Town of Ashland on August 22, 1995.             
          The certificate of occupancy identifies the type of property as             
          "commercial and residential year round".  The Ashland Building              
          consists of three floors.  Each floor is approximately 2,400                


               1 From 1987 to 1992, Mr. Spera and Timothy Abresch                     
          (Mr. Abresch) were each 50-percent owners of Huntersfield.                  




Page:  Previous  1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20  Next

Last modified: May 25, 2011