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minutes of the Quito Property. The Quito Property is improved by
a wood frame and stucco residence, in which Hinz was living at
decedent’s death. Hinz planned to continue to use the Quito
Property as his residence. By the time of decedent’s death, the
roof over one bedroom wing and the patio area had collapsed.
The highest and best use of the Quito Property is for
residential subdivision development. Development of the Quito
Property would require the removal of the existing house.
Although the Quito Property is large enough for 11 or 12 minimum-
size lots, because of the slope of the property and lot
limitations on sloped properties, the Quito Property has the
potential to be subdivided into only eight lots.
3. The Lafayette Property
The Lafayette Property is 10.72 acres, about 467,000 square
feet. The Lafayette Property is on level land; it fronts on
Lafayette Street and on Mathew Street. It consists of two
adjoining parcels, each of which is oddly shaped.
In 1992, the Lafayette Property was zoned heavy industrial,
which allowed manufacturing, assembling, research, wholesale, or
storage uses. Other uses permitted on the Lafayette Property
included light manufacturing, warehouses, laboratories, offices,
and incidental retail sales.
All utilities were available to the Lafayette Property. The
Lafayette Street frontage was improved with concrete curbs and
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