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A [Hinz] Yes, sir.
Q And who was it rented to?
A S.B. Machine Works.
Q Okay. And how much rent did S.B. Machine Works
pay?
A At that time?
Q Yes.
A Five hundred and fifty dollars a month.
Q Okay. And did they have a lease?
A I’m a little hazy on that. Their lease expired
somewhere in ‘92 or ‘93. They were on month to month
for a period of time, and just when that happened, the
best –- the best record I have of that is that they
paid $550 a month for the month of September ‘93 or
August ‘93, somewhere in there, and the next month they
paid 1500.
On brief, petitioner also relies on Exhibit 18. That
exhibit shows that the Richard Property did not produce any
income at all in 1992, the year of decedent’s death. Finally,
neither side produced any lease for the Richard Property, and
neither side called any witness who could give us any evidence
about any lease that was clearer than Hinz’ “hazy” recollection.
The sources petitioner relies on convince us, and we have
found, that the facts are just the opposite of what petitioner
asks us to find.
In that portion of his expert witness report that deals with
the income approach to valuing the Richard Property, Hulberg
presents a map showing the locations of the Richard Property and
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