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longstanding interest in acquiring the St. Clair property. That
was because Mr. Felman owned a number of other real properties
that were contiguous to that property, and he desired to combine
the real properties that he already owned with the St. Clair
property in order to create one large real estate tract.
Sometime prior to May 1991, certain representatives of the
University and Mr. Felman became aware that Mr. Signom owned the
Irving property, and Mr. Felman and Mr. Signom became aware that
the University was interested in acquiring that property. The
University was interested in acquiring the Irving property
because it believed that the storage garages located thereon
would satisfy its need for storage facilities in the neighborhood
surrounding that property and because the University had identi-
fied the Irving property, as well as certain other real proper-
ties surrounding the University’s campus, as properties that it
wished to acquire as part of the University’s long-range develop-
ment plan.
Sometime prior to May 1991, certain representatives of the
University and Mr. Felman also became aware that Mr. Signom had
an interest in acquiring certain real property located at 420
South Ludlow Street, Dayton (Ludlow property), which was the
current site of the Packard museum and the former site of a
Packard automobile dealership.
Sometime prior to May 1991, Mr. Packard on behalf of the
University, Mr. Signom, and Mr. Felman became the architects of a
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