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Caldwell (Ms. Caldwell) resided in Winston-Salem, North Carolina.
In January 1995, KQC Investors, LLC (KQC), a limited liabil-
ity company organized under North Carolina law, was formed to
acquire and develop real property, primarily for lease to early
childhood educational agencies, including Federal Head Start
(Head Start) agencies. During 1999, Mr. Kaplan, Mr. Marceron,
and Mr. Caldwell, the three members of KQC, held the following
percentage interests in that limited liability company:
Name of member Percentage interest
Mr. Kaplan 59.4
Mr. Marceron 5
Mr. Caldwell 35.6
In 1997, KQC purchased for $105,041 real property located at
474 Maple Street, Helena, Ohio (Maple Street), which consisted of
approximately 2.04 acres of land (KQC’s land) on which there was
a school building that was constructed in 1958 and remodeled in
1994 (1958 school building). (We shall sometimes refer to
(1) the property on Maple Street that KQC purchased in 1997 as
KQC’s land and 1958 school building and (2) the property on Maple
Street that KQC purchased in 1997, including any improvements
made to that property thereafter (discussed below), as the
improved property on Maple Street.) On April 18, 1997, a general
warranty deed (April 18, 1997 general warranty deed) was executed
that transferred to KQC KQC’s land and 1958 school building that
KQC purchased in 1997.
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Last modified: May 25, 2011