Labels:book | reckoner | sky OCR: early 1988 covered both the 250 acres 10 Stetson Hills property securing the 1986 bonds and the scparate 272 acre parcel proposed be pledged is security for the 1988 issue entral asked Hastings simply separate this document into 1986 and 1988 com ponents. which he did. His methodology evaluating the collateral was sae however for of the properties Central Bank understood that the purpose of the ap praisal was "t0 providc satisfactory evidence to the Trustee that the 160% test being When Haatings met thodology came under criticism inciudinp from Central's On expert. controversy arosc which threatened tc terminate the 1988 bond issue. Cheryl Crandall. Central Bank ISnIL De- partment officer, had been assigned responsibility for Cen- tral's duties related to the Stetson bonds. When she viewed ...
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