Labels:book | reckoner | sky | tree OCR: liquidation context, us is specifically required by the Indenture Based on our review and investigation, the vatues determined the appraisal appear unjustifiably Optimistic, given the economic conditions the residential and commercial real estate markets in F.1 PasO County J.A. 117 (emphasis addci) Within only matter of days, however. after Crandall sent this letter the head of Central Bank's Trust Depart- ment. Kenneth Buckius, took charge from Crandall Central's duties related T the Stetson bonds. On March 1988. Buckius met with representatives of the developer and of the Icad underwritet The develop represent tative Greg Timm proposed simply go forward with the sale of the bonds. use the inilaled appraisal, and to put off an independent review until six months after the closing. Apprais ...
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