Envelope-to: craig@dapaero.com
Delivery-date: Wed, 25 Sep 2024 20:45:40 -0500
Content-Type: multipart/alternative;
 boundary="------------MY3zIdhzb5aMwLkzhG9pxFjS"
Message-ID: <139a4f7f-7216-4c6e-abd8-b087fe948400@aol.com>
Date: Wed, 25 Sep 2024 18:45:24 -0700
MIME-Version: 1.0
User-Agent: Mozilla Thunderbird
Content-Language: en-US
From: Curtis Andrews <andrewscc@aol.com>
Subject: four issues
To: DAP AERO <craig@dapaero.com>
References: <139a4f7f-7216-4c6e-abd8-b087fe948400.ref@aol.com>
Content-Length: 5033

This is a multi-part message in MIME format.
--------------MY3zIdhzb5aMwLkzhG9pxFjS
Content-Type: text/plain; charset=UTF-8; format=flowed
Content-Transfer-Encoding: 8bit


In essence, Chris is saying they are not committing to building the 
track, only put it on the plan,  so we need to accept that, but then 
should stay over a million dollars.


I don't see any reason to offer the Port the rest of the farm, they will 
just use it to try to bargain the same price for more land.    If we 
start talking industrial land price for the rest, then they  will want 
the back 7 acres for that price. do you see any advantage to offering 
the front 20 acres to them now?


There is going to be huge capital gains on this sale so we have to 1031 
it.  How much time do you have between sale and purchase of two houses 
?   Can the port pay us say $100,000 when signing the agreement, and the 
rest at closing, but the $100,000 can sit there for six months before 
the sale goes through?  What starts the  clock;  purchase agreement or 
closing?   If they want to continue discussion, we need to know how to 
phrase the purchase contract and handle the earnest money to fit with 
1031 trade.


Once we have the trust done (hopefully on the 9th) i will have Andrea do 
the TEDRA for Matthew.

Mom says you have an attorney that can draft the trust for Matthew. 
Let's get that done so we are ready after the trust is done and they 
have chosen a school for kate.  Conditions are simple:

/Matthew will receive $400,000 as his early inheritance from Clyde and 
Bonnie Andrews.
/

/The funds can be used to pay off their home mortgage with the remainder 
placed in a trust. /

/The trust will release one quarter of the funds to Matthew every five 
years starting in 2030. /


--------------MY3zIdhzb5aMwLkzhG9pxFjS
Content-Type: text/html; charset=UTF-8
Content-Transfer-Encoding: 8bit

<!DOCTYPE html>
<html>
  <head>

    <meta http-equiv="content-type" content="text/html; charset=UTF-8">
  </head>
  <body>
    <p><font face="Times New Roman, Times, serif"><br>
      </font></p>
    <p><font face="Times New Roman, Times, serif">In essence, Chris is
        saying they are not committing to building the track, only put
        it on the plan,  so we need to accept that, but then should stay
        over a million dollars.    <br>
      </font></p>
    <p><font face="Times New Roman, Times, serif"><br>
      </font></p>
    <p><font face="Times New Roman, Times, serif">I don't see any reason
        to offer the Port the rest of the farm, they will just use it to
        try to bargain the same price for more land.    If we start
        talking industrial land price for the rest, then they  will want
        the back 7 acres for that price.  </font><font
        face="Times New Roman, Times, serif">do you see any advantage to
        offering the front 20 acres to them now? <br>
      </font></p>
    <p><font face="Times New Roman, Times, serif"><br>
      </font></p>
    <p><font face="Times New Roman, Times, serif">There is going to be
        huge capital gains on this sale so we have to 1031 it.  How much
        time do you have between sale and purchase of two houses ?   Can
        the port pay us say $100,000 when signing the agreement, and the
        rest at closing, but the $100,000 can sit there for six months
        before the sale goes through?  What starts the  clock;  purchase
        agreement or closing?   If they want to continue discussion, we
        need to know how to phrase the purchase contract and handle the
        earnest money to fit with 1031 trade.      <br>
      </font></p>
    <p><font face="Times New Roman, Times, serif"><br>
      </font></p>
    <p><font face="Times New Roman, Times, serif">Once we have the trust
        done (hopefully on the 9th) i will have Andrea do the TEDRA for
        Matthew. <br>
      </font></p>
    <p><font face="Times New Roman, Times, serif">Mom says you have an
        attorney that can draft the trust for Matthew. Let's get that
        done so we are ready after the trust is done and they have
        chosen a school for kate.  Conditions are simple:<br>
      </font></p>
    <p><i><font face="Times New Roman, Times, serif" size="1">Matthew
          will receive $400,000 as his early inheritance from Clyde and
          Bonnie Andrews. <br>
        </font></i></p>
    <p><i><font face="Times New Roman, Times, serif" size="1">The funds
          can be used to pay off their home mortgage with the remainder
          placed in a trust. </font></i></p>
    <i><font face="Times New Roman, Times, serif" size="1">The trust
        will release one quarter of the funds to Matthew every five
        years starting in 2030.  </font></i>
    <p><font face="Times New Roman, Times, serif"> </font></p>
    <p><font face="Times New Roman, Times, serif"><br>
      </font></p>
    <pre class="moz-signature" cols="72">
</pre>
  </body>
</html>

--------------MY3zIdhzb5aMwLkzhG9pxFjS--