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HomeMy WebLinkAbout02-0424 PETITION FOR PROBATE and GRANT OF LETTERS Estate of Clara Rebecca Meiller also known as No. To: 21-02-424 Register of Wills for the . Deceased. County of CUMBERLAND in the Social Security No. 7. 7 (; - 7. 7. - 01 7. 7 Commonwealth of Pennsylvania The petition of the undersigned respectfully represents that: Your petitioner(s), who is/are 18 years of age or older an the execut r ix in the last will of the above decedent, dated Janlla ry ? 0 and codicil(s) dated named ,Wx <002 (state relevant circumstances, e.g. renunciation, death of executor, etc.) Decendent was domiciled at death in Cumberland County, Pennsylvania, with h er last family or principal residence at 12(; Nort-h 11rn St-rppt Ca~p Hill, p~ 17011 (list street, number and muncipality) Decendent, then 86 years of age, died April 1 4 ,~ 2002, at Except as follows, decedent did not marry, was not divorced and did not have a child born or adopted after execution of the will offered for probate; was not the victim of a killing and was never adjudicated incompetent: Decendent at death owned property with estimated values as follows: (If domiciled in Pa.) All personal property (If not domiciled in Pa.) Personal property in Pennsylvania (If not domiciled in Pa.) Personal property in County Value of real estate in Pennsylvania situated as follows: 126 North 33rd street Camp Hill. $ 164,000 $ $ $80,000 PA 17011 WHEREFORE, petitioner(s) respectfully request(s) the probate of the last will and codicil(s) presented herewith and the grant of letters testamentary (testamentary; administration c. La.; administration d. b.n.c. La.) theron. ~ V> 'V' u c:: v -o~ .~~ v... cx:v c:: -00 C::';:: C'j"';:: ~v ~o... v,- = 0 ce c:: 00 Vi 1~ f)1 P;l/-eA.J JJiJ~ V~ OATH OF PERSONAL REPRESENTATIVE COMMONWEALTH OF PENNSYLVANIA l sn COUNTY OF CUMBERLAND J ~ The petitioner(s) above-named swear(s) or affirm(s) that the statements in the foregoing petition are true and correct to the best of th(; knowledge and belief of petitioner(s) and that as personal represen- tative(s) of the above decedent petitioner(s) will well d truly administer the estate according to law. .~~~ ~. ::s l:::l ...... ;:: ~ ~ affirmed and 25th //-/:.~? - y No. 21-02-424 Estate of CLARA REBECCA MEILLER , Deceased DECREE OF PROBATE AND GRANT OF LETTERS AND NOW APRIL 26 :t'- 2002, in consideration of the petition on the reverse side hereof, satisfactory proof having been presented before me, IT IS DECREED that the instrument(s) dated JANUARY 20. 1998 described therein be admitted to probate and filed of record as the last will of CLARA REBECCA MEILLER and Letters TESTAMENTARY are hereby granted to LINDA MEILLER MILANO Probate, Letters, Etc. ......... Short Certificates( ).......... x-pag,es. RenuncIatIon ................ JCP $ $ $ $ 5.00 TOTAL _ $ 302.00 . . .ABR.IL .26,.2002.. . ..... . . . . . . . . 270.00 15.00 12.UU . ~ all//(/ . //A'fu//~~//L)~~ . . gIster of WtlIs /" JY\ FHCf( F 8il<; I ~. (;? 7 b b Q ) ATTORNEY (Sup. Ct. .D. No.) tj6- G /-(lJjJL7U~/C_ 57 :;AYe //:5 / ~ ADDRESS FEES Filed /) /? - .-6.L../ /- ~ 0 "7(") PHONE UuL/ ~/!f 'X) l~_ lr, N i'.J ? - "', I' ~, ..-1 ~..... c: \wp51 \wills\meiller. wil ", 21-02-424 1Eagt JlUl anb Wtstattttnt OF CLARA R. MEILLER I, CLARA R. MEILLER, of 126 North Thirty-third Street, Camp Hill, Cumberland County, Pennsylvania, being of sound and disposing mind, memory and understanding, do make, publish and declare this as and for my Last Will and Testament, hereby revoking and making void any and all former Wills, Codicils, or writings in the nature thereof, by me at any time heretofore made. FIRST: I hereby order and direct my Executor, hereinafter named, to pay all my just debts, funeral expenses, testamentary expenses and all Inheritance, Estate, Transfer and Succession Taxes, as soon as may be conveniently done after my death, out of my residuary estate. SECOND: give the sum of One Thousand ($1,000.00) Dollars to TRINITY EVANGELICAL LUTHERAN CHURCH, of Camp Hill, Pennsylvania. THIRD: I give the sum of One Thousand ($1,000.00) Dollars to CENTRAL PENNSYLVANIA BUSINESS SCHOOL SCHOLARSHIP ENDOWMENT FUND. FOURTH: I give all the rest, residue and remainder of my estate of whatever nature and wherever situate to my daughter, LINDA MEILLER MILANO, provided that she survives me by thirty days. c:lwp51Iwillslmeiller.wil FIFTH: In the event that my daughter, LINDA MEILLER MILANO, fails to survive me by thirty days, I hereby give one-half of my estate to my daughter's husband, TODD A. MILANO, and one-half of my estate to my grandchildren, in equal shares, per stirpes. My grandchildren are HALE J. MILANO and HAZEL J. MILANO.. I wish any afterborn grandchild to share in this bequest, such that the share of each grandchild shall be equal. SIXTH: I appoint TODD A. MILANO guardian of any property which passes under this Will or otherwise to a minor or an incompetent and with respect to which I am authorized to appoint a guardian, and have not otherwise specifically done so. Such guardian shall have the power to use principal as well as income from time to time for the minor's education and support or to make payment for those purposes without further responsibility to the minor or to any person taking care of the minor. The said guardianship shall terminate as to each beneficiary when he or she reaches the age of 21 years, if a minor, or when declared competent, if an incompetent. LASTLY: I nominate, constitute and appoint my daughter, LINDA MEILLER MILANO, to be the Executrix of this my Last Will and Testament. In the event that my said daughter, shall be unable to serve as Executrix for any reason, I appoint my daughter's husband, TODD A MILANO, as Executor. No Executor or Executrix shall be required to file bond in this or any other jurisdiction. 2 c:\wp51 \wills\meiller.wil IN WITNESS WHEREOF, I have hereunto set my hand and seal this c=;< 0 \:h day of ~II. H 0..0 ' 1998. e. _I-~..... a ' y(.1 L(,.rC,< .,-'h1.u 'lb..A - Clara Rebecca Meiller SIGNED, SEALED, PUBLISHED and DECLARED in the presence of: '\ (~ C\tt~t'~~"\) .~~ ~ 3 c:\wp51 \wills\meiller.wil . I COMMONWEALTH OF PENNSYLVANIA ss COUNTY OF CUMBERLAND I, CLARA REBECCA MEILLER, Testatrix, whose name is signed to the attached or foregoing instrument, having been duly qualified according to law, do hereby acknowledge that I signed and executed the instrument as my Last Will; that I signed it willingly; and that I signed it as my free and voluntary act for the purposes therein expressed. Sworn or affirmed to and~~nowledged b MEILLER, the Testatrix, this ~ 0 day of r.e me, by CLARA REBECCA L ) / I 1998. (! 1",_'1...-&/ t? JAL-r~d -nZi/1 h.~ Clara Rebecca Meiller, Testatrix c-~th~.AcUAJ Nota Public NOT~ SEAl. TERESA J. BURKHOLDER, Nota~..,~blle Carlisle. Cumbet1and co01\t.2': f , . l tIry ComIT.ist>ion Ellplro;;p F'~:' ~~;>>:.."... ",' <7_-----'--..,,,.....,,....""'-- 4 c:lwp51Iwills\meiller.wil COMMONWEALTH OF PENNSYLVANIA ss COUNTY OF CUMBERLAND We, 0/4-111c-S )). rr-LCuJL/(_ and '7J1LR[CNL /l14t!flFIM the witnesses whose names are signed to the attached or foregoing instrument, being duly qualified according to law, do depose and say that we were present and saw Testatrix sign and execute the instrument as her Last Will; that CLARA REBECCA MEILLER signed willingly and that she executed it as her free and voluntary act for the purposes therein expressed; that each of us in the hearing and sight of the Testatrix signed the Will as witnesses; and that to the best of our knowledge the Testatrix was at that time 18 or more years of age, of sound mind and under no constraint or undue influence. Sworn or affirmed to and subscribed to before me by01117/t:5 :J;. 4(),~t 7L and ~1f::-~L.{ ;o/'t- /7111-21-16-('1.../\. this QO ~day of ;/ , 1998. \ L--! fNtU ~. 'U~~ { Witness l ~~~U.wJ otary Pu IC NOTARIAl SEAL TERESA J. BURKHOlDER. Notary PublIc Carlisle. Cumberland County, PA My Commls!l!cn Expires Feb. 21, 2000 ...r,..,....__....,,."'..<,__J.,~_...---._--- 5 J; .( ~ Clfi:atl USE ONI.. Y u 1 REV-1500 EX (8-00) COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE DEPT. 280601 HARRISBURG. PA 1712~01 17-to-S REV-1500 INHERITANCE TAX RETURN RESIDENT DECEDENT FILE NUMBER 21 - 2002 0425 "tEAR .......R COlMY CODE DECEOENrS NAME (LAST, FIRST, AND MIDDLE INITIAL) SOCIAL SECURITY NUMBER Brenneman, Carl L. 210-26-9409 DAle OFOEATH (MM-OD-YEAR) DATE OF BIRTH (MM-OD-YEAR) THSRE1l.RNMUSTBE FILED IN DUPUCATEWITH TtE 04/19/2002 8/19/1934 REGISTER OF WILLS (IF APPLICABLE) SURVIVING SPOUSE'S NAME (LAST, FIRST, AND MIDDLE INlTIAL) SOCIAL SECURfTY NUMBER Brenneman, Beverly J ~ 00 1. OrlglnalRetum D 2. Supplemental Retum D 3. Remainder Retum (date ofdealh priot to 12.13-82) :!<nO 0 0 ~ ~ 4. Limited Estate 4a. Future Interest Compromise (date of death after 12-12-82) 5. Federal Estate Tax Retum Required ~~ 00 6. Decedent Died Testate (Attach C(lpy of 'MI) D 7. Decedent Maintained a Living Trust (Attach cqly of Trust) _ 8. Total Number of Safe Deposit Boxes , D 9. LlllgationProceedsReeeived D 10. Spousal Poverty Credit (dale of deeth bet1nlen 12-31-g1 en:l l-l"*J D 11. Election to tax under See. 9113(A){AtWdlSdlO) ;_:lI;ctiolf'IIIUST.BECdMpI.ETEOc.w.C~REllIioNDENCE!AiID.c:clNFIOElfflAI.TAx'~AtloNsIIOlJLD.!IE OIRECTEu.TO< NAME COMPLETE MAILING ADDRESS Jeffrey A. Brnico, Bsquire FIRM NAME (If Applicable) Mette, Evans & woodside lElEPHONE NUMBER 717-232-5000 !Z w c w U w C Ii: w " z 2 I 3401 North Front Street P.O. Box 5950 Harrisburg, PA 17110-0950 1. Real Estate (Schedule A) (1) (2) 270,000.00 12,423.62 0.00 0.00 57,512.97 0.00 ClFFOAL USE Ofll.. Y 2. Stocks and Bonds (Schedule B) 3. Closely Held Corporation. Partnership or Sole-Proprietorshlp (3) 4. Mortgages & Notes Receivable (Schedule D) 5. Cash, Bank Deposits & Miscellaneous PefSOflal Property (Schedule E) (4) (5) z o 5 ::l t:: Q, ~ Il1 6. J~ Owned Property (Schedule F) LJ Separate Billing Requested 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (7) (Schedule G or L) (5) 0.00 9. Funeral Expenses & Administrative Costs (Schedule H) (9) (8) 29,178.94 26,261.99 339,936.59 8. Total Gross Assets (total Lines 1-7) 10. Debts of Decedent, Mortgage Liabililies, & Liens (Sd1edule I) (10) 11. Total Deducllons (total Lines 9 & 10) (11) 55,440.93 284,495.66 0.00 12. Net Value of Estate (Line 8 minus Line 11) 13. Charitable and Governmental Bequests/See 9113 Trusts for which an election to tax has not been made (Schedule J) (12) (13) 14. Net Value Subject 10 Tax (Line 12 minus Line 13) SEE INSTRUCTKlNS ON REVERSE SIDE FOR APPLICABlE RATES (14) 284,495.66 15. Amount of Line 14 taxable at the spousal tax 284,495.66 x.OO~(15) z rate, or transfers under See. 9116 (aX1.2) 0 0.00 i= '5. Amount of Line 14 taxable at lineal rate x.04~(16) ~ " 0.00 0. 17. Amount of Line 14 taxable at sibling rate x .12 (17) :E 0 0.00 u 18. Amount of Line 14 taxable at coDateral rate x .15 (18) ?l Tax Due (19) ... 19. 0.00 0.00 0.00 0.00 0.00 20.0 CHECK HERE IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT > > BE SURE TO ANSWER ALL (lUESTIONS ON REVERSE SIDE AND RECHECK MATH < < 2W48451.0oo ~ , Decedent's Complete Address: , . STREET ADDRESS P.O. Box 18 2 Taylor Boulevard CI1Y [ STATE I ZIP New Kingstown PA 17072 Tax Payments and Credits: 1. Tax Due (Page 1 Line 19) 2. Credits/Payments A. Spousal Poverty Cred~ B. Prior Payments C. Discount (1) 0.00 0.00 0.00 0.00 Total Cred~s (A + B + C) (2) 0.00 3. Interest/Penalty if applicable D. Interest E. Penalty 0.00 0.00 Total Interest/Penalty (D + E) (3) 0.00 4. If Line 2 is 9reater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Check box on Page 1 Line 20 to request a refund (4) 5. If Line 1 + Line 3 is greater than Line 2. enter the difference. This is the TAX DUE. (5) 0.00 A. Enter the interest on the tax due. (5A) 0.00 B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. Make Check Pa able to: REGlSI~OFWl.LS,AGENT (5B) 0.00 PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN .X. IN THE APPROPRIATE BLOCKS Yes D D D D without receiving adequate consideration? . . . . . . . . . . . . . . . . . . . . . . . . . . .. 0 3. Did decedent own an ~in trust for" or payable upon death bank account or security at his or her death? D 4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which contains a beneficiary designation? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. D [ZJ IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES. YOU MUST COMPLETE SCHEDULE G AND FILE If AS PART OF THE RETURN. Under penalties of perjury, I declare that I haw examined this retum, induding accompanying SChedules and statements. and 10 the best r:I my knowledge and belief, it is true, corred and complete. Declaration of preparef other than the personal representative is based on all information of \IIt1ich prep.. has any knowledge. SI TURE OF P RSON PONSIBLE FOR FILING RETIJRN 1. Did decedent make a transfer and; a. retain the use or income of the property transferred;. . . . . . . . . . . . . . . b. retain the right to designate who shall use the property transferred or its income; . c.relainareversionayinterest;or ........................ d. receive the promise for life of eilher paymenls, benefils or care? . . . . . . . . . 2. If death occurred atler December 12, 1982, did decedenllransfer property within one year of death No [XI [XI [Xl [XI [Xl IX] DATE ADDRESS Barri burg. PA 17110-0950 SIGNATUREOFPR~~_ '~""E MD~SS3461~~(h ~uL SL::eL P.O. BUA S9S6 H~1sburg. PA 17110-0950 DATE (//7:/0 "? For dales of death on or after July 1, 1994 and before January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 3% [72 P.S.~ 9916 (a) (1.1)(;)]. For dates of death on or after January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 0% [72 P.S. ~ 9116 (a) (1.1) (ii)] The statute does not exempt a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assets and filing a tax return are still applicable even if the survivIng spouse is the only beneficiary. For dates of death on or after July 1, 2000: The tax rate Imposed on the net value of transfers from a deceased chilcl twenty-one years of age or youngef at death to or for the use of a natural parent, an adoptive parent. or a stepparent of the child is 0% (72 P.S. ~ 9116(a)(1.2)]. The tax rate imposed on the net value oftransl'ers to or for the use of the decedenfs lineal beneficiaries is 4.5%, except as noted in 72 P.S. ~ 9116(1.2) [72 P.S_ ~9116(a)(1)). The tax rale imposed on the net value of transfers to or forthe use ofthe decedenfs siblings is 12% (72 P.S. ~ 9116(a)(1.3)]. A siblin9 is defined, under Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood Of adoption. W46461.000 I;, .( REV.l502EX + (1-91) SCHEDULE A REAL ESTATE COMMONWEALTH OF PENNSYlVANIA INHERITANCE TAX RETURN RESIDENT DECEDENf ESTATE OF Brenneman, Carl L. FILE NUMBER 21-2002-0425 All ....1 property owned solely or as a tenant In common must be repotted at fair market value. Fai" market "alue Is defined as the price at which property would be exchanged between a willing bu~ and a willing seller, neither being compelled to buy or sell, both having reasonable knowledge of the relevant facts. Real property which Is JoIntIy-owned with rtghI: cI.urvtvorshlp mult be disclosed on Schedule F. ITEM N~R 1. DESCRIPTION Real. estate Brtuate in Silver Spring TownshJ.p, Cumber~and County, PA, known as 2 Taylor Boulevard; tax parcel number 38-19-1619-016. See attached appraisal dated April 24, 2002, performed by William P. Rothman, RSR Appraisers << Analysts. VALUE AT DATE OF DEATH 270,000.00 2W46952.0oo TOTAL (Also enter on line 1, Recapitulation) (If more space is needed, insert additional sheets of the same size) $ 270,000.00 .(. REV.1503 EX+ (1-97) . COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF SCHEDULE B STOCKS & BONDS Brenneman, Carl L. FILE NUMBER 21-2002-0425 All property JolntlyooOwned with right of survivorship must be disclosed on SChedule F. ITEM NUMBER 1. er ea $10000 face amountsl Savings Bond Wizard. VAlUE AT DATE OF DEATH , an and valuation from 2 100 shares of common stock in Chefs International, Inc. at $1.545 per share 154.50 3 50 shares of common stock in Penn Central Company - worthless 1 has not been actively traded on the New York Stock Exchange since 1979. 0.00 TOTAL (Also enter on line 2, Recapitulation) $ 12,423.62 2W4696 3.000 (If more space is needed, insert additional sheets of the same size) REV-1508 EX + (1-97) z,. . CCMI()ttMIEAL TH OF PENNSYLVANIA IN-ERlTANCE TAX RETURN RESDENTDECCOENT SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY ESf ATE OF Brenneman, Carl L4 FILE NUMBER 21-2002-0425 Include the proceeds of litigation and the date the proceeds 'Mn received by the estate. All property Jolntly-owned with the right of survivorship must be dlsc~ on Sehedule F. ITEM I'IJ~ DESCRIPTION 1. Pirst Union business checking account #2000003162943, Brenneman. tla Mobile Refrigeration Services Carl L. VALUE AT DATE OF DEATH 5,286.01 2 Mobile Refrigeration Service - Accounts Receivable 192.24 3 Bay1iner Boat 4,500.00 4 Net proceeds from public auction held on June 24. 2002, of decedent's refrigeration tools. equipment, vehicles and trailers; see attached settlement statement from Kerry pae Auctioneers 4 46,661. 72 5 Social Security payment for April received after death 873.00 2W46AD 2.000 TOfALIAlso enter on line 5 "=nitulation\ $ (If more space is needed, Insert additional sheets of1he same size) 57,512.97 .. REV-1511 EX + (1.97) .. CC>>.tMONVVEAL TH OF PENNSYLVANIA INHERITANCE TAX RETIJRN RESIDENT DECEDENT ESTATE OF Brenneman, Carl L. SCHEDULE H FUNERAL EXPENSES & ADMINISTRATIVE COSTS FILE NUMBER 21-2002-0425 Debts of decedent must be reDorted on Schedule I. ITEM NUMBER DESCRIPllON AMOUNf A. FLtERAL EXPENSES: 1. B. ADMINISTRATIVE COSTS: 1. Personal Representative's Commissions 0.00 Name 01 Personal Representative(s) Social Security Number(s) I EIN Number 01 Personal Representative(s) Street Address City State Zip Year(s) Commission Paid: 2. Attorney Fees Name: Mette, Evans " Woodside 18,000.00 3. Family Exemption: (If decedent's address is not the same as daimant's. attach explanation) 3,500.00 Claimant See Schedule attached Street Address City Stale Zip Relationship of Claimmt to Decedent 4. Probate Fees 389.00 5. Accountanfs Fees 0.00 6. Tax Return Preparer's Fees 0.00 7. CUmberland Law Journal - legal notice 75.00 8 Carlisle Sentinel - legal notice 103.55 9 The Sentinel Agency - title abstract 135.00 10 PPL Electric Utilities - electric services at 678.33 decedent's residence 11 Pennsylvania American Water Co. - water service at 341.60 decedent's residence 'U"o. uu_ .... :::JI,::f:JD.."IO TOTAL (Also enter on line 9. Recapitulation) $ 29,178.94 2W46AG 2.000 <If more space is needed, insert adlitiooal sheets of same size) , Estate of: Brenneman, Carl L. Schedule H, Part B -- Administrative Costs Item No. Description 12 UGI - gas services at decedent's residence 13 Debra Wiest, Tax Collector - School real estate taxes 14 RSR Appraiser & Analysts - real estate appraisal 15 Verizon wireless - decedent's cellular service 16 VeriZOD - telephone services at decedent's residence 17 Brie Insurance - homeowner's insurance on residence 18 Associated Products Services - pump septic and repair broken water line at residence TOTAL. (Carry forward to main schedule) . . . . . . ( Page 2 21-2002-0425 Amount 263.57 2,207.67 2,400.00 238.17 201. 51 268.00 377.54 5,956.46 Estate of: Brenneman, Carl L. Schedule H, Part B -- Pami1y Exemption Item No. Description 1 Claimant: Brenneman, Beverly J Address: P.O. Box 18 2 Taylor Boulevard New Kingstown, PA 17072 Relationship: Spouse TOTAL. (Carry forward to main schedule) . . . . . . ". Page 2 21-2002-0425 Amount 3,500.00 3,500.00 ... " REV-1512 EX + (1-97) CQMfl.<<JNWEALTH OF PENNSYlVANIA INiERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Brenneman, Carl L. SCHEDULE I DEBTS OF DECEDENT, MORTGAGE LIABILITIES, & UENS FILE NUMBER 21-2002-0425 Include unrelmbursed medical eXDenses. ITEM tu"tBER DESCRJPTlON AMOUNf 710.78 569.65 64.68 66.90 21.36 50.81 32.71 11.00 94.83 32.08 47.93 47.76 178.70 10.00 75.41 247.39 24,000.00 1. 2002 County/Twp. real estate taxes for decedent's residence 2 MasterCard Acct. #5490-9912-2002-4570 3 Motor Truck Equipment Company - account payable of Mobile Refrigeration business 4 PA Dept. of Revenue - sales tax on Stor-It rentals for 1st Quarter 2002 5 PPL Electric utilities - electric bill for Stor-It business 6 PPL Electric Utilities - electric bill for residence 7 Penna-American Water Co. - water bill for residence 8 Silver Spring Township - per capita tax 9 UGI - gas bill for residence 10 united Refrigeration, Inc. - account payable of Mobile Refrigeration business 11 Verizon - telephone bill for Stor-It business 12 Verizon - telephone bill for residence 13 Verizon Wireless - cellular telephone for Mobile Refrigeration business 14 West Shore Tax Bureau - Occupational Privilege Tax 15 York Waste Disposal - dumpster rental for Stor-It business 16 Tax Collector, Silver Spring Twp. - 2001 local income tax 17 First Union National Bank - Mortgage Acct. #1028441925, secured by decedentls residence. 2W46AH 2.000 TOTAL (Also enter on line 10. Recapitulation) $ (If more space is needed. insert additional sheets of the same size) 26,261.99 ( REV-1513 EX+ (9-00) . SCHEDULE J BENEFICIARIES COMMONWEAlTH OF PENNSYLVANIA II'HERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Brenneman, Carl L. NUMBER t. 1. NAME AND ADDRESS OF PERSON(S) RECEMNG PROPERTY TAXABLE DISTRIBUTIONS [indude outright spousal c1stributions, and transfers under Sec. 9116 <a) (1.2)] Brenneman, Beverly J P.O. Box 18 2 Taylor Boulevard New Kingstown, PA 17072 FILE NUMBER 21-2002-0425 RELATIONSHIP TO DECEDENf Do Not List Trustee(s) Spouse . AMOUNT OR SHARE OF ESfATE 284,495.66 ENTER DOLlAR AMOUrm> FOR DISTRIBUTIONS SHOWN N!I:NE ON LINES 15 THROUGH 18. AS APPROPRIATE, ON REV-l500 COVER SHEET II. NON- TAXABLE DISTRIBUfIONS: A. SPOUSAl DISTRIBUTKJNS UNDER SECflON 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE 2W46AI 1.000 1. B. CHARITABLE AND GOVERNMENTAL DISTRIBUfIONS 1. TOTAL OF PART II. ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET (If more space is needed, insert additional sheets of the same size) $ 0.00 '. . " LAST WILL & TESTAMENT I, Carl L. Brenneman of PO Box 18 (ZTaylor Blvd), New Kingstown, P A, being of sound mind and able to make these important decisions would like to establish the distribution of my estate should I not survive my hospital stay or upcoming heart surgery. This will shall be honored as my final WILL & TEST AMENT and honored in a court of law as it signed, dated, and witnessed below. All possessions including our home residence and existing buildings at PO Box 18 (2 Taylor Blvd), New Kingstown P A 17072 shall be assigned to my wife, Beverly Brenneman, who although mamed to me for a short period of time has provided me with very much joy and happiness. The Estate assigned to Beverly should also include: All vehicles (to include) the motor home that may currently be assigned in my name. All Bank Accounts, Savings Accounts and other monetary accounts that may currently be existing in my name or in the Business name of STOR IT or Mobile Refrigeration Service. The Proceeds, inventory and belongings of my two existing businesses, which are STOR IT and Mobile Refrigeration Service, located at PO Box 18 (2 Taylor Blvd, New Kingstown PA) These are my final wishes to settle my estate, which shall be held as legal documentation as signed and witnessed below. ~F~~ Carl L. Brenneman (JtUu~ <;,~~ ~ k WrIirk &tA/ (Witness) ~ dh 0p0 B ~Od. , ~ u1ct~ Notarial Seal Jennife~ l Watkins, Notary Public Harnsburg, Dauphin County L ~"'i\: Commission Expires Oct. 11, 2004 ~,J\".mh8t CJ"rll"l~I1I'" '''li2 A'3~ation of otarles y J-m2:( Date <';/16 Ie> a-- Date :tI~ -, ~., -, ~c r--.:. C:;'" In fb7ju~1 COUIl-h; () '\. . " COMPLETE/SUMMARY APPRAISAL OFAN MIXED USE PROPERTY LOCATED AT 2 TAYLOR BLVD. SILVER SPRING TOWNSHIP CUMBERLAND COUNTY, PENNSYLVANIA FOR MR. JEFFREY ERNICO, ESQ. METTE EVANS AND WOODSIDE 3401 N. FRONT STREET HARRISBURG, PA 17110 DATE OF REPORT APRIL 24, 2002 PREPARED BY RSR APPRAISERS AND ANALYSTS 308 EAST PENN DRIVE ENOLA, PA 17025 (717) 763-1212 ! r . . . RSR ~praiSerS analysts April 24, 2002 Mr. Jeffrey Emico, Esq. Mette Evans and Woodside 3401 N. Front Street Harrisburg, PA 17110 Dear Mr. Ernico: At your request we are transmitting this Complete, Summary appraisal report on the property known as: 2 Taylor Blvd. Silver Spring Township Cumberland County, Pennsylvania Our File #02-96R The subject property was last inspected by William F. Rothman on April 24, 2002. In authorizing this work you indicated that the value conclusions would aid in the future mortgage financing of the subject property. The report that follows provides a detailed description of the property, and the basis upon which the estimated values have been developed. In this report, we have provided a value estimate, which complies with the regulations of FIRREA. It is our opinion that the market value of the fee simple interest in the subject property, as is, as of April 19, 2002, is: ....TWO HUNDRED SEVENTY THOUSAND DOLLARS- $270,000 308 East Penn Drive' Enola, PA 17025' Phone (717) 763-1212' Fax (717) 763-1656 '. -. Jeffrey Ernico April 24, 2002 Page -2- Although there did not appear to be any signs of environmentally hazardous materials on the site. A Phase I environmental audit on the subject property is recommended in all cases. This letter does not constitute a full appraisal of the subject property. The narrative which follows contains the data and analyses from which this value conclusion was developed. This appraisal has been developed as if the property were free and clear of any liens or encumbrances. This appraisal does not include the value of any personal property, which may be attached to the real estate. This report has been completed in compliance with the Uniform Standards of Professional Appraisal Practice adopted by the Appraisal Standards Board of the Appraisal Foundation. This appraisal has also been completed according to your instructions. Our compensation is in no way contingent upon the value estimate and we will be available to discuss the findings contained within the report with the respective parties at your request and convenience. Respectfully submitted, RSR APPRAISERS & A {J~f William F. Rotb.man Certified General Appraiser License # GA 000 303 L Expiration June 30, 2003 -, . J TABLE OF CONTENTS SUMMARY OF SALIENT FACTS AND CONCLUSIONS PHOTOGRAPHS OF SUBJECT PROPERTY INTRODUCTION 1 2 6 HARRISBURG AREA REGIONAL ANALYSIS NEIGHBORHOOD ANALYSIS SITE DATA 9 20 24 DESCRIPTION OF IMPROVEMENTS ZONING 25 27 TAXES AND ASSESSMENT HIGHEST AND BEST USE THE VALUATION PROCESS THE SALES COMPARISON APPROACH THE INCOME APPROACH RECONCILIATION AND FINAL VALUE ESTIMATE 28 29 31 33 41 44 ADDENDA A-- Legal Description B-- Zoning Map & Ordinances C-- Owner's Storage Rent Roll 0-- Leases - Garage & Typical storage unit E-- Tax Map, Site Plans & Flood Map F-- Qualifications of Appraisers . . REAL ESTATE APPRAISAL REPORT SUMMARY Property Type: Location: Effective Date of the Appraisal: Date of the Report: Property Rights Appraised: Site: Improvements: , , Competitive Position: ~ ~ I Zoning: Highest & Best Use of the Site as Vacant: Highest & Best Use of the Site as Improved: I , I I I , I Sales Comparison Approach: Income Approach: Final Value Estimate: Mixed Use 2 Taylor Blvd., Silver Spring Township Cumbertand County, PA April 19, 2002 April 24, 2002 Fee Simple Interest The total site area included in this appraisal report is 2.90 acres There are three different improvements located on the subject tract. The main structure is a block garage facility of about 2,880 square feet. The second is a 1,400 square foot mini-warehouse and the last is a 1,037 square foot residential dwelling that was formerly a manufactured home. The subject site is located near the south side of Route 11, just east of the Village of New Kingstown. The site is conveniently located along a four-lane thoroughfare leading to the City of Harrisburg, approximately 12 miles to the east and west to Carlisle. The land uses are predominantly commercial and industrial. 1-2 Industrial Mixed Use Mixed Use Value $290,000 $250,000 $270,000 Interest Fee Simple Fee Simple Fee Simple Effective Dates 4-19-2002 4-19-2002 4-19-2002 1 " . ~ Subject Photos - "'n' ..~....-......"":""'....,_ . -.":,-" :.~:~:'~ff~lf;r;::~,~ ';:-.~'-':'- SUBJECT DWELLING "--."...:.,.-,,:~ r__.__':',_",,__:~' _,,,'>;;'; '0...: -. <',-'~-<'''''-'.-,.. " -'::-':::{1'~.5~1 SUBJECT DWELLING - REAR 2 . , , , , , , ~ ~ ~ I STREET VIEW. NORTH I -----~ C:~~}~1 ------.- SUBJECT GARAGE. FRONT 3 . . . SUBJECT GARAGE. REAR i , ,. , SUBJECT MINISTORAGE UNITS 4 - " . subiect PhotoS r I' , SUBJECT STORAGE UNITS 5 '. INTRODUCTION Description of the Appraisal Process The appraisal process included an inspection of the subject property by William F. Rothman on April 24, 2002 (the most recent visit to the subject site), research and collection of data on comparable improvements and land and in the subject's neighborhood. Verification of all information with buyers, sellers, brokers, public records, and/or with other knowledgeable sources; analysis of market conditions, locational factors, physical attributes and other pertinent factors; and potential development of the Cost Approach, Sales Approach and Income Approach to value. Purpose of the Appraisal The purpose of the appraisal is to arrive at a supportable estimate of fee simple value of the subject property, as of the effective date of this report. Definition of Market Value Market value is the major focus of most real property appraisal assignments. Both economic and legal definitions of market value have been developed and refined. A current economic definition agreed upon by federal financial institutions in the United States is: "I "The most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller each acting prudently and knowledgeably, and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: i) Buyer and seller are typically motivated; . ii) both parties are well informed or well advised and acting in what they consider their best interest; iii) a reasonable time is allowed for exposure in the open market; iv) Payment is made in terms of cash in United States dollars or in terms of financial arrangements compatible thereto; and v) The price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions granted by anyone associated with the sale.1 Property Rights Appraised The property rights under appraisal in this report are the fee simple ownership in the subject property. Fee simple ownership is defined as "absolute ownership unencumbered by any other interest or estate, subject only to the limitations imposed by the governmental powers of taxation, eminent domain, police power, and escheat."2 The Function of the Appraisal The appraisal report will be used for financing purposes in conjunction with the mortgage underwriting process for the proposed improvements. This appraisal is intended for use in a federally related transaction. Effective Date of the Appraisal The effective date of the appraisal is April 19, 2002, the date on which the subject property owner died. lAppraisal Foundation, Standards af Professional Aooraisal Practice ofthe Aocraisallnstitute, 1995 Edition, (Wash. D.C.: 1995) Pages 7-8. 2Appraisallnstitute, The Aocraisal of Real Estate, 10th Edition. (Chicago: 1992), Page 122. 6 . . Date of the Report The date of the report is April 24, 2002, the date on which the subject property was last physically inspected. This date indicates the perspective from which the appraiser is examining the market. Identification of the Property The subject property is known as 2 Taylor Blvd. Silver Spring Township, Cumberland County and numbered as District 38, Map 19-1619, Parcel 016. Ownership The subject property was acquin'ld by Carl Brenneman lid/bfa, Mobile Refrigeration Service, from John W. Doughten, by deed dated October 13, 1971, and recorded in Deed Book I Volume 24, Page 334 for $10,000. A second deed from Martha Joyce Doughten to Carl L. Brenneman dated May 1, 1990 and recorded in Deed Book P, Volume 34, Page 733 was done to convey a small portion of the subject at the cul-de-sac of Taylor Blvd. (see addendum for copies of deeds). Existing Improvements The subject improvements consist of a three separate improvements to be described in detail. Reasonable Marketing Time A reasonable marketing time is estimated at six to twelve months. Properties similar to the subject are in demand, and in discussions with local professionals this was the consensus. Market Exposure Market value assumes that a "reasonable time is allowed for exposure in the open market". Our evaluation is based on an assumed exposure to the market of six to twelve months. , 7 / /.i "tJ4i' '\~,,;., )':V'( ( ::- ..# ?m......... -'<" :.' r-: ~.. REGIONAL MAP r '. -/.?attfllsnak~ga ,~ (~ ~(/' ,{\/?~eha:~~;JI~f.nd . 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A y~ . j! 1.-- Jr-)-~ l / 't_.-:V,t ,'. .' r~ 2001 DeLo~lstreet At! s.'lJSA;.Q 2601 GOT, hie., Re!. 01!20QY "i(!,~5 f.-- / to I 8 . . . . . , , .. .. .. I c HARRISBURG AREA REGIONAL ANALYSIS The basic forces that motivate human beings within a given market area have a direct Impact on the area's real estate values. These are usually considered in four major categories: 1) social standards and ideas, 2) economic conditions, 3) government controls and standards, and 4) environmental conditions. Below is an analysis in brief, which outlines the general economic conditions and future trends of the subject area. The subject property is located at 2 Taylor Blvd. Silver Spring Township, Cumberland County, approximately 12 miles west of Harrisburg. Regional Overview The Harrisburg MSA may be roughly defined as being between Shippensburg to the west and Lebanon to the east and from northern York County to the south to northern Dauphin County. This area Includes Dauphin, Cumberland, Perry and Lebanon counties. The projections contained herein have been prepared by a variety of sources, including the Central Penn Business Journal, Pennsylvania State Data Center, West Shore Chamber of Commerce, Bureau of Research and Statistics of the Pennsylvania Department of Labor and Industry and other sources. I '. Population and Households The following chart depicts population growth in counties making up the South central Pennsylvania region as compared with the State of Pennsylvania, from 1990 to 2000. .. I ., I - I . I .. I 9 I Population Growth by County Location Cumberland Dauphin Lancaster York Lebanon Pennsylvania 1990 195,257 237,813 422,822 339,574 113,744 11,881,643 2000 213,674 251,798 470,658 381,751 120,327 12,281,054 %ChanQe 9.4% 5.9% 11.3% 12.4% 5.8% 3.4% As can be seen by the above figures, each of the counties compnslng the Southcentral Pennsylvania region is growing at a rate substantially above that experienced by the rest of Pennsylvania. Among the reasons for this growth rate is the presence of state and federal government facilities in Harrisburg; the relatively low cost of living for the region as compared to Philadelphia and Baltimore; and the excellent interstate highway system'serving the region, which has spurred economic development. Despite growth in commercial offices and residential revitalization in the City of Harrisburg, it is expected to have a net decrease in the population as families move to the suburbs in search of better public schools, lower taxes, and less crime. Harrisburg suffers the same social ills of all major urban cities, though to a lessor degree. Employment The Harrisburg MSA employment base is centered around state and federal government and those government servicing industries. Located in the center of the Harrisburg MSA is the Pennsylvania State Capitol and over a dozen state office buildings. Military installations are also prominent in the area: 1) Mechanicsburg Naval Depot, aka Defense Distribution East; 2) New Cumberland Army Depot; 3) the U.S. Army War College in Carlisle; and, 4) Fort Indiantown Gap. Increasing employment in the service sector is expected to be the dominant characteristic in the labor force during the next few years. Business, medical, health services, and other professionai services have the greatest growth potential, followed by financial services and transportation. 10 Local banking, real estate, and insurance companies have consolidated in response to the overall weakness of the national economy. An example of this is the increased presence through acquisitions by institutions such as Mellon Bank, First Union, PNC Financial Corporation and now Allfirst. However, this consolidation has also resulted in a demand for smaller banks oriented more toward the small business community and individuals. Smaller banks such as Commerce Bank and Pennsylvania State Bank have enjoyed significant growth in the past few years. Furthermore, there have been new start-ups, the most prominent being Legacy Bank, based in Susquehanna Township, Dauphin County. The Harrisburg area still has a large industrial base. Its strength has shifted from manufacturing to warehousing, storage, and distribution. The region is a hub for the distribution of goods due to its proximity to Philadelphia (90 miles), New York City (230 miles), Washington (110 miles), and Baltimore (80 miles). The major traffic arteries and highway system that run through the vicinity (Interstates 76,81, 83, and U.S. Route 15) provide important links to other primary and secondary markets in Pennsylvania and the northeast. I Trucking and transportation make up a strong industry for the area, with Harrisburg becoming a center for motor-carrier truck terminais, with approximately thirty terminals and seventy-five carriers. The area is also served by the Harrisburg International Airport, which has undergone substantiai renovations in recent years. The airport serves many of the major carriers, including: US Air, United, American, and Northwest airlines. Harrisburg International Airport is located approximately ten miles east of Harrisburg. I I I I I I I Rail service is provided by Amtrak on Conrail's main line (formerly Penn Central and Reading Companies). The train/rail terminal is located in downtown Harrisburg at the recently renovated Harrisburg Transportation Center. Continental Trailways and Greyhound buses run out of a terminal located in the same facility. Intercity bus service is provided by the Capital Area Transit (CAT) with routes throughout the East and West Shores. The bus system provides important transportation services for many city residents who work outside of Harrisburg proper. The growth related to these industries has provided economic strength to the area. Total employment has increased by an estimated 80,000 jobs during the past decade. Employment is expected to increase in all three counties in the next five years. The current unemployment rate 11 for the Harrisburg region as of February 2000 stands at 2.8%, which ranks third in the in the state, and well below the national average. Organizations such as Capitol Region Economic Development Corporation (CREDC), Capitol Region Chamber of Commerce, Dauphin County Economic Development, and others have played a significant role In attracting new business to the region. With the aid of these organizations and the continued presence of the state government and the military, the Harrisburg MSA should continue to enjoy a stable economic base and growth. Income Per Capita income in the region has been growing at a significant rate in recent years for all of the counties comprising the Southcentral Pennsylvania region. In 1995, per capita income grew at a rate of 5.5% in both Cumberland and Dauphin Counties over the previous year. Per capita . income in York, Lancaster and Lebanon Counties grew at rates ranging from 4.4% to 5.0%. Personal income growth in these counties has been averaging over 5% annually in recent years. According to Sales & Marketing Management, the Harrisburg MSA had a total of 29,000 households with effective buying income greater than $150,000. This ranked the MSA 84th out of 320 U.S. metro markets. Lancaster had 21,000 and York had 14,000. Environment Both natural and man-made environmental forces contribute to the character of an area. The Harrisburg region is surrounded by the Appalachian mountains to the north and south. The Susquehanna River (one of the widest rivers in the East) flows through the heart of the area, separating the MSA into two distinct communities, the West Shore and the East Shore. The Susquehanna River provides the Harrisburg area with summer recreation and fishing. The Yellow Breeches creek, located in the area is a renowned fly-fishing attraction. Situated in the center of the Susquehanna River is City Island, a center of sporting and entertainment activities. Numerous rock concerts have been held on the island. City Island also contains Riverfront Stadium, home of the minor league baseball team, the Harrisburg Senators. The Senators are an affiliate of the Montreal Expos. The city is also the host of the professional Indoor soccerteam, the Harrisburg Heat. The Hershey Bears, minor league hockey team of the Philadelphia Flyers, 12 I I I I I I I I I I I I I I I I ~ I provides spectator entertainment throughout the winter months. Ski Roundtop, a popular regional ski slope is located 30 minutes to the southwest of Harrisburg. Harrisburg and Hershey also provide cultural entertainment for its population. The Harrisburg Forum and Hershey Theaters host regular symphonies, ballets, off-Broadway shows, and musical concerts. The Harrisburg area also has an active Arts community, receiving substantial support from private citizens. The Maine to Georgia Appalachian Trail runs through the area providing recreational hiking. Much of Pennsylvania's active deer hunting takes place in Perry County and on the numerous acres of State Game land within the Harrisburg MSA. Higher education is offered through the Harrisburg Area Community College, the Temple University Center at Harrisburg, the Widener School of Law, Pennsylvania State University at Harrisburg, Messiah College, Lebanon Valley College, and Dickinson College. Besides provided affordable post-high school education for the region, the colleges and universities also contribute substantially to the employment and economic base. Medical care in the Harrisburg region is offered at seven major hospitals, including the Milton S. Hershey Medical Center and Medical School (affiliated with Penn State), the Harrisburg Hospital, and the Holy Spirit Hospital. Real Estate Markets The following discussion on national real estate trends is taken from Emeraina Trends in Real Estate 2000, published by Lend Lease Real Estate Investments and PricewaterhouseCoopers. On a national basis, institutional real estate investors are becoming more cautious, as the prospects of a recession are increasing due to higher interest rates. Another potential drag on real estate investment is the continuing evolution of e-commerce. The largest negative impact is expected to be felt in the retail market, as the demand for retail space is expected to decrease over time, due to e-commerce. 13 Office Markets It is expected that properties located in central business districts are the best bet for investment in 2000, while it is suggested that suburban office markets will weaken due to over-building. Vacancy rates are expected to increase marginally as development continues. It is suggested that holders of suburban Class B properties unload or upgrade these properties while the market is still strong, before the next downturn. I I I I I I I I I I I I . Market rents in central business district properties are expected to continue to rise, while those in suburban properties will/evel off due to the over construction. Industrial Markets Big box distribution properties continue to be the rage, as demand for these properties with 30 foot ceilings, super-flat floors, efficient loading schemes, sprinklers and enhanced HVAC and lighting offer the flexibility increasingly sought by major manufacturers and shippers. It is expected that the need for this type of space will steadily increase. Itis expected that industrial properties as a whole will continue to produce double digit returns with excellent cash-flows. Most markets should remain in equilibrium with vacancies around 10%. Apartments The strength of this market appears to be in the Class B type space with strong locations. These type of apartments attract people who cannot afford to own a home, and this will especially be the case as interest rates rise. East and West Coast cities are especially attractive, while those in the Sun Belt states should be avoided, due to over building. Declining vacancy rates in these strong locations are expected continue to put upward pressure on market rents. This real estate sector continues to be attractive due to its comparatively strong rates of return, especially compared to offices and warehouses. Since 1987, apartments have averaged a 10.8% annual return, compared with 4.3% for offices and 7.7% for warehouses. The strength of this sector is expected to continue into the foreseeable future, as many markets are not keeping up with housing demand. 14 I I Hotels It is suggested that most properties in this sector are fully priced. Further, occupancies are down modestly, and room revenue growth is slipping. New supply in the development pipeline will combine with a slowing in the overall economy to calm down the industry's robust profit growth rate. I This is the one sector that has been constructing new product ahead of its long-term industry average. Upscale properties offer the best prospects for investment in this sector, while limited- service and older midscale properties should be avoided. I I Retail The best bets in this sector are fortress malls and grocery-anchored neighborhood centers. These properties are viewed as excellent core holdings. The fortress centers are viewed as best positioned to weather the e-commerce threat Grocery anchored strips offer excellent cash flows and insulation from the on-going shakeout I I I I I I II I I I I . Essentially, the retail market seems to be in balance. Retail space per capita increased 34% in 15 years. Redeveloping old regional shopping centers into town centers with a mix of office, residential and retail space holds some promise. Institutional investors recommend selling weaker malls as well as most power centers. The main concerns for retail real estate are oversupply, shopper's time constraints, suburban congestion and changing consumer tastes. E-commerce potentially exacerbates the impact of these issues. 15 HARRISBURG REGIONAL REAL ESTATE MARKET Empirical evidence in the local real estate market suggests that the market is quite robust. This is based upon the number of transactions publicized in Cumberland and Dauphin County courthouse records. Leasing activity has also been quite brisk, as demand for space in all asset categories is quite strong. Further evidence of the activity in commercial real estate markets is the record performance in 2001 by Commercial Industrial Realty (CIR). Sizable sales and lease transactions occurred in all types of commercial real estate, including shopping centers, industrial buildings and office facilities. The retail market in the area began its recovery period in late 1994 and is now quite strong, as evidenced by new developments in both Cumberland and Dauphin Counties. This recovery has resulted in the attainment of stabilized occupancy levels throughout the region. Clearly the strongest location for retail space in the Harrisburg region remains in Lower Paxton Township along Route 22. Since the development of Colonial Commons in 1992, there has been significant development along this heavily traveled highway. Recent developments include Builders Square, Dick's Sporting Goods and Media Play. A new power center, Paxton Towne, to be anchored by a 125,000 square foot Target store opened in August 2000 on the south side of Route 22 in Lower Paxton Township and now includes a Weis Food Store, Media Play, Costco, and other lead tenants. In Cumberland County, the strongest retail locations are along the Carlisle Pike in Hampden and Silver Spring Townships. The largest new developments here include Circuit City and Home Depot at the old Capitol Products site, next to KMart in Hampden Township. A new 100,000 square foot Kohl's department store was constructed at the former Silver Spring Drive-In site on the Carlisle Pike (Route 11). Another 100,000 square foot shopping center anchored by Giant Foods was completed in Summer 1999 in East Pennsboro Township along Center Street and is now fully occupied. Giant Foods constructed new stores in Silver Spring, Derry and Lower Paxton Townships in the last two years. Most stores have gasoline sales, 16 I I I I I I The office market is also exhibiting substantial strength, with speculative buildings be constructed throughout the region. Vacancy rates for Class A space have been in the 3-4% range for the past three years, while vacancy rates at Class Band C buildings are stabilizing below 10% for the first time in years. Market rents appear to be topping the $20 per square foot level at prime locations. Clearly, the Harrisburg region has the strongest office sector in South Central Pennsylvania, followed by York County. Lancaster County is the weakest of the three, but is showing signs of improvement. The strength of the Harrisburg market may be seen in several new developments, including some large projects in the Rossmoyne and Westport Business Centers in Cumberland County and in areas of Susquehanna Township in Dauphin County. I The industrial sector in the Harrisburg region is quite strong, as evidenced by the amount of new development in the past five years, and current projects in the works. It is clear that market rents have surpassed the highs set previously in the decade before the onset of the real estate recession of the early 1990's. As a result of the strength in the market, a substantial amount of speculative space is planned. The stabilized vacancy rate for high cube distribution space is currently under 5%. The strength of this market has attracted investment from institutional as well as local investors. I I I I With the development of new industrial space resulting in more jobs, the residential sector of the market has been a direct beneficiary of this job creation. Hampden and Silver Spring Townships appear to be the strongest locations for single family residential development within Cumberland County, while Lower Paxton and Derry Townships are the strongest locations in Dauphin County. This sector should continue to benefit from the historically low interest rates pervasive throughout this economic boom. I I I I I , I I Industrial storage rents have leveled off due to the expansion of new warehousing and mini- storage facilities. Current rates for flex garage, storage office uses are in the $5-6 per square foot range with expenses passed through to the tenant. Mini-warehouse leases are gross (all costs by owner) and 17 Financing Within the current environment, the real estate financing market has become increasingly competitive. Prior to 1996, lenders were unwilling to finance speculative projects, particularly in the office market. Since that period of time, lenders have offered extremely competitive rates while reducing fees. The recent reductions in the Prime-lending rate have intensified competition. Current financing terms available in the Harrisburg market for the various types of real estate are as follows: Cate~:!Orv Interest Rate LTV Amortization Debt Coveraqe Retail 6.75-7.5% 65-80% 15-20 years 1.20-1.40 Office 6.75-7.5% 70-80% 15-25 years 1.25-1.40 Industrial 7.25-8.0% 70-80% 20-25 years 1.20-1.30 Apartments 6.75-7.5% 70-90% 15-30 years 1.20-1.30 Conclusion The Harrisburg Region continues to be an attractive secondary market forbusiness and industry. Many of the services found in larger metropolitan areas may be found in the Harrisburg area. Also, Harrisburg is located within two hundred and fifty miles of 25% of the nation's population. The Harrisburg MSA is expected to continue to be attractive to new businesses and new families. 18 ~i % .. % ~ + De ,c0..J VAlLEY Vlew ;/"-... ~ ~ rp.l~~f\.." -1'1' 11 ~ ew KingstOWn ~1b \ \ ~~ \9p '1k "? 1, ,,~f!fJ. I" 11 ~v,... ,.:1"-' o. , ~. 9 6 ~ II J-r ~//~'~ i '" ~ ~ o 200t p,r.onn'. s.",' A~",LSA; ~21)\)\ GDT. tn" ReI. OW.U<J1 '. 1.9 NEIGHBORHOOD ANALYSIS The neighborhood analysis provides a bridge between the Area Analysis and the study of the subject property. As in the Regional Analysis, the goal of the Neighborhood Analysis is to determine how the operation of social, economic, governmental and environmental factors influence the value of real estate. Regional Context Silver Spring Township is one of several municipalities situated on the west side of the Susquehanna River, known collectively as the West Shore. The township benefits from its close proximity to Harrisburg, the Capital of Pennsylvania, and to Carlisle, the county seat of Cumberland County. The Township is bordered by Hampden Township to the east, the Borough of Mechanicsburg and the Township of Monroe to the south, Middlesex Township to the west Perry County to the north. These municipalities form the suburban area surrounding the City of Harrisburg. Geographic Area and Access The subject is located along Taylor Blvd. in an area generally bounded to the west with Locust Point Road intersection of Carlisle Pike (Route 11) to the east and Hempt Road and Cumberland Valley Education Complex to the north. Hempt farms (1,000+ acres) is located to the south. This area is mostly zoned for commercial purposes with industrial zoning around the subject. Over the past ten to fifteen years, the demand for industrial properties in this area has grown substantially and the properties within the neighborhood have gradually been changing from agricultural to industrial office and retail uses. There remains, however, a fair amount of residential uses in the area. Sewer is not readily available in most of Silver Spring Township, and until the last 8-10 years it was non-existent. Sewer is being extended in many areas of the Township and this should rapidly increased land development. 20 The foreseeable future of the subject's neighborhood is anticipated to continue to be a good commercial area of Cumberland County. Demographics The property is located in Silver Spring Township, Cumberland County, which had a 1990 population of 8,396 persons and a 2000 population of 10,592 according to the United States Bureau of Census. This represents an 26.6% increase. The Township had a 1980 population of 7,146 which, then equaled an increase of 17.5% to 1990. However, based on the 2000 population, Hampden Township was the most heavily populated of the 33 municipalities in the county, ahead of East Pennsboro Township and Carlisle Boroughand contains 11 % of the total Cumberland County population. Hampden Township is considered one of the most prosperous communities in the metropolitan area. in recent history, it has experienced the highest per-capita income of all 22 townships in Cumberland County, and with the county's 11 boroughs included, the third highest per-capita income overall. I I I I I I I , I Seiected statistics for these areas are summarized in the foliowing tables: Table 6: Harrisburg and Suburban Areas - Selected Statistics Hampden Silver Spring East Twp. Twp. Pennsboro Twp Lower Allen Twp. 17 ,437 14.3 15,254 8.36 2000 Pop. 24,135 10,592 18,254 % Change 1990-00 18.4 26.6 10.0 1990 Pop. 20,384 8,396 16,588 % Change 1980-90 15.0 17.5 18.7 Hampden, East Pennsboro, Lower Alien and Silver Spring Townships have significantly larger portions of owner-occupied housing, which is a function of both demand and available iand. Silver Spring Township has an abundant supply of residentially zoned land for both multi-family and single-family development. 21 Residential Demand Population and household growth are the two strongest indicators of housing demand. The greatest influence is household formation because each household typically requires one unit of housing.. The market for housing is delineated based on countywide and township population and household growth characteristics. The 1990 census statistics as shown in the Tri-Countv Developer Resource Guide, (1993, Tri- County Regional Planning Commission), indicate that the township c1os:ly mirrors Cumberland County in terms of socioeconomic characteristics as shown in the following table: I I I I I I I , I I . ~ ~ I The projected increase in population growth and household formation indicates that there will be a continuing demand for housing units in the township, surrounding townships and in Cumberland County. Commercial Development Commercial development within the township is largely concentrated along the Carlisle Pike corridor. The CarliSle Pike corridor runs the width of Silver Spring and Hampden Township~ and connects Camp Hill with Carlisle. Due to its importance as an arterial roadway, it conveys a high volume of traffic and has evolved into a commercial strip. As a result, there is a wide range of retail businesses operating along this corridor in sland-alone locations and within the Silver Spring Commons, Hampden Commons, Gateway Square and Hampden Center shopping centers. Gateway Square is located at the intersection of the Carlisle Pike and Route 581, and includes 236,600 square feel. The center is anchored by a Pharmor Drugstore, Dunhams Sports, 1. J. Max and Office Max. Out parcels include Blockbuster Video, Old Country Buffet, Burger King, Bob Evans, Friendly's and Dunkin Doughnuts. Weis Markets vacated the center in 1996, citing poor sales. This space is currently occupied by a Salvation Army Thrift Store. Hampden Center is located at the intersection of the Carlisle Pike and Sporting Hill Road, and contains 228,700 square feel. The center is anchored by Karns Food Market, CVS Drugstore art! Border Books, now in the final stages of closing and also includes an B-screen Cineplex. Out parcels include Ruby Tuesdays and a bank branch. 22 . A brand new strip center anchored by a Giant Food Store just opened at Carlisle Pike and route 114 just east of the subject. The Pennsyivania Liquor Control Board joined Giant as an in-line store. M& T Bank built on an adjoining pad site. Conclusion The projected increase in population growth and household formation indicates that there will be a continuing demand for housing units in the Harrisburg area as well as the county as a whole. This continued residential growth should have a positive impact on the future prospects of the subject property by exerting upward pressure on land prices and corresponding commercial I industrial real estate values. ., i' i I. , , I I: I' I, I 23 I , , , ~ ~ ~ I I I I I I I I I , I I I SITE DATA Location: The subject site is located in Silver Spring Township along Taylor Blvd. south of Route 11, just east of the Village of New Kingstown. The subject property is known as 2 Taylor Blvd and numbered as District 38, Map 19-1619, Parcel 016, as shown on the Tax Assessment Map of Cumberland County in the Addenda. Shape & Area: The subject site is rectangularly-shaped and the total site area included in this appraisal report is 2.90 acres according to courthouse records. Land to Building Ratio: The land to building ratio is 24 to 1. (126,324SF;. 5,317SF) Parking: The subject has approximately 3,000 square feet of asphalt parking used by the garage facility. There is also an additional i1rea of stoned parking used for outside storage around the storage unit structure. Topography and Drainage: The subject is relatively flat. Storm water runoff from the said adjacent property towards the rear of the site will be carried through the subject property to a low- lying area along the subject's southern boundary by natural means. Utilities: Public water, electric, telephone, cable and natural gas are attached. Flood Zone: The site is located in Flood Zone C, an area of minimal flooding, as shown on the National Flood Insurance Map, Panel 420370-A, dated May 2, 1983, as shown in the Addenda. Easements and Encroachments: Easements include typical utility and drainage easements. The locations of these easements have no adverse affect on the proposed improvements or on the future utility of the property. A title search has not been conducted, and is considered to be beyond the scope of this appraisal. Functional Adequacy: The subject site represents a commercially oriented parcel along Taylor Blvd. with minimal traffic count however, Route 11 is a main easUwest corridor in the region. The subject has sufficient shape, access, topography, visibility and utility availability to support industrial development but suffers from the lack of sewer for some of the uses. 24 I II I I DESCRIPTION OF IMPROVEMENTS The following description and analysis of the building is based on a usual inspection, April 24'", 2002. Construction is assumed to comply with applicable zoning and building codes. Construction: The subject has three (3) separate buildings that were constructed in phases. Building #1 This is the garage facility and is comprised of a 2,880 square foot block structure currently leased for $1,000 per month or $4.17 per square foot. The improvements consist of a garage area of 25' x 76' with 16' garage doors at either end. This is used for truck repair and has clear ceiling heights above 20'. This building has a 28' x 35' attached office and parts storage area with private bath. Both areas are heated by gas hot systems (2) and the office area has central air conditioning, A 200amp electric service is included, and the structure has a rubber roof. The overall condition is very good and the actual age of the building is estimated at 32 years and the effective age is at 10 years. Building #2 This building was built in 1985 and is a fully metal including roof, mini-warehouse building. This is a concrete slab and a total of eighteen (18) separate rental units. There is no utility service to this building. It appears that there exist six (6) leased for the units. The total income is estimated at $289.50 monthly or $3,474 per year. Due to the circumstances of the death of Mr. Carl Brenneman many questions are left unanswered as to the rental income stream, vacancy, and the collection history of the tenants, The actual age is 17 years and the effective age is estimated at 10 years. Building #3 This was originally a mobile home and has been altered and placed on a permanent block foundation with basement. This structure contains 1,037 square feet of area and has living room, dining area, office, 2 bedrooms, and two baths. The heat is gas hot air and the structure has central air conditioning and a 200amp electrical service. The exterior is vinyl siding and there is an 25 II II I I I I I I I I I I I I I I I I , asphalt shingle roof. A partially furnished lower level is accessible from the entrance. There is a 12' x 40' rear covered porch. The actual age is estimated at 35 years and the effective age is 20 years. There is a chain link fence with a Stanley Automatic gate providing security for the storage units and dwelling. The condition of the improvements is good, there are some miscellaneous vehicles that should be removed prior to marKeting. 26 I I I I I I I I I I I I I I I I II I I ZONING The property is zoned 1-2 Industrial as shown on the zoning maps in Silver Spring Township. This district is established to provide opportunities for varied, intensive regional industrial uses. Copies of the zoning map and district regulations are included in the Addenda. Permitted Uses: Manufacturing Processing Sales Storage Machine Shops Repair Shops Sign Makers Public Uses Vocational Schools Welding Shops Heavy Manufacturing and Storage & Warehousing are uses by Special Exception, Yard Regulations: 1). Front Yard Setback: 2). Side Yard Requirements: 3}. Rear Yard Requirements: 4). Height (Maximum): 5). Lot Coverage: 6}. Minimum Lot Area (sf): 7). Minimum Building Line Width: 8). Public Utilities: 50 Feet 30 Feet 35 Feet 45 Feet 60% 43.560S.F. lwlpublic water and sewer} 200 feet 1& II Public water/sewer required According to James Hall (766-0178) at Silver Spring Township Zoning, the subject is an non- conforming use and cannot be expanded without connection to the sewer located across Route 11 via force main and a pump. 27 , , , , , , , ~ , , , , , I I I I , , ASSESSMENT AND TAXES The following table presents the assessment, millage rates and taxes for 3 Derry Street numbered District 38-19-1619 Parcel 016. ClJMBERLANP.'COUNlY TAXES' 2001-2002 !'Y1!!ilj~Jp~~ ~t~1:~1:~~1~- Millage Rates: 2 Taylor Blvd. Silver Spring Township ~1~~~,gi1ll~.~j~~~~;99Q~I~i~~{~,~t~fa~~Mst~-~ia!~_~~[ 38-19-1619-016 Assessment <<<<<<<<<<<<< Taxes >>>>>>>>>>>> Total Land: Improvements: Total: $59,900 $194,400 $253,400 $ $ $476.90 $ $ $166.23 $ $ $3,344.88 $ $ $3,988.01 Common Level Ratio: 7/01-6/02 Indicated Market Value: 100% $253,400 28 " , II , , , , , . . I I I I , ~ I I I HIGHEST AND BEST USE Highest and best use is defined as "The reasonably probable and legal use of vacant land or an improved property, which is physically possible, appropriately supported, financially feasible, and that results in the highest value."3 Implied in these definitions is that the determination of highest and best use takes into account the contribution of a specific use to the community and community development goals as well as the benefits of that use to individual property owners. I n appraising property values, the concept of highest and best use is the basis upon which the value estimate is projected. The market values of land or of an improved property are both estimated under the assumption that potential purchasers will pay a price that reflects their analyses of the most profitable use of the land and property as improved. Therefore, the most profitable use assumption tends to produce the highest offering prices. The highest and best use analysis requires the application of various categories of use oriented decisions. To conclude that a given use is the highest and best use of the land as vacant must meet the following four criteria: . 1) legally permissible 2) physically possible 3) financially feasible 4) most profitable Highest and Best Use Of The Site As Vacant An analysis of highest and best use as vacant requires an anaiysis of those uses, which are legally permissible, physically possible,financially feasible, and most profitable. Legally Permissible The zoning district in which the property is located largely controls uses, which are legally permitted at the subject property. Other factors, which may affect the categories of permitted uses, include deed restrictions, easements and encroachments, covenants, etc. As mentioned in the Zoning section of this report, the subject property is located in the Industrial 3American Institute of Real Estate Apprai$ers, The Dictionarv of Real Estate Accraisal, 2nd Edition; (Chicago: 1989), 29 , I' I II I ,t I I I I . , . , , I I I I I Zoning District in Silver Spring Township. Permitted uses allowed in this district include most types of industrial activities including shops, manufacturing, storage, and similar uses, howE1ver the lack of sewer is a drawback. No residential uses are permitted. It is clear that the subject as vacant could not be used except for agricultural usage. Physically Possible The pertinent physical factors affecting the highest and best use of the subject site fall under two specific categories: loeational characteristics and site characteristics. Locational characteristics include access to transportation, availability of labor and materials, proximity to markets, the impact of the surrounding neighborhood, and conditions of the market within which the property will operate. Site characteristics include size, configuration, topography, soil conditions and the availability of adequate utilities. The subject would suitable to all of the uses included in the zoning section of the addendum, and except for the lack of sewer would be developable. Financially Feasible The appraisal principle of conformity holds that real property value is created and sustained when the characteristics of a property conform to the demands of the market. The industrial markets are relatively strong at present and the site's good access, visibility, location and the continuing commercial development in Silver Spring Township indicate that most of the permitted and conditional uses would be financially feasible. Maximally Productive The final determination in the highest and best use analysis, as if vacant, is the maximally productive use of the site. The lack of public sewer means that the tract could be used only as agricultural use if vacant. The cost of installing a force main system under Route 11 is not known and is out of the scope of this report Hiqhest and Best Use Of The Site As ImDroved The existing improvements tend to maximize the property as improved, and therefore the highest and best use of the subject as improved, is for a mixed use residential, industrial and storage facility as a non-conforming use. 30 . I, . . , I I I I . ~ ~ ~ I I I I , I THE VALUATION PROCESS The valuation process is used to develop a well-supported estimate of a defined value, which is based on the consideration of pertinent data. Typically, after defining the appraisal problem and making a detailed investigation of the subject property, market value is estimated by applying specific appraisal procedures which reflect three distinct methods known as the Cost Approach, Sales Comparison Approach, and Income Capitalization Approach. These approaches arrive at a value indication through dissimilar methods and the use of different types of data. The Cost Approach is developed by adding the estimated value of the subject site to the depreciated reproduction cost of the improvements. This approach assumes that, under normal circumstances, a potential buyer will not pay more for a property than the combined cost of obtaining a similar site and constructing similar building improvements. The site is valued separately by the Sales Comparison Approach. Replacement costs are estimated for the subject improvements. Depreciation from physical, functional or external causes is subtracted out of the reproduction cost to reflect the improvement's current condition. The resultant estimate of value derived from this approach is the sum of the site's value, the depreciated value of the improvements, and an appropriate amount of entrepreneurial profit. This approach is used in newer properties and not normally when the improvements are a non- conforming use since if vacant the property could not be developed without sewer. The Sales Comparison Approach is developed by identifying sales of improved properties with similar utility to the property being appraised. This approach is based on the principle that the value of a property, as replaceable in the marketplace, tends to be set by the cost of acquiring an equally desirable substitute property. Adjustments are made based on various elements of comparison based on the degree of similarity or differences between the sales and the subject. The adjusted sales indicate of range in which the value estimate of the subject will fall. 31 I I I I I I I I I I I I I I , I I I The Income Approach to value is a method of analyzing a property's ability to generate monetary benefits and converting these benefits into an indication of value. This approach allows the analyst to step into the shoes of the typical investor-buyer, being concerned with the property's income potential, and future marl<etability. The investor trades present dollars for the right to receive future dollars in anticipation of making a profit. This is the Principle of Anticipation, which is fundamental to the Income Approach. Each of the approaches seeks the same answer through the analysis of different types of information. The reliability of the indicated value produced by each approach may vary. Therefore, it must be reconciled into a single value indication as shown in the Reconciliation Section of the appraisal report. 32 I I I I I I I I I I I I I I I I I I I I SALES COMPARISON APPROACH Flex Buildings The Sales Comparison Approach is a method of estimating market value where the subject property is compared to similar properties, which have been sold. This approach is based on the Principle of Substitution, which states that if several competing commodities, goods or services are available, then the one with the lowest price will attract the greatest demand and receive the widest distribution. When applied to real estate, this comparison focuses on those elements of comparison, which cause prices to vary. The Sales Comparison Approach is considered important to most appraisal problems since it is based on the price paid for similar properties by typical buyers in the open market. It is applicable to the appraisal of all properties for which there are a sufficient number of comparable sales. This approach is most reliable when the property type under analysis is bought and sold regularly. Applying this approach is a systematic procedure where similar sales are researched and analyzed through the most relevant elements of comparison. Adjustments are made for differences in the sales that reflect market reaction. Units of Comparison In a flex building like the subject, the price per square foot of building area is the appropriate unit of comparison. Comparable Sales Comparable improved sales were identified in the market. A summary of the four sales and individual data sheets are presented on the following pages. These sales presented are considered to be most comparable to the subject property and reflect a similar highest and best use of the subject. NOTE: The subjects includes a garage facility (2,880 square feet) mini-warehouse structure (1,400 square feet) and a dwelling house (1,037 square feet). All will be included for the purposes of this report and a total of 5,317 square feet is then developed. 33 ietrtch 4~iil;j~man Slate'f-orast CO~ARABLESALES~ Carsonville <> ,----,~ P / O~!__Pl'eek atamoras.. -- ... ~eac - len )JdaVille Gardners B~lJd'!!n Creek .Aspers .. o 200 1 DeLonne. S1rtt:t Atlas I I I ---.- --.-~._~ ---~..-- I I I I I I Address: Legal Description: Grantor: Grantee: Sale Price: Sale Date: Property Rights Conveyed: Recorded: Condition of Sale: Verification: Financing: Building Description: I I I I I I Site Description: , Appraisal Measures: COMPARABLE IMPROVED SALE 1 5252 Trindle Road, Hampden Township Tax Map 10-23-0561-018 Rainbow Foundation John M. Thompson $500,000 October 1, 1998 Fee Simple Deed Book 0170, Page 1075 Ann's Length Cumberland County Tax Assessment records Conventional Vear Built: Size: Stories: Construction: Ceiling Clearance: Warehouse: Finished Showroom: Size: ShapefTopography: Utilities: Zoning: Land-to-Bldg. Ratio: Sale Price/Gross SF: 1970+/-57 7.854 square feet One-story Brick and Block 12' 5,854 square feet (75%) 2,000 square feet (25%) 1 acre or 43,560sf Rectangular/Levei Water/Septic Commercial L TD 14,3 to 1 $63.66 I Comments: This is a communication office, shop. storage area and has traffic count of 16.000 vehicles per day. , I 35 I . . I I . , '. " I I I Address: Legal Description: Grantor: Grantee: Sale Price: Sale Date: Property Rights Conveyed: Recorded: Condition of Sale: Verification: Financing: Building Description: I I I , Site Description: Appraisal Measures: COMPARABLE IMPROVED SALE 2 2201 Sycamore Street, Swatara Township Tax Map 63-024-027 Rand L Associates Kenneth H. Hess $360,000 February 16, 1999 Fee Simple Deed Book 3332, Page 0338 Arm's Length Broker CIR Conventional Year Built: Size: Stories: Construction: Occupancy: Height: Size: Warehouse/Office: ShapefTopography: Utilities: Access: Visibility: Zoning: Land-lo-Bldg. Ratio: Sale Price/Gross SF: 1950 8,060 square feet One-story Masonry 100% . 18' 1.37 acres or 59,677s1 20% Office - 80% warehouse Rectangular/Level All Utilities Average Fair Manufacturing Limited 7.4 to 1 $44.67 Comments: This sale is a combination office, garage, warehouse and is located off 01 Paxton Street, in Swatara Township. The traffic count is in the 8,500 vehicle per day range. 36 I. I I , I I . . . Address: Legal DescriptIon: Grantor: Grantee: Sale Price: Sale Date: Property Rights Conveyed: Recorded: Condition of Sale: Verification: Financing: Building Description: , , I I I I Site Description: I I Appraisal Measures: Comments: This sale is a combination office/health club. The traffic volume is 23,000 vehicles pre day. I I ~-- ---- ._..._" -_._---~ --=- -- COMPARABLE IMPROVED SALE 3 2300 Gettysburg Rd., Lower Allen Township Tax Map 13-23-0549-004 Saivator Accardi Martin R. Kapell $650,000 October 1, 2000 Fee Simple Deed Book 0229, Page 0136 Arm's Length Cumberland County Tax Records Conventional Year Buiit: Size: Stories: Construction: Ceiling Clearance: Condition: Size: Warehouse/Office: Shape {Topography: Utilities: Access: Visibility: Zoning: Land-to-Bldg. Ratio: Sale Price/Gross SF: 1960- completeiy remodeled 1997 9,164 square leet One-story Masonry 16' finished at 10' Good 1.36 acres or 59.242s1 15% Office - 85% warehouse Rectangular/Slopes up/ comer All Utilities Average Good Commerciai Generai 6.5:1 $70.93 37 J J I I I ~:- . ----.:.:.:-:::-..::..:.:-. :;~~:;L. ---~ "I 11III s ; ;;. 1ii!!!!I~ .. ... ~~~'" r ~"I!At ,.iIOl:.;.. _Q' . ",lkl'"'2:,';~~f'''''''''~-"-~ '::@~"'.c - .~'.:Jl. ,:" ~^ ~-~~-::'=:~;~~~'--~;r-~~~~~- I , I I Address: Legal Description: Grantor: Grantee: Sale Price: Sale Date: Property Rights Conveyed: Recorded: Condition of Sale: Verification: Financing: Building Description: I . . I I I Site Description: I Appraisal Measures: ~ . ::~-~~-~:E!;i":~". COMPARABLE IMPROVED SALE 4 2236 Gettysburg Rd. Lower Allen Township, Cumberland County, PA Tax Map 13-23-0549-007 Gomer L. Stephenson III Nick Loxas $366,000 October 1 , 2000 Fee Simple Deed Book 0231, Page 0336 Arm's Length Albert Schmidt, RSR Reaitors Conventional Year Built: Size: Stories: Construction: Ceiling: Condition: Shop: Finished Office: Size: ShapelT opography: Utilities: Zoning: Land-la-Bldg. Ratio: Saie Price/Gross SF: 6,200 square teet. One-story Masonry 10' + 14' Good 5.600 square feel 600 square feet .7 acres (30,500 square feet) Rectangular/slopes up/comer All Utilities Commercial General 4.9 to 1 $59.03 Comments: The former Stephenson Tire Store is now part of a larger chain for similar tire and repair stores. The traffic volume is 23,000 vehicles per day. , I 38 , , I , I I I ~ I ~ I I I I I , I . Discussion of Comparable Sales In general an upward adjustment will be made if the comparable is inferior to the subject for a given element of comparison and downward where the comparable is superior to the subject for a given element of comparison. Elements of Comparison: Key value elements under scrutiny that may require adjustments are: property rights conveyed, financing terms, conditions of sale, market conditions, and physical characteristics including location, condition, and size. These factors are the primary influences on sale prices and tend to affect the differences in price levels. Property Rights Conveyed: A transaction price is always predicated on the real property interest conveyed. Many types of real estate, particularly income-producing property, are sold subject to existing leases. The income potential of a property is often limited by the terms of existing leases. In these situations the real property that is sold is the leased fee estate as subject to the existing leases. All of the other comparable sales included fee simple property rights and no adjustment was warranted for property rights conveyed. Financing Adjustments: This adjustment renders the sales price to cash equivalent terms. Where the seller makes favorable (below market rate) financing terms available, the difference between the favorable terms and the market rate terms is estimated. The present value of this difference represents an advantage to the comparable sale and warrants a negative adjustment. While this calculated amount is not always the market's reaction to favorable financing, it serves the appraiser well as a guide in the absence of market data. All sales included cash and/or conventional bank finanCing at market terms and no adjustment was warranted for financing. Conditions of Sale: This adjustment is applied if there are any unusual circumstances surrounding the transaction, such as foreclosures, bulk sales, related parties, assemblages and the like. All five sales were reported to be arm's length transactions and no adjustments are warranted for conditions of sale. Market Conditions (Time): After adjusting the com parables to a cash equivalent price and for conditions of sale, the sales must be brought current by means of a time adjustment if warranted. The dates of the comparables range from 1999-2000. The sales were adjusted using a two (2%) percent increase per year as per data provided by Central Penn Multi-List, for area. Location Adjustments: Locational adjustments reflect an increase or decrease due to neighborhood characteristics such as land use, traffic, visibility, condition. etc., that affect desirability. Sale 1 is similar. Sale 2 is inferior due to less traffic volume and Sale 3 and 4 are superior traffic counts. Quality of Construction: Another element of comparison to be considered is the quality and condition of the construction of improvements. Obviously, well-maintained properties will normally sell for higher unit price than poorly maintained properties in need of renovations. For example, buildings constructed with brick materials are more costly to build than wood framed and pre- engineered metal quildings or concrete black. The sales included Class C masonry construction, adjustments are warranted for quality of construction. 39 I LIGHT INDUSTRIAL SALES ADJUSTMENT GRID SALE 1 ._.._ _"I':I~ROVEMENT s~LEs LOCA liON TOWNSHIP COUNTY 5252 Trindle Rd. Hampden Twp. Cumberland DATE OF SALE CONSIDERATION SQUARE FEET Oct-sa $500.000 1,854 PRICE PER SQUARE FEET $63.66 PROPERTY RIGHTS CONVEYED ADJUSTED PRICE 0% $63.66 FINANCING ADJUSTED PRICE 0% $63.66 CONDITIONS OF SALE ADJUSTED PRICE 0% $63.66 TIME ADJUSTED PRICE 1% $68.00 QJUSTED PRICE PER SQUARE FEET ',':.y"-..-,,.-;'-" $68.00 0% .5% -5% .5% .10% 0% 10% LOCATION QUALITY OF CONSTRUCTION AGE ANO CONDITION INTERIOR FINISH FUNCTIONAL UTILITY SITE CHARACTERISTICS SIZE NET ADJUSTMENT ($ISF) DJUSTED PRICE PER SQUARE FEET $80.00 (I $70.00 j $60.00 j , $50.00 i $40.00 $30.00 $20.00 $10.00 $0.00 .15% $51.80 IMPROVEMENT SALES ADJUSTMENT 2 5 3 4 2201 Sycamore Swatara Twp. Dauphin Feb-99 $360.000 8.060 $44.67 0% $44.67 0% $44.67 0% $44.67 6% $47.35 '.i;'~:-':'",. '.':C'~""'--' ;".;;:-',." .~,-.' $47.35 ,....:"" 20% -5% -5% -5% .10% 0% 10% 5% $49.12 2300 Gettysburg Rd. Lower Allen Twp. Cumberland 2336 Gettysburg Rd. Lower Allen Twp. Cumberland Oct.oo $650.000 9,164 Oct.QO $368,000 6,200 $70.93 $59.03 ';':2~rz:.;~;T 0% 0% $70.93 $59.03 "~'~;;';:~:I~=:.:~"i;;;--~~~).,'~{.:~~~~t0i7~:~~ 0% 0% $70.93 $59.03 - "'--''''-::;~-::~:. I~~~;~;i;'~~; ,;~-:i.C:~~-;,:~\.-1;:z;~~r~:.f.t~%~i: 2% $12.35 0% 3% 3% $74.52 $60.80 """.''':'~'~'''',''"''''7'''~'''',-'''-~'-.~'?'C'1~"'''t!\'~".:~~ " '~',~" -i,~~ "~ .'_;.'::,:"~cS;.t; :::~~.::;,~_J::':~,',:t~,,';:f;.;;::~,~'j~;~-: $74.52 $60.80 .' '-~-;";~~'t,;:" ,.:-r':?~ ,-", "--,., '~"-~=~:'. T"' -,.,. ,,:';',:',?~'-'.:~:~-:;rT~- -15% -15% -5% .5% -5% 5% -5% .5% .5% -5% 0% 0% 10% 10% -25% 15% $55.89 $51.68 . PRICE PER SQUARE FEET I!IADJUSTED PRICE PER SQUARE FEET D 4 . II II II . . .. .. . . . . . . . . . . ~ ~ , ~ ~ ~ ~ ~ ~ ~ . ~ , . , . ~ . I Age and Condition: The comparable sales consist of structures ranging in age from 1950 to 1975. The subject property's structures are 15-30 years old. All of the sales contain some physical depreciation due to age. Adjustments were warranted to reflect these differences. Some of the properties have been recently remodeled and the subject is original. Interior Finish: This amount of finished office space and showroom area within a flex building, similar to the subject property, is one of the primary factors that affect sale prices. The subject property includes a smaller percentage of finished area than the comparable sales, warranting an upward adjustment for finished office/showroom space. Functional Utility: This adjustment is concerned with whether the existing improvements at each of the comparable sales are more or less functional than the subject property. All of the properties are legal uses while the subject is non-conforming. Adjustments for the lack of future development potential can be seen on the grid. Site Characteristics (Land to Building Area Ratio): This adjustment is concerned with the proportion of land area to gross building area, as compared to the subject property. The subject has a 24 to 1 ratio while the comparables range from 4.9 to 7.4 to 1, however since the subject does not have sewer it cant be expanded. Size: The size adjustment is applied after all prior adjustments are made to the sales. Normally, economies of scale dictate that a larger property will sell for a lower unit value then a small property. All of the sales are larger sized as compared to the subject and adjustments were warranted. Conclusion: The adjustments to the improved sales are indicated in the Sales Comparison Approach Summary shown on the opposite page. The unadjusted prices ranged from $44.67 to $70.93 per square foot. After adjusting the comparable sales, the prices ranged from $49.72 to $57.80 per square foot with a mean of $53.77. All four sales were considered reliable indicators of the market value of the subject property and a price per square foot of $54.00 was chosen, which yields a total market value of $287,118 ($54.00 X 5,317sq. ft.). Therefore, the fee simple value of the improvements based on the Sales Comparison Approach, in its "as is" condition as of April 19, 2002, is $287,118 rounded to: - - -TWO HUNDRED NINETY THOUSAND DOLLARS - - - ($290,000) 40 !, ,I I I I I , , . ~ ~ ~ ~ ~ . I . INCOME APPROACH The Income Approach is the prime vehicle used in appraising income producing property. The basic premise is that of 'anticipation". Anticipation means the right to receive a return on and return of the investment. Investors consider risk and reward and make discussions based on the alternative choices available is the financial markets. Stocks, bonds, mutual funds, annuities, certificates of deposits and many other forms of these are the competitions for real estate as a investment. Real Estate allows the purchaser to leverage his/her investment and this is one of its prime benefits. Investors use capitalization rates to weight returns in all types of investment. Capitalization means 'n. rates or multiples that are extracted from market data.4 Ideally they come from actual market transaction and in the absence of these two direct methods are substituted. 1. Overall Rate - here the use of leverage is factored. Certain assumptions are necessary and from discussions with mortgage lenders and investors these are as follows: A. Mortgage Rate - 7% - fixed for 5 years B. Loan-to-Value - 80% - debt C. Equity Needed - 20% D. Equity Divided - 13% - investor required Therefore: M x Rm = .80 x .9304 = .7443 ExRe= .20x.1300= .2600 .10043 OR 10% Capitalization Rate . . I 41 " , :, , , ~ , , , , , ~ I . . . . . I 2. Debt Coverage Ratio - Lenders required investors to maintain reserves to provide "insurance" in cases where cash flow is insufficient to carry the debt/mortgage payment. Here maf)Y lenders requiring 1.20 to 1.30 to each dollar of net operating income (NO I}. Therefore: Debt Ratio x Monthly Mortgage Constant x Loan-to-Value Ratio = Capitalization Rate or 1.30 x .9304 x .80 = .09676 or rounded: 10% Capitalization Rate Economic Rent vs. Contract Rent The subject is currently leased as a combination garage and mini-warehouse storage facility. The garage lease (see addendum) was written in 1994, and has been renewed on a verbal basis to the current $1,000. Based on other leases in the market, and the limited supply of 2,880 square foot buildings such as the subject a rental value of six ($6.00) dollars per foot or $17,280 per year was developed as the economic rent for this facility. All the costs of operation for this building including utilities should be paid by the tenant. Mini-storage properties Where compared with Capital Self-Storage located in Enola. Based 5'x 5' space leased for $25 ($12 - per square foot per year) monthly and 10' x 10' returned $81 ($9.72 per square foot) monthly. This facility enjoyed superior amenities due to higher population concentration and better visibility. A blended rate per square foot of $8.50 is chosen as best representing the potential rental for this improvement. Therefore: $8.50 x 1400 square feet = $11,900. The subject dwelling house was compared with similar suburban two bedroom properties and an estimate of $600 per month or $7,200 was generated. 4 Appraisal Foundation, Standards of Professional Accraisal Practice of the Accfsisallnstltute, 1995 Edition, Wash. D.C.: 19S5} Page. 7.8 42 ~ ~ ~ ~ ~ ~ ~ ~ ~ I Gross potential Income is then the sum of the three (3) different income sources or $36,380 ($17,280 + $11,900 + $7,200). A proforma would then appear like this: Gross Potential Income Less: vacancy/credit 1055 6% Gross Effective Income $36,380 $ 2,183 $34,197 Less: $3,988 Insurance: $1,500' Water: $ 600' Grounds $ 700' MgmtlLeasing 6% $2,052 Replacement 2% $ 684 Total $9,524 Net Operating Income $ 9,524 $24,673 I Value then is the Capitalization Rate of .10, divided into the Net Operating Income, or $24,673+ .10 or $246,730 rounded to: $250,000 I Therefore the estimated value by the Income Approach is I ~ '-TWO HUNDRED-FIFTY THOUSAND DOLLARS'" ($250,000) I '..... I "estimated I ~ ~ I 43 I I I I I I I II II I I ( I I , ! I I I RECONCILIATION AND FINAL VALUE ESTIMATE In the preceding pages of this report, the Cost Approach, Sales Comparison Approach, and Income Capitalization Approach were developed to estimate the fee simple market values of the subject property in its 'as proposed' condition as of the effective dates of this report. The values indicated by these approaches are summarized as follows: COST APPROACH SALES APPROACH INCOME APPROACH FINAL VALUE ESTIMATE N/A $290,000 (FEE SIMPLE) $250,000 (FEE SIMPLE) $270,000 The Sales Comparison Approach reflects the market forces and considerations affecting the sales of other similar type properties. Buyers and sellers often base their decisions on recognized value indicators, which for self-storage facilities are price per square foot and the price per unit. The selected sales are all located in central Pennsylvania, are relatively recent and produce a reasonable value range for the subject property. This approach is given moderate consideration. The Income Approach-was and considered equally in the final value estimate. In the final analysis, both methods were give equal weighting. Therefore, the final estimate of the fee simple market value of the subject property in its 'as is" condition, as of April 19, 2002, is $270,000. . . . TWO HUNDRED SEVENTY THOUSAND DOLLARS. . . ($270,000) 44 . I CERTIFICATION OF VALUE I I certify that, to the best of my knowledge and belief: ~ 1. The statements of fact contained in this report are true and correct. ~ 2. The reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions, and is my personal, unbiased professional analyses, opinions, and conclusions. i ~ , 3. I have no present or prospective interest in the property that is the subject of this report, and I have no personal interest or bias with respect to the parties involved. I I~ 4. My compensation in not contingent upon the reporting of a predetermined value of direction in value that favors the cause of the client, the amount of the value estimate, the attainment of a stipulated result. or the occurrence of a subsequent event ~ 5. My analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the Uniform Standards of Professional Appraisal Practice. ~ 6. I have made a personal inspection of the property that is the subject of this report. ~ 7. No one provided significant professional assistance to the person(s) signing this report. ~ 8. The reported analyses, opinions, and conclusions were developed. and this report has been prepared, in conformity with the requirements of the Code of Professional Ethics and the Standards of Professional Appraisal Practice of the Appraisal Institute. I 9. The use of this report is subject to the requirements of the Appraisal Institute relating to review by its duly authorized representatives. ~ 10. As of the date of this report, I have completed the requirements of the continuing education program of the Commonwealth of Pennsylvania. I I 11. I have no bias with respect to the property that is the subject of this report or to the parties involved with this assignment. Signature: Date: ..5. c.j ~ ?) 1.-- I ',0 I I 4S I I I I . I I I I I I I I I I I I I I I ASSUMPTIONS AND LIMITING CONDITIONS 1. No responsibility is assumed for the legal descriptions provided or for matters pertaining to legal or title considerations. Title to the property is assumed to be good and marketable unless otherwise stated. 2. The property is appraised free and clear of any or all liens or encumbrances unless otherwise stated. 3. Responsible ownership and competent property management are assumed. 4. The information furnished by others is believed to be reliable, but no warranty is given for accuracy. 5. All engineering studies are assumed to be correct. The plot plans and illustrative material in this report are included only to help the reader visualize the property. 6. No survey has been made by the appraiser and no responsibility is assumed in connection with such matters. 7. It is assumed that there are no hidden or unapparent conditions of the property, subsoil, or structures that render it more or less valuable. . No responsibility is assumed for such conditions or for obtaining the engineering studies that may be required to discover them. 8. It is assumed the property is in full compliance with all applicable federal, state, and local environmental regulations and laws unless the lack of compliance is stated, described, and considered in the appraisal report. 9. It is assumed that the utilization of the land and improvements is within the boundaries or property lines of the property described and that there is no encroachment or trespass unless noted within the report. 10. The distribution of the total valuation in this report between land and improvements applies only under the stated program utilization. The separate allocations for land and buildings must not be used in conjunction with any other appraisal and are invalid if so used. 11. Acceptance and/or use of this appraisal report constitutes acceptance of the foregoing Assumptions and Limiting Conditions. 12. The appraiser of this property will not be required to give testimony or appear in court because of having made this appraisal, unless arrangements have been previously made. 13. There are above ground fuel storage tanks located on the subject. They should be certified and their condition was not ascertained by me. 46 l ~ I , , , . Il.." , , , , , . . . . . ADDENDA IIIl . . , , , , . ,. ~ ~ I I' I. , , , . , . I . I ADDENDA A Legal Description ,or I I I I I I , , ~ , . , , , , ~ I I '., I , \0& - 0110 - blRu'lOl. 1',,&1.. or GU"dl,.. J1\.l..-STATE LEGAl. SUPPf,.Y COR" 131' AIICk 51. PHILAOfLl"HIA, PA. 1"07 AOGAV _J-~ M a.d. tlu l't May , in th, year X;,noteen hundred and Ninety davof (1990) ~ehlleell deceased, of MARTItA JOYCE DOUGHTEN. Executrix of the Estate of JOin{ W. DOUGHTEN, Perry County, 'Pennsylvania. GRAN1'OR It. N D CARL L. BRENNEMAN t of Cumberland County I Pennsylvania. GRANTEE ~I!........ JOHN W. DOUGHTEN, died on May 4, 1985, a resident of Perry County, Pennaylvania, having first made his Last Will and Testament dated January 8, 1982; and WHEREAS, his 8aid Will w4aaubmitted to probate to Perry Couuty File No. 50-85- 12 on Kay 30, 1985, which day the Register of Willa appointed Martha Joyce Doughten 88 Executrix of laid Estate; and WHEREAS, at the time of his death, the .aid decedent wa5 the owner, inter alia, of the real estate bereinafter described; and I WHEREAS, Hartha Joyce Do~ghten, Executrix, was also tbe residual beneficiary of the .aid will and Oon~e of s&id pYOpeY~1. (~~)(/rtLtJ --_.__._._..-..~- Sr:r1Qot (JISL Cl.1fi,L.. C<::... rob. . -i" R... &tate lrens1er Tax Da.. r. -1"'--toNne d, ,.5".9 fl~_Hk40.<.Y c..J.. Co. 01... CoI. AoL /'s "''' ~.CM"'.~O~'rvVEAlTI'! OF [JP.Ni'.j,,:,V,I.VANI.o -:-_: '''f;.~<\,:~L'''I!::H! 0;':; I~~V~!'!U(' . .::~ i''i._',~.i:~' ;-;;:::;.""::.~'"; /!; ;~;\ r.~'--'-'"'! :: ~~ (i~.',~~,~:il' JUn ;:I"~~::,':\rJ ! -. r. "1 -' .. r~,y , . lr~ '\ -:.~~/ ! ~_ ~i '::; :.~';;:" Townah1oolJ21lre-r ~ Cumbo Co.. Pa. v 7 1:" RullEIut.lran.f.r T8)I" D...C-I.-'"....... ~'IS~ If' pj;-";':;""_ J.f . V cr--~</ c.......Co.Dlat.CoI.~ A .....l.;(I:..- ....~ J CD Cl c.... = % ...... N (':I ;., c:: '" :=;-TO G3 1-: .;';) I'T\ o;:;-~ ::oo~ ;- ;., r 1 -.-'-, :-:-'::'"1 ; -_J -~: ~',~ g:.;~ ::J ,:. C) Z. r:':l r.l ~~o -< 1::1-' ."'..... -,. .-. -0 ~ '" '" U1 ,. Mii;]) 34 rACE 733 r ~ ;N.."" t~i. ~nb6..tu~6 ~ihu..d~. That the .ald MARTHA JOYCE DOUGHTEII I ^ ; . ~ , lawful money of the United State. of.1merica, unta by the .aid CARL BRENNEMAN has well and truly paid i 1 , f i lor and in consideration 01 the sum 01 One ($1.00) D01141'------------------ at and before the .eaUnl! and deUvenJ hereof, the receipt whereof i. hereby acknowl edl!ed, has l!ranted. barl!ai"ed. .old, aUened, relea.ed and confirmed, and by tA6.Ja presents does i I , ~ i -::. , , f '~ trant, bartain. ,ell, alien. enfeoff, release and confirm unto the. said CARL BRENNEMAN, All of the certain tract of land situate in Silver Springs Townsnip, Cumberland County, more particularly bound and described as follows, to wit: / In a southerly direction, beginning at an existing .onument, at the Soutbwe8te~n corner of lands now or fot'1Derly of John L. Martin, Bighty-seV'en and sbtty a~'Ven n hund.redths (87.67) feet to the Place of :aeginning along an existing cul-de-sac; thance along a curve having a radius of One Hundred and Seventy-fiv. (175) feet co the right with an aTe distance of One Hundred Ten and aixty-two hundredths (110.62) feet; thence Norch Seventeen (11) degrees, Eighteen (18) minutes, 00 seconds West NInety-eight And fifty hundredths (98.;0) feet to a point on the existing cu1-de- sac; thence in an arc to the: left with a radius of Fift.y (50) feet and Sin arc ~ diatance of Fifty and thirty-two hundredths (SO.3l) feet to the ?oint of ~elinnins ~ along tbe exi.ting cul-d.-sac, aa sbown in .. final subdi~i.ion Plan laid out by William B. Whittock and recorded in Cumberland County Recordera Office in ~Qok 13, Page 15 attached hereto.. :Exhibit "A", and aha 8S set forth ia a plan of property for Quick Claim prepared by George W. Walker, llagiatered Surveyor, as shown in Exhibit I~U attached hereto. BEING & part of the aa~ premises which ?at Weat Corporation by ita Deed dated the 22nd day of December. 1910 and recorded in the Office of the B.ecorder of Deeds Office in and for Cumb~rland County, Pe~n&yl~ani~, in Deed look X, Vol. 23, Page 406, granted and conveyed unto John W. Doughc:en, -the Grantor herein. 600~"P 34 PAtE 734 I I I I ~ I I I I I CJ;d.9tl~,'r with all and sinlular . . ways, waters, water~cour6esJ nthts, liberties, priuiletes, hereditaments and appur~ temtnces what$081.'er thereunto belo1ltini. or in, any wile appertainint. and thr T1wersionl and remainder" rents, iuues ,and prottts thereof; ~nd allonll the estate, Titht, title, interest, use, trud, property, poas683ion, claim and demand whatsoever, in law, equity, or otherwise how8oever, 01, in, to, or out of the same: ~.. ~"ltt "nb I.. ~..lb the .aid MARTHA JOYCE DOUGHTEN, Grantor herein hereditaments and premises hereby ~ranted and released, or mentioned und intended BO to be. with the appurtenances, unto the said CARL L. BRENN~. his heirs and assitn.s to and lor the only proper US" an.d behoof of the said CARL L. BRENNEMAN. his heirs and assitnslorel'eT I . l..nb the ,'w.id MARTHA JOYCE DOUGHTEN * Grantor herein does . . I . ~ , ~ ~ C'f>1'P11-ant, pro~ni._~f;'-!!.7Ld..a4~~.tl!ith the said I ,.. '..,m<fl.OifoilalNZlIIll J.,.. III~OQld"'WMl~ . rllWllll... ~WIh . .. __rrrr CARLL. BRENNEMAN. his heirs and a..uf.tn1/.. that he the sah! MARTIIA JOYCE DOUGH1"EN has not donp, ('()Jnmittpd, or knowin-t1y or lI.:illint'Jl suffered to be done or committed. any act, mattpr or thint zl'hatsoel'er whereby thi' premises hert!h1J ~raTlted, or any part t1!('rPo{, ;If, are, ,'I hall or nUJY he ;.ml'PG('hpd, C'hurtf'.d or fnrumlJPrpd, in. titlp. dwr~p, (','1tn(p, or nthPr1l'i,lfp hOU1floPl'pr" ~lt ;:r.rrUnc!S'!S' ~1ll~tnlllf, hereunto set s her hand and seal the said MARTHA JOYCE DOUGR1'EN. Grantor herein the day and year first above written. ".i!3nt/l.. ~'''.ltb ".n II ~tliltntbl in II.. l'u!Una ..f '1 . ;" I#I/~~ I ~60i.\) 34 PAGE 735 ) tit I .. APR-26-2002 (FRI) 08:26 Cornerstone land T~ansfer (FAX) 11 1 I:;~ ~bb~ . . <6l\. d, I I .:-.~ t~~. mr.~w.".....,,"O-oof...... ~.-., I'''' .~.'.""'''~'-'~'', blr~.. ,,"T." . . ',. ~ mttb, . I ,. MADE THE _. 13- of 01lT Lard aM thotUlUld. rLinf lumdrc<f, cl.oll of October and seven~y-one t19711 m tILelltcu. . BETWEEN JOliN W. -DOUCrt'fEN, 'single man. of the Townshi'O of Silver Spr1nc. County of CumbQrl~nd and St~te of PennsYlvania~ Farty of ~he first. :part I . , Gn1l1tOP" . """ CARt L. BRENNEMAN !/D/B/A MOBILE REFRlG~TION SERVICE, of the TOWTAhip of Silvor Spring, County or CumberlQnd and Sta~a or Pennsyl'l':.nia, party of the second 'P::l;rt., ,. , Gran~lIc : ~ WITNESSSTH. t1wi.t i" ~crrn.ti.m tJl the swn of ***Ten Thousand ($10,000.001 m.Acl.M paid, th.',Ttc:tipt 'W1It(J"caf is M-rebv .a.ekuQwllldOcd. the aut:" gTM.I01" does And con"C1/ to th, ,Gid .aron.l." .. Dol/4r.. }urebv grant J ALl. THAT CERTAIN tract of land situate in the Township of Silver Sprin!;, Count.y of Cumberland and State of PeMsylvania.. more particularly bounded and described -3ccording ~o survey of William B. Whittocv., registered professional en~ineerJ Qa~ed June )0. 1970, a~ fOllowsJ to wit: BEGL~NING at a point in tho Eastern line of Taylor Bou2evard (50 reet wideJ at t~e Southwest corner of 3 one ell acre tract af land of JOMn W. Doughten ~nd as shown on ~he Rcsu~divi~1on Plan of Lot No.9 tor John W. Doughten as 13id out by William B. Whlttock, regisee:ed ongineer, dated June 30, 1970, and to be ~ecordGd in the Cwnberlahd County Recorder's Offic(!j thence extending along the Southern .llne of said one (I) ~cre ~ractJ North 72 dceree~ 42 min- ut.e:. 00 seconds Eas"C, one hundred thiny-eight. ,j,nd ccventy one-hun- dredths [lJ8.70} feet to a point in the line of lands now or late of James H. P~t~on and wifej which sa1~ poin~ 1~ referenced as being Sou~h 15 dc~~ees 29 minutcs jO seconds Eas~~ a di~tance of ~hree hundred fifty-ei~h~ Dnd fifteen one-hundrcd~h~ (358.15] feet frem the c~ncer line cf ~he C~rli~le Pike, U. S. Rou~a llj thence c~cnd~ng ollong the line of ga,id lands noW' or l~'Co of Jamc3 H. Patton and wire, South 15 degrees 29 minu~esJO sQconds East, sevcn~Y-$eVen ~nd forty- ri~e ona_hundredths t77.45l !eet ~o ~ pointj thence by the s~mc) North 72 degrees 42 ~inu~es Ea~~, one hundred ~i~ty (150.0l !~et to a point ~rked by a monumcntj thencG by land or Max Hempt, Sou~h 15 desre~$ 29 minutes )0 seconds East, three.hundred seventy-three ~nd seventy one-hundredths (37J.701 feet to a point ~rk~d by a mo~umcnt in the line o! l~nds now cr la~~ of Frank J. ~ilsoni tncnce alone ~he line ot said la~t men~ioned 1~nds, South 71 de3rees 2~ minu~es 00 seconds West, ~hrec hundred ~wenty-fou~ and fifty-four one-hundredths ()24.S4J feet to a point marked by J monument; thence along the line of lands now or late of Patwcst Corporation, North 17 degree~ 16 minutes 00 se=onds West, two ~~dred ~eventy-three an~ sev~ntecn one-hundre~th$ (273.17) feet to ~ point in E~=te~n line af T~ylor Boulevard, Q!orc~ mentioned; thence alene the ~amc in a Northerly Qirection bi the are or a circle curving ~o the left, s~id circle havi", a r~diu: Qf one hundrec seventy-five (115) feet, tha arc di3t~ncc of one hunered thirty-five and ~~y-rour one-hu~dreQths (lJS.6~) f~QC ~o a Folnt; 'thence cont;inuin~ alonr; the E3s':.ern line of Taylor Boulevard, Nor'th ~ I , , , , , ~ ~Qo~2,1/lG! 334 I ~.l::l~ill:1l1;j , \': . . , - _--:---.1 .: ...~;\:'~i:'f I~I i I I I I \ I , I I I ! ,I .:. I , , ., , , , , , ,W ~ , , , I ~ , I I , , , , I , I . APR-26-2002CFRIJ 08:27 Cornerstone Land Transfer (FAX)717 730 9665 P.M3/003 . 17 c:lc:crcc:I lS minute::> 00 seconds ''lest, sixty-two and :;ixty..tliree one- huntirr:dths (62.6)) .feet to a point a.t the Soueh\'lost ::orner of the one (ll ~cre tract first above mentioned, at ~he point and "place of BEGINN1NQ. CONrAI~ING 2.9 ~cres. . BEING a pare of the same premises whi~h F~twest Corpor~tion by its. Deed. daeed the 22nd day of" Occernber, 1970 I and recorded in t.he Office or the Rceor4cr o! Deeds in ~nd for Cumberland"County, Penn- sylvania I in Deed Book 'flX" J Volume 23 r 3"t l'age 406, gran'Ccd and conveyed unto John W. Doughten, the e~antor herein. .TOGETHER with the right of ingress, cgres: and racress unto the grantee herein, his heirs and assigns, in, ever and 3long Taylor Boulevard 3S it extends in a general noreh to south direction frem the C;rlisle Pike, U. S. Route III ~o the tract. hare in conveyed and .:IS mor~ particularly shown on the aforementioned p~n. AND tJIi: .lI.id' gnl.1lt4r Aen:/.IlI COVlll\llnt ond 6g1'.e generallY tnl!l 'PTOpllrtll h.trllby ccmv"Ved. <hot h. lUlU W4rT4nt ! IN WITNESS WHEREOf. I:N g/"elltel,. ~h.e iAU ibid tlelU tird <<bove ,,,,;lten. ... his Aa.nd a:ndltcnl ^iJ1'lllt1\tont ~_ ._w-~~~.~ John W. O.OU& an ~ .--- ~ _......_-~. --_.._---~ __..".", ~, ~.J""",.:...:.~.":~;:I Cur:',l.J. Co., Pa. .' /}....L..tP......... ( . ____.f ...,~ ,--. _ .heal Did. Cumbo Co., P... I'J\, R..\I'hl..T",...rT,. .:. Sv.U' .,. ....", ""',........... '. jJ.(i..:~._~..P. \"'t-"o---1l-..";' _... c.. 1)4". C.l. ".t. A-.:. :;;> ~ - ....;:: -~~~~ J,':. ~ ::i'"'o", ..2:~~ _V> ~~;.; .l: ~~o; - ........... - """\~~~:; ~ ~:;... - ......- - ~ ~ _I'::. _...I6J.l.T....,I...T.. ...t. ~.-:.:.'::..~:. .........~.~~.~~: Cd(... ,.I~l.:;'" ...~.~ c-...c..I)!ol.c.l,....'. ~.. Slakl 01 Pennsylvania CfO'J"~Jl' 01 Cl,;omberlandd.- On C1t.is. the -' /3 }'L da:/I of Oct.-ober . l' 71 . before. miL'. the lllldcr."l1ned. oQicer. perlo'Ull'y qp~tu'od John W. Dougheen, singla ~nJ kl~ol~n ~o me: (tJr f'1ti.t/a.i:torilll prollm) to b. UIC pe,..o" who.c n4MO is slll"'CI'illtd to U~tJ u:,tAu., 11'."t1't&men~. cad lIC.btowledaccl th4t Ac ezccutnl UIC .<<me lor thl': PIt1'pIW:S tllcrcin Cmtlanw:tL . IN WITNESS WHI.:RE.OF, 1 h""nmto -"0:1 21111 114M IlM 06kiI:U. ~CGi.,~~i.~~;':-:-:~l'~ ..2. ~ a //- ...,...~.,.,;.~~ -'~ ..~;s. ~~k~:~~1t;~ ---...-.- V~:'r-::4C:;~-;~ Iollt$.WoOl$I".ac-'", reallln ruOl.C ~. J'ite.;fll?J,;r;;;.,.:... &7 PoICCllu.:uaUJlC ~or,lUCN "';' ~.:: :!l:!:-:-::..... r ~. (7' ?'Z... C11~II~WVM' C:ott1'l1't' '" !!., 5.. a ,'\ ")../ MTnlloll.:llISU1:l f1rl.I~OItt:.n.lf1I ....,...._.. ..: :..~<".. 'i' . oJ.. . ~. " , ~ . .,... ?.;) J"" ~"""l... t ~c,c1'1 cuti'y dL;11 t.hc !I.ti c", ..d PMt emc. QE ..ie!,;. CrJ,Q!n: w IOOtZ" 2.1"'E 33.5 J.... ,-.--- I I I I -",--_..._-.,-.- ;~. ':' . Inventory 1 Accrual Bonds Redemption Date: 4/2002 Issue Yield Next Pinal Serial Number Denom. Series Date Value Interest To Date Accrual Maturity M71824474EE $1,000 EE 10/1998 $587.20 $87.20 4.65lr 5/2002 10/2028 * M68836447EE $1,000 EE 6/1997 $630.40 $130.40 4.85lr 5/2002 6/2027 * M68836445EE $1,000 EE 6/1997 $630.40 $130.40 4.85lr 5/2002 6/2027 . M68836446EE $1,000 EE 6/1997 $630.40 $130.40 4.85lr 5/2002 6/2027 * M68836444EE $1,000 EE 6/1997 $630.40 $130.40 4.85lr 5/2002 6/2027 . R152400644EE $200 EE 10/1998 $117.44 $17.44 4.65lr 5/2002 10/2028 * R152400643EE $200 EE 10/1998 $117.44 $17.44 4.65lr 5/2002 10/2028 * R152400642EE $200 EE 10/1998 $117.44 $17.44 4.65lr 5/2002 10/2028 . V5430576EE $5,000 EE 10/1998 $2,936.00 $436.00 4.65lr 5/2002 10/2028 . X2501101EE $10,000 EE 10/1998 $5,872.00 $872.00 4.65lr 5/2002 10/2028 . 1 = Not eligible for payment (purchase price) 2 = Matured (exchangeable for HH) 3 = Matured (not exchangeable) . = Possibly eligible for U.S. Savings Bond Education Benefit Program. See footnotes on Inventory Summary page. 1 . . Inventory 1 Inventory Summary Redemption Date: 4/2002 NumI:ler Inventory Redemption of Bonds Value Value Interest Accrual Bonds Pre-January 1990 Issue Dates: 0 $0.00 $0.00 $0.00 January 1990 and Later Issue Dates: 10 $12,269.12 $12,269.12 $1,969.12 * 10 $12,269.12 $12,269.12 $1,969.12 Current Income Bonds 0 $0.00 $0.00 $0.00 Inventory Totals 10 $12,269.12 $12,269.12 $1,969.12 pootnotes * Proceeds from Series EE & I Savings Bonds with issue dates beginning January 1990 may be eligible for special tax exemption when used for post-secondary education. For further information concerning the benefits and restrictions that apply, please contact the Internal Revenue Service. 1 These bonds are not eligible for payment within 6 months of their issue date. 2 These bonds have reached final maturity and will earn no additional interest. They can be exchanged for HH Bonds within a year of their final maturity date. 3 These bonds have reached final maturity and will earn no additional interest. They are not eligible for exchange for Series HH Bonds since they have been held over a year past their final maturity date. 2 . Estate Valuation Date of Death: Valuation Date: Processing Date: 04/19/2001 04/19/2001 05/15/2002 Shares or Par Security Description High/Ask 11 100 CHEFS INTL INO (1630821001 NASDAQ 04/18/2002 04/22/2002 1. 56000 1. 57000 21 50 PENN CENT CO (7072701041 NYSE 07/13/1979 Last price available on 07/13/1979 Total Value: Total Accrual: Total, $154.50 paqe 1 Low/Bid 1. 52000 H/L 1. 53000 H/L 0.75000 A/a . . Estate of: Brenneman, Carl L. Account: File #1l426-0001 Report Type: Date of Death Number of Securities: 2 File 10: brenneman.carl Mean a~d/or Div and I~t Sec~ri:y Adjustments Accruais Value 1.545000 154.50 0.750000 N/A $154. 50 $0.00 ThlS~ repor:: '<.as prcduced with SstateVal, a PE'c.uct of Estate ',Taluations & Pricing Systems, Inc. If i8U have q'-.:es:io:-.s, please contact EVP Systems at (818) 313-6300. (Revision 6.4.0) . . . . F~N' Reference 10: 352644 First Union National Bank Attn: Account Verifications POBox 40028 Roanoke VA 24022-7313 May t3, 2002 METIE EVANS & WOODSIDE 3401 NORTH FRONT STREET POBOX 5950 HARRISBURG, PA t7ttO-0950 SUBJEcr: Verification I Confirmation of Account and Balance Information provided for: Customer: CARL L BRENNEMAN (SSN# 210-26-9409) Date of Death: April 19, 2002 Denosit Account Information Account Type Account Number Date of Death Balance Average Balance. Date Opened 3/29/1999 Maturity Date Interest Accrued YTD Dale Rate Interest Interest Paid Closed CHECKING lOI0008235963 LEGAL TITLE CARL L BRENNENMAN D/B/A STOR . IT BEVERLYJ.BRENNEMAN $8,631.89 NON.INTEREST BEARING ACCOUNT CORPORATE CHECKING 20??oo3162943 $5,285.33 3/29/1999 $0.68 $3.42 LEGAL TITLE MOBILE REFRlDGERA TION SERVICES . Due to system limitations. we can only provide a twelve month average balance on depository accounts. Loan Account Information Account TyP' Account Number Date of Death Balance Original Amount Dal<: Opened Monthly Interest Times Int Paid Terms Payments Rate Late Thru Due Date CONSUMER LOAN 1028441925 $24,000.00 4/5/1999 LEGAL TITLE: CARL L. SR.E~}':EM,.lo.N 001032 . . . f~N. Reference 10: 352644 . Date of death balance does not include accrued interest. . If date of death occurrs on a weekend or a holiday, date of death balance does not include any transactions that were made during that time period. t?:!J~1~ Servicenter Associate May 13,2002 (540)563-7323 Phone Number abs; ag 001032 ." .~ SETTLEMENT STATEMENT CARL BRENNEMAN ESTATE AUCTION JUNE 24, 2002 TOTAL GROSS PROCEEDS $ 56,)80.00 AUCTION CO. COMMISSION 15% - 8,457,00 ADVERTISING EXPENSE - 1,162.06 TOILET RENTAL 99.22 TOTAL NET PROCEEDS $ 46,661.72 ** KPA ESCROW ACCT CK, #~~~ REPRESENTING NET PROCEEDS ATTACHED KERRY PAE AUCTIONEERS .,'O"F~O-- -'~-,' :_'_C:':'''-::''';'~:'_ <,:,:>:;;,'.l't,,,oi-s . ,'-,,~ - , ", .;U-,; h..G!<:lD..."--: )'"Co') SUiIUiU}.J ~>..J<j:l, f...1c.hC0 ;~jUijJ, fL 3.3';37 $ (3)13) 642-9531 . . <<. . ~ ~~!-"'.""I" ,,1r1 ~f~ c '* REV -1500 INHERITANCE TAX RETURN RESIDENT DECEDENT CO....Off<<EALTIlOFPE~Vl"AHlA DEPARTMENT OF REVENUE OEPT.28DlK11 HARRISBURG, PA 1112&-OeOl I * DECEDENT'S NAME (lAST, FRST, AND MIDDLE INITIAl) Meiller, Clara Rebecca DAle OF DEAlH (MM-DD-YEAR) DATE OF BRTH (MM-OD-YEAR) 04/14/2002 07/13/1915 (F APPLICABLE) SURVIVWG SPOUSE'S NAME ( LAST, FRST AND MIlDLE INITIAl) 1. Original Return o 4. Urn tied Eslate iii o 2. Supplemental Return o 48. FuturehtentstCompmmise{dateofd88lh after 12-12-S2) o 7. Decedent Maintained a Living Trust (Attach copy of Trust) o 10. Spousal Poverty Credit (date of death between 12 1 1 1-1 6. Decedent Died Testate (Attach copy of Will) 9. litigation Proceeds Received u ~~ .-- IRM NAME (If applic8lble) Rominger & Bayley Law Offices z !1 ~ ::5 ~ i[ c lil a: 1. Real Estate (Schedule A) 2. Slocks and Bonds (Schedule B) 3. Closely Held COIJIoration, Partnership or SoIe-ProprietOlllhip 4. Mortgages & Notes Receivable (Schedule 0) 5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) 6. Jointly Owned Property (Schedule F) o Separate Billing Requested 7. I_-Vivos Transfers & Miscellaneous Non-Probate Property (Schedule G or L) 8. Total G...... Aneta (total Lines 1-7) 9. Funeral Expenses & Administrative Cosls (Schedule H) 10. Dabls of Decedent, Mortgage Liabil~ies, & Liens (Schedule I) 11. Total Deductions (total Lines 9 & 10) 12. Net Vatue of Ea_ (Line 8 minus Line 11) 1 '7 _OFFI[;j'(r::.N Y FILE N U ..8ER ~ 21 02 . COUNTY CODE YEAR SOC~SECURITYNUMBER 0424 ~Vt.tJlER 276-22-0127 THIS RETURN .U8T liE FILED IN DUPUCATE WITH THE REGISTER OF WILLS SOCIAL SECURITY NUMBER 3. Remainder Return (dated death prior to t2-t3-a2) o 5. Federal Estate Tax Return Required 8. Total Number of Safe Deposit Boxes o ii.Election to tax under Sec. 9113(A) (Att8::hSchO) 13. Cheritable and Governmental BequestslSec 9113 Trusls for which an election to tax has not been mede (Schedule J) 14. Net Value SubJec1 to Till (Line 12 minus Line 13) TM COMPLETE MAUfG ADDRESS 155 S. Hanover Sl. Carlisle, P A 17013 (1) It 8,000.00 --"~"---~- ------~._~- (2) t46,280.68 (3) None (4) None (5) 16,860.44 (6) 2,267.53 -.---- (7) None (8) (9) 24.472.35 (10) 5,578.t9 SEE INSTRUCTIONS ON REVERSE SIDE FOR APPUCABlE RATES 15. Amount of Line 14 taxable at the spousal tax rate, or transfers under Sec. 9116(a)(1.2) ~ ~ ~ ~ 16. Amount of Line 14 taxable at lineat rate 17. Amount of Line141axab1e at sibUng rate 18. Amount of Line 14 taxable at collateral rate 19. Tax Due 251,358.1t x .00 x .045 x .12 x .15 20. 0 ~~1';1i.{_1lIIIIillI CHE'::K HERE IF YOU ARE REQUESTI'.G A REFU'JD OF A'J ')VERPAY' nJT ...... Copyright 2000 Ionn _.. only Thelaclmer Group, too. -""""''f'~.,,,,,,~,,..-.,~-,. ._,~,- ...~~_-.,..J._ ' ~ < OFFICIAL USE ONLY "'J 283,408.65 (11) 30,050.54 (12) 253,358.11 (13) 2,000.00 (14) 251,358.1t (15) -----..-- (16) 1t.31t.1t (17) (18) (19) 1t.311.l1 -------.-- -- Fonn REV-1500 EX (R...._. Decedent's Complete Address: STREET ADDRESS 126 N. 33rd St. CITY Camp Hill STATE PA ZIP 17011 (1) 1I,31t.ll 10,745.55 565.56 Tatal Credits (A . B . C) (2) 11,311.11 0.00 Tax Payments and Credits: 1. Tax Due (Page 1 Line 19) 2. CreditslP.yments A. Spou..1 Poverty Cred~ B. PriorPayments C. Discoont 3. Int""",tlPen.1ty ff .pplic.ble D. Interest E. Penalty T otat InterestlPen.1ty (0 . E) 4. If Line 2 is greater 111., Line 1 . Line 3, enter 1he difference. This is 1he OVERPAYMENT. Check box on P.ge 1 Un. 20 to requ..t. refund 5. If Line 1 . Line 3 i. greater 1II.n Line 2. .nter Ihe difference. Thl. I. the TAX DUE. A. Enter the interest on the tax due. B. Enter 1IIe tatal of Line 5 . SA. This Is 1he BALANCE DUE. (3) 0.00 (4) (5) 0.00 (SA) (5B) 0.00 Make Check Payable 10: REGISTER OF WILLS, AGENT PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make. transfer lM1d: Yes No .. retain 1he u.e or income of1he propertytr.n.ferred;.......... ................................................... ~ I b. retain 1he righl to des.ignate who .hall u.e the propel1y tr.n.ferred or its income;......................................... c. retSln a nrwerslonary mterest; or.................... ............................................................................................... d. receive the promise for life of either payments, benefits or care?.......... ............... 2. :=:r:.. ::.~=on~..12,1982:d~~~8Il~~..~.~in..Clfl~..~..~~~~.~ClIJI 0 ~ 3. Did decedent own .n "in tru.t for" or payable upon dea1h b.nk .ccount or security at his or her death?.............. 0 ~ 4. Did decedenl own .n Individu.1 Retirement Account. annuity. or other non-probate property which contain. . beneficiary design.Iion?....................................................................................................................... 0 18I IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. Under penalties of perjuy, I declMt Ih8t I ha'l9 examinecl this retun, inckJding accompanying schedules tr'ld statements, and to the best of my knowledge and belief, it is true, CCNT8Ct and complete DecI..mon of preparer other than the personal repl'8SeI"It.at is based on all infonnation ofwhich prep.- has My know~_.______. _. _ _ _.__ SIGNATURE OF PERSON RESPONSIBLE FOR Fl.1NG RETURN ADDRESS DATE ~ ~_~.mJ}v/~ .. ~ RS RESPONS&..EFORF~RETURN- 506 Sl!rinJ(bouse Rd. CampHiII;PA 170tl OL, Pu 3/. 12M:), I DATE AIlIlRESS PREPARER OlHER 1liA~REPRESENTA11VE - ADDRESS MOlt\( r. LS.II.ylflty) ~s,....;, c: t 55 S. Hanover St. Carlisle. P A 17013 OATE <(?,.Z-02-. For dates of death on or after July 1, 1994 .nd before J.nu.ry 1, 1995, 1he tax r.le imposed on 1he net value of tran.fers to orfOfthe u.e of 1IIe .urviving .pou.e is 3% [72 P.g. ~9116 (.) (1.1) (i)). For dates of death on or after January 1,1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 0% [72 P.S. S9116 (.) (1.1) (i)). The .tatutedoes not llllllIIIDI. transfer to . SUNMng .pousefrom tax, .nd 1IIe stalulory requirllments for disclosure of assets .nd filing. tax return are .till.pplicable...., ff 1he .urvNing .pouse Is 1he only beneficiary. For dates of dea1h on or after July 1, 2000: The tax rate imposed on the net value of transfers from a deceased child twenty.one years of age or younger at death to or for the use of a natural p.rent,.n edoplMt p.rent, Of. .Iepp.renl of1he child i. 0% [72 P.g. S9116 (.) (1.2)\. The tax rate imposed oo1lle net value of tran.fers to or for 1IIe u.e of !he decedent'. lineal benefici.ries i. 4.5%, except.. noted in 72 P.g. S9116 1.2) [72 P.g. ~9116 (.)(1)1. The tax rate imposed oo1he net vaJue of transfers 10 or for the use of 1he decedent'. .ibling. is 12% [72 P.g. S9116 (.J (1.3)\. A .ibIing Is defined, under Section 9102, as an indMdual who has at least one parent in commoo wi1h 1he decedent, whelher by blood or edoption. . SCHEDULE A REAL ESTATE COMMONWEALTH OF PEHMSVLVANlA lPItERITAN:E TAX RETURN RESIDENTOECEOENT ESTATE OF . Medler, Clara Rebecca L I FilE NUMBER ---- ._."__ __ ___ "___ 21 - 02 - 0424 AII",al property owned solelv or as a tenant In common must ba ",ported at fair mart<et value. Fair market value is defined as the price at which property would be exclianged between a wiling buyer and a willin.9 seller, neither being compelled to buy or sell, both having reasonable ~nowledge of the reIevlint facts. Real property which Is jolnay-owned with right of survivorship must be disclosed on schedule F. ITEM NUMBER 1 126 N. 33rd St. Camp Hill, Pennsylvania DESCRIPTION VALUE AT DATE OF DEATH 118,000.00 TOTAL (Also enter on Line 1, Recapitulation) 118,000.00 . SCHEDULE B STOCKS & BONDS COMIIlOIfNEALTH OF PENNSYLVANIA INlERITANCE TAX RETURN RESlOENTDECEDENT I FILE NUMBER 2t -02-0424 ESTATE OF Meiller, Clara Rebecca All property Jolntty.....ned with right of aurvlvol1lhlp mom be disclosed on Schedule F. ..~ ._--. ---- . . --- - ~ ~ ITEM DESCRIPTION UNIT VALUE VALUE AT DATE NUMBER OF DEATH Excelsior Value and Rest 31.75 9.362.06 Invesco Dynamics Fund 14.63 t.764.47 Janice Growth and Income Fund 29.45 17,347.35 Schwab Value Advantage 1.00 71,404.85 Sound Shore Fund. Inc. 31.16 9,080.06 Amcent: Income and Growth 26.95 5.542.8 t Arneristock Fund 40.650 t 8.944.28 Dreyfus Disciplined SlOe 30.8t 12,834.80 TOTAL (Also enter on line 2, Recapitulation) 146,280.68 I SCHEDULE E i CASH, BANK DEPOSITS, & MISC~I PERSONAL PROPERTY _ ___,... .n"...... ......__ _____ ____ -I'-FilE NUMBER 2t -02-0424 . COM.,OtfNEAlTH OF PENNSYLVANIA INI-ERITAHCE TAX RETURN RESIDENT DECEDENT ESTATE OF . Medler, Clara Rebecca Include the proceeds of l!\igation and the date the proceeds were receilied by the estate. All property JolnUy-owned with the right of survivorship must be disclosed on schedule F. ITEM NUMBER 1 Personat Property DESCRIPTION VALUE AT DATE OF DEATH 3,525.00 2 Schwab Money Market Fund 13,335.44 TOTAL (Also enter on line 5, RecapltulaUon) 16,860.44 . SCHEDULE F JOINTLy.oWNED PROPERTY I 1- COMMONWEALTH OF PENNSYlVANIA NiERrTANCE TAX RETURN _.~___ _ RESlJeJ~!_~ECEOE",l__ ~ I FILE NUMB~-- 21.02-0424 ---~----_.- ESTATE OF Meiller. Clara Rebecca If an asset was mada Joint within ona yaar of the decedent's date of death, It must be reported on schedule G. SURVIVING JOINT TENANT(S) NAME A Linda Milano ADDRESS 506 Springhouse Rd. CampHiIl,PA t7011 RELATIONSHIP TO DECEDENT Child JOINTLY OWNED PROPERTY: ITEM LETTER NUMBER FOR JOINT TENANT DATE MADE JOINT DESCRIPTION OF PROPERTY] .. % O~ DATE OF DEATH Include name of financial instilutioo and bank account number or. DATE OF DEATH DECO'S VALUE OF similar identifying number. Attach deed for jointly-held real estate,vALUE OF ASSET INTEREST DECEDENT'S INTEREST A Unknown Antirs!, Checking Account #002886271.6 (approx.10 I years ago) 4,535.07' 50%: 2,267.53 lL- TOTAL (Also enter on line 6, Recapitulation) 2,267.53 . SCHEDULE H FUNERAL EXPENSES & ADMINISTRATIVE COSTS COU.,OtfNEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESloeNTDECEDENt ESTATE OF . MeIller, Clara Rebecca 'I FILE NUMBER 21 -02-0424 Debts of decedent mU8t be reported on Schedule I. -- - - ----- --- _u ---- -- ITEM DESCRIPTION AMOUNT NUMBER A. FUNERAL EXPENSES: I Neill Funeral Home, Inc. 2,417.76 2 Grave monuments 1,025.00 3 Hilton (post-service reception) 391.t4 B. ADMINISTRATIVE COSTS: 1. Personal Representaliw's Commissions Social Security Number(s) I EIN Number of Personal Representatiw(s): Street Address City State - Zip Year(s) Commission paid 2. Attorney's Fees Rominger & Bayley Law Offices -- Mark F Bayley 8.989.6t 3. Famiy Exemption: (If decedent's address is not the same as claimonrs, attach explanation) Claimant Street Address City State Zip Relationship of Claimant to Decedent 4. Probate Fees 5. Accountanfs Fees 6. Tax Ratum Preparer's Fees 7. Other AdministralNe Costs I Real Estate Utilities 613.78 2 Real Estate Taxes 482.71 Totsl of Continuation Schedule(8) 10,552.35 TOTAL (Also entsr on Itne 9, Recapitulation) 24,472.35 *' CCNMONWEAL lH OF PENNSYlVANIA NHERfTANCE TAX REnJRN ~SDENT~ECEI?~____ ESTATE OF Meiller, Clara Rebecca -:1 ! 5 6 7 8 9 10 It 12 ~- Real Estate Yard Work Schedule H Funeral Expenses & Administrative Costs continued Cumberland County Law Journal (advertising) Sentinal (advertising) Cumberland County Register of Wills Homeowners insurance premium David Velozo (Real estate fix-up) Real Estate Transfer Tax Realtor fee Real Estate Transaction feel notary fee American Home Insurance Premium ! FILE NUMBER 21 - 02 - 0424 Page 2 of Schedule H 125.00 75.00 87.35 302.00 187.00 1,000.00 1,180.00 7.080.00 131.00 385.00 *' SCHEDULEr DEBTS OF DECEDENT, MORTGAGE LIABILITIES, & LIENS COMMONWEAlTH OF PENHS'l'LVANlA 1Ht-Ell:ITAHCE TAX RETURN RESIDENT DECEDENT .~.. ESTATE OF . Medler, Clara Rebecca I FILE NUMBER 2t -02-0424 Include unl1llmbuned medical expenses. ITEM NUMBER I Outlook Point Nursing Home at Creekview DESCRIPTION AMOUNT 4,292.23 2 Martha Addae (Live in care) 875.00 3 Brockie Pharmacy 209.01 4 EMS t t2.95 5 Ambulance 89.00 TOTAL (Also enter on Line 10, Recapitulation) 5,578.19 *' SCHEDULE J BENEFICIARIES COMMONWEALTH OF PENNSYlVANIA NHERITANCE TAX RE1URN RESOENT DECEOENT _L ESTATE OF Meiller. Clara Rebecca FILE NUMBER 21-02-0424 ---.. H_ - .-- --... RELATIONSHIP TO AMOUNT OR SHARE NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY __ DECEDENT OF ESTATE I. TAXABLE DISTRIBUTIONS (include outrighlspoosal distributions) 1 Enler dolor amounts for distributions shown _ on ~nes 15 through 17, IS appropriate, on Ray 1500 cover sheel II. NON-TAXABLE DISTRIBUTIONS: A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS t Trinity Evangelical Lutheran Church 1,000.00 2 Central Pennsylvania Business School Scholarship Endowment Fund 1,000.00 TOTAL OF PART 11- ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-l500COVER SHEET 2,000.00 c;\wp51\willsl.rnciller.wil filE GOPY 11Iast IIIUl aub Qrtslctttttnl OF CLARA R. MEILLER I, CLARA R. MEILLER, of 126 North Thirty-third Street, Camp Hill, 1- '? '- Cumberland County, Pennsylvania, being of sound and disposing mind, memory and understanding, do make, publish and declare this as and for my Last Will and Testament, ....( ....l... :, hereby revoking and making void any and all former Wills, Codicils, or writings in the '- c '-.: nature thereof, by me at any time heretofore made. .'1'- - \ FIRST: I hereby order and direct my Executor, hereinafter named, to pay all my just debts, funeral expenses, testamentary expenses and all Inheritance, Estate, Transfer and Succession Taxes, as soon as may be conveniently done after my death, out of my residuary estate. SECOND: give the sum of One Thousand ($1,000.00) Dollars to TRINITY EVANGELICAL LUTHERAN CHURCH, of Camp Hill, Pennsylvania. THIRD: I give the sum of One Thousand ($1,000.00) Dollars to CENTRAL PENNSYLVANIA BUSINESS SCHOOL SCHOLARSHIP ENDOWMENT FUND. FOURTH: I give all the rest, residue and remainder of my estate of whatever nature and wherever situate to my daughter, LINDA MEILLER MILANO, provided that she survives me by thirty days. t:\wp51 \wills\meilkr ,wil FIFTH: In the event that my daughter, LINDA MEILLER MILANO, fails to survive me by thirty days, I hereby give one-half of my estate to my daughter's husband, TODD A. MILANO, and one-half of my estate to my grandchildren, in equal shares, per stirpes. My grandchildren are HALE J. MILANO and HAZEL J. MILANO. I wish any afterborn grandchild to share in this bequest, such that the share of each grandchild shall be equal. SIXTH: I appoint TODD A. MILANO guardian of any property which passes under this Will or otherwise to a minor or an incompetent and with respect to which I am authorized to appoint a guardian, and have not otherwise specifically done so. Such guardian shall have the power to use principal as well as income from time to time for the minor's education and support or to make payment for those purposes without further responsibility to the minor or to any person taking care of the minor. The said guardianship shall terminate as to each beneficiary when he or she reaches the age of 21 years, if a minor, or when declared competent, jf an incompetent. LASTLY: I nominate, constitute and appoint my daughter, LINDA MEILLER MILANO, to be the Executrix of this my Last Will and Testament. In the event that my said daughter, shall be unable to serve as Executrix for any reason, I appoint my daughter's husband, TODD A MILANO, as Executor. No Executor or Executrix shall be required to file bond in this or any other jurisdiction. 2 c:\wpSI\wills\meiller.wil IN WITNESS WHEREOF, I have hereunto set my hand and seal this 1[' th 1',\ r-x) day of . Jet)~ {{ (l ~j' , 1998. fILE CDPY . e Ip. . ;c.I.~,<". ')JI/(lf.. Clara Rebecca Meiller Li SIGNED, SEALED, PUBLISHED and DECLARED in the presence of: I .- 4-( '. . .'t~ r - (,\A1I (I-i \...) rUL' ?-;/ 3 c:\wpSl\wills\meillcr. wi) COMMONWEALTH OF PENNSYLVANIA ss COUNTY OF CUMBERLAND I, CLARA REBECCA MEILLER, Testatrix, whose name is signed to the attached or foregoing instr!Jment, having been duly qualified according to law, do hereby acknowledge that I signed and executed the instrument as my Last Will; that I signed it willingly; and that I signed it as my free and voluntary act for the purposes therein expressed. Sworn or affirmed to andt~nOwledged be re me, by CLARA REBECCA MEILLER, the Testatrix, this ,..;l 0 day of;' (, II t 1 \. ( , 1998. . j-' tJ 1<)" ,.... J( ,j.,..'J -/)/..,'0:( L. Clara Rebecca Meiller, Testatrix C~!I!~PfluHCL~V Nota Public .. NOT />14N. SEAL ESA J. BURKHOlDER, N.,\3",..PUl>IIC , TeA CarflSle, Cumoerland SC~t!: ; ,f.. ~_ Mycomr:.i$o:.;~?::?l~...- -.0 .-.-..------ . 4 c:'wpSl'wilh\meiJkr.wiJ COMMONWEALTH OF PENNSYLVANIA ss COUNTY OF CUMBERLAND We, 0#l1k3 :D. Pc..C,-uc7( and 'JJ'lc72LC'1It. /H#f!F('ld the witnesses whose names are signed to the attached or foregoing instrument, being duly qualified according to law, do depose and say that we were present and saw Testatrix sign and execute the instrument as her Last Will; that CLARA REBECCA MEILLER signed willingly and that she executed it as her free and voluntary act for the purposes therein expressed; that each of us in the hearing and sight of the Testatrix signed the Will as witnesses; and that to the best of our knowledge the Testatrix was at that time 18 or more years of age, of sound mind and under no constraint or undue influence. Sworn or affirmed to and subscribed to before me byrJtI,7tcS). (((,,<11 7L and '-{11f:7!...LE ";1::.- /J1/1,!H€:-YK.t'::; this .:::)Q f:.i.....dayof ' . , 1998. -t-- .." ..1--......i:f (!vI 1.1 c{-1 \f )iJ...CC2"""71,' Witness ' '.: -.-- , ~ l;/ ,,-;&1 C--~~'~a~=6ir~ WctuJ NOTARIAl. SEAl. TERESA J. BURKHOLDER, Notary Pullllc CanWile. CumOet1and County. PA My CtmlmLs!'l~('n E~ifCS Fe!). ~!.:.~~_. , --_.-..........~....~.--,._,..---. 5 Date of Death: CERTIFICATION OF NOTICE UNDER RULE 5.6(a) C L- hi /Z;1 R. II E. / ..<..-t... Z/f:. II .P/?/~ /~7 2C)O~ Will No. VA No. a' - 0 d-. - Dl-fd..f Aaffiis N"Q... Name of Decedent: To the Register: I certify that notice of (beneficial interest) estate administration required by Rule 5.6(a) of the Orphans' Court Rules was served on or mailed to the following beneficiaries of the above-captioned estate on .,L,j/VDA 4/V/f./ #e/--<.~c.~ ffi~/1/V6 Address !5 iJ~ Sr:',,(J//Vf/ /fo uS C- l!.-/-l MP II/i-L I ,PJ/1 / ~. Name Notice has now been given to all persons entitled thereto under Rule 5.6(a) except Date: ~-l-07-- If\A0 Signature r-< :"-J , Name J//l~K T: /fAy-LEY S JI~NtfV.[/( Sr Address /56 ............! (-i (}A'~~/S&~f /?4 /?7;/~ I Telephone (7/~ d 4/ - tb () r-{) Capacity: _ Personal Representative ~ Counsel for personal representative Date of Death: STATUS REPORT UNDER RULE 6.12 Name of Decedent: C \<Af"'- Re,~ lIYe',\ \e( i-\4-D7 7~t -trL-6~ Vy oJ< Will No.: Admin. No.: Z 1- 0 -Z - 6"-12 Y Pursuant to Rule 6.12 of the Supreme Court Orphans' Court Rules, I report the following with respect to completion of the administration of the above-captioned estate: 1. State ~er administration of the estate is complete: Yes Xl No 0 2. If the answer is No, state when the personal representative reasonably believes that the administration will be complete: 3. If the answer to No.1 is Yes, state the following: a. Did the personal ~esentative file a final account with the Court? Yes _ No ~ b. The separate Orphans' Court No. (if any) for the personal representative's account is: c. ?i~ the persona1l9'~esentative state an account informally to the parties m mterest? Yes M No 0 . c. Copies of receipts, releases, joinders and approval of formal or informal accounts may be filed with the Clerk of the. Orphans' Court _ and may be attached to this report. (( Date: L20~ O~ -1fVlJ :> Signature J[vlcr lL ~, (Se. 'f ~ i 0 sq- Name / I I.SS S. t -kIA-over -5+. ~\ 11 S 1~ Address ~A- \ --, Cy1 '5 \7 II) ZS.t\ (" () 7 Q elephone No. c'qul!'8 ;;'; 1:) tlZ: Z d L - ~d\j va. Capacity: 0 Personal Representative ~ Counsel for personal representative STATUS REPORT UNDER RULE 6.12 Name of Decedent:C\Qr(A Me\\\~r- Date of Death:_t\pV-\'\ \L1J ?(1)7 Will NO'~I..<J(\~, Admin. NO~ ~O. 2J-Ol-QL-/ZL-1 Pursuant to Rule 6.12 of the Supreme Court Orphans' Court Rules, I report the following with respect to completion of the administration of the above-captioned estate: 1. State yhether administration of the estate is complete: Yes-+- No 2. If the answer is No, state when the personal representative reasonably believes that the administration will be complete: 3. I f the answer to No. 1 is Yes, state the following: a. Did the personal representative file a final account with the Court? Yes NO~. b. The separate Orphans' Court No. (if any) for the personal representative's account is: c. Did the personal representative state an account informally to the parties in interest? Yes~ No d. Copies of receipts, releases, joinders and approvals of formal or informal accounts may be filed with the Cerk of the Orphans' Court and may be attache to this report. Date:&t~"a'-~ "j \'n(lx"'l< r- B1<hl \-e\~ Name (Please type pri t) \2~~LAW\ \1-C\(lC)Vfy st A cress {J \l ?J-1 ( -1 on,f) Tel. No. ~- ,-.. I , '" Capacity: Personal Representative ~ Counsel for personal representative (MAH:rmf/AM3) .' ": COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE BUREAU OF INDIVIDUAL TAXES DEPT. 280601 HARRIS8URG, PA 17128-0601 REV-1162 EX(11-96) RECEIVED FROM: PENNSYLVANIA INHERITANCE AND ESTATE TAX OFFICIAL RECEIPT NO. CD 001401 DUPLICA TE BAYLEY MARK F 155 S HANOVER ST CARLISLE, PA 17013 ---.---- fold ESTATE INFORMATION: SSN: 276-22-0127 FILE NUMBER: 2102-0424 DECEDENT NAME: MEILLER CLARA REBECCA DATE OF PAYMENT: 07/12/2002 POSTMARK DATE: 00/00/0000 COUNTY: CUMBERLAND DATE OF DEATH: 04/14/2002 ACN ASSESSMENT CONTROL NUMBER AMOUNT 101 I $10,745.55 I I I I I I I I TOTAL AMOUNT PAID: $10,745.55 REMARKS: MRS LINDA A MILANO C/O MARK F BAYLEY CHECK#136 SEAL INITIALS: JA RECEIVED BY: REGISTER OF WILLS MARY C. LEWIS REGISTER OF WILLS 1"7-60-</ '" BUREAU OF INDIVIDUAL TAXES INHERITANCE TAX DIVISION DEPT. 280601 HARRISBURG, PA 17128-0601 COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE NOTICE OF INHERITANCE TAX APPRAISEMENT, ALLOWANCE OR DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX DATE ESTATE OF DATE OF DEATH FILE NUMBER COUNTY ACN 10-22-2002 MEHLER 04-14-2002 21 02-0424 CUMBERLAND 101 MARK F BAYLEY ROMINGER & BAYLEY LAW 155 S HANOVER ST CARLISLE PAl 17013 '* REY-1541 EX iFP 101-D2I CLARA R Allount Rellitted ) CHANGED (1) (2) (3) (4) (5) (6) (7) 118,000.00 146,280.68 .00 .00 16,860.44 2,267.53 .00 (8) MAKE CHECK PAYABLE AND REMIT PAYMENT TO: REGISTER OF WILLS CUMBERLAND CO COURT HOUSE CARLISLE, PA 17013 CUT ALONG THIS LINE ~ RETAIN LOWER PORTION FOR YOUR RECORDS ~ REV:i54-j-E)f-AFP-foY=o2T-No'~ficE--oF-YNHEifi;:AiicE-TAi-A-PPRAYSEMENT~--ALi-oWAi'-CE-iri------------ -- --- DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX ESTATE OF MEHLER CLARA R FILE NO. 21 02-0424 ACN 101 DATE 10-22-2002 TAX RETURN WAS: [X) ACCEPTED AS FILED RESERVATION CONCERNING FUTURE INTEREST - SEE REVERSE APPRAISED VALUE OF RETURN BASED ON: ORIGINAL RETURN 1. Real Estate [Schedule A) 2. Stocks and Bonds (Schedule B) 3. Closely Held Stock/Partnership Interest (Schedule C) 4. Mortgages/Notes Receivable [Schedule D) 5. Cash/Bank Deposits/Misc. Personal Property [Schedule E) 6. Jointly Owned Property [Schedule F) 7. Transfers (Schedule G) 8. Total Assets APPROVED DEDUCTIONS AND EXEMPTIONS: 9. Funeral Expenses/Adll. Costs/Misc. Expenses (Schedule H) 10. Debts/Mortgage Liabilities/Liens [Schedule I) 11. Total Deductions 12. Net Value of Tax Return 13. Charitable/Governllental Bequests; Non-elected 9113 Trusts [Schedule J) 14. Net Value of Estate Subject to Tax 24,472.35 5.578.19 (11) (12) (13) (14) (9) (10) NOTE: To insure proper credit to your account, subllit the upper portion of this forll with your tax paYllent. 283,408.65 30.050 54 253,358.11 2,000.00 251,358.11 NOTE: If an assessment was issued previously, lines 14, 15 and/or 16, 17, 18 and 19 will reflect figures that include the total of ALL returns assessed to date. ASSESSMENT OF TAX: 15. Allount of Line 14 at Spousal rate (15) 16. Allount of Line 14 taxable at Lineal/Class A rate (16) 17. Allount of Line 14 at Sibling rate (17) 18. Allount of Line 14 taxable at Collateral/Class B rate (18) 19. Principal Tax Due TAX CREDITS: .00 X 00 = .00 251,358.11 X 045 = 11,311.11 .00 X 12 = .00 .00 X 15 = .00 (19)= 11,311.11 ~...~n. n~_~.. . l+J AMOUNT PAID DATE NUMBER INTEREST/PEN PAID (-) 07-12-2002 CDOO1401 565.56 10,745.55 TOTAL TAX CREDIT 11,311 .11 BALANCE OF TAX DUE .00 INTEREST AND PEN. .00 TOTAL DUE .00 . IF PAID AFTER DATE INDICATED, SEE REVERSE FOR CALCULATION OF ADDITIONAL INTEREST. ( IF TOTAL DUE IS LESS THAN $1, NO PAYMENT IS REQUIRED. IF TOTAL DUE IS REFLECTED AS A '"CREDIT'" (CR), YOU MAY BE DUE A REFUND. SEE REVERSE SIDE OF THIS FORM FOR INSTRUCTIONS.) FAMILY SETTLEMENT AND FINAL RELEASE IN ESTATE OF CLARA R. MEILLER (File No. 21-02-0424) KNOW ALL MEN BY THESE PRESENTS, that WHEREAS, Clara R. Meiller,late of Camp Hill, Cumberland County, Pennsylvania, deceased, died testate on April 14, 2002, having fIrst made her Last will and Testament, which was duly executed on January 20, 1998, and is duly recorded at the Register of Wills in Cumberland County, Pennsylvania. WHEREAS, the said Clara R. Meiller, by the aforesaid Last Will and Testament, named Linda Meiller Milano, as Executrix of said Last Will and Testament; WHEREAS, letters testamentary on the estate of the said decedent were duly issued by the Register of Wills of Cumberland County, Pennsylvania, to the said Executrix hereinafter called personal representative; WHEREAS, the said personal representative has gathered the assets of the estate of the said decedent and the assets consist of real and personal property; to a total value of $283,408.65 as set forth in the Inheritance Tax Return, which is attached hereto and made a part hereof, and marked Exhibit "A". WHEREAS, the debts and deductions, including the payment of inheritance tax in the said estate, amount to $30,616.10, leaving a balance for distribution of $252,792.55. WHEREAS, the balance for distribution as shown in the said Inheritance Tax Return marked as Exhibit "A" has been distributed as herein indicated in accordance with the terms of the Last Will and Testament of the said decedent; NOW, THEREFORE, KNOW YE, that I, Linda Meiller Milano, the heir under the Last Will and Testament of the said decedent, and being that person entitled to inherit under said Last Will and Testament, do hereby acknowledge that I have this day had and received from the aforesaid personal representative, in full satisfaction and payment of all sum or sums of money, legacies, bequests, and devises as are given, devised and bequeathed to me by the said Last Will and Testament, the amount due me under said Last Will and Testament, which amount I have received this day; AND, I do hereby stipulate that in order to avoid the expense and time involved in the filing of a formal account and schedule of distribution, I agree that no account is necessary and I do hereby agree that I do consent to distribution being made without the filing of an account and schedule of distribution, the same to be with the same force and effect as if they had been filed and confIrmed by the Orphan's Court Division of the Court of Common Pleas, Cumberland County. THEREFORE, I do hereby remise, release, quitclaim and forever discharge the said personal representative, Linda Meiller Milano, her heir, executors, and administrators and assigns, or and from the said estate and from all actions, suits, payments, accounts, reckonings, claims, and demands whatsoever for or by reason thereof, or for any other use, matter, cause or thing whatsoever, touching upon the state of the said decedent, and I do further hereby covenant and agree that should any liability come due to the estate of the said decedent after the signing of this agreement, I do hereby covenant and agree that I will contribute my share of the estate to satisfy any and all claims, demands, suits, or causes of action which may be successfully prosecuted against the said estate or the aforesaid personal representative after the signing, sealing and delivery of this family settlement and fmal release. IN WITNESS WHEREOF, I have hereunto set my hand and seal this :)(0 daYOf~ 2002. J1r3 tl1ark r-: f3~'I fey r t:S'f. ~~'/JM-7tt~{) A MEILLER MILANO COMMONWEALTH OF PENNSYLVANIA : SS. COUNTY OF CUMBERLAND On Ibis, the ;Jp day of !2u F ' 2002, before me, a notary public, the undersigned officer, personally appeared L' da Meiller Milano (known to me or satisfactorily proven) to be the person whose name is subscribed to the within instrument, and acknowledged that she executed the same for the purposes therein contained. IN WITNESS WHEREOF, I hereunto set my hand and official seal. ~. 9 9~,- Not Public v Notarial Seal LindaJ. Jumper, Notaly Publi.. CaIlisle 8oro, Cumberland County My Convnission Expires Juy 23. 2006 Member, ~ Association or Notaries It!y-tSOtI!l[.fI-G01 *' REV-1500 INHERITANCE TAX RETURN RESIDENT DECEDENT f.u ,,~~- . COUNTY CODE COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE OEPT.2BDeO' HARRISIIU.!G, -"!,_~~.2B-.ll!O' ._---~ :..~~ ,- ~.', '/ ..~--~_._-- --------- 02 0424 YEAR ____. _ NUM.!!~.IL___ DECEDENTS NAME (LAST. FIRST, AND MIDDLE INITIAL) SOC~SECURITYNUMBER Meiller, Clara Rebecca 276-22-0127 .... Z DA1E OF DEAlli (MM-OD-YEAR) I DA1E OF BIRlli (MM-OD-YEAR) THIS RETURN MUST BE FILED IN DUPLICATE WITH THE w 0 w 04/] 4/2002 07/13/1915 0 REGISTER OF WILLS w 0 (IF APPLICABLE) SURVIVING SPOUSE'S NAME (LAST, FIRST AND MIDDLE INlT1AL) SOCIAL SECURITY NUMBER ~ 1. Original Return o 2. Supplemental Return o 3. Remainder Return (date of death prior to 12-13-82) w .... 0 0 4a. Future Interest Compromise (date of death o 5. Federal Estate Tax Return Required :.::~'" 4. Limited Estate 00:::0:: after 12-12.a2) wo.o J:oo ~ 6. Decedent Died T esta1e (Attach copy 0 7. Decedent Maintained a Living Trust (Attach 8. Total Number of Safe Deposit Boxes 00::-' 0. III of Will) copy of Trust) - 0.. -< 0 9. Litigation Proceeds Received 0 10. Spousal Poverty Credit (date of death between o 11.Election to tax under Sec. 9113(A) (Attach Sch 0) 12-31-91 and 1-1:1151 THIS SECTION MUST BE COMPLETElJ. ALL CURRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: . AME COMPLE1E MAILING ADDRESS w.... Mark F Bayley ~ffi IRM NAME (If applicable) 0::0 155 S. Hanover St. OZ Rominger & Bayley Law Offices o~ Carlisle, P A ] 70 13 ELEPHONE NUMBER 7] 7/241-6070 1. Real Estate (Schedule A) 2. Stocks and Bonds (Schedule B) 3. Closely Held Corporation, Partnership or Sole-Proprietorship Z o i= :3 :J .... Ii: -< o W 0:: 4. Mortgages & Notes Receivable (Schedule D) 5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) 6. Jointly Owned Property (Schedule F) o Separate Billing Requested 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (Schedule G or L) 8. Total Gross Assets (total Lines 1-7) 9. Funeral Expenses & Administrative Costs (Schedule H) 10. Debts of Decedent. Mortgage Liabilities, & Liens (Schedule I) 11. Total Deductions (total Lines 9 & 10) (1 ) (2) (3) (4) (5) (6) (7) ] 18,000.00 -----.-. 146,280.68 None None 16,860.44 2,267.53 r----~::-:-.--;-;:-="';":T- '. \,,-, .. ,'" .' 1 ~'.!- ' . -,. ,/ ~ . ", .,_ .'_.__. +,. 0- I I l.. 12. Net Value of Estate (Line 8 minus Line 11) None (9) (10) 24,472.35 -----.-.-.--.. 5,578.19 (8) 283,408.65 13. Charitable and Governmental Bequests/See 9113 Trusts for which an election to tax has not been made (Schedule J) 14. Net Value Subject to Tax (Line 12 minus Line 13) (11) 30,050.54 (12) 253,358.11 ----...--. (13) 2,000.00 (14) 251,358.11 (15) (16) 11,3] 1.11 SEE INSTRUCTIONS ON REVERSE SIDE FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate, or transfers under Sec. 9116(a)(1.2) Z o i= ~ :J 0.. :!: o o >< -< .... 16.Amount of Line 14 taxable at lineal rate 17. Amount of Line 14 taxable at sibling rate 18. Amount of Line 14 taxable at collateral rate x .00 25],358.] 1 x .045 x .12 x .15 19. Tax Due CHECK HERE IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT. (17) i 20. 0 (18) (19) 1 ],311.1] -------------.----.-- >> BE SURE TO ANSWER ALL QUESTIONS ON REVERSE SIDE AND RECHECK MATH<< Form REV-1500 EX (Rev. 6-00) Copyright 2000 form software only The Lackner Group, Inc. ExH/G/T "A il Decedent's Complete Address: STREET ADDRESS 126 N. 33rd St. CIn" Camp Hill ISTATE PA IZIP 17011 Tax Payments and Credits: 1. Tax Due (Page 1 Line 19) 2. CreditslPayments A. Spousal Poverty Credit 8. Prior Payments C. Discount (1) ____ 11,311.11 10,745.55 565.56 Total Credits (A + 8 + C) (2) 11,311.11 3. Interest/Penalty if applicable D. Interest E. Penalty 0.00 T otallnterestlPenalty (D + E) (3) 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. (4) Check box on Page 1 Line 20 to request a refund 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5) A. Enter the interest on the tax due. (5A) 8. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (58) Make Check Payable to: REGISTER OF WILLS, AGENT 0.00 0.00 0.00 PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: Yes No a. retain the use or income of the property transferred;..................................................................................... D i ~: ~::::~ ~~e:~i~~:~si~t:~~:;:~.~.~.~.I~ .~~~.~~~ .~~~~~~.~~~.~.~~~~~.~~.~~~. .i.~.~.~~~~ ::::::::::::::::::::::: :::: :::::::: ::: ::: 1=1 d. receive the promise for life of either payments, benefits or care?.................................................................. tj 2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without receiving adequate consideration?............ .......... ........ ...... .................. ...... ...... ............. ..... ...... ..... ........... ............... D ~ 3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death?............... D ~ 4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which contains a beneficiary designation?....................................................................................................................... D ~ IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. Under penalties of pe~ury. I declare that I have e>amined this retum, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct and complete. Declaration of preparer other than the personal representaliYB is based on all information of which preparer has ~nowledge. SIGNATURE OF PERSON RESPONSIBLE FOR FILING RETURN ADDRESS DAlE 506 Sp.rincllOuse Rd. Camp Hilr, P A 170 II /S ADDRESS F PREPAREff01HER lHAN REPRESENTATIVE ADDRESS Me.t\( r. f!~y/~y i ~S <tv~/' ~ DAlE <?,,.Z-O~ For dates of death on or after July 1, 1994 and before January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 3% [72 P.S. ~9116 (a) (1.1) (i)]. F or dates of death on or after January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 0% [72 P.S. ~9116 (a) (1.1) (Ii)]. The statute does not exemDt a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assets and filing a tax return are still applicable even if the surviving spouse is the only beneficiary. For dates of death on or after July 1, 2000: The tax rate imposed on the net value of transfers from a deceased child twenty-one years of age or younger at death to or for the use of a natural parent, an adoptive parent, or a stepparent of the child is 0% [72 P .5. ~9116 (a) (1.2)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is 4.5%, except as noted in 72 P .5. ~9116 1.2) [72 P.S. ~9116 (a) (1)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is 12% [72 P.S. ~9116 (a) (1.3)]. A sibling is defined, under Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption. ~ SCHEDULE A I ~ REAL ESTATE I COMMONWEALTH OF PENNSYLVANIA 1 1 INHERITANCE TAX RETURN RESIDENT DECEDENT EST A'TE.-()"Fc'.----.~c_~::-=.-====--':=,::.,-.,::::::-,=:::::c:::===.:.::'=-===.=-::::=::::::,,::::==:::-::c===,:::.:::,::==,::::::=:c::=..1 ~IL~-;U;~.~:~=:::=-:::==:::::c=== ____.~_..._ Me~er, Clara Rebecca 21 _ 02 _ 0424 All real property owned solely or as a tenant In common must be reported at fair market value. Fair market value is defined as the price at which property would be excf1anged between a willing buyer and a willing seller, neither being compelled to buy or sell, both having reasonable knowledge of the relevant facts, Real property which Is jolntly-owned with r1ghf of survivorship must be disclosed on schedule F. ITEM NUMBER 1 126 N. 33rd St. Camp HilI, Pennsylvania DESCRIPTION VALUE AT DATE OF DEATH 118,000.00 -.-----.-- ~----_. TOTAL (Also enteron Line 1, Recapitulation) 118,000.00 I _._L..........._. SCHEDULE B STOCKS & BONDS I m__J . CO....ONWEAL TH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF . Medler, Clara Rebecca I FILE NUMBER 21 - 02 - 0424 All property jointly-owned with right of survivorship must be disclosed on Schedule F. ITEM DESCRIPTION UNIT VALUE VALUE AT DATE NUMBER OF DEATH Excelsior Value and Rest 31.75 9,362.06 Invesco Dynamics Fund 14.63 1,764.47 Janice Growth and Income Fund 29.45 17,347.35 Schwab Value Advantage 1.00 71,404,85 Sound Shore Fund, Inc. 31.16 9,080.06 Amcent: Income and Growth 26.95 5,542,81 Ameristock Fund 40.650 18,944.28 Dreyfus Disciplined Stoc 30.81 12,834.80 --- TOTAL (Also enter on line 2, Recapitulation) 146,280.68 I .taL. I SCHEDULE E ~ I CASH, BANK DEPOSITS, & MISC. I COMlIONWEALTHOFPENN8YLVANlA I' PERSONAL PROPERTY I INHERITANCE TAX RETURN I ___...__....~.~.E~~E~.OEC~OENT --=--...::-~.::...::.:.:::.._-::-===.,..,=.=_:=:==-:..=-=-::,:.=.~:.=_=_=-=::..J __. _. .___. ..,..-=..-=.:==:=.:::==-== ~STA ~~~:.~eil~r, Clara Rebecca . _ I FILE ~~~:2E~0424 Include the proceeds of litigation and the date the proceeds were received by the estate. All property jointly-owned with the right of survivorship must be disclosed on schedule F. ---- --.----.--- ITEM NUMBER I Personal Property DESCRIPTION VALUE AT DATE OF DEATH 3,525.00 2 Schwab Money Market Fund 13,335.44 TOTAL (Also enter on Line 5, Recapitulation) t 6,860.44 SCHEDULE F COMMONWEALlH OF PENNSYLVANIA JOINTLY OWNED PROPERTY INHERITANCE TAX RElURN, - . .____._._R.E.S"2E.~~.D~gDE~___...ml.._.._....___.. ._______..__.__.. *' I I i i _______1 'I FILE NUMBER 21 - 02 - 0424 -~------------_._~------------~----,----- --..-----.- ESTATE OF Meiller, Clara Rebecca If an asset was made joint within one year of the decedent's date of death, It must be reported on schedule G. SURVIVING JOINT TENANT(S) NAME ADDRESS 506 Springhouse Rd. Camp Hill, PA 17011 RELATIONSHIP TO DECEDENT A Linda Milano Child JOINTLY OWNED PROPERTY: l-L~~~;;T DATE T . DESCRIPTION OF PROPERTY I % OF II DATE OF DEATH ITEM ,FOR JOINT: MADE 1~~;lude name of financial institution and bank account number orl DATE OF DEATH DECD'S VALUE OF NUMBER ~_T"NANT JOINT .Im;'" "..II".,. 'ombe<. A_ ..... '" j",lIy-h.1d ..., .......1 VALUE OF ASSET INTEREST DECEDENT'S ""REST ! A Unknown AlIfirst,CheckingAccount#002886271-6 4,535.071 50% 2,267.53 i (approx. 10 I I yean ago) I I I I i I I I TOTAL (Also enter on line 6, Recapitulation) 2,267.53 . I I I i __.__n____.____ ~ ..J_.____._.._.._ ______ - .._._.._-----_._---,-~.~..-_._-- SCHEDULE H I FUNERAL EXPENSES & l ADMINISTRATIVE COSTS . ---.-...--...---------------...---.---------.-.--.--. ------------------- .. --..-..........-...-..--...-----...........-.-.------.. I FILE NUMBER ----.- 21 - 02 - 0424 'm_.._ .--.- ---------- COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF . Melller, Clara Rebecca Debts of decedent must be reported on Schedule I. ------. I .-.--- ITEM DESCRIPTION AMOUNT NUMBER A. FUNERAL EXPENSES: I Neill Funeral Home, Inc. 2,417.76 2 Grave monuments 1,025.00 3 Hilton (Post-service reception) 391.14 B. ADMINISTRA TIVE COSTS: 1. Personal Representative's Commissions Social Security Number(s) / EIN Number of Personal Representative(s): Street Address City State Zip - Year(s) Commission paid 2. Attorney's Fees Rominger & Bayley Law Offices -- Mark F Bayley 8,989,61 3. Family Exemption: (If decedent's address is not the same as claimant's. attach explanation) Claimant Street Address City State Zip Relationship of Claimant to Decedent 4. Probate Fees 5. Accountant's Fees 6. Tax Return Preparer's Fees 7. Other Administrative Costs I Real Estate Utilities 613.78 2 Real Estate Taxes 482.71 Total of Continuation Schedule(s) 10,552.35 TOTAL (Also enter on line 9, Recapitulation) 24,472.35 '* Schedule H COMMONWEALTH OF PENNSYLVANIA Funeral Expenses & ___.n_____~N~~~E~~~;i ~~~~~___. _n___.._._._._Ad!!!!!:11!!!,!!~ve Costs conti nued - - .-- ESTATE OF . Melller, Clara Rebecca ----.3.r--R~al Estate Yard Work I 4 I Cumberland County Law Journal (advertising) I 5 i Sentinal (advertising) , I FILE NUMBER 21 - 02 - 0424 ------.---..----------.-..-----.-..-....--- ---- 6 Cumberland County Register of Wills 7 Homeowners insurance premium 8 David Velozo (Real estate fix-up) 9 Real Estate Transfer Tax 10 Realtor fee 11 Real Estate Transaction feel notary fee 12 American Home Insurance Premium Page 2 of Schedule H 125,00 75.00 87.35 302.00 187.00 1,000.00 1,180.00 7,080,00 131.00 385.00 SCHEDULE I I DEBTS OF DECEDENT, MORTGAGE : ....~.~~'~.~~~~~_~_~~~.~_~..__...____1____......___.. *' COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT II' FILE NUMBER 21 - 02 - 0424 ----.------- --- . -.--....----.---- ESTATE OF . Medler, Clara Rebecca Include unreimbursed medical expenses. ITEM NUMBER 1 Outlook Point Nursing Home at Creekview DESCRIPTION AMOUNT 4,292.23 2 Martha Addae (Live in care) 875,00 3 Brockie Pharmacy 209.01 4 EMS 112.95 5 Ambulance 89,00 -.-.---- TOTAL (Also enter on Line 10, Recapitulation) 5,578.19 SCHEDULEJ II BENEFICIARIES . .. ...~.____ ....___.__.____.-1-_______.__ ....._._u__..__._~ I FILE N~~_BO~~ 042~---.----- ..--- . COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX REl\JRN RESIDENT DECEDENT . _..-......__.____.___4_________..____._.._.. . ESTATE OF -.. -----.--.--------.----.----..-...--...-...------------.------.--..------ ",. Meiller, Clara Rebecca NUMBER NAME AND ADDRESS OF PERSON{S) RECEIVING PROPERTY RELATIONSHIP TO DECEDENT _...~, I. TAXABLE DISTRIBUTIONS (include outright spousal distributions) 1 Enter dollar amounts for distributions shown abow on lines 15 (hrough 17, as appropriate, on Rev 1500 cover sheet II. NON-TAXABLE DISTRIBUTIONS: A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS Trinity Evangelical Lutheran Church 2 Central Pennsylvania Business School Scholarship Endowment Fund TOTAL OF PART 11- ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET AMOUNT OR SHARE OF ESTATE 1,000.00 1,000,00 2,000.00 c:\wp' 1 \WlllS\Jt1ClllCf.Wll FilE COpy 1JIast mill anb Qreslatttttd OF CLARA R. MEILLER I, CLARA R. MEILLER, of 126 North Thirty-third Street, Camp Hill, Cumberland County, Pennsylvania, being of sound and disposing mind, memory and ~ understanding, do make, publish and declare this as and for my Last Will and Testament, hereby revoking and making void any and all former Wills, Codicils, or writings in the .~ ". .'. nature thereof, by me at any time heretofore made. '- '-,> FIRST: I hereby order and direct my Executor, hereinafter named, to pay . of all my just debts, funeral expenses, testamentary expenses and all Inheritance, Estate, Transfer and Succession Taxes, as soon as may be conveniently done after my death, out of my residuary estate. SECOND: give the sum of One Thousand ($1,000.00) Dollars to TRINITY EVANGELICAL LUTHERAN CHURCH, of Camp Hill, Pennsylvania. THIRD: I give the sum of One Thousand ($1,000.00) Dollars to CENTRAL PENNSYLVANIA BUSINESS SCHOOL SCHOLARSHIP ENDOWMENT FUND. FOURTH: I give all the rest, residue and remainder of my estate of whatever nature and wherever situate to my daughter, LINDA MEILLER MILANO, provided that she survives me by thirty days. c:\wP)1 \WIUS\mCl11~r.WIl FIFTH: In the event that my daughter, LINDA MEILLER MILANO, fails to survive me by thirty days, I hereby give one-half of my estate to my daughter's husband, TODD A. MILANO, and one-half of my estate to my grandchildren, in equal shares, per stirpes. My grandchildren are HALE J. MILANO and HAZEL J. MILANO. I wish any afterborn grandchild to share in this bequest, such that the share of each grandchild shall be equal. SIXTH: I appoint TODD A. MILANO guardian of any property which passes under this Will or otherwise to a minor or an incompetent and with respect to which J am authorized to appoint a guardian, and have not otherwise specifically done so. Such guardian shall have the power to use principal as well as income from time to time for the minor's education and support or to make payment for those purposes without further responsibility to the minor or to any person taking care of the minor. The said guardianship shall terminate as to each beneficiary when he or she reaches the age of 21 years, if a minor, or when declared competent, if an incompetent. LASTLY: I nominate, constitute and appoint my daughter, LINDA M~ILLER MILANO, to be the Executrix of this my Last Will and Testament. In the event that my said daughter, shall be unable to serve as Executrix for any reason, I appoint my daughter's husband, TODD A MILANO, as Executor. No Executor or Executrix shall be required to file bond in this or any other jurisdiction. 2 c:\wp51 \wiUs\meiller .wi! IN WITNE~S WHEREOF, I have hereunto set my hand and seal this 1 C,. t-h /\ 0<) day of .. :jo..\\ I 0.. (J . 1998. fiLE COpy . e. /.,p . , H, /,'- c. ~" -In 1 t '- it ' Clara Rebecca Meiller SIGNED, SEALED, PUBLISHED and DECLARED in the presence of: . -) 11' I ~ . ~ '. of .. ~.~ r ..--. C\A, V t /'\ \/ IIt.J...L: .r.-)I' Li" 3 . c: \Wp..:Jl \W1US\D1CI1ICr.wu COMMONWEALTH OF PENNSYLVANIA ss COUNTY OF CUMBERLAND I, CLARA REBECCA MEILLER, Testatrix, whose name is signed to the attached or foregoing instr,ument, having been duly qualified according to law, do hereby acknowledge that I signed and executed the instrument as my Last Will; that I signed it willingly; and that I signed it as my free and voluntary act for the purposes therein expressed. Sworn or affirmed to andtRnowledged be r~ me, by CLARA REBECCA MEILLER, the Testatrix, this -;l C\ day of ;'.~ (t l L l l( \. ( , 1998. .. j'. tJ I-{-r .u..... d, .l....If.... -;; l i / { {(L. Clara Rebecca Meiller, Testatrix NOT AAlAL SEAL 'u J BURKHOLOER. N.,t9ry Pullllc I TEAE~ . de'.'" "'6- Carlisle. Cumbenan .."~('!:" . . ; t.Ity ccm:-:.i~?:~~?::?,~~~:_ ~ ...~ _0"" .-. . .---- 4 - C:\WP~ 1 \WUlS\111C1l1Cr.WU COMMONWEALTH OF PENNSYLVANIA ss COUNTY OF CUMBERLAND We, 0I4-r/1t:3 :n. PCCLvc7C_ and ,-;nc7!.LC/I)[ /'f/iliflFriM the witnesses whose names are signed to the attached or foregoing instrument, being duly qualified according to law, do depose and say that we were present and saw Testatrix sign and execute the instrument as her Last Will; that CLARA REBECCA MEILLER signed willingly and that she executed it as her free and voluntary act for the purposes therein expressed; that each of us in the hearing and sight of the Testatrix signed the Will as witnesses; and that to the best of our knowledge the Testatrix was at that time 18 or more years of age, of sound mind and under no constraint or undue influence, Sworn or affirmed to and subscribed to before me by.....J/417tcS). {eblul Ie.. and '-/11 f::::-7!.../L,.It /71/1-,!Ht:-('L/\ this .::J 0 f:J......day of . _ , -..- .' .t... r I...~~\ !' q \ I I ('. \( .) :r:r'Lfot ?::"7A .- f 'II ~_l "v1 . "._' . '-l.' I;.... " r!. Witness ' .~ " . ~ l;/ - _ ,-/J c-~:-::f!t~'-')- U~J . otary pU61Tc NOTARIAL SEAL TERESA J. BURKHOLDER. Notary Public Carlisle, Cumberland County, PA . ..~~ .c.~.~~~~:~.~.~~~<<;~~~.~!~~~~~., 5 STATUS REPORT UNDER RULE 6.12 Name of Decedent: C \<Af"" Re~ lIYe',\ \e( i-\4-D7 7_t -t>L -6~ Vy rJl< Date of Death: Will No.: Admin. No.: Z I - 0 -Z - 6"-12 Y Pursuant to Rule 6.12 of the Supreme Court Orphans' Court Rules, I report the following with respect to completion of the administration ofthe above-captioned estate: 1. State ~er administration of the estate is complete: Yes XI No 0 2. If the answer is No, state when the personal representative reasonably believes that the administration will be complete: 3. If the answer to No.1 is Yes, state the following: a. Did the personal r~esentative file a final account with the Court? Yes _ No ~ b. The separate Orphans' Court No. (if any) for the personal representative's account is: c. ?i~ the personallS';esentative state an account informally to the parties In Interest? Yes M No 0 . c. Copies of receipts, releases, joinders and approval of formal or informal accounts may be filed with the Clerk of the. Orphans' Court and may be attached to this report. (( Date: s-20~o~ -1/VlJ :> Signature \Mcr lL ~, (Se. 'f ~ i 0 sq- N / I ame . t:;~:) ISS S. t -kIA-over S+. ~\ 11 S 1~ Address ~A- \ --, (>1 3> \7 II) 2.\-\\ (",07 () elephone No. \) i ,~,~ c'qUln8 tlZ: Z d L - ~d\j va. Capacity: 0 Personal Representative ~ Counsel for personal representative STATUS REPORT UNDER RULE 6.12 Name of Decedent: C\ QrC\ Me\ \ \ ~r- Date of Death:_t\pv-\'\ \L11 ?(1)7 Will NO.~n(\~, Admin. NO~ ~(). 2J-Ol-QL-/ZL-1 Pursuant to Rule 6.12 of the Supreme Court Orphans' Court Rules, I report the following with respect to completion of the administration of the above-captioned estate: 1. State yhether administration of the estate is complete: Yes-+- No 2. If the answer is No, state when the personal representative reasonably believes that the administration will be complete: 3. If the answer to No.1 is Yes, state the following: a. Did the personal representative file a final account with the Court? Yes NO~. b. The separate Orphans' Court No. (if any) for the personal representative's account is: c. Did the personal representative state an account informally to the parties in interest? Yes~ No d. Copies of receipts, releases, joinders and approvals of formal or informal accounts may be filed with the Cerk of the Orphans' Court and may be attache to this report. Date:&t~"a'-~ -} ('(Y1X- K r- B1<hl \-e~ Name (Please type pri t) \2~~LAW\ \1-C\(lC)Vfy- st A cress tl \-1 L Lit-IOOlf) Tel. No. ~- (',.J (MAH:rmf/AM3) Capacity: Personal Representative ~counsel for personal representative