Sent: Tuesday, February 24, 2015 10:23:28 AM
Subject: OSPP Trust
Great talking this morning and we are glad you will assist in this matter.
Again, we have negotiated for the purchase of 31 acres, known as 775 Riding School Road, from Heather Loeber of NJ. She will be providing her seller-attorney info upon negotiation and MLS conclusion; we will present you. We are interested in a smooth transfer of a clean title and confirmed survey (Blake) and enrollment into Vermonts' Current-use program. Some compiled documents are attached.
Blake is our surveyor (802) 685.3067
Paul Harwood, forester (802) 356.3079
I am Steve: 131 South Main Ave Albany NY 12208 (518) 424.4324
? Our previous purchase was 'annexed' to the original; what are the (dis)advantages with regards to closing, taxation, or current-use planning?
Thanks for handling this, please call with any questions. Regards, S.
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Sent: Thursday, March 5, 2015 4:38:19 PM
Subject: OSPP Trustees
Hi Charlene,
Herein is a list of the OSPP Trustees, I thought it relevant:
-Jean Ricksecker (+)
-Peter Lawrence
-Ann Ricksecker (+)
-Cleve Ricksecker
-Steve Lawrence
(+) = matriarchs
Our official contact and mailing address is:
c/o Ann Ricksecker
6135 Wayne Ave
Philadelphia, PA 19144-6118
-or-
I can receive & route any questions & bills at the address listed below.
Regards, S.
====================
Sent: Sunday, April 5, 2015 7:24:07 AM
Subject: Responses to Loeber sales agreement
Hi Charlene;
The sales agreement appears standard with the correct values, the comments are as follows:
-the OSPP Trust is located in Vershire, our mailing address is Philadelphia (trust-origination document attached);
-Is the closing date realistic considering the survey/title & postal lag-times?
-the question of annexing to the existing property remains;
-we can return a signed copy, with deposit, promptly upon clarification and correction.
Also, considering the logistics and distances, would it be reasonable to calculate the grand total; sale price, transfer tax and prorata taxes (on, say 4/30) so the funds and authorizations are delivered to your office? The likelihood of a trustee attending the closing is slim; our interest is in a smooth, equitable, timely and managed closing.
Please advise. Regards, S.
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Date: Mon, April 06, 2015 3:22 pm
To: Steve Lawrence <steve@rerem.com>
I agree with your concerns.
-Is the Philadelphia address the same as the address for M. Ann Ricksecker?
-Originally, I spoke with Blake Thomsen about this transaction. I remember that he was to verify the boundaries. Should that be a condition of the sale? I would prefer a date of June 1, 2015. The best thing would be for you to wire funds into my clients trust account; when we get near the closing, I can give you a firm figure and wiring instructions.
Let me know about this.
I have the Declaration of Trust. Did a lawyer prepare this for you?
I am not certain how to respond to the questions of annexation of the property. The property you own and the property you are purchasing are contiguous. After you won both properties, the town will assess them as one parcel even if you do nothing to "combine" the parcels. If you are in Land Use, the Forest Plan can cover both parcels. However, even if that happens, you will still own two separate parcels which were conveyed in and can be conveyed out as separate parcels. I do not see a reason to do anything more, unless there is something I do not know.
If talking would be easier than email, we can do that. Thanks.
=====================
Date: Mon, April 06, 2015 6:16 pm
To: charlenebohl@comcast.net
Hi Charlene; yes, you may contact me anytime at the below referenced phone #! Here is a brief response to your questions:
1)The OSPP Trust physical address is 585 Riding School Rd, our mailing address is same as M. Ann Ricksecker;
2)Our intent and correspondence has always included the need for confirmatory survey and title insurance, especially as provided survey mentions discrepancy. My personal and selfish closing date preference is mid-may, but only if title and survey are complete and satisfactory;
3)The trust document was prepared by Jim Martino, Atty of SoRo with assistance/guidance/oversight of the late Robert Ricksecker, Atty and my grandfather;
4)Annexing would allow for one tax bill and 'current-use' management plan(?).
Blake is expecting the call, you are doing the title insurance, we are awaiting $#'s and ready to roll.....We welcome input on the trust document, too.
S.
========================
Date: 4/7/15, Bohl to Loeber lawyer
Dear Jeff and Mary-Ann,
The sales agreement is acceptable with the following changes:
1. The mailing address of the trust is c/o Ricksecker, 6135 Wayne Avenue, Philadelphia, PA 19144.
2. The Buyer would like the following conditions: subject to a confirmatory survey and a satisfactory establishment of the boundaries, and subject to the Buyers receiving owners title insurance, at the Buyer's expense. Blake Thomsen is already on board to do the survey work.
3. Closing by May 15, 2015.
Thanks.
==========================
Date: Tue, Apr 07, 2015 8:05 am
To: Steve Lawrence <steve@rerem.com>
The so-called "annexation" will be done by the town after the transfer. Unfortunately, the tax year beginning April 1, and since we are unable to close by April 1, 2015, it won't happen until 2015.
===========================
Date: Tue, Apr 07, 2015 12:02 pm
To: Steve Lawrence <steve@rerem.com>
I have the names of the trustees. Do you have an EIN?
Thanks
===========================
Date: Wed, Apr 08, 2015 10:53 am
To: charlenebohl@comcast.net
It appears the 'EIN' used previously is the SS# of our current trustee, M. Jean Ricksecker. As future trustee it would transfer to mine? As this is a beneficiary-funded endeavor is it relevant? Our only potential income is from stumpage-fees derived from our current-use management plan and prescribed thinning.....
I would like to discuss further and/or continue using the Trustee SS#.
===========================
Date: Wed, Apr 08, 2015 3:59 pm
To: "Stephen Lawrence" <steve@rerem.com>, "ann ricksecker" <aricksecker@healthfederation.org>, "peter lawrence" <peterhlawrence@mac.com>, "Cleve Ricksecker" <jcricksecker@sidservices.com>
I just completed a long and winding conversation with our Attorney Charlene, she knows Martino but hasn't seen him in ages...She is confusing and indirect; she created more homework rather than providing answers and solutions. Here is the gist:
1) nothing begins until the agreement is signed and deposit received;
-mark-up and initial problem area (of Philadelphia);
-return to Jeffery Taylor(32 Bank St #23, Bradford 05033);
-note 'client trust account' and Loeber deposit on check;
-we should also reference the property address (775 RSR)
-sooner is better.
2) upon receipt, research for title insurance begins;
-Blake has already been authorized to proceed.
3) the EIN is recommended for identification of the 'trust', rather than trustees' SS#;
-it provides through-time continuity;
-useful if the trust gains income and owes taxes, IE. logging;
-available promptly online;
-SS# could be used in closing, EIN recommended.
4) she feels the Trust.doc lacks info, definitions and substantive mechanisms;
- laws of which state? location, blah, blah..
5) closing can be conducted remotely and will get us those $#'s and specifics.....
The bottom line: mark it, sign it and FedEx a check, she will commence. This is what i know. Please mull, discuss and inform. S.
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