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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link="#0563C1" vlink="#954F72"><div class=WordSection1><p class=MsoNormal><span style='font-size:14.0pt;color:#1F497D'>Robert,<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:14.0pt;color:#1F497D'>I have worked on that particular issue several times. Feel free to call. <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:14.0pt;color:#1F497D'><o:p> </o:p></span></p><div><table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 style='border-collapse:collapse'><tr style='height:53.5pt'><td width=172 valign=top style='width:86.0pt;padding:0in 5.75pt 0in 0in;height:53.5pt'><p class=MsoNormal><span style='color:#1F497D'><img width=105 height=54 id="Picture_x0020_1" src="cid:image001.jpg@01D2E5E7.05C30A40" alt=ibdr2><o:p></o:p></span></p></td><td width=676 valign=top style='width:337.75pt;padding:0in 5.75pt 0in 0in;height:53.5pt'><p class=MsoNormal><b><span style='font-size:10.0pt;color:black'>Kinnon W. Williams </span></b><span style='font-size:10.0pt;color:black'>| Shareholder<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:9.0pt;color:black'>Skyline Tower, Suite 1500 | 10900 NE 4<sup>th</sup> Street | Bellevue, WA 98004<o:p></o:p></span></p><p class=MsoNormal style='margin-left:-4.15pt'><span style='font-size:9.0pt;color:black'>P: 425.450.4225 | F: 425.635.7720<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:9.0pt;color:#1F497D'><a href="http://www.insleebest.com/uploads/vcards/kwilliams.vcf"><span style='color:blue'>vCard</span></a> | </span><span style='color:#1F497D'><a href="http://www.insleebest.com/"><span style='font-size:9.0pt;color:blue'>website</span></a></span><span style='font-size:9.0pt;color:#1F497D'> | </span><u><span style='font-size:9.0pt;color:blue'><a href="mailto:kwilliams@insleebest.com"><span style='color:blue'>kwilliams@insleebest.com</span></a></span></u><span style='color:#1F497D'><o:p></o:p></span></p></td></tr></table><p class=MsoNormal><span style='font-size:10.0pt;color:black'>This electronic mail transmission is privileged and confidential and is intended only for the review of the party to whom it is addressed. If you have received this transmission in error, please immediately return it to the sender. Unintended transmission shall not constitute waiver of the attorney-client or any other privilege.</span><span style='font-size:10.0pt;color:black'><o:p></o:p></span></p><p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p></div><p class=MsoNormal><span style='font-size:14.0pt;color:#1F497D'><o:p> </o:p></span></p><div><div style='border:none;border-top:solid #E1E1E1 1.0pt;padding:3.0pt 0in 0in 0in'><p class=MsoNormal><b>From:</b> wsbarp-bounces@lists.wsbarppt.com [mailto:wsbarp-bounces@lists.wsbarppt.com] <b>On Behalf Of </b>Robert S Schuck<br><b>Sent:</b> Thursday, June 15, 2017 2:40 PM<br><b>To:</b> wsbarp@lists.wsbarppt.com<br><b>Subject:</b> [WSBARP] Question on Transfer of Development Rights<o:p></o:p></p></div></div><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>I have a question on determining basis on the sale of development rights—has anyone have experience with an appraiser that can determine the value of development rights when separated from the property. The property has low basis because it was acquired years ago. <o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-size:10.0pt;font-family:"Arial",sans-serif'>Robert S. Schuck<br>Kennedy,Schuck & Miller, PLLC<br>1520 140th NE, Suite 200<br>Bellevue, WA 98005<br>(425)451-3760 (telephone)<br>(425)451-3878 (facsimile)<br><a href="mailto:rsschuck@ksmlawfirm.com"><span style='color:blue'>rsschuck@ksmlawfirm.com</span></a> <o:p></o:p></span></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-size:10.0pt;font-family:"Arial",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><i><span style='font-size:10.0pt'>This correspondence is covered by the Electronic Communications Privacy Act, 18 U.S.C. 2510-2521, and may contain confidential information protected by Attorney-Client privilege. If you are not a person for whom this message was intended, please delete it from your system immediately, refrain from copying or forwarding any part of the message, and kindly notify me at (425) 451-3760 or at </span></i><a href="mailto:rsschuck@qwest0ffice.net" title="blocked::mailto:rsschuck@kshmlaw.com"><i><span style='color:blue'>rsschuck@ksmlawfirm.com</span></i></a><i><span style='font-size:10.0pt'> Thank you.</span></i><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><i><span style='font-size:12.0pt;font-family:"Times New Roman",serif'> </span></i><span style='font-size:12.0pt;font-family:"Times New Roman",serif'><o:p></o:p></span></p><p class=MsoNormal><o:p> </o:p></p></div></body></html>