May 3, 2014

Keith P. Luke
Deputy Director of Development Services
16 Cony Street
Augusta, Maine 04330

RE: 32 COURT STREET, AUGUSTA

Dear Mr. Luke:

I received your letter dated April 17, 2014 on behalf of the City of Augusta and the
State of Maine suggesting a fair market value purchase price of eighty-five thousand
dollars ($85,000) for the acquisition of my revenue-generating property at 32 COURT
STREET with the sole intention of razing my property to build a parking lot for a new court
facility even though the former YMCA lot on the corner of Winthrop and State Streets is
already cleared and ready for purchase and development.

Your letter stipulates the State of Maine will own the new court facility and the City
of Augusta has taken the lead role in negotiating the sale of private property on the States
behalf.

Your letter also states, Our goal is to negotiate the sale of your property both fairly and
equitably.

I have owned 32 COURT STREET for more than 16 years and have always utilized my
private property as a revenue-generating business and I intend to continue using my rental
property as a for-profit business.

32 COURT STREET is an irreplaceable property due to its unique location, its solid
structure, compliance with 2014 codes, quality of care and workmanship, and specialized
and rare licensure in that it provides the potential for other uses for the residents of Augusta
and surrounding communities.

Giving serious consideration for the epidemic of homelessness, it is wholly illogical,
irresponsible and not for the publics benefit to destroy 32 COURT STREET when it would
cause a serious injury to every member of the low income community, notwithstanding the
permanent economic injury caused to me and my current and future tenants.

Simply put, eighty-five thousand dollars ($85,000) does not compensate me for any
of the recent building improvements which are compliant with 2014 codes, fifteen years of
sweat equity I have supplied this property as a professional contractor for which I have not
received just compensation, nor does your offer address any lost future business revenue.

The Limited Restricted Use Appraisal Report specifies an inaccurate total square
footage which must be corrected before any further action can be taken.

The Limited Restricted Use Appraisal Report was presented to me with information
that is now obsolete, specifically, on the date of valuation, October 24, 2013:

1. the building was vacant.
2. the building was being prepared for improvements.
3. the appraisal indicates exterior only inspection.
4. the appraisal indicates the final value estimate is considered to reflect the subjects
current as is condition.
5. the appraisal indicates no consideration was given to any personal property or
business equipment and fixtures currently associated with the business enterprise
occupying the premises.

Many changes have occurred at the property since October 24, 2013 which make your
offer of eighty five thousand dollars ($85,000) grossly inadequate and totally insufficient.

Some of those changes are:

6. 2014 code compliant improvements continue to be made.
7. Units 1 and 2 received certificates of occupancy in February 2014.
8. Units 1 and 2 are now occupied with good tenants.
9. the property is generating consistent long-term business revenue.
10. the property is headquarters for a new non-profit neighborhood association.
11. Units 3 and 4 will be opening in the immediate future.
12. Units 5 and 6 will open upon completion of all improvements.

The factual elements listed above are not all inclusive and are subject to modification.

As you can clearly see, an offer of eighty five thousand dollars ($85,000) does not
represent fair market value for this property and will not be given any consideration by me.

Since I will not be considering or accepting your offer as it is presented, there is no
reason for me to attend the scheduled meeting for May 5
th
at 1pm.

Since my right to constitutional due process has now been invoked by your plan to
acquire my private property, I am requiring the City of Augusta, the State of Maine and all
contractual agents to give me adequate advance written notice of all meetings, hearings,
conferences, work sessions, and any type of negotiations regarding the new court facility and
the fate of 32 COURT STREET.

My final suggestion to the City of Augusta and the State of Maine would be to shift
your focus away from my property at 32 COURT STREET and realign that focus on the old
YMCA lot since taking that vacant and cleared parcel would require negotiations with only
one individual who cannot claim special circumstances, building losses nor any lost revenue.

Please share my response with all those individuals who need to know and advise me
of all future meetings and conversations regarding my property.

Thank you.

Regards,



Gregory Roy, Realtor
207-215-8548