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Mr. Jonathan Lowell November 25, 2015 Page 2 Either of those outcomes would be compatible with the donor's wishes as expressed in her will. Probate Status and Timing It has taken longer than hoped for the Conservators of Jean Jones to get their final accounting and court release. I will share that Conservator's Final Accounting when it becomes available, but cannot commence closing the Estate until that court procedure is complete. The Conservators, Laurie Riddle and Heidi Bailey, are the neighbors and friends who heroically saved Jean Jones and her assets from an unscrupulous police officer. The police officer had Jean Jones sign a will or trust leaving her house to him, while fraudulently telling Jean the document left her house for historic preservation. The District Attorney's office caught up with those shenanigans, appointed Laurie Riddle and Heidi Bailey as Conservators, and successfully prosecuted the police officer for his actions. The judgment against the police officer, Matthew Messier, required payment of $29,759.62 in restitution, and, after serving his jail sentence, we have just received the first $100 restitution check from the District Attorney's restitution fund. As part of California probate procedure, a date of death and date of estate closure accounting, prepared by a CPA, will need to be submitted to and approved by the court. We have retained Michelle Smith, CPA, Fiduciary Support Services, 437 Apple Hill Drive, Brentwood, CA 94513, (925) 207-9263, smithcourtacctq c( gmail.com, to handle that part of the process for the Estate. Elizabeth E. Trutner, Trutner Law Offices, 2109 Fourth Street, Livermore, CA 94550, (925) 447-1222, etrutnerC trutnerlaw.com is our probate counsel. Based on the time required for study of the historic home at 309 Neal Street and subsequent City review of its options, we do not expect that property to be sold (or transferred to the City) until approximately March 2016, and Estate closure to occur about three months thereafter. 1. Financial Assets The California Probate Referee (appointed by the County, I believe) valued the home "as is" to be worth $1,000,000 (Attachment 2). An informal appraisal by a knowledgeable realtor came to the same valuation, but the market would determine the final value. Many people have expressed interest in buying 309 Neal Street, we are keeping a list, and if the City authorizes private sale, all interested parties will be given an equal opportunity to purchase (Marketing plan discussed below). In the meantime, I have been consolidating all the Estate's financial and liquid assets into cash, and depositing them in a single checking account at Bank of America in the