The complaint alleges appraisers Albert Stricklen of Umatilla, FL and Thomas Riddle of Winter Park, working together, inflated the price of the land, then owned by David L. Brown on Round Lake Road in the Mount Dora, FL vicinity.
The school board paid $500,000 or $16,667 per acre (38 cents per sf). Round Lake Elementary School replaced the aging Roseborough Elementary School in Downtown Mount Dora.
The complaint alleges the appraisers had initially valued the dirt in late 1997 at $540,000 and later amended their appraisal to $510,000. But when the school board negotiated a contract for the land at $500,000, the appraisers changed the value again to match the contract price.
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