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� <br /> , , <br /> ECONOMIC AND URBAN DEVELOPMENT MEMORANDUM <br /> Memo No. 06-96 <br /> May 10, 2006 <br /> TO: Honorable Mayor Paul Osborne and City Council Members <br /> FROM: Steve Garma ity Manager <br /> Dane C. Bra , AICP, Assistant City Manager� <br /> Kathy J. Miller, AICP, Senior Planner �`„� <br /> SUBJECT: Sale of Land Adjacent to 134-136 South Main Street <br /> SUMMARY RECOMMENDATION: Staff recommends approval of the sale of the four(4) foot <br /> by sixty-five (65) foot strip of land adjacent to 136 South Main Street. <br /> BACKGROUND: It was recently discovered that the property located at 134-136 South Main <br /> Street encroaches onto the property owned by the City of Decatur. Currently the building's <br /> parking lot and retaining wall is located four feet on the city's property. The owner wishes to <br /> cure the encroachment by purchasing the four (4) foot by sixty-five (65) foot strip of land. This <br /> sale was not advertised according to City Council Policy as the property is landlocked and has no <br /> value but to the city or to the adjoining property owner. The sale will correct a long-standing <br /> encroachment and return the property to taxable status. <br /> POTENTIAL OBJECTIONS: There are no known objectors to the sale of the land. <br /> INPUT FROM OTHER SOURCES: Economic and Urban Development, Engineering and <br /> Infrastructure, Fire and Water have reviewed the proposal and have no objections to the sale of <br /> the land. <br /> STAFF REFERENCES: If Council members have questions they may contact Kathy Miller at <br /> 424-2786 or at kjmiller@decaturnet.org. <br /> BUDGET/TIME IMPLICATIONS: An appraisal for the area to be sold was submitted with an <br /> estimated market value of$1200. The Faries Wire Trust will pay the City$1200 for the property <br /> to be sold. <br />