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� t <br /> COMMUNITY DEVELOPMENT MEMORANDUM <br /> NO. 187 <br /> November 13, 1996 <br /> TO: Honorable Mayor Terry M. Howley and <br /> City Council Members <br /> FROM: James L. Williams, Jr., City Manager <br /> George C. Weaver, Community Development Director , <br /> Robert A. McQueen, Senior Planner �1 <br /> SUBJECT: Street and Alley Vacation, 1000 East Olive Street <br /> A valid petition has been received from Decatur Foundry, Inc., to vacate that portion of East <br /> Olive Street extending immediately west of Illinois Street, and to also vacate portions of e�cisting ' <br /> alleys extending north and south from said street. The petitioner owns all property adjoining the '� <br /> street and alleys requested for vacation; these public ways do not appear necessary to serve the I <br /> general public, and staff is of the opinion that the best interests of the City of Decatur would be ' <br /> served by vacating the same. A perpetual easement would be retained to operate and maintain <br /> existing utility lines located within the subject areas. <br /> In accordance with applicable City policy, two appraisals were obtained to establish fair market <br /> value and compensation to the City of Decatur for the land in question. The average of these <br /> appraisals resulted in a value of$3475.00. <br /> Staff recommends approval of the proposed street and alley vacation as presented. <br />