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� � . <br /> CONIlVIUNITY DEVELOPMENT MEMORANDUM <br /> NO. 175 <br /> October 2, 1996 <br /> TO: Honorable Mayor Terry M. Howley and <br /> City Council Members <br /> FROM: James L. Williams, Jr., City Manager �,;�.l' <br /> George C. Weaver, Community Development Director,��IPI <br /> Robert A McQueen, Senior Planner�� <br /> SUBJECT: Vacation of 500 block North Witt Street <br /> A valid petition has been received from all property owners adjoining each side of the S00 block <br /> North Witt Street requesting that the same be vacated. The purpose of the request is to allow <br /> new commercial development which would encroach into the e�sting right-of-way. <br /> E�ending north of Eldorado Street one hundred fifty feet and dead ending to an existing <br /> east-west alley, the street in question does not appear to be of value to the general public for <br /> vehicular access, and the best interests of the public would be served by vacating the same. A <br /> perpetual easement would be retained to operate and maintain existing utility lines located within <br /> the area in question. <br /> The petitioners submitted from a qualified appraiser a value of$6500.00 for the subject property. <br /> In accordance with City policy regarding such appraisals over $2000.00, a second appraisal was <br /> obtained by the City of Decatur with a value of$8250.00. Staff recommends that an average <br /> value of$7375.00 be accepted as a fair compensation for the property in question. <br />� Staff recommends a roval of the ro osed street vacation as noted. <br /> PP P P <br />