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91-22 AUTHORIZING SALE OF PROPERTY - 614 EAST CANTRELL STREET
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91-22 AUTHORIZING SALE OF PROPERTY - 614 EAST CANTRELL STREET
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8/22/2016 4:40:44 PM
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Resolution/Ordinance
Res Ord Num
91-22
Res Ord Title
AUTHORIZING SALE OF PROPERTY - 614 EAST CANTRELL STREET
Approved Date
2/4/1991
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EXPENSE DATA <br /> Time re uirernents inhibited th <br /> q e appraiser from gathering <br /> actual expense data from the client, therefore, we have <br /> applied a 30� expense to annual fncome ratio. This factor <br /> is representative of a building this size and age in this <br /> location considering that we will be dealing with a normal <br /> net lease. 'rhus: <br /> 10,920 Total Estimate of Annual Income <br /> x 30$ Estimate of Annual Expenses <br /> $ 3,276 Total Estimated Annual Expenses <br /> DECATUR METROPOLITAN AREA <br /> AREA: 578 square miles ; POPULATION: 128, 000 <br /> LABOR FORCE: 58, 175 EMPLOYMENT: 52, 525 <br /> UNEMPLOYMENT RATE: 7. 5� <br /> BUSINESS <br /> RETAIL SALES: $803, 171,000 <br /> MEDIAN HOUSEHOLD EFFECTIVE BUYING INCOME: $27,447 <br /> TOTAL EFFECTIVE BUYING INCOME: $1,722,709,000 <br /> BANK ASSETS: $905, 538, 000 <br /> SAVING5 & LOANS ASSETS: $782, 550, 662 <br /> TRANSPORTATION <br /> - RAIL: 4 5erving the Community <br /> HIGHW�YS: 2 Federal; 3 State; 1 Interstate <br /> MOTOR FREIGHT CARRIER5: 46-44 Interstate; 4 Local Cartage <br /> LOCAL TERMINALS: 16 <br /> AIR: 2 Certificated Airlines: Paved Runway, 6,000 ft. ; <br /> Air Parcel 5Esrvice Daily <br /> _ 4UALITY OF LIFE <br /> AVERAGE COST OF HOU5ING: <br /> Home: $45, fi00 (3rd Quarter 1987j <br /> Apartment: $335 per month (2 bedroom; 2nd quarter 1988) <br />
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