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� � i <br /> � � <br /> 'i; <br /> I <br /> ! DEFINITION OF VALUE <br /> . � <br /> The most probable price in terms of money which a property <br /> may bring in a competitive and open market under all condi- <br /> tions requisite to a fair sale, the buyer and seller, each I <br /> acting prudently, knowledgeably and assuming the price is <br /> not affected by undue stimulus. <br /> Implicit in this definition is the consummation of a sale as <br /> � of a specified date and the passing of title from seller to <br /> buyer under conditions whereby: <br /> , , <br /> 1. buyer and seller are typically motivated <br /> ,' � <br /> �� 2. both parties are we1l informed or well , <br /> � advised, and each acting in what he ! <br /> I <br /> considers his own best interest ' <br /> i3. a reasonable time is allowed for exposure � I <br /> �, in the open market ; <br /> iI ' <br /> 4. payment is made in cash or fts equivalent �i � <br /> ' <br /> 5. financing, if any, is on terms generally ; II <br /> ava�lable �n the community at the speci- ; I <br /> fied date and typical for the property ; <br /> ' type in its locale � <br /> I� � i. <br /> 6. the price represents a normal considera- <br /> tion for the property sold unaffected by <br /> special financing amounts and/or terms, ' <br /> services, fees, costs, or credits in- � <br /> curred in the transaction � <br /> I� <br /> � <br /> � <br /> I� <br /> ASSESSED VALUE AND TAXES I' <br /> � The parcel identification numbers for the property are � <br /> 04-12-14-379-007 and -021 . ' <br /> I. <br /> �; The property is currently owned by the City of Decatur, � <br /> �� therfore, it is not assessed or taxed. <br /> I <br /> � <br /> I; <br /> ZONING i <br /> This property is classified B-2, Commercial, which permits { <br /> retail uses, hotels, apartments, office space, and service I <br /> type businesses. Maximum building height is three stories I� <br /> or 45 ' , setback requirement is 25 ' and there are no minimum �' <br /> rear or side yard requirements . There are no nearby i' <br /> violations of an adverse nature. <br /> ; <br /> � <br /> ' 3 � <br /> ��— � �--- -- � <br /> cZr1rF{c;icc __ ��ri.� nooF7c. .�.���; <br />