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. . �e B�oK22�� �'«����U Page 5 <br /> North of Brenneman road. Sale price of $100,520 reflected �13,658 <br /> per acre. . <br /> SALE 3 <br /> � In October, of 1980, Norfolk and Western Railroad sold to ADM a tract <br /> of 78.441 acres for ;705,969 or $9,000 per acre. Located on east <br /> side of N. Brush college Road essentially between Sales 1 and 2 <br /> SALE 4 <br /> In September of 1982,• Long sold to ADM a 76 acre tract east of N. <br /> Brush College Road and south of Brenneman Road for $665,000 reflect- <br /> ing ;8,750 per acre. <br /> SALE 5 <br /> . � <br /> In September of 1986, Maltby sold to Bone a 13.333 acre tract for '� <br /> �55,000 reflecting �4,125 per acre. Located on the west side of <br /> N. Brush College Road opposite the south end of the Richland Junior ' <br /> College site. Sale subject to industrial zoning which was obtained. <br /> SALE 6 <br /> In October of 1981, the Traver Family and Millikin National Bank as <br /> Trustes sold to Richland Junior College a. tract of 117.15 acres lo- <br /> cated at the Northeast corner of N. Brush College Raad and Rheas <br /> Bridge Road for �664,325 or $5,500 per acre. South 2/3's zoned in- <br /> dustrial aad North 1/3 zoned residential. <br /> ' SALE 7 <br /> • Ia November of 1984, the Bowman family sold to ADM a 19.13 acre tract <br /> oa the north side of the 4500 block of E. Faries Parkway for $191,300 <br /> or �10,000 per acre. Ad�oined ADM East plant. <br /> In the way of analyais the above sales ranging in size from, 7.36 acres <br /> • to 117.15 acrea reflected per acre prices from �4,125 to $13,658 per <br /> , acre with 6 of the sales falling within a range from �4,125 to �10,000. <br /> _. Sale Z is considered to be out of the normal pattern as it involved a <br /> railroad access to the ADM plant. . <br /> Excluding Sale 2 we find that the ad�oining land to the proposed va- <br /> catioa area sold within a price range of $8,750 to $9,000 as re- <br /> flected in Sales 3 and 5 and in the opinion of the appraiser they re- <br /> present the. best basis for estimating the value for subject vacation <br /> area. However, these sales took place in 1980 and 1982 and with the <br /> economy which has existed in Decatur in the 1980's we can see a trend <br />