87-73 VACATING PORTION OF STREET DIPPER LANE SANITARY DISTRICT OF DECATUR

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. . . Page 3 district will benefit by being able to fence off their property as a security measure. The city since it does not apparently maintain the road will not gain from this standpoint from the vacation. No title evidence was furnished the appraiser but he assuaes that there is an easement for the power line located just East of Che roadway and the vacation would be subject to all easements for electrical lines, sewer, water, gas, etc. Most of the Sanitary District land has been owned for many years but we do have one rather recent sale of nearby land to consider.� Of the sales reviewed Sale �I1 being recent from a time standpoint was afford- ed the greatest weight in estimating a value for subject vacation. SALE 1 In August of 1983, Striglos sold to the Sanitary District a tract of a reported 34.53 acres located just to the Northwest of the North end of subject vacation for �52,000 reflecting $1,505.94 per acre. This was a rectangular 40 acre tract less that part in the Northeast cor- ner North of W. Main Street and also excepted a tract of land located at the Southwest corner of Dipper Lane and W. Main. This tract of land had some higher land from a topographical standpoint along the West side of Dipper Lane, a small lake and a substantial amount of land in the flood plain of Stevens Creek. This site served as a ' "bo.rrow site" and provided a substantial amount of dirt used in the I construction of a levee or dike along the East side of the area to be vacated. On the basis that this land is somewhat representative of much of the Sanitary District Road and can be favorably compared with the land to be vacated the appraiser feels that it is the best indication of a value for the proposed vacated area. Thus, if we apply the $1,505.94 per acre figure to the 1.82472 acre area in the vacated area we ob- tain $2,747.92 which is rounded to $2,750.00. Reflecting on all as- pects of the vacation which have been heretofore set forth subject vacated area of 1.82472 acres is estimated to have a value accruing to the Sanitary District of $2,750.00. Attached to and included as a part of this report are the following: 1. Two photographs of subject vacated area. 2. Plat map showing subject vacated area in green and Sale ��l in red. 3. Plat map showing vacation area as well as nearby streets, Kiwanis Park and corporate limits. 4. Certification.