86-28 VACATING PORTION OF RIGHT-OF-WAY - LINCOLN SQUARE

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Re: Sidewalk Vacation 100 Block South Main Street Decatur, Illinois (legal description continued) distance of 20.5 feet; thence northerl alon a strai ht Y g g line parallel to the east line of Lot 4, a distance of 21.54 feet; thence westerly along a straight line parallel to the north line of Lot 3, a distance of 11.17 feet; thence northerly along a straight line parallel to the east line of Lot 4, a distance of 58.26 feet; thence westerly along a straight line a distance of 9.33 feet to the Northeast cor- ner of said Lot 4; thence southerly along the east line of Lot 4 a distance of 79.8 feet more or less to the point of beginning, containing 985 square feet more or less. We are advised that the purpose of the vacation is to permit a 2nd floor overhang of a proposed building over the vacated area including columns to support the overhang. Our physical inspection of the area in question reveals that it is currently being used as either sidewalk and or parking area as indicated on the enclosed plat identified as demolition site plan. Currently there are eight city parking spaces as identified on the above mentioned plan and the second enclosed plan reflects what is proposed. This proposal will reduce the number of city parking spaces at this specific location from eight to six. This situation is best identified on the third plan which is en- closed and identified as revised site parking plan which re- flects the loss of 2 city parking spaces. Apparently, the re- vised plan would permit the owners of the plaza to gain a total of 5 parking spaces on their own land. Since the city will lose 2 parking spaces a logical trade off for this aspect of the pro- blem, if it is agreeable with all parties, would be for you to give the city two parking spaces facing S. Main Street immediate- ly south of the property line dividing your property and the city parking lot. In such event provision would have to be made for ingress and egress to the 2 parking sites. Even though we are not appraising for market value but rather for the benefits that will accrue the appraiser feels that it is de- sirable to look at the market place to see what land values re- flect. Among the sales reviewed were the following all located within two blocks of subject.