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. 2 <br /> 130U N Monroe St <br /> Decatur, I11 <br /> DEFI NITION OF VALUE <br /> The hi ghest price i n terms of money whi ch a property may bri ng i n <br /> a competitive and c�pen market under all conditions requisite to a <br /> f air sale, the buyer and selle r, each acting prudently, know- <br /> ledgeably and assuming the price is n�t affected by undue stimulus. <br /> Implicit in this definition is the consurr�nation of a sale as of a <br /> specified date and the passing of title from seller to buyer under <br /> conditions whereby: <br /> l . buyer and seller are typically motivated <br /> 2. both parties are well informed or well advised, and each <br /> acting in what he conside rs his own best interest <br /> 3, a reasonable time is allowed for exposure in the open <br /> ma rk et <br /> 4. pay ment is made in cash or its equivalent <br /> 5, fi nanci ng, i f any, i s on terms general ly avai 1 able i n the <br /> community at the specified date and typical for the <br /> property type in its locale <br /> 6, the price represents a normal consideration for the prop- <br /> erty sold unaffected by speci al financi ng amounts and/or <br /> terms, services, fees, costs, or credits incurred in the <br /> t rans act i on <br /> ASSESSED VALUATION ANO TAXES <br /> The property is currently owned by the City of Decatur, therefore <br /> it is not assessed or taxed. <br />