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i : <br /> ' ; _' �. . <br /> Re: Street and A11ey Vacation <br /> Mercer Street between wiiliam and North Street <br /> and Alley to West <br /> Decatur, Illinois <br /> The present market for R-6 land is slow but we find sales ranging from <br /> $.25 per sq. ft. to $.68 per sq. ft. in North Town Village area in- <br /> dicating a proper value of R-b land, in older areas, to be 3pproximately <br /> $.50 per sq. ft. We feel the limited use will tend �o dama,�e the land <br /> 5070. We then have as follows: <br /> Land 24,440 S.F. @ $.50 per �.F. _ $12,220 <br /> Estimated Damages 50'/, 50% _ $ 6,110 <br /> Say $ 6,100 <br /> B2.sed upon our inspection of the subject property and our knowledge <br /> of the real estate market, it is our opinion the fair compensation that <br /> would accrue t� the purchasers from the benefits derived from the de- <br /> scribed vacation would be, as of the date of inspection, namely, <br /> July 21, 1984, $0.25 per S.F. or <br /> Si�: Thousand One Hundred Dollars <br /> ($6,100.00) <br /> We hereby certify that we have no present or conter�plated future inter- <br /> est in the subject property and that the remuneration for this appraisal <br /> was not contingent upon the value as found. Market Value, as described <br /> herein, does not includ� finacing discounts and title is assumed to be <br /> in fee simp�e. <br /> Yours very truly, <br /> Roby & Associates <br /> �>-� � � ��` <br /> E. A, Schr.oeder, SRA <br /> EAS/ml II <br />