78-02 VACATING A PORTION OF A STREET - OAK RIDGE AVENUE

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. �� ' - • Platzbecker 2 Decatur Lies at the south end of Oak Ridge Drive at the place where the drive goes to the west and was evidently dedicated for street use by the developer of this area. Originally to connect to the 50' park strip along the lake but this was vacated and the segment south of the involved land was added to the tract to the east. It is sloping down to the south and most of it has been used as a yard extension by the owner to the west. According to the maps there is a 30" sewer through the entire north-south length which sewer runs from the 24" line along the lake to the pump station at Lost Bridge Road. The center line of this sewer is approximately 24 feet east of tF�� west boundary of the involved land. It would be necessary to provide sufficient stee) and slab construction if a buitding were to be placed over the sewer, but this wouid not be a prohibitive expense. In checking the zoning map it was found that the classification on the west side is R-3, Single Family and on the east side is R-1 , Single Family. With water and sewer available it is presumed that the R-3 would be acceptable and it could be used for a one family home. Sales of other lots were checked in order to secure data on which to base an estimate of value. The following were pertinent: #1 East of 2420 Brooks Drive Lot 53•5 X 242 sold October 1976 for $5,000 or 39.6t per SF. Sewer paid, water across strest. Zoned R-3, one block to north. #2 Dellwood Drive Lot 60 X 85 X 97 X 100 or 7260 SF. Sold June 1977 for $5,395 or 74� per SF. Zoned R-3. Buyer pays for relocation of sewer line, water in street. In South 5hores.