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• 7 �r - 'l. � . <br /> �� � � � � �� ,� � � <br /> :;E.=�L cST:.t'c SAL�S — P+70RTGAGc LO.�,f`JS — INSUR.aNCE � 252 E. h1Aft�! - P. O. �ox 1C85 <br /> DEC?.TU�, IL1.I,�tOI.. 0�5�5 <br /> -- ----�. --T\---�`� - , �`� ��i:, ,_. ( _ 1 . . ' __-S -.� I <br /> - -, .._.._.. . ' � i �' - - <br /> . - -' - --� � �. <br /> Rc.�L70(i <br /> July 8, 1977 <br /> Mr. Hilmer Landholt <br /> Corporation Counselor <br /> City of Decatur <br /> 707 East Wood Street <br /> Decatur, Illinois 62521 <br /> Re: Vacant City Land <br /> 1900 Lake Shore Drive <br /> Decatur, I1linois <br /> Dear Mr. Landholt: <br /> Pursuant to your request, Verne E. Roby and I have personally inspected <br /> the above captioned land for the purpose of estimating fair compensation, <br /> in our opinion, that would accrue to the purchasers from the benefits <br /> derived from the vacation of the land. <br /> The land is on the North side of Lake Shore Drive at the exit lane from <br /> the Medical Arts Building adjoining St. Mary' s Hospital. It appears to <br /> have approximately 18,360 sq. ft, of area or near 0.42 acre. The land <br /> has some fi11, a concrete head wa11 for surface drainage under the road <br /> and surface water drainage from the North as we11 as a 72" x 18" storm <br /> sewer. It would appear some access easements would be retained for ser- <br /> vicing. <br /> Based upon our inspection of the property and our knowledge of the real <br /> estate market, it is our opinion the benefits that would accrue to the <br /> recipient would be in the area of $0.05 per sq. foot or rounded .to <br /> Nine Hundred Dollars <br /> ($900.00) <br />