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, ti , <br /> s ' r <br /> � Mr. and Airs. Donald Gregory October 10, 1975 <br /> Re: Vacation of 10' Strip <br /> 1200 East Riverside <br /> Decatur, Illinois <br /> The City Engineer Office advises us that there are no public <br /> utilities in the 10' strip to be vacated. <br /> The z�ni�a is R-3 P.esidertial on the Bast of the 10' strip <br /> and B- Commercial on the West. <br /> Vacation of the strip, in my opinion , woulci be of no great bene- <br /> fit to you other than to increase the frontage of your lot by <br /> one-half of �he 10' strip or from 40 feet to 45 feet. The major <br /> benefit to be derived from vacation of the 10' strip for drive�vay <br /> purposes ti�ould Ue to the owner of the a�joinina property to the <br /> East, namely, 1228 Fast Riverside, particularly if he can c�ork out <br /> some agreement with you to acquire the majority of the 10' strip <br /> to permit him to ocvn the land where his concrete drive�Lay is <br /> located. It should ee pointeci out that there is a public alley at <br /> the rear of the pro�erty at 1228 �ast Riverside �tihich would permit <br /> the owners access to on site parking if they so desired. <br /> Market data on land valuation in your immediate nei�hborhood is <br /> very limited due to the qeneral age of the neighborhoad. i�o�cever, <br /> one sale of vacant land five lots east of your property was found. <br /> This involved a sale of Lot Four (4) in Block T�t�o (2) of C.E. <br /> Schrolls Addition in 1973, from Yobski to Elmore for $2,500.00 <br /> reflectinc $62.50 per front foot for a �O ft. lot frontage. <br /> After consideration of the above mentioned possible benefits to <br /> adjoinina oviners and sales c�ata it is our opinion that the benefits <br /> which wou2d accrue to all parties from vacation of the ].0' strip, <br /> as of October 4, 1975 the date of inspection) v�ould be <br /> Five Hundred Dollars <br /> ($500.00) <br />