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. <br /> �=�,ij_��� .,CC_ . ! <br /> _ . � , . <br /> � rti�ov o � ���a <br /> � � � . �''��� ° ��� ��i-.� `-� - ; �� ��r,� <br /> � <br /> � r <br /> CHURCH AT ELDORADO <br /> . �r� 1`7 �66 , <br /> � �;�.;;�j� BOOK 94 f'AGE <br /> DECATUR .��jT ILLINDIS • <br /> �f,.=� <br /> ME►�B£R O� iiLAL IBTATE 04LL9 6 MTOB. <br /> OECATUR BO�AD O� qE4lT�F9 ZIP CDDE Fi2S2Z P(tOP[RTY MANAOiM[NT <br /> N4TiONAI. qEAL E9TA7E BOAqpS APPqA19ALB Qi INBURANCC <br /> PHONE 429-5218 <br /> I3ov. 6, 19 73 <br /> i�s. Derinis U. �Lou�ei•s, �i,i,oz�z�zy <br /> Denz, Lot•re, ?�[oore, Redgers & See, <br /> 1055 Cztizen:s Building <br /> P.o. Bo� i'rl5''7 . <br /> � <br /> Decu�ur, Illinois 6252� <br /> Re: Review of Apprais�ls - <br /> City-o��-ned Trian�;ular Land Paxcel <br /> 900 Block So. TIain St., Decatur,I7..le <br /> De�x Dennis: <br /> A-� your requ �st, I have exariined the problem of tine Janes �roper�y on <br /> the ��:est �.d� of the 900 Block South P�iain Street in li�;h� of ne:r facts <br /> resultino i'rom tne City of Deeatiur's P�Iunicipal Code Divi.s�.on T�91, <br /> 'I�Iacatin� of Streets and ��leys" -- pa�;e i�1G6. That portion oi -�he code <br /> states basically that the o:•:ner of prop�rtv abuttin� a street, a part or <br /> a11 of z�rhic� is to be vacated, shall pay a. corapensa�ion equal to tihe <br /> beneiits he receives by reason oi that vacation. <br /> In an appraisal report prepared by our Compariy in 1968 on a trac-t of lar_d <br /> iri the Jesse 1". Jar.es estatz, a suggestion i,ras made that the reirs could <br /> achizve a ;reater usaffe o� the p-ropert�r by reqtzesti_ng a vacation of city <br /> ot-med property blocl:in� �he subjec-t from m�xx�num potential access. <br /> A proposa7. Z•�as r��.de bf the Gity t.a vacate a �,riar.�zl�.r shapad tract <br /> abuttin� �tne Janes pro;�erty and approximately ��300 squ�;�re feet �.n size <br /> but not ir_clu�lir.y t1_ze critical frontage alon�; South T�;air_ Stree-t. In <br /> fact, n� additio�al fror.�tabe i•ras to be �ained by -�h� purchase of the <br /> ci�;� o:�m�d nropertf by �h� Jan�s Trus�ees. Tnus the added benefits ti„�ich <br /> -Lhe J�.r_�s Trust T�;ould rece�ve 'py t'_ne vacation af that portion of Soutn <br /> ;-ia.in Street is, at best, questicnable. i'here mi�;h�t be some sli�ht addeci <br /> benefi� due to plotta�;e ---- �that, is the value ix?cr•er!en�L arisint; irom com- <br /> bir_tn� two or more sites and resultin� in a greater ag�;regat.e utiLty. '� <br /> 1herE� has been a reference mac?e by a Corparat,�on �ouncil to u specific <br /> pz�op�r�tf vacatian involving i,?orth Pir_e Street, separatirt; t��ro parce�� <br /> o.f laild o��m.eci b�r the i.ue:Ller Co:r.parly. `I"ne v�.lue o� �;�:ro parce]_s oi' , <br /> � �� <br />