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( ~ :,47 ·~~H:l 0 STERNE M. RMAN E X EC U TI VE B . SATTERFIELD DI R ECT OR AN D SE CR ETARY LESTER H . PERSELLS GEORGE S . CRAFT ASSOCIATE VICE CHAIRMAN E X ECUTI V E DIRECTO R CARL TON GARRETT DIRECTOR J. B. SLAYTON OF FIN A NCE GILBERT H . BOGG S DIRECTOR OF HOUSIN G FRANK G, ETHERIDGE HOWARD OPE NSHA W JACK F . GLENN DIRECT O R OF REDE V EL O P M E NT 824 HURT BUILDING ATLANTA, GEORGIA 30303 JACKSON GEORGE R. SANDER TECHNICAL DIRECTOR 3-6074 February 14, 1969 Mr. R. Gregory Griggs UR Committee Board of Aldermen 691 Woodland Avenue S. E. Atlanta, Georgia 30316 Dear Mr.Griggs: Recently you asked Mr. Openshaw for information concerning the property bounded by Georgia Avenue, Capitol Avenue, Bass Street, and w·ashington Street. Approximately a half of this area is in the Rawson-Hashington Urban P,enewal Project, and the other half is in the 1969 clearance area in the Model Cities portion of the Neighborhood Development Program. If the Rawson-~ashington Project is to close before December 31, 1969, the sale of this land would take place through two simultaneous offerings. Under the pres3nt approved land use, the land can only be used for commercial, and would be offered in such a way that a Developer could hly the entire area with Crew Street to be clo sed, or buy either or both blocks to keep Crew Street open. Under the Model Cities Land Use Plan, the block bounded by Crew, Georgia, Capitol, and Bass is designated for park use, which is, of course , public. If this portion of the area were to be used for public purposes, amendments to each of the two Programs would be necessary. In any event, the land would have to be appraised by two competent appraisers, with a price to be concurred in by the Renewal Assist.cU"ice Administration. The appr aisals would be the s ame for either commer cial or public use,because proper ty to be sold for public purposes must be appraised at its hi1ghest and best alternate use . We have not, of course, had appraisals made. Based on our experience, our Real Estat e people estimate that t he pr ice per sq. foot would not be les s than :j;J . 00 or more than $5. 00. Land for commercial uses must be sold under competitive pr ocedures . Land for publ ic purposes, how= ever, can be sold wi thout adver tising. If t he land wer e used as a park, t he price of t he l and would be eligible a s a non- ca.sh grant-in- aid credit to the extent that t he park s erved and support ed t he Project. I f it were used f or office space, no credit would be avai lable. If part wer e used f or one purpose �-2- and part for another, the above provisions would apply. If the area were to be a Park with temporary use for office space, the matter would have to be negotiated with the Renewal Assistance Administ ration, and probably receive 1vashington concurrence or approval. It is my hope that this will clarify the questions you have. If· not, please let me know and we will try to provide further information. Sincerely yours, ~53!~ Lester H. Persells Associate Executive Director cc: Mr. John T. Edmunds Mr. Earl Landers __-/' Mr. Collier Gladin Mr. Rodney M. Cook Mr. Johnny Johns on LHP:sd �