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FRANK G. ETHERIDGE
EDWIN L. STERNE
CHAIRMAN
M. 6B. SATTERFIELD
EXECUTIVE DIRECTOR AND SECRETARY
LESTER H. PERSELLS
GEORGE S. CRAFT ASSOCIATE EXECUTIVE DIRECTOR
VICE CHAIRMAN
CARLTON GARRETT
DIRECTOR OF FINANCE
J. B. BLAYTON GILBERT H, BOGGS
DIRECTOR OF HOUSING
HOWARD OPENSHAW
JACK F. GLENN DIRECTOR OF REDEVELOPMENT
824 HURT BUILOING GEORGE R. SANDER
ATLANTA, GEORGIA 30303 TECHNICAL DIRECTOR
JACKSON 3-6074
February 1), 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 Washington
Street. Approximately a half of this area is in the Rawson-Washington
Urban Renewal Project, and the other half is in the 1969 clearance
area in the Model Cities portion of the Neighborhood Development Program.
If the Rawson-Washington Project is to close before December 31, 1969, the
sale of this land would take place through two simultaneous offerings.
Under the present approved land use, the land can only be used for commercial,
and would be offered in such a way that a Developer could mythe entire
area with Crew Street to be closed, 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 Assistance Administration.
The appraisals would be the same for either commercial or public use, because
property to be sold for public purposes must be appraised at its highest and
best alternate use. We have not, of course, had appraisals made. Based on
our experience, our Real Estate people estimate that the price per sq. foot
would not be less than $3.00 or more than $5.00. Land for commercial uses
mist be sold under competitive procedures. land for public purposes, how=
ever, can be sold without advertising. If the land were used as a park, the
price of the land would be eligible as a non-cash grant-in=-aid credit to the
extent that the park served and supported the Project. If it were used for
office space, no credit would be available. If part were used for one purpose
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 Administration,
and probably receive Washington 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.
Mr. John T. Edmunds
Mr. Earl Landers
Mr. Collier Gladin
Mr. Rodney M. Cook
Mr. Johnny Johnson
Sincerely yours,
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Lester H. Persells
Associate Executive Director