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HUGHES SPALOING
WILLIAM K.MEADCW
HUGHES SPALDING, UR.
CHARLES H. KIPR SO
POPE 8. MSINTIRE
KENNETH L. HEWITT
HARRY C.HOWARO
R. BYRON ATTRIOGE
ROGERT W. HURST
HENRY HALL WARE Il
HUGH PETERSON, JR.
JOHN A. WALLACE
EOWARD v. HAWIE
DAVID L. COKER
JOHN 0. HOPKINS
A. FELTON JENKINS.UR.
R.WILLIAM IDE U1
CHARLES M. SHAFFER, JR.
W. DONALD KNIGHT, JR.
JOSEPH A.GLADOEN,JRA.
BY HAND
ROBT. 8. TROUTMAN
CHARLES L.GOWEN
JAMES M. SIBLEY
JOHN IZARD
RIRA MoM. MSALPIN
RICHARD A.OENNT, JR.
WILLIAM H.IZLAR,UR.
BRAOLET HALE
ROBERT L.STEEO
DANIEL J. O'CONNOR, JR.
CHARLES M. KIDD
ANTHA MULKEY
JOHN C. STATON. JR.
FURMAN SMITH, JR.
G.LEMUEL HEWES
JACK H. WATSON, JR.
HORACE H. SIBLET
GEORGE GRAHAM TRASK
JAMES A. BRANCH Il
Mr. Howard Openshaw
The Housing Authority of the
City of Atlanta, Georgia
824 Hurt Building
Atlanta, Georgia 30303
KING & SPALDING
TRUST COMPANY OF GEORGIA BUILDING
ATLANTA, GEORGIA 80303
404 525-0481
March 24, 1969
Re: Parcels B-10b and B-14
Rawson-Washington Street UR Area
Project Georgia R-10
MODEL NETGHBORHOOD, INC.
Dear Howard:
This acknowledges receipt, of your letter of the
20th, requesting our opinion as to whether or not it
would be possible to comply with the request of Model
Neighborhood, Inc. as set forth in your,letter.
You are correct that the State law requires that
urban redevelopment land be sold for not less than the
fair value for uses in accordance with the urban redevelop-
“ment plan.
and not of law.
Of course,
the fair value is a question of fact
The price was established by the Commis-—
Sioners based on two professional appraisals for the uses
of the property in accordance with the plan. It would
appear that the only way the price could be reduced would
be to determine that the appraisals were in error and have
the property reappraised.
There is the further possibility
that you can place certain restrictions on the property,
or change the use to a less valuable use and thereby lower
Therefore, unless you change the uses on the
property or obtain other appraisals, I see no way that the
the price.
Mr. Howard Openshaw
_ March 24, 1969
Page two .
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Housing Authority can comply with the redeveloper's request
for a reduction in the price from $216,000 to $134,000.
I am returning all documents herewith.
Sincerely,
fp) fits
Byréy Attridge
BA: jmb
Enclosures