Box 15, Folder 5, Document 68

http://allenarchive.iac.gatech.edu/originals/ahc_CAR_015_015_005_068.pdf

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Box 15, Folder 5, Document 68

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HUGHES SPAL.DING
ROBT. a . TROUTM A N
WILLIAM K . ,,_f CAOC '.'/
CHARLES L , CO WE N
HUCH E S
HARRY · C . HOWARD
JAME S M . S1BLEY
JOHN IZARD
KIRP<. M . M'-ALPIN
RICHA R D A. DENNY, JR .
WILLIAM H , IZLAR , J~ .
R- BYRON ATTRIDCE
BRADLEY
ROBEAT W . HURST
Hf:NRY HALL WARE Ill
ROBERT L , ST E ED
HUGH PE:iERSON. JR.
JOHN A . WAL. ~ ACE
CHARLES M. KI00
ANTH'A MULKEY
SPALDING, JR .
CHARLES H. K I RBO
POPE · e . Mi;"INTIAE
KENNETH
L . HEWITT
DANIEL J . O ' CONNOR, JR .
JOHN C . STATQ~L JR.
,-URMAN $MITH, JR .
JOHN 0 - HOPKINS
G . LEMUEL HE W ES
0

&
SPALDING
TRUST CO.'lP~'Y OF GEORGIA BUILDIXG
ATLANTA, GEORGIA
30303
HALE
COWARD J . H t__ WIE
DAVID L - COKER
A. ,r'ELTON JENKINS .JA .
KING
404 525- 0481
March 24, 1969
J,e..C~ H . Vo(ATSON . JR.
Ft . WILLIAM tciE Ill
HOR>,.CE H. SIBLEY
CHARLl:.S M. SHAF'F'ER, JR .
GE.CAGE GRAH A M TRASK
W. OONALO KNIG)-IT, JR .
J>,.MES A . B~ANCH Ill
JOSEPH R. OLACOEN,JR.
BY HAND
Mr. Howard Openshaw
The Housing Authority of the
City of Atlanta, Georgia
824 Hurt Building
Atlanta, Georgia 30303
Re:
Parcels B-lOb and B-14
Rawson-Washington Street UR Area
Project Georgia R-10
MODEL NEIGHBORHOOD, INC.
Dear Howard:
This ack nowledges 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 redevelopment plan. Of course, the fair value is a qu e stion of fact
and not of law. The price was established by the commissioners based on two professional appraisals for the uses
of the property in accord a nce with the plan. rt 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 re appraised . There is the further possibilit y
that you can place certain r~strictio~s on the proper t y ,
or cha ng e the use to a less valu able use and ther eby lower
the price. There f or e , unl e ss you change th e us e s on the
prope r ty or obt a i n othe r apprais a ls,· I s e e no wa y that the
�Mr. Howard Openshaw
March 24, 1969
rage two
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,
BA: jmb
Enclosures
/I

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