Box 3, Folder 7, Document 10

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Box 3, Folder 7, Document 10

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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

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  1. http://allenarchive.iac.gatech.edu/originals/ahc_CAR_015_003_007_010.pdf

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