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City Council Agenda and Packet 2013 05 21 - PG 160 - ATTACHMENT #3
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City Council Agenda and Packet 2013 05 21 - PG 160 - ATTACHMENT #3
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3/11/2021 2:08:05 PM
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7/10/2013 1:57:10 PM
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City Council Records
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City Council Packet
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6D4
Record Series Code
45.010
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CCAGPKT 2013 05 21 - PG 160 - ATTACHMENT #3
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PART 8 — ANALYSIS AND VALUATION — RESIDUE AFTER TAKE <br /> See the larger parcel description and analysis before the take for a more detailed discussion of highest <br /> and best use. The remainder site size will be reduced by just over 43% to 66,195 square feet or 1.520 <br /> acres. The residue will be unaffected by the acquisition and will remain available for open space use <br /> after the acquisition. From the standpoint of the nature of the property, the project improvements will <br /> not result in diminution to the remainder property. <br /> The residue value after the acquisition is at least at the level it was before the taking. At this time,there <br /> are insufficient data upon which to rely for support for possible benefits and none are anticipated. <br /> Thus, the value of the residue after the taking is as shown below (note that the residue value reflects a <br /> very slight difference from the mathematical residue value before the acquisition due to rounding). <br /> Rounded figures are also shown. <br /> Residue Land Value-After <br /> 66,195 SF @ $0.90 /51= $59,576 <br /> Rounded to: $59,575 <br /> Reconciliation — Residue Value After Take <br /> Residue Value After Take <br /> Land Value—Residue After Take $59,575 <br /> Improvements Value—Residue After Take <br /> Residue Value After Take $59,575 <br /> 38 <br /> Bonnie Raerig & Associates, LLC 'Real Estate Analysts - VaCuat%an ConsuCtants <br />
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