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Lin: <br /> <br />question of fencing rights, etc. <br />We're also talking about the total <br />dollar yield. If it's a very small <br />amount of money, then there are not <br />a lot of improvements that the City <br />could be making with it. <br /> <br />We've talked to a number of <br />appraisers. Do the appraisers <br />compare this to undevelopable land, <br />a piece of property that has <br />easements on it that you can't do <br />anything with it, but put trees and <br />bushes on it? Or, should the <br />appraiser just compare the land with <br />undeveloped land? We ended up with <br />one appraisal of each. The <br />undeveloped land came in at <br />$16,000.00 per acre. The <br />undevelopable land came in at $.20 <br />per foot, which is about $8,000.00 <br />per acre. On the general market, <br />this land doesn't have a lot of <br />value. We seek Council's guidance <br />on what would be the most <br />appropriate use of those funds as <br />far as for some sort of improvement, <br />land swap, or some other thing. <br />Concerning the fence, that would be <br />the City Council's decision on <br />whether or not there would be <br />fencing allowed. There is currently <br />a utility easement that runs through <br />the property. The rule of thumb is <br />that you can fence on the property <br />line, but the cable company, etc. <br />has a right to go in there, a <br />standard easement. <br /> <br />Sisk: <br /> <br />Did you ask your appraiser to look <br />into the process wherein we have a <br />lot that was 7,650 sq. ft., as <br />opposed to what a lot that is 9,058 <br />sq. ft., what they would be worth, <br />in terms of the size differential? <br />My point is we have a larger lot on <br />which to build. That enhances the <br />value of the property. It doesn't <br />become undevelopable property. It <br />becomes a larger lot. Lots are sold <br />on size, many times. If there are <br />more square feet on your lot, that <br /> <br />4 <br /> <br /> <br />