HomeMy WebLinkAboutReso. 1976-173 - Accepting Review Appraiser's report and valuation of the Second Baptist Church property at 2014 Linden StreetRESOLUTION NO. 7G -173
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
ACCEPTING THE REVIEW APPRAISER'S REPORT AND VALUATION
OF THE SECOND BAPTIST CHURCH PROPERTY AT 2014 LINDEN
STREET.
WHEREAS, the City's independent appraiser, Paul L.
Benson, M.A.I., of the firm of Benson-Stathem-Shaw Associates,
has appraised the fair market value of the Second Baptist Church
property at 2014 Linden Street, known also as Parcels No. 104-41-26
and No. 104-41-27, and ha:sestablished the fair market value of the
land and improvements thereon to be the sum of Forty -Seven Thousand
Dollars, and
WHEREAS, the City's review appraiser, James Hull, M.A.I.,
has reviewed the aforesaid appraisal and does agree that the fair
market value of said property is Forty -Seven Thousand Dollars, and
WHEREAS, the subject property consists of approximately
12,064 square feet of land improved with a 2,290 square foot part-
ially wood frame and partially concrete block church structure on
a concrete foundation, together with miscellaneous ancillary im-
provements and fixtures, and
WHEREAS, this City Council has heretofore established
that the fee title to this property needs to be acquired for the
purpose of constructing the Buenaventura thoroughfare,
NOW, THEREFORE, BE IT RESOLVED that the just compensation
for this property is the sum of Forty -Seven Thousand Dollars.
BE IT FURTHER RESOLVED that the work of the appraiser
and the review appraiser with respect to this property has been
performed in a competent manner in accordance with applicable State
law, the Act, and the Department of Housing and Urban Development
policies and requirements.
I HEREBY CERTIFY that the foregoing Resolution was intro-
duced and read at a regular meeting of the City Council of the City
J
of Redding on the 6th day of December, 1976,. and was duly adopted
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at said meeting by the following vote:
AYES: COUNCILMEN: Anderson, Demsher, Gard, and Fulton
NOES: COUNCILMEN: None
ABSENT: COUNCILMEN: Pugh
LEE D. FULTO , M.D.
Mayor of the City of Redding
AT.T 5 t T:
MILDRED L.' BRAYTON,,i,City Clerk
FOR APPROVED:
EARL D. MURPHY, City ttbr ey
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