Minutes 12/26/1967 - Laserfiche WebLink

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')j ..... ...:. TUESDAY DECEMBER 26, 1967 City Manager Noland presented the following letter (dated December 12, 1967) ,- from Mr. K. L. Wright, Highway Right-of-Way Engineer for the Virginia Department of Highways, in connection with the City's interest (evidenced by option held by the City, dated September 15, 1967, for ninety days but subsequently extended to December 27, 1967) in purchasing from Childress-West, Inc., for the total sum of $12,500.00, that property located at the southwest corner of Brown and Ellsworth Streets, for future street right-of-way: This is to confirm our telephone conversation on December 11, 1967, relative to the City's desire to acquire the captioned property and be assured of state participation at such time a portion, or possibly all, of this property is needed for a future Highway project. This is to advise that it will be satisfactory for the City of Martinsville to acquire this property at this time, insofar as the Commonwealth is concerned; however, the extent of our participation cannot be established until such time as the property has been appraised by two (2) Fee Appraisers. By a copy of this letter to our District Right of Way Engineer in Salem, we are requesting that he have a representative contact you in the next couple of days to outline the procedures which must be followed in having the subject property appraised. Once the property has been appraised in accordance with the procedures which will be outlined by our representative, the appraisals are to first be reviewed by the City, then by our District Review Appraiser in Salem, and, finally, approved by this office. ,- In the event the appraisal figure, which is approved, exceeds the $12,500.00 cost to the City, the State will participate in the total amour.t of $12,500.00, at such time as the property is needed for a Highway project. If the appraisal figure is approved for a lesser a:rnour.t than $12,500.00, the Commonwealth, at the time the property is needed for a project, will only participate in the amount of the approved appraisal. If, when the plans eventually materialize, only a portion of the property is needed for construction, we will only participate in the portion which is actually needed. It is to be understood that the Commonwealth will not participate in any costs incurred in connection with the acquisition of this property until such time as the property is necessitated by a Highway project. Upon motion, duly seconded and unanimously carried, Council directed that the option be exercised as per terms and conditions therein and, accordingly, that the property be acquired.