VA 1997-1795
ORDINANCE N0. 1795
AN ORDINANCE. VACATING THE EIGHTEENTH STREET RIGHT OF WAY NORTH OF
THE NORTH RIGHT OF WAY LINE OF WASHINGTON STREET AND SOUTH OF THE
SOUTH LINE OF THE ALLEY IN BLOCKS 38 AND 39, IN THE CITY OF
BLAIR, WASHINGTON COUNTY, NEBRASKA, RESERVING, HOWEVER, UNTO THE
CITY OF BLAIR A PERPETUAL .EASEMENT FOR UTILITIES LOCATED IN SAID
STREET, INCLUDING BUT NOT LIMITED TO WATER AND SEWER LINES,
REPEALING ALL ORDINANCES OR PARTS OF ORDINANCES IN CONFLICT
HEREWITH, AND PROVIDING WHEN THIS ORDINANCE SHALL BE IN FULL
...........FORCE ...AND... EFFECT .
BE IT ORDAINED BY THE MAYOR AND CITY COUNCIL OF THE CITY OF
BLAIR, NEBRASKA, AS FOLLOWS:
SECTION 1. The Eighteenth Street Right of Way North of the
North Right of Way line of Washington Street and South of the
South Line of the alley in Block 38 and 39, in the City of Blair,
Washington County, Nebraska, is hereby vacated providing, howev-
er, the City of Blair hereby reserves a perpetual easement for
utilities located in said alley, including but not limited to
water and sewer lines.
SECTION 2. All ordinances or parts of ordinances in con-
flict herewith are hereby repealed.
SECTION 3. This ordinance shall be in full force and effect
from and following the passage and publication hereof as required
by law.
PASSED AND APPROVED this 25th day of February, 1997.
STATE GF ;NEBRASKA COUNTY OF WASHINGTON) SS ~ ~~
MICHA A. MINES, MAYOR
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ATTEST:
ALICE I. DIEDRICHSEN, CITY CLERK
(SEAL)
STATE OF NEBRASKA )
)ss
WASHINGTON COUNTY )
ALICE I. DIEDRICHSEN, hereby certifies that she is the duly
appointed, qualified and acting City Clerk of the City of Blair,
Nebraska, and that the above and foregoing Ordinance was passed
and approved at a regular meeting of the Mayor and City Council
of said City held on the ~s ~ day of February, 1997.
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ALICE I. DIEDRICHSEN, CITY CLERK
APPRAISAL REPORT
FOR
CITY OF BLAIR
RE: PART OF VACATED
18T" ST
BLAIR, NE
RUSS NELSEN
NELSEN APPRAISAL SERVICE
February 19, 1997
Wyman Nelson
City of Blair, Nebraska
RE: Market Value
South 100' 18th St. between
Washington and Front St.
Blair, Ne 68008
Property Description: The subject lot
slope to the north and is bordered by
building on the east.
Special Conditions: The lot is being offered for sale under the condition that
the buyer cannot construct any building or major improvement on the lot for
20 years. The present street can be removed and the lot landscaped. This use
of the lot can enhance the use of the lower level of the building to the east, as
it can be made more assessable.
Fee Simple interest in the lot is not being passed for 20 years. On of the main
rights in fee simple ownership is not granted at the time of transfer, and
therefore the market value is greatly lowered for the typical buyer.
Valuation
1. A survey of vacant lot sales was made that have similar locational
appeal and size. Most weight was placed on Casey's lot purchase.
Lot value for the subject is called at $ 4.25 per square foot.
Lot-8000 sf c~ $4.25 =$34,000.
34 000 indicates the present value of the lot.
Value in 20 years based on 3 % appreciation = $61,400
61 400 indicates future value.
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APPRAISAL AND REPORT IDENTIFICATION
This Appraisal conforms to ~e of the following definitions:
® Complete Appraisal_
The actor process of estimating value, or an estimate of value, performed without invoking the
Departure Provision.
^ Limited Appraisal erformed under and resulting
The act or process of estimating value, or an estimation of value, p
from invoking the Departure Provision.
This Report is Qn~ of the following types:
^ Self Contained Report
A written report prepared under Standards Rule 2-Z(A) of a complete or limited appraisal pertormed
under Standard 1.
^ Summary Report
A written report prepared under Standards Rule 2-Z(B) of a complete or limited appraisal performed
under Standard 1.
^ Restricted Report
A written report prepared under Standards Rule 2-Z(C} of a complete or limited appraisal performed
under Standard 1.
Comments on Appraisal and Report Identification
Note any departures from Standards Rules 1-Z, 1-3,1-4, plus any USPAP-related issues requiring disclosure:
This re ort is not intended for
report is _intended onl for use in 1~ l~-a.~hbN
APPRAISER'S CERTIFICATION: Tha Appraiser certltles and apreos drat
i. I have researched tlra suhJect market area and have selected a mUdmum of tlrree recent saps of pmpertles most slndlar and prozimale b ore subject prapmy
for consideration In tlra sabs comparison anaysls and have made a dollar ad)usbnmd when appropriate to rellecl tlra market reactlon tu Urose Ilmns of slgnl0cant
variatlon. II a signiUcanl Item In a comparabk+ property Is superior to, or moro lavorabb tlran, tlra subJecl propmy, 1 have mado a negative adjusUnent b reduce
tlra adJusled sabs price of tlra comparabk: and, Ir a signilicaut Item hr a cmnparabb property Is hrferior tu, or bss lavorabk: tlran Ure subJecl propery, I have made
a positive adJusbnmd to Increase the adprsted sales price of Ure comparabb.
2. 1 have taken Into consideration tlra lacturs drat have an Unpact on value In my devebpmenl or Uw estlmalo or market value In tlra appraisal report I have not
knowingy withheld any slgniUcant Inlonnatlon Irom Ure appraisal report and 1 beUcve, tu Uro best al my knawbdge, drat atl staimnmrts and infonnagon in Ure
appralsal report are hue and canecl
0, I staled in tlra appraisal reparl onty my own personal, unbiased, and professional anaysls, opinions, and conclusimrs, width are suUJecl ony to Ure congugenl
and 8mitlng conditions speclUed in tlds loan.
4. I have no present or prospectve Inbred In tlra praperry drat Is Ute subJecl M tlds repm~ and I have no prosmd or prospectvo persmral Intmest or bias wlUr
respect b Ure partlcipants In tlra transactlon. i did not hase, eWrer parUaty or campbtey, my anaysls and/or tlra esWnaro of rnarkel value In tlra appraisal reparl
on tlra race, cobr, religion, sex, handicap, lantllial slahrs, or Uatlonal origin UI either tlra prospective owners or occupants of the suUJecl property or of Um present
' owners or occupants of the properties In the vicinity of the subJecl property.
5, I have no present ar conternplatr:d luture Interest In tlra subJecl ptopmy, and neWier my cunmd or luturo eugrbyumut uor ury compensation fur pmimndny Wis_
appraisalls congngenlon tlra appraised value of Uro ptopmy.
U. I was not required b report a predetermined value ar direction in value dial lavurs Ure causo of Ure client or any related party, Ura amomrt el tlra valuo estimate,
the attalmnenl al a specl0c tesuU, or tlra occurrenco of a subsequent event In order to receNe my compensagon and/or empbymm~l for pmlonning Ure appralsal. I
did not base tlra appraisal report on a requested nrinbnum valuatlon, a speclNc valualimr, m the need b approve a specllic mmlyago ban.
7. I pmlonned tlds appralsal in canfonnity wiUr Ure Unllmm Standards al Prolesslonai Appraisal Practice drat were adopted and prmnulyaled by the Appraisal
Standards Ooard of lha Appraisal fouudaUon and tlra) were In pieta as al Uro elfecUvo dale or tlds appralsal, wlUr Uro exceplioo or the drparture provision al tlmsr,
Standards, which does not appy. I acbrowkdge Urat an estmato of a reasouabk; Uma for exposure In Ure open market Is a cmultUmr In Ure deliuiUun of market value
and tlra estimate I devebped is cmrsislenl witlr tlra markeUny tune noted in Ure nelghbmhood sectimr of Uds report, mrbss I have oUrmwise staled in Ure
rcconcl~atlon sccgnn.
0. I have personalty tnspecled tlra InOerlor and exterior areas al Ura suUJecl ptopmy and tlra eximlor or all properties listed as cougrarabks in Ura appralsal rrpml
I NrUrer cergty Ural I have noh:d any apparent or known adverse conditions In tlra subJcef hnprovmnents, an Ura subJecl site, or on any site willdn Uro hnnredlate
vicinity of tlra subJecl properly of width I am aware and have made adJustumnLs tar tliese adverso conditions in my anaysls of Ure propmty value to Ure extent Urat
I had market evidence to support tlrenr. I have also cmnmenied about Ure elfect of Ure advese cmuliUmrs mr Um marketability of Ure subjeclproperty.
9. i personalty prepared a! concluslmrs and opbrlons about Ure teal estate Ural wore set IorUr In tlra appraisal report If I relied on sfynilicant prolesslonal
asslsiance ham any Indfvlduai or Indnlduals in tlra pmlormanco or tlra appralsal or tlra preparatlmr of Ure appralsal report, I have named such Individual(s) and
dlscbsed tlra specllic tasks perlonned by Urern hr tlra reconcllialion section of tlds appraisal report I cmtify Ural airy Individual se named Is qualilied to prdnnn
Ure tasks. I have not auUrmized anyone to make a change to any Itmn In Ure report; Urmelme, it an unauilmdzed clranyo is made to Ure appralsal report, I will take
no responsibility for ll
SUPERVISORY APPRAISER'S CERTIFICATION: II a supmvlsory appraiser signed tlra appraisal report, he or she cmtiries and agrees rhat
I directy suporvlse tlra appraiser who prepared tlra appralsal report, havo reviewed tlra appralsal wpor~ agreo wlUr tlra slalmnents and conclusions of Ure appraiser,
agree tu be bound by tlra appraiser's cerUlicagurrs nurnbered A Uuouyh 7 above, and am taking full responsibility for Ure appraisal and Ure appraisal report
ADDRESS OF PROPERTY APPRAISED:
SUPERVISORY APPRAISER (only if required):
APPRAIS
E
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Signature: Signature:
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Narne: TRUSS Nelsen cert. a raiser Narne:
UateSigncd: Z!1_ DafaSlgned: _
SlatuGmtllicatlonaK: CG 920 76 SlaicCcrlilicatlanrF:
or Slate License ~': or Slxle llcenso aY:
stare: NE state:
fxpiragon Date of CerUiicatlon or License: 12 - 31- 9 6 Expiration Uale of Cmtilication or License:
^Uid ^ UIrINollnspeclPropaty
Nelsen Appraisal Services, Inc. Russ Nelsen CG 920 276
Page 2 0l2 fanulc Mac loon t0U4D G93
fieddle Mac form 439 6.93
form ACIl •• 'TDTAL 2000' appraisal solNraro by a ti nunln, Inc. •• 1•U00•AUMOUE