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Here's What City Will Pay Owners For City Hall Parcels

Here's What City Will Pay Owners For City Hall Parcels image
Parent Issue
Day
15
Month
June
Year
1961
Copyright
Copyright Protected
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Donated by the Ann Arbor News. © The Ann Arbor News.
OCR Text

Here’s What City Will Pay Owners For City Hall Parcels

Thursday June 15, 1961

Circuit Judge James R. Breakey jr. yesterday approved out-of-court settlements on three parcels of property involved in condemnation proceedings for the site of Ann Arbor’s new City Hall.

The settlement totaled $246,500 and were approved by the City Council before being submitted to Judge Breakey for confirmation. They included settlement with persons who held leases on offices in the buildings on the property.

Dr. and Mrs. George D. Boone received a settlement of $70,000 for their property at 315 E. Huron St. Dr. Walter W. Shipman, who held a lease offices in the building received $6,000 for his leasehold interest.

Dr. and Mrs. Boone and Mrs. Lillian Ward, owners of 319 - 323 E. Huron, agreed to a settlement with the city of $87,500. Mrs. Ward, owner of the Ward Realty offices property at 327 E. Huron, received an $80,000 settlement on the property.

Attorney Thomas H. Green received $3,000 for his leasehold interest on offices at 315 E. Huron.

The settlements approved by the council and the court were] $31,000 more than the original offer by the city of $206,500 to the property owners. Including the $9,000 for the two leases, the additional cost totaled $40,000.

However, the settlement figure for the property (not including leases) was $25,500 less than the $263,000 asked by the property owners.

Total cost of the 13 properties acquired for the new City Hall. which will be built in the westerly two-thirds of the block bounded by N. Fifth Ave., E. Ann; E. Huron and N. Division Sts., was $605,300.

All of the property will be in possession of the city by Sept. 1. Construction will start shortly thereafter.

It was provided in the agreed settlements that Dr. Shipman will vacate his offices within 10 days and that Ward Realty may continue to occupy its property rent free until Sept. 1.

Judge Breakey approved a clause providing for a writ of possession to dispossess immediately any nonperforming owner or leaseholder by the specified date.