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Mr. Coy C. Ballard <br />c/o Ms. Sue B. Love <br />September 14, 1998 <br />Paqe 2 <br /> <br /> As a result of an independent evaluation, the Board has <br />estimated the sum of $10,000.00 (more than twice the ad valorem tax <br />value) to be just compensation for the described fee simple <br />interest. <br /> <br /> The Board intends to file an action in condemnation to acquire <br />the needed property on or about October 15, 1998. This notice, <br />required under G.S. 40A-40, does not constitute a taking or <br />condemnation of property, and no taking will occur until <br />condemnation proceedings are actually instituted. Unforeseen <br />circumstances may delay or preclude the institution of a <br />condemnation action, and the exercise of possession over the <br />property. <br /> <br /> If you have any questions, you may wish to contact the <br />undersigned at the address and telephone number set forth below. <br />Your assistance and cooperation will be greatly appreciated. <br /> <br />Thanking you for your attention, we are <br /> <br />Sincerely yours, <br /> <br />FLHjr:b~// <br />Enclo~res <br />cc:!/Mr. Frank W. <br /> <br />HARTSELL HARTSELL & WHITE, P. A. <br /> <br />Fletcher L. Hartsell, Jr.. <br />Cabarrus County Attorney <br /> <br />Clifton, Jr. <br /> <br />P.S. In the event you desire to sell the adjoining lots which <br />front upon Cabarrus Avenue, we are authorized to offer an <br />additional $10,000.00. The lot for which this offer is made is <br />designated as Lot 79 on the enclosed GIS map. The additional lots <br />are designated as 94 and 13-24, also enclosed. <br /> <br /> <br />