Proposals and now the cost running 5 to 10 percent given the project cost of 0 over one hundred Million Dollars thats a hefty amount when i weigh all those factors and the Market Dynamics i think well these not far from the property that suggests this is a fair prissy hope that helps give a little bit of context. Thank you, mr. Updyke. Supervisor mar. Thank you, mr. Updyke and our appraisal and your budget Analyst Report your responses to the cb r report are helpful but a wide gap of 4. 5 million from the cb r e appraisal from 14 million plus and option 2 to go back and see if you could get closer to what the appraisal was but look at the comparable the different comparable sales you think are relevant to the and i prevail that would be my hope i have a dw question about Eminent Domain since its brought up how is fair market value how would you determine that i dont know the process. Im happy to give some context on that im sure john gibner, deputy City Attorney will share information
Continue if they fail to result in a reasonable supplement by either party the court can rule through a jury action so thats the process its long its complicated and its just not a very good fit for a general Obligation Bond measure that has a few things in the wrong sequence for us. I understand the delays in the Eminent Domain process i see that thousands us off in the faurment it be. John gibner deputy City Attorney to provide more detail after the city has its appraisal and the owner does his appraisal the city has to make an offer as the first, i think formal Eminent Domain process if that form offer does not result in a settlement it would be our awe operated value not there are the board of supervisors can precede with the Eminent Domain will have to adapt a resolution of public necessity by a 2 3rds vote and that resolution will have to find a public use for the property and that it will serve the greatest public good and cause the least harm the city files a lawsuit and ultima
Took its capitol of detroit with it. Today the city is shrinking and broke. To solve its financial crisis detroit will have to cut city workers pensions. Illinois just pass emergency legislation to tackle 100 billion shortfall in its pension obligations. Thats huge money and people will pay the price. On this edition of inside story well look at the tradeoffs and solutions when Balance Sheets teeter to the brink of disaster, and we start in detroit. Let me just say that the judge has spoken, and i do think its a tough day for all of us here in detroit [ music ] once the nations fourth largest city, the heart of the Auto Industry and the soul of American Music todays detroit is a portrait of urban decay and facing a water shed moment. It is the largest municipality in u. S. History to file for bankruptcy. A federal judge ruled the city is not only insolvent but in a decisive verdict declared that pensions will be included on the chopping block. Dave bing is the outgoing mayor. The only
Panicalmness. Al jazeera will not play those recordings. Around 29,000 people signed up for Health Insurance on sunday and monday. A figure that surpasses the total for the whole month of october. And president obama said the income ga gap between rich and r americans is widening, and jeopardizing the middle class. Noticinside story is next. Detroit prepares to navigate the road ahead in bankruptcy. But its hardly alone in its efforts to solve the burden of runaway debt. Im ray suarez. Bankruptcy lessons learn and the real impact on peoples lives. Thats the inside story. In the 1950s, a gm ceo famously said what is good for our country is good for general motors, and vice versa. As the Auto Industry sank it took its capitol of detroit with it. Today the city is shrinking and broke. To solve its financial crisis detroit will have to cut city workers pensions. Illinois just pass emergency legislation to tackle 100 billion shortfall in its pension obligations. Thats huge money and people
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