Box 20, Folder 33, Document 82

Box 20, Folder 33, Document 82

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Mobily VELLA oly ence “ils sail oti
MiinlieGr LOVUM 30108

MARIETTA AT BROAD

Pp, 0, BOX 4899

November 21, 1966 REAL ESTATE LOAN DEPARTMENT
TELEPHONE 588-3091

AREA CODE 404

TO WHOM IT MAY CONCERN

RE: Proposed Apartment Site
East Side Proposed Extension
Mt. Gilead Road

I have made an on site inspection of the subject property
this 2lst day of November, 1966 for the purpose of deter-
mining the feasibility of the proposed project.

I have been in the mortgage loan business in Atlanta for
twelve years and have made several loans in the Fountaine
Bleau Subdivision which adjoins the subject property. I
am also an appraiser holding the MAI designation and have
made appraisals on houses adjoining the subject property.

Based on my personal inspection of this property and seeing
the proposed plot plan showing a 150 foot buffer zone between
the apartment buildings and the homes on Black Forest Trail
(homes nearest to the apartment) and knowing the type apart-
ments that are proposed on this site, I do not feel the
single family homes will be affected adversely. In fact, it
is my opinion as an appraiser that this proposed development
will provide the most desirable buffer between the single
family residential subdivision and the area zoned commercial
which will be developed in the near future with various types
of improvements. It is also a buffer from the side view of
the Greenbriar Shopping Center.

In review, it is my opinion that an attractive apartment pro-
ject on this site would be a proper improvement and would not
adversely affect the value of the surrounding property.

i he

very” B. Knight 4
Assistant Vice-President



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