HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.
![handle is hein.gao/gaobabbei0001 and id is 1 raw text is:
RESTIC~~) - VNot tn lie. rsA~-%--1~~
Account tg Ce~ pt: rI U1 I,%7l of spev'..
by t1iip-- UTN OFFICE
WASHINGTON, D.C. 20548
GNALGOVERNMEN EESEfcoer1,18
DIVISIONRELEASED
o~w,,oNOctober 17, 1980
0-200864
The Honorable John G. Tower
United States Senate 113657
Dear Senator Tower:
Subject: cquisition of Land for Postal
Facility in Tyler, Texas]
(GGD-81-14)
In accordance with your request of April 7, 1980, we
investigated Mr. E. B. Yale's allegation that the U. S.
Postal Service paid at least three times the market value
for the land it acquired in January 1980 for a new postal
facility in Tyler, Texas. In addition, while it was not
specifically part of your request, we inquired into the
Postal Service's rationale for selecting the site on
M. L. King, Jr. Boulevard rather than less costly land
offered to the Service.
As part of our review, we interviewed Mr. Yale and
the Service officials responsible for selecting, apprais-
ing, and purchasing this land. We also contacted various
independent appraisers and realtors in the Tyler area, in-
cluding the appraiser of the acquired site, and reviewed
Service policies and procedures for selecting, appraising,
and purchasing real property.
While we found some evidence that the price paid for
the land may have been high, a Service analysis as well as
an independent appraisal valued the land at approximately
the price paid. We do, however, question the Service's
basis for increasing the value of the selected site above
the valuation assigned by the independent appraisal to
allow for payment of the seller's full asking price.
We also believe that the Service may not have given
adequate consideration to other tracts of land that were
offered at less cost. The Service's limited documentation
justifying the site selection, however, prevented us from
conclusively determining whether the Service gave adequate
consideration to less expensive tracts of land that would
appear to have been suitable for this postal facility.
(224960)](ViewImageLocal?handle=hein.gao/gaobabbei0001&div=1&collection=&method=preview&ext=.png&size=3)