Ctep : Guidelines 2003
Ctep : Guidelines 2003
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Other Acquisition Considerations • Special Note on Donations. Donation of property can occur. For donations falling under the Uniform Act , the ROW file should contain documentation that the owner was informed of their rights when agreeing to make the donation, and the file must include a copy of the deed for the donated property. Exhibit 5-3.
Revised 1/03 CHAPTER 5 - RIGHT-OF-WAY & UTILITIES • Uneconomic Remnant. If LPA acquires only a portion of the Owner's parcel and the remaining portion(s)... would have little or no utility or economic value; the agency must offer to acquire the uneconomic remnant as part of the total acquisition offer.
• Tenant-Owned Improvements. The LPA must offer just compensation for any improvements on the acquired property. Just compensation can be determined as the amount the improvement adds to the total value of the real property, or the salvage value of the improvement, whichever is greater.
• Owner Retention of Improvements. If the property owner chooses to remove any improvements that have been included in the fair market appraisal of the property, the LPA may subtract the salvage value of the removed improvements from the purchase offer.
What to read after Ctep : Guidelines 2003?
You can find similar books in the "Read Also" column, or choose other free books by Montana.Dept. of Transportation to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Other Acquisition Considerations • Special Note on Donations. Donation of property can occur. For donations falling under the Uniform Act , the ROW file should contain documentation that the owner was informed of their rights when agreeing to make the donation, and the file must include a copy of the deed for the donated property. Exhibit 5-3.
Revised 1/03 CHAPTER 5 - RIGHT-OF-WAY & UTILITIES • Uneconomic Remnant. If LPA acquires only a portion of the Owner's parcel and the remaining portion(s)... would have little or no utility or economic value; the agency must offer to acquire the uneconomic remnant as part of the total acquisition offer.
• Tenant-Owned Improvements. The LPA must offer just compensation for any improvements on the acquired property. Just compensation can be determined as the amount the improvement adds to the total value of the real property, or the salvage value of the improvement, whichever is greater.
• Owner Retention of Improvements. If the property owner chooses to remove any improvements that have been included in the fair market appraisal of the property, the LPA may subtract the salvage value of the removed improvements from the purchase offer.
What to read after Ctep : Guidelines 2003?
You can find similar books in the "Read Also" column, or choose other free books by Montana.Dept. of Transportation to read onlineMoreLess
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