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Item 37 - Bristol Street and Memory Lane Intersection Improvements
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09/07/2021 Regular
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Item 37 - Bristol Street and Memory Lane Intersection Improvements
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4/9/2024 11:39:24 AM
Creation date
8/17/2023 1:41:42 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Clerk of the Council
Item #
37
Date
9/7/2021
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ATTACHMENT 3 <br />Reconciliation and Conclusion of Value <br />On the preceding pages we have developed opinions concerning the larger parcel and the components of <br />it which are relevant to the parts acquired and temporary impacts. The following valuation summary <br />presents our conclusions of the total fair market value of all property rights proposed for acquisition from <br />the larger parcel. <br />Valuation Summary <br />Date of Value: March 01, 2021 <br />Value of Property Rights <br />Valuation Opinions <br />to be Acquired <br />Permanent Property Rights <br />Value of Larger Parcel (Land Only) <br />$5,732,496 <br />Value of the Fee Acquisition <br />$88,260 <br />Value of the Site Improvements <br />$50,537 <br />Permanent Parts Acquired <br />$139,157 <br />$139,157 <br />Value of the Remainder as Portion of the Whole (Land Only) <br />$5,644,236 <br />Value of the Remainder in the After Condition (Land Only) <br />$5,644,236 <br />Severance Damages <br />$59,722 <br />Benefits <br />$0 <br />Net Severance Damages <br />$59,722 <br />$59,722 <br />Fair Market Value of Permanent Property Rights Acquired <br />$198,879 <br />Temporary Property Rights <br />Value of Temporary Construction Easement (TCE) - Land Only $6,636 <br />Value of Site Improvements within Acquisition Area (P-I-P) $0 <br />Temporary Impacts $34,836 <br />Total Value of Temporary Construction Easement $41,472 $41,472 <br />Total Fair Market Value of Proposed Acquisition $240,351 <br />Rounded $241,000 <br />Page 12 <br />
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