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SUMMARY OF THE BASIS FOR JUST COMPENSATION (Continued) <br />Permanent Severance Damages: (Continued) <br />Monetary compensation applicable to severance damages reflects the difference between the <br />value of the remainder as part of the whole, and the value of the remainder after acquisition, <br />before consideration of benefits, as follows: <br />Value of remainder, before taking: $2,375,882 <br />Value of remainder, after taking: -1,617,795 <br />Indicated severance damages: $ 758,087 <br />Project Benefits: <br />Qualitative benefits to the general community in the "after" condition include the upgrading of <br />street improvements as well as increased roadway capacity and improved circulation resulting <br />in enhanced aesthetics and safety conditions for vehicular and pedestrian traffic. Project <br />benefits, relating specifically to the subject parent property, are not monetarily quantifiable. <br />Recapitulation: <br />Based on the foregoing, the total just compensation applicable to the partial acquisition of the <br />subject parent property, as of January 8, 2014, is estimated as follows: <br />Land value: <br />$ 204,750 <br />Improvements: <br />169,368 <br />Total value of part taken (land, imps.): <br />$ 374,118 <br />Severance damages: <br />Value of remainder, before taking: <br />$2,375,882 <br />Value of remainder, after taking: <br />-1,617,795 <br />Total: <br />$ 758,087 <br />Project benefits (none quantifiable): <br />00 <br />Net severance damages: <br />758,087 <br />Total just compensation: <br />$1,132,205 <br />Adjusted: $1,132,000 <br />75B -21 <br />