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SUMMARY OF THE BASIS FOR .JUST COMPENSATION (Continued) <br />Permanent Severance Damages: (Continued) <br />Value of remainder, before acquisition: $3,208,686. <br />Value of remainder, cured, after acquisition: - 3,165,162. <br />Indicated permanent severance damages: $ 43,524. <br />Project Benefits: <br />Qualitative benefits to the general community in the "after" condition include increased roadway <br />capacity and improved circulation resulting in enhanced safety conditions for vehicular and pedestrian <br />traffic. Project benefits, relating specifically to the subject parent property, have not been monetarily <br />quantified. <br />Recapitulation: <br />Based on the foregoing, the total just compensation applicable to the partial acquisition of the subject <br />parent property is estimated as follows: <br />Acquisition area: <br />Land value: <br />Improvements: <br />Total value of partial acquisition (land, imps.): <br />Curable damages: <br />Permanent severance damages: <br />Value of remainder, as part of whole; <br />Value of remainder, after acquisition: <br />Total: <br />Project benefits (none quantified): <br />Net severance damages: <br />Total estimated just compensation: <br />$3,208,686. <br />- 3.165,162. <br />$ 43,524. <br />11 <br />$14,190. <br />00. <br />$14,190. <br />14,696. <br />43,524. <br />$72,410. <br />Adjusted: $72,400. <br />California Code of Civil Procedure Section 1263.330 requires that the subject parent property be <br />appraised absent any impact (either positive or negative) resulting from the public project, eminent <br />domain proceeding, or other preliminary activities of the acquiring agency. Market research and <br />analysis of such impacts is inconclusive. Valuation of the subject parent property in the "before" <br />condition is based on an extraordinary assumption that there is no impact resulting from the project. <br />An extraordinary assumption is defined in the Dictionary of Real Estate Appraisal, fourth Edition, <br />Page 106-107, published by the Appraisal Institute as "An asssmrplion, directly related to a specific <br />assignment, ii,hich, if found to be false, could alter the appraiser's opinions or conclusions. <br />Extraordinary asstinnptions presume as fact otherivise uncertain information about <br />75N-26 <br />