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SUMMARY OF THE BASIS FOR JUST COMPENSATION (Continued) <br />Recapitulation: (Continued) <br />physical, legal, or economic characteristics of the subject property; or about conditions external to the <br />property such as market conditions or trends; or about the integrity of data used in an analysis. " <br />Further, valuation of the remainder parent property in the "after" condition employs a hypothetical <br />condition that the public project has been completed in accordance with the plans and specifications <br />described herein. A hypothetical condition is defined in the The Dictionary of Real Estate Appraisal, <br />4 I Edition, Page 141, published by The Appraisal Institute, as, "That which is contrary to what exists <br />but is supposedfor the purpose of analysis. Hypothetical conditions assume conditions contrary to <br />known facts about physical, legal, or economic characteristics of the subject property; or about <br />conditions external to the property, such as market conditions or trends; or about the integrity of data <br />arses in an analysis. " <br />In the event conditions relating to the use of extraordinary assumption and the hypothetical condition <br />do not materialize, assignment results set forth herein might be affected. <br />75N-27 <br />