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75N - PH - RESO NECESSITY 2120-2130 S BRISTOL
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06/20/2017
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75N - PH - RESO NECESSITY 2120-2130 S BRISTOL
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Last modified
6/19/2017 9:07:43 AM
Creation date
6/15/2017 4:22:25 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Public Works
Item #
75N
Date
6/20/2017
Destruction Year
2022
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TABLE OF CONTENTS <br />PAGE <br />WHY IS MY PROPERTY REQUIRED? I <br />WHAT RIGHT DOES THE CITY HAVE TO ACQUIRE MY PROPERTY? I <br />WHO MAKES THE DECISION TO BUY MY PROPERTY? 1 <br />HOW WILL THE CITY DETERMINE HOW MUCH TO OFFER ME FOR MY PROPERTY? 1 <br />WHAT IS FAIR MARKET VALUE? I <br />HOW DOES AN APPRAISER DETERMINE THE PAIR MARKET VALUE OF MY PROPERTY? 2 <br />WILL I HAVE A CHANCE TO TALK TO THE APPRAISER? 2 <br />ONCE THE CITY DETERMINES THAT MY PROPERTY IS NECESSARY FOR A PUBLIC <br />PROJECT, HOW SOON WILL THE CITY GIVE ME A WRITTEN PURCHASE OFFER? 2 <br />WHAT IS IN THE CITY'S STATEMENT OF THE BASIS FOR ITS DETERMINATION 2 <br />OF JUST COMPENSATION? <br />CAN I GET AN APPRAISAL? 3 <br />MUST I ACCEPT THE CITY'S INITIAL OFFER? 3 <br />MAY I HAVE SOMEONE REPRESENT ME DURING NEGOTIATIONS? 3 <br />IF I AGREE TO ACCEPT THE CITY'S OFFER, HOW SOON WILL I BE PAID? 4 <br />WHAT HAPPENS IF I DO NOT AGREE TO THE FINAL PURCHASE OFFER? 4 <br />WHAT HAPPENS IF THE CITY CONDEMNS MY PROPERTY? 4 <br />WHAT IS AN ORDER OF POSSESSION? 4 <br />WILL I HAVE TO PAY ANY SETTLEMENT COSTS? 5 <br />MAY I KEEP ANY OF THE BUILDINGS OR OTHER IMPROVEMENTS ON MY PROPERTY? 5 <br />CAN THE CITY TAKE ONLY A PART OF MY PROPERTY? 6 <br />WILL I HAVE TO PAY RENT TO THE CITY AFTER MY PROPERTY IS ACQUIRED? 6 <br />HOW SOON MUST I MOVE? 6 <br />AM I ENTITLED TO RECOVER LOSS OF BUSINESS GOODWILL? 6 <br />I AM A VETERAN, HOW ABOUT MY GI LOAN? 7 <br />MY PROPERTY TS WORTH MORE NOW THAN WHEN I BOUGHT IT. MUST 1 7 <br />PAY CAPITAL GAINS TAX ON THE INCREASE? <br />WHAT IF I HAVE OTHER QUESTIONS ABOUT THE PROCESS? 7 <br />75N-31 <br />
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