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10 <br />SITE IMPROVEMENTS <br />Improvement Quantit Cost Total Cost <br />Y <br />Low wood front yard fence 56 LF $12.001sf $672 <br />Landscape with sprinklers 266 SF $9.00/sf $2,394 <br />Total $3,066 <br />VALUE OF THE LAND AREA TO BE ACQUIRED <br />The value of the area to be acquired includes a 266 square foot fee acquisition <br />of land and related site improvements. The property owner will lose all rights to the <br />area. The previously concluded land value of $35.00 per square foot and the <br />replacement value of the site improvements are used to calculate the value of the area <br />to be acquired, as shown in the following table: <br />VALUE OF THE AREA TO BE ACQUIRED <br />Area to be Acquired Total Cost <br />Fee Simple Acquisition (Land): 266 SF x $38.00/SF $10,108 <br />Replacement Cost (Improvements): <br />TOTAL <br />$3,066 <br />$13,174 <br />VALUE OF THE REMAINDER (LAND ONLY) <br />The value of the remainder after acquisition, which includes the value of the land <br />before acquisition less the value of the area to be acquired, is as follows: <br />VALUE OF THE REMAINDER LAND AFTER ACQUISITION <br />Value of the Whole - Before Acquisition <br />$38/SF x 6,572 SF = $249,736 <br />Value of the Fart to be Acquired <br />$38/SF x 266 SF = ($10,108) <br />Value of the Remainder $239,628 <br />Kiley Company <br />750-23 <br />