AG 2016 03 21 - Laserfiche WebLink

Home Browse Search

SUMMARY STATEMENTICONTINGENT OFFER TO PURCHASE READ. PROPERTY DUE TO THE ACQUISITION OF RIGHT OF WAY AND DAMAGES T0: Cabarrus County, a Body Politic and a Political DATE: 12/11115 Subdivision of the State of North Carolina PO Box 707 Concord. NC 28026 TIPIPARCEL NO.: 1-3802A298 COUNTY DESCRIPTION Cabarrus TO: Lessee, if Applicable WBS ELEMENT: 36780,2.FS2 1 -85 From NC 73 (Exit 55) to Lane St. (Exit 63 Dear Property Owner: The following contingent offer of just compensation is based on the fair market value of the property and is not less than the approved appraised value for the appropriate legal compensable interest or interests, The approved value disregards any increase or decrease in the fair market value of the property acquired due to influence caused by public knowledge of this project. The contingent offer of just compensation is based on an analysis of market data, comparable land sales, and, if applicable, building costs in the area of your property. Please retain this form as it contains pertinent income tax information. Value of Right of Way to be Acquired $ 35,775.00 Value of Permanent Easements to be Acquired $ 0,00 Value of Temporary Easement (Rental of Land) to be Acquired $ 89,225.00 Value of Improvements to be Acquired $ 4,325.00 Damages, if any, to Remainder $ 0.00 Benefits, if any, to Remainder minus $ 0.00 TOTAL CONTINGENT OFFER $ 129,325.00 The total contingent offer includes all interests other than leases involving Federal Agencies and Tenant owned improvements. (A) Description of the land and effects of the acquisition Subject property described in Deed Book 2204, page 313, Cabarrus County Registry, contains approximately 18,336 acres of which 0.265 acres is being acquired as right of way, leaving 18.071 acres remaining on the right with access to Stewart Street. Also being acquired is a temporary drainage easement containing approximately 0.228 acres and a temporary construction easement containing approximately 1.975 acres. (B) The TOTAL CONTINGENT OFFER includes payment for the improvements and appurtenances described below; Portion of BST, portion of curb and gutter. Provided there is sufficient time remaining in the project schedule, you may repurchase these improvements for a retention value, with the stipulation that you remove them from the acquisition area at no expense to the Department. (C) Should you desire to sell the Department the portion of your property considered to be an uneconomic remnant or buildable lot, as explained to you by the Right of Way Agent, the total contingent offer would be: $ n1a Please note that any contingent offer to purchase a remnant/buildable lot is conditioned upon the remnantlbuildable lot being environmentally clean prior to the conveyance to the Department, You may be required to provide the Department with a release from the appropriate environmental agency stating that all contaminants have been remediated and/or removed to their standards. The original of this form was handed /mailed, if out of state owner, to Chuck Taylor on December 12, 20 15 Owner was furnished a copy of the Right of Way Brochure /Owner's Letter. will be available at your convenience to discuss this matter further with you. My telephone number is 803 -316 -7793 Please be advised that the agent signing this form is only authorized to recommend settlement to the North Carolina