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SUMMARY STATEMENT/OFFER TO PURCHASE REAL PROPERTY <br />DUE TO THE ACQUISITION OF RIGHT OF WAY AND DAMAOES <br /> <br />TO: Cabarrus County <br /> <br />DATE: <br /> TO: LESSEE, if Applicable <br /> <br />STATE PROJECT NO,: 8.7366001 COUNTY: Cabarrus <br />FEDERAL AID PROJECT NO.: HESM-5287(2) PARCEL 5 ID{ W-2804 <br />DESCRIPTION: Intersection of US 601 Bypass and SR 1002, Concord <br /> <br />Dear Sir: <br /> <br />The following offer of Just compensation is based on the fair market value of the property <br />and is not less than the approved appraised value for the appropriate legal compensable <br />interest or interests. The approved appraisal value disregards any Increase or decrease <br />in the fair market value of the property acquired due to influence caused by public <br />knowledge of this project. The offer of Just compensation, as reflected by the approved <br />appraisal, is based on an analysis of market data, comparable land sales, and, if <br />applicable, building costs in the area of your property. Please retain this form as it <br />contains pertinent income tax information. <br /> <br />Value of Part Taken <br />(Includes Land, Improvements and <br />Appurtenances Considered as Realty) <br /> <br />Damages If any, to Remainder <br /> <br /> Benefits if any to Remeinder <br /> <br />TOTAL <br /> <br /> Less Retention Value(s) Item U <br />TOTAL (After Retention of Improvements) <br /> <br /> STATE ACQUIRES IMPROVEMENTS <br /> <br />$. 2,200.00 <br /> <br />$ 0 <br /> <br />$ 0 Minus <br /> <br />$ 2~200.00 <br />$ 0 <br /> <br />Minus <br /> <br />$ 2,200.00 <br /> <br />The total offer includes all interests other than leases involving Federal Agencies and <br />Tenant owned improvements. <br /> <br />(A) Description of the land and effects of the acquisition by easement (x) and deed ('); <br />Being that same tract of land as recorded in Hook 86. 288, in the Mecklenburg County <br />Registry, from which Is to be acquired the following approximate area: Subject property <br />contains 22.8 acres of which 940 sq. ft. is to be acquired for a permanent drainage <br />easement and 0.1000 acres for a temporary construction easement. <br /> <br />(E) The offer for Improvements considered as realty includes payment for the following <br />improvements and appurtenances: (1) 250 sq. ft. of asphalt paving; (2) 20 linear feet of <br />concrete curb and gutter. <br /> <br />(O) Should you desire to retain the improvements, considered as realty, deductions in the <br />total offer are listed as follows: N/A <br /> <br />(D) Should you desire to sell the Department the portion of your property considered to <br />be an uneconomic remnant, as explained to you by the Right of Way Agent, the total offer <br />would be $ N/A <br /> <br />I will be available at your convenience to discuss this matter further with you. My <br />telephone number ia Area Code 704-982-9181, Albemarle. N. C. <br /> <br />The original of this form was handed to %~ ' L;~/~, <br />on ;~'~_ 23 . 19~3 . owner was furnished a copy of the Right of Nay Brochure. <br /> <br />T, R. FU~ RIGHT OF~Y AGENT <br /> <br />NORTH CAROLINA DEPARTMENT OF TRANSPORTATION <br />R/N FORM 10.211 <br /> <br /> <br />