Its Role in Expediting Project Delivery A Minor or Acq cquisition - PowerPoint PPT Presentation

Its Role in Expediting Project Delivery

A Minor or Acq cquisition R Review ( (MAR) ) is an an estimate of of j just com compensation tot otal aling l g less than an $25,000 i invol olvi ving a a no non-complex a acq cquisition an and bas ased upon on loc ocal market d dat ata. a.

When NOT to use a MAR  Acquisition of a Major Improvement  Proximity Damages  Severances  Major Cuts or Fills  Loss of Parking  Any Other Applicable Damages

• 492 Total P Parcels I Iden entified as Minor nor Ac Acquisition on R Review • 478 478 of 492 P 492 Par arcels H Have ve Been Acqu cquire red • 97% 97% S Succ ccess ss R Rate

Parcels Valued at $10,000 or Less  Identify MAR parcels early by an experienced R/W agent  Determine Highest & Best Use of the properties  Search market data to find a range of value for each use  Get approval of the District R/W Supervisor for value ranges  Perform calculations for each parcel acquisition  Present offer in writing to property owners  Complete negotiations in reasonable time frame  Process parcels for payment once deed is signed  If negotiations unsuccessful, prepare for condemnation

Parcels Valued Between $10,000 and $25,000  Identify MAR parcels early by an experienced R/W agent  Determine Highest & Best Use of the properties  Search market data to find a range of value for each use  Get approval of the District R/W Supervisor for value ranges  Explain to property owners their option to choose between MAR valuation or an appraisal  If appraisal chosen, request parcel to be assigned to appraiser  If MAR chosen, request owner to sign appraisal waiver  Perform calculations  Present offer in writing to property owners  Complete negotiations in reasonable time frame  Process parcels for payment once deed is signed  If negotiations unsuccessful, prepare for condemnation

MARs can involve acquisition of improvements

 Cost Effective  Time Efficient  Creates Even Work Distribution  Get’s Project’s Truths/Facts to Public Sooner  Identifies Potential “Problem Parcels” Quickly  Exposes Newer Agents to Appraisal Processes  Builds Rapport & Honesty with Property Owners

 R/ R/W Au Authoriz ized o on n Au Augus ust 1 10 th th , 2011 2011  Al All 4 4 Parcels I s Ident ntified a as MAR ARs  All 4 4 Par arce cels A Acqu cquired b by y Sept ptember 8 8 th th , 2011 2011  R/W C Clearance L e Letter er W Written en o on Septem ember ber 2 20 th th , , 2011 2011 f for an October 21 r 21 st st , 2011 L , 2011 Letting D Date

 R/ R/W Au Authoriz ized o on n June ne 2 22 nd nd , 2012 2012  Al All 6 6 Parcels I s Ident ntified a as MAR ARs  All 6 6 Par arce cels A Acqu cquired b by y July 2 y 20 th th , 2012 f , 2012 for Upco pcoming O Oct ctob ober 19 th th , 2012 L 2012 Letting  $40,000,000 C Construction P Project

 52 Tot otal P Parcels ls  23 Parcels I Iden dentified a as s MARs  All 2 l 23 Parcels W Wer ere e Acquired  Sched eduled N d November er 1 15 th th , 2012 2012 Le Letting D ng Date

 100 100 To Total P Parcels  39 Parcels I Iden dentified a as s MARs  37 37 of 39 39 Parcels Were A Acqui uired  Schedu duled ed A April 1 15 th th , 2013 2013 Le Letting D ng Date

Elements of the MAR Process  Range of Values  Calculation  Record of Contacts  Appraisal Waiver Form  Photos  Parcel Summarization