Federal Land Acquisition Information Public Meeting Presentation Griffin-Spalding Airport

8/6/2019 Federal Land Acquisition Information Public Meeting Presentation Griffin-Spalding Airport

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Land Acquisition andRelocation

ProcessPresented by:

Joe A. Carroll, President


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Uniform Relocation Act (URA)49 CFR Part 24

Uniform Relocation Assistance and RealProperty Acquisition for Federal and

Federally-Assisted Programs; Final RuleJanuary 4, 2005

Land Acquisition/Relocation


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Public Meetings

Boundary LineSurveys

Phase I Env.Inspections

Title Exams

Appraisals

Review Appraisals

Comparable HousingDeterminations

Close Land Acquisition

Offers / Negotiations

Relocation

Land Clearance

Initial Interviews

Land Acquisition Program Process


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Initial Interviews

Onsite Discussions Of Program w/Property

Owner

Provide Brochure

Land Acquisition For Public Airports

Property Owner Sign For Receipt For Brochure

Right of Entry Form Answer Property Owner Questions

Initiate Preliminary Services



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Brochure


Brochure


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Preliminary Services

Title Exams

Phase I Environmental Inspections

Boundary Line Surveys

Appraisals

Review Appraisals

Comparable Housing Determinations



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PROGRAM BENEFITS

Fair Market Value (FMV)

The most probable price which a property should bring in a

competitive and open market under all conditions requisiteto a fair sale, the buyer and seller, each acting prudently,knowledgeably and assuming the price is not affected byundue stimulus.

Relocation Assistance

a) Owner Occupant - Maximum $22,500.00.

b) Tenant Occupant - Maximum $5,250.00.


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Establishing FMV

Appraisers Opinion

Review Appraisers Opinion

Written Offer To Property Owner Decisions

Accept The FMV Offer

Counter Offer w/Support

Agency Accepts Or Denies Counter OfferAgency Accepts (Administrative Settlement)

Agency Denies (Eminent Domain)



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Owner Occupant

RELOCATION BENEFITS

Eligibilitya) 180 Day Owner Occupant

b) 90 Day Owner Occupant

Price Differential Payment

Closing Costs

Mortgage Differential Payment

Moving Expenses


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Owner Occupant

RELOCATION BENEFITS

Price Differential PaymentThe difference between the Cost of Comparable

Housing and Fair Market Value.

(90 Day Owner Occupants would not be eligible toreceive this benefit.)


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Price Differential Payment

Example:

Cost ofComparable Housing $50,000.00

Fair Market Value - 40,000.00

Price Differential Payment $10,000.00

Receipt of the entire amount, $50,000 in this example, is dependentupon the purchase of a decent, safe and sanitary replacement home of

$50,000.00 or more.

You may purchase any property you desire, so long as you spend theentire amount, $50,000 in this example.

In this example, if you purchase a property for $48,000, then your PriceDifferential Payment would only be $8,000 (you must spend it to get it).


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Owner Occupant

RELOCATION BENEFITS

Closing CostsAll reasonable closing costs necessary on the purchaseof a replacement home.

(Certain closing costs may not be eligible ifa

homeowner obtains amortgage for the purchase ofa replacement house, if they did not have amortgage on the acquired dwelling.)


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Owner Occupant

RELOCATION BENEFITS

Mortgage Differential Payment

The difference between the existing interest rate and thenew interest rate amortized for the remaining term of theexisting loan.


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Owner Occupant

RELOCATION BENEFITS

Moving Costsa) Fixed

Based on room schedule.

b) Commercial

Based on the lowest bid from two commercial movingcompanies.


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Uniform Relocation Assistance and Real Property Acquisition Policies Act, as amendedFIXED MOVING COST SCHEDULE


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Summary of Benefits

180 Day Owner Occupant

(Example only)

Market Value $40,000.00

Price Differential Payment $10,000.00

Closing Costs $ 1,500.00

Moving Costs $ 1,000.00

Total Benefit $52,500.00


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Tenant Occupant

RELOCATION BENEFITS

Eligibility

The Ownermustsell the property in order for a Tenantto be eligible to participate.

The Tenantmusthave occupied the property 90 daysprior to the initiation of negotiations in order to receiveallbenefits.


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Tenant Occupant

RELOCATION BENEFITS

Rent Supplement Payment

Moving Expenses

(Same benefit as an Owner Occupant.)


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Tenant Occupant

RELOCATION BENEFITS


The difference between the cost to rent a replacement

dwelling and the cost to rent the existing dwelling for aperiod of forty-two (42) months.


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Maximum $5,250.00

Example:

Cost ofComparable Housing (rent) $ 300.00

Existing Rent Rate - 200.00

Rent Differential $ 100.00

42 months x 42

Rent Supplement Payment $4,200.00

(Receipt of the entire amount is dependent upon the rental of adecent, safe and sanitary replacement dwelling for $300.00 permonth or more.)


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Tenant Occupant

RELOCATION BENEFITS

Down Payment Assistance

Should a Tenant elect to purchase a replacement

dwelling, the maximum benefit of $5,250.00 can beapplied to the down payment and/or closing costs. Theentire amountmust be spentin order to receive the fullbenefit amount.


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Summary of Benefits

90 Day Tenant Occupant

(Example only)

Rent Supplement Payment $4,200.00

Moving Costs $1,050.00

Total Benefit $5,250.00


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Public Meetings

Boundary LineSurveys

Phase I Env.Inspections

Title Exams

Appraisals

Review Appraisals

Comparable HousingDeterminations

Close Land Acquisition

Offers / Negotiations

Relocation

Land Clearance

Initial Interviews

Land Acquisition Program Process


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QUESTIONS?



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Documents

Federal Land Acquisition Information Public Meeting Presentation Griffin-Spalding Airport