Federal Land Acquisition Information Public Meeting Presentation Griffin-Spalding Airport
-
Upload
city-of-griffin -
Category
Documents
-
view
224 -
download
0
Transcript of Federal Land Acquisition Information Public Meeting Presentation Griffin-Spalding Airport
-
8/6/2019 Federal Land Acquisition Information Public Meeting Presentation Griffin-Spalding Airport
1/25
Land Acquisition andRelocation
ProcessPresented by:
Joe A. Carroll, President
-
8/6/2019 Federal Land Acquisition Information Public Meeting Presentation Griffin-Spalding Airport
2/25
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
-
8/6/2019 Federal Land Acquisition Information Public Meeting Presentation Griffin-Spalding Airport
3/25
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
-
8/6/2019 Federal Land Acquisition Information Public Meeting Presentation Griffin-Spalding Airport
4/25
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
Land Acquisition/Relocation
-
8/6/2019 Federal Land Acquisition Information Public Meeting Presentation Griffin-Spalding Airport
5/25
Brochure
Land Acquisition/Relocation
Brochure
-
8/6/2019 Federal Land Acquisition Information Public Meeting Presentation Griffin-Spalding Airport
6/25
Preliminary Services
Title Exams
Phase I Environmental Inspections
Boundary Line Surveys
Appraisals
Review Appraisals
Comparable Housing Determinations
Land Acquisition/Relocation
-
8/6/2019 Federal Land Acquisition Information Public Meeting Presentation Griffin-Spalding Airport
7/25
Land Acquisition/Relocation
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.
-
8/6/2019 Federal Land Acquisition Information Public Meeting Presentation Griffin-Spalding Airport
8/25
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)
Land Acquisition/Relocation
-
8/6/2019 Federal Land Acquisition Information Public Meeting Presentation Griffin-Spalding Airport
9/25
Land Acquisition/Relocation
Owner Occupant
RELOCATION BENEFITS
Eligibilitya) 180 Day Owner Occupant
b) 90 Day Owner Occupant
Price Differential Payment
Closing Costs
Mortgage Differential Payment
Moving Expenses
-
8/6/2019 Federal Land Acquisition Information Public Meeting Presentation Griffin-Spalding Airport
10/25
Land Acquisition/Relocation
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.)
-
8/6/2019 Federal Land Acquisition Information Public Meeting Presentation Griffin-Spalding Airport
11/25
Land Acquisition/Relocation
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).
-
8/6/2019 Federal Land Acquisition Information Public Meeting Presentation Griffin-Spalding Airport
12/25
Land Acquisition/Relocation
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.)
-
8/6/2019 Federal Land Acquisition Information Public Meeting Presentation Griffin-Spalding Airport
13/25
Land Acquisition/Relocation
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.
-
8/6/2019 Federal Land Acquisition Information Public Meeting Presentation Griffin-Spalding Airport
14/25
Land Acquisition/Relocation
Owner Occupant
RELOCATION BENEFITS
Moving Costsa) Fixed
Based on room schedule.
b) Commercial
Based on the lowest bid from two commercial movingcompanies.
-
8/6/2019 Federal Land Acquisition Information Public Meeting Presentation Griffin-Spalding Airport
15/25
Uniform Relocation Assistance and Real Property Acquisition Policies Act, as amendedFIXED MOVING COST SCHEDULE
-
8/6/2019 Federal Land Acquisition Information Public Meeting Presentation Griffin-Spalding Airport
16/25
Land Acquisition/Relocation
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
-
8/6/2019 Federal Land Acquisition Information Public Meeting Presentation Griffin-Spalding Airport
17/25
Land Acquisition/Relocation
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.
-
8/6/2019 Federal Land Acquisition Information Public Meeting Presentation Griffin-Spalding Airport
18/25
Land Acquisition/Relocation
Tenant Occupant
RELOCATION BENEFITS
Rent Supplement Payment
Moving Expenses
(Same benefit as an Owner Occupant.)
-
8/6/2019 Federal Land Acquisition Information Public Meeting Presentation Griffin-Spalding Airport
19/25
Land Acquisition/Relocation
Tenant Occupant
RELOCATION BENEFITS
Rent Supplement Payment
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.
-
8/6/2019 Federal Land Acquisition Information Public Meeting Presentation Griffin-Spalding Airport
20/25
Land Acquisition/Relocation
Rent Supplement Payment
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.)
-
8/6/2019 Federal Land Acquisition Information Public Meeting Presentation Griffin-Spalding Airport
21/25
Land Acquisition/Relocation
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.
-
8/6/2019 Federal Land Acquisition Information Public Meeting Presentation Griffin-Spalding Airport
22/25
Land Acquisition/Relocation
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
-
8/6/2019 Federal Land Acquisition Information Public Meeting Presentation Griffin-Spalding Airport
23/25
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
-
8/6/2019 Federal Land Acquisition Information Public Meeting Presentation Griffin-Spalding Airport
24/25
QUESTIONS?
Land Acquisition/Relocation
-
8/6/2019 Federal Land Acquisition Information Public Meeting Presentation Griffin-Spalding Airport
25/25
Land Acquisition/Relocation