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

Its Role in Expediting Project Delivery

A Minor

• r Acq

cquisition R Review ( (MAR) ) is an an estimate of

• f j

just com compensation tot

• tal

aling l g less than an $25,000 i invol

• lvi

ving a a no non-complex a acq cquisition an and bas ased upon

• n loc
• cal 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

• n 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

• n

n Au Augus ust 1 10th

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 8th

th, 2011

2011

• R/W C

Clearance L e Letter er W Written en o

• n Septem

ember ber 2 20th

th,

, 2011 2011 f for an October 21 r 21st

st, 2011 L

, 2011 Letting D Date

• R/

R/W Au Authoriz ized o

• n

n June ne 2 22nd

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 20th

th, 2012 f

, 2012 for Upco pcoming O Oct ctob

• ber 19th

th, 2012 L

2012 Letting

• $40,000,000 C

Construction P Project

• 52 Tot
• tal 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 15th

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 15th

th, 2013

2013 Le Letting D ng Date

 Range of Values  Calculation  Record of Contacts  Appraisal Waiver Form  Photos  Parcel Summarization

Elements of the MAR Process