NID RW Acquisition Process Project design indicates needed parcel or - - PowerPoint PPT Presentation

NID RW Acquisition Process

• Project design indicates needed parcel or easement areas:
• Independent appraisal to determine “Just

Compensation”

• “Written Offer” to owner
• Discussion with owners
• Address owner’s project concerns
• Owner contemplates offer and consults advisors
• Owner may obtain 2nd appraisal – NID to reimburse

NID RW Acquisition Process

• If offer is not accepted, owner will have opportunity to

review concerns to committee and Board of Directors.

• Committee and Board of Directors will focus on these

issues:

• Necessity of the project;
• Project designed for greatest public good with the

least private harm;

• Proposed acquisition is needed for the project;
• Offer process has been followed.

NID RW Acquisition Process

• Anticipated timeline for acquisitions
• Appraisal Reports complete – June 2013
• “Written Offer” to owner – July 2013
• Owner’s discussions with RW Agent, Review and 2nd

appraisal ‐ August/September 2013

• Acquisitions completed – September/October 2013