2010 cdbg recipients’ workshop acquisition “the uniform relocation assistance and real property...
TRANSCRIPT
![Page 1: 2010 CDBG Recipients’ Workshop ACQUISITION “The Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970”](https://reader038.vdocuments.net/reader038/viewer/2022110211/56649ecf5503460f94bdc0ae/html5/thumbnails/1.jpg)
2010 CDBG Recipients’ Workshop
ACQUISITION
“The Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970”
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Page 22010 CDBG Recipients’ Workshop
5 BASIC STEPS TO ACQUISITION
1. NOTIFY property owner of intention to acquire property
2. NOTIFY property owner & tenants of their “URA Protections”
3. DETERMINE “Just Compensation” (FMV)
4. OFFER Just Compensation
5. COMPLETE sale as expeditiously as possible
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Page 32010 CDBG Recipients’ Workshop
Step 1. Notify Property Owner ofIntention to Acquire Property
• This is a PRELIMINARY acquisition notice
• “Notice of Interest” or “Notice of Intent to Acquire”
• Optional: “Statement of Owners Determination”
• Sample letter available upon request
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Page 42010 CDBG Recipients’ Workshop
Step 2. Notify Property Owner & Tenants of their URA Protections
• Essential: Send the HUD Brochure with the Notice of Intent! (see Step 1)
• It’s called “When a Public Agency Acquires your Property”
• It can be found at the following site: http://www.hud.gov/offices/cpd/library/relocation/publications/1041.pdf
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Page 52010 CDBG Recipients’ Workshop
Step 3. Determine “Just Compensation”
• Just Compensation = Fair Market Value (FMV)…
• Requires Appraisal and a Review Appraisal
• Unless…simple acquisition < $10,000.00
• Qualifications for Appraisers found in URA regulation
• Administrative Settlement Exceptions…
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Page 62010 CDBG Recipients’ Workshop
Step 3, “Just Compensation” continued
For simple acquisitions < $10,000:
• Appropriate valuation methodology must be used (tax records, for example)
• Owner still has right to appraisal
For Property Donations:
• Owner must be informed of appraisal & just compensation rights
• Waiver must be provided by owner in writing (use HUD Form)
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Page 72010 CDBG Recipients’ Workshop
Step 4: Offer Just Compensation
• “Notice of Just Compensation and Summary Statement”
• This is a written purchase offer
• Must summarize basis for the offer, including…
i. Property Description
ii. ID of any bldgs, equipment & fixtures included
(again - samples available)
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Page 82010 CDBG Recipients’ Workshop
Step 5: Complete Sale ASAP
• Consider community meeting if large # of easements or ROW’s are needed
• Consider “Face-to-Face”
• Agency must consider owner’s viewpoints & may update appraisal as a result
• All property transfer costs must be paid by agency
• Deed should be filed at courthouse
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Page 92010 CDBG Recipients’ Workshop
We will monitor your file for…• List of Acquired Properties
• Evidence that all Notices were Sent
• Copies of Any Waivers
• Copy of Appraisal & Review Appraisal
• Property Description
• Closing or Settlement Statement
• Evidence of Payment
• Evidence of Property Transfer & Copy of Deed
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Page 102010 CDBG Recipients’ Workshop
Web Resources
• http://www.hud.gov/offices/cpd/library/relocation/index.cfm
• http://www.fhwa.dot.gov/realestate/ua/index.htm
• http://www.hud.gov/offices/cpd/library/relocation/publications/1041.pdf (“When a Public Agency Acquires Your Property” Brochure)
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Page 112010 CDBG Recipients’ Workshop
Rick Huber
Email: [email protected]
Voice: (404) 679-3174
Fax: (404) 679-0565
Pam Truitt
Email: [email protected]
Voice: (404) 679-5240
Fax: (404) 679-0565