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<br />3. Rural un-platted lands <br />a. Determine acreage to be purchased within the proposed project <br />boundaries <br />b. Develop basic data book of recent sales to determine average value <br />per acre of agricultural land to be used for cost update <br />4. Rural platted unoccupied lands <br />a. Determine the number of lots to be acquired within the proposed <br />project boundaries <br />b. Utilize Assessed Value times a factor to update potential costs <br />c. Start with 127% and verify based off professional judgement and <br />recent sales information <br />d. No Appraisals will be completed <br />5. Rural occupied homes and unoccupied structures (“farmsteads”) <br />a. Determine the number of farmsteads to be acquired within the <br />proposed project boundaries and with impacts greater than 3 feet in <br />staging area. <br />b. Determine and apply an average cost per farmstead to be acquired <br />based off of preliminary assessment of value <br />c. Determine and apply an average cost per farmstead to be protected <br />by levees or elevating for properties with impacts less than 3 feet in <br />staging area. <br />6. Commercial properties <br />a. Determine the number of businesses to be acquired within the <br />proposed project boundaries. <br />b. Determine values based off preliminary review by appraisal team for <br />each property being acquired. <br />7. Permanent easements <br />a. Prepare estimated range of flowage easements for land in the staging <br />area. <br />i. Option with stop gap insurance in place <br />ii. Option without stop gap insurance in place <br />8. Temporary construction easements <br />a. Use a fixed percentage of real estate purchase cost based on historical <br />numbers within the region <br />9. Anticipated relocation costs by property use <br />a. Use values based on recent hardship appraisals <br /> <br />iii. Update base maps with proposed project route to identify occupied farm sites and <br />unoccupied structures. <br />iv. Research flowage easement compensation practices and payment structures. <br />v. Coordinate with other firms assisting on the cost update. Up to two (2) independent <br />Appraisal firms may be developing portions of above scope under independent <br />contracts with the Diversion Authority . <br />vi. Prepare Draft Real Estate Opinion of Cost and Draft Summary Report outlining <br />procedures and methodologies used in developing the Draft Real Estate Opinion of Cost. <br />HMG_TO-06-A4_Long.docx 3