Laserfiche WebLink
<br />.+ <br /> <br />..--. <br /> <br />Sheyenne River Property north of Cass 6 Box Culvert Discussion 5/15/2002 <br /> <br />Background: <br /> <br />o Cass County replaced a bridge over the Sheyenne River with a box culvert in 1992. <br /> <br />o Additional sheet piling was installed in 1998 curtail erosion that was occurring immediately <br />downstream from box culvert <br /> <br />o Residential property downstream from box has experienced significant bank erosion in recent <br />years and erosion is currently threatening one home. <br /> <br />o Culvert doesn't appear very well aligned with the channel. This gives the appearance that the <br />culvert could be contributing to the bank erosion by directing the water toward the bank. <br /> <br />Issues: <br /> <br />o The current residents purchased the home in 2001 and would like the County to purchase the <br />home due to the bank erosion. <br /> <br />o If and what obligation the County has to property owners. <br /> <br />Options: The estimated costs of the options are verv roue:h costs. The property has not been appraised <br />and potential home sales price in "as is" condition is really a guess. The current owners reported that they <br />purchased the house in 2001 for approximately $160,000. <br /> <br />Option #1 Repair Bank with current owners remaining <br />Cost: $50,000 - $100,000 repair cost, say $75,000 <br />Owners would loose many trees, potential damages settlement <br />= $75.000 total <br /> <br />Option # 2 Buy House <br /> <br />Option #2A: Buy house and sell to be removed and allow bank to continue to erode <br />Cost: $160,000 minus any salvage value of house - estimate $40,000. <br />= $120.000 total <br /> <br />Option #2B: Buy House, repair bank and sell house/lot to new residents after repair <br />Cost: $160,000 purchase of house, $75,000 repair, minus resale afterrepairs $140,000. <br />= $95.000 total <br /> <br />Option #2C: Buy house and sell house/lot "as is" to new owners at reduced cost <br />Cost: $160,000 minus "as is" sales price say $100,000 <br />= $60.000 total. <br /> <br />Option #3 Current owners sell property themselves "as is" with appropriate release <br />language, County pays owners to difference between 2001 purchase price and current sales <br />price. $160,000 - $100,000 <br />= $60.000 total <br /> <br />Option #4 Do nothing <br /> <br />Cost: lost good will and potential damages settlement <br />J:\Admin-Eng\Commission Corrsp\2002 Commission Correspondence\Sheycnner Property at Cass 6 Box Culvert.doc <br />