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July 27, 2020 <br />FM Area Diversion Project <br />Property Negotiation Summary <br />July 27, 2020 <br />Owner Mary K. Adams <br />Address 2109 9th Street S, Moorhead, MN 56560 <br />Property Location Diversion Channel - Cass County, ND <br />Property Type Agriculture <br />OIN 1201 <br />Land Firm & Land Agent SRF - Ken Helvey <br />Property Need <br />The parcel is within the Diversion Channel associated with the Project. The Diversion Authority is required <br />to obtain the parcel for the channel. The Diversion Authority desires 44.65 acres of this property for <br />Land/Site Taking. <br />Valuation and Negotiation Summary: <br />Appraisal Value / Date $517,000 dated July 18, 2019 (formal offer letter) <br /> 44.65 acres Land/Site Taking $11,500/acre = $513,475 <br /> Contributory value of shed = $3,300 <br />Counteroffer N/A <br />Purchase Agreement $- <br />Negotiation Notes <br />Lisa Kilde and Ken Helvey have spoken with Mary regarding the offer to purchase for OIN 1201. <br />As well as her representative Andy Westby. <br />• The owner is considering a counter proposal from SRF that increases the value of the trees. <br />• Formal Offer Sent 1/3/20 <br /> <br />Page 4 of 34 08/03/2020