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October 26, 2020 <br />FM Area Diversion Project <br />Negotiation Summary <br />October 26, 2020 <br />Owner Doris Krogh, Life Estate <br />James Krogh, Remainder (525 & 882) <br />Nancy Krogh, Remainder (886 & 8938) <br />Mailing Address 9610 76th Ave N, Harwood, ND 58042 <br />Property Location Diversion Channel <br />Property Type Agriculture <br />OIN 525 882 886 8938 <br />Land Agent Ken Helvey - SRF <br />Landowner Representative None <br />Property Need <br />The parcels are within the Diversion Channel area associated with the Project. The Diversion <br />Authority is required to obtain a portion of the parcels for the Diversion Channel. <br />Valuation and Negotiation Summary: <br />Appraisal Value / Date $1,053,576 – 7/12/19 <br /> Parcel Acres Per Acre Indicated Value <br /> 525 - Fee 29.87 $5,800 $173,246 <br /> 882/8938 - Fee 71.18 $5,800 $412,844 <br /> 882/8938 - Severance $77,784 <br /> 886 - Fee 67.19 $5,800 $389,702 <br />Counteroffer Desires land to be replaced- no cash counteroffer received <br />Miscellaneous Provisions <br />• Landowner has significant concerns over flooding and how property will be impacted in <br />the “after” project condition. This Board, Moore Engineering and SRF have had many <br />discussions with the Krogh’s regarding these issues. <br />• The owners desire a land swap. <br />• They are proposing a swap of the project required acres of their 4 parcels for 3 project- <br />owned remnant parcels shown in the chart below. <br />• The owners’ proposal creates a proposed “swap” of 1.75 acres to 1. <br /> <br /> <br />Page 4 of 48 11/02/2020