Laserfiche WebLink
Minimum Damage Acquisition Report <br />Owners: Edward L. Thill <br />Page 3 <br /> <br />P:\Admin\Council\Agendas & Packet Information\2018\05-14-18-R\Sue\Floral Drive Easement\MDA - 1474 Floral Drive - Revised.docx <br />The comparable properties were located within 5 miles of the subject property. The median land <br />value of the comparable properties combined with the subject property is $136,089.00. The <br />median per square foot value of the comparable properties combined with the subject property is <br />$2.25 per square foot. <br /> <br />Items Damaged <br />The area affected by the drainage and utility easement is grass-covered and abutting an existing <br />delineated wetland area. The area of drainage and utility easement does include planted trees, is <br />not hard-surfaced and will be restored as part of the project. The trees will not be affected as a <br />result of the project. The drainage and utility easement will not impact the overall use of the <br />property. Therefore, no damages are valued. <br /> <br />Drainage and Utility Easement <br /> <br />The drainage and utility easement is not a fee purchase of land. The rights purchased are only <br />those contained within the easement document. A discount has been applied to the fee median <br />value established, as the use and enjoyment of the affected land will remain the same. <br /> <br />Summary of Damages <br />Acquired: <br />Permanent Drainage and Utility Easement; <br />• 8,245 SF x $2.25 x 50% $9,275.63 <br />Site Improvements None $000.00 <br />Items Damaged: None $000.00 <br />Access Not Taken $000.00 <br /> <br /> Total Damages Rounded $9,300.00 <br /> <br />