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<br />This formula covers degradation for depreciation caused by intrusion into the right-of-way. The <br />depreciation applies to the original surface ofthe right-of-way and to the overlays and seal-coats <br />applied to the surface. The formula includes life expectancy schedules for each and has <br />estimated cost per square yard based on the right-of-way surface required for different levels of <br />traffic. This formula creates a degradation fee which is determined by the cost per square yard <br />for street, overlay, and seal-coat, multiplied by the depreciation schedule, multiplied by the area <br />of the street patch. <br /> <br />Degradation Fee: (Cost per Square Yard for Street, Overlay, and Seal-coat x Depreciation <br />Schedule Rates) x Area of Street Patch = Degradation Fee. <br /> <br />16 <br />