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The Uniform Relocation Assistance and Real Property Acquisition Policies Act

The Uniform Relocation Assistance and Real Property Acquisition Policies Act. ACQUISITION. “The Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970”. 5 BASIC STEPS TO ACQUISITION. NOTIFY property owner of intention to acquire property

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The Uniform Relocation Assistance and Real Property Acquisition Policies Act

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  1. The Uniform Relocation Assistance and Real Property Acquisition Policies Act

    September 5-6, 2013
  2. ACQUISITION “The Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970” September 5-6, 2013
  3. 5 BASIC STEPS TO ACQUISITION NOTIFY property owner of intention to acquire property NOTIFY property owner & tenants of their “URA Protections” DETERMINE “Just Compensation” (FMV) OFFER Just Compensation COMPLETE sale as expeditiously as possible September 5-6, 2013
  4. Step 1. Notify Property Owner ofIntention to Acquire Property This is a PRELIMINARY acquisition notice “Notice of Interest” or “Notice of Intent to Acquire” Sample letter available upon request September 5-6, 2013
  5. Step 2.Notify Property Owner & Tenants of their URA Protections Essential: Send the HUD Brochure with the Notice of Intent! (see Step 1) It’s called “When a Public Agency Acquires your Property” It can be found at the following site: http://www.hud.gov/offices/cpd/library/relocation/publications/1041.pdf September 5-6, 2013
  6. Step 3. Determine “Just Compensation” Just Compensation = Fair Market Value (FMV)… Requires Appraisal and a Review Appraisal Unless…simple acquisition < $10,000.00 Qualifications for Appraisers found in URA regulation Administrative Settlement Exceptions… September 5-6, 2013
  7. Step 3, “Just Compensation” continued For simple acquisitions < $10,000: Appropriate valuation methodology must be used (tax records, for example) Owner still has right to appraisal For Property Donations: Owner must be informed of appraisal & just compensation rights Waiver must be provided by owner in writing (use HUD Form) September 5-6, 2013
  8. Step 4: Offer Just Compensation “Notice of Just Compensation and Summary Statement” This is a written purchase offer Must summarize basis for the offer, including… Property Description ID of any bldgs, equipment & fixtures included (again - samples available) September 5-6, 2013
  9. Step 5: Complete Sale ASAP Consider community meeting if large # of easements or ROW’s are needed Consider “Face-to-Face” contact Agency must consider owner’s viewpoints & may update appraisal as a result All property transfer costs must be paid by agency Deed should be filed at courthouse September 5-6, 2013
  10. We will monitor your file for… List of Acquired Properties Evidence that all Notices were Sent Copies of Any Waivers Copy of Appraisal & Review Appraisal Property Description Closing or Settlement Statement Evidence of Payment Evidence of Property Transfer & Copy of Recorded Deed September 5-6, 2013
  11. Web Resources http://www.hud.gov/offices/cpd/library/relocation/index.cfm http://www.fhwa.dot.gov/realestate/ua/index.htm http://www.hud.gov/offices/cpd/library/relocation/publications/1041.pdf (“When a Public Agency Acquires Your Property” Brochure) September 5-6, 2013
  12. Mike Casper Email: michael.casper@dca.ga.gov Voice: (404) 679-0594 Pam Truitt Email: pam.truitt@dca.ga.gov Voice: (404) 679-5240 September 5-6, 2013
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