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INCENTIVE PAYMENTS. AGENDA. Incentive Payments FHWA Memorandum FHWA Policy FHWA Guidance Pilot State’s Idaho Questions. Incentive payments, what are they, and what are the benefits. To reduce overall project delivery times . Expedite the project Motivate the property owner
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AGENDA Incentive Payments FHWA Memorandum FHWA Policy FHWA Guidance Pilot State’s Idaho Questions
Incentive payments, what are they, and what are the benefits
To reduce overall project delivery times Expedite the project Motivate the property owner Result in cost savings Savings in project construction
V. Benefits to the traveling public VI. Payment over and above the just compensation offer
FHWA Memorandum I. April 26, 2006 II. Policy III. 23 CFR 710.203(b)(2)(ii) IV. Implementation
General Guidance Permissible under State law Availability of DSS dwelling units Increasing Right-of-Way costs Propriety of using Incentive Payments Public interest finding
Pilot State’s Indiana Department of Transportation Idaho Transportation Department
Purpose of the law I. Expedite the acquisition of right-of-way
Program Guidelines I. Assess the cost/benefit II. Preparation of an Incentive plan III. Estimate the cost effectiveness
Program Guidelines IV. Advanced Acquisition V. Final cost comparison
Acquisition Incentive Plan I. Within 30 calendar days II. Extension period III. Modification of acceptance period
Administrative Settlement Separate offer 30 day acceptance period
Purpose of the policy Expedite the acquisition of right-of-way
Program Guidelines Assess the cost/benefit Determine the Incentive Program’s propriety Analyze the project specifics Advanced Acquisition Final cost comparison
Acceptance Period Within 45 calendar days Extension period
Administrative Settlement Separate offer 45 day acceptance period
Best Practices Early Involvement Property owner involvement Appraisal process