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1997-004-RES WHEREAS, CITY COUNCIL DID HERETOFORE IN 037
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1997-004-RES WHEREAS, CITY COUNCIL DID HERETOFORE IN 037
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8/18/2006 4:31:33 PM
Creation date
3/3/2006 10:17:03 AM
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CITY CLERK
Doc Name
1997-004-RES
Doc Type
Resolution
CITY CLERK - Date
1/13/1997
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<br />persons as defined in 49 CFR Part 24.2 (g). Documentation to support such <br /> <br />compliance must be maintained and must be made available to the State and its <br /> <br />representatives for review and inspections. The City shall secure and provide <br /> <br />easements over any other land, in addition to normal right-of-way as may be <br /> <br /> <br />indicated on the approved right-of-way map. The City will be responsible for any <br /> <br /> <br />additional right-of-way required for completion of the Project. <br /> <br /> <br />B. In the event the property is donated to the City after the date of State's <br /> <br /> <br />authorization, the City will provide all documentation to the State regarding the <br /> <br />value of the acquired property. The State will review the City I S appraisal of the <br /> <br />donated property to determine the fair market value and will either approve or <br /> <br /> <br />reject the same, in writing, within twenty (20) days of receipt of the same. If the <br /> <br /> <br />State does not reject the same within said twenty (20) day period, such appraisal <br /> <br /> <br />shall, for all necessary purposes, be deemed to have been approved. The fair <br /> <br /> <br />market value of donated right-of-way will be credited toward the City's financial <br /> <br />share of the cost of the Project. The City shall comply with the property donation <br /> <br />requirements established in Title 23 v.S.C. Section 323. <br /> <br /> <br />C. The State will not credit the fair market value of donated right-of-way toward the <br /> <br />City I S financial share of the cost of the Project, nor reimburse the City any <br /> <br />expenses associated with property acquisition, in the event the right-of-way was <br /> <br />acquired before execution of this agreement. The State will not reimburse the City <br /> <br />any funds for the fair market value of donated property, which exceeds the City's <br /> <br />financial share of the cost of the Project. This local share amount shall not exceed <br /> <br />4 <br />
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