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<br />~ <br />L;;..7..-. <br />Form ROW-A-6 <br />Rev. 4/2003 <br />GSD-EPC <br />PAGE50F5 <br /> <br />ESTIMATED VALUE OF ACQUISITION <br /> <br />The purpose of this acquisition is for a temporary construction easement. The temporary construction easement will be <br />utilized for a two year period to widen Lamar Avenue within existing right-of-way. It is our opinion that this temporary <br />construction easement is, in effect, being rented for two years. As a consequence, it is our opinion the best technique <br />utilized to determine appropriate value for the two year temporary use of the land would be to determine the typical rate of <br />return required by a property owner when leasing property. A rate of 10% annually is considered appropriate for the <br />subject property. A period of two years has been considered. Utilizing these value estimates, total just compensation due <br />to the property owner is completed as follows: <br /> <br />Land: 0.024 Ac. (1,035 SF) @ $3.50/SF x 20% (10% X 2 years) <br /> <br />$ <br /> <br />725 <br /> <br />Improvements: <br /> <br />$ <br /> <br />o <br /> <br />Total Improvements <br /> <br />$ <br /> <br />o <br /> <br />TOTAL ESTIMATED VALUE ...................................................................................................................$ <br /> <br />725 <br /> <br />COST TO CURE DAMAGES ....................................................................................................................$ <br /> <br />o <br /> <br />Estimated Total Compensation.............. ......... ............ ................................... ....... ............ ............. ...... ....$ <br /> <br />725 <br /> <br />Furnish comments on attachments as necessary. <br /> <br />Page 5 <br />