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