Common use of THE ESTATE OR INTEREST NEEDED Clause in Contracts

THE ESTATE OR INTEREST NEEDED. The estate(s) or interest(s) needed is/are as follows (indicated by an “X”): Fee interest (new right-of-way) Square Feet Underlying fee interest (existing rights-of-way) Square Feet Easement (new right-of-way) Square Feet Easement Square Feet Temporary Construction Easement Square Feet Square Feet C. THE OFFER AS JUST COMPENSATION, AND BREAKDOWN The amount offered represents just compensation, and is the result of a review and analysis of an appraisal made by a certified real estate appraiser. If only part of the property is needed, full consideration has been given to the value of the remaining property, including items requiring compensation on a “cost-to-cure” basis, if any. The analysis of the remaining property takes into account the effect of the acquisition of the land needed, and the establishment and construction of the project. A breakdown of the offer is as follows: Land (including improvements) $ Severance Damages to remaining property $ (possible on partial acquisitions only) “Cost-to-Cure” compensation involving a facility or $ component on the remaining property $ Total Just Compensation $ Project: Section: Parcel: 1 – 3