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� CMT <br /> MEMORANDUM <br /> TO: Matt Newell, City of Decatur <br /> FROM: Ambra Knox, C.M. <br /> CC: Pat Holtrop <br /> DATE: July 31, 2019 <br /> SUBJECT: Parcel 54_Jeremy Szczelaszczyk_3915 Faries Parkway 'i <br /> As there are federal dollars in the Brush College Road improvement program, the , <br /> Uniform Relocation Assistance and Real Property Act (Uniform Act) must be adhered to <br /> when acquiring the necessary property and relocating businesses, personal property <br /> and residences. ' <br /> Per the Uniform Act, Mr. Szczelaszczyk's property was appraised and the Fair Market <br /> Value (FMV) was determined to be $69,000. This appraisal was then sent to an <br /> independent review appraiser who concurred with the value. Per regulations, the City <br /> then made an offer to Mr. Szczelaszczyk for the appraised value of$69,000. Through <br /> negotiations, a settlement of$80,000 was reached. This represents an increase of <br /> approximately 16% over the offer value. When considering the expense of continued <br /> negotiations, potential re-appraising, court costs, and other associated expenses if this � <br /> parcel were to go through eminent domain proceedings for acquisition, it seems prudent ; <br /> and fiscally responsible to settle at the negotiated amount. <br /> Per the Uniform ACT, Mr. Szczelaszczyk is also entitled to relocation benefits. These <br /> benefits provide reimbursement for moving expenses not only to the owner who has '� <br /> personal property in the building, but also to his three tenants. There are rules, <br /> regulations and oversight for them to be able to claim these benefits and this has been <br /> explained to each of the tenants, as well as the owner. CMT is estimating an additional <br /> $10,000 per unit to move the personal property/contents and dispose of items in an <br /> environmentally safe and lawful manor, as needed. � <br /> Therefore, the total cost of acquiring this Parcel is estimated to be: � <br /> Real Estate (negotiated price)— $80,000 <br /> Relocation ($10,000/owner & 3 tenants) - 40 000 <br /> TOTAL $120,000 <br />