Ohio Department of Transportation www.transportation.ohio.gov John R. Kasich, Governor Jerry Wray, Director Real Estate Overview Matt Kouskouris, Division.

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Presentation transcript:

Ohio Department of Transportation John R. Kasich, Governor Jerry Wray, Director Real Estate Overview Matt Kouskouris, Division of Engineering, Office of Real Estate October 13, 2015

2

3 Overview 1.Introduction 2.Eminent Domain Authority 3.What is ODOT Real Estate? 4.Process

4 History 1790 – 5 th amendment …nor shall private property be taken for public use, without just compensation – The Uniform Act Established rules of eminent domain Ohio Revised Code – section 163 Ohio Law for eminent domain

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6 What does ODOT Real Estate do? Acquire Right of Way Property Management Utility Relocation Training

7 ODOT RE Program Right of Way (R/W) required 2013/2014 5,019 parcels acquired $151,998,106

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9 How do we acquire Right of Way? Title Report Introductory letter Appraisal Process Relocation Negotiation Closing/Appropriation

10 Title Report Highway plans are completed Who do we offer compensation to?

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12 Introductory Letter Owner notified of the project in writing When ODOT needs your property booklet

13 Appraisal Process Real Property vs. Personal Property Estimating Compensation The Value of the Part Taken + Damages to the Residue, if any + Value of Temporary Easements The Compensation Estimate

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15 Relocation People, Businesses and their Personal Property Payments and benefits can include: Moving expense payments Supplemental payments for replacement Rental assistance payments Reestablishment expenses Search expenses Economic Loss and Loss of Goodwill

16 Negotiation

17 Negotiation Initial offer Negotiator presents: Title report – verify accuracy Appraisal NIAGFO Plans Plan letter Instruments W-9 form/VIF form

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20 Closing/Appropriation If agreement is reached: Close the transaction by: Disbursing funds Recording the Instrument If agreement is not reached: Money deposited into court Quick Take Authority

21 Summary Acquisition Process is heavily regulated. Title Report Introductory letter Appraisal Relocation Negotiation Closing/Appropriation

22 Any Questions?