Towne Road ROW Settlement - CB Towne Road pr 80 +T ID. 9\1 - oq-2l-00o -00l• 'aqg
111■
AMERICAN
---- ■ STRUCTUREPOINT
INC.
Lt,-.1 March 16, 2011
Ms. Katie Neville
City of Carmel
One Civic Square
Carmel IN 46032
Re: Towne Road Phase 11, Project#06-12
Parcel 19 Secured
Request for Check Processing
Dear Katie:
Enclosed is the file for the above-referenced project and parcel. The right of way has been
purchased for the amount of the approved appraisal.
After Mike McBride's review, please forward the enclosed check request and backup to Jill
Newport at CrossRoad Engineers for check processing. Attachments include:
CHECK
• Enclosed is the Accounts Payable Voucher and backup.
• After the check has been processed, please forward it to me for distribution to the owner
at 128 Torrey Pine Drive, Brownsburg, IN 46112.
RECORDING
• Structurepoint will record the appropriate transfer documents on behalf of the City after
delivery of the check to the property owner.
If you have any questions or need additional information, please let me know.
Best regards,
Sylvia"Skip" Tennancour
128 Torrey Pine Drive
Brownsburg IN 461 12
317-852-3193 phone
stennancour@structurepoint.com
7260 Sraduland Station Indianapolis, IN 46256-39E7. TEl 3.17.MY ',IOU IAX 11I I M5.02,70 wtwi Fin flirt foul torn 0
ADMINISTRATIVE SETTLEMENT
MEMORANDUM
TO: Steve Engelking,Director of Administration
City of Carmel
FROM: Stephen J. Klineman,Acquisition Specialist
Specialized Land Services, Inc.
DATE: March 9,2011
RE: Request for Administrative Settlement
Project 06-12
Parcel: 19
Owner(s): CB Towne Road LLC
We have pursued the attempted acquisition of the above subject parcel to the point where there is an
impasse with the owners in regard to the amount of just compensation,as well as design issues.
The City's"Fair Market Value"determination is$68,000.00.
The owner has agreed to settle for$80,000.00 and will accept nothing less.
We feel that it would be in the City's best interest to settle for the requested amount considering the cost
involved in litigation and the risk of an even greater court award.
We, therefore, recommend that the sum of$80,000.00 be awarded to the owners. The monetary amount
represents an increase of $12,000.00 over the original offer and is the most practical and economical
solution to this matter.
THIS RECOMMENDATION IS APPROVED:
Steve Engelking,Director of Administration Date
City of Carmel
CHECK REQUEST FOR SECURED PARCEL
PROJECT
PROJECT NAME: Towne Road, Phase II NUMBER: 06-12
PARCEL DATE OF
NUMBER: 19 REQUEST: 3��/Z a
MAKE CHECK PAYABLE TO: 03 Towne Road LLC
6430 Corwall Cr.
Indianapolis, IN 46256
ADDRESS:
AMOUNT OF CHECK: $80,000.00
PROPERTY OWNER SIGNATURE: X
PROPERTY OWNER SIGNATURE: X
Form Revised 11/12/03
Page 4
Project: 06-12 Parcel: 19
If you decide to accept the offer of$68,000.00* made by The City of Cannel, sign your name below and mail
this form to the address indicated above. An additional copy of this offer has been provided for your file.
ACCEPTANCE OF OFFER
I (We), C g 're(AnAct
land owner(s) of the above described property or interest in property,hereby accept the offer of
$68,000.00* made by The City of Cannel on this ch day of '4 N-A-Gk 20 r
*Original Offer Amount $68,000.00
+ Admin. Settlement $12,000.00
New Total $80,000.00
CB Towne Road LLC
By: By:
ftSignature Signature
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Printed Name and Title Printed Name and Title
NOTARY'S CERTIFICATE
STATE OF 'TNT t q j. )
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COUNTY OF N4mt t-.ToM
Subscribed and sworn to before me this 08 day of ‘-.."(Y1 Q.n,efk , 20
My commission expires: \`a , '� p t 15
My county of residence is: ;tan gl 112@
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(Signature) (�
Q.\C. to A • S-1CeSS a1 g
(Printed) Notary Public
t
os/oa ' STATEMENT OF THE BASIS FOR JUST COMPENSATION Project# 06-12
1. This is a written statement of, and summary of the basis for, the establishment of the amount believed to be, through a valuation
process,just compensation for the purchase of this right-of-way for highway purposes. The amount set forth in Item 5 below is not less
than the approved estimate of value. In accordance with Public Law 91-646 as amended, the"Uniform Act", and as codified in Indiana
at IC 8-23-17-1 through 8-23-17-35,this value disregards any decrease or increase in fair market value of the property prior to the date
of valuation caused by the public improvement for which the property Is acquired other than physical deterioration within reasonable
control of the owner.
2.The legal description of this acquisition is set forth In the instrument of conveyance in the following identified parcel and
this acquisition is identified in the Acquiring Agency's records as:
Project# 06-12 Parcel 19 Road Towne Road County Hamilton
Owner(s) Towne Road LLC,formerly CB Children Partnership
3.The area and type of interest being acquired: Fee Simple t 0.627 Net Acres+ PER @ 0.261 Acres -
The amount in Item 5 below includes payment for the purchase of all interests in the real property and no separately held
interest is being acquired separately in whole or part,except as may be explained In Item 8 below.
4.This acquisition is(Check one): a. ❑ A total acquisition of the real properly.
b. ® A partial acquisition of the real property.
5.The Agency's Offer. Just compensation has been determined to be and the Acquiring Agency's offer for the purchase of
this real property is as follows:
a.Total Land,Land Improvements and Buildings $68,000.00
b. Severance Damages(i.e.: Setback, Loss in
Value to the Residues,etc) $N/A
c. Other Damages(Itemize)
Cost-To-Cure estimates:
$N/A
$
Temporary RNV $
Total Damages $N/A
Total amount believed to be Just Compensation offered for this Acquisition is: $68,000.00
6. The amount in Item 5 above may include payment for the purchase of certain buildings and Improvements and their
ownership shall pass to the Acquiring Agency. These buildings and improvements are Identified as follows:
N/A—Undeveloped Land
7.The amount in Item 5 above may include payment for the purchase of certain Land Improvements, Fixtures, Equipment,
Machinery, Signs, Etc.,and their ownership shall pass to the Acquiring Agency. These items are identified as follows:
N/A—Undeveloped Land
8. Items owned by others(i.e.:lessee,tenants,etc.) included in Item 5 above are identified as follows:
N/A
9.Remarks:
City of Carmel Approval: n 'evie it•
Signature:
et— Signature:
Name Printed: c5' - —2,A Name Printed: •"=lena Ackedy
Title: / � $ /� Company:
Date: / /1 LIQ I/ Date: 12/28/10