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~ecr2387 ~;~._ 336 <br />:~ <br />OWASA shall attempt to have the appraisal completed within sixty days of the <br />submission of the request by the property owner. <br />(iii) American Stone Company and OWASA shall provide the property owner <br />with a copy of the appraisal as soon as it is submitted. If the owner is not satisfied <br />with the results of the appraisal, the owner may have his or her own MAI <br />appraisal performed at his or her expense. <br />(iv) If the owner, OWASA and American Stone Company are not able to resolve <br />the dispute upon receipt of the first or second appraisal, the two appraisers will <br />select a third MAI Appraiser to perform an analysis, and the three appraisers shall <br />seek to quantify any decrease in the fair market value of the property resulting <br />from quarry operations, if any. OWASA and American Stone Company shall pay <br />one half of the cost of he third appraiser and the property owner shall pay the <br />balance. <br />(v) If the three appraisers report a decrease in fair market value resulting from <br />quarry operations, American Stone Company and OWASA shall each pay the <br />property owner one half of the decrease in fair market value within thirty days of <br />the receipt of the report from the three appraisers. <br />(vi) Upon receipt of payment of American Stone Company and OWASA, the <br />property owner shall convey to American Stone Company and OWASA a release <br />and easement in full and final settlement for any and all alleged diminution in <br />value to the property resulting from quarry operations which will be binding upon <br />the property owner and his or her heirs, successors and assigns. <br />30. American Stone Company will monitor air blasts and peak particle velocities with <br />seismographs at the locations specified in paragraph 25. Any neighbor who requests <br />advance notification of blasting as provided in paragraph 16 will be allowed to be present <br />at a seismograph location to observe the recordings at the time of the blast event. <br />31. American Stone Company shall make its blast reports and the data provided by its <br />monitoring seismographs available for inspection and copying at reasonable times by <br />citizens and governmental bodies. <br />32. American Stone Company shall provide up to $2,000.00 in support of an initiative to <br />document and memorialize the history of African American landowners in the area <br />surrounding the quarry. OWASA shall promote this initiative by meeting with and working <br />with neighbors to determine who will perform the study and by managing the study and <br />disseminating its result. <br />33. In recognition of the historic value of the former school located on TM 7.112..9, and if <br />permitted by the owner, American Stone Company shall pay for an inspection of the <br />foundation of the structure by a qualified expert and if the inspection determines that the <br />quany operations have caused any structural damage to the foundation, American Stone <br />Company shall pay the reasonable cost for necessary repairs. <br />34. American Stone Company shall work with neighborhood organizations to identify a <br />mechanism through which employment opportunities at the quarry could be made known <br />to residents of the surrounding community. To the extent permitted by applicable state and <br />federal law and regulations, American Stone Company shall extend a preference in hiring to <br />43 <br />• <br />• <br />~, <br />U <br />• <br />• <br />• <br />