S Deed of Hyw Right of Way Smith Level Road

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SUMMARY STATEMENT/OFFER TO PURCHASE REAL PROPERTY DUE TO THE ACQUISITION OF RIGHT OF WAY AND DAMAGES TO: Orange County 131 West Margaret Lane Hillsborough NC 27278 TIP NO.: U-2803 COUNTY Orange DESCRIPTION: Smith Level Road DATE: 7/22/11 TO: Lessee, if Applicable WBS ELEMENT; PARCEL NO.: Dear Property Owner: 34860.2.1 001 The following offer of just compensation is based on the fair market value of the property and is not less than the approved appraised value for the appropriate legal compensable interest or interests. The approved value disregards any increase or decrease in the fair market value of the property acquired due to influence caused by public knowledge of this project. The offer of just compensation is based on an analysis of market data, comparable land sales, and, if applicable, building costs in the area of your property. Please retain this form as it contains pertinent income tax information. Value of Part Taken (Includes Land, Improvements And Appurtenances Considered as Realty) Damages, if any, to Remainder Benefits, if any, to Remainder TOTAL $ 0 $ 0 $ 0 minus $ 0 The total offer includes all interests other than leases involving Federal Agencies and Tenant owned improvements. (A) Description of the land and effects of the acquisition by easement [ ] and deed [X]: Subject property described in Deed Book 4246, page 161, Orange County Registry, contains approximately 62.320 acres of which .022 acres is being acquired as right of way, leaving 62.298 acres remaining on the left severed with access/with access to (Smith Level Road). Also being acquired is an aerial utility easement containing approximately .005 acres. (B) The offer for improvements considered as realty includes payment for the improvements and appurtenances described below. Should you desire to retain these improvements, you may repurchase them for a retention value with the stipulation that you remove them from the acquisition area at no expense to the Department. (C). Should you desire to sell the Department the portion of your property considered to be an uneconomic remnant/buildable tot, as explained to you by the Right of Way Agent, the total offer would be: $ N/A I will be available at your convenience to discuss this matter further with you. My telephone number is 336-334-3515 Ext 108, in Greensboro ,North Carolina. The original of this form was handed/mailed, if out of state owner, to Orange County 22 on July 20 11 .Owner was furnished a copy of the Right of Way Brochure/Owner's Letter. (Signed) Right of Way FRM10-B