Offer Package
LPA-350
What is an offer letter?
SEA
What is Statutory Evaluation Allowance?
All project communications are subject to public disclosure.
TRUE: be mindful of what you put into writing, and how you are putting them into writing.
Appraisal.
What is a review appraisal?
Entity that sets just compensation.
Who is the Agency/Project Owner?
Most common components. Hint, looking for 6 items.
What are the:
1. offer letter
2. conveyance documents
3. real property voucher
4. copy of the valuation
5. title report
6. TPNY
AOS
What is Administrative Offer Summary?
(Sometimes incorrectly referred to as an Administrative Offer Settlement.)
The real property voucher is the most important document in any given file; "SHOW ME THE MONEY!"
FALSE: the diary is the most important document in any file.
Personal property in the acquisition area.
What is relocation?
Property such as a sign or a fence in the right of way.
What is an encroachment?
The document that is included with all recorded acquisitions.
What is the Real Estate Excise Tax Affidavit or REETA?
QCD
What is Quitclaim Deed?
Keeping your timesheet up to date on a daily basis is optional. "Yeah, no thanks; I'd rather not."
FALSE: it is a company requirement to keep your timesheets up to date, every day. (Pages 15-16 of the Employee Handbook.)
Your managers do randomly spot check your timesheets, so they know when keeping on top of it. :)
Offers greater than $10,000 on parcels that have a Deed of Trust.
Partial release of mortgage.
The Holy Grail or 'ten commandments' of the right of way world.
What is the Right of Way Manual?
The summary provided to the client that details any encumbrances with the acquisition.
What is the Parcel Title Summary Memorandum or PTSM?
NEPA
What is National Environmental Policy Act?
FALSE: the correct WAC is 458-61A-206.
Delivery of the NOREENA.
What is the start of the 90 day 'clock'?
Optional language on the Warranty Deed, required for all partial acquisitions.
What is the set-over clause?
Is required for an offer to be made; no exceptions.
What is agency authorization? Sometimes also referred to as signed concurrence.
BLM
What is Bureau of Land Management?
Your project coordinator is awesome and amazing.
TRUE: truer words have never been spoken. ;)
She is a valuable resource that is here to help YOU!
USE THE RESOURCES AVAILABLE TO YOU.
A Limited liability company (LLC) or Corporation.
What is signing authority, such as articles of incorporation or bylaws.
The power of the government to acquire private property necessary for a public use.
What is Eminent Domain?