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ST 99 -05
Bethel Road I
Chaddick Capital Property
The city needs the following right -of -way and drainage easements from Chaddick Capital. If
Parcel # 2 is purchased as an easement, the total cost is $48,489.13.
PARCEL LAND VALUE /UNIT ESMT. REQUIRED EASEMENT VALUE
No.
2 $115,675 /parcel Drainage Easement $23,953.65
3 $3.50 /sq. ft. Right -of -Way 17,914.28
4 $3.00/sq. ft. Right -of -Way 1,828.13
5 $18,950 /parcel Drainage Easement 3594.61
Right -of -Way 1,198.46
TOTAL $48,489.13
If Parcel # 2 is purchased as fee simple, the total cost is $72,491.87
PARCEL LAND VALUE/UNIT ESMT. REQUIRED EASEMENT VALUE
No.
2 $115,675 /parcel Drainage Easement $47,956.39
3 $3.50 /sq. ft. Right -of -Way 17,914.28
4 $3.00 /sq. ft. Right -of -Way 1,828.13
5 $18,950 /parcel Drainage Easement 3594.61
Right -of -Way 1,198.46
TOTAL $72,491.87
The city owns the following parcel and will need a dedicated drainage easement if the parcel
changes owners.
PARCEL No. LAND VALUE/UNIT ESMT. REQUIRED EASEMENT VALUE
1 $23,400 /parcel Drainage Easement $3,154.71
Chaddick Capital has proposed the following:
1. Swapping Parcel #5 for the city's Parcel # 1 (If the city were to purchase the easements on
Parcel #5, the cost would be $4793.07).
PARCEL No. VALUE
5 $18,950.00
PARCEL NO. VALUE
1 $23,400.00
1 (drainage esmt.) (3,154.71)
TOTAL $20,245.29
2. Purchasing the remaining easements. If Parcel #2 were purchased as an easement the cost
would be:
PARCEL VALUE
No.
2 $23,953.65
3 17,914.28
4 1,828.13
$43,696.06
If Parcel # 2 were purchased as fee simple the cost would be:
PARCEL EASEMENT VALUE
No.
2 $47,956.39
3 17,914.28
4 1,828.13
$67,698.80