Deficiency Judgments in Real Estate Eminent Domain Proceedings.
CONSTRUCTION ENGINEERING RESEARCH LAB (ARMY) CHAMPAIGN ILL
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This study reviewed the Corps of Engineers experience with deficiency judgments from land acquisition for civil works projects. Historical data were sampled and analyzed in an attempt to develop a more accurate means of assessing land acquisition costs. It was concluded that three factors generally contribute to the best predictions of total deposits plus deficiencies for a project 1 the sum of deposits, 2 the fraction of land in Government interests associated with mineral rights and temporary flowage easements, and 3 the fraction of land in the industrial land use category. These factors were developed into a predictive equation. Projects for which settlement costs were severely underestimated by the equation were analyzed to identify circumstances which might lead to unexpectedly high settlements. Such circumstances include 1 how many small settlements, each relatively large compared to even smaller deposits, and 2 individual high deficiencies stemming from disputes over either equipment evaluation or the effects of easements on an agricultural or industrial operation. Author
- Administration and Management
- Economics and Cost Analysis
- Civil Engineering