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Guide for Implementing a Geospatially Enabled Enterprise-wide Information Management System for Transportation Agency Real Estate Offices (2011) / Chapter Skim
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Pages 41-47

The Chapter Skim interface presents what we've algorithmically identified as the most significant single chunk of text within every page in the chapter.
Select key terms on the right to highlight them within pages of the chapter.


From page 41...
... displaced person: Any person who moves from real property, or moves his personal property from real property 1. as a direct result of a written notice of intent to acquire or the acquisition of such real property in whole or in part for a program or project undertaken by a Federal agency or with Federal financial assistance; or 2.
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From page 42...
... minimum payment: Policy to offer a minimum acquisition amount for nominal acquisitions. minimum standards appraisal: An appraisal format that is consistent with established and commonly accepted practice for acquisitions which, by virtue of their low value and simplicity, do not require the in-depth analysis and presentation necessary in a detailed appraisal.
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From page 43...
... (FHWA 2009) actual direct loss of tangible personal property: Businesses and farms that move as a result of having their real estate acquired sometimes elect not to move some of their personal property.
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From page 44...
... (FHWA 2009) federally assisted project: A federally assisted project is one which receives Federal reimbursement or payment of some project expenses such as planning, construction, right-of-way acquisition, and property management.
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From page 45...
... just compensation: The payment to a property owner to acquire property for a federally funded or federally assisted project. The payment includes the value of the real estate acquired and any damages caused to the remainder of the property by the acquisition and/or construction.
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From page 46...
... statutory (Federal aid program) : This refers to the laws passed by Congress that govern real estate acquisition activities for Federal and federally assisted programs and projects.
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From page 47...
... (FHWA 2009) waiver valuation: The valuation process used and the product produced when the agency determines that an appraisal is not required, pursuant to 49 CFR 24.102(c)
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Key Terms

  • state highway
  • property owner
  • personal property
  • federal aid
  • virginia dot

  • tangible personal
  • replacement dwelling
  • federally assisted
  • real estate
  • residential property

  • estate acquired
  • direct loss
  • farm owner
  • waiver valuation
  • assisted project

  • actual direct
  • minimum payment
  • comparable replacement
  • federal reimbursement
  • acquisition activities

  • information management
  • federal financial
  • california dot
  • real property
  • low value

  • financial assistance
  • transportation agency
  • property management
  • fair market
  • minimum standards


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