WELCOME! February 26, 2013 ODOT District 1

ion.ohio.gov 2 February 26, 2013 PURPOSE OF TONIGHT’S MEETING Provide a project overview Provide a project overview Provide project update Provide project update Explain acquisition process Explain acquisition process Listen to your input Listen to your input Hold individual discussions Hold individual discussions

ion.ohio.gov 3 February 26, 2013 OBJECTIVES Awareness of the Project Insight on the acquisition process A chance to meet the acquisition team members Understanding of the impacts to your property Opportunity to share your input

ion.ohio.gov 4 February 26, 2013 PROJECT OVERVIEW  Reconstruct and widen Interstate 75.  From south of Harrison Street to the County Road 99  Reconstruct I-75/US 68/SR 15 Interchange

ion.ohio.gov 5 February 26, 2013 WHAT IS GOING TO BE DONE

ion.ohio.gov 6 February 26, 2013 WHAT IS GOING TO BE DONE  Harrison Street Overpass will be replaced  Noise walls may be built  Lima Avenue will be reconstructed along with the Lima Avenue/US 68/SR15 interchange  A service road will be constructed off of Lima Ave

ion.ohio.gov 7 February 26, 2013 WHAT IS NOT GOING TO BE DONE  The following overpasses will not be replaced as part of this project:  CR 88 – Sandusky Street  SR 12 – Main Cross Street  US 224 – Construction 2014  CR 95 – Bigelow Avenue  CR 99

ion.ohio.gov 8 February 26, 2013 WHAT HAS BEEN DONE SO FAR?  Environmental research, noise and field studies  Field surveys  Drafting & completing project- related documents  July 31, 2012 Public Meeting  December 12, 2012 Noise Barrier Meeting

ion.ohio.gov 9 February 26, 2013 PROJECT UPDATE  Right-of-Way  Phase 1: From SR 12 & south  Phase 2: From SR 12 & north  Current Estimated Construction Cost: $166 Million  Overall project schedule  Beginning to purchase addition R/W Feb  Construction still set for 2017, possibly in 2015

ion.ohio.gov 10 February 26, 2013 MAJOR STEPS IN ACQUISITION PROCESS Appraisal Process Written Offer Agreement Reached Payment / Closing Possession Eminent Domain

ion.ohio.gov 11 February 26, 2013 APPRAISAL  Appraiser schedules appointment  You accompany the appraiser  Advise the appraiser of all features that you think will affect its value, i.e. parking, signs, underground storage tanks, fences  Estimate of the fair market value  Report reviewed for compliance

ion.ohio.gov 12 February 26, 2013 APPRAISAL Definition of Fair Market Value as per Ohio Jury Instruction  Fair Market Value is the amount of money which could be obtained on the market at a voluntary sale of the property. It is the amount that a purchaser who is willing, but is not required to buy, would pay and that a seller who is willing, but not required to sell, would accept, when both are fully aware and informed of all the circumstances involving the value and use of the property.

ion.ohio.gov 13 February 26, 2013 WRITTEN OFFER  Meeting Scheduled  Describe the project & effect of the project to your property  Brochure  A copy of the appraisal report  A written purchase offer  Reasonable amount of time to consider the offer  Ask questions  ODOT only acquires what is needed to construct & maintain the highway system

ion.ohio.gov 14 February 26, 2013 AGREEMENT REACHED  Offer to purchase signed  Terms and conditions

ion.ohio.gov 15 February 26, 2013 PAYMENT/CLOSING  Paperwork is prepared for transferring the title of the property  Partial Mortgage release may be required  Incidental expenses will be incurred by ODOT such as:  Recording fees  Survey & legal descriptions  Other necessary expenses to convey property

ion.ohio.gov 16 February 26, 2013 POSSESSION  ODOT will not take possession of your property unless: You have been paid the agreed purchase price Or

ion.ohio.gov 17 February 26, 2013 EMINENT DOMAIN  If an agreement cannot be reached  An action will be filed in the Court of Common Pleas  ODOT deposits with the Clerk of Courts at least the amount of the appraisal  Once deposited those funds can be withdrawn  Negotiations may continue at all times  Jury of peers will decide the amount of the award

ion.ohio.gov 18 February 26, 2013