There are 6 item(s) tagged with the keyword "eminent domain".
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Landowners are refusing to sign right-of-way agreements with Constitution Pipeline, instead opting to force the pipeline company to go through eminent domain proceedings if the project is approved. This Public Radio report from early May tells the story.
Bob Lidsky's position on why eminent domain may be the best option for landowners - and the best way to stop the pipeline.
May 30, 2013
DEC puts limits on pipeline construction
By Joe Mahoney Staff Writer The Daily Star The Daily Star Thu May 30, 2013, 09:00 AM EDT
Asserting its jurisdiction over New York’s natural resources, the state Department of Environmental Conservation told federal regulators in a new filing that running the Constitution Pipeline across streams can only occur in a narrow time window because of potential impacts to fish populations.
The "Constitution" Pipeline company wants to negotiate easements with landowners. When you find out how little they offer, you might be disappointed.
At a meeting on February 21, 2013, in Deposit NY the pipeline company told landowners: We will make a one time payment based on the "fair market value" of the land within the easement.
Here’s how they calculate that "fair market value" of land within an easement...
Multiply the length of the easement, by the width of the easement (50 ft.), to get the square footage.
In the diagram above this would be 600 ft. x 50 ft. = 30,000 square ft.
2. Calculate what portion (percentage) of an acre the easement covers.
In this diagram it would be 30,000 square ft. ÷ 43,560 square ft. (the size of 1 acre) = 69% of an acre.
3. Multiply the price per acre that land is selling for in your area, by that percentage.
In this diagram the price per acre could be $5000. $5000 x 69% = $3,443.53
Therefore the "fair market value" of the easement in the diagram above would be $3,443.53
Other examples of easement values:
|Length||Width||Square footage||Price/Acre||Fair Market Value|
There may be additional terms:
Before you consider negotiating, ask yourself:
If you don’t want a pipeline on your property, join with other landowners who are opposing it. Together we have a chance to win.
Landowners Deny Permission for Constitution Pipeline Surveys according
Constitution Pipeline Application to be Delayed
Displaying: 1 - 6 of 6