Attachment “B”

 

Value of ACE Easements for Round 8 - FY 2007-08

 

 

Applicant                                  Total Value                   Easement Value            ACE Payment­­­­­*

Anderson, Margaret             $2,973,360                  $  735,000                   $  735,000 (100%)

(Carters Bridge)

 

Garnett, Mercer                    $2,000,000                  $  928,000                   $  696,000 (75%?)

(Earlysville)      

 

Hudson, Michael                    $2,175,000                  $   620,000                  $  582,800 (94%)

(North Garden)                                                                                               

                                                                       

Riddervold, Leif                     $   800,000                  $     40,000                  $    35,200 (88%)

(Covesville)

           

Dutnell, Peter                         $1,070,000                  $   118,000                  $  118,000 (100%)

(North Garden)                         

 

Hudson, Fred                          $1,121,000                  $     58,000                  $      2,320 (4%)

(Free Union)

 

Thurman, Thelma                   $1,150,000                  $   225,000                  $  225,000 (100%)     

(Milton)

___________________________________________________________________________

Total Easement Value                                                   $2,724,000                             

Total Acquisition Cost                                                                          $2,394,320 (88%)

 

 

*  In parenthesis next to ACE Payment is the percent (%) of total easement value.  This is

the amount, expressed as a percentage, that ACE would actually pay for the easement after making adjustments from the income grid.  For landowners

making less than $55,000/year in adjusted gross income, the County pays 100% of easement value. For those making more than $55,000/year, the

County pays an “adjusted” value that is less than 100% of easement value. 

 

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