Can a project pay more than appraised value for property rights (easement or fee title)?
Response: The FPCP can only pay appraised value based on an approved appraisal, unless there are critical reasons to pay more, and the overpayment must be justified and approved by the State. If the overpayment comes from a non-State source, paying more than appraised value is allowable if the sponsoring agency is willing to pay the higher amount and has the additional funds available without impacting portion of the budget funded by the FPCP grant.
Related Questions
- Can a private landowner donate a conservation easement to convey away the propertys development rights but still continue to use the property as before the easement was granted?
- Why must a buyer using a loan with NSP funds be required to pay less than full value for a property?
- Can a project pay more than appraised value for property rights (easement or fee title)?
