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ARKANSAS DEPARTMENT OF TRANSPORTATION <br />7AROF <br />, ARDOT.gov I IDriveArkansas.com Lorie H. Tudor, RE., Director <br />KANSAS DEPARTMENT 10324 Interstate30 I P.O.BoxZZ61 Little Rock, AR 72203-2261 <br />TRANSPORTATION Phone: 501.569.2000 1 Voice/TTY 7111 Fax: 501.569.2400 <br />11 /21 /2023 <br />Date <br />City of Batesville <br />500 E. Main Street # 100, <br />Batesville, AR 72501 <br />Dear Property Owner(s): <br />Job 050420 <br />Hwy. 394 <br />Moorefield (S) Hwy. 69 <br />Independence County <br />Tract 16 <br />An acquisition agent for the Arkansas State Highway Commission has presented to you a <br />Contract to Sell offering to purchase the fee simple title to your property needed for highway <br />purposes. A description of the property needed is attached. The acquisition agent will contact <br />you within 10 business days for your response that should include all issues or concerns you may <br />have regarding the offer. It is anticipated that negotiations should be concluded within 30 <br />calendar days from the date of the initial contact. <br />The offer of $1,875.00 is based on the opinion of a qualified real estate appraiser. The offered <br />amount is based on the market value concept and is broken down as follows: $1,875.00 as just <br />compensation for the realty to be acquired. <br />Should you elect to accept this offer, the State will determine if you can convey a merchantable <br />title, and if so, a property deed conveying the land to the Arkansas State Highway Commission <br />will be prepared and you will be paid the amount contained in the written offer. <br />If you make a final rejection of this offer, and if the Arkansas State Highway Commission elects <br />to do so, a condemnation suit will be filed, and the amount that the Arkansas State Highway <br />Commission has determined to be estimated just compensation for your property will be <br />deposited into the Registry of the Circuit Court of Independence County. You may at this time <br />elect to accept the amount deposited as just compensation for your property. If you elect to do so, <br />the Circuit Court will be asked to enter Judgment in the sum of the estimated just compensation, <br />and this amount will be paid to you thereby disposing of the condemnation suit. <br />