May 24-27, 2016 LAX Sheraton Gateway-California Ballroom
The Valuation of Partial Acquisitions: Addresses special challenges involved in the valuation of partial acquisitions, both fee and easement. The participant will learn various accepted appraisal methods in order to best determine the approach that is needed in any particular situation.
Participants will learn how to determine and appraise the larger parcel, techniques for appraising the part acquired, identifying and measuring various types of damages and how to value the remainder after acquisitions. The course introduces ways to handle special benefits and explores the before and after approach (how, why and when), and includes numerous exercises and case studies to aid in understanding.
Review of the basic principles and the valuation process
Utilization of both Federal (“Before and After”) Rule and the State (Summation) Method in the valuation of partial acquisitions
Allocation of the partial acquisition compensation among its components (i.e., value of the part taken, damages to the remainder, benefits to the remainder, cost to cure)
Application of various methods to analyze and quantify the impacts of partial acquisitions on remainder properties
Analysis of both temporary and permanent easements and valuation techniques
How to become a better expert witness
Instructor: Michael E. Lahodny is a Consultant with Sacramento based Right of Way Firm Bender Rosenthal, Inc. As a technical project specialist he provides project oversight and appraisal planning/review for project delivery. Prior to joining Bender Rosenthal he held several management positions with the California Department of Transportation (Caltrans) and was responsible for project delivery coordination and local agency liaison in the Bishop, Marysville, Redding, Eureka and Stockton offices. He has been involved with the preparation and review of appraisals for eminent domain activities for over 30 years. He holds a Bachelor of Arts Degree from California State University, Northridge. Undergraduate and graduate studies were completed with emphasis in real estate and urban planning. Extensive appraisal courses have been taken from IRWA, the Appraisal Institute and other appraisal organizations. Mike was involved in the development of appraisal and related courses for Caltrans. He is a former Caltrans representative to the Federal Highway Administration Appraisal Advisory Board. He is currently a member of Chapter 27 and has been instructing for numerous years.
Nicole Galvez Riggs & Riggs, Inc. Phone: (805) 578-2400 x 106 Fax: (805) 526-6097 Email: firstname.lastname@example.org