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INCENTIVE PAYMENTS

INCENTIVE PAYMENTS. AGENDA. Incentive Payments FHWA Memorandum FHWA Policy FHWA Guidance Pilot State’s Idaho Questions. Incentive payments, what are they, and what are the benefits. To reduce overall project delivery times . Expedite the project Motivate the property owner

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INCENTIVE PAYMENTS

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  1. INCENTIVE PAYMENTS

  2. AGENDA Incentive Payments FHWA Memorandum FHWA Policy FHWA Guidance Pilot State’s Idaho Questions

  3. Incentive payments, what are they, and what are the benefits

  4. To reduce overall project delivery times Expedite the project Motivate the property owner Result in cost savings Savings in project construction

  5. V. Benefits to the traveling public VI. Payment over and above the just compensation offer

  6. FHWA Memorandum I. April 26, 2006 II. Policy III. 23 CFR 710.203(b)(2)(ii) IV. Implementation

  7. General Guidance Permissible under State law Availability of DSS dwelling units Increasing Right-of-Way costs Propriety of using Incentive Payments Public interest finding

  8. Pilot State’s Indiana Department of Transportation Idaho Transportation Department

  9. Indiana Department of Transportation

  10. Purpose of the law I. Expedite the acquisition of right-of-way

  11. Program Guidelines I. Assess the cost/benefit II. Preparation of an Incentive plan III. Estimate the cost effectiveness

  12. Program Guidelines IV. Advanced Acquisition V. Final cost comparison

  13. Acquisition Incentive Plan I. Within 30 calendar days II. Extension period III. Modification of acceptance period

  14. Administrative Settlement Separate offer 30 day acceptance period

  15. Acquisition Incentive Agreement

  16. Incentive Agreement

  17. Cost Effectiveness Estimate

  18. Cost Effectiveness Estimate

  19. Idaho Department of Transportation

  20. Purpose of the policy Expedite the acquisition of right-of-way

  21. Program Guidelines Assess the cost/benefit Determine the Incentive Program’s propriety Analyze the project specifics Advanced Acquisition Final cost comparison

  22. Acceptance Period Within 45 calendar days Extension period

  23. Administrative Settlement Separate offer 45 day acceptance period

  24. Right-of-Way Contract

  25. Customer Survey

  26. Best Practices Early Involvement Property owner involvement Appraisal process

  27. Questions

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