Marda Dillree Corridor Preservation Budget & Obligations Balance Forward: $15,313,190 Reimbursement from Pioneer Crossing Extension: $0 Revenue (10/27/16 thru 11/29/16): $786,245 Property Purchases & Expenses: ($2,375,259) Settlement Closed date Amount WDC Donald Neville Vacant land 9/6/16 $1,604,944.00 Midland Dr SITLA Vacant land 3/18/16 $610,000.00 N/A Misc Expenses (10/27/16 thru 11/29/16) $160,314.81 Fund Balance as of 11/29/2016 $13,724,176 Funds Obligated But Not Yet Disbursed Corridor Owner Type of Property Commission Approval Amount Status SR-73 Autumn Valley Vacant land 10/14/16 $1,576,000.00 Closing SR-73 Allred property total Vacant land 10/30/14 $1,592,000.00 Negotiation US-89 Tony Roman Residence 3/18/16 $395,000.00 Offer WDC Neal Geddes Residence 3/18/16 $455,000.00 Offer WDC Randy Weaver Vacant land 3/18/16 $1,745,000.00 Offer SR-9 Gateway Commercial Vacant land 3/18/16 $1,000,000.00 Hold SR-9 I Works Vacant land 5/3/16 $75,000.00 Closing Gentile Saunders Sign relo 5/3/16 $154,500.00 Offer WDC Mark Brezoff Vacant land 9/6/16 $1,769,000.00 Offer WDC Brent Tippetts Vacant land 9/6/16 $170,000.00 Offer 1800 North Betsy Hansen Residential 10/14/16 $139,000.00 Closing SR-73 Mark Sovine Residential 10/14/16 $520,000.00 Closing SR-73 Stan Smith Vacant land 10/14/16 $840,000.00 Closing WDC Clay Thomas Vacant land 10/14/16 $1,416,000.00 Closing 1800 N Russ Macfarlane Residential 11/1/2016 $160,000.00 Offer 1800 N Matt Kister Residential 11/1/2016 $50,000.00 Offer WDC Sarah Bodiker Residential 11/1/2016 $190,000.00 Doc prep Total Obligated, But Not Yet Disbursed: $12,246,500 Applications Pending Corridor Owner Type of Property Advisory Council FUND BALANCE $1,477,676 Amount SR-37 Barbara Patterson Residential 12/6/2016 $300,600.00 WDC John Facer Vacant land 12/6/2016 $294,000.00 Estimated Total of Requests: $594,600 Balance if all applications are approved: $883,076
Utah Transportation Commission Meeting Agenda Fact Sheet Commission Meeting Date: December 9, 2016 Agenda Item: 9A Subject: Marda Dillree Corridor Preservation Acquisition Request - SR-37 Background: Financial Hardship Marvin and Barbara Patterson The property is located at 1604 West 1800 North in Clinton. This is a single family residence owned by Marvin & Barbara Patterson. Mr. & Mrs. Patterson have owned this property for 39 years. The home and land is currently leased out as the Patterson s built a new home last year. They would like the proceeds from this sale to pay off their new home. The property is approximately 1.20+ acres and has appraised for $300,600 which is $5.75 per square foot. The value of the property is in the land as the home & outbuildings offer no contributory value to the property. The property is in the future widening of the SR-37 / 1800 North Corridor in Clinton. Exhibits: Map of area Advisory Council Recommendation Approval X Decline Commission Action Requested: Authorization to obligate Marda Dillree Corridor Preservation Revolving Loan Funds Prepared by: Dian McGuire Presented by: Lyle McMillan Advisory Council Date: December 6, 2016
Utah Transportation Commission Meeting Agenda Fact Sheet Commission Meeting Date: December 9, 2016 Agenda Item: 9B Subject: Marda Dillree Corridor Preservation Acquisition Request - WDC Background: Financial Hardship John & Kathy Facer The property is located at 4331 West 800 North in West Point. This is a building lot owned by John & Kathy Facer. Mr. & Mrs. Facer bought this lot last year in order to build a new home. When they applied for the permits, the City told them about our future WDC project. The home is on a 6.0 acre lot and has appraised for $294,000 which is 49,000 per acre with no contributory value for the improvements. The property is in the preferred alignment of the future WDC Corridor. Exhibits: Map of area Advisory Council Recommendation Approval X Decline Commission Action Requested: Authorization to obligate Marda Dillree Corridor Preservation Revolving Loan Funds Prepared by: Dian McGuire Presented by: Lyle McMillan Advisory Council Date: December 6, 2016
SUNSET West Davis Corridor Preservation CLINTON INTERSTATE 15 WEST POINT L O C A T IO N GREAT SALT LAKE CLEARFIELD SYRACUSE LAYTON N.T.S. Vicinity Map 800 NORTH JOHN & KATHY FACER 6.00 ACRES TOTAL OWNERSHIP (TOTAL TAKE - NO REMAINDER) 3.08 ACRES OUTSIDE HIGHWAY CORRIDOR 2.92 ACRES IMPACTED BY HIGHWAY CORRIDOR Map Legend West Davis Corridor Alignment Impacted Parcels UDOT Owned Parcels (4955) PREPARED BY: MWM DATE: SEPTEMBER 23, 2016 UDOT Owned Parcels (7318)
SUNSET West Davis Corridor Preservation CLINTON 1300 NORTH 1300 NORTH WEST POINT LO C A T IO N CLEARFIELD 4000 WEST 4500 WEST INTERSTATE 15 SYRACUSE GREAT SALT LAKE LAYTON N.T.S. Vicinity Map 800 NORTH 800 NORTH JOHN & KATHY FACER 6.00 ACRES 4000 WEST 300 NORTH 300 NORTH 4500 WEST Map Legend West Davis Corridor Alignment Impacted Parcels UDOT Owned Parcels (4955) PREPARED BY: MWM DATE: SEPTEMBER 23, 2016 UDOT Owned Parcels (7318)