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Updated over 2 years ago,
City trying to acquire part of my land for road improvements.
I was recently contacted by a third party hired by the city of Sherwood in Arkansas. The city is planning road improvements due to flooding during heavy rain storms. They want to acquire 1,251 sq/ft of land to the front of the property to do construction. They also looking for 450 sq/ft of temporary easement while construction is taking place. They offered a fair market value for the portion of property as well as the temporary easement.
I'm reaching out to see if anyone has experience with this or advise?
Thank you in advance!