General Valuation Procedure Sample Clauses

General Valuation Procedure. Except as provided in paragraph C.3. or paragraph C.5. of this Article, the fair market value of lands, easements, or rights-of-way shall be determined in accordance with the provisions of this paragraph.
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General Valuation Procedure. Except as provided in paragraph 13.c, or 13.d, the fair market value of lands, easements, or rights-of-way shall be determined according to paragraph 13.b.i, unless a different amount is determined later to represent fair market value according to paragraph 13.b.ii.
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General Valuation Procedure. Except as provided in paragraph B.3. of this Article, the fair market value of lands, easements, or rights -of -way shall be determined in accordance with paragraph B.2.a. of this Article, unless thereafter a different amount is determined to represent fair market value in accordance with paragraph B.2.b. of this Article. a. The Non - Federal Sponsor shall obtain, for each real property interest, an appraisal that is prepared by a qualified appraiser who is acceptable to the Non - Federal Sponsor and the Government. The appraisal must be prepared in accordance with the applicable rules of just compensation, as specified by the Government. The fair market value shall be the amount set forth in the Non - Federal Sponsor's appraisal, if such appraisal is approved by the Government. In the event the Government does not approve the Non - Federal Sponsor'. s appraisal, the Non - Federal Sponsor may obtain a second appraisal, and the fair market value shall be the amount set forth in the Non - Federal Sponsor's second appraisal, if such appraisal is approved by the Government. In the event the Government does.not approve the Non - Federal Sponsor's second appraisal, or the Non - Federal Sponsor chooses not to obtain a 'second appraisal, the Goverrment =shall obtau an appraisal, and the fair mar ketyalue shall be the amount set`forth in the Governmer tisrappraisal, if such appraisal is approved by the Non Federal;Sponsor. Iri the event 'the N8' n= Federal Sponsor 'does not. approve the. Government's appraisal, the Government, after consultation with the Non- Federal Sponsor, shall consider the Government's and the Non- Federal Sponsor's appraisals and determine an amount based thereon, which shall be deemed to be the fair market value. b. Where the amount paid or proposed to be paid by the Non - Federal Sponsor for the real property interest exceeds the amount determined pursuant to paragraph B.2.a. of this Article, the Government, at the request of the Non - Federal Sponsor, shall consider all factors relevant to determining fair market value and, in its sole discretion, after consultation with the Non - Federal Sponsor, may approve in writing an amount greater than the amount determined pursuant to paragraph B.2.a. of this Article, but not to exceed the amount actually paid or proposed to be paid. If the Government approves such an amount, the fair market value shall be the lesser of the approved amount or the amount paid by the Non - Federal Sponsor, but no les...
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