TVA Board Meeting - FY24 Financial plan and budget- Reso-Memo
FY24 Real Property Acquisitions – Transmission
The following pages list projects in the Transmission and Power Supply 2024 Business Plan that may require real property acquisition with the rare potential for condemnation.
• Proceed with condemnation when that is only option - Rare occurrences when TVA and the property owner cannot reach an agreement as to compensation - Property ownership is not clearly definable based upon property records - TVA President and CEO review and approval required • Continue to negotiate with property owners to arrive at mutually agreeable acquisition terms
• Acquire land in fee and permanent easements for transmission line right of way, substation, and communication facilities from private property owners - Acquisitions support new construction and upgrades to existing transmission facilities • Negotiate to arrive at mutually agreeable terms that are fair - Just and liberal compensation is based upon land appraisals performed by TVA - Since 1993, TVA has acquired 93% of property tracts through voluntary means - Voluntary acquisition rates range from a low of 87% (1995) to a high of 97% (2014)
TVA Restricted Information - Deliberative and Pre-Decisional Privileged
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