Model Statement of Voluntary Transaction

THIS AGREEMENT is made and entered into this _____ day of ____________, ____, by and between ______________, hereinafter referred to as "Sub-grantee," by its authorized agent, ______________, and _______________, hereinafter referred to as "Seller." The parties agree as follows:

  1. Seller affirms that he/she/they is/are the owner/owners of property located at -______________, hereinafter referred to as "property."
  2. Sub-grantee has notified Seller that the Sub-grantee may wish to purchase property, and, if Seller agrees to sell, Seller must permanently relocate from property.
  3. Sub-grantee has notified Seller that it believes the fair market value (FMV) of property, as of _______________ is $______________ as determined by appropriate valuation procedures publicized and implemented by Sub-grantee.
  4. Sub-grantee has notified Seller that Seller is not required to sell property and Subgrantee will not use its power of eminent domain for the purpose of this acquisition project to acquire property if Seller chooses not to sell it.
  5. Sub-grantee has notified Seller that if Seller agrees to sell property to Sub-grantee, such a transaction is voluntary. Consequently, Seller is not entitled to relocation benefits provided by the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970, which are available to property owners who must sell their properties involuntarily.
  6. Sub-grantee affirms that it has provided the notifications and explained the information described in the preceding paragraphs, and property identified above is not a part of an intended, planned, or designated project area where all or substantially all of the property within the area is to be acquired within specific time limits.
  7. This Agreement shall expire on ______________, unless Seller has voluntarily sold property to Sub-grantee by that date.

____________________________                           ______________
Property Owner Signature                                            Date
____________________________                           ______________
Property Owner Signature                                            Date
____________________________________            ______________
Sub-grantee's Authorized Agent Signature                     Date

Last Modified: Friday, 05-Oct-2007 13:17:16 EDT

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