The property owner is given three ways to proceed with the purchase of their property.
1.) OTA will hire a third party appraiser to determine the fair market value of the property and an offer is made to the property owner. OTA will work with property owners to determine and negotiate a mutually agreed upon sale price.
2.) If a sale price cannot be negotiated, the authority may look at eminent domain procedures. A sincere effort will be made to avoid the use of eminent domain through fair appraisal, thorough negotiation and just compensation.
3.) The property owner has the right to sue in court should they find that eminent domain has not provided them fair compensation, and the court will then determine a value for the property.