Can anyone tell us more about the Leach Xpress Pipeline? I received a survey permission form for this from Columbia Gas Transmission. This is another FERC line. Are the landowners treated fairly with compensation?
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I would agree it is healthy to be a skeptic, I know I am. I am not implying anything and reported a factual offer. And I obviously agree that more would be better, but there has to be some rational basis of the value, and I am trying to have a discussion on the business case. As a basis of comparison, a few years ago a neighbor had property on both sides of a family members farm and needed to move cattle between. It did not cost him $25,000 an acre to get access. I hear you mention $100 / foot. How did you arrive at that number? Is your process fact based or a gut check? Would you accept less if terms were more restrictive to the pipeline company. Do you have direct knowledge that amount has been paid ? The top price I am aware of is $75, and I am going to get as close to that as I can. I have three generations of experience with the Texas Eastern ROW, taken by the Federal Government in 1942 for $80, then resold to T.E. in 1947. Making that ROW 50 wider may not have the same impact on me as your situation. Do you currently have an existing ROW? Do you expect to receive an offer from Columbia?
Bob, they are gonna pay you all the money when you sign,before they start building on your property? if so that's very lucky. usually they want you to sign and pay you nothing till the digging starts. then they want 2-4 years before they have to start.
I'm going to request some money upfront. Don't sign until you're satisfied.
At this stage they are not going to pay me anything because I have not accepted the offer. When the offer becomes mutually acceptable I will let you know.
I was approached by National Right a way in Ohio that needed a pipeline
ROW .After much negotiations I ended up getting $1.00 dollar per inch
times diameter per line per ft. .You would of thought I wanted a kidney and a weekend
with there wife but that was the deal or fight me . Well I didn't the kidney put I
I got what I wanted .
Once you sell the ROW it is forever period .Think long and hard about this and
if you decided to do it make it clear that this is for the pipeline not any other
utility .Get legal help .Make them squeal as they do to us .
Once this is done no turning back !
Time
In this project, that would equate to $36/foot. Not far from the initial offer I received but have not accepted. I agree that legal representation is very important.
Bob ,
Is the line 36 inches ? When I said $1.00 per inch that , if 36 inch
is the diameter would be $ 36.00 per inch x 12 = $432.00 per foot .
That's what we got per foot but not the same size line .
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