Eminent Domain and Condemnation Appraisal Practice in Massachusetts – 2018

Eminent Domain and Condemnation Appraisal Practice in Massachusetts – 2018
Earn 7 total hours of CE credit!

Presented by

The New England Chapter – IRWA

The Massachusetts and Rhode Island Chapter of the Appraisal Institute

MBREA| The Association for Valuation Professionals TM

The Massachusetts Department of Transportation – Highway Division

Thursday, September 20th from 8:00 am – 4:45 pm
Connelly Center @ the Federal Reserve Boston
600 Atlantic Avenue, Boston, MA

At this seminar, participants will dive into the condemnation process through a host of eminent domain experts from across the Commonwealth of Massachusetts. The seminar will feature several panel discussions and individual presentations on various right of way appraisal topics. Presenters will explore all phases of the right of way acquisition process, focusing on the appraiser’s critical role on the project team. Participants will learn valuable skills associated with appraising partial acquisitions, assessing damages, and providing expert testimony during litigation.

The seminar is sponsored in part by the Massachusetts Department of Transportation and MassDOT highly encourages all appraisers who wish to do business with the Highway Division to attend this educational seminar.

Program Schedule:
8:00 AM – Registration
8:30 AM – 4:45 PM – 7 Hour CE Program

Registration Fee (includes breaks, lunch, and materials):

• Member Rate (IRWA, AI, MBREA):$165*
• Non-Member Rate:$205
• Government Rate (MassDOT): $125

*IRWA and MBREA members who are not AI professionals should contact those organizations for a promo code to receive the member rate.

Continuing Education:

This program is approved for 7 Hours of CE credit by the Appraisal Institute and approved for 7 Continuing Education Units (CUEs) for IRWA recertification.  Applications have been submitted to the Commonwealth of Massachusetts, the State of Rhode Island and the State of New Hampshire.  It is the discretion of the Board to approve, disapprove and/or reduce the amount of CE credit for the course.  100% attendance is required to receive CE credit.

Topics Covered Include:

Introduction to Eminent Domain, Condemnation Theory and Defining the Basics – This session will provide an overview of the history of eminent domain, concepts, public purpose, just compensation and define terms.
o Bernard Baldassaro, Appraisal Administrator, MassDOT/Highway Division, Right of Way Bureau
o Richard K. Pino, MAI, R/W-AC, Petersen LaChance Regan Pino, LLC
o Christopher Quinn, Esq.

The Team Approach to Valuation – Panelists will provide input on how their work with the appraiser helps to facilitate an efficient acquisition of the necessary real property interests on a right of way project.
o Derrick Roma, PMP, SR/WA
o Matthew Curley, Project Engineer, Tetra Tech, US Infrastructure Division
o John DeLeire, Director, MassDOT Highay Division, Right of Way Bureau
o William Lachance, MAI, SRA, Petersen LaChance Regan Pino, LLC
o Robert LaVita, RE Director, RND Consultants, Inc.

The Importance of Highest and Best Use and its role in the Valuation Process – This session provides an introduction to the concept of Highest and Best Use (HBU) and explains why it is critical to the valuation process. The discussion will include the required legal, physical possible, financial and maximum profitability tests
o Rose Perrizo, MAI, Principal and Owner, RP Realty Advisors
o Steven R. Foster, MAI, Senior Vice President, Lincoln Property Company
o William Lyons, Jr., President and Founder, Fort Hill Companies

Partial Takings – Concepts and Valuation Issues – This session is presented around a series of case study examples illustrating valuation techniques, including Direct Damages – Consequential & Severance and Overburdening Considerations, the Challenges of Highest & Best Use in Before & After Analysis and Proximity Damage or Change in Highest & Best Use
o Ellen McDonald, Real Estate Appraiser and Market Analyst
o Bernard Baldassaro, Appraisal Administrator, MassDOT/Highway Division, Right of Way Bureau
o Donald Bouchard, CRE, MAI, Senior Vice President, Lincoln Property Company
o Gregory Story, Principal, AM Appraisal Associates
o Richard K. Pino, MAI, R/W-AC, Petersen LaChance Regan Pino, LLC

The Litigation Environment – This presentation features a panel of experienced attorneys and a former Superior Court Judge, discussing the litigation environment and what the appraiser should prepare for.
o Donald Bouchard, CRE, MAI, Senior Vice President, Lincoln Property Company
o John Bowen, Esq., Counsel, Rackemann, Sawyer and Brewster
o John Leonard, Esq., Law offices of John S. Leonard
o J. Owen Todd, Esq. Partner, Todd and Weld, LLP

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