[WSBARP] HOA Purchase of Well Easement

[Paul Neumiller]

I am working with a large HOA (over 200 homes) that provides water to the residences.  It needs more water and wants to approach its neighbors and ask/buy for an easement to drill a new well.  The HOA asked me for “comps” for the purchase of an easement to drill the well and everything that goes with it (wellhead and related water transmission pipes, no storage tanks.  County requires a 100 foot set back. Most neighbors have 5 to 15 acre lots if not more).  The HOA has been able to grow only by five new homes a year (based on a wait-list; in-fill for vacant lots) as restricted by the availability of water.  It will need this water for future growth.

Now, I feel that every situation is different and that the purchase of an easement is a rare enough event so there is no such thing as comps for comparable easements but I thought I’d throw the question out to the collective hive.  What say you? Any “comps” out there?

[cid:image002.jpg at 01D307A6.EA6CC9C0]
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://mailman.fsr.com/pipermail/wsbarp/attachments/20170728/727186e9/attachment.html>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image002.jpg
Type: image/jpeg
Size: 14511 bytes
Desc: image002.jpg
URL: <http://mailman.fsr.com/pipermail/wsbarp/attachments/20170728/727186e9/image002.jpg>