- 26 -
ing barb wire fence line makes some contribution
to value. The cost to replace the barb wire
fencing along the north boundary was estimated by
the appraisers based on estimates obtained from
fencing contractors throughout Hillsborough
County. The fence appears to be about five years
old based on the observed condition. We have
estimated the depreciation at 50%. Therefore,
the value of the part taken is summarized as
follows:
LAND AREA
4.83 acres X $19,500/acre = $94,185
IMPROVEMENTS
Barb wire
fence: 135 LF X $2/LF X 50% = $ 135
TOTAL VALUE OF THE PART TAKEN = $94,320
The final step in the appraisal is to value the
property remaining "after the taking" to determine whether
the value of that property would be diminished as a result
of the taking. According to the Fishback appraisal, the
completion of the road project would actually enhance the
value of the remaining property. The appraisal states as
follows:
After the taking, the "L" shaped parent tract
will be separated into three separate parcels
with increased road frontage and exposure from
the proposed Paglen Road. * * *
* * * * * * *
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