Determination of Value

Determination of Value. The Board shall determine the fair market value of any property interest to be conveyed to the Companies and negotiate with the companies to recover such fair market value. The Board may use appraisals, reports or other documents in determining fair market value, but is not required to do so. In instances where Facilities are to be located on lands in which a third party (or parties) has a leasehold interest, the Board shall determine what portion of the consideration paid for the right to locate Facilities on the property shall be received by the leaseholder. The leaseholder shall have the right to submit appraisals and other documents or written evidence concerning the consideration paid to the leaseholder.