ROW Property Management Manual: Closing Procedures and Map Notations

♦Manual Notice 2023-1
▼1. Disposition of Right of Way Interests No Longer Needed for Highway Purposes
►2. Disposition of Real Property Facility Sites No Longer Needed for a State Highway Purpose
- ►1. Introduction
  - ♦Overview
- ►2. Types of Transactions
  - ♦Overview
- ►3. Sale of Site and Any Improvements No Longer Needed for a State Highway Purpose to a GE
  - ♦Overview
  - ♦TxDOT Written Recommendation
  - ♦Resolution from GE
  - ♦Conveyance of Property
  - ♦Completion of Transaction
- ►4. Sealed Bid Sales
  - ♦Overview
  - ♦Procedures Prior to Bid Opening
  - ♦Bid Opening
  - ♦Review of Bids
  - ♦Bid Deposit Checks
- ►5. Exchange of Real Property
  - ♦Overview
►3. Acquisition of Real Property Sites
- ►1. Introduction
  - ♦Overview
- ►2. Acquisition of Land for a Real Property Site
  - ♦Site Selection
  - ♦District Submission Requirements
  - ♦Appraisal
  - ♦Offer and Counteroffer
  - ♦Deed, Memorandum of Agreement, and Closing
- ►3. Acquisition of Land for Gulf Intracoastal Waterway Disposal Area Sites
  - ♦Overview
►4. Leasing
- ►1. Overview
  - ♦Authority
  - ♦Assets Eligible for Lease
- ►2. Types of Leases
  - ♦Descriptions
- ►3. Leasing Policy
  - ♦Requests to Lease
  - ♦Term
  - ♦Survey
  - ♦Appraisal / Valuation
  - ♦Methods of Awarding Leases
  - ♦Preparation of Lease Forms
  - ♦Insurance and Bonds
  - ♦Lease Management
  - ♦Assignments and Subleases
  - ♦Lease Extensions and Amendments
  - ♦Rental Payments and Collection for Non-Payment

Section 12: Closing Procedures and Map Notations

Procedures

ROW Division Headquarters will modify the right of way map(s) to reflect the sale/exchange and ensure that the sale/exchange documents are properly recorded in the appropriate county property records.

ROW Division Headquarters is the office of record for maintaining all real estate transaction records.