ROW Property Management Manual: Types of Transactions

♦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 2: Types of Transactions

Overview

Note: The ROW Property Management Manual provides guidance for disposition of property interests that are no longer needed for state highway purposes. Unless otherwise stated, procedures outlined below apply to property interests that are no longer needed for state highway purposes.

The following are the most common transactions:

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Sale of Site and Any Improvements No Longer Needed for a State Highway Purpose to a GE

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sale of site and any improvements no longer needed for a state highway purpose by sealed bid to the general public (see Sealed Bid Sales)

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Exchange of Real Property)

Unlike sales of right of way (fee simple) no longer needed for a state highway purpose, the abutting landowner does not have the priority to purchase sites and improvements that are no longer needed for a state highway purpose.