Practically unbelievable, anyway...
I just read this on the way home from my all-day meeting, so I'm still processing. My dad wrote me to say the energy company is exercising the right-of-way option on his property!
They say there needs to be a "closing" which will have to be scheduled within 60 days, and they will hand my dad the checks at that meeting.
I don't want to count my chickens in terms of money because of a few vaguely worded statements from our contacts there. From my dad's email:
"J did say some things are unsettled, like a survey still has to be done (which implies that the path could change). I asked a few times "Will the check amounts correspond exactly to the amounts in the agreement"? The answers were like "They should ...." and "will be based on the agreement"."
So I don't know how much the promised amount could be reduced; I think it would only be by changing the path and therefore the number of feet. The original quoted amount for my share was $80K. (I assume about 40% will go to taxes, but I'll have to check with my tax guy after it comes through to see if that's right.) I've also committed (mentally) to putting at least 10% of it toward good causes.
I guess I need to be patient for another month or two. It's up to the energy co. to schedule the closing, so we're at their mercy for timing.
What a weird week it's been. Heck, what a weird year it's been!
Unbelievable
April 8th, 2015 at 10:24 pm
April 8th, 2015 at 11:28 pm 1428535697
April 9th, 2015 at 02:48 am 1428547691
April 9th, 2015 at 05:02 am 1428555739
April 9th, 2015 at 07:55 am 1428566140
April 9th, 2015 at 01:31 pm 1428586307