anru suggested transaction assistance process pmm 0484 SPL-SP-SST

Noise Remedy UpdateThe 1980 Noise Remedy Update was the foundation for all subsequent noise mitigations around Sea-Tac Airport, including property buyouts and…

• Make the Airport and the community better neighbors • Enhance and protect permanent residentiaZ neighborhoods Overall Port of Seattle Goal: • Continue operation of the Sea-Tac InternationaZ Airport in its present Zocation for as Zong into the future as necessary Noise Remedy Program Objectives and Policies (1976 Plan): • Minimize aircraft noise at the source directZy through ZocaZ actions where and when possibZe (noise abatement) • AppZy a compZete set of community-based remedies directZy in neighborhoods significantZy affected by noise exposure; remedies that deaZ with the residuaZ probZems not resoZvabZe at the source (noise mitigation) • ResoZve the uncertainty associated with aircraft noise impact c Overall Reinforcement Area Goal (Update Study): • Improve noise-impacted residentiaL neighborhoods so as to {1) make such areas more stabLe, (2) protect the existing {and future) property tax base, and (3) enhance LocaL property vaLues Purchase Assurance Goals, Objectives, and Policies (Update Study): • "NormaLize" LocaL reaL estate market via speciaLized saLes transaction assistance by the Port of SeattLe • Encourage eLigibLe property· owners to use sound insuLation option prior to (and inste~d of) purchase assurance option Transaction assistance designed to move property by means of standard reaL estate market procedures as opposed to uLtimate acquisition and resaLe by the Port of SeattLe Test potentiaL purchase assurance/transaction assistance process by means of a carefuLLy pZanned and executed piLot project to be_ compLeted within ·a 12-15 month period beginning in the Zatter haZf of 1984 , DESCRIPTION OF FLOW DIAGRAM ACTIVITIES The accompanying Flow Diagram…
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