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The Property Interest Acquisition Program details are based upon
proposed capital improvements at the Virginia Highlands Airport. These improvements
require acquisition of adjacent properties for airport development and/or
incompatible land uses. Property may be acquired through fee simple acquisition
(purchase of property interests) or via avigation easement. Private property
is acquired by the Airport through payment of just compensation to the property owner.
Virginia Highlands Airport will be receiving federal financial assistance for airport projects,
and thus is obligated to assure its property acquisition and provision of relocation
assistance and payments to displaced persons conforms to applicable Federal requirements.
The Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970
is the most comprehensive and equitable legislation in our history on land acquisition
and the associated relocation of displaced persons. Detailed procedural guidance
is provided in Land Acquisition and Relocation Assistance for Airport Improvement
Program Assisted Projects (AC 150/5100-17)
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