Guam § 5113 - Property Statement.

§ 5113. Property Statement.

The owner of an interest in any real property acquired by the

Authority in a condemnation proceeding may, by expressly waiving any

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right to a priority purchase of any real property within an urban renewal

or community development area, become eligible to receive government

of Guam land in exchange for the land acquired by the condemnation

proceeding. The authority shall issue to such owner a statement

indicating that:

(a) the owner has expressly waived in writing all right to a

priority purchase of any property within the urban renewal or

community development area;

(b) the value of the interest in the real property taken by the

Authority in the condemnation proceeding and the net amount

payable to owner;

(c) evidence that the owner has stipulated for an order ordering

that the condemnation proceeds otherwise payable to the owner be

paid into the Treasury of Guam as payment for the government land

to be acquired.