DEVELOPMENT OF THE AMOUNT TO BE OFFERED THE MARSHALLESE J SETTLEMENT OF NUCLEAR C THS \° “id A conservative approach to arrive at a figure for negotiating lane claims must involve g g radiation damage J setting a value in fee for the land. Such an approach 1S conservative because in effect, it amounts to paying a full "purchase price” for the land. The value should be consistent with work done in connection with preparation for the Kwajalein base negotiations where KMR land was appraised to have a value in fee of $4,668 per acre, and mid-atoll corridor land was appraised to have a value in fee of $3,500 per acre. The land —osubject to radiation claims varies in.-quality, buteis<:5) 22: _ ‘considered to lie in value between that assigned to’ eM and that assigned.to the mid-atoll corridor. Thus, for our purposes it-1s reasonable to assume a value in fee of $4,000 per acre. Eniwetok Atoll has a total land area of 1,760 acres, but only about 1,100 acres are subject to a damage claim. At $4,000 per acre, the value in fee of this land is abovt $4.4 million. This figure must be adjusted for amounts already paid as compensation. FEniwetok has received ex gratia cash payments of about $1.2 million _.and have been given clean title to land worth about | _. 2 $14 million: (Ujélang), for a-total of ‘$1.6 millions S848 e However, the $2.8 million remaining for Eniwetok ($4.4 million value in fee less $1.6 million compensation) does not take into account the extraordinary $95 million effort now underway to clean up that atoll. For ~ practical purposes, this should satisfy any remaining Eniwetok land claim because it makes them whole. Bikini Atoll has a total land area of about 1,900 acres, all of which are subject to a damage clauia. Using the same valuation figure of $4,000 per acre, the value in feé of this land is about $7.6 million. The Bikini people have received about $3.4 million in compensation, but it is open to question whether these payments Should in any way be considered as compensa-~ tion for land damage as opposed to compensation for disruption of the people's lives. Depending on whether or not these’ payments are offset against the $7.6 million ‘land value, the Bikini claim value would range from $4.2 to $7.6 million. SU ee OS UO gS fo eer = oe a Raoesere FSF TSETRESSSeteone mea EMEREE er PIPE wrapsat aL aRee: Pat: 5 See PTETeee Tet Me eS aeeein ROESTGAxiaea!