DEVELOPMENT OF THE AMOUNT TO BE OFFERED THE MARSHALLESE T SETTLEMENT OF NUCLEAR C IHS |‘ oh Ge A conservative approach to arrive at a figure for negotiating radiation damage land claims must involve setting a value in fee for the land. Such an approach is 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 |, Nave a value in fee of $3,500 pex acre. The land , . oreicueeesubject:to radiationclaims varies: in-quality,:.bubis| Jpeg= “Sonsidered to lie.in value between’ that assigned: to’ KM oe and that. assigned. ta: the mid-atoll. corridor. Thus, for our purposes ‘Lt. is reasonable to assumeia value in fee of $4,000 per acre. . ; Eniwetok. Atoll. has a total land area. of Ll, 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 - about $4.24 million.. This figure must..be adjusted for amounts already paid as compensation. Eniwetok has: received ex gratia cash payments of about. $1.2 million Cinget; ye and. have,been given clear title to land worth about oo... EES S24 “Mil Liion®(Ujelang) “7 fox:‘A -total ‘of:‘SL:6: m¥ELLion 2: PERIPe ‘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 clain. Using the samevaluation figure of $4,000 pex acre, - the value in feé of this land is about. $7.6 million. The Bikini people have received about $3.4 ition 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. apRae RTE RRB OS fete ee me 501159 Se meee ae ce SN eyee eee