The Conveyance and Release (CAR Program)
The CAR Program is available for Owners who do not want to participate in the SSA Program, and instead want to receive a payment in exchange for a recorded CAR Agreement against their property.
Under the CAR Program, participating Owners will receive a payment from the County in exchange for a recorded CAR Agreement. If the Owner has completed participation in the RSI Program, the amount is 14.4% of the FMV of the property. If the property has been determined to be compatible because existing monitored interior noise level for habitable areas are below 45 dB and the property has not completed participation in the RSI Program, the benefit amount is 21.9% of the FMV of the property.
Owners will generally be invited to participate in the following order:
For properties that are required to have completed sound insulation under the RSI Program as a prerequisite to participating in the CAR Program, the Owners will be invited to participate in the order in which the dwellings were sound insulated with the dwellings in the highest noise contour given priority over lower noise contours.
For properties that are not eligible for the RSI Program, Owners will be invited to participate with the dwellings in the highest noise contour given priority over lower noise contours.
In order to keep the program moving at an appropriate pace to a timely completion, it is anticipated that the number of Owners in each phase may vary and the order they are brought in may vary between the two groups described above, depending on the pace of the RSI Program.
It is anticipated that many eligible owners can participate in the CAR Program simultaneously. Impacts on the pace of participation are: timing of sound insulation, flow of funding, subordination turnaround, and staffing levels to address the various issues raised by the participants.