479B.28 - NEGOTIATED FEE. - Iowa Statutes

479B.28 NEGOTIATED FEE. In lieu of a one-time lump sum payment for an easement or other property interest allowing a pipeline to cross property or allowing underground storage of hazardous liquids, a landowner and the pipeline company may negotiate an annual fee, to be paid over a fixed number of years. Unless the easement provides otherwise, the annual fee shall run with the land and shall be payable to the owner of record.          Section History: Recent Form 95 Acts, ch 192, §55