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ExxonMobil Opening Wallet to Homeowners after Mayflower Oil Spill

Oil giant presents compensation plan giving $10,000 for the "disruption and inconvenience," offers to buy homes.
MAYFLOWER, AR - More than two weeks after the Mayflower oil spill, pipeline owner ExxonMobil is opening its wallet to homeowners in the Northwoods subdivision.

The company has released details of its compensation offer to property owners.

The plan offers $10,000 per household for the disruption and inconvenience and also includes an offer to buy their homes.

Fine print at the bottom of the letter states, "your acceptance of these offers will not affect your right to assert any claims that you may have against the company. ExxonMobil will continue to work with you to resolve such claims."

Complete plan details:

Compensation Information for the Residents of Northwoods Subdivision

We sincerely apologize for this incident and the disruption it has caused to you and to your family.

Our goal is to leave your neighborhood just as beautiful as it was before this incident. ExxonMobil workers and contractors, together with federal, state, county and other local officials, continue to work on restoring affected lands, ensuring a safe environment, and enabling those of you who were evacuated as a result of the spill to return to your homes as quickly as possible. ExxonMobil remains fully committed to the cleanup effort and we will stay until the job is done.

We also want to ensure you are compensated for the inconvenience, disruption and loss of use and enjoyment of your home due to the cleanup effort.

This leaflet provides information on the options available to you. Our ExxonMobil Claims specialists are available to discuss these options with you in greater detail at 1-800-876-9291.

Resident Compensation Package
For all Northwoods subdivision residents, ExxonMobil will provide payment of $10,000 per household to compensate you for the disruption and inconvenience.

ExxonMobil will also pay for one whole-house cleaning to be scheduled at your convenience.

If your yard was re-landscaped as a result of the cleanup, ExxonMobil will pay for yard maintenance service for two months.

For tenants – if your landlord sells the home in which you are residing due to the spill, ExxonMobil will provide you with moving expenses and three months’ rent.

Landlord Compensation Package
If your tenant decides to move out as a result of the spill, ExxonMobil will reimburse landlords for rental income for up to one year.

Home Purchase Offer
If you decide to sell your home or lot in the Northwoods subdivision as a result of the spill within the three-year period ending March 28, 2016, ExxonMobil will commit to purchase your property. At the time of the sale, the value you will receive will not be reduced due to any diminution in property value caused by the spill. This value will be established by HUD-approved appraisers.

Directly impacted homes or lots can be sold immediately to ExxonMobil. Non-impacted property or lots can be marketed by the homeowner. If there is no buyer or the best offer reflects that the spill has adversely impacted the sales price, as determined by qualified appraisers, ExxonMobil will buy the home or lot or make up the difference in the sales price caused by the spill.

ExxonMobil will also cover all your closing costs and provide moving expenses up to $8,000.

Home Value Protection Offer
For residents who decide to remain in the Northwoods subdivision, ExxonMobil will provide a one-time payment for any diminution in property value caused by the spill on any date of the homeowner’s choosing, until March 28, 2016.

Property values will be established by local HUD-approved third-party appraisers who are capable of determining any loss of value due to the spill. Each homeowner and ExxonMobil will choose an appraiser, with both being paid for by ExxonMobil. The largest amount of lost value will be chosen if values are within 10 percent of each other. If the difference is more than 10 percent, a third appraisal will be obtained and a value negotiated.

Please note: your acceptance of these offers will not affect your right to assert any claims that you may have against the company. ExxonMobil will continue to work with you to resolve such claims.
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