14.2(1)If the Minister does not agree with the compensation claimed under subsection 14.11(2), the Minister shall offer, within 120 days after receiving the claim, the amount that the Minister considers to be reasonable compensation and, at the same time, give notice to the person claiming compensation that the matter of compensation will be submitted to arbitration if the amount of the offer is not accepted within 120 days after the date the person receives the offer.