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Appraisal Review

Appraisal Review

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Published by: srust2792 on Sep 22, 2011
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11/14/2012

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AN APPRAISAL REVIEW OF
An Appraisal Prepared by Mr. Chris Bell, MAI regarding theThe Gualala River Forest Property containing about 13,913 acres
LOCATION
The subject property is located northwest of Yorkville, bisected by Fish Rock Roadin southwestern Mendocino County, about ten miles east of the community ofGualala and within the Gualala River watershed, in Mendocino County, California
CLIENT
Ms. Teri Muzik, Senior Land AgentState of CaliforniaNatural Resources AgencyDepartment of Fish and GameWildlife Conservation Board1807 13
th
Street, Suite 103Sacramento, CA 95811-7137
 
 
 P.O. Box 994750, Redding, California 96099-4750
 Accurate Analysis
 – 
 
Understandable Results”
 
Phone: (530) 246-1635 Fax: (530) 246-1881
August 9, 2011Teri Muzik, Senior Land AgentState of CaliforniaNatural Resources AgencyDepartment of Fish and GameWildlife Conservation Board1807 13
th
Street, Suite 103Sacramento, CA 95811-7137RE: Review of an appraisal prepared by Chris Bell, AG023519, regarding
The Gualala RiverForest Property,
 
Project ID: 2009017 
,
Contract Number WC-1099TM
, published on April 11,2011 with a valuation date of April 11, 2001.
*The appraisal referenced above is hereby attached by reference and this appraisal review should not be considered unless accompanied by the report.
Dear Ms. Muzik,At your request, I have prepared a technical desk review of an appraisal report pertaining to thereal estate identified above. The purpose of the review was to determine compliance with the2010-11 version of the Uniform Standards of Professional Appraisal Practice (USPAP).The attached technical appraisal review conveys my opinions regarding the appraisal'scompliance with USPAP. If applicable, it also details deficiencies. It is outside this review'sprimary scope of work to develop separate value opinions.
Richard A. Murphy, MAI
 
 
Teri MuzikAugust 12, 2011Page 2Overall, the appraisal which is set in a summary format satisfactorily complies with the minimumrequirements of the Uniform Standards of Professional Appraisal Practice. Based on atechnical review as defined within this re
port, the review process supports the appraiser’s
opinions of value as follows:As Is $30,000,000Hypothetical Condition with Conservation Easement In Place $7,760,000Indicated Value of Proposed Conservation Easement $22,240,000Sincerely,Richard A. Murphy, MAICalifornia Certified General Real Estate Appraiser #AG004181License Expiration Date: 11/3/2012
 

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