Page 36 - _ 180314 Special Yucaipa GSA Packet

Grant Agreement No. 46000XXXX
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EXHIBIT L

APPRAISAL SPECIFICATIONS

For Category 1 Implementation Projects that include Land Acquisition Only:

For property acquisitions funded this Funding Agreement, the Grantee must submit an appraisal for review and
approval by the Department of General Services or DWR’s Real Estate Branch prior to reimbursement or
depositing State funds into an escrow account. All appraisal reports, regardless of report format, must include
all applicable Appraisal Specifications below. Appraisals for a total compensation of $150,000 or more shall be
reported as a Self-Contained Appraisal Report. Appraisals for a total compensation of less than $150,000 may
be reported as a Summary Appraisal Report, which includes all information necessary to arrive at the
appraiser’s conclusion. Appraisal Specifications 14, 16, 21, 23-25, and 28 shall be narrative analysis
regardless of the reporting format.
1. Title page with sufficient identification of appraisal assignment.

2. Letter of transmittal summarizing important assumptions and conclusions, value estimate, date of value
and date of report.
3. Table of contents.

4. Assumptions and Limiting Conditions, Extraordinary Assumptions, and Hypothetical Conditions as needed.
5. Description of the scope of work, including the extent of data collection and limitations, if any, in obtaining
relevant data.
6. Definition of Fair Market Value, as defined by California Code of Civil Procedure, Section 1263.320.
7. Photographs of subject property and comparable data, including significant physical features and the
interior of structural improvements, if applicable.
8. Copies of Tax Assessor’s plat map with the subject marked along with all contiguous assessor’s parcels
that depict the ownership.
9. A legal description of the subject property, if available.

10. For large, remote or inaccessible parcels, provide aerial photographs or topographical maps depicting the
subject boundaries.

11. Three year subject property history, including sales, listings, leases, options, zoning, applications for
permits, or other documents or facts that might indicate or affect use or value.
12. Discussion of any current Agreement of Sale, option, or listing of subject property. This issue required
increased diligence since state agencies often utilize non-profit organizations to quickly acquire sensitive-
habitat parcels using Option Agreements. However, due to confidentiality clauses, the terms of the Option
are often not disclosed to the state. If the appraiser discovers evidence of an Option or the possible
existence of an Option, and the terms cannot be disclosed due to a confidentiality clause, then the
appraiser is to cease work and contact the client.

13. Regional, area, and neighborhood analyses. This information may be presented in a summary format.
14. Market conditions and trends including identification of the relevant market area, a discussion of supply and
demand within the relevant market area, and a discussion of the relevant market factors impacting demand
for site acquisition and leasing within the relevant market area. This information may be presented in a
summary format.
15. Discussion of subject land/site characteristics (size, topography, current use, elevations, zoning and land
use issues, development entitlements, General Plan designation, utilities, offsite improvements, access,

Yucaipa Groundwater Sustainability Agency - March 14, 2018 - Page 36 of 226