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Grant Agreement No. 46000XXXX
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c) For leases, include significant information such as lessor/lessee, lease date and term, type of lease,
rent and escalation, expenses, size of space leased, tenant improvement allowance, concessions, use
restrictions, options, and confirming source. When comparing improved sales to a vacant land subject,
the contributory value of the improvements must be segregated from the land value.
27. For appraisals of easements, a before and after analysis of the burden of the easement on the fee, with
attention to how the easement affects highest and best use in the after condition. An Easement Valuation
Matrix or generalized easement valuation references may be used ONLY as a reference for a secondary
basis of value.
28. For partial taking and easement appraisals, valuation of the remainder in the after condition and analysis
and identification of any change in highest and best use or other characteristics in the after condition, to
establish severance damages to the remainder in the after condition, and a discussion of special and
general benefits, and cost to cure damages or construction contract work.
29. There are occasions where properties involve water rights, minerals, or salable timber that require separate
valuations. If an appraisal assignment includes water rights, minerals, or merchantable timber that requires
separate valuation, the valuation of the water rights, minerals, or merchantable timber must be completed
by a credentialed subject matter specialist.
30. For partial taking and easement appraisals, presentation of the valuation in California partial taking
acquisition required format.
31. Implied dedication statement.
32. Reconciliation and final value estimate. Include analysis and comparison of the comparable sales to the
subject, and explain and support conclusions reached.
33. Discussion of any departures taken in the development of the appraisal.
34. Signed Certification consistent with the language found in Uniform Standards of Professional Appraisal
Practice.
35. If applicable, in addition to the above, appraisals of telecommunication sites must also provide:
a) A discussion of market conditions and trends including identification of the relevant market, 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.
b) An analysis of other (ground and vault) leases comparable to subject property. Factors to be discussed
in the analysis include the latitude, longitude, type of tower, tower height, number of rack spaces,
number of racks occupied, placement of racks, power source and adequacy, back-up power, vault and
site improvements description and location on site, other utilities; access, and road maintenance costs.
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