CN-370000-PL299-T6.pdf

This document package comprises a Task Assignment Notification Form under DEP Contract #PL299 between the Florida Department of Environmental Protection (DEP) and Zac Ryan Appraisal Services, Inc., along with supporting exhibits and a title insurance commitment from Old Republic National Title Insurance Company. The contract involves the Board of Trustees of the Internal Improvement Trust Fund of the State of Florida as the applicant and Dorothy's Landing, LLC as the property owner. The project, located in Duval County, concerns the Northeast Florida Timberland & Watershed Reserve, a 200-acre undeveloped parcel in the westerly part of the Dorothy's Landing development. Additional parties include the Division of State Lands as the client and TERRA Conservation Group representing the owner's interests.

The assignment calls for appraisal services to determine the market value of encumbered fee simple interests in the subject property to support acquisition negotiations by the Division of State Lands. The fixed fee for services is $3,975.00, with payment contingent upon submission of a proper invoice containing required elements and approval of the appraisal report. The appraisal must follow Uniform Standards of Professional Appraisal Practice and Supplemental Appraisal Standards for the Board of Trustees, delivered as a narrative, single-parcel ownership report within 28 days. The five-year title history is to be furnished by the fee appraiser. The appraisal must address specific considerations including military height and hazard zones, lighting requirements for the Outlying Field Whitehouse, timber valuation factors, subdivision development potential, and the Dorothy's Landing Planned Unit Development under Jacksonville Bill 2005-412. The title insurance commitment reflects a proposed owner's policy amount of $3,122,800.00 issued by Old Republic National Title Insurance Company.