Executed_Appraisal_Agreement.pdf

APPRAISAL REVIEW AGREEMENT

BETWEEN THE

OHIO DEPARTMENT OF NATURAL RESOURCES

AND

Stephen Ewan, Inc.

THIS AGREEMENT is between the Ohio Department of Natural Resources, 2045 Morse Road, Building E-2, Columbus, Ohio 43229, acting by and through its Director (“Department”), and

Stephen Ewan, Inc., 3871 Rosewood Dr., Amelia, OH 45102, (“Review Appraiser”).

Expenditures for this Agreement are partially or fully funded by federal funds. ODNR received a federal grant under the terms and conditions of the Forest Legacy Program, awarded through the

USDA- Forest Service. This grant was identified by Federal Award Identification Number (FAIN)

24-DG-11094200-007, which became effective on March 27, 2024, with a total award amount of

$1,450,000.00, and an approved indirect rate of 36%. This grant was made under Assistance

Listing Number 10.676 Forest Legacy Program.

The parties agree as follows:

I. NATURE OF CONTRACT

A. The Review Appraiser shall be employed as an independent contractor, to fulfill the terms of this Agreement and to act as a Review Appraiser to the Department.

B. The Department enters into this Agreement in reliance upon Review Appraiser’s representations that Review Appraiser is familiar with recognized appraisal practices and that the Review Appraiser is qualified to perform the services as outlined in this

Agreement.

C. The Review Appraiser shall perform the services to be rendered under this Agreement and the Department shall not hire, supervise, or pay any assistants to the Review

Appraiser in its performance of services under this Agreement. The Department shall not be required to provide any training to the Review Appraiser to enable the Review

Appraiser to perform services required hereunder.

II. SCOPE OF WORK

A. The scope and content of the Review Appraiser’s work under this Agreement shall follow generally accepted appraisal practices as set forth in the Uniform Appraisal

Standards for Federal Land Acquisitions (“UASFLA Standards”) and the Forest Legacy

Program (FLP) Implementation Guidelines.

B. Prepare the preliminary appraisal instructions to be incorporated into the contract specifications for the project, which identifies the USDA Forest Service and Ohio

Department of Natural Resources as the only Clients; specifies that the appraisal opinions, conclusions, and/or report (prior to review and approval) shall only be transmitted to the Review Appraiser; and requires the final, approved appraisal report be delivered to the client according to the contract and the appraisal instructions.

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Review Appraisal Services Agreement between ODNR and Stephen Ewan, Inc.

Legal Contract ID # 2025-1929

C. Coordinate with ODNR to identify characteristics of “assignment-qualified” appraisers for each appraisal assignment based on qualifications, market familiarity/geographic coverage, property type to be appraised, scope of work, and completion of current training in the most recent version of the UASFLA.

D. In conjunction with ODNR, review the Contract Appraiser qualifications contained in the current version of the FLP Implementation Guidelines (Section 16) before the

Contract Appraiser is employed to conduct a project appraisal

E. Approve the final selection of the Contract Appraiser based on their qualifications to complete the appraisal assignment.

F. Organize and conduct a pre-work meeting or teleconference between the chosen

Contract Appraiser, the Review Appraiser, and ODNR. Per the FLP Implementation

Guidelines, the pre-work meeting or teleconference must occur before the appraisal takes place. The Review Appraiser will finalize the project specific appraisal instructions as a result of the consultation

G. Review the appraisal report for compliance with the appraisal instructions, contracting specifications, including applicable appraisal standards (UASFLA, USPAP, FS policy, and FLP Implementation Guidelines). At the discretion of the assigned Review

Appraiser, perform a field review of the subject and comparable sales. In most cases, a field review by the Review Appraiser is expected. The Review Appraiser provides comments to the Contract Appraiser regarding items found in the appraisal report. These communications are shared solely between the Review Appraiser and the Contract

Appraiser.

H. Approve or reject the final appraisal report and notify the Contract Appraiser to send copies to the client

I. The Review Appraiser shall conduct an Appraisal Review of the Appraisal Report to ensure that such appraisal was prepared in accordance with sound, recognized appraisal practices, the Department’s requirements and USPAP [-and - UASFLA] standards.

J. The Review Appraiser’s review of the Appraisal Report shall include a Technical

Review of the original Appraisal Report.

K. The Review Appraiser shall provide a written report (“the Review Report”) to the

Department which states the Review Appraiser’s opinion regarding the Appraisal Report.

The Review Appraiser’s opinion shall encompass the completeness, adequacy, relevance, appropriateness, and reasonableness of the work under review, and the data appearing therein, and the suitability of the methods used, specifically, as guided by the terms of

USPAP Advisory Opinion AO-20:

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1. The Review Appraiser shall express an opinion as to the compliance of the

Appraisal Report under applicable standards, including the UASFLA Standards and FLP Implementation Guidelines.

2. The Review Appraiser shall issue a finding of “Approved” or Not Approved”

3. The Review Appraiser shall indicate whether the Appraisal work(s) under review is “Recommended” or Not Recommended”

L. If the Review Appraiser’s determines that the Appraisal Report evidences a lack of compliance with the applicable standards, the Review Appraiser shall first seek revisions, addenda, or additional substantiation of the conclusions from the original field appraiser, as necessary to rectify any apparent issues of non-compliance.

M. If it is the Review Appraiser’s determination whether any change in the Property, or in conditions in the area, warrant any change or changes in the Appraisal Report, the

Review Appraiser may recommend corrections, additions and/or supplemental appraisal reports to the Appraisal Report where changes in the Property or conditions in the area warrant such recommendations.

N. [At the option of the Department, the Review Appraiser may be provided with an additional Appraisal Report on the same subject Property performed by another

Appraiser, and if so, the Review Appraiser shall provide a second written Review Report presenting the Review Appraiser’s opinion to include the items in Section II E, above. In such cases where two Appraisal Reports are under review, the Review Appraiser shall make a determination as to each report’s finding of “Approved” or “Not Approved,” and shall provide a summary statement indicating which of the Appraisal Reports serves as the “Recommended” basis for substantiating the real property value.]

III. TIME OF PERFORMANCE

A. The services as stated in Section II, Scope of Work, shall be concluded within One

Hundred Fifty (150) calendar days of the Review Appraiser being notified in writing by the Department to begin work (the “Due Date”).

B. WORK UNDER THIS AGREEMENT SHALL NOT COMMENCE UNTIL THE

DEPARTMENT HAS OFFICIALLY NOTIFIED THE REVIEW APPRAISER IN

WRITING. ANY SERVICES RENDERED OR MATERIALS SUPPLIED BY THE

REVIEW APPRAISER PRIOR TO SUCH NOTIFICATION SHALL BE DONE AT

THE REVIEW APPRAISER'S OWN RISK AND SHALL NOT GIVE RISE TO A

LEGAL OR EQUITABLE OBLIGATION UPON THE STATE.

C. It is expressly agreed that time is of the essence in completing the Review Appraisal.

The Due Date may only be altered in writing by agreement of the Department and the

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Review Appraiser. Should the Review Appraiser neglect, fail, or refuse to complete the work embodied in this Agreement by the Due Date, the Review Appraiser shall pay to the

Department, at the Department's option, the sum of $25.00 per day for each and every calendar day that said work remains unfinished beyond the Due Date.

D. This Agreement shall remain in effect until the work described in Section II, Scope of

Work, is completed to the satisfaction of the Department and until the Review Appraiser is paid in accordance with Article IV, Compensation, or until terminated as provided in

Article VI, Termination of Review Appraiser’s Services, whichever is sooner.

E. Notwithstanding the foregoing, as the current General Assembly cannot commit a future General Assembly to expenditure, this Agreement shall expire no later than June

30, 2027.

F. It is expressly agreed by the parties that none of the rights, duties, and obligations herein shall be binding on either party if award of this Agreement would be contrary to the terms of Ohio Revised Code (“R.C.”) 3517.13, R.C. 127.16, or R.C. Chapter 102.

IV. COMPENSATION

A. The Department shall pay the Review Appraiser TWO THOUSAND DOLLARS

($2,000) PER REPORT NOT TO EXCEED SIX THOUSAND DOLLARS ($6,000.00)

for the Review Report(s).

B. The Review Appraiser shall not be reimbursed for travel, lodging or any other expenses incurred in the performance of this Agreement.

C. Payment for the Review Appraiser’s services under this Agreement shall become due upon completion and delivery of the Review Report(s) to the Department and after the

Review Appraiser’s reports and findings are found in compliance with this Agreement by the Department, to include successful completion of an Administrative Review which may require that the Review Appraiser respond to requests for revisions, addenda, or explanations of the findings and recommendations as determined by the Department.

D. Upon request of any representative of the Department, or any representative of the office of the Attorney General of the State of Ohio, the Review Appraiser agrees to make themselves available for necessary pre-trial conferences and to testify as to the opinions and conclusions that the Review Appraiser has expressed in the Review Appraisal(s) in any judicial proceedings involving a determination of the value of the Property. The

Review Appraiser shall be paid for such services rendered in accordance with the schedule in Exhibit “C” attached hereto and made a part of this Agreement.

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V. CERTIFICATION OF FUNDS

It is expressly understood and agreed by the parties that none of the rights, duties, and obligations described in this Agreement shall be binding on either party until all relevant statutory provisions of the Ohio Revised Code, including, but not limited to, R.C. 126.07, have been complied with, and until such time as all necessary funds are available or encumbered and, when required, such expenditure of funds is approved by the

Controlling Board of the State of Ohio, or in the event that grant funds are used, until such time that the Department gives the Review Appraiser written notice that such funds have been made available to the Department by the Department’s funding source.

VI. TERMINATION OF REVIEW APPRAISER’S SERVICES

A. The Department may, at any time prior to the completion of services by the Review

Appraiser under this Agreement, suspend or terminate this Agreement with or without cause by giving written notice to the Review Appraiser.

B. The Review Appraiser, upon receipt of notice of suspension or termination, shall cease work on the suspended or terminated activities under this Agreement, suspend or terminate all subcontracts relating to the suspended or terminated activities, take all necessary or appropriate steps to limit disbursements and minimize costs, and, if requested by the Department, furnish a report, as of the date of receipt of notice of suspension or termination, describing the status of all work under this Agreement, including, without limitation, results, conclusions resulting therefrom, and any other matters the Department requires.

C. The Review Appraiser shall be paid for services rendered up to the date the Review

Appraiser received notice of suspension or termination, less any payments previously made, provided the Review Appraiser has supported such payments with detailed factual data containing services performed and hours worked. In the event of suspension or termination, any payments made by the Department for which the Review Appraiser has not rendered services shall be refunded.

D. In the event this Agreement is terminated prior to its completion, the Review

Appraiser, upon payment as specified, shall deliver to the Department all data, maps, photographs or other materials furnished to the Review Appraiser by the Department and work products and documents which have been prepared by the Review Appraiser in the course of providing services under this Agreement. All such materials shall become, and remain the property of, the Department, to be used in such manner and for such purpose as the Department may choose.

E. The Review Appraiser agrees to waive any right to, and shall make no claim for, additional compensation against the Department by reason of such suspension or termination.

VII. RELATIONSHIP OF PARTIES

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A. The Department and the Review Appraiser agree that the Review Appraiser shall be responsible for all of its own business expenses, including, but not limited to, computers, email and internet access, software, phone service and office space. The Review

Appraiser will also be responsible for all licenses, permits, employees’ wages and salaries, insurance of every type and description, and all business and personal taxes, including income and Social Security taxes and contributions for Workers’ Compensation and Unemployment Compensation coverage, if any.

B. While the Review Appraiser shall be required to render services described hereunder for the Department during the term of this Agreement, nothing herein shall be construed to imply, by reason of Review Appraiser’s engagement hereunder as an independent contractor, that the Department shall have or may exercise any right of control over the

Review Appraiser with regard to the manner or method of the Review Appraiser’s performance of services hereunder.

C. Except as expressly provided herein, neither party shall have the right to bind or obligate the other party in any manner without the other party’s prior written consent.

D. It is fully understood and agreed that the Review Appraiser is an independent contractor and neither Review Appraiser nor its personnel shall at any time, or for any purpose, be considered as agents, servants, or employees of the Department or the State of Ohio. The Review Appraiser acknowledges and agrees any individual providing personal services under this Agreement is not a public employee for purposes of R.C.

Chapter 145.

VIII. RELATED AGREEMENTS

A. The work contemplated in this Agreement is to be performed by the Review

Appraiser, who may subcontract without the Department’s approval for the purchase of articles, supplies, components, or special mechanical services that do not involve the type of work or services described in Section II, Scope of Work, but which are required for its satisfactory completion.

1. The Review Appraiser shall not enter into other subcontracts related to the work contemplated in this Agreement without prior written approval by the Department.

All work subcontracted shall be at The Review Appraiser’s expense.

2. The Review Appraiser shall furnish to the Department a list of all subcontractors, their addresses, tax identification numbers, and the dollar amount of each subcontract.

B. The Review Appraiser shall bind its subcontractors to the terms of this Agreement, so far as applicable to the work of the subcontractor, and shall not agree to any provision which seeks to bind the Department to terms inconsistent with, or at variance from, this

Agreement.

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C. The Review Appraiser warrants that it has not entered into, nor shall it enter into, other agreements, without prior written approval of the Department, to perform substantially identical work for the State of Ohio such that the product contemplated hereunder duplicates the work called for by the other agreements.

IX. CONFLICTS OF INTEREST, ETHICS COMPLIANCE AND COMPLIANCE WITH

EXECUTIVE ORDER 2019-12D

A. No personnel of the Review Appraiser shall, prior to the completion of said work, voluntarily acquire any personal interest, direct or indirect, which is incompatible or in conflict with the discharge and fulfillment of his or her functions and responsibilities with respect to the carrying out of said work.

B. Any such person who acquires an incompatible or conflicting personal interest, on or after the effective date of this Agreement, or who involuntarily acquires any such incompatible or conflicting personal interest, shall immediately disclose his or her interest to the Department in writing. Thereafter, he or she shall not participate in any action affecting the work under this Agreement, unless the Department shall determine in its sole discretion that, in light of the personal interest disclosed, his or her participation in any such action would not be contrary to the public interest.

C. The Review Appraiser represents, warrants, and certifies that it and its employees engaged in the administration or performance of this Agreement are knowledgeable of and understand the Ohio Ethics and Conflicts of Interest laws. The Review Appraiser further represents, warrants, and certifies that neither the Review Appraiser nor any of its employees will do any act that is inconsistent with such laws.

D. The Review Appraiser affirms to have read and understands Executive Order 2019-

12D and shall abide by those requirements in the performance of this Agreement, and shall perform no services required under this Agreement outside the United States.

X. DISCRIMINATION PROHIBITED

A. Pursuant to R.C. 125.111, the Review Appraiser shall not discriminate against any person or entity on the basis of gender, age, race, color, religion, sex, ancestry, military status, handicap, disability, or national origin as defined in R.C. 4112.01.

B. The Review Appraiser represents that it has a written affirmative action program for the employment and effective utilization of economically disadvantaged persons pursuant to R.C. 125.111(B) and has filed an Affirmative Action Program Verification form with the Equal Opportunity and Affirmative Action Unit of the Department of Administrative

Services.

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XI. RIGHTS IN REPORTS, DATA OR MATERIALS AND COPYRIGHTS/PUBLIC USE

A. All reports, data or materials prepared by the Review Appraiser pursuant to this

Agreement shall be considered “works made for hire” within the meaning of the United

States Copyright Act and shall be owned by Department, including all patent rights, copyrights, trademarks, know-how, trade secrets, and all other intellectual property rights inherent in and appurtenant thereto, and including the right to secure protection for, register, prosecute, maintain and enforce the same in any and all jurisdictions. To the extent any such reports, data or materials are deemed not to be “works made for hire,” the

Review Appraiser hereby irrevocably transfers, assigns and conveys all rights in and to such reports, data or materials to Department. Upon the request and at the expense of

Department, the Review Appraiser shall execute and deliver any and all instruments and documents and take such other acts as may be deemed reasonably necessary or desirable to document or confirm such ownership rights of Department or to enable Department to secure, register, prosecute, enforce or maintain the same in any and all jurisdictions. The

Review Appraiser further agrees that all such reports, data or materials will be turned over to Department upon completion and, in any event, no later than the date of termination of this Agreement.

B. The Review Appraiser agrees that all original works created under this Agreement shall be made freely available to the general public to the extent permitted or required by law until and unless specified otherwise by the Department. Any requests received by the Review Appraiser should be referred to the Department.

XII. LIABILITY

A. Review Appraiser agrees to indemnify and to hold the Department and the State of

Ohio harmless and immune from any and all claims for injury or damages arising from this Agreement which are attributable to the Review Appraiser’s own actions or omissions or those of its agents, officers, employees, subcontractors, suppliers or other third parties utilized by the Review Appraiser while acting under this Agreement. Such claims shall include any claims made under the Fair Labor Standards Act or under any other federal or state law involving wages, overtime, or employment matters and any claims involving patents, copyrights, and trademarks.

B. Review Appraiser shall bear all costs associated with defending the Department and the State of Ohio against any claims.

C. Review Appraiser agrees to procure and maintain, at their own cost, a professional liability errors and omissions insurance policy. Such coverage shall at all times be actively maintained in an amount not less than One Million Dollars ($1,000,000) for the duration of this Agreement, with tail coverage provided for a 5-year period following the completion or termination of this agreement. Such insurance shall be written by a company or companies authorized to engage in the business of professional liability insurance in the State with an A.M. Best rating of at least "A" or be otherwise approved in writing by the State. Upon request by any representative of the Department, the

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Review Appraiser shall provide the State with a certificate of insurance reflecting the coverage of the policy, in a form acceptable to the State as to the limits of coverage.

D. No party shall be liable to the other party for indirect, consequential, incidental, special, or punitive damages, or lost profits.

XIII. COMPLIANCE WITH LAWS

A. The Review Appraiser, in the execution of its duties and obligations under this

Agreement, agrees to comply with all applicable federal, state and local laws, rules, regulations and ordinances.

B. The Review Appraiser affirms that it has all of the approvals, licenses, or other qualifications needed to conduct business in Ohio and all are current. If at any time during the contract period the Review Appraiser, for any reason, becomes disqualified from conducting business in the State of Ohio, the Review Appraiser will immediately notify the Department in writing and will immediately cease performance of contract activities.

XIV. CAMPAIGN CONTRIBUTIONS

The Review Appraiser affirms that, as applicable to it, no party listed in Division (I) or

(J) of R.C. 3517.13 or spouse of such party has made, as an individual, within the two previous calendar years, one or more contributions totaling in excess of $1,000.00 to the

Governor or to his campaign committees.

XV. ENTIRE AGREEMENT/WAIVER

A. This Agreement contains the entire agreement between the parties hereto and shall not be modified, amended or supplemented, or any rights herein waived, unless specifically agreed upon in writing by the parties hereto.

B. This Agreement supersedes any and all previous agreements, whether written or oral, between the parties.

C. A waiver by any party of any breach or default by the other party under this

Agreement shall not constitute a continuing waiver by such party of any subsequent act in breach of or in default hereunder.

XVI. NOTICES

All notices, consents, and communications hereunder shall be given in writing, shall be deemed to be given upon receipt thereof, and shall be sent to the addresses first set forth above.

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XVII. HEADINGS

The headings in this Agreement have been inserted for convenient reference only and shall not be considered in any questions of interpretation or construction of this

Agreement.

XVIII. SEVERABILITY

The provisions of this Agreement are severable and independent, and if any such provision shall be determined to be unenforceable in whole or in part, the remaining provisions and any partially enforceable provision shall, to the extent enforceable in any jurisdiction, nevertheless be binding and enforceable.

XIX. CONTROLLING LAW

This Agreement and the rights of the parties hereunder shall be governed, construed, and interpreted in accordance with the laws of the State of Ohio. Appraiser consents to jurisdiction in a court in Franklin County, Ohio.

XX. SUCCESSORS AND ASSIGNS

Neither this Agreement, nor any rights, duties, nor obligations hereunder, may be assigned or transferred in whole or in part by Appraiser, without the prior written consent of the Department.

XXI. OPEN TRADE

Pursuant to R.C. 9.76, Appraiser hereby declares that it is not boycotting any jurisdiction with whom the State of Ohio can participate in open trade, including the nation of Israel, and will not do so during the term of this Agreement.

XXII. FINDINGS FOR RECOVERY

G. If the potential compensation to the Review Appraiser under this Agreement exceeds

$25,000, the Review Appraiser warrants that it is not subject to an “unresolved” finding for recovery under R.C. 9.24.

H. If this warranty is found to be false, this Agreement is void ab initio and Appraiser shall immediately repay to the Department any funds paid under this Agreement.

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XXIII. EXECUTION

This Agreement is not binding upon the Department unless executed in full and is effective as of date of signature by the Department.

XXIV. COUNTERPARTS

A. This Agreement may be executed in any number of counterparts, each of which shall be deemed an original, and all of which shall constitute but one and the same instrument.

B. Any party hereto may deliver a copy of its counterpart signature page to this

Agreement via fax or e-mail. Each party hereto shall be entitled to rely upon a facsimile signature of any other party delivered in such a manner as if such signature were an original.

[THE BELOW AREA HAS BEEN LEFT INTENTIONALLY BLANK]

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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their duly authorized officers.

REVIEW APPRAISER

STEPHEN EWAN INC.

Stephen Ewan

Title: _________________________

Date

STATE OF OHIO

Department of Natural Resources

Daniel R. Balser, Chief

Division of Forestry

As Designee for: Mary Mertz, Director

Date

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November 7, 2025

President

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November 7, 2025

EXHIBIT “A”

DESCRIPTION OF APPRAISAL WORK TO BE REVIEWED

The services required of this appraisal reviewer include all items in II above, Scope of

Work. The three projects to review are outlined as follows:

1. Scioto County – “Little Smokies – Sunshine” – Owner: Applegate. 100 acres

Parcel Number Acres (per Auditor assessment)

15-0019000 100

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2. Pike County – “Pike Forest Expanstion” – Owner: BTG/Scioto Land Co.

1,240.9 acres

120654000000 12.0

120657000000 40.0

120666000000 18.0

120672000000 85.7

120673000000 80.5

120674000000 26.2

120676000000 260.5

120683000000 30.0

120692000000 8.0

120695000000 51.0

120697000000 69.0

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120698000000 100.0

120702000000 155.0

120702000000 155.0

190303000000 25.0

190304000000 64.0

190305000000 4.0

190308000000 57.0

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3. Pike County – “Sunfish Creek” – Owner: LRM, Inc. 2,962.1 acres

030276000000 48.2

030277000000 40.34

030278000000 51

030281000000 23

030283000000 32.5

030286000000 18.25

030340000000 6

030690000000 5.297

120009000000 0.8

120094000000 136.296

120101000000 6.906

120102000000 24.478

120129000000 3

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120135000000 15.229

120159000000 291.76

120184000000 4.606

120262000000 12.9

120263000000 25.1615

120265010000 9.7385

120358000000 12

120368000000 46.8

120369000000 0.9

120420000000 54

120421000000 1.75

120427000000 11.5

120428000000 20

120429000000 23

120434000000 44

120437000000 19

120439000000 30

120441000000 2

120442000000 23

120443000000 10.5

120444000000 14

120445000000 10

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120447000000 40

120448000000 3

120449000000 2

120450000000 12

120464000000 70

120465000000 27

120473000000 66.3

120474000000 3.7

120481000000 77

120492000000 26

120496000000 30

120499000000 109

120500000000 62

120501000000 32

120502000000 25

120507000000 28.24

120508000000 284.068

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120511000000 9.594

120512000000 10

120514000000 30

120516000000 26

120517000000 10.6248

120518000000 17

120519000000 0.33

120523000000 93.871

120554000000 60

120560000000 34

120561000000 15

120716030000 16.566

120771000000 13

120778000000 130.37

120859000000 71.4659

120888010000 1.191

120986000000 40

120988000000 64.5

190006000000 17.0115

190012000000 2

190051000000 5

190146000000 5.94

190156000000 22.086

190223000000 35

190262000000 59

190264000000 36.634

190265000000 11.7

190266000000 18

190267000000 26

190268000000 100

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EXHIBIT “B”

APPRAISAL REVIEW ITEMS SHALL INCLUDE, BUT NOT BE LIMITED TO:

A. The Review Appraiser shall verify, insofar as is practicable, all data, information, and assumptions of original Appraisal Report(s) under review. The Review Appraiser shall provide commentary in the Review Report(s) as to the extent to which such verification was successfully carried out, and shall provide commentary on any discrepancies discovered during the process of verifying the data and information.

B. The Review Appraiser shall consider the validity, relevance, and applicability of any Hypothetical

Condition(s) or Extraordinary Assumption(s) contained in the original Appraisal Report(s) under review. The Review Appraiser shall provide commentary in the Review Report(s) as to the extent to which such Hypothetical Condition(s) or Extraordinary Assumption(s) were or should have been properly applied.

C. The Review Appraiser shall prepare a Review Report(s) compliant with applicable Rules promulgated in the Uniform Standards of Appraisal Practice (USPAP) and shall conduct a review that would be in compliance with USPAP Standard 3 and shall deliver the Department such Review

Reports that would be in compliance with USPAP Standard 4. The Review Report shall also comply with the Uniform Appraisal Standards for Federal Land Acquisitions (“UASFLA Standards”), as applicable].

D. The Review Report(s) shall include a conclusion as to whether the original appraisal report(s) exhibits compliance or non-compliance with the applicable guidelines or standard of review, and a summary of any and all action taken to revise, amend, correct, or update the original report in an effort to achieve substantive compliance.

E. The Review Report(s), which shall be delivered electronically by standard PDF format, or consist of an original and a copy on a CD, shall, in form and substance, conform to industry-recognized appraisal practices and techniques for determining values in eminent domain proceedings. The assemblage of material shall conform to the requirements set forth by the Federal Agencies involved.

All copies of the Review Report(s) shall display original photographs (if a field review visit was conducted).

F. All other items listed in Exhibit C, Basic Procedures for Forest Legacy Program Appraisals for the

Ohio Department of Natural Resources, September 2025.

Docusign Envelope ID: 2356279D-70D6-41FD-8B85-5ECCD05F7D59Docusign Envelope ID: 41603456-3E30-40C5-9143-C03602E14AB5

Exhibit C – ADD PDF Document – “Basic Procedures for FLP FS-1088 June 2017”

Attached in DocuSign envelope.

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