S01_1.2.1_Attachment 02 Exhibit 1 NRCS Technical Reviws.pdf

Exhibit 1 – Rev. 2023

TECHNICAL REVIEW SUMMARY

NAME OF APPRAISAL CLIENT

NAME OF APPRAISER

PROPERTY NAME

ACRES

NRCS STATE

NRCS PROGRAM

ACEP-ALE

BEFORE VALUE AFTER VALUE EASEMENT VALUE STANDARDS METHOD DATE OF APPRIASAL DATE OF REPORT APPROVED FOR

USE $0.00

$0.00

N/A $0.00

N/A USPAP

Approved

TECHNICAL REVIEWER

TECHNICAL REVIEW CLIENT

EFFECTIVE DATE OF TR

DATE OF REVIEW

BPA NUMBER

Certification: YES NO N/A

1. If UASFLA standard, was the larger parcel properly addressed and defined by Yellow Book and NRCS appraisal specifications? Page:

a. If appraisal report states that the UASFLA standard is applied, but larger parcel is not defined, or the reviewer concludes that the standard method was USPAP, did the reviewer verify with the appraiser that was the intent? If Yes, date appraiser was contacted:

Documentation provide in TR narrative. (Note: It is the Entity or client responsibility to define the standard)

2. Property rights appraised for the subject property were stated as surface rights? Page:

a. If property rights appraised were surface rights, the element of comparison in the valuation methodology was adequately considered and applied for each comparable sale in the valuation analysis and appropriately applied? Page:

3. The appraiser meets the education and experience requirements? Page:

4. Same appraiser inspected the subject & comparable sales, that met the education & experience requirements & signed the appraisal?

Page:

5. The client is an entity or NRCS and not the landowner? Page:

6. There is timber included in value. Percent of total value is: 0 %. Is the volume, species and method of valuation provided in report? (Method of valuation does not always require a timber cruise but how value is determined is.)

7. HBU appropriate, properly & adequately addressed including the 4 elements for the before and after valuations? (legally permissible, physically possible, financially feasible & maximum productive)

Pages:

Before

After

8. If legal access does not exist to support the HBU, was there proof that there is enough land available to acquire legal access, any zoning changes have factual basis, investigation & research adequately addressed, & that any probable rezoning supported? Page:

9. If the HBU in the before is for residential development and the subject property has improvements, did the HBU analysis and residential development methodology of valuation address the impact to the existing improvements? Page:

10. The unit rule (summation) is not violated in any valuation methodology? Valuation Pages:

11. Quantitative adjustment greater than 15% in valuation methodology(ies) are adequately discussed, explained and supported by market data? Page:

12. The appraisal report meets all USPAP standards?

13. Were appropriate sales utilized in the report (recent/proximate/similar HBU, size, topography, etc.) and properly explained/analyzed?

14. The appraisal report meets ACEP-ALE NRCS appraisal specifications except as noted in14a?

a. List paragraph reference:

As a result of my review, the appraisal report meets USPAP standards, NRCS appraisal specifications except as noted and I Approved the appraisal report that concludes an opinion as of (date) , the market value of the subject parcel before conveyance of the partial interest is $0.00, and the market value of the subject parcel after conveyance of the partial interest is $0.00. The appraisal is valid 12 months from (effective date) or exception, appraisal only valid through

A copy of the appraisal report is attached to this technical review. YES NO N/A

a. Discussions with appraiser are included with this review?

b. Previous appraisal reports were reviewed? The report dates are:

c. Are there concerns? Briefly list concern ( continues on next page):

State Certified General, State Abbr-1234567890 Signature Title Date

Comment Section:

Exhibit 1 – Rev. 2023

TECHNICAL REVIEW SUMMARY

NAME OF APPRAISAL CLIENT

NAME OF APPRAISER

PROPERTY NAME

ACRES

NRCS STATE

NRCS PROGRAM

ACEP-ALE

BEFORE VALUE AFTER VALUE EASEMENT VALUE STANDARDS METHOD DATE OF APPRIASAL DATE OF REPORT APPROVED FOR

USE $0.00

$0.00

N/A $0.00

N/A USPAP

Approved

Concerns

Appraisal

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