CA DEPT WATER RESOURCES 1 - 2005

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Agreement No. P13-052 SAP No. 4600002935 Exhibit D APPRAISAL PROVISIONS 1. Grantees shall provide DWR two copies of all appraisal reports. 2. The property owner or a designated representative will be offered the opportunity to accompany the appraiser during property inspection. . The appraisal shall include a statement that the owner or representative was given this opportunity, and that they accepted or declined. If the offer was accepted, the date of the inspection shall be stated in the report. 3. The report shall discuss all encumbrances of record. 4. The report shall be a complete or summary appraisal, in a self-contained appraisal report format to conform to the Uniform Standards of Professional Appraisal Practice (U8PAP) currently adopted by the Appraisal Standards Board of the Appraisal Foundation, standard and ethics of the Appraisal Institute, and the requirements of Cal. Evidence Code S822. The appraiser shall correct any omissions or errors on his/her part at no extra cost. 5. There shall be a letter of transmittal summarizing the important assumptions and conclusions, value estimate, date of value and date of report. 6. The report shall include: a. a list of assumptions and limiting conditions; b. a description of the scope of work, including the extent of data collection and limitations; c. a statement of the definition of market value as defined in 12 CFR Part 34.42, and Federal Register 55, 165 pg. 34696; d. photographs, plat maps and a legal description of the subject property; e. ownership and sales history of the subject property during the past three years; f. a regional (up to and including County, if necessary), area, and immediate vicinity (neighborhood) analysis; g. a description of improvements on the subject property, including physical age and condition; h. a history of the leasing and operating cost history of the subject property;