Agenda - Council - 11/09/2004 - Laserfiche WebLink

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EY04-05 SITE VALUATION: ASSESSMENT OR APPRAISAL 30. If you are applying for cleanup grant funds you may submit either assessed value information or an appraisal. If you are applying for a revolving loan, you must submit an appraisal and may not submit assessor's information in place of an appraisal. The Appraisal must be completed by a qualified independent appraiser licensed under chapter 82B using accepted appraisal methodology and must include: a) The current market value (pre -cleanup) of the property, separately taking into account the effect of the contaminants on the market value. This value should include both the value of the land and, if applicable, any buildings on the Site; and, b) the value of the site after cleanup but before development (pre -construction). (Note: If you are applying for loan funds the appraisal must also show the value of the property (land and buildings) after development.) An Assessment may be used in place of an appraisal for cleanup grant purposes, but an assessed value may not replace an appraisal if you are applying for loan funds. The assessment must include a) the assessors estimated market value of the property for the latest taxable year shown on the most recent valuation notice used under section 273.12; and b) the projected assessed market value of the site after cleanup but before site development. FINANCIAL INFORMATION AND ALTERNATIVE FINANCING 31. Please submit a copy of the applicant's most current audit, or financial statement if an audit is not available. 32. Is there a possibility that the site will be cleaned up without DEED money? _ Yes No Explain your above yes or no answer. IV. DEVELOPMENT PLAN AFTER CLEANUP 33. What is the Development Plan for the site after implementation of the RAP? 34. What is the estimated cost of the redevelopments (construction costs not including the cleanup costs)? $ Of these how much is public? $ private? $ (The rest of this page is intentionally left blank) cleanup l t