Attachment “B”

 

Easement Values & Acquisition Costs for Round 7 (FY 2006-07)

 

 

Applicant                              Tax Map (Acreage)                                              Points                     FMV                       Easement Value

 

Strawberry Hill Farm         TM   50, Parcel 45  (329.920 acres)                     52.91 points           $6,012,000              $1,130,290

(Cismont)

 

Clayton, Jeff                         TM   56, Parcel 69  (228.500 acres)                     50.08 points           $5,217,500              $1,429,350

(Crozet)

 

McDaniel, James                 TM 135, Parcel 15A  (   0.902 acres)                  45.77 points           $1,640,279              $   385,000

(Scottsville)                    TM 135, Parcel 18    (  24.371 acres)                                                                                   $   130,900

                                                TM 135, Parcel 19    (112.270 acres)  

                                                TM 135, Parcel 22    (  39.720 acres)  

                                                TM 135, Parcel 22E  (  15.715 acres)

                             Total                             (192.978 acres)

 

Anderson, Margaret           TM 101, Parcel 60   (186.760 acres)                  44.55 points           $2,144,845              $   410,000

(Carters Bridge)                   

 

Sacre, Ruby                          TM 36, Parcel 6         (66.360 acres)                   25.51 points           $   995,400              $   263,500

(Barboursville)

 

Barksdale, John                  TM 100, Parcel 34   (153.010 acres)                   23.09  points          $1,759,615             $   400,000             

(North Garden)                                                                                                                                                                     $   352,000

 

Rives, Barclay                      TM 65, Parcel 93A1  (  3.811 acres)                   23.01 points           $1,615,000              $   600,000

(Cismont)                               TM 65, Parcel 94       (20.200 acres)                                                                   

TM 65, Parcel 95       (  4.872 acres)

                                                TM 65, Parcel 95A    (  3.978 acres)

                                                TM 65, Parcel 121     (38.840 acres)

                                                Total                             (71.701 acres)

__________________________________________________________________________________________________

Totals                                     7 Applications       (1,229.229 acres)                                                                                  $5,103,140

                                                                                                                                                                                                $4,480,940

 

 

FMV = Fair Market Value (land only) of Karen Pape’s appraisals.

Easement Value = the fair market value of the easement before adjustments (due to income) are made from the income grid.   The values in bold are the real numbers to consider because they represent the adjusted values after applying the income grid.

 

Note:  The ACE budget for this class is $1,387,500.  In addition, we should receive at least $300,000 of matching funds from the newly established Office of Farmland Preservation and another $565,000 from the Preservation Trust Fund.  PTF funds will be used to acquire Strawberry Hill Farm with the Virginia Outdoors Foundation.

 

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