Appraisal Report for ALP Relinquishment Areas 1 & 2

LOVE APPRAISAL... INS
PURPOSE OF THE APPRAISAL
The purpose of the appraisal is to opine the market value of the U.S. Bureau
of Reclamation's perpetual easement in Relinquishment Areas #1 and #2 and the
combined areas. The intended use is for use by the U.S. Bureau of Reclamation -
Upper Colorado Region (Reclamation) on behalf of the United States of America
(USA) and the Colorado Water Conservation Board (CWCB) in connection with
Reclamation's planned relinquishment of the areas from Reclamation's perpetual
easement to the CWCB. Office of Valuation Services (OVS), acting on behalf of
Reclamation, will review the appraisal report for completeness, accuracy,
adequacy, relevancy, and reasonableness in order to develop an opinion about the
quality of the work under review. The appraisal report is not intended for any other
use. The intended users are Reclamation and the OVS on behalf of the USA. The
appraisal report is not intended for any other users. The client is the U.S.
Department of the Interior— Office of Valuation Services (OVS).
Definition of Market Value
Market value is the amount in cash, or on terms reasonably equivalent to
cash, for which in all probability the property would have sold on the effective date
of the appraisal, after a reasonable exposure time on the open competitive market,
from a willing and reasonably knowledgeable seller to a willing and reasonably
knowledgeable buyer, with neither acting under any compulsion to buy or sell,
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