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The valuation is based on replacement of the same species in a location back from where <br />the road cut may eventually end. This would be 12-15 feet back from the preset cut. <br />Nursery stock ofDouglas-fir is not readily available but it is believed 2-4 foot stock can <br />be obtained. Ponderosa pine could be substituted For the Douglas-fir since they grow <br />naturally in the same ecosystem. Trees larger than 4' would be too difficult to handle and <br />move to the planting site. When replacing larger trees, a reasonable approach is to use <br />smaller survivable-sized trees and determine the number of years for them to reach and <br />equivalent size (called parity). In 30 years, aDouglas-fir or ponderosa pine could reach <br />a size that would create a forested effect and would be similar to other younger trees now <br />in the area. <br />To determine the monetary value, the cost of the tree and its installation are compounded <br />over the 30 year time period. A 6% interest rate is used for this valuation (Federal <br />Discount Rate for Project Evaluations). The figures are then adjusted for location (42%) <br />and condition of the original trees (87%). Since the site is rocky and dry and a nursery <br />would not likely plant and guarantee the trees, two trees are recommended for each tree <br />that maybe lost. The basis of this is there could be 50% mortality. <br />In addition to the installed plant cost, there is a maintenance cost. Transplanted trees <br />need water for survival. It is estimated irrigation will be needed for four years after <br />planting. An irrigation system with a 1"poly pipe running from the dwelling to the <br />planting site along with drip emitters for distributing the water will be required. Thirty <br />gallons of water should be applied monthly if rainfall is not adequate. This irrigation <br />pipe can be attached to the dwellings outside spigots. Rather than poly pipe, sections of <br />garden hose can be run to the trees as needed. The cost of installation and maintenance <br />for four years is $900. <br />Based on the Replacement Cost Method, I determined values as: <br />Installed Plant Cost $3,600. <br />Maintenance Cost $ 900. <br />Total Apprised Value $4,500. <br />In my opinion, the Trunk Formula Method reflects the most accurate estimate of value in <br />this case. <br />The Cost to Cure Method of valuation is also appropriate. As previously mentioned, the <br />construction of a retaining structure to prevent continued sloughing is an option. A <br />retaining structure or wall would prevent further damage to the existing trees. If the cut <br />slope was stabilized and soil placed over the exposed roots, there would not be a loss of <br />the trees. The determination of this cost is an engineering function and beyond the scope <br />of general Plant Appraisal. <br />