OAR 629-033-0045: Valuation of Acquisition or Exchange Parcels

(1) The value of any asset in an acquisition, including land, timber and other assets, is equal to the price a prudent purchaser would pay in accordance with accepted appraisal practices. Unless the Board of Forestry finds that unusual circumstances exist, the value received by the Department in an acquisition or exchange shall not equal less than the value of the property transferred. (2) In assessing the value of lands to be given or acquired, the Department will conduct a biological assessment of plant and wildlife resources on the parcel(s), and a recreational resource assessment of the parcel(s) for the purpose of determining if the transaction furthers the purposes of OAR 629-033-0010 and the goals and objectives of Forest Management Plans. The assessment of biological and wildlife resources on the parcels shall be conducted by a qualified independent third party mutually agreeable to the transaction partners. The Board may consider such assessments in making its determination as to whether the proposed transaction furthers the purposes set out in 629-033-0010. (3) Unless the State Forester determines that the Department’s land exchange program could be adversely affected by the disclosure, the Department may publish, as part of the Agenda prepared for the Board prior to a regularly-scheduled meeting, a complete copy of the appraisal of the parcels before final approval of the transaction.