N E W M AR K V AL UAT I O N & A DV I S O R Y
Site Analysis GENERAL DESCRIPTION Land Area
The subject site contains 2,700.00 acres, or 117,612,000 square feet of land area.
Topography
The site is rolling terrain. The topography does not appear to bear any development limitations.
Drainage
No drainage problems were observed at the time of field inspection, and none were disclosed to the appraisers. Please note that this feasibility study assumes that surface water collection, both on-site, off-site and in public streets adjacent to the subject, is adequate.
Environmental Hazards
An environmental assessment report was not provided for review, and during our inspection, we did not observe any obvious signs of contamination on or near the subject. However, environmental issues are beyond our scope of expertise. It is assumed that the property is not adversely affected by environmental hazards.
Ground Stability
A soils report was not provided for our review. Based on our inspection of the subject and observation of development on nearby sites, there are no apparent ground stability problems. However, we are not experts in soils analysis. We assume that the subject’s soil bearing capacity is sufficient to support the subject improvements. Furthermore, it is our understanding that the subject site is not located in a seismic zone.
Utilities
Utilities are near the site, and will need to be extended. grant money is being secured to help offset this cost.
Parking
Surface parking; adequate spaces. Separate storage area (parking) for trailers and equipment, helping to improve the arrival and departure process and maximize resort aesthetics.
Other Land Use Regulations
We are not aware of any other land use regulations that would affect the property.
Easements, Encroachments and Restrictions
There do not appear to be any easements, encroachments, or restrictions that would adversely affect value. Our valuation assumes no adverse impacts from easements, encroachments, or restrictions, and further assumes that the subject has clear and marketable title.
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