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Length of Easement 4.) Is this application for a Permanent Easement? (circle) (YES) NO A. If yes, your Easement Multiplier (EM) is 1. Go to question 5. B. If no, then this is an application for a term easement of: (circle one) 20 years 30 years 40 years 50 years years (if different) The Easement multiplier is the decimal equivalent of the years in the Term Easement. Use the following guidelines to determine term multiplier for this project. • For less than 50 years use .01 for each year • For 50 years and greater use .10 + .01 for each year up to .99 The Easement Multiplier (EM) for this term easement is: Determining Estimated Values (Use only easement property and non - mobile agricultural structures on the property used in the farming operation) 5.) Total value of property to be covered by easement $355,200.00. (Must use minimum of 2 comparable property sales since Jan 1, 2011 or a 2012 certified appraisal estimate or county tax value.) 6.) Agricultural value $177,600.00. (Appraised value of land by County Tax Office and permanent structures on property used for production of agriculture.) 7.) Subtract the agricultural value in question 6 from the value of the property in question 5. This gives an Estimated Easement Value (EV) of $177,600.00. The EV is the value that is to be removed. * Applicant may use another method of determining EV provided documentation of the procedure used is included such as a 2012 state certified appraisal indicating development rights value. 8.) Multiply the Easement Value (determined in question 7) by the Easement Multiplier (determined in question 4). This gives you the estimated Maximum Allowable Request (MAR) for the easement. (EV X EM = MAR) The Maximum Allowable Request (MAR) is $177,600.00 9.) What is the grant amount requested from the ADFP Trust Fund? $44,400.00 This may not exceed the MAR established in question 8. (Place in appropriate line on page 1.) 10.) To determine the Minimum Required Match needed for the project, multiply the ADFP Grant Request (determined in question 9) by the Matching Funds Rate (MFR) (identified in question 2 or 3). (ADFPV X MFR = Minimum Required Match) The Minimum Required Match (MRM) for this project is $6,660.00 11) Matching Funds at time of application: Total Secured Match (Committed in writing) $ 66,651.00 Total Unsecured Match (Not committed but requested) $ 0.00 * Total Match (Secured & Unsecured) $ 155,451.00 * (Same as noted on page 1. Must be greater than or equal to Minimum Required Match) All secured match resources, both of cash and in -kind, must provide a letter of commitment and any qualifying parameters associated with those commitments. Page 4 of 20 Easement ApRlic�tion ttac ment number 1 P-M Page 172