Presentation on theme: "DEPARTMENT OF THE INTERIOR OFFICE OF THE SECRETARY Office of Valuation Services (OVS) IRWA Federal Agency Update March 26, 2014."— Presentation transcript:
DEPARTMENT OF THE INTERIOR OFFICE OF THE SECRETARY Office of Valuation Services (OVS) IRWA Federal Agency Update March 26, 2014
2 Office of Valuation Services (OVS) Mission: The mission of the Office of Valuation Services (OVS) is to provide independent real property valuation services in an efficient, timely, and fiscally responsible manner in accordance with the highest professional and ethical standards. Service focus: OVS works with bureau and office clients to ensure that acquisitions, dispositions and leases involving real property and mineral estates occur at market value in accordance with industry valuation standards and legal and regulatory requirements. Clients for OVS include the Bureau of Land Management (BLM), the Bureau of Reclamation (BOR), the U.S. Fish & Wildlife Service (FWS) and the National Park Service (NPS). In addition, the OVS Office of Minerals Evaluation (OVS-OME) supports these clients and the Office of the Special Trustee for Indian Affairs (OST) and the Bureau of Indian Affairs (BIA).
3 Valuation Services: Deputy Director & Chief Appraiser Office of Minerals Evaluation Office of Valuation Services: Director BLM Client Service Team NPS Client Service Team FWS Client Service Team BOR Client Service Team Oversight & Operations Quality Assurance Business Administration Bureau of Land Management National Park Service Fish & Wildlife Service Bureau of Reclamation Other Client Agencies: OST/OAS, BIA, etc. Contracting Office Business Operations OVS ORGANIZATION CHART
4 ROW ISSUES National Park Service: Communications Towers Some linear rights of way (corridors) Attempting to catalog current ROWs Bureau of Land Management Largest and most significant projects Defer to Lucas Lucero Fish & Wildlife Service Some linear, some communications, but less than BLM, NPS Bureau of Reclamation Many access ROWs, some linear, some communications towers. Other Bureau clients: BIA has a significant number, handled through OST/Office of Appraisal Services.
5 ROW ISSUES Working with BLM, NPS to develop LT plan for ROW valuation. Establish definition. Developing database of ROW information. Prioritize and value ROWs directly and with rent schedules. Calls for periodic updates to the schedules (linear and communications) Implement Guidance and Training. Current status: Still under development, completion expected in FY 15. OVS Contacts: Timothy Hansen (firstname.lastname@example.org) and Tanya Henderson (email@example.com).firstname.lastname@example.org_henderson@ios.doi.gov
6 Land Buy Back Program for Tribal Nations Massive undertaking – perhaps largest scale valuation ever attempted at Interior - $1.9 billion to spend. Significant acreage with fractional ownership interest. ~ 94,000 tracts in 150 reservations/tribal areas in twenty states ~ 245,000 individuals ~ 3 million interests > 10 million acres, with land interest transferring to the Tribe. And Ten Years to complete the program. Offers based on FMV of land as if held in single ownership, improvements not considered. Interests include surface, subsurface (mineral) and combined estates.
7 Land Buy Back Program for Tribal Nations The valuation challenge: Identification of the parcels BLM mapping parcels Determination of mineral economic potential and timber Office of Minerals Evaluation BIA Forestry Division Appraisals (reflecting minerals, timber) on ~94,000 tracts Office of the Special Trustee’s Office of Appraisal Services. Values of tracts to BBP, offers based on proportionate share. Impossible to do with site specific appraisals. Cost, time prohibitive. Decision: use mass appraisal techniques where possible.
8 Land Buy Back Program for Tribal Nations The valuation plan: Appraisal component reviewed by The Appraisal Foundation Most fractionated reservations considered for Mass Appraisal Major challenge – obtaining adequate data in non-disclosure states Site specific and project appraisals in certain circumstances Where commercial influence is high For reservations with fewer tracts. Current Status: Mass appraisals completed on two reservations, underway on three. Site-specific appraisals done on two reservations, two in process Goal to have values for ten+ reservations by end of 2014