Note: A copy of department appraisal guidelines are available from the DNR, Bureau of Community Financial Assistance, Box 7921, Madison, WI 53707.
Note: For example: A sponsor wishes to buy Parcel A with a fair market value of $14,000, but a purchase price of only $10,000. Parcel B, with fair market value of $20,000, has been donated to the sponsor by another landowner and the sponsor uses Parcel B as its sponsor match for grant purposes. When grant funding is provided by the department, both Parcels A and B become part of the program. The total value of both Parcel A and Parcel B is $14,000 + $20,000 = $34,000. A grant under this chapter will normally not exceed 50 percent of the total project costs, or 50 percent x $34,000 = $17,000. However, because it only cost the sponsor $10,000 to purchase Parcel A, a grant award of $17,000 would result in profit for the sponsor. Therefore, the grant award to the sponsor can only be $10,000. The remaining $7,000 in value may be used as match by the sponsor for a subsequent application within 36 months of the date the Department issues the grant contract for both Parcels A and B.
Note: Copies of the department's easement standards and guidelines are available from the DNR, Bureau of Community Financial Assistance, Box 7921, Madison, WI 53707.
Wis. Admin. Code Department of Natural Resources NR 51.006