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Valuation of Conservation Easements
Note: You must be a minimally Certified General Appraiser to register
EMAIL   Date: October 15 - 19, 2012   Location: Austin, TX
 
  Course    
Category  Other [Oth]  
Attendance Hours  31.0  
Exam Hours  2.0  
Current Price  $ 775.00 AI
$ 875.00 Full
 
  Instructor    
James J. Jeffries, MAI  
Charles S. Seely, MAI, ARA  
    
 
  Location    
Name  Farm Credit Bank  
Address  4801 Plaza on the Lake Drive  
City  Austin  
State  TX  
Zip  78746-1073  
 
Click Here to check state approvals
     
 
  Sponsor / Contact    
Chapter  Austin
Website  www.austinai.org  
Contact Name  Sandra Cardona  
Email  sandra@austinai.org  
Phone  (512) 761-8768  
Fax  (866) 459-9051  
 
  Description    
The valuation of conservation easements has come under increasing scrutiny in recent years. The Internal Revenue Service has an obvious concern over its impact on tax receipts and Congress has focused on perceived abuses in the tax treatment of gifts of conservation easements. In addition, many state agencies have raised similar concerns at a state level. Valuation of Conservation Easements is an intense, advanced level educational endeavor dealing with one of the most controversial and scrutinized topics in valuation. It is designed for general certified appraisers who understand the methodology in the approaches to value and are ready to embark on understanding the intricacies involved in an often misunderstood and difficult type of appraisal.

This advanced program will expose the participants to how broad the valuation of conservation easement really is, so the participants will learn that there are different approaches, solutions, and regulations in different areas of the country and for different clients. Participants will need to be exposed to a number of different properties so that they will have the competency knowledge of conservation easements. In particular, this course will focus on the valuation methodologies and techniques used in appraising conservation easements, as well as the regulatory framework within which conservation easements are traded.

Upon successful completion of the course, participants will be able to:
  • Understand the methodologies and techniques commonly used in valuing conservation easements.
  • Grasp state, federal, and IRS regulations and requirements relating to conservation easements.
  • Understand the range of assignments that are common in valuing conservation easements.
  • Develop an effective scope of work for a conservation easement valuation assignment, apply concepts of highest and best use analysis to that assignment.
  • Utilize a range of techniques to effectively carry out a conservation easement valuation.
  • Identify the unique issues that may apply to conservation easements and complete the assignment(s) in accordance with the various state and federal agency requirements.

Note. This course is in the Valuation of Conservation Easements Professional Development Program. Fore more information, click here.

AICP members may be able to earn Certification Maintenance (CM) credits for this activity. Visit www.planning.org/cm for a list of approved offerings.

This course is approved for GBCI CE Hours by the USGBC.


Downloads
  • Table of Contents and Overview [PDF]
  • Schedule [PDF]
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      Audience    
    Experienced general appraisers.
     
      Equipment    
    HP-12C calculator
     
      Prerequisites    
    Must be a certified general appraiser.
     
      For Further Reading    
    •  The Dictionary of Real Estate Appraisal, 5th ed.  
    •  http://www.appraisalinstitute.org/store/p-253-appraising-conservation-and-historic-preservation-easements.aspx  
    •  Uniform Appraisal Standards for Federal Land Acquisitions  
    •  Historic Properties: Preservation and the Valuation Process , 2nd ed.  
    •  Real Estate Valuation in Litigation, 2nd ed.  
     
      Disclaimer    
    Cancellation Policy
    • Up To 15 days prior to program start date, refund in full.
    • 7 - 14 days prior to program start date, $50.00 cancellation fee.
    • Less than 7 days prior to program start date, forfeit of payment.
    		   Transfer Policy
    • Up To 15 days prior to program start date, no transfer fee.
    • 7 - 14 days prior to program start date, $25.00 transfer fee.
    • Less than 7 days prior to program start date, no transfer allowed.
    		    


    Program materials can be downloaded by the student or can be picked up at the site.
     
      Additional Information    
    CHECK IN TIME: 8:00 AM, START TIME: 8:30 AM.

    This course is pending approval by the TALCB for CE credit.

    LOCATION
    Farm Credit Bank of Texas 4801 Plaza on the Lake Drive Austin, TX 78746. First floor training room. When you enter lobby you will see the receptionist desk just past the elevators. Turn left at the receptionists desk, go through a doorway and then take an immediate right.

    Farm Credit Bank of Texas
    http://www.farmcreditbank.com/
    4801 Plaza On the Lake
    Austin, TX 78746

    Google Map below

    LINK
    http://maps.google.com/maps?f=q&hl=en&geocode=&q=4801+Plaza+on+the+Lake,+Austin,+TX+78746&sll=43.987487,-82.835261&sspn=0.008707,0.015621&ie=UTF8&z=16&iwloc=addr

    TRAFFIC
    In the morning there is congestion both north and southbound on Loop 360/Capital of Texas Hwy. Both southbound and northbound traffic will be heavy in the morning so be sure to allow enough time to arrive on time. Before turning right on Plaza on the Lake you will be in a long line of traffic and be tempted to use the shoulder to turn and save time. Please be warned sometimes there is a police car waiting to issue warnings and tickets. So do not use the shoulder.

    DIRECTIONS/ MAP TIPS
    Directions on Loop 360 going northbound to Farm Credit is tricky because of the lake and bridge so here is how to get to the building if you're driving northbound on Loop 360. Once you pass the light at Westlake Dr. you go 1/4 mile and stay in your right lane. You will see the Farm Credit building on the other side of the road and a grass median in between. The rust colored bridge is just ahead. You will see a sign that says 'boat ramp', take this road. It winds under the bridge and you come out on the southbound side of the road. Right after ;you come out from under the bridge you will see the sign that says "Plaza on the Lake" and take a right on this road. You will drive uphill and turn right into the first driveway.

    Southbound on Loop 360 is easier. You will cross the rust bridge and take an immediate right a few meters after exiting the bridge. Plaza on the Lake. The actual address for mapping is

    Tip for reading maps for Austin, since we love to have alternate names for our roads. Capital of Texas Hwy is the same road as Loop 360. Mopac is the same as Loop 1. Research Blvd is the same as 183 or US 183. Ben White Blvd is the same as 290 when it is the stretch between IH-35 and Loop 1/Mopac.

    PARKING
    Please be sure to park in the parking garage or above the parking garage which is at street level. Do not park in reserved or visitor spots as they are only available for short term parking. As an all day visitor it is best to park in the garage which is at the end of the driveway.

    FOOD AND BEVERAGE/BUILDING POLICIES
    Snacks and beverages will be provided throughout the day. Lunch is on your own. You will have a break for lunch and a list of restaurants in the immediate area is available in case you need to make plans or have any dietary concerns you want to address before hand. A break room with refrigerator and microwave is available for those who wish to bring their own lunch.

    RESTAURANTS IN THE AREA
    BerryHill Baja Grill (Tacos, fish)
    http://berryhillbajagrill.com/

    Trento360 (Italian, pizza, pasta, panini and grilled entrees)
    http://www.trento360.com/Trento_Restaurant.html

    Maudie's Milagro (Tex-Mex)
    http://www.maudies.com/

    Dragon Gate (Asian Cuisine)
    http://www.austindragongate.com/

    360 Uno and The Pizza Gallery (Pizza and paninis and coffee)
    http://www.360uno.com/

    Waterloo Ice House 360 (burgers, sandwiches and salads)
    http://www.waterlooicehouse.com/

    Siena Ristorante (Tuscan style Italian, wood grilled entrees and pasta)
    http://sienaaustin.com/

    The County Line on the Lake (BBQ)
    http://www.countyline.com/CountyLineLake.html

    Eleven Plates and Wine Restaurant (Soups, salads, sandwiches, wraps)
    http://elevenplates.com/

    For additional questions contact Sandra Cardona at 512-761-8768 or sandra@austinai.org. Thank you!

    HOTELS NEAR LOCATION:

    Candlewood Suites 9701 Stonelake Boulevard 512-338-1611 http://www.candlewoodsuites.com/

    Courtyard by Marriott Austin Northwest Arboretum 9409 Stonelake Boulevard 512-502-8100 800-627-7468 http://www.courtyard.com/

    Crestwood Suites, 12989 Research Blvd./US 183 North, Austin, TX 78729, 512-652-4300, http://www.crestwoodsuites.com/

    Embassy Suites Arboretum, 9505 Stonelake Blvd., Austin, TX 78759, 512-372-8771, http://embassysuites1.hilton.com/

    Extended Stay Deluxe Austin NW Research Park, 12424 Research Blvd., Austin, TX 78759, 512-219-6500, http://www.extendedstaydeluxe.com/

    Extended Stay America Arboretum, 10100 Capital of Texas Hwy, Austin, TX 78759, 512-231-1520, http://www.extendedstayamerica.com/

    Extended Stay Deluxe North, 2700 Gracy Farms Lane 512-833-0878, http://www.extendedstaydeluxe.com/

    Fairfield Inn & Suites Austin NW 11201 N. Mopac 512-527-0734 800-228-2800 http://www.fairfieldinn.com/

    Hampton Inn Austin - NW Arboretum 3908 West Braker Lane 512-349-9898 800-426-7866 http://www.hamptoninn.com/

    Hilton Garden Inn Northwest Arboretum, 11617 Research Blvd., Austin, TX 78759, 512-341-8200, http://hiltongardeninn.hilton.com/

    Homestead Studio Suites Arboretum, 9100 Waterford Centre Blvd., Austin, TX 78758, 512-837-6677, http://www.homesteadhotels.com/

    Homewood Suites by Hilton Arboretum, 10925 Stonelake Blvd., Austin, TX 78759, 512-349-9966, http://homewoodsuites1.hilton.com/

    Homewood Suites 3908 West Braker Lane 512-349-9966 http://www.homewood-suites.com/

    Holiday Inn Northwest Plaza Arboretum Transportation provided within a 5 mile radius 8901 Business Park Drive 512-343-0888 http://www.hotelaustin.com/

    Hyatt Place-Arboretum Area 3612 Tudor Boulevard 512-231-8491 ($179/Standard) http://www.hyatt.com/hyatt/place

    Hyatt Summerfield Suites Austin/Arboretum, 10001 N. Capital of Texas Highway, Austin, TX 78759, 512-342-8080, http://austinarboretum.summerfieldsuites.hyatt.com/

    LaQuinta Inn & Suites North Mopac 11901 North Mopac 512-832-2121 800-531-5900 http://www.lq.com/

    Renaissance Austin 9721 Arboretum Boulevard 512-343-2626 800-468-3571 http://www.renaissancehotels.com/

    Residence Inn by Marriott, 3713 Tudor Blvd., Austin, TX 78759. 512-502-8200, http://www.marriott.com/hotels/travel/ausri-residence-inn-austin-northwest-arboretum/

    Springhill Suites by Marriott Northwest, 10936 Stonelake Blvd., Austin, TX 78759, 512-349-0444, http://www.marriott.com/springhill-suites/travel.mi

    Staybridge Suites 10201 Stonelake Blvd 512-349-0888 http://www.ichotelsgroup.com/

    Towneplace Suites by Marriott Northwest, 10024 Capital of Texas Hwy, Austin, TX 78759, 512-231-9360, www.marriott.com

    Transportation

    Shuttles?
    SuperShuttle:?- Airport Reservations: 1-800-BLUE VAN (258-3826)?- Groups and Charters: (512) 929-3900 ext. 4 (after hours use ext. 2)?- AusSales@supershuttle.net

    Taxis?
    Minimum fare for taxi customers is $12.85 this includes $1.00 airport surcharge. All taxis have a 4 passenger maximum excluding children 12 years and under. All taxis accept major credit cards.?Yellow Cab: (512) 452-9999 ?Austin Cab: (512) 478-2222?Lone Star Cab: (512) 836-4900

    Rental Car Companies
    ACE Car Rental of Austin: (512) 530-3900 ?Advantage Rent A Car: 1-800-777-5500?Alamo / National Rent-A-Car: (512) 530-3500 ?Avis Car Rental: (512) 530-3400 ?Budget Rent A Car: (512) 530-3350 ?Dollar Car Rental: (512) 530-7368 ?Enterprise Rent-A-Car: (512) 530-8100 ?Hertz Car Rental: (512) 530-3600 ?Thrifty Car Rental: (512) 530-6811

    Car2Go Austin
    http://www.car2go.com/austin/en/concept/

    •  Map to Farm Credit Bank