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Each of these findings includes subfindings that also must be made by the Board. Both groups of findings are attached for Board con- sideration and use (Attachment A) . Also attached are the findings prepared by the applicant in support of required findings (Attachment B) . Alternative Use of Property. In submitting a petition for a cancellation request, the landowner is required by State Law to provide a proposal for a specified alternative use of the land. The level of detail shown in this proposal must be determined by the Board to be sufficient to permit them to make the required findings. Attached is the applicant' s proposal for specified alternative uses on the 86-acre parcel , including the 18 . 73 acre portion under consideration (Attachment C) . Included in the applicant ' s proposal is a list of those governmen- tal agencies known by the applicant to have permit authority related to the proposed alternative uses . Environmental Considerations. An Initial Study, prepared for this project on November 23 , 1987 , concluded that the proposed can- cellation would not result in any significant environmental impacts . Based on this Initial Study, a Negative Declaration has been prepared. Cancellation Value and Cancellation Fees. The County Assessor has computed a cancellation value and cancellation fee for the subject property based on the factored base year method, and a cancellation value and cancellation fee based on the current market method. The figures for each of the two methods are provided below: 1 . Factored base year method: Cancellation Value: $64 , 272 Cancellation Fee: 8 , 034 ( i .e. , 12J% x 64272 ) 2 . Current Market Method: Cancellation Value: $532 ,500 Cancellation Fee: 66, 562 ( i. e. , 121% x 532 , 500 ) Prior to giving tentative approval to the cancellation of any contract, the Board must determine and certify to the County Auditor the amount of the cancellation fee that the landowner must pay upon cancellation. Conditions and Contingencies: Before the Board can execute a [ final ] Certificate of Cancellation, the landowner must satisfy the following conditions and contingencies: 1. Payment in full of the amount of the cancellation fee. Unless the fee is paid by December 31, 1987, said fee shall be recomputed as of the date of the notice from the land- owner that he has satisfied all other conditions and con- tingencies. BOS LETTER PAGE 2