separate value to each tax lot to allow for 
the equalization of values and’’; and 
(iii) by adding at the end the fol-
lowing: 
‘‘(iii) FINAL APPRAISED VALUE.— 
‘‘(I) IN
GENERAL.—Subject to 
subclause (II), after the final ap-
praised value of the Federal land and 
the non-Federal land are determined 
and approved by the Secretary, the 
Secretary shall not be required to re-
appraise or update the final appraised 
value for a period of up to 3 years, 
beginning on the date of the approval 
by the Secretary of the final appraised 
value. 
‘‘(II) EXCEPTION.—Subclause (I) 
shall not apply if the condition of ei-
ther the Federal land or the non-Fed-
eral land referred to in subclause (I) 
is significantly and substantially al-
tered by fire, windstorm, or other 
events. 
‘‘(iv) PUBLIC REVIEW.—Before com-
pleting the land exchange under this Act, 
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the Secretary shall make available for pub-
lic review the complete appraisals of the 
land to be exchanged.’’; and 
(B) by striking subparagraph (G) and in-
serting the following: 
‘‘(G) 
REQUIRED
CONVEYANCE
CONDI-
TIONS.—Prior to the exchange of the Federal 
and non-Federal land— 
‘‘(i) the Secretary and Mt. Hood 
Meadows may mutually agree for the Sec-
retary to reserve a conservation easement 
to protect the identified wetland in accord-
ance with applicable law, subject to the re-
quirements that— 
‘‘(I) the conservation easement 
shall be consistent with the terms of 
the September 30, 2015, mediation 
between the Secretary and Mt. Hood 
Meadows; and 
‘‘(II) in order to take effect, the 
conservation easement shall be final-
ized not later than 120 days after the 
date of enactment of the Mount Hood 
Cooper Spur Land Exchange Clari-
fication Act; and 
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‘‘(ii) the Secretary shall reserve a 24- 
foot-wide nonexclusive trail easement at 
the existing trail locations on the Federal 
land that retains for the United States ex-
isting rights to construct, reconstruct, 
maintain, and permit nonmotorized use by 
the public of existing trails subject to the 
right of the owner of the Federal land— 
‘‘(I) to cross the trails with 
roads, utilities, and infrastructure fa-
cilities; and 
‘‘(II) to improve or relocate the 
trails to accommodate development of 
the Federal land. 
‘‘(H) EQUALIZATION OF VALUES.— 
‘‘(i) IN
GENERAL.—Notwithstanding 
subparagraph (A), in addition to or in lieu 
of monetary compensation, a lesser area of 
Federal land or non-Federal land may be 
conveyed if necessary to equalize appraised 
values of the exchange properties, without 
limitation, consistent with the require-
ments of this Act and subject to the ap-
proval of the Secretary and Mt. Hood 
Meadows. 
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‘‘(ii) TREATMENT OF CERTAIN COM-
PENSATION
OR
CONVEYANCES
AS
DONA-
TION.—If, after payment of compensation 
or adjustment of land area subject to ex-
change under this Act, the amount by 
which the appraised value of the land and 
other property conveyed by Mt. Hood 
Meadows under subparagraph (A) exceeds 
the appraised value of the land conveyed 
by the Secretary under subparagraph (A) 
shall be considered a donation by Mt. 
Hood Meadows to the United States.’’. 
Æ 
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