(1) When the proposed resort area plat is filed with the department, an appraisal must also be prepared and filed by the resort developer which contains a detailed analysis of the current actual valuation of:

(a) the real property within the proposed resort area; and

(b) the structure or structures within the proposed resort area.

(2) The resort developer shall also submit a sworn statement or affidavit from the appraiser attesting to the accuracy and truthfulness of the appraisal valuation.

(3) The department may, at its discretion, any time prior to its final decision concerning a resort area determination, request that an appraisal be made of the proposed resort development by a qualified appraiser of its own choice. The cost of the appraisal shall be paid by the applicant.