1308 Eastern Oregon Land Portfolio

7/27/2019 1308 Eastern Oregon Land Portfolio

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FOR SUPPLEMENTAL INFORMATION CALL 1-800-845-3524

REAL ESTATE AUCTION

Eastern Oregon Timber,Elk Hunting andRecreation Land Portfolio

18,749 Acres

Ly Nh F Jh Dy Rv B C S WA

D C13,440 AG Cy, O

W C5,309 AU Cy, O

R E A L T Y M A R K E T I N G / N O R T H W E S T

SEALED BIDS DUE

DECEMBER 4, 2013


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FOR SUPPLEMENTAL INFORMATION

S h pv pp, wh 46.4 py D- p p, v pjy 250% whwy-v y.

S-vppy, wh ppv-q v.


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he 18,749 acre eastern Oregon timber, elk huntingand recreation land portfolio being offered by Hood

River County is one of the largest private ownerships

within the North Fork John Day River Valley available

for sale. It is a combination of well-stocked pondero-

sa pine and Douglas-r tree farms, and has signicant

opportunities for both recreation and conservation

values. Hood River County Commission has designated

these lands as non-strategic to on-going forestry oper-

ations, and the Sealed Bid Auction is being conducted

to accelerate sales so that proceeds may be reinvested

in additional timberland within Hood River County.

heT

Eastern OregonPortfolio18,749 Acres


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A

uctionProperty

Locat

ions

e

Wilkins CreekProperty5,309 Acres

Desolation CreekProperty13,440 Acres

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13,400 acreDesolationCreek Tract isthe largest pri-vate in-holdingwithin Uma-tilla NationalForest Deso-lation CreekDrainage

The Portfolio has locations strategic to log mar-kets serving sawmills in nearby John Day, PilotRock, La Grande and Pendleton, Oregon, with ex-cellent access to Highways 395, 244 and I-84. Ex-isting timber volume of 46.4 million board feetis projected to increase by over 250%, or to 120million board feet, within 25 years, providing anew owner with the option of capturing potentialcarbon sequestration values within a working for-est easement, or of harvesting of up to 48 millionboard feet on a sustained yield. Eighty percent ofthis harvest volume would be generated from theDesolation Creek Tract.

Additionally, signicant conservation value could

be obtained from the 13,440 acre DesolationCreek Tract. It is the largest private in-holdingwithin the Umatilla National Forest DesolationCreek Drainage, which is tributary to the NorthFork John Day River, 1.5 miles from the northernend of the property.

Over ten miles of Desolation Creek runs south-east to northwest through the property and sup-ports Chinook salmon, steelhead, bull trout,brook trout and mountain whitesh. The NorthFork John Day River, and its tributaries, accountfor about 70% of the salmon production withinthe entire John Day River Basin, according to theU.S. Forest Service.

The entire 12.7 miles of riparian area along bothDesolation and Kelsay Creeks are candidates forrestoration using planting, fencing and obtain-ment of a conservation easement.

Both Desolation Creek and Wilkins Creek Tractshave recreation and hunting values due to theirlocations in the Blue Mountains near Bridge CreekState Wildlife Area, which is managed as a winterrange for Rocky Mountain Elk and mule deer.

The 5,309 acre Wilkins Creek Tract has no pub-lic access and therefore has potential for develop-ment as a private hunting preserve, and would beeligible for ve Landowner Preference Tags lo-cated within the Heppner Wildlife ManagementUnit. Twenty miles of seasonal creeks, springs andtwo stock ponds that are along the southwest sec-tion of the property, in combination with timber,meadows, rim rock and steep hillsides, all serveto provide excellent habitat for both elk and deer.

The 13,440 acre Desolation Creek Tract has pub-lic access from U.S. Forest Service Road 10, apopular route to Olive Lake which is located 12miles south and is near the headwaters of NorthFork John Day River, providing opportunity fora new owner to develop some commercial rec-

reation uses. These opportunities could rangefrom development of a commercial campground

North Fork John Day RiverDesolation Creek

see property outline on page 13


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along Desolation Creek with cabins, tent and RVcamping facilities, to a hunting base camp locatedabove the Desolation Creek Drainage which hasno public access. The property is located withinthe Desolation Wildlife Management Unit and iseligible for six Landowner Preference Tags. The

property also provides excellent habitat for bothelk and deer, with timber, meadows, ridge topsand fty miles of year-round and seasonal creeks.

In addition to potential recreation and conserva-tion values, both properties are currently leasedfor grazing, which has generated annual incomeof $27,300.

Acquisition of the 18,749 acre Portfolio, ownedby Hood River County, either in bulk or by indi-vidual property, provides a rare opportunity toown one of the largest blocks of productive timber-land in eastern Oregon, with exceptional growthpotential as a long-term forest investment, with

the added bene

ts of hunting, recreation and po-tential atainment of conservation values througheasements, or carbon sequestration, at prices thatstart at $395 per acre.

Wilkins CreekTract has no

public accessand therefore

has potential fordevelopment of

private huntingpreserve

PUBLISHED RESERVE PRICES:

100 Desolation Creek 13,440 acres $6,875,000 / $511 per acre

200 Wilkins Creek 5,309 acres $2,100,000 / $395 per acre

LAST ASKING PRICE: F T Off

FINANCING:None - All Cash. Northwest Farm Credit Services may have nancing available forqualied parties by contacting Gina Bryan at 1-800-838-4374 or [email protected].

INSPECTION:

100 Desolation Creek At Any Time

200 Wilkins Creek - Locked Gates Inspection is by Appointment, only. Please contact Auction Infor-mation Office at 1-800-845-3524 for entry permit.


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TIMBER INVENTORY

Timber on the Desolation Creek and WilkinsCreek Tracts was cruised by Aterbury Consul-tants Inc. in September, 2013.

C Dp

Timber was cruised using cruise software Pock-etEASY, a digital data recorder operated by At-terbury Consultants Inc. A total of 846 variable

radius sample plots on a 265 x 2,750 and 265by 950 rectangular grids were measured with anaverage intensity of one plot per 20 acres. Plotswere cruised using basal area factor of 10 in allstands, and trees were sighted at Dbh.

Tree heights, diameters and form factors weremeasured at each plot location, with each sampletree sorted and graded for wood quality usingEast-side Scaling and Grading Rules with a 32-foot preferred log length. Sort, grade, log lengthand defect were entered with detail, by stand, incruise report.

Estimated total harvestable volume is 46,381MBF for both properties and was calculated by At-terbury Consultants, Inc. using SuperACE, ACIsvariable bole height, variable log length cruiseprogram. Overall, 5,792 trees were measured andrecorded, yielding a net BF/Acre sample error of5.5% for Desolation Creek and 9.8% for WilkinsCreek, both at a 90% condence level.

Inventory information is being provided as a cour-tesy to the Bidder and is in no way warranted orguaranteed by Aterbury Consultants, Inc., RealtyMarketing/Northwest, or Hood River County.Prospective Bidders are encouraged to completetheir own inspection, cruise and additional acts ofdue diligence, prior to submiting a bid.

A data site has been established by RealtyMarketing/Northwest. A signed CondentialityAgreement is required in order to access the datasite. Inventory data, GIS mapping and additionalreports will be available from the data site in elec-tronic or CD form, or in printed copy, by contact-ing the Auction Information Office at 1-800-845-

3524 or at [email protected].

CONTAINED IN DATA SITE SUPPLE-MENTAL INFORMATION PACKAGE:

Timber cruise reports for #100 DesolationCreek and #200 Wilkins Creek*

Timber cruise summaryTimber description by standTimber volume by speciesCruise description with plot locationStand listCatalog species, volume

StatisticsSort and Grade

Wilkins Creek has an estimated 10,734 MBF

Desolation Creek contains 77% of the timber volume, or35,663 MBF

Tim

berInventory


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Maps and ortho aerial*Stand outlines on ortho aerialStand outline mapLand use mapTopographic mapOwnership mapLand aspect mapTimber volume by acres

Phase I Environmental Site Assessment

Zoning

Copies of grazing leases

Preliminary title report

Bid form and instructions

Purchase and sale agreement

* All maps and reports provided by Aterbury Consultants, Inc. useGIS Acres, and are not legal in reports and in maps.

N V By Sp

There is a total of 46,381 MBF with 43% ponder-osa pine, 33% Douglas-r, 9% western larch, 8%

lodgepole pine, and 6% grand r and other coni-fer. Desolation Creek contains 77% of the volume,and has a higher percentage of western larch,grand r and lodgepole pine.

*

*Source: Aerbury Consultants


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Gwh Pj 2046

DC

Annual growth is estimated at 140 board feet peryear

W C

Annual growth is estimated at 114 board feet peryear

Pj Hv Lv L-T S Y

Total projected 50 year harvest level for long-term sustained yield was prepared by Aterbury Consul-tants. Total estimated harvest is 104,190 MBF, with 81,970 MBF from Desolation Creek and 22,220MBF from Wilkins Creek. The projected annual harvest for both properties is slightly less than growthover the fty year projection.



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De

solat

ionC

reek

North Fork John Day River

C

Desolation Creek


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View to the northwest from Desolation Creek

Desolation Creek


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Cockscomb

is located

above Desola-

tion Creek, in

Section 26

Desolation Creek


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Desolation CreekGrant County, Oregon100

PUBLISHED RESERVE:

$6,875,000 / $511 per Acre

SIZE: 13,440 GIS Acres

ELEVATION: 3,500 to 4,800 Feet

HUNTING UNIT: Desolation Creek

ZONING: PF-80 (240) Primary Forest Use

DESCRIPTION: Desolation Creek is the largestprivate block of ownership within the DesolationWatershed that is tributary to North Fork JohnDay River, which is 1.5 miles from the property.Over ten miles of Desolation Creek runs on the

property and supports Chinook salmon, steel-head, bull trout, brook trout, cuthroat trout andmountain whitesh.

The North Fork John Day River and its tributariesaccount for about 70% of the salmon productionwithin the John Day Basin, according to the U.S.Forest Service. Acquisition of the Desolation CreekTract provides signicant opportunity for a newowner to obtain conservation values by restoring10.8 miles of riparian area along both sides ofDesolation Creek, or by obtaining a working forestconservation easement. Additional riparian resto-

ration opportunity locations are at Kelsay, Moon-

View south tothe DesolationCreek Tractfrom the NorthFork John DayRiver

10.8 milesof Desolation

Creek runsthrough theproperty

Hhwy 395

Tx B R

D

USFS R 10C R

Dff Mw

W Mw

DC

O-P

MhC

E FMwC

North Fork John Day River

B C S

W A

Desolation Creek

Desolation Creek

Nh F JhDy W

O F

N


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D C Owhp13,440 A

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Cockscomb

Desolation Creek

East ForkMeadow Brook

East ForkMeadow Brook

East Fork MeadowBrook


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shine, Spring, Starveout and East Fork MeadowBrook creeks. There are a total of approximately12.7 miles of sh-bearing and 38.1 miles of sea-sonal creeks on the property.

86% of the Desolation Creek Tract, or 11,601 acres,

are classi

ed as forestland, with 61% located onnorth- and east-facing slopes, having good siteproductivity. Elevations range from 3,500 to4,800 feet, with a well-developed system of bothUSFS and private roads. There are 17.1 miles ofmainline rocked road and 42.3 miles of addition-al roads, with several rock sources located on theproperty. The bulk of the property may be har-vested using ground-based systems.

The 2013 cruise estimates a total of 35,700 MBF,a 57% increase over the 2001 volume, which was

prior to purchase by Hood River County. 72%of the 2013 estimated volume is Douglas-r andponderosa pine, with the balance being westernlarch, grand r and lodgepole pine. The Seller hasharvested only 221.9 MBF during its eleven-yearownership. It has been projected that within thenext twenty-ve years timber volume will increase

by over 265% to 96 million board feet.

The Desolation Creek Tract is an excellent hunt-ing and recreation property. It has not been leasedfor hunting by the Seller. The combination of ridgetops, meadows, steep draws and plentiful water

USFS Road1003 bridge innortheast sec-tion of property

17.1 miles ofmainline rockedroads

Property isleased for

grazing.WassenMeadows haspotential fordevelopmentof a cabin withhorse barn

l


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Please Note: Sketch plan is conceptual only. Neither the Seller nor its agents have submited plan or madeany applications to a public agency.

DesolationCreek area

by old hunt-ers cabin haspotential for

development ofa commercialcampground

DesolationCreek could

accommodate aprivate creek-

side retreat,commercial

campground orhunting base

camp

LM P

WASSEN MEADOWSCABIN & BARN

FORESTED

MEADOW / GRASSLAND


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Old hunterscabin alongDesolationCreek inSection 1

USFS Road 10

Plantation

atracts both elk and deer. There are numerousopportunities to develop a private hunting retreat

along ridge tops overlooking the Desolation CreekDrainage in the southeast section of the property.Currently, the property is leased through 2014to three ranchers for grazing purposes, and gen-erates an annual income of $20,232 for a total of1,685 AUMS, at a rate of $12 per AUM. These leas-es may be terminated or re-negotiated by the newowner upon sale of the property.

Historically, a number of creek-front cabins werebuilt along the north bank of Desolation Creek.There are two remaining private in-holdings withcabins still on the property. An old hunters cabin

in disrepair remains in the southwest section. Addi-tional cabins or campgrounds could be developedby a new owner along Desolation Creek in orderto take advantage of easy accessibility and vehicletraffic on USFS Road 10 to Olive Lake, a popularcampground ten miles south of the property.

LOCATION: Township 7 South, Range 32 East,Sections 7, 8, 15, 16, 17, 18, 20, 21, 22, 23, 25, 26, 27,28, 33, 34, 35, 36 and Township 8 South, Range 32East, Sections 1, 2, 3, 4, 10, 11, 12, and Township 8South, Range 33 East, Section 6.


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D C L Cv86% 11,601 . 10% 1,377 -. Thp.


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461

View northfrom Section 8and DesolationCreek Bridge

North ForkJohn Day River

Potential site for retreat

USFS Road 1003


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D CN B F PAThv 3,074 p D C.


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*



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D C S Ky69% h v, 24,635 MBF, wh S 2, 3, 4, 5 8, whh 7,139 .


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D C LAp61% h hh- - p.


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Wassen

Meadows in

Section 28

USFS Road 10


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Wilk

insCreek

L R

South Fork Wilkins Creek


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Uh

Stock Pond

B C SWA

View northeast to Ukiah


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90% of thetimber is a

combination ofponderosa pineand Douglas-r


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Wilkins CreekUmatilla County, Oregon200

PUBLISHED RESERVE:

$2,100,000 / $395 per Acre

SIZE: 5,309 GIS Acres

ELEVATION: 3,500 to 4,500 Feet

HUNTING UNIT: Heppner

ZONING: GF Grazing/Farm Zone with CWR(Critical Winter Overlay)*

DESCRIPTION: Wilkins Creek is located eightmiles west of Ukiah, along a ridge between FiveMile Creek Drainage and Highway 53, part of the

Blue Mountain Scenic By-Way which provides ac-cess west to Heppner and east to La Grande, onHighway 244. The property is a contiguous blockof private ownership, with Wilkins Creek andits two tributaries creating a total of three drain-ages, which, in combination with the ridge top inthe southwest section, provides excellent huntinghabitat for both elk and deer. The Seller has notleased the property for hunting.

Access to both the northwest and southwest isfrom Highway 53. USFS Road 5309 provides ac-cess to the southwest corner by Elk Gate. USFSRoad 5310 provides access to the northwest cor-ner of the property. Elevations range from 3,500

View of WilkinsCreek fromUkiah

Large meadow

by Elk Gatecould accom-modate airstripand base camp

c

Five Mile Creek USFS Road 5309

Elk Gate

South ForkWilkins Creek

Middle ForkWilkins Creek

Wilkins Creek

S Bw R G Deerlick Creek

Camas Creek

Uh

Hhwy 244 L G

Hhwy 53 (BM S By-wy)

Hhwy 395

T P I-84

EG

Five MileCreek

N


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W C Owhp5,309 A


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to 4,500 feet, with 69% of the timberland havingnorth- to east-facing slopes. There is a system ofinternal logging roads which provides accessthroughout the property, but is in need of somemaintenance and repair. Approximately 9.9 milesare mainline roads and 13 miles are secondary.

The majority of the property may be harvested us-ing ground-based systems.

76% of the Wilkins Creek tract, 4,011 acres, is clas-sied as forestland. 1,255 acres are grasslands andinclude a large meadow that could easily accom-modate an airstrip. Within the grassland area aretwo stock ponds, along with an old hunters cabinthat is in disrepair. Two ranchers lease the WilkinsTract for grazing through 2014, which generates

It has beenprojected thatwithin the nexttwenty-veyears the timbervolume atWilkins Creekwill increaseby over 200%to 21.5 millionboard feet

Elk Gate islocated at endof Road 5309 insouthwest cor-ner of property

Left: Old hunt-ers cabin, near

stock pond

Right: One oftwo stock pondson propertyused for catlegrazing


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Please Note: Sketchplan is conceptual

only. Neither theSeller nor its agents

have submitedplan or made any

applications to apublic agency.

Secondary ac-cess from USFS

Road 5309in northwest

corner

Wilkins Creekcould be

developed for aprivate hunt-ing preserve,

with potentialairstrip near

Elk Gate

Land Management Concept Plan

FORESTED

MEADOW / GRASSLAND


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View east alongMiddle ForkWilkins Creek,from Section 5

Secondary access from USFS 5310/5305 with view to theeast of Stand 1

$7,092 in annual income, for a total of 591 AUMS,at a rate of $12 per AUM. Leases may be termi-

nated or re-negotiated upon sale of the property.The 2013 timber cruise estimates a total of10,750 MBF, with 90% of the volume Douglas-fir and ponderosa pine. The cruise also showsa significant 80% increase in growth since theproperty was acquired in 2002, with 5,912 MBF.The Seller has harvested only 314 MBF duringits eleven-year ownership. It has been project-ed that within the next twenty-five years, thetimber volume will increase by over 200%, to21.5 million board feet.

LOCATION: Township 5 South, Range 30 East,Sections 12, 13, 24, 25, 36 and Township 5 South,Range 31 East, Sections 19, 29, 30, 31, and 32.

*Southeast section of property that adjoins Bridge Creek State Wild-life Area.

Logging Road

Middle ForkWilkins Creek

Gate


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W C L Cv76% 4,011 . Th-.


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View southeastfrom Section36 to Five MileCreek drainageand North ForkJohn Day RiverValley


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W CN B F PAThv 2,677 pW C


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W C S Ky83% h v 8,952 MBF wh S 5, 6 7, whh 3,286 .


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W C LAp69% h hh- - p.


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Large meadowby Elk Gate inSection 36. Haspotential forsmall airstrip


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MANAGEMENT HISTORY ANDLOG MARKETS

Hood River County purchased both properties inJuly 2002. A total of 536 MBF has been harvestedsince that time, with 221 MBF from DesolationCreek and 314 MBF from Wilkins Creek. There hasbeen no other logging activity on the property.

Both Desolation Creek and Wilkins Creek havebeen managed as commercial tree farms for oversixty years by Georgia Pacic, Louisiana Pacicand Pioneer Resources.

There are sawmills operated by Boise Cascade,Malheur Lumber and Blue Mountain LumberProducts located in Pilot Rock, La Grande, JohnDay and Pendleton that process pine, Douglas-r,and white r logs. Nearby biomass markets arelocated in John Day, Pilot Rock and La Grande.

LEASES

There are ve grazing leases that extend fromApril 1 to October 31 through 2014, which gener-ate annual income of $27,327 at a rate of $12 per

AUM, or a total of 2,272 AUMs. The ve leasesmay be terminated or re-negotiated by the newowner upon sale of the property.

Desolation Creek is leased to three ranchers andgenerates annual income of $20,232. WilkinsCreek is leased to two ranchers and generates

annual income of $7,092. Copies of the leases areavailable in the Supplemental Information Pack-age with Bid Documents.

There are no other leases. The Desolation Creekand Wilkins Creek tracts have not been leasedfor hunting for the past nine years.

THREATENED OR ENDANGERED SPECIES

The Seller is not aware of any threatened or en-

dangered species within the area of the properties,and anticipates no signicant impact concerningfuture timber harvests on either Desolation Creekor Wilkins Creek.

TAX ASSESSMENT

The properties are classied as forest land for taxassessment purposes in both Umatilla and GrantCounties. 2012-2013 taxes for Desolation Creekare $9,760 and $3,060 for Wilkins Creek. The Or-egon Department of Forestry Fire Assessment fora new owner is estimated at $23,000 for Desola-tion Creek and $6,630 for Wilkins Creek. Totaltaxes and assessments are estimated at $32,760 forDesolation Creek or $2.43 per acre, and $9,690 forWilkins Creek or $1.82 per acre.

ENVIRONMENTAL SITE ASSESSMENT

A Phase I Environmental Assessment has beenprepared by Osprey Environmental LLC, and isavailable on the data site, or by contacting theAuction Information Office.

MINERALSAll minerals owned by the Seller will be conveyedto the new owner.

CONSERVATION EASEMENTS

There are no conservation easements on the prop-erties.

PRELIMINARY TITLE REPORTS

Preliminary title reports have been prepared, withcopies of the exception documents, and all are

available on the data site by CD, or by hard copy,by contacting the Auction Information Office.

Land Title of Grant County prepared the title re-port for Desolation Creek and Pioneer Title Com-pany prepared the title report for Wilkins Creek.

View northfrom Stand 7, at

Wilkins Creek


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TERMS AND CONDITIONS OF AUCTION #1308

REALTY MARKETING/NORTHWESTAUCTION INFORMATION OFFICE

Corporate Office522 SW Fifth Avenue, Suite 1250Portland, Oregon 97204

Phones (during regular business hours -

8:30 AM to 5:00 PM Pacic Time):

Portland Metro Area (503) 228 3248Toll Free (800) 845-3524

Facsimile (503) 242-1814Email [email protected]

SUPPLEMENTAL INFORMATION PACKAGE,WITH BID DOCUMENTS

More detailed information is available on the Desolation Creek andWilkins Creek properties. A signed Condentiality Agreement is re-quired in order to obtain a Supplemental Information Package, whichincludes all pertinent data provided by the Seller, and is available in ei-ther hard copy, or CD, or by email. To request a copy of the Supplemen-tal Information Package, please contact the Auction Information Officeat 1-800-845-3524 or at [email protected]

PUBLISHED RESERVE

The properties are being offered with Published Reserve Prices. Whenbidding reaches, or exceeds, the Published Reserve Price, the Seller iscommited to sell the property to the high bidder. Should the biddingfail to reach the amount of the Published Reserve Price, the Seller re-

serves the right to accept, counter or reject the high bid no later than vebusiness days following the Sealed Bid due date of December 4, 2013.

SEALED BID DUE DATE

Sealed Bids are due no later than 5:00 PM., Wednesday, December 4, 2013.

FINANCING

Northwest Farm Credit Services is the preferred lender, and nancingmay be available to qualied parties. Please see Supplemental Informa-tion Package for details.

COOPERATING BROKERS

Broker cooperation is invited. A commission of 1% will be paid to thereal estate agent whose Buyer closes on the purchase of the Property.The real estate agent must be a broker currently licensed by his/her stateof residence, or a salesperson licensed under such broker. Cooperatingbroker commission will be paid only upon close of escrow. Cooperatingbrokers will not share in any payment of liquidated damages.

No commission will be paid to any real estate agent participating asa principal in the purchase of the property. The commission will beearned and paid only upon full and nal closing by the Buyer on the

conveyance of the property and the receipt of the full purchase priceby Seller.

CLOSING

Closing must occur no later than January 20, 2014 unless extended by theSeller in writing. Prior to making a bid, refer to the Supplemental Infor-

mation Package with regard to customary closing costs including, but notlimited to, recording fees, normal prorations, title fees, transfer and/orexcise taxes (if applicable), sales tax on personal property (if applicable),local improvements and irrigation district assessments (if applicable),and document preparation fees. Buyers will be responsible for any realestate compensation taxes or rollback taxes and penalties as a result of achange in use or designation of the property including, but not limited to,a change from open space, agriculture, forest land or recreation.

ADDITIONAL CONDITIONS

(A) No claim will be considered for allowance, adjustment or rescissionbased on failure of the property to correspond to any particular expec-tation or standard, except for the Preliminary Title Report.

(B) Title insurance is available, ensuring title of the property to be infee simple, subject to no encumbrances except current taxes and assess-ments, easements, right of ways, reservations, covenants, conditionsand restrictions of record, purchase money nancing and printed ex-ceptions in the standard form Owners Title Policy. A copy of the Pre-liminary Title Report for the property should be inspected prior to theAuction.

(C) To the extent permited by law, the property will be sold As Is.Prospective buyers should examine the property and all supportingdocumentation carefully. Each bidder is responsible for evaluating theproperty and shall not rely on the Seller or sales agents. All buyers willtake possession at close of escrow.

(D) Sizes and square footages set forth are approximations only, basedon the best information available, but the actual sizes and square foot-ages may be different. All sketch plans are conceptual in nature andneither Seller nor its agents have submited plan or made applicationsto any public agency.

(E) Agency Disclosure. The selling and listing agent, Realty Marketing/Northwest, represent the Seller in this transaction.

(F) Seller has the right to postpone or cancel the Auction in whole or inpart, at its sole discretion, and to modify or add any terms and condi-tions of sale.

(G) Offer void where prohibited. Catalog will not be mailed to the resi-dents of any state in which this offering is not in compliance with thereal estate laws or other laws of that state.

(H) The information contained herein has been gathered from sourcesdeemed reliable; however, Realty Marketing/Northwest makes no war-ranties expressed or implied as to the accuracy of the information con-tained herein.

Need Help?

Realty Marketing/Northwest prides itself on the quality of its service.If at any time you need assistance please contact John Rosenthal, Presi-dent, at (800) 845-3524 or (503) 228-3248.


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REALTY MARKETING/NORTHWEST

P.O. BOX 6465

PORTLAND, OREGON 97228

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