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<br />- <br /> <br />- <br /> <br />- <br /> <br />- <br /> <br />- <br /> <br />- <br /> <br />- <br /> <br />- <br /> <br />Operation: The ranch is operated by Tom Hill as a year around cow calf operation. The ranch <br />will produce from 1.200 to 1.400 ton of hay and carry about 320 animal units on a year around <br />basis. <br /> <br />Tax Data: Based on 2004 assessed value and 2004 Mill Levy <br /> <br /> I Actual Assessed I I <br />i Schedule , , : <br /> . Parcel # Acreaae Value Value Tax" <br />, 692 ' 1341.103.00.002 35.77 $ 360,00 $ 100,00 $ 10,48 ReservOir <br /> 13831 1341.103.00.115 34.486 . $ 1,200,00 $ 350,00 $ 19.12 <br /> 13921 1341-221.00.105 160 $ 2 780,00 $ 810.00 $ 52,00 <br /> 13922 1341.232-00.106 40 $ 8970.00 $ 2,600.00 $ 166,92 <br /> 13923 1341.063.00.11 1 212,61 $ 2,150,00 $ 620,00 $ 33,88 <br /> 301070 1341.202-00.120 209.41 5 10.080.00 $ 2,920,00 $ 187,48 <br /> 301238 1341.113-00-124 237.554 $ 33320,00 $ 9670,00 $ 528,56 <br /> 303012 1341-141-00.133 87,4 $ 29.260,00 $ 8,49000 $ 464,08 <br /> 303015 1341.104.00-136 599.45 $431.990.00 $ 87,520.00 $ 2.659.76 Homestead <br /> 303016 1341.151.00.137 193 $ 50,060,00 $ 14.510.00 $ 793.12 <br /> 303636 1341-184.00.006 516,4 $ 5.790,00 $ 1,680,00 $ 91,84 <br /> 303917 1341-154.00-141 345.61 $ 6.710,00 $ 1.940.00 S 106.04 <br /> Total Acreane 2671,69 ..- -----. $ 5 113,28 <br /> <br />Mineral Riehts: The title policy addresses mineral rights only to the degree thatthcrc arc <br />exceptions 10 Ihe litle policy however no mineral survey was made pertinent 10 mineral rights <br />owned by Tom lIilI and any mineral rights thai may "run with the land" arc included in the land <br />value estimate. <br /> <br />Utilities: Electrical service is provided by MOlmtain Parks Electric and telephone is provided by <br />Qwest to thc improvcments on the ranch. <br /> <br />Zonine: The su~ieet property is zoned as Forestry & Open under the authority of Grand County <br /> <br /> <br />and no restrictions exisl Ibr the current use or the uses considered under highest and best use. <br /> <br />Easements: There does not appear 10 be any unusual easements across the subject property. <br /> <br /> <br />Highway 134 and county roads run through the subject property. It is assumed that there arc <br /> <br /> <br />casements or rights of way for these roads. As well there are eleetrieallransmission lines that run <br /> <br /> <br />through the subject property and it is assumed that there are easements lor that purpose. There <br /> <br /> <br />may be easements or reservations held by or made by others such as the Go\'emment. <br /> <br />Hazards and Detriments: Natural hazards and detriments could include long snow covered <br />winters with periods of extreme cold. Some rlooding may occur along rivers and/or streams <br /> <br />- <br /> <br />17 <br /> <br />- <br /> <br />- <br /> <br />- <br /> <br />- <br /> <br />- <br /> <br />- <br /> <br />- <br /> <br />- <br /> <br />-- <br /> <br />- <br /> <br />during spring run off. The short frost free growing season may limit crop production. Spring. <br />summer and fall grazing production as well as winter feed inventory may be diminished due to <br />elk and/or deer populations. Range and forest fires could occur. It is possible that Pine Beetle <br />infestation could endanger the health of the forested lands on the subject property. This is not an <br />all inclusive list of potential hazards and detriments that may impact the subject property. but is <br />meant to put the reader of this report on notice that potential hazards and detriments could exist <br />that may have a detrimental impact on the operation of the subject property and the opinion of <br />value for the subject property if these conditions were to exist for an extended period of time. <br /> <br />Hazardous Material: Unless otherwise stated in this report. the existence of hazardous material <br /> <br /> <br />was not observed by the appraiser. The appraiser. however. is not qualified to dctect such <br /> <br /> <br />material. The ranch may store. as a normal course of business. small amounts of fuel. oil. grease. <br /> <br /> <br />lertilizer. herbicides and pesticides for ranch use. These items would not be considered <br /> <br /> <br />hazardous under thcse conditions. Thc opinion of value is predicated on the assumption that <br /> <br /> <br />there is no such matcrial on or in the subject property that would cause a loss in value. No <br /> <br /> <br />responsibility is assumed lor such conditions or l(lr any expertise or engineering knowledge <br /> <br /> <br />required to discover thcm. <br /> <br />Site nata: The subject properly contains. 2.671.69 deedcd acres. morc or less. as determined by <br />Grand County Assessor rccords. Thc Grand County Asses.sor c1assilies the agrieullUralland into <br />lwo ditlerent classifications based on production; dry graze consists of the loot hills eountry of <br />the subject property and makes up the majority ofthc land classification with 2.049 acres. <br />Irrigated meadows consist of 588 acres and the homestead consists of approximately 35 acres. <br />ThiS acreage classification is ditTercnt than Ihal stated by Tom Hill. Pcr Tom I Jill. thcrc is <br />approximately 700 acres of irrigatcd meadow and the balance is allocaled to foothills and <br />mountain pasture or dry land grJzing. There is approximately 1172 acres of Iblllhills pasture and <br />800 acres of mountain paslure. Based on what is stated as hay production at 1.200 to 1.400 ton. a <br />more reasonable estimale of irrigated meadows is 700 acres. <br /> <br />Imnrovements: The following is a brief description of the improvements which are located in <br />Section 16. and in Section 15. Township 2 North. Range 81 West. Colorado State Highway 134 <br />runs through this site and separates the residences from the livestock buildings. The inl()rmation <br /> <br />18 <br />