Appraisal Report for ALP Relinquishment Areas 1 & 2

Legally Permissible
The potential legal uses for public purposes by Colorado government
entities include parking, open space, schools, fire stations, government offices,
governmental assisted apartments and government warehouses.
Financially Feasible
New construction in the neighborhood and surrounding land uses provide
indications of uses that would be financially feasible. Comparable Sale 1 was
purchased for residential apartment development by a private entity. Sales 3 and
4 were purchased for lodging development by private entities. Surrounding
developments include the Durango Pumping Plant on the north, warehouse, retail
and offices uses to the east and south with highway frontage, and vacant land to
the west owned by Colorado Parks and Wildlife.
As discussed in the subsequent "Easement Valuation", the demand for
parking and open space is limited. The most likely feasible uses are government
offices and/or warehouses. The other legal uses also have restricted demand. In
conclusion, the highest and best use for both larger parcels is office and/or
warehouse development by a Colorado government entity.
The following architectural conceptual plan for the proposed Animas La
Plata Water Conservancy District office on Relinquishment Area #2 shows a
potential legal use of the developable area.
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