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<br />",1. 1""_ <br /> <br />. Professional Agri Service <br />Larry C. Whiteman A.R.A. <br /> <br />e-mail: larry@proagrealty.com <br />CeIl Phone: 970-260-5146 <br /> <br />87621-1/2 Road <br />Grand Junction, CO 81505 <br />Gr. Jet. Ph: 970-858-7424 <br /> <br />555 Breeze St. #120 <br />Craig. Colorado 81625 <br />Craig Ph: 970-824-4461 <br /> <br />March 12, 2002 <br /> <br />Colorado Water Conservation Board <br />Department of Natural Resources <br />1313 Sherman Street, Room 721 <br />Denver, Colorado 80203 <br /> <br />RECEIVED <br />MAR 1 5 2002 <br /> <br />0IIDmd0 _C/onseIvaIion Board <br /> <br />Attn: John Van Sciver <br /> <br />Dear Mr. Van Sciver: <br /> <br />This letter is in reply to your request sent by fax on March 5, 2002, for a preliminary opinion of <br />value on some parcels ofland owned by John Peroulis and Sons, located north of Craig, Colorado <br />in the vicinity of the Martin Cull Reservoir site. The Martin Cull Reservoir has historically stored <br />water for irrigation from the winter and early spring snowmelt for use during late spring and <br />summer on land to the southwest near Highway 13-789. Apparently the reservoir can no longer <br />safely store water and has been condemned. Extensive repairs and possibly a slight increase in size <br />have been proposed by the Owners to restore the reservoir for its intended use. The preliminary <br />opinion of value is requested so that you may determine if values that would be probable in a <br />soroplete ~Pl?raisal w~uld be sufficient to secure .a loan should you choose to extend credit for the <br />purpose of making the-necessary 'iepiilis -to 'the Martin Cull Reservoir: The various parcels are <br />described below. <br /> <br />Township 10 North Range 90 West of the 6th P.M. <br /> <br />Parcel #1 - SW1!4 SEl/4, (Lot 15), Section 9, containing 39.70 acres; <br />Parcel #2 - SEl/4 SWl/4, (Lot 14), Section 9, containing 39.66 acres;. <br />Parcel #3 - SWl/4 SW1/4, (Lot 13), Section 9, containing 39.61 acres; <br />Parcel #4 - SE1/4 SEII4, (Lot 16), Section 8, containing 39.45 acres. <br />Parcel #5 - SW1!4 SE1I4, (Lot 15), Section 8, containing 39.41 acres. <br /> <br />The description above reflects the "quarter, quarter" descriptions contained in your Fax <br />and also the corresponding "Lot" descriptions and acreage as shown on the Government <br />Land Office Plats. <br /> <br />The five parcels form a line of "40's" extending from east to west along the south portion of <br />Sections 8 and 9. <br /> <br />Appraisal <br /> <br />Brokerage <br /> <br />Consulting <br />