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John Van Sciver Page 2 The parcel was purchased June 30, 1995 from Georgiou for $ 60,000.00. The Warranty Deed is recorded as Reception No. 360594, Moffilt County Records. I did not make a physical inspection of the property at this time, however I have been on the property in previous years and am very familiar with the area. Brief description of the parcel; See attached plat map: The parcel encompasses the Wlf2 E1I2 of Section 17 and contains 157.66 acres more or less according to the Government Land Office Plat. Terrain is rolling to moderately steep at an elevation of 7,500 to 7,800 feet. Vegetation consists of native grasses with sagebrush, gambrel oak and serviceberry cover. It borders a bloc of BLM land on the west side of the south half which contains about 240 acres and lies just 1/4 mile west of a larger bloc of BLM land which contains about 1,240 acres. It is assumed the parcel described above would be provided with a legal access from County Road 38. At the present time County Road 38 is maintained during the winter to the point where an . access road would begin. There are no utilities, telephone or electric, to the subject parcel. The closest location of existing utilities would be about 2.5 miles away, near Highway 13-789. The Routt National Forest boundary is about 2.25 miles east of the property, the Martin Cull Reservoir is about 3/4 mile east of the Northeast corner of the property, County Road 38 is just under 1/2 mile North of the North boundary of the property and State Highway 13-789 is just over 2 miles to the west. With the reservoir, the BLM lands adjacent to or nearby and the proximity to National Forest, the parcel would be very desirable for recreational activities. The immediate area surrounding these parcels is owned by John Peroulis and Sons and is utilized for summer grazing in their extensive livestock operation. About 2 to 3 miles northeast is the Wildemess Ranch mountain subdivision which has a large number of recreational and summer homesites, mostly on 5 acres but a few on up to 40 acres. This subdivision is at a higher elevation with more desirable tree cover, has improved roads but nil utilities and no winter road access. To the north of Wilderness Ranch is the Bakers Peak niountain subdivision which consists of numerous recreational and sunnner homesites, mostly on 35 acres. This subdivision has some Aspen and Spruce timber cover in addition to Oak and Serviceberry, has only primitive roads, no utilities and no winter road access. Both of the mountain subdivisions have numerous .cabins and summer homes as well as many vacant land parcels. It is my opinion that the parcel as part of the Peroulis operation would have a highest and best use for agriculture, specifically sunnner grazing for livestock. If separated from the balance of the Peroulis property, and given the fact that there are mountain subdivisions and homesites nearby, it is my opinion that the highest and best use would be for rural recreational or summer homesite or four individual recreational sites. Professional Agri Service pro AI1