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Last modified
1/26/2010 12:48:00 PM
Creation date
10/11/2006 11:28:32 PM
Metadata
Fields
Template:
Water Supply Protection
File Number
8447
Description
South Platte River Project
State
CO
Basin
South Platte
Date
8/1/1969
Author
Chase & Wampler
Title
Basic Data Report of South Platte River Project for CWCB
Water Supply Pro - Doc Type
Report/Study
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<br /> <br />TABULATION OF SALES, LEASES AND VALUE TREND STUDY <br /> <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />The preceding section dealt with a study of the gravel <br />production history of the South Platte River Basin from <br />approximately Hampden Avenue to the Martin plant, or a distance <br />of some 10 to 12 miles. Emphasis was on the history gleaned <br />from each individual operator; however, each operator might <br />have been working one lease or several within a single plant <br />operation. The following section tabulates and summarizes <br />the individual sales and leases, and analyzes value trends <br />shown by them. <br /> <br />On the following pages are shown nine basic gravel sales, <br />with some resales, and sixteen basic gravel leases, Some of <br />the sales and leased lands are of the same properties, as can <br />be seen on the map at page 40G. <br /> <br />Following the summarized explanations of each individual <br />transaction is a Value Trend Table at page 3%, This table. <br />takes each individual sale, starting near Oxford Avenue on <br />the north and moving south, and shows fairly graphically how <br />gravel lands have had a much higher value through the years <br />when they were located right within the market, and how that <br />value has decreased almost in direct propertion to distance <br />from market at sale date. This Table also shows if and when <br />each property was leased, the royalty rate, and the yearly <br />minimum payment, Brief explanatory remarks are included for <br />clarity, or to explain extenuating circumstances, <br /> <br />Considering dates of transactions, size of tracts, terms <br />of payment, detailed knowledge of reserves, and proximity to <br />market as primary considerations, it is apparent that the <br />area of highest value is in what can generally be called <br />"Englewood," Three sales of similar size, Parcels Nos. Gl and <br />G1A, G2, had sold in the $4,000 to $5,000 per acre range. Not <br />surprisingly, the highest value was in the most recent 1969 <br />sale; however, the earliest sale, 1958, had the second highest <br />value. Considering the relative stability of hauling costs <br />and production costs which the gravel industry has experienced <br />over about the past ten years (until mid-1968 at least), time <br />elapse is not the significant factor that it is in most real <br />estate transactions. It is quite obvious that the most <br /> <br />-15G- <br />
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