WSP02978

• 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

I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I

important thing affecting price is its location with respect
to competitive properties' locations. The second most impor-
tant factor affecting price would be the percent of recoverable
salable material in relation to gross product mined. Since the
South Platte River Basin is geologically similar within the
area of study, the percent of waste affects all properties
about equally, differing only as to the primary product each
operator sells. (For instance, Peter Kiewit Sons produces
almost exclusively material for roads, prefers a dry mining
operation, and can find a better market for fines; whereas,
Pre-Mix Concrete Company, for example, sells almost exclusively
concrete aggregates, is possibly helped by the natural washing
which occurs in a wet operation, and considers almost all of
.the fines as waste.)

There is a distance of about three to six miles between
the Englewood sales, Gl, GIA, and G2, and those sales generally
classed as "Littleton," which are numbered G3, G4 and G5. The
price range in this area for gravel is from about $1,800 to
slightly over $3,100 per acre. The smallest unit value is, as
would be expected, for the largest parcel of land. The three
sales in this area all took place from 1958 to 1960, and are
thus fairly old. It is important to realize, however, that
other lands in the area which are under lease were negotiated
as far back as 1955 and that, combining the leased properties
and the sale properties together, virtually all of the important
contiguous gravel-bearing land was controlled by 1960. There-
fore, no important sales of new gravel land could have been made
after 19,60. The Value Trend Table describes these three sales
as being fairly close to market at sale date. It should be
emphasized that this is a relative term and may be somewhat more
true for one operator than another. The essential point, though.
is that farther removal from population density is generally
expressed positively by lower acreage value. regardless of
time, or existence of a temporary market.

The last general grouping of sales has been called
loosely "South of Littleton." In reality, this described
area encompasses about 2~ miles, and would begin from one to
about five miles farther south than the Littleton group of
properties. This is group Nos. G6 through G9B, and the
effective value range is from about $500 to about $1.500 per

. -16G-