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1 <br />' located on the back road between the Gorge and Canon City. <br />' These three sales indicate a value range of $284 to $662 per <br />acre. <br />' Sales 2, 3, 5, 10, 11, 12, and 13 are located south and east <br />' of Canon City along foothill and hogback formations. These <br />sales occurred between October of 1979 and July of 1984. <br />' Properties vary in size from 121 acres to 760 acres. Unit <br />values are from $215 to nearly $1,400 per acre. The central <br />' tendency is $536 per acre. <br />Sale 4 is located adjacent to the smaller, rail parcel of <br />subject. It was sold to Canon City and consists of similar <br />land. It was purchased in January of 1980 for $347 per acre. <br />' Properties with mineral or aggregate potential include Sales <br />' 1, 3, 12 and 13. Of these, the most significant are sales 3, <br />12, and 13. <br />' Sale 3 represents the acquisition of 243 acres immediately <br />' south of subject. It is currently mined as Snider's Quarry. <br />The sale price develops a unit value of $2,427 per acre. <br />,. According to Mr. Snider this is allocated as follows: <br />Total Price $590,000 <br />' Rail Ballast Contract $200,000 <br />Building Value $ 80,000 <br />Equipment Value $ 20,000 <br />Indicated Land Value $190,000 <br />Adjusted Per Acre Value $ 782 <br />1 <br />' <br /> 15 <br />1 <br />