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<br />' , Sale 12 consists of 205 acres located south of Canon City at <br />' the headwaters of Newlin Creek. The seller was Evergreen <br />Land and Resources, a subsidiary of The Crane Corporation. <br />' The sale occurred in July of 1984 for $1,390 per acre. <br />According to the seller, the price was allocated as $100 per <br />t acre for the land, $20 per acre for oil and gas interests and <br />the remainder to the value of existing coal reserves. <br />1 <br />I Sale 13 consists of 245 acres located south of the Canon City <br />' Golf Course. The seller was Evergreen Land, and the buyer was <br />Cotter Corporation. It also occurred in August of 1984 and <br />develops a unit value of $625 per acre. The allocation was <br />$500 per acre for the land and $125 per acre for the <br />minerals. The property was encumbered by a flood control <br />easement valued at approximately $175 per acre. <br />' Valuation Analysis <br /> Sales of property without significant mineral potential <br />' indicate a <br />eneral value ran <br />e of $250 to $700 <br />er acre <br /> g g p <br />. <br />1 <br />` Variation is due to factors of size, access, topography and <br />~ potential use. <br /> Pro ertie <br />P s with r <br />P oven mineral otential <br />P are not Basil <br />Y <br /> categorized by value. Purchasers tend to evaluate such <br /> properties based on specific criteria relating to their own <br />' needs. Thus the value of a mineral deposit to a concrete or <br /> construction company is measured only by its contribution to <br />' the <br />c <br />i f th <br />h <br />l <br /> e <br />onom <br />cs o e w <br />e company. <br />o <br />' <br /> 16 <br />_1 <br />