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2008-08-01_REVISION - M1980244
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2008-08-01_REVISION - M1980244
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Entry Properties
Last modified
6/15/2021 5:52:16 PM
Creation date
8/1/2008 4:30:44 PM
Metadata
Fields
Template:
DRMS Permit Index
Permit No
M1980244
IBM Index Class Name
REVISION
Doc Date
8/1/2008
Doc Name
Public Comment Letters
From
CC & V
To
DRMS
Type & Sequence
AM9
Email Name
BMK
Media Type
D
Archive
No
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Goodrich, Gary <br />From: Carl Poch [cpoch99@yahoo.com] <br />Sent: Tuesday, July 01, 2008 5:58 AM <br />To: Newcomer, Larry; Goodrich, Gary; Comer, Timm; O'Connor, Peter; Patterson, Marie; Mannon, <br />Jane <br />Subject: Re: Home Value Impact Analysis <br />Gee, how much did this "unbiased" report cost the mine? Expect a surprise at the July <br />22nd Teller County Planning commission meeting. <br />Carl Poch 611 E. Golden <br />PO Box 570 <br />Cripple Creek, CO 80813 <br />719 689-3179 <br />--- On Mon, 6/30/08, Mannon, Jane <JMannon@AngloGoldAshantiNA.com> wrote: <br />> From: Mannon, Jane <JMannon@AngloGoldAshantiNA.com> <br />> Subject: Home Value Impact Analysis <br />> To: "Newcomer, Larry" <LNewcomer@AngloGoldAshantiNA.com>, "Goodrich, <br />> Gary" <GGoodrich@AngloGoldAshantiNA.com>, "Comer, Timm" <br />> <TComer@AngloGoldAshantiNA.com>, "O'Connor, Peter" <br />> <POConnor@AngloGoldAshantiNA.com>, "Patterson, Marie" <br />> <MPatterson@AngloGoldAshantiNA.com> <br />> Date: Monday, June 30, 2008, 2:45 PM <br />> In response to comments received, CC&V contracted with Paul Rochette <br />> of David Bamberger Assoc. to review housing prices and determine if <br />> mining operations might impact values. The Executive Summary of that <br />> report is: <br />> Executive Summary <br />> This study was completed at the request of Cripple Creek & Victor Gold <br />> Mining Company (CC&V) in response to concerns on the impacts on <br />> existing home prices should the open pit operations of the Cripple <br />> Creek & Victor Gold Mining Company move closer and become more visible <br />> to the City of Cripple Creek as part of the Ming Life Extension (MLE) <br />> of the Cresson Project <br />> In Summary: <br />> -The study concludes that the overall impact from the MLE to the <br />> surrounding housing market will be negligible. <br />> -Closure of the Cresson Project (no MLE) will significantly negatively <br />> impact local housing prices due to loss of jobs and exodus of <br />> employees from CC&V. <br />> -The Wharf mine expansion in South Dakota was adjacent to and moved <br />> towards two non-mining housing subdivisions, with no impact to housing <br />> prices or rates of transactions. <br />> -The Homestake Mine closure in South Dakota in 1997 resulted in a <br />> downward adjustment in appraised values of 5% to 30% depending on age <br />> and condition of the property. <br />> -The Lake County Colorado total valuation of property in <br />> 1986 dropped <br />> 68% due to the Climax mine closure. <br />> -The Robinson Mine closure in Ely, Nevada (1999-2001) resulted in a <br />> county-wide decrease of 25% in property values. Property values <br />> rebounded with the restart of the mine in 2005. <br />> -The Twenty-mile Mine in Steamboat Springs is selling reclaimed land <br />> into the residential market, and sales are undeterred by contiguous <br />> mining. <br />> The presence of the mining activity of the CC&V has exerted a positive <br />> effect on the local housing market. Should the mining cease, there <br />i
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