1992-04-06_GENERAL DOCUMENTS - C1981017

• Permit No: C1981017
• IBM Index Class Name: GENERAL DOCUMENTS
• Doc Date: 4/6/1992
• Doc Name: Bid Documents ‎(IMP)‎
• Permit Index Doc Type: General Correspondence
• Media Type: D
• Archive: No

Mid- Continent Resources
May 19, 1988
Page - 2 -
Garfield County
es.
has three distinctively different economic influence zones.
The e extremely long east /west dimension of the
of Glenwood Canyon and extends
County begins the easterly end
to the Utah State line.
The
western most zone is notable in that it is very sparsely populated. The
community centers in counties north and south
o f westerly Garfield county are
the centers of economic influence for this area.
ich
second area of economic import is the central Garf
arounextenda, which
is notable by the presence of the Colorado River.
Colorado River Valley from the Town of New Castle to westerly of Parachute,
This Parachute
of
Colorado where the Colorado River and iwelol leave
suited for agricultural use, which
the Colorado River Valley is broad
its dominate use. Community centers within this economic zone include
Towns of New Castle, Silt, Rifle and Parachute - Battlement Mesa (formerly
Grand Valley). This area was at the center of thErecent vject in of which
982
began in 1978. The announced shut down of the
signalled the beginning of the bust phase of the oilshale boom /bust cycle.
Thy The Cit of Rifle is the largest and most dominate commun thin the wit l.mitn
the time period 1978 to 1982, the number of dwelling units
of Rifle more than doubled. While statistical data
illustrate the ailable the
remainder of the area, the Rifle City data tends to
inventory buildup of finished real estate proper within the a The Exxon
S dow the area subsequent
types population real estate.
supplied
Property values have declined in varying degrees in all three areas in recent
p Y
time.
The real
middle, or Rifle area, has suffered the greate sendf most substa significant
fiat real
estate value declines. This is Q of inventories in response to the oilshale
estate development and buildup
boom. The Rifle area, after the crash of oilshale development and the
substantial decline in oil prices, is left with
areas
developed property. Prior to the development of oilshale, theri Rifle support
primary economic influence was agricultural and agricu
services coupled to a very moderate growth rate. The
through istin normal g Pl h
developed properties will take many years to consume
major
rates without the renewal of major oilshale many
shifted more toward future development and inve h gene d bes use best use
are now shifting back to a strictly agricultur e 9
Prior to the oilshale boom, the eastern portions of
Fork Valley great the
Communities of New Castle and Silt served the 9
bedroom communities.
Applegate & Co. Real Estate Appraiser