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I <br /> the balance being Federal, State , and County land, it is then <br /> noted that the pressure for development and demand for property <br /> is greatly increased. It is therefore reasonable to anticipate <br /> that property values and development land values will increase <br /> in value. <br /> TOWN OF CARBONDALE <br /> The Town of Carbondale is located near the southeast corner <br /> of Garfield County in West-Central Colorado. It is at the junc- <br /> tion of State Highway 82 connecting Glenwood Springs and Aspen at <br /> State Highway 133 which leads southward towards Redstone , Marble , <br /> and Paonia. It is near the junction of the Roaring Fork and <br /> Crystal Rivers. In 1974 , the incorporated land area was 248 acres . <br /> Current Town estimates place the incorporated area from 575 to 600 <br /> acres . <br /> Population within the Town limits of the 1970 census was 726 . <br /> The 1976 estimated population was 1 , 885 . The current estimates by <br /> the Town are 2 , 300 . <br /> Real estate values within the community are trending upward. <br /> This can be attributed primarily to a reasonably good demand brought <br /> about by coal mining expansion in nearby Pitkin County and a down- <br /> valley demand brought about by the slow growth policies by the <br /> governments in the Aspen area. <br /> The growth rate within the last three years in the Carbondale <br /> area has been greater than in any other part of Garfield County. <br /> Real estate values in the Carbondale/Glenwood Springs area <br /> have been trending upward. Subdivision and land development re- <br /> gulations which were brought about by Colorado Senate Bill 35 in <br /> 1972 , have increased development costs and decreased the supply <br /> of buildable land. The value escalation trend of residential and <br /> buildable commercial/industrial land has been at a rate substan- <br /> tially in excess of ordinary inflation. There is a good demand <br /> for commercial and light industrial space in the face of a limited <br /> supply. It is reasonable to anticipate this trend will continue. <br /> SITE DESCRIPTION <br /> The tract contains a gross land area of 12 . 45 acres . The <br /> site is irregular in shape. The land is bordered on the north by <br /> Merrill Avenue and the Colorado Meadows residential subdivision. <br /> It is bordered on the south by the Denver-Rio Grande Railroad <br /> track, is bordered on the east by vacant land which is at a lower <br /> elevation than the subject land and has minimal vehicular access <br /> and a high water table which makes development unlikely. The site <br /> is bordered on the west by other ownerships which are used for <br /> warehouse and equipment storage. <br /> -7- <br />