01/

Estimated Purchase
Price = $5.35M

• Estimate based on comparable coastal timberland sale from Lincoln County

• Includes 3% contingency ($176K)

• Price reduced for EFM deferred work statement ($326K)

• Parcel purchase in two blocks: Block I 2021 and Block II in 2023
  (see map below)

• Final purchase price will not be determined until after property appraisal is completed.

02/

Funding Sources

• Forest Legacy Program Grants ($3.5M)

• Clatsop County ($250K)

• State and Private Grants and Donations ($200K)

• DEQ ”Green” Loan ($1.39M with $500K forgivable)

• ACWD levy ($ 0.40/$1,000
  assessed value for roughly $68K per year for 10 years)

• Timber revenues

03/

Forest Management Operations

• Harvest Guidelines: 50% to 80% harvest of available trees under current Oregon Forest Practice Act (OFPA). Forecast utilizes 50-year rotation. 

• Initial harvest: Block I in 2022; Block II in 2024

• Road maintenance in 2022  

• Timber stand improvements (old and young) in 2024

• No contingency included

• No escalation in costs/inflation included

• No non-timber harvest revenues or costs included

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