Auction 1002 - Property 7

Late Addition
Spring 2010 Auction

Oregon Department of State Lands
Common School Fund Properties

Ten Timber and Recreation Tracts, from 37± to 641± Acres
Lane, Douglas, Coos and Curry Counties, Oregon
Over 27 Million Board Feet with Well-Stocked Reproduction

Reserve Prices from $62,500 to $1,498,500

40± Acres in Douglas County, Oregon

641± Acres in Curry County, Oregon

The Opportunity

Oregon Department of State Lands (ODSL) has retained Realty Marketing/Northwest under a two-year contract to sell, at Auction, Common School Fund properties, as designated by the State Land Board, to benefit the Common School Fund which provides money for Oregon's K-12 public education. Distributions to Oregon's K-12 Public School Districts in the 2009-2011 Biennium are expected to total $99.2 million.

Ten timber and recreation tracts located in Lane, Douglas, Coos and Curry Counties are being offered for sale, for both the first time and to the general public, and range in size from 37± to 641± acres. These properties contain over 27 million board feet of primarily Douglas fir timber, with 40% of the lands having well-stocked 10 to 40 year old reproduction, providing both near-term cash flow and long-term growth.

Some of these properties are between Eugene and Riddle, near western Oregon's most competitive log markets, with good access to major highways and the I-5 corridor. Four of the ten properties are located near Oregon's spectacular southern coastline in Curry County and could be used for a combination of recreation, hunting and forestry. Two of the ten properties contain a full section of land in Coos and Curry Counties, with a combination of older reproduction and merchantable timber providing opportunity for a significant long-term forest investment.

Published Reserve Prices, also known as minimum selling prices, have been established for each property and range from $62,500 to $1,498,500. Special five year Auction financing, subject to credit approval, is being provided by Oregon Department of State Lands as an added incentive to prospective buyers.

Auction Property #200 - Blachly Mountain Timber Tract, in Lane County, and Auction Property #202 - Tyee Timber Tract, in Douglas County, are being offered as part of the Realty Marketing/Northwest Spring 2010 Oral Auction on Saturday, April 24 at the Portland Airport Sheraton. The remaining eight properties, #201 and #203-209, are being offered by Sealed Bid, with Sealed Bids due May 12, 2010.

Oral Auction April 24, 2010
Sealed Bids Due May 12, 2010

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