PUBLISHED RESERVE: $1,998,500

LAST ASKING: First Time Offered

SIZE: 618± acres

ELEVATION: 800± to 1,388± feet

ZONING: Forestry

PROPERTY INSPECTION: At Any Time

FINANCING: Subject to Seller's approval of Purchaser's credit: A 50% down payment with the balance secured by a first deed of trust, amortized over 20 years at 6.75 % interest, calling for monthly payments of principal and interest; all due and payable at the end of 2 years.

DESCRIPTION: This 618± acre timber and recreation tract is located in Snohomish County east of the town of Granite Falls, and just north of the Mountain Loop Highway. The property has excellent access from Mountain Loop Highway using USFS Road 41, which is paved approximately 1/4 mile into the property. The tract is well-stocked with pre-merchantable and merchantable timber in the 30 to 61 year old age class and contains an estimated 5,000 MBF of primarily Douglas fir and western hemlock and true fir. The pre-merchantable stands should generate additional volume within the next five to ten years. (See Supplemental Information Package for timber summary). The Canyon Creek property has primarily moderate to steep west-facing slopes and a Douglas fir site index of II-. Canyon Creek, which drains into the south fork of the Stillaguamish, has almost two miles of frontage along the property, providing some potential conservation opportunity for a new owner.

LOCATION: Township 31 North, Range 7 East, Sections 25 and 36. From the town of Granite Falls, follow Mountain Loop Highway east approximately 7 miles to 278th Drive North. Turn left. Bear right onto USFS Road 41 and follow approximately one mile to the south property line.

SEALED BIDS DUE NO LATER THAN 5:00 P.M., NOVEMBER 18, 2009

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