Lake Tahkenitch and High Pass Tree Farms

	200 High Pass Tree Farm 1,413± Acres Lane County, Oregon Published Reserve: $2,850,000 Zoning: Impacted Forest Lands (F-2) and Non-Impacted Forest Lands (F-1) Elevation: 400± to 1,090± Feet Inspection: Locked Gates - Entry Permit Required

The tree farm has primarily well-stocked young Douglas fir reproduction which, combined with 95% of the land having a high site index, provides a quality long-term timberland investment. 67% of the stands are within the 6 to 20 year age class and will not start producing significant merchantable timber for 20± years. It is projected that by 2029, the pre-merch reproduction will be around 27,400 MBF with opportunity for commercial thinning. There is an estimated 1.9 million board feet of 50 to 60 year old Douglas fir ready to harvest. Existing all-weather roads and landings provide year-round access to competitive log markets.

The irregularly-shaped property extends south from High Pass Road and Owens Creek to Grimes Road and South Fork Ferguson Creek to the north. There is only a nominal amount of the Tree Farm that is not commercial forestland, which, with its well-developed, all-season road system, contributes to its ease of management. Weyerhaeuser Company is an adjoining owner, and there is an easement from the northwest portion of High Pass Tree Farm north to a county road. The property has three main entry gates, two at High Pass Road and one on Grimes Road.

Merchantable timber in Section 34

High Pass Road Frontage

Pfeiffer and High Pass Wineries are located near the Tree Farm. A preliminary evaluation was undertaken by the Seller which identifies two locations with southeast-facing slopes, one located in the northeast section, above Ferguson Creek, and the second in the southeast section, that may have potential for vineyards. A soils scientist and consultant is preparing a report on potential for vineyard development on approximately 400± acres, which will be available in the Supplemental Information Package, with Bid Documents. The F-2 zoning for the 160± acres located in Section 23, above Grimes Road, is part of the property being evaluated for a vineyard, and will also allow a homesite with a conditional use permit. This location has views east to the Willamette Valley. The lands by Grimes Road and along South Fork Ferguson Creek could be used for horses, with barn and small riding arena.

The acquisition of the 1,413± acre High Pass Tree Farm provides an excellent long-term timberland investment opportunity, with added value from development of a vineyard, and homesite, with easy accessibility to both Corvallis and Eugene, and to Oregon's central coast.

Location: Township 16 South, Range 6 West, Section 2 and Township 15 South, Range 6 West, Sections 23, 26, 33, 34, and 35. From Junction City and Highway 99 W, take West First Street which becomes High Pass Road and proceed 3.5 miles to Territorial Highway and continue west on High Pass Road 4.5 miles to Lavell Road (High Pass Winery) and continue on High Pass Road .5 mile to locked gate on right side of road. Please note use entry location 3 miles up High Pass Road to access property. Other access to Tree Farm is from Grimes Road.