Minam River Lodge
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Minam River south of Red’s Horse Ranch
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2,400± foot runway located between horse barn and river

FURNISHINGS, EQUIPMENT AND FIXTURES

All personal property, equipment and fixtures are being sold with the Minam River Lodge, with the exception of items owned by Steens Wilderness Adventures. An inventory of these items is listed in the Supplemental Information Package with Bid Documents.

LEASE AGREEMENT

Minam River Lodge is being sold subject to a lease with Steens Wilderness Adventures (SWA), which has operated Minam River Lodge since 2006 (see Supplemental Information Package for copy of lease). The two-year term expires December 31, 2011. The rent is $4,000 per year, and in consideration for the modest amount, SWA maintains and makes improvements to the Lodge and runway, as outlined in the lease. The agreement allows the owners of Minam River Lodge to utilize the Lodge and its facilities at a rate of $45 per day for adults and $35 per day for children 12 and under, as well as personal use of the airstrip. The lease may be terminated upon the sale of the property, subject to a lease buy-out agreement.

PERMITS

Minam River Lodge has permits from the U.S. Forest Service for water and the airstrip. SWA has a special use permit for its commercial outfitting and guiding operations.

ZONING AND LAND USE REGULATIONS

The Wallowa County zoning is Timber Grazing. The Minam River was designated a Wild and Scenic River in 1988. The replacement of improvements is allowed with certain conditions (see Supplemental Information Package for details).

TAXES

2009-2010 taxes are $3102.15. The property is assessed under a timber deferral.

INSPECTION - BY APPOINTMENT ONLY

Prospective bidders are encouraged to inspect the property, which can be arranged by Realty Marketing/Northwest. Advance notice is required. SWA is operating Minam River Lodge from Memorial Day through Labor Day and will be on site to facilitate inspections and may be able to provide overnight accommodations, based on availability. See www.minamriverlodge.com for rates. Access to Minam River Lodge can be arranged through air charter from either La Grande or Enterprise, Oregon. The flight is less than thirty minutes. Please contact the Auction Information Office for details. There is also access by hiking or horseback via an eight and a half mile trail from Moss Springs Trailhead, which has access from Highway 237 from Cove, Oregon.

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View south of pasture and horse barn
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Old growth ponderosa pine and fir are located on
90± acres of the property.
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On-site sawmill is used to maintain and make improvements to the property
SEALED BIDS DUE NO LATER THAN 5:00 P.M., AUGUST 18, 2010
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  522 SW 5th Ave., Suite 1250, Portland, Oregon 97204