203

Rice Creek Timber Tract Douglas County, Oregon

LAST ASKING: First Time Offered

SIZE: 123± Acres

ELEVATION: 1,400± to 2,200± Feet

ZONING: TR - Timberland Resource

PROPERTY INSPECTION: At Any Time (See Supplemental Information Package for Access)

FINANCING Subject to Seller's approval of Purchaser's credit: A 20% down payment with five annual payments and interest at the prime rate plus 2%. Balance is to be paid prior to any timber harvest. See Supplemental Information Package for detail regarding financing terms and conditions.

DESCRIPTION: This 123± acre tract is located six miles west of Riddle between the Rice Creek and Willis Creek drainages which are tributaries to the Umpqua River. The tract has an estimated 3,449 MBF with 60± acres impacted by spotted owl core habitat. It is estimated that the balance of the tract of 76± acres has 2,218± MBF of primarily 57± year old Douglas fir that is not impacted and is available for harvest (see Supplemental Information Package for details). The property has excellent access via Bureau of Land Management (BLM) roads to the wood products facilities in nearby Dillard, Riddle and Roseburg, comprising one of the largest concentrations of mill facilities in western Oregon. Blossom Creek Road provides access within 200 feet of the northeast corner and the existing logging roads on the property are in need of upgrading. The BLM is an adjoining owner on the eastern and northern boundaries. The topography is mostly north facing steep slopes and will require a cable-logging system. The Douglas fir site index is 103.

LOCATION: Township 29 South, Range 7 West, Section 36, Tax Lot 100.

SEALED BIDS DUE NO LATER THAN 5:00 P.M., MAY 12, 2009

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