166 2358218301013550100 CALL2408391018899208294379 1-800-845-35246548391018870117187257327374444514584630700770840910 merchantable2402473014878120155194245289340369413461487529 Douglas-fir7912473014889137190239265309346375402429463 is1276247301484784 located1382247301484694133177206248302 both17062473014870118146197 north19252473014872120155184235 of2182247301486998 the23022473014850101143 400024672473014865109153197 Road2402613014859107151205 and4672613014852103157 in646261301483485 the753261301483889131 northeast9062613014860108143171223265309346375 portion13032613014861109144173198246298 of1623261301485685 the1730261301483889131 tract.1883261301483772116155184206 It2111261301483867 is2200261301483471 projected2293261301486296144165207246275317371 that240275301482980124153 growth412275301484883131205233285 within715275301487499128179205256 20990275301484488 years,1097275301484990134168206228 including1347275301482273113138191245271322371 deductions1737275301485396149202242270296344395432 for2191275301482775109 Murrelet23192753014884137171206248274316345 buffer,2402893014849102130159201236258 will530289301487499125150 be7022893014859101 1,822±825289301485577121165209253 MBF,11102893014883137186208 which13502893014873124150189240 is1612289301483673 a17072893014855 60%1784289301485498172 increase1978289301483687126161203247284326 over23262893014858108149184 the2532289301483890132 current240303301483992127162204255284 volume546303301484997123176254296 of864303301484877 1,077±963303301484466110154198242 MBF.12273033014884137186208 The2403233014854107151 property412323301485389139194238274305355 has789323301485197136 not9463233014851101131 been1098323301484993137190 surveyed1312323301483489126177220270313368 for1704323301482776113 Marbled18383233014883129166216243287343 Murrelet.22023233014883138175211255282326357381 It2606323301482758 has240337301485197136 been400337301485296140193 estimated616337301484685115143222268298342398 by10373373014852103 Northwest11673373014873123160190243318361400430 Forestry16213373014852102138182221252288339 Services1984337301484993130181208249293332 that2340337301483285131161 2192525337301484793139 acres,240351301484485121165204228 or492351301485188 62%604351301484793168 of796351301485283 the902351301483285129 Benson10553513014857101154193243296 Ridge1378351301485986142192236 tract,1638351301483269114155186210 has18713513014855101140 habitat20343513014855101151179209255285 suitable2343351301484196123153199250277321 for240365301482979116 Murrelet,3893653014883138174211255282326356380 and7933653014853106161 that978365301483891137167 an11693653014853106 additional12993653014853109164191222249299352398425 71±1748365301485399145 acres,1916365301485394131175214238 or2177365301485894 20%,2295365301485399174198 can2517365301484894147 be240379301484993 used356379301485796140195 as575379301484887 buffer.6863793014852107138169213249273 The9833793014857110154 estimated1161379301484585115142222268298342397 timber1582379301483260139190234270 value,1876379301485397124179223246 based2146379301485298137181237 on24063793014852105 the2535379301483285129 October2403933014869110140190241285321 20135853933014860106152197 appraisal8063933014860115170206252279318364392 is1221393301484281 $2,709,000,13263933014860106130176221267291337382428452 prior18023933014869105133183219 to2045393301484595 its2163393301484273112 discount2298393301487198137178228282335366 of240407301484879 90%,343407301485197172196 and5634073014851104159 the746407301483689133 pre-merchantable903407301485996140171250294331372425470523554600650677721 timber1648407301483663143193237273 value,19454073014857100128183226250 is2219407301483372 $248,0002314407301485197143189213258304350 prior240421301485389117167203 to4674213014851101 its591421301484879118 discount7324213014876104143184233288341372 of11274213014871102 25.5%,12534213014866111135181257280 to15574213014851101 reflect16824213014857101132159203244274 risk1980421301485784123174 inherent21784213014848101154197234278331361 in25634213014848101 future240435301482984115169206250 harvests.515435301485297134185228267297336360 LOCATION:24045430162581402112883473864685507924553014822 Township8384553014865115190243282335362417 2312794553014855100 South,14034553014857107162192245269 Range16964553014870115168219263 1219834553014855101 West,21184553014888127166196220 Section23624553014857101142172199249302 12240469301484490 (Tax354469301483186125172 Lot5524693014853103134 600)709469301484692138169 and902469301484598154 Section1080469301484791132163190240293 131397469301484591 (Tax1512469301483187125172 Lot17104693014854104134 100).1868469301484691137168192 Benson5352387701485488137171210259 Ridge5633387701485983127171206 contains5352400901483675124153192217266300 89%5674400901484488166 of5862400901483964 all535241410148396488 46-505462414101484488117161205 year5689414101484477116150 old5861414101483964108 timber,5352427301482954122163197231253 providing5627427301484479118162186230255304348 near5352440501484983122156 term553044050148306498167 cash5719440501483675109153 flow535245370148244887151