MVFF Colorado: Farm for Sale Brochure

Mesa Vista Family Farms

Durango, Colorado – Florida Mesa

Presented by: STONY BROOK PROPERTIES

Gerry McDaniel, Broker Associate

CONTACT INFO: DIRECT LINE: +1.719.260.9304 CELL PHONE: +1.719.651.4181

FAX: +1.719.260.9305 BROKER ASSISTANTS: +1.970.372.4662

SKYPE: DURANGOFARMRANCH MSN: [email protected] EMAIL: [email protected] WEB: WWW.DURANGOFARMANDRANCH.COM

MLS #628101 & #628102

MESA VISTA

TABLE OF CONTENTS

INTRODUCTION.................................................................................................................................3

LOCATION............................................................................................................................................4 Access, Community & Climate .................................................................................................................................. 4

PROPERTY DESCRIPTION: MVFF...............................................................................................5 East 83, South 51 - 15, Home 42 ................................................................................................................................ 5

LA PLATA COUNTY GIS MAP ............................................................................................................................. 6

RESOURCES & RIGHTS.....................................................................................................................7

Water, Mineral Rights, Fences, Easements ................................................................................................................ 7

SOUTH 51 - 15 EASEMENT MAP......................................................................................................................... 8

EQUIPMENT.................................................................................................................................................................... 9

NOTES ....................................................................................................................................................9

Taxes, Utilities, Zoning .............................................................................................................................................. 9

THE OFFERING.................................................................................................................................10

©GERALD B. MCDANIEL 2010 All Rights Reserved 3

INTRODUCTION

Mesa Vista Family Farms (MVFF) is a highly productive and scenic 192+/-acre farm on Florida Mesa just 10 miles south of the historic town of Durango, Colorado. The mixed forage farm has been an integral part of the guest ranch operation, Wilderness Trails Ranch. The MVFF operation has expanded its quality brand-focused reputation into the custom farm services business, serving clients in both La Plata and Montezuma Counties. The area is renowned both nationally and internationally for the quality and quantity of grass hay and alfalfa grown and the excellent fertility of soils. Although a strong local market exists for horse, cattle, sheep, and llama hay, there is a fast growing demand for La Plata County grown hay from California to Louisiana. MVFF ships alfalfa and grass hay out of the four corners region primarily west to private horse stables, south to feed stores, rodeo companies, dairies and horse ranches and east to the racehorse markets. Other field and row crops that are successfully cultivated locally are: corn, hay grazer (sorghum hybrid), oats, wheat, barely, triticale, dry edible beans, sunflowers and other oilseed crops (we have a regional bio-oil plant).

The properties are currently devoted to hay production, however with its flat and undulating topography, water rights, location, and proximity to Durango, the properties are a prime development size especially for a cluster development paired with a conservation easement or open space allowance. The area around Durango is concentrated with public lands, and thus growth will only occur in limited areas such as the southeast corner of the county (where these properties are located). The City of Durango recently annexed a large part of the southeast area of La Plata County where a new hospital, a mixed-use planned community, and retail space are currently being developed, just 6 easy miles from MVFF. The growth of this area is expected to continue as the regional

economy diversifies and retiree’s purchase second homes in resort and mountain communities. While this property today is clearly a fine development candidate, it also presents opportunity for those seeking a quiet equestrian, hunting retreat or gentleman’s farm estate with great appreciation potential in a vibrant area and one-of-a kind community.


LOCATION

The farmhouse at Mesa Vista Family Farms is located at 37° 9'59.06"N and 107°49'35.59"W. These coordinates can serve as a guide to locate the surrounding farm properties. Each of the Florida Mesa farm properties features expansive views of the La Plata, San Juan, HD, Ute and Black Ridge mountain ranges. ACCESS Mesa Vista Family Farms has year-round paved access from Durango via US Highway 550 or Highway 172 and County Road 302. The La Plata County Airport (DRO) and Durango Jet Center serve the Durango area with commercial and private flight services. Durango is 340 miles southwest of Denver, 215 miles northwest of Albuquerque, New Mexico and 455 miles northeast of Phoenix, Arizona. COMMUNITY AND CLIMATE Durango is southwest Colorado's largest town, with a population of approximately 15,000. Durango is near the Four Corners junction with New Mexico, Arizona and Utah, and is nestled at 6,512 feet. Durango’s “Campus in the Sky”, Fort Lewis College, is noted as one of the best liberal arts colleges in the United States drawing together a global mix of faculty and students. Almost 300+ days of sunshine, record snowfalls, and four distinct seasons offer a climate that cannot be beat! Approximately three million tourists visit the Durango area each year. Local attractions include the world famous Durango & Silverton Narrow Gauge Railroad, Mesa Verde National Park, Durango Mountain Resort and ski area, San Juan Skyway, as well as the many regional mineral hot springs, various lakes and Gold Medal waters of the Animas and San Juan rivers. To the north and east are the Needle and San Juan Mountains, which rise to an average elevation over 10,500 feet and include the highest concentration of 14,000-foot peaks in Colorado. To the west, are the arid desert lands and the striking landscapes of Canyonlands and Arches National Park. Together with MVFF, these features provide for the rich history, diversity and energy of the local community to create the ultimate destination for visitors and residents alike.

MESA VISTA FAMILY FARMS


PROPERTY DESCRIPTION: MVFF

SOUTH 51 - 15 The South 51 - 15 is located on County Road 300, an improved county road that is also accessible year round. Although a contiguous piece of property, it is platted into one 15+/- acre parcel and one 51+/- acre parcel. Flat to rolling, high fertility fields have 100% irrigation coverage with 3- !-mile long LAKE side-roll/wheel-line irrigation units and a portable base Nelson big gun. This property has consistently yielded 5+tons per acre with up to three cuttings per season. It is currently seeded to 15 acres of first year alfalfa, 25 acres established grass mix (orchard, timothy, brome, and perennial rye), 26 acres established alfalfa-grass mix. The 360-degree, unobstructed views of surrounding mountain ranges and acreage layout make this property ideal for smart development, a conservation easement and/or continued farming. EAST 83 This 83+/- acre MVF property is located to the southwest of the intersection of County Road 302 and 301, both paved and accessible year round. The farm has highly productive soils and has been managed organically for five years. Improvements include a gravel

access road and a state of the art pressurized irrigation delivery and measurement system featuring a 2000 series LOCKWOOD low-pressure precision center pivot sprinkler. The pivot currently irrigates 67+/- acres but the irrigation could be enhanced to cover the northwest and southwest corners that are currently dry land farmed. Triticale, a hybrid of winter wheat and winter barley is fallow rotated on the corners. The May 2007 Triticale harvest resulted in 4.5-tons per acre and the second cutting resulted in slightly lower yields of 2.5-tons per acre. Currently, the irrigated

area is a mixed grass stand of performance-bred timothy, Italian rye, and orchard grasses.

The native vegetation and old growth trees, Piñon Pine and Rocky Mountain Juniper, provide a natural habitat for wildlife such as deer, coyote, fox, weasel, cottontail and jackrabbits plus an array of songbirds. This property is also home of up to 25 beehives per summer, which provide both pollination for our crops and a good supply of honey.

HOME 42 The Home 42 property, located on County Road 302, is owned personally by Gene and Jan Roberts and is currently leased to MVFF/WTR for its farm/ranch winter headquarters and exclusive use in the dude ranch and farm enterprises. The extensively landscaped farmstead is on the far corner of 42+/- rolling acres and adjoins the East 83 field. It has extensive and sweeping views in every direction, a 2000 square foot detached garage, hay/equipment storage barn, horse barn with stalls, corals, work shop, and a tack room. All season road and yard with fuel tanks and staging area. The horse arena and round pen area has been leveled and sanded. The Home 42 has two ponds and is irrigated with a !-mile long, Travis side roll/wheel line sprinkler. The cultivatable, extremely fertile 35+/-acres are currently planted to alfalfa/orchard grass mix and have yielded 6+tons/acre with four cuttings per season. Ponderosa and Piñon pine trees, rocky mountain junipers, aspen, mountain ash, cherry, plum, apple, apricot, and spruce trees line the property.


H

HOME 42

EAST 83

SOUTH 51 -- 15


RESOURCES & RIGHTS WATER The farms have excellent water rights with all conveyances in underground plastic pipe and are pressurized at the farm. Irrigation water typically is available from early May until mid October. Additional water is also available for irrigation on a season-to-season lease in addition to the already established adjudicated and project water rights. EAST 83

! 20 Shares, Florida Cooperative Ditch, Adjudicated ! 105 Acre Feet, Florida Project (storage water)

SOUTH 51 ! 3 Shares, Florida Canal Enlargement, Adjudicated ! 51 acre feet, Florida Project (storage water)

SOUTH 15 ! 24 acre feet, Florida Project (storage water)

The Florida Mesa Aquifer, found in southeast La Plata County, serves each of the properties. This aquifer consists of a thick gravel deposit situated over a large area and the recharge to this aquifer is primarily from irrigation water. The Division of Water Resources claims this aquifer has good water quality and yields. Well water with cistern serves the home and outbuildings on the Home 42 property. A well has been drilled on the 51-acre parcel however currently it is capped and not in use. We do have records of its previous production. MVFF is not located in a “water critical” area therefore additional well permit approval should not be a problem. MINERAL RIGHTS The MVF properties do not hold any mineral rights reservations therefore mineral rights cannot and will not be conveyed. In 2004, British Petroleum (BP) constructed one well located on the western perimeter of the East 83. It occupies approximately .6 acres and is accessed from County Road 301. FENCES All MVFF properties are fenced and border private land. The fences are maintained and are in very good condition. A survey conducted in connection with the sale of the MVFF properties should indicate any discrepancy in the legal boundary line and the existing fence line. Many of the fence lines have been in place longer than the statutory period for adverse possession in Colorado (18 years), the sellers will warrant title to the fence line if it is inside the legal boundary line or to the legal boundary line where the fence line is outside the legal line. The sellers’ legal counsel would be happy to discuss any matters regarding the fence line.

EASEMENTS Local utility companies have boundary easements on MVFF properties for overhead and underground power and phone lines respectively. There are irrigation water ditch/pipeline easements on the South 51 - 15 for two lateral water conveyances, Phillips and Thistle Pond (the latter serves both the South 51 - 15 and East 83 properties). BP holds easements for an underground pipeline and exclusive surface access along the south and west boundaries to the GPU Craig #2 (BP) wells site on the East 83 and a gas line along the north boundary of the South 51 - 15 within the same easement as the Thistle Pond pipeline. MVFF will convey all easements required for the operation of the farm irrigation enterprise currently and historically utilized by MVFF and its predecessors.


LEGEND Thistle Pond Pipeline (Irrigation) British Petroleum (Utility) Phillips Pipeline (Irrigation) Phillips Pipeline/Dowler Spur Phillips Pipeline/D. Lynn Spur MVFF South 51/15 Pipeline (Spur from Thistle Pond Pipeline) Turner View Corridor

EASEMENT MAP – SOUTH 51 - 15


EQUIPMENT

Tractors/ Trucks

! 2004 KUBOTA MFWD 3010 w/loader (30 HP) ! 1997 JOHN DEERE MFWD 6400 w/ldr (75 HP) ! 2005 CHEVY C3500HD 4x4 CC w/ flatbed ! 2006 CHEVY C2500HD 4x4 CC pickup ! 1989 INTERNATIONAL Dump Truck (Class 8) ! 1986 FORD F250 4x4 flatbed

Hay Equipment

! 2005 NEW HOLLAND BB940A 3’x3’x8’Baler ! 2003 KUHN GC303 Rotary Disc-Conditioner ! 2004 KUHN Dual Rotary Rake ! 1999 PIQUÉ Alfalfa Tedder/Fluffer ! 2000 BALEMASTER Fork

Tillage/ Crop-Care ! 2000 JOHN DEERE 915 V-Ripper ! 1990 KRAUSE 30’ Double-Offset Disc ! 2000 BRILLION Pulvi-Mulcher Soil Cond. ! 1998 DELTA 24’ Pasture Harrow ! 2000 RHINO P-T 12 Pasture Renovator ! 2000 JOHN DEERE 450 Drill ! 2003 SCORPION 300-gallon Spray Tank ! 2007 RHINO 48”Acreage Mower (ATV)

Trailers

! 2002 CUSTOM-MADE 12’ bumper pull flatbed ! 2000 CUSTOM-MADE 16’ bumper pull H/S dump ! 1997 DTM 30’ gooseneck flatbed (20,000 lbs. axles) ! 1996 FEATHERLIGHT 27’ gooseneck stock/horse ! 1995 TITAN 20’ gooseneck stock/horse ! 1992 DIAMOND 12’ bumper pull luggage trailer

Miscellaneous

! 1996/2000 HONDA four wheelers: 2 total ! 2004 HONDA water pumps: 2 total

NOTES

TAXES The real estate taxes for 2008 totaled: East 83- $1,526.84; South 51- $850.06; and South 15- $414.38. UTILITIES

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ZONING The MVFF property is subject to the Florida Mesa District Land Use Plan under the land use classifications/description:

! Agricultural/Rural Residential


THE OFFERING

MESA VISTA FAMILY FARMS

East 83: $950,000 USD or Lease-Option Section 28, East " Township 34 North, Range 9 West N.M.P.M. South 51: $649,000 USD South 15: $289,000 USD Section 28 East " Township 34 North, Range 9 West N.M.P.M.

Home Place: Lease-Option Section 28 East " Township 34 North Range 9 West N.M.P.M.

Equipment: TBD

In 2002, WTR, Inc. changed its corporate structure. The name of the existing company changed to LER Enterprises, Inc. (LER) and a single member limited liability company was created to operate the guest ranch and farm activities, Wilderness Trails Ranch, LLC (WTR). LER owns the land described as the East 83 and South 51 - 15. Mesa Vista Family Farms (MVFF) describes any “farm” land and/or farming activity or concern but is not a legally registered entity. Jan and Gene Roberts own the land referred to as the Home Place 42. We will review offers with cash/conventional OR owner-carry agreement/terms with minimum down payment. All values are based on a sale of existing stock (stock sale). An asset sale will be considered as well, but would need revised valuation. Offering is subject to errors, omissions, prior sale, change, or withdrawal without notice. All information provided in this offering is deemed reliable; however, we cannot guarantee its accuracy. Maps are for guidelines only as accuracy cannot be guaranteed. Interested Parties and their legal representatives should independently verify all items of interest (i.e. water & mineral laws, zoning/land use regulations, etc…) with their own advisors. Please direct all inquires to Gerry McDaniel. The sellers politely ask that absolutely NO phone calls or emails are made to the WTR guest services contact numbers and/or email addresses, which are found in the brochure, newsletter, website or other supplementary material. WTR and MVFF are still operating as they have for 40 years and wish to keep all communication confidential to avoid jeopardizing current operations.

THANK YOU FOR ALLOWING US TO SHARE MVFF WITH YOU!

Presented by: STONY BROOK PROPERTIES

Gerry McDaniel, Broker Associate

CONTACT INFO:

DIRECT LINE: +1.719.260.9304 CELL PHONE: +1.719.651.4181

FAX: +1.719.260.9305 BROKER ASSISTANTS: +1.970.372.4662

SKYPE: DURANGOFARMRANCH MSN: [email protected] EMAIL: [email protected] WEB: WWW.DURANGOFARMANDRANCH.COM

MESA VISTA

MVFF Colorado: Farm for Sale Brochure

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