Arcata, CA 95521 - Humboldt County

PUBLISHED RESERVE PRICE: $2,350,000*

The 1,991 acre Lord-Ellis Timber and Recreation Tract is located by Lord-Ellis Summit, 15 miles east of Arcata on Highway 299, along the east facing slopes of Wiregrass Ridge by Redwood Creek. Redwood National Park is located 5 miles north of the Lord Ellis-tract. There is a small amount of Redwood Creek frontage in Section 28 north of Redwood Creek Ranch. There is an easement from Highway 299 and a Reciprocal Easement Agreement with Green Diamond Resource Company that provides access to the block of land that extends 4.5 miles north to south. The property contains an estimated 15,072 MBF of primarily Douglas-fir, with some hemlock and redwood, based on an updated cruise report completed by James L. Able Forestry in January, 2011. In addition, there are over 39,000 MBF of tan oak which, if selectively harvested, would significantly increase productivity of the property. (See Supplemental Information Package for cruise report). The bulk of the merch timber is located within Stand 1. A 68% increase in timber volume is projected for the next ten years, which should add significant near term value to this property.

The forest site classification is II to III. Toss-Up Creek drainage on the northern portion of the property has very steep slopes and will require significant improvements to the road system for future logging.

Adjoining owners are Green Diamond Resource Company, Barnum Timber and additional private owners.

There is no Timber Harvest Plan for the Lord-Ellis tract. The last harvest was 257 MBF in 2002

*The sale of individual Auction Properties 100, 200, 300, 400, 500, 600, 700, 800 and 900 is subject to total accepted bids in the aggregate to equal, or exceed, $27,815,000.