Washburn St, Brownsville, OR 97327 - Linn County

Property 126

Proposed Valley Meadows Planned Unit Development

Address

Washburn St , Brownsville, Linn County, Oregon, 97327

Published Reserve

$250,000

Size

20 Acres

Zoning

Medium Density Residential (MDR)

Property Inspection

At Any Time

Financing

None All Cash

Description

Properties 126, 127 & 128 have been designated nonstrategic as part of Olsen Agricultural Enterprises LLC bankruptcy restructuring of farm and vineyard operations (Case #1162723) based in Monmouth, Oregon. The two farms are located near Brownsville and Tangent, Oregon and have excellent access to I5. They total 529 acres, with 427 acres, or 81% of the farmland, having water rights, providing a new owner with irrigation capacity to produce crops other than grass seed including blueberries and row crops (corn, beans and vegetables).

Property 126

This 20 acre site is located within the city of Brownsville and is adjacent to Auction Property #127, the Koos Brownsville Farm. The property has frontage along Washburn Street. Tentative approval for an 81lot planned development to be developed in two phases was obtained in July 2006, with 3.7 acres dedicated for picnic and soccer/playfields at the north end of the site and entry from Highway 228.

The 81 lots were planned to have an average size of 6,485 square feet and targeted for affordable entrylevel housing. Tentative approval was obtained unanimously from the city of Brownsville Planning Commission. Approval expired in 2008 but could be resubmitted by a new applicant, according to the city (see Supplemental Information Package for copy of July 2006 decision and contact at city of Brownsville Planning Commission).

All utilities serve the site, which has 719 feet of frontage along Washburn Street.

LOCATION: Washburn Street Brownsville, Oregon. Township 14 South, Range 3 West, Section 1, Tax Lot 2600*. From Highway 228 take right and proceed south on Washburn Street to Auction sign.

*See Title Report.

SEALED BIDS DUE NO LATER THAN 5:00 P.M., NOVEMBER 16, 2011