38145 County Road East-39, Del Norte, CO 81132 - Rio Grande County

OLD WESTERN HERITAGE, LLC.

LA GARITA CREEK RANCH * 470 +/- ACRES * FLY-IN RETREAT

DEL NORTE, COLORADO

(Previously known as the Balloon Ranch)

ABSOLUTE AUCTION

(NO MINIMUMS * NO RESERVES)

Tuesday, SEPTEMBER 18, 2007 1:00 P.M. (M.S.T.)

Property Description:

La Garita Creek Ranch is located in southwest Colorado, tucked in the foothills of the intriguing San Juan Mountains. From the mountain lodge, there are scenic views of some of the world’s highest and largest mountain valleys, the San Luis Valley. The Sangre de Cristo Mountains dominates the eastern horizon, and hosts dazzling sunrises. The Rio Grande National Forest also borders this property offering excellent recreational opportunities! You will find this ranch offers excellent hunting, fishing, hiking, rock climbing, horseback trails, and lots more! You can even travel to this ranch by airplane and use it’s private air strip (graded 3,500 feet long). This property is beautifully improved with log cabin style main lodge, and four large cabins/duplexes and one is adjustable to a tri-plex, pool house, storage buildings, horse corrals, pond, and a mile long trout fishing stream. This La Garita Creek Ranch also provides tremendous history with both the Ute and the Anasazi Indian tribes using this ground for summer camps (hunting blinds and pictographs still on this property today), as well as, the early 19th century explorer John Fremont. For a bidder packet and more information contact Suzy Woodward at United Country Premier Brokers at 719-873-5100

Possession: to be given at closing.

Property Conditions and Disclaimer: Property is being sold “AS IS” with no warranties either expressed or implied. Neither seller, broker nor auction company is responsible in the event there is a signal loss on the internet. All information is taken from sources believed to be reliable; however, no guarantee is made by the Auction Company, Broker nor Seller. Buyers and Buyers Brokers should satisfy themselves as to acreage, inspections, etc. prior to the day of the auction. Any announcements made the day of the auction supersede all advertising.

Auctioneers Note: This property will be offered in three tracts. Tract #1: will be a 160 acres on the lower side of the ranch road frontage, Tract #2 will be the upper 310 acres on the backside of the ranch joining the Rio Grande National Forrest, and Tract #3 will be the entire ranch together.

TERMS & CONDITIONS OF AUCTION:

BUYERS PREMIUM: A 10% Buyers Premium will be added to the high bid to establish the total purchase price. An Irrevocable Bank Letter of Credit must be presented at time of registration!

Escrow Deposit: 10% of the total purchase price is to be placed in escrow the day of the auction with the balance being due upon delivery of marketable title.