C!"#d B$%e / Gun&ison,Co'o(a)*

Denver, Colorado O!ce: (303) 861-8282 " www.hallandhall.com " email: info@hallandhall.com

Preservation oriented, shared-ranch community.World-class, professionally enhanced #y $shery.2 ± miles of private tailwater $shing encompassing both sides of the Taylor River.3 ± miles of recently constructed sight $shing streams.Nearly surrounded by National Forest.2,100 ± total acres.26 Ready-to-build homesites with paved road access.

Full-time on-site Ranch Manager. Less than 30 minutes to Crested Butte, the “Wild#ower capitol of Colorado.”Minutes from Gunnison Regional Airport.Site plan includes construction of main lodge and additional amenities.4 refurbished turn-of-the-century, river- front cabins for use by owners.2 homesteads sold in December 2010.

C!"#d B$%e / Gun&ison,Co'o(a)*

Wilder on the Taylor is an angling paradise and a preservation-oriented 2,100± acre shared ranch community o%ering a total of 26 homesteads. Each homestead is a minimum of 35 acres with a one-acre building envelope. As private #y-$shing water is increasingly di!cult to procure, Wilder presents a rare and distinct opportunity to own an undivided interest in one of the best shared $shing properties in the western United States. Sharing the responsibilities and expense with a select few residential co-owners is one of the most sensible ways to enjoy and participate in the heritage and the legacy of ranching and living the western lifestyle.

&e heart of Wilder on the Taylor is the expansive hay meadow that is bisected by the pristine and fabled trout mecca, the Taylor River. Recognized as

Executive Summary

Wilder on the Taylor is located in the middle of one of the most visually appealing and recreationally rich parts of Colorado and the American West. Preserving and protecting this historic ranch was the principal motivation for the development of Wilder on the Taylor as a shared ranch.

a preeminent trout $shery, the Taylor runs through the center of the ranch for nearly 2 miles. To further enhance one’s $shing experience, approximately 3 miles of newly constructed stream was created, promoting a completely di%erent and equally challenging #y-$shing adventure.

Virtually surrounded by nearly 2 million acres of the Gunnison National Forest, this historic operating ranch is a #y-$shing paradise. Easy to $nd and easy to reach, Wilder is the unmatched place for families and friends to quietly gather and enjoy the wonders of Colorado and the history, traditions and culture of the American West. Sharing ranching traditions and the heritage of the great outdoors in a secure economic structure will insure that future generations can continue to do the same.

Centrally located in Colorado, Wilder on the Taylor lies between Crested Butte to the north and Gunnison to the south. &e Gunnison-Crested Butte Regional Airport is 15 miles from Wilder while Crested Butte Mountain Resort is a 17-mile drive in the summer and less than 25 miles in the winter. Together, these two iconic Rocky Mountain towns and surrounding public lands o%er many of the recreational opportunities Colorado is famous for.

Gunnison, a long-time ranching community at the crossroads of Highway 50 and 135, has all the necessities to work and live well. Crested Butte, smaller and more compact, is a well-preserved Victorian mining town with a heritage of winter skiing and an ever-enduring charm. Crested Butte o%ers great terrain for skiers of every level and in the summer and fall months the hiking and mountain biking opportunities are endless.

Location

&e #avor of Gunnison is de$nitely cowboys, ranching and outdoor living. Western State University provides an element of youthfulness to the town, enhancing its heritage of working and living in the outdoors. It is a practical town with a regional medical headquarters, a volunteer $re department and a proud heritage of mountain rescue teams. &e town also o%ers a variety of restaurants, a convention center, several $nancial institutions, #y-shops, sporting goods stores, a library, museums, antique shops and art galleries. Local golfers have Dos Rios, a comfortable 18-hole public course just southwest of town spanning the Gunnison River. In addition, Gunnison recently opened a white-water park on the river for kayaking enthusiasts.

&e Club at Crested Butte, a premium Pete Dye championship design golf course, includes the John Jacobs Practical Golf School with students from around the country. Mountain-biking enthusiasts from around the world also visit.

Locale

“We are con!dent in the long-term value of Crested Butte and central Colorado. "e mountain and valley are home to world-class skiing, !shing, hiking, biking, and golf. "e town of Crested Butte is full of artisan food and music — it’s a place where remarkable experiences form lasting memories.” Baxter Underwood - SVP & CIO, CNL Lifestyle Properties and Owner of Crested Butte Mountain Resort

&e Mountain Bike Hall of Fame is headquartered in this truly one-of-a-kind rocky mountain town. Crested Butte Mountain Resort, a family-friendly ski resort, o%ers 121 established runs, 2,775 feet of vertical drop and 300± inches of annual snowfall. Monarch Mountain, a smaller ski resort located east of Gunnison on Monarch Pass, boasts 350± inches of annual snowfall, 54 runs, a vertical drop of 1,170 feet and some of the best powder and tree skiing Colorado has to o%er.

Airline service and private aviation utilizes the superb Gunnison-Crested Butte Regional Airport with ILS, GPS and VOR approaches to the 9,400-foot runway at the all-weather airport. Commuter airline service is provided by United Express, operating all year, and by American and United direct #ights from Dallas and Houston during the winter ski season. Car rentals are available as well as a full-service general aviation FBO that o%ers fueling, charters and maintenance of Cessnas to visiting corporate jets.

One begins to truly understand and appreciate the Taylor River on the drive up from Almont, headed towards the Wilder. Taylor Canyon is a geological marvel spanning 20 miles in length, showcasing massive vertical rock walls up to 400 feet in height.

Arriving at one of the three entrances to the ranch, the feeling of being in an unforgettable setting begins to sink in. It is quite extraordinary to $nd a property incorporating a sizable stretch of private and exclusive $shing water nearly enveloped by millions of acres of national forest. Highly prized, Wilder is one of only three signi$cant stretches of private waters along the main stem of the Taylor River.

Set along the river to the south — like a stage set — are the sharply rising dark conifers and the red, rust-colored rock cli%s.

Cutting up the mountains to the peak of the Wilder Ranch is an easy path that takes you to a far valley and the Fossil Ridge Wilderness area. &e view up the trail is from one mountaintop to another, from east to west and to the south. To the north, one looks over the expansive irrigated meadow and the passageway to Crested Butte and Red Mountain.

Fluctuating topography is evident as the landscape is ever-changing supporting numerous drainages, small canyons and tributary creeks. &e picturesque setting of a summer evening at &e Camp is the perfect stage to share stories of “the one that got away,” as you relax and create memories for a lifetime.

The Ranch

&e deeded area of Wilder on the Taylor includes approximately 2,100 acres with several thousand additional acres of nearby forest service land leased for summer cattle grazing. A total of 26 homesteads are being o%ered, each consisting of a minimum of 35 deeded acres. Each homestead includes a one-acre building envelope and a small number of acres

Acreage

“Private access to rivers like the Taylor is becoming an extremely rare privilege as more people !sh public sections of water and private sanctuaries become more elusive.” Rodd Cesario, #y $shing guide and owner of Dragon#y Anglers of Crested Butte.

available for landscaping and driveways. &e remaining acreage on each homestead will be protected by a conservation easement, prohibiting future development. All other property, including ranch buildings and equipment, will be held by the homeowner association for each owner’s undivided mutual interest.

Four turn-of-the-century cabins are ideally sited along the northern bank of the Taylor, allowing maximum exposure to the river. Strategically positioned in the heart of the ranch, these cabins are available for owners to utilize as a place to stay while building their dream house. &e cabins can also serve as accommodations for owners' guests to stay while visiting. Each cabin is nearly 100 years old but has been tastefully refurbished featuring high quality $nishes, modern appliances, new plumbing, insulation, and enclosed porches.

A new six-mile cedar fence with keyed gates was recently constructed and designed by the architectural team CCY from Basalt, Colorado. &ey are widely renowned for their work on award winning mountain homes and resorts. &e landscape design at the entry and the placement of the sites is the work of Design Workshop from Aspen, an internationally recognized land planning $rm. &e classic barns, the stables and housing for summer help has been repaired and re-roofed for long-term preservation and continued use.

Newer improvements along the river include trails for easy $shing access, numerous pools for wintering $sh and additional weirs to protect habitat and $ngerlings, especially during high water runo%. &e River Road was built with crushed rock exposed by site work for installation of the underground utilities and the various ponds and streams. &e roadbed has been built to standards for heavy equipment use during home construction, possible $re truck use and for minimum maintenance in the future. &e crushed stone bed is of exceptional quality for a ranch road.

&e plans and speci$cations for the lodge are nearly complete anticipating a ground breaking in 2012. A new ranch headquarters and a new ranch manager’s home are our next projects on the schedule. QWEST will be installing DSL service for the use and bene$t of all homesteads. Each homestead site has been prepared with either a viewing stand placed by the architects for set backs and optimal views or with a cleared area for a proposed home.

Improvements

A tremendous asset of Wilder is the Taylor River. It ranks as one of the very best $sheries in the West and is a tailwater, extending the $shing season almost year-round. &e Taylor River currently holds two Colorado state-released $sh records: a rainbow trout of 40.25 inches and a Snake River cutthroat trout of 30 inches. &e Taylor River is also home to some of the largest stream-born trout in the lower 48 states. &e main stem of the river has been signi$cantly enhanced to improve holding water, feeding lanes, pools, ri'es, runs, drift lanes, and a gentle overall gradient creating a spectacular $shing experience. Nurtured to the fullest extent, this self-sustaining natural $shery has proli$c insect life and exceptional habitat to grow and maintain both trophy trout. Fish commonly caught on the Wilder are rainbows, browns or cutthroats and

typically average between 16 and 20 inches with many topping 24± inches. &e Beaver Creek and Rarick Creek waters that feed into the Taylor River are $lled with surprises that more than test even the two-weight rods and the size 20 gnats to their limits. For the novice and the teacher, our six ponds are challenges to any second cast of the parachute Adams. Teaching someone to $sh is one of life’s great joys. Matt Weaver of Five Rivers Restoration is the artist and visionary who created our enhanced river and the exciting and proli$c and technical meadow stream. He has told many this is the best expression of his work to date.

The Fishery

“Private access to rivers the quality of the Taylor is increasingly rare. In the East, it is virtually non-existent. Western states each have various water rights laws, but none as protective of private property as in Colorado. "e quality of the water and the !sh habitat in the Taylor is second to none in the West. "e stream I built across this wonderful meadow is the best expression of my work in creating new waters for comfortable and challenging #y !shing that I have yet done.” Matt Weaver, Five Rivers Restoration

&e Homeowners Association requires that owners and guests abide by regulations to ensure the continued productivity and protection of the $shery.

Limits on the number of $sh kept, the number of $sh caught each day and the number of rods each household may have on the river will be published, and voted on annually.

Fishing Regulations

Wilder on the Taylor is in the center of a true sportsman’s paradise — the Gunnison Valley. Fishing is simply one of the many recreational resources available to those who live here. Many locals consider their sacri$ce of the high incomes o%ered in the big cities for the modest wages of the local small economies worth the trade in order to live the life where you can $sh, hunt, ski, hike, camp, work outdoors, and breathe clean air. &e Gunnison Valley brings a mountain lifestyle that is very individual and singular even for Colorado. Few other places combine so many outdoor recreational opportunities with superior road access to major cities and modern airline transportation. Major highways make a trip to Colorado Springs slightly over two hours driving time and less than four hours to Denver. &is is a major asset as is the ability to be in Houston, New York or Los Angeles in an easy day from the Gunnison/Crested Butte airport.

For the sportsman and hunter, there are numerous access points on the ranch to enter the national forest system not available to the public. Large animal wildlife includes elk, mule deer, Merriam turkey, bear, big horn sheep and mountain lion. Migration across the meadow and the hills is common in the fall. Several record-setting animals have been harvested from this area. &e recent addition by the federal government of almost 32,000 acres to the Fossil Ridge Wilderness area has added over 22 miles of new trails. &e nearly two million acres of nearby federal land o%er extensive enjoyment of the best that Colorado has to share.

Summer boating and sailing on the largest man- made Colorado lake, the Blue Mesa Reservoir, is another one of the area recreational activities. A state record 50.35-pound lake trout from Blue Mesa was caught in 2007. &e Blue Mesa is also the largest landlocked Kokanee salmon $shery in the United States.

Additional Area Recreation

&e summers are cool and mild, with average temperatures in the mid-70s and a bounty of sunshine-$lled days. Although the temperature is can be below zero during the winter months in Crested Butte, conditions are sunny and pleasant thanks to abundant radiant heat. While Crested Butte, at over 9,000 feet, averages over 300 inches of snow, Gunnison at 7,000 feet receives much less, about 50 inches. A typical winter day in Gunnison can be in the low 20s, while summer highs are in the low 80s.

Elevation and topographical features on the Wilder vary signi$cantly. &e lowest point on the Taylor River is approximately 8,300 feet. From the river bottom and low-lying meadows, the topography shifts dramatically, rising in elevation through several drainages and more challenging terrain. Multiple trails lead to higher points on the property. &e highest is 9,700± feet.

Climate Elevation

HistoryIn 1853, Captain John Gunnison explored the area searching for a route through the mountains and over the continental divide to develop a railroad. &e county was named after this early explorer. From 1873 to 1875, F. V. Hayden, a medical doctor and mineral expert, surveyed the Gunnison Valley as part of his quest for mining claims. &eodore Roosevelt, our National Park President, created Gunnison National Forest, originally the Cochetopa Forest Reserve, on June 13, 1905. Formerly known as the Roper and Redden Ranches, then the Elsinore Cattle Company and finally the Wapiti Ranch, this property has functioned and operated as a working ranch since 1910.

TaxesThe property taxes for each homestead will be determined at the time of purchase and are subject to change after completion of improvements. The Covenants require the Wilder Association to operate the Wilder Property as a functional agricultural unit.

Water RightsAll homesteads will be entitled to drill one domestic well. This will be their source domestic water. Colorado state law allows for an “exempt domestic well” to serve up to “three single-family dwellings and irrigate up to one-acre of home gardens and lawns.” All other water rights, historically and currently used for agriculture operations of the ranch, and/or used in connection with the “Common Area” will be owned by the Homeowners Association. (Additional information available upon request).

Mineral RightsExtensive research and due diligence has been performed to determine the status of the mineral rights associated with the Wilder. There are limited numbers of past reservations, as is common in the State of Colorado. Most of the mineral rights, with the exception of a small portion of land located in the farthest southeastern section and outside the primary area of development, belongs to Jackson-Shaw and its successors, the developers of Wilder. (Additional information is available upon request).

Ranch ManagerWilder and its owners will enjoy the privilege of having Don Sabrowski, a 15-year keeper of this property, serve as ranch manager. His knowledge and expertise are invaluable; his dedication to his work is obvious and he and his family are part of the Wilder family. The manager is available to assist a new owner with overseeing construction of a new home, trash and utility services, landscaping, house cleaning, vehicular support, and other services which can be negotiated between the owner and the ranch manager. The salaries of the ranch manager and family are paid by the homeowners through the Homeowners’ Association.

“Property owners can take advantage of a network of trails that encompass 96,000 acres in the Spring Creek area. Each horseback outing will be a new and personal experience.” Don Sabrowski, Ranch Manager

Design GuidelinesCarefully planned homesites were designed to coexist harmoniously with nature. Architectural design is meant to be timeless and organic, subordinate to the existing landscape. Owners of the Wilder will share in the enjoyment and responsibilities that come with preserving this legacy property. It is understood and expected that each owner is an individual and has different architectural desires that vary in style and size. Diversity in design is encouraged and will be assisted through the architectural and landscape guidelines for the Wilder. (Additional information is available upon request).

“While our primary focus at Wilder has been on architecture, we are most excited about the legacy of land preservation and conservation the development creates. It gives us great comfort knowing that our work in this remarkable corner of the Colorado will be shared for generations to come as it always has been on a working ranch.” John Cottle, AIA, CCY Architects

Homeowner Association&e purpose of the Homeowners’ Association is to control and maintain the common areas of the ranch. The property is part of a common interest community and is subject to specific declarations. Owners of the property will be required to be a member of the Homeowners Association and will be subject to the by-laws, rules and regulations of the association.

In accordance with the Wilder Covenants, the entire Wilder property, including any Owner Parcel, is encumbered by an easement in favor of the Wilder Association for agriculture use, among other purposes. In accordance with Paragraph 8.3 of the Wilder Covenants, assessments are apportioned equally among the lot owners. A new owner will not be obligated to pay more than its pro-rated share of the approved assessments. The budget to meet the anticipated expenses for the Wilder Association for 2011 is estimated to be $10,000 per homestead. (Additional information is available upon request).

Online Resources

Official Site of Gunnison County:www(gunnisoncrestedbutte(com

Gunnison County Website:www(gunnisoncounty(org

City of Gunnison Website:www(cityofgunnison)co(gov

Gunnison County Chamber of Commerce:www(gunnisonchamber(org

Crested Butte Lodging Information:www(crestedbutte(org

The Club at Crested Butte:www(crestedbutte(com

Crested Butte Mountain Resort:www(skicb(com

Monarch Mountain Resort:www(skimonarch(com

USDA Forest Service:www(fs(fed(us*r+*gmug*index(shtml

Black Canyon of Gunnison National Forest:www(nps(gov*blca

Curecanti National Recreation Area:www(nps(gov*cure

Taylor Park Marina:www*taylorparkmarina(com

Crested Butte Wildflower Capital Of Colorado:www(crestedbuttewildflowerfestival(com

Crested Butte Magazinewww(crestedbuttemagazine(com

&e magni$cent Taylor River, rivaling any gold medal quality $shery anywhere, is the capstone of this o%ering. As private #y-$shing water is increasingly di!cult to procure, Wilder o%ers a rare and distinct opportunity to own an undivided interest in one of the best shared $shing communities in the western United States. Recognized as one of the premier trout $sheries in the West, the Taylor River crosses the center of this property for nearly 2 miles. To further expand the $shing experience, 3± miles of a meandering stream was created, o%ering a completely di%erent and equally challenging #y-$shing adventure. Immediate access to millions of acres of national forest and designated wilderness areas is accessible from nearly anywhere on the ranch. Located within minutes of Gunnison Regional Airport and a short drive to one of Colorado’s last great ski towns, Wilder is an unsurpassed opportunity for owning and preserving a piece of the west.

There are other shared ranch communities that offer fishing or a resort location, but there are none that offer the combination of the highest quality fly fishing and a location that is not only incredibly scenic and convenient to access, but is amazingly close to a world-class ski resort and mountain town. Several years ago we had the opportunity to sell several homesteads at the other shared amenity ranch on the Taylor River. Multiple buyers recognized the unique attraction of this valley and what it has to o%er and quickly paid market value at the time. We have embraced the opportunity to represent Wilder because it o%ers a truly exceptional package of amenities, scenery and location, available at prices that have been meaningfully reduced to reflect current market conditions. In other words, “a great property at a great price.”

Broker’s Comments

DisclosuresColorado Law requires a broker to disclose to any prospective buyer all adverse material facts actually known by such broker including but not limited to adverse material facts pertaining to the title to the Property, the Physical condition of the Property, any material defects in the Property, and any environmental hazards a%ecting the Property required by law to be disclosed. &ese types of disclosures may include such matters as structural defects, soil conditions, violations of health, zoning or building laws, and nonconforming uses and zoning variances. Seller agrees that any Buyer may have the Property and inclusions inspected and authorizes Broker to disclose any facts actually known by Broker about the Property. Broker Shall not be obligated to conduct an independent investigation of the buyer’s $nancial condition except as otherwise provided in the Listing Agreement.

Disclosure of Settlement Service Costs: Buyer acknowledges that costs, quality, and extent of service vary between di%erent settlement service providers (e.g. attorneys, lenders, inspectors and title companies).

Definit ions of Working Relat ionships: Seller’s Agent: A seller’s agent (or listing agent) works solely on behalf of the seller to promote the interests of the seller with the utmost good faith, loyalty and $delity. &e agent negotiates on behalf of and acts as an advocate for the seller. &e seller’s agent must disclose to potential buyers all adverse material facts actually known by the seller’s agent about the property. A separate written listing agreement is required which sets forth the duties and obligations of the broker and the seller.

Buyer’s Agent: A buyer’s agent works solely on behalf of the buyer to promote the interests of the buyer with the utmost good faith, loyalty and $delity. &e agent negotiates on behalf of and acts as an advocate for the buyer. &e buyer’s agent must disclose to potential sellers all adverse material facts actually known by the buyer’s agent including the buyer’s $nancial ability to perform the terms of the transaction and if a residential property, whether the buyer intends to occupy the property. A separate written buyer agency agreement is required which sets forth the duties and obligations of the broker and the buyer.

Transaction-Broker: A transaction-broker assists the buyer or seller or both throughout a real estate transaction by performing terms of any written or oral agreement, fully informing the parties, presenting all o%ers and assisting the parties with any contracts, including the closing of the transaction without being an agent or advocate for any of the parties. A transaction-broker must use reasonable skill and care in the performance of any oral or written agreement, and must make the same disclosures as agents about all adverse material facts actually known by the transaction-broker concerning a property or a buyer’s $nancial ability to perform the terms of a transaction and if a residential property, whether the buyer intends to occupy the property. No written agreement is required.

Customer: A customer is a party to a real estate transaction with whom the broker has no brokerage relationship because such party has not engaged or employed the broker, either as the party’s agent or as the party’s transaction- broker.

Please contact one of the Hall and Hall brokers for a complete discussion of potential working relationships for this property. A written relationship disclosure will be provided to a prospective buyer prior to engaging in brokerage activities as de$ned by the Colorado Real Estate Commission.

Je% Buerger of Hall and Hall is a Transaction Broker for the Seller.

Price

A limited number of exclusive homesteads are being o%ered.Prices starting at $1,650,000.

Homesteads 1 and 12: $2,250,000

Homesteads 2 and 11: $2,050,000

Homesteads 5, 3 and 9: $1,850,000

Homesteads 6, 14 and 15: $1,750,000

Homesteads 10, 13 and 16: $1,650,000

Hall and Hall is acting as a Transaction Broker and will cooperate with other agents acting as a Transaction Broker or Buyer Agent only.

NOTICE: O%ering is subject to errors, omissions, prior sale, change or withdrawal without notice, and approval of purchase by owner. Information regarding land classi$cations, acreages, carrying capacities, potential pro$ts, etc., are intended only as general guidelines and have been provided by sources deemed reliable, but whose accuracy we cannot guarantee. Prospective buyers should verify all information to their satisfaction. Prospective buyers should also be aware that the photographs in this brochure may have been digitally enhanced and were not necessarily taken on the ranch.

Click on property above for link to to Google Earth map of property.

O%ered by Hall and Hall

A LEGACY IN RANCH STEWARDSHIPRANCH SALES AUCTIONS APPRAISALS LOANS RESOURCE MANAGEMENT

www.hallandhall.com

Je% Buergerje%@hallandhall.com 970/626-5151

Brad Willettbrad@wildercolorado.com 970/641-4545

Crested Butte / Gunnison, Coloradowww.wildercolorado.com

Hall and Hall is acting as a Transaction Broker and will cooperate with other agents acting as a Transaction Broker or Buyer Agent only.

NOTICE: O%ering is subject to errors, omissions, prior sale, change or withdrawal without notice, and approval of purchase by owner. Information regarding land classi$cations, acreages, carrying capacities, potential pro$ts, etc., are intended only as general guidelines and have been provided by sources deemed reliable, but whose accuracy we cannot guarantee. Prospective buyers should verify all information to their satisfaction. Prospective buyers should also be aware that the photographs in this brochure may have been digitally enhanced and were not necessarily taken on the ranch.