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Lopez Hill TransferTrust Transfer

San Juan County

LOPEZ HILL TRANSFER 02-095547BOARD OF NATURAL RESOURCES – MAY 1, 2018

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Lopez Hill Transfer

LOPEZ HILL TRANSFER 02-095547BOARD OF NATURAL RESOURCES – MAY 1, 2018

Lopez

Island

San

Juan

Island

Anacortes

Cypress

Island

Orcas

Island

Bellingham

S a n J u a n

C o u n t y

W h a t c o m

C o u n t y

I s l a n d

C o u n t y

Transfer Property

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• San Juan County - Trust Land Transfer lessee of property; 2009 lease which expires in 2059

• Direct transfer request from San Juan County; Lease provision and RCW 79.17.200

• Common School Trust; Transfer would reposition the trust asset

• County provided admin. fee for DNR transaction costs

Lopez Hill Transfer

LOPEZ HILL TRANSFER 02-095547BOARD OF NATURAL RESOURCES – MAY 1, 2018

L o p e z I s l a n d

Lopez Hill Transfer

Map – San Juan County Land Bank

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Lopez Hill Transfer

• Extensive recreational trail system and trailhead

• Friends of Lopez Hill association

LOPEZ HILL TRANSFER 02-095547BOARD OF NATURAL RESOURCES – MAY 1, 2018

Photo - Friends of Lopez Hill Photo - Friends of Lopez Hill

Photo - Friends of Lopez Hill

Photo - Friends of Lopez Hill

Map - Friends of Lopez Hill

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Lopez Hill Transfer

• Island timber harvests have high costs

• High potential for timber harvest constraints; wetlands, wildlife habitat, plant communities, balds

• County Ecological Assessment in 2010 A - western

red cedar – salal

LOPEZ HILL TRANSFER 02-095547BOARD OF NATURAL RESOURCES – MAY 1, 2018

1988 harvest

B - Douglas fir -ocean spray -bald hip rose –western fescue

Map – Lopez Hill Ecological Assessment 2010

Photo – Lopez Hill Ecological Assessment 2010

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• 400 acres in size

• Zoning – Forest Resources; 1 home / 20 acres (20 potential homes total)

• HBU is for 20 clustered homes after Class 4 General timber harvest

• Past timber harvest in 1988, 90 acres, NE portion

Lopez Hill Transfer

LOPEZ HILL TRANSFER 02-095547BOARD OF NATURAL RESOURCES – MAY 1, 2018

1988 Harvest Area

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Appraisal Acreage Payment Fund Recipient

TLT Lease for 50 years 400 $ 5,005,000

100% Common School Construction Account (CSCA)– Common School (2009)

Residual Value of Fee

Interest

400 $ 1,030,000 100% Real Property Replacement Account (RPRA)– Common School (2018)

Total Value for Trust; Lease + Transfer

$6,035,000 Listed above

Valuation

Lopez Hill Transfer

LOPEZ HILL TRANSFER 02-095547BOARD OF NATURAL RESOURCES – MAY 1, 2018

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Questions ?

Resolution #xxxx

Lopez Hill Transfer

DNR photo

LOPEZ HILL TRANSFER 02-095547BOARD OF NATURAL RESOURCES – MAY 1, 2018