LONG MOUNTAIN FOREST Established access, attractive species composition, and high quality stems define this classic timberland asset. 3,464 Acres Greenwood, Oxford County, Maine Price: $2,922,000 Data Room Password: meavo Fountains Land Inc, 175 Barnstead Road, Suite 4, P.O. Box 25, Pittsfield, NH 03263 Contact: Patrick Hackley ~ [email protected] ~ (603) 435-7428, Ext. 230 ~ Cell (603) 491-3649 www.fountainsland.com PROFILE Long Mountain represents a sizable, contiguous timberland investment with well-established access to support future silvicultural operations. Thinning activities have positioned this middle-aged resource for maximum appreciation over the coming decade. With nearly all slope aspects represented, the tract has predominately well-drained soils and favorable species composition with a broad representation of softwood and northern hardwood species. LOCATION The property is located in the town of Greenwood, a rural town blessed with an abundance of public water resources, vast forests, and attractive homes dotting the landscape. The well-known town of Bethel, nestled along the Androscoggin River Valley, is a short drive to the north. Bethel provides a host of hospitality services for the area’s thriving tourism industry, most notably Sunday River Ski Resort just north of the village. The slopes of Mt Abram Ski Center are located within a stone’s throw of the land’s northern boundary. This adjacent ski center offers a wide variety of terrain, including un-groomed expert glade runs. Five lifts and 44 trails over 1,150 vertical feet provide ideal local skiing. Summer activities include a 1,325’ vertical Tubing Park, the longest in Maine. The state and local road network provides convenient access to the area’s diverse wood markets including paper mills, chipping facilities, sawmills, log concentration yards, and bio-energy plants. Views of western Maine’s rolling forested landscape to the east as seen from the small quarry located on the northern shoulder of Uncle Tom Mountain. ACCESS Nearly 6,000’ of frontage along the paved Greenwood Road define the eastern boundary. A gated internal road system stems off Greenwood Road providing several miles of woods roads that service the central and northern sections. The southern area of the forest is accessed by the gated Sanborn River Valley Lane which commences at the hamlet of Willis Mills. Additional access is provided by Edgecomb Lane and Horseshoe Trail, both creating the southern and eastern boundary lines (respectively). NOTE: Please be aware that log trucks will be active on Sanborn Valley Lane Road this winter and have the right- of-way in all circumstances. Ames Lane which serves as the main interior access road to the land’s central and northern areas. fountains land inc SITE DESCRIPTION Long Mountain Forest is an upland site where continuous relief permits generally well drained soil conditions. The forest contains an interesting array of terrain characteristics, including Uncle Tom, Elwell, and Long Mountains, as well as the western slopes of Tibbets Mountain and the southern slopes of Mount Abram. The Sanborn River Valley occupies the land’s southern area, while a complete watershed is contained at the property’s central location framed by Oversett, Uncle Tom, Long and Elwell Mountains. Overall terrain is well suited to harvest conditions with only 129 acres classified as non-commercial (due to steep slopes, water resources and roads). Twitchell Pond sits in the foreground with the spruce topped Elwell Mountain to the right. Long Mountain is located just behind Elwell. Uncle Tom Mountain is left center with the property’s central valley at the photo center. ACREAGE, TAXES & TITLE There is no survey for the tract. Property boundaries are noted in the field as red tree blazes. Town tax records indicate a total of 3,550 acres, while GIS maps indicate 3,464 acres. For purposes of marketing, the GIS acres serve as the primary acreage reference. The property is enrolled in Maine’s Tree Growth Tax Program. Municipal property taxes in 2010 total $9,451.54. The property is owned by Core Value, LLC, whose various deeds, title documents, tax bills and additional information can be found on Fountains website data room. To access the data room, select Andro Valley Timberland from the drop-down option and type in the password: meavo. Title information indicates that mineral rights are held by a third party in association with an old quarry located just north of Uncle Tom’s Mountain. This small quarry experiences passive mining for local minerals that are understood to include granite pegmatites, tourmaline and pseudo-cubic quartz crystals. This region of Maine is well known for its indigenous gems and crystals and for decades has hosted an active array of mining clubs and outdoor gem collecting events. Various rights-of-way are described in the title information, running through the forest at various points and serving as access to adjoining ownerships. fountains land inc TIMBER RESOURCE 2010 Timber Inventory: Timber data in this report is based on a September 2010 Hardwood vs Softwood timber inventory conducted by an independent service as a % of Total Volume provider commissioned by the ownership. For Long Mountain, 230 sample points were collected on an 12 X 12 chain grid using a 10 BAF prism. All inventory points were monumented in the field and are available for inspection. Softwood Data processing was based on commonly known and 34% acceptable algorithms and form class volume tables. Sampling statistics are ±5.4% for all products combined and ±10.9% for sawlogs at the 95% confidence level. Full details of the timber inventory, data processing formulas, Hardwood raw data, inventory maps and cruise specifications are 66% available at the Fountains Land Data Room or available upon request. Inventory volumes by species and product were valued by Fountains Forestry with the Total Volume by Species results summarized on the Timber Valuation page of this report. Red Oak Red Maple Sugar Maple 6% 21% Species Composition & Stocking: 8% Species composition is diverse with both The Birches 8% hardwoods and softwood species found on all terrain types. Hardwoods are slightly more dominant accounting for 66% of total volume. With the exception of pockets of All excessively steep slopes leading to various Others Beech 11% 16% peaks, nearly all of the land (96%) is productive commercial forestry acreage. 2 Forest-wide, total basal area is 120 ft /acre Spruce/Fir 14% Hemlock representing fully-stocked conditions. Total 16% volume averages 21.1 cords/acre, slightly above average for the region. Type maps indicate five cover types where primarily Sawlog Volume by Species three age classes predominate: a dominant middle age class (small to medium-sized sawtimber), pole-sized growing stock White Ash Sugar Maple 4% 8% (variable by forest stand type), and a large Yellow Birch Spruce/Fir sawtimber size class. 4% 23% Pine 10% Ongoing Forest Operations: The ownership is conducting on-going silvicultural operations through the winter months in areas designated on the maps in Red Oak this report. Harvest volumes by species 11% Hemlock and product will be carefully monitored by 19% the ownership. Red Maple 14% All Others 7% fountains land inc TIMBER RESOURCE (continued) Sawlog Value: Sawlog values are largely held by spruce/fir, red oak, white pine and sugar maple (68% of total sawtimber CTV) with miscellaneous hardwoods and hemlock accounting for the balance. Combined total sawlog value represents 59% of CTV, with growing stock and pulpwood comprising the balance. Diameter Distribution: Volume Sawlog diameters cover a broad Sawlog Volume vs Value Value range of sizes with the average 30% diameter at 12.6” (as a measure of volume) covering 11,053 MBF. 25% Average softwood sawlog diameter 20% is 13.3” with hardwoods at 12.4”. 15% Pulpwood diameter average is 10.7” (covering a total of 50,773 10% cords) and representing an 5% abundance of pole-sized growing stock. Softwood average is 11.2” 0% with hardwood average is 9.5”. Spruce/FirRed Oak White Sugar Hemlock Red All Others Yellow Pine Maple Maple Birch Species A compelling attribute of the total pulpwood diameter distribution is the abundant volume held by the 5- Sawtimber Diameter Distribution Softwood 11” diameters which accounts for Hardwood 65% of total pulpwood, representing 0.5 a significant volume ready to 0.45 emerge into the sawlog category 0.4 over the coming two decades. 0.35 0.3 Stem Quality: 0.25 Site index, forest genetics, aspect 0.2 MBF per Acre and past silvicultural practices are 0.15 the primary factors that combine to 0.1 influence stem quality of a tree. In 0.05 the case of Long Mountain’s three 0 most prevalent commercial species, 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25+ the data reveals that 55% of the red Diameter oak, 87% of the white pine and nearly 100% of the spruce/fir is of Pulpwood Diameter Distribution Softwood sawlog quality. Hardwood 2 1.8 Acreage Breakdown 1.6 Wetland 2 1.4 Landing 7 1.2 Inoperable 97 1 0.8 Road 23 Cords per Acre 0.6 Total NF 129 0.4 Productive Forest 3335 0.2 Total GIS Acres 3464 0 <55 6 7 8 9 10111213141516171819202122232425+ Diameter fountains land inc TIMBER RESOURCE Diameter Distribution - (Five Major Species): Spruce/Fir sawtimber volume accounts for the largest component of sawtimber by volume (2,607 total MBF) whose average diameter is 11.2” (as a measure of total volume). This species benefits from excellent local markets. Average white pine sawtimber diameter is 17.8” representing a resource well on its way to maturity (generally pine is considered mature when the average diameter reaches 18”).