LINCOLN PEAK TIMBER RIGHTS Adjacent to Sugarbush Ski Resort, the Long Trail, Lincoln Peak, and Green Mountain National Forest, these timber rights are for sale in perpetuity, offering an affordable timberland investment or long-term landscape protection of the adjacent treasured resources. Mt. Abraham looming over the 532 acres of timber rights in Warren 532 Acres, Warren, Vermont - Price $108,000 100 acres, Lincoln, Vermont - Price $14,000 Fountains Land, an F&W company, 7 Green Mountain Drive, Suite 3, Montpelier, VT 05602 Contact: Michael A Tragner ~ [email protected] ~ (802) 223-8644 x22 ~ (802) 233-9040 fountainsland.com INTRODUCTION The asset being offered for sale is JUST the timber rights in perpetuity, as stated in the deed “...reserving, however, to the grantor his heirs and assigns the right to cut and remove from the premises above described the timber standing. Thereon with the right to construct roads over and across said premises for the purpose of removing said timber therefrom.” This asset is well-aligned to both the timber investor seeking an affordable timber investment and/or for the conservation-minded group interested in influencing this unique site’s attributes. The offering exists as two separate tracts which can be acquired together or individually. However, the ownership will only sell the Warren tract separately if the Lincoln tract is sold first. Lincoln Gap (left) where the 100 acres sits, with Mt. Abraham and the Long Trail ridge sitting over the 532 acres. LOCATION The Lincoln and Warren landscape in which the timber rights are located is distinctive for several reasons. First, the site is surrounded by the Green Mountain National Forest (GMNF) and adjacent to (or within close proximity to) the Long Trail, as it reaches some of its highest elevations traversing the Lincoln Gap, Mt. Abraham, and the Lincoln Peak ridgeline. Secondly, the ski slopes of Sugarbush Resort sit within 700’ of the Warren tract’s northern boundary. Finally, the site’s 3,700’ elevation is visible from all areas within the Route 100 valley below. The timber rights are 4 miles west of Warren Village. Montpelier, Vermont’s state capital, is 29 miles to the northeast. ACCESS While it appears that the timber rights may not benefit from legal access, a temporary access permit is currently pending with the GMNF. The permit, once approved, would provide temporary access to the timber rights from the end of Hanks Road to the tract along Hanks Road Extension, a distance of roughly 1,450’. The pending permit would also provide for a landing site on GMNF land and for skid trail access to the timber rights in three areas. The proposed landing site would sit beyond a stream crossing, roughly 1,100’ from the end of Hanks Road. From the landing, the property boundary is about 350’ to the north. The property maps indicate the proposed access routes and landing site. Internal access for the Warren timber rights tract is provided by very old trails from Hanks Road to its main central valley. The eastern valley of this tract was likely accessed from West Hill Extension Road to the east. Historic access to the Lincoln tract appears to have come from the east through an adjacent ownership. Hanks Road Extension Fountains Land — Specializing in the sale of forestland and rural estates. SITE DESCRIPTION Both tracts are situated at high elevations, with the Warren unit starting at 1,700’ near Hanks Road Extension and rising to 3,700’ near Lincoln Peak. The Lincoln tract has a similar starting elevation and rises to 2,900’ along its western boundary with the Long Trail. Terrain is variable with modest to steep slopes. Upper watershed brooks run through each unit creating narrow valleys in areas. Most of the terrain on the Warren tract slopes southward toward the Hanks Road access, with the balance of the land sloping easterly down the Bradley Brook oxbow. Soils are primarily well-drained and well- suited to the hardwood resource found on the lower and mid-slopes and the spruce/fir and hemlock stands in the shallow soils of the upper slopes. Mid-slope northern hardwood stand where moderately sloping terrain prevails. TIMBER Timber data in this report are based on a timber inventory conducted in September of 2010 by an independent forest consultant. 83 points were sampled, covering a 5 X 10 chain grid using a 15 factor prism (1 plot per 5 commercial acres). Sampling statistics are ±19.4% standard error for sawlog products and ±11.3% for all products combined at the 95% confidence interval. No growth has been applied since the inventory date. The timber data reveal a total sawlog volume of 1,141 MBF International ¼” scale (2.8 MBF/commercial acre) with 5,499 pulpwood cords (13.3 cords/commercial acre). Individual tract volumes are prorated with commercial acreage for Warren at 378.3 acres and 35.7 acres for the Lincoln tract. Total stumpage value is estimated to be roughly $214,000 (this estimate accounts for the estimated $47,000 in road and trail upgrades needed to access the timber resource). Stocking & Harvest History: While the timber inventory report does not offer stocking data, field observations indicate a fully- stocked forest resource. Site evidence indicates harvesting last occurred roughly 30 years ago where a combination of group clear-cuts and thinning occurred. Three primary age classes exist: 6-7” size class (the result of the last harvest), 12-14” size class (the majority of volume), and an older age class with diameters in excess of 16”. Thinning and regeneration patch cuts can occur at any time. Fountains Land — Specializing in the sale of forestland and rural estates. TIMBER (continued) Species Composition: Based on the timber data, a species composition of hardwood prevails (92%), with red spruce, hemlock and balsam fir accounting for the softwood component. Sawlog composition includes yellow birch (41%), sugar maple (37%) and spruce/fir (16%), with the balance consisting of hemlock, red maple and white birch. Pulpwood volume is roughly divided between beech, yellow birch and sugar maple. TITLE and TAXES The timber rights are held by the Gerald Rice Sr. Trust. Copies of deeds, the 2010 timber data report, and pending access permits are available upon request. The ownership of the timber rights is not responsible for any taxes. Lincoln Peak, far left, with the slopes of the Warren unit’s eastern oxbow, an area that is drained by Bradley Brook. Fountains Land is the exclusive broker representing the seller's interest in the marketing, negotiating and sale of this property. Fountains has an ethical and legal obligation to show honesty and fairness to the buyer. The buyer may retain brokers to represent their interests. All measurements are given as a guide, and no liability can be accepted for any errors arising therefrom. No responsibility is taken for any other error, omission, or misstatement in these particulars, nor do they constitute an offer or a contract. We do not make or give, whether in these particulars, during negotiations or otherwise, any representation or warranty in relation to the property. Fountains Land — Specializing in the sale of forestland and rural estates. Locus Map Gerald Rice Sr. Trust Timber Rights Only q Lincoln Tract 100 Acres Warren Tract 532 Acres Lincoln & Warren, VT S T A G E C O TR BURLINGTON EM ! A BL P C AY RD 17 H H UV E R D ND N RD TY RELA RD D BA N I 87 S GG HILL R U 89 R I A D §¨¦ Y N R O Adirondack A §¨¦ Gerald Rice Sr. Tust B C CON W R Park _ D D ^ BUELS GORE L §¨¦93 O N U 95 M B Waitsfield §¨¦ E C D A L R 91 R R " IN HIL " Norton Hill' R L §¨¦ N O UL O S FAYSTON I T LL O N M O J C # N R R R STARKSBORO Stark Mountain' E D D O 90 2020 R SS §¨¦ # D R RRIS HILL D 3662 A ! ALBANY H " D B R 88 R O §¨¦ BOSTON ! L Irasville O IL K k D 90 D H R r A O90UNG R E D a N§¨¦ T Y G L D ROBER B R P S ! §¨¦ R l E L il A SPRINGFIELD A L k M I s R R Cat H G JER D D JE U R R R R E SA LEM USAL M HARTFORD! E E 87 N G " K WAITSFIELD M A T C §¨¦ N U R D U Jerusalem N T R D O R Y N 84 95 L F EL D O §¨¦ §¨¦R S L M US A M " T O 17 Ellen, Mount' S C UV South Starksboro # R D 4083 R O R L Y S LE Cutts Peak' T R O D B N # U G N R U ENO RD B 3975 D D RD T Z I Y D R N H D D ROLS TO R LE IE # R SH R D D E 2002 R US M D RB H A A N R A C G C R E U ESS D L S RD IL V S G Q U N I L RD A AL Nancy Hanks Peak' I N H N K " F E W # E R O 3812 R N S Downingville O OW D D L LL T R L HO R I AM Lincoln Peak' D H ISH L C BY O L # I L A HILL RD H T 3975 R K W CID E I N S R Abraham, Mount' D D D D R W R LN # N E R " S LL R Q E N I E 4006 T V M R E U West Lincoln E A O R J R O A P R P T R M D H U R RD K D I R E HILL RD R LDER Sugarloaf Mountain' A A D E R # B W " R S 2115 WARREN O E T OK " RD " E East Warren R I D V V R A E R D N N R R H Y E E O Y R Y B B D R R D A R RK D O R H RD R I L L W RD R N U P O N INCOLN G A L M LL N S FU E R E D R LINCOLN H S R IL L D RD N E E R G D R D N 8 T BRISTOL R 2 M L H L Y I T S L H Prospect Rock' K D C W R I # D R Y NT R E P R M M A IL E L R E T L D G T SE " CH FREN Alpine Village D P IMES R " GR L Legend U N D C O R MASTERSO K U N RD T N N O T Boundary O D D Y R N H T R NO TC R L P D I L R I ROXBURY R H D S US Highway # B L B I N 3066 O Grant, Mount' C C O # LN Interstate R 3623 D Clevelan#d, Mount' State Highway U S Adams Mountain' F 3482 S 2 # 0 1 Primary Town Rd3214 Secondary Town Rd GRANVILLE D Cobb Hill' R # N Town Boundary L 2301 O C PublicN Land N H I O L L L Other O Conserved Lands EAR W P L L RD RIPTON Roosevelt, Mount' E E R # 100 D D UV R 3540 H C N A 0 0.5 1 2 Miles R B N ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Gerald Rice Sr.