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HomeMy Public PortalAbout1991.07.03 Appraisal identified for golf course exchange a REAL ESTATE CONSULTING GROUP, DEAL ESTATE APPRAISERS •INVESTMENT ADVISORS•CONSI .i.ATS Tom McKEVI7 .,IAI TREY KNI! , MAI JACK COCHR/ SRA BRADFo, KNIPE July 3, 1991 Bud Schmidt, City Administrator City of McCall P. O. Box 1065 McCall,Idaho 83638 Re: Golf Course Exchange Dear Mr. Schmidt: Enclosed please find my appraisal of the parcels identified for the golf course exchange; which is being contemplated between the City of McCall and D and D Lands. It is my understanding that the parcels identified within my appraisal as Parcels 1, 2, and 3 are the parcels involved in the land exchanged. Parcel#4 is owned by the city, but is not included in the exchange. While I have attempted to value these parcels under assumptions relative to their theoretical condition prior to any development which now may be present(as the parties to the exchange requested), the practical reality is that the remnant parcels are of nominal value, and the low end of the value range for Parcels 1 and 2 is a more prudent value from which to base an exchange. What hasn't been considered in my analysis of these parcels, is the benefit gained by either property owner as a result of this exchange. Obviously, the city will acquire land that they have improved with a road to access the golf course's new club house and parking lot. The parcel (Parcel# 1) to be acquired by the city is necessary for the continued operation of the golf course and accompanying facilities. Parcel#2 provides continuity between the golf course and land held in private ownership within Timberlost VI Subdivision. It is my understanding that in the tentative agreement to exchange for Parcels 1 and 2 (and various other remnants) , D and D Lands is to receive a portion of Parcel#3. Various parcelization plans have been considered,but generally, the parties agreed that the city would retain approximately one (1) acre of the parcel near the northwest comer of Clements Road and Reedy Lane. D and D Lands owns land adjoining Parcel#3, which is located on the golf course and is zoned for multi-family residential development. Acquiring the eastern portion of Parcel#3 (which slopes down to the land owned by D and D from a ridge area near the center of the parcel), would provide a natural buffer which would enhance the success of a condominium development on the land owned by D and D. By acquiring this portion of Parcel#3, D and D Lands can limit development directly adjoining them to the west. 3000 NORTH LAKEHARBOR LANE • SUITE 200 • BOISE, IDAHO 83703 • TELEPHONE (208)8$3-2020 • FAX (208)8$3-2028 i � � 1 1 From the analysis of the golf course exchange parcels,it is my opinion that the exchange, as contemplated, is an economically prudent business decision for the city. On a dollar for dollar basis, if the city is able to acquire Parcels 1 and 2,plus the remnant parcels, in exchange for Parcel#3 (excepting one (1) acre in the northwest corner of the parcel), the city is acting in the best interest of the community. At the low end of the value range estimated for these parcels (Parcel 1 and 2), the value of the land offered for exchange by D and D Lands has an approximate value of$199,500 (not including the theoretical value of the strip of land along Clements Road). The city owned parcel (Parcel#3) is valued at approximately$234,000, leaving a difference of $34,500,which,if attributed to the one (1) acre parcel within the northwest corner of Parcel#3, must be seen as a good deal for the city. Utilizing the same unit value as that estimated for Parcel#3, indicates a value for the one (1) acre parcel within Parcel#3 of $78,000. Therefore, it is my opinion that the analysis of the exchange confirms the position of the city to warrant moving forward in the consummation of the land exchange as it has been contemplated. As I see the deal, both parties are in a win-win situation; it makes good economic sense for the city and the golf course, and D and D Lands will achieve a more marketable, if not valuable parcel fronting the golf course. I hope this letter will assist the city in putting the appraisal of the land exchange parcels in its proper prospective. Please let me know if I may be of further assistance to you; otherwise, I trust that the land exchange will proceed forward as planned without significant delays. Sincerely, Trey , REAL ESTATE CONSULTING GROUP ___---_-_- - -CERTIFICATEOF APPRAISAL -- -------_ __ ------------- I certify that, to the best of my knowledge and belief. 1. The statements of fact contained in this appraisal report are true and correct. 2. The reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions and are my personal,unbiased professional analyses, opinions, and conclusions. 3. I have no present or prospective interest in the property that is the subject of this report, and I have no personal interest or bias with respect to the parties involved. 4. My compensation is not contingent on an action or event resulting from the analyses, opinions, or conclusions in, or the use of, this report. 5. The appraisal assignment was not based upon a requested minimum valuation, a specific valuation, or the approval of a loan. 6. My analyses, opinions, and conclusions were developed, and this report has been prepared,in conformity with the requirements of the Code of Professional Ethics and the Standards of Professional Practice of the American Institute of Real Estate Appraisers. Additionally, the appraisal report is made in conformity with the Uniform Standards of Professional Appraisal Practices. 7. The use of this report is subject to the requirements of the Appraisal Institute relating to review by its duly authorized representatives. 8. I have made a personal inspection of the property that is the subject of this report. 9. No one provided significant professional assistance to the person signing this report. 10. The Appraisal Institute conducts a voluntary program of continuing education for its designated members. MAIs who meet the minimum standard requirements of this program are awarded periodic education certification. As of the date of this report, I, �- Trey Knipe, have completed the requirements under the continuing education program of the Appraisal Institute. Based upon a physical inspection of each of the parcels, the analyses undertaken, and subject to the assumptions and limiting conditions set forth in the report following, it is my concluded opinion as of May 29, 1991, the Market Value of the parcel under appraisement in Fee Simple Title was: Parcel# 1 $148,000 to$170,500 Parcel#2 $51,500 to$69,000 Parcel# 3 $234,000 Parcel#4 $116,000 J � L Trey MA REAL ESTATE CONSULTING GROUP,INC. • v GOLF COURSE EXCHANGE PARCELS . 7 i RAN "N-� i8� N " n 1� CLUB --- - HOUSE ' CONDO AREA / ' Ir� ,w,JJJ CONDO �• I AREA r FAIRWAY 4% Sl II a .•.•.. 09 o� w l •� ®h ? � 11 1 /// 9 •L I' i I� Q N C, •.I V t i "ov / atw 7 NJts Ga w Q,rO �v - d uro, 6 FAIRWAY .,,, C:I69 a+.r t• �8 ® t `Jl M.tu. / / IIr•r ' t'� ' r.i,J I A 8 l � C' !I 7 0 II e u It.JJl gItl t � '� glto a � I,f a rooLer RrENuE TIMBERL OST VI SUBDIVISION REAL ESTATE CONSULTING GROUP, INC r REAL ESTATE APPRAISERS• INVESTMENT ADVISORS•CONSULTANTS WARRANTY DEED FOR VALUE RECEIVED, Don C. Medley and Myrna Medlay, hus- band and wife and Dick Medley and Janice Medley, husband and 3 wife, doing business as D & D Lands and D & D Development, an Idaho Partnership, the Grantors, do hereby grant, bargain, sell 4 and convey unto the City of McCall, an Idaho Municipal Corporation, the Grantee, whose mailing address is Post Office 5 Box 1065 , McCall, Idaho 83638 , the following described premises , in Valley County, Idaho, to-wit: 6 A tract of land in the W�NWa of Section 10 , T. 18 North, 7 Range 3 East, Boise Meridian, in Valley County, Idaho, more par- ticularly described as follows : 8 Commencing at the one-quarter corner common to Sections 9 9 and 10 , Township 18 North, Range 3 East, Boise Meridian, p Valley County, Idaho, being the Real Point of Beginning: N Q 10 Thence East along the Southerly boundary line of the 11 SW4NWa of said Section 10 , a distance of c 00 10 . 5 feet; aPQ � 1 o� g Q 12 Thence North, 00° 01 ' 40" East, 1279 . 66 feet to a point; W Thence South, 89° 56 ' 10" East, 608 . 67 feet to a point; . z Q Fo w'213 Thence South, 10° 55 ' 30" West, 100 . 86 feet to a point; o Y Q 2 o Thence South, 71° 43 ' East, 120 . 55 feet to a point; Z z ,; o la Thence North, 10° 55 ' 30" East, 186 . 35 feet to a point; Q w o 'T Thence North, 85° 16 ' West, 242 feet to a point; z N Q 10 Thence North, 491 53 ' West, 107 . 00 feet to a point; LL o m o 15 Thence North, 09° 21 ' East, 30 . 05 feet to a point; c b w16 Thence North, 75° 45 ' West, 311 , 40 feet to a point; a o Thence South, 251 10 ' West, 30 . 35 feet to a point; 17 Thence South, 73° 30 ' East, 131 . 10 feet to a point; Thence South, 18° 41 ' West, 133 . 19 feet to a point; 18 Thence North, 89° 56 ' 10" West, 200 feet, more or less to a point on the Section line common to Sections 9 19 and 10; Thence South, 00° 01 ' 40" West, 1329 . 66 feet, more or 20 less to the Real Point of Beginning. Containing 1 . 899 acres, more or less excluding Fairway 21 Drive and Ready Lane. 22 Bearings based on the plat of Timberlost VI . 23 SUBJECT TO Fairway Drive and Ready Lane as shown on the official plat of Timberlost V. , as recorded April 9 , 1979 24 under Instrument No. 100075, Records of Valley County, Idaho. 25 AND 26 1 Warranty Deed Page 2 . 2 Two parcels of land being a portion of Timberlost VI as shown on the official Plat thereof on file in the office of 3 the Recorder of Valley County, Idaho, in Book 8 , Page 19 of Plats, more particularly described as follows : 4 Commencing at a �" rebar marking the Southwest corner Lot 5 14 , Timberlost VI as shown on the Official Plat thereof on file in the Office of the Recorder of Valley County, Idaho, 6 in Book 8 , Page 19 of Plats, the real point of beginning; 7 Thence South 89° 53 ' 00" East, 163 . 82 feet along the Southerly boundary of said Lot 14 , 8 thence South, 30 00 ' 00" East, 71 . 95 feet to the extended Northerly right of way of Wooley Way, 9 thence North, 890 47 ' 23" West, 186 . 46 feet along said o right of way to a 5/8" rebar, Co N 10 thence North, 140 47 ' 00" East, 73 . 96 feet to the Q co point of beginning, containing 0 . 288 acres, o O 11 more or less . Q2E C4 C w Q J o Q 12 Also commencing at a �" rebar marking the Southwest corner W � of Lot 33 , Timberlost VI as shown on the Official Plat H o w 13 thereof on file in the Office of the Recorder of Valley Y o Q � oo County, Idaho, in Book 8 , Page 19 of Plats , the real point Z Q w N 14 of beginning; a > oUja Z N x � 15 Thence North, 890 47 ' 23" West, 91 . 28 feet along the LL o 00 extended Northerly right of way of Wooley Way, 04 Q o w 16 thence North, 3° 00 ' 00" West, 65 . 40 feet, o thence South, 71° 34 ' 00" East, 99 . 89 feet to a 17 5/8" rebar marking the Northwest corner of said Lot 33 , 18 thence South, 00 07 ' 00" West, 34 . 06 feet to the point of beginning, containing 0 . 106 acres, more or 19 less . 20 Bearings based on the plat of Timberlost VI . 21 AND 22 A 12 . 00 foot wide easement and right of way for golf players , golf carts and golf course maintenance purposes, 23 situate in a portion of Timberlost VI as shown on the Offi- cial Plat thereof on file in the Office of the Recorder of 24 Valley County, Idaho, in Book 8, Page 19 , of Plats, lying 6 . 00 feet on each side of the following described line: 25 Commencing at a �" rebar marking the Southeast corner of Lot 26 14 , Timberlost VI as shown on the Official Plat thereof on 1 Warranty Deed Page 3 . 2 file in the Office of the Recorder of Valley County, Idaho, in Book 8, Page 19 of Plats; 3 Thence, North, 89° 53 ' 00" West, 11 .52 feet along 4 the Southerly boundary of said Lot 14 ; thence, South, 3° 00 ' 00" East, 17 .66 feet along 5 the westerly right of way of Eagle Drive to the real Point of beginning; 6 Thence, North, 48° 00 ' 00" East, 53 .98 feet to the 7 Easterly right of way of Eagle Drive, the point of ending. 8 Bearings based on the plat of Timberlost VI . 9 o To have and to hold the said premises, with their w N 10 appurtenances unto the said Grantee, its successors and assigns Q '0 ", o forever. And the said Grantors do hereby covenant to and with the said Grantee, that they are the owners in fee simple of said a a o 0 co 11 premises; That the said premises are free from all incumbrances Jo ? o Q 12 except taxes for the year 1992 , which are not yet due and paya- W � N - LL ble and that they will warrant and defend the same from all law- H o w 13 ful claims whatsoever. ZQ w0 14 Dated this 4- day of May, 1992 . Qw0Q '0 LL o m o 15 rdlL CL Q o 04 z 16 Don C. Medley 0 X 17 , 18 yrn Medley 19ZZL 7, By: Don C. Medley, 20 her Attorney in fact 22 Dick Medley 23 0, G . By: Don C. Medley, 24 his Attorney in fact 25 xT; ----__A -I -/� 26 Janice Medley 1 Warranty Deed Page 4 . 2 3 By: Don C. Medley, her Attorney in fact 4 ) State of Idaho, 5 ( ss . County of Valley. ) 6 -� On this day of May, 1992 , before me, the 7 undersigned, a Notary Public in and for said State, personally appeared Don C. Medley, known to me to be the person whose name 8 is subscribed to the within instrument, and acknowledged to me that he executed the same. o 9 IN Wtla'�`-NH96,,;1HEREOF, I have hereunto set my hand and il 00 N 10 affixed my"A) ,fici�,A`�;geal the day and year rrs -above written. co -77 Q e (�1!i �+ <� Cp 11 ` yW J6 < cGL' —10 ? o Q 12o —�� x ,. Notary Public for Idaho W � N Ao G a Residing at Mc Call, Idaho. 4 F- o w 13 �� U13�.1 -D My Commission expires 04/22/97 b' U Y O r 13' e�`�YaeAeac Y Q o Z o w N 14 State ofto ( ss . LL LIJ o 0 0 -0 IS County of Valley. /) m Q 16 On this r day of May, 1992 , before me, the O w p undersigned, a Notary Public in and for said State, personally a 17 appeared Don C. Medley, known to me to be the person whose name is subscribed to the within instrument, as attorney in fact of 18 Myrna Medley, Dick Medley and Janice Medley, and acknowledged to me that he subscribed the names of Myrna Medley, Dick Medley and 19 Janice Medley thereto as principal, and his own name as attorney in fact. 20 IN WITNESS WHEREOF, I have hereunto set my hand and 21 affixed my official Seal the day and year in th' s certificate first above written. 9 22 ,It00 q9�it0/�49pp � 'j' 23 e`4 �oaooasca a `' / G C Notary Pub is for Idaho CSA !- Residing at McCall, Idaho 24 a ° x My Commission expires 04/22/97 25 m sr. � o AU131✓� a u1 r5 _$ City of McCall OFFICE OF THE CLERK BOX 1065 MCCALL, IDAHO 83638 November 16 , 1991 Mr. Don Medley P.O. Box 772 McCall, Idaho 83638 Dear Don, Attached is a copy of Ordinance 596 . This ordinance sets a hearing for December 12 at 7 : 30 p.m. on the proposed land trade. I thought you might want to attend. Sincerely, Arthur J. Schmidt, City Administrator D je- WARRANTY DEED For value received, the City of McCall, an Idaho municipal corporation, Grantor, grants, bargains, sells, and conveys to Don C . Medley and Dick Medley, d/b/a D & D Land, of McCall, Idaho, Grantees, the following described real property: That certain parcel of land, a portion of Lot 1, Block 5, Timberlost Subdivision V, as shown on the official plat thereof on file in the office of the Recorder of Valley County, Idaho, in Book 7 of Plats, at Page 20, more particularly described as follows : Commencing at the northwest corner of such Lot 1; thence S . 890 49 ' 10" E . a distance of 225 .38 feet along the northerly boundary of such Lot 1 to the real point of beginning; Thence S . 89° 49 ' 10" E . a distance of 160 . 54 feet to the northeast corner of such Lot 1; thence S . 340 33 ' 00" W. a distance of 274 .34 feet along the easterly boundary of such Lot 1; thence S . 200 24 ' 00" W. a distance of 387 .25 feet to the southerly boundary of such Lot 1; thence N. 890 49 ' 10" W. a distance of 96 . 84 feet to the southwest corner of such Lot 1; thence N. 00 08 ' 40" W. a distance of 313 .35 feet along the west boundary of such Lot 1; thence S . 76° 00 ' 00" E . a distance of 95 . 83 feet; thence N. 240 00 ' 00" E . a distance of 327 .24 to the point of beginning; containing 1 . 901 acres, more or less; such bearings being based on State Plane Grid Azimuth; located in Valley County, Idaho; Subject to easements, reservations and exceptions of record. And the Grantor covenants that it is the owner in fee simple of the described real estate, and that it is free of all encumbrances not above-described, and that it will warrant and defend the same from all lawful claims whatsoever. DATED: March 13, 1992 CITY OF McCALL i Attest : by: Laurance A. Smith, Ji-. Mayor Arthur/J. Schmidt, Clerk State of Idaho ) ss . County of Valley ) On this day f , in the year 1992, before me, , notary public, personally appeared Laurance A. Smith, Jr.4 known or identified to me to be the Mayor of the City of McCall that executed the said instrument, and acknowledged to me that such City of McCall executed the same . Not y/Public for Idaho My commission expires : 0 1 WARRANTY DEED 2 FOR VALUE RECEIVED, Don C. Medley and Myrna Medlay, hus- band and wife and Dick Medley and Janice Medley, husband and 3 wife, doing business as D & D Lands and D & D Development, an Idaho Partnership, the Grantors, do hereby grant, bargain, sell 4 and convey unto the City of McCall, an Idaho Municipal Corporation, the Grantee, whose mailing address is Post Office 5 Box 1065, McCall, Idaho 83638, the following described premises, in Valley County, Idaho, to-wit: 6 A tract of land in the ANW4 of Section 10, T. 18 North, 7 Range 3 East, Boise Meridian, in Valley County, Idaho, more par- ticularly described as follows: 8 Commencing at the one-quarter corner common to Sections 9 9 and 10, Township 18 North, Range 3 East, Boise Meridian, p Valley County, Idaho, being the Real Point of Beginning: N g M o 10 Thence East along the Southerly boundary line of the 11 SWaNA of said Section 10, a distance of 00 w Q 10 .5 feet; Q c -10? o Q 12 Thence North, 00° 01 ' 40" East, 1279. 66 feet to a point; w -LU Q " Thence South, 89° 56 ' 10" East, 608 . 67 feet to a point; H o w 13 Thence South, 10° 55 ' 30" West, 100 . 86 feet to a point; Y o Q 20 Thence South, 71° 43 ' East, 120 .55 feet to a point; Z Q w 0 14 Thence North, 10° 55 ' 30" East, 186.35 feet to a point; < >- co a C0 Thence North, 85° 16 ' West, 242 feet to a point; Q z o < '0 Thence North, 49° 53 ' West, 107 . 00 feet to a point; LL o m o 15 Thence North, 09° 21 ' East, 30 . 05 feet to a point; Q o w 16 Thence North, 750 45 ' West, 311,40 feet to a point; a 0 Thence South, 250 10 ' West, 30.35 feet to a point; 17 Thence South, 73° 30 ' East, 131 . 10 feet to a point; Thence South, 18° 41 ' West, 133 . 19 feet to a point; 18 Thence North, 89° 56 ' 10" West, 200 feet, more or less to a point on the Section line common to Sections 9 19 and 10; Thence South, 00° 01 ' 40" West, 1329 . 66 feet, more or 20 less to the Real Point of Beginning. Containing 1 . 899 acres, more or less excluding Fairway 21 Drive and Ready Lane. 22 Bearings based on the plat of Timberlost VI . 23 SUBJECT TO Fairway Drive and Ready Lane as shown on the official plat of Timberlost V. , as recorded April 9, 1979 24 under Instrument No. 100075, Records of Valley County, Idaho. 25 AND 26 1 Warranty Deed Page 2 . 2 Two parcels of land being a portion of Timberlost VI as shown on the official Plat thereof on file in the office of 3 the Recorder of Valley County, Idaho, in Book 8, Page 19 of Plats, more particularly described as follows: 4 Commencing at a �" rebar marking the Southwest corner Lot 5 14 , Timberlost VI as shown on the Official Plat thereof on file in the Office of the Recorder of Valley County, Idaho, 6 in Book 8, Page 19 of Plats, the real point of beginning; 7 Thence South 89° 53 ' 00" East, 163. 82 feet along the Southerly boundary of said Lot 14, 8 thence South, 3° 00 ' 00" East, 71 . 95 feet to the extended Northerly right of way of Wooley Way, 9 thence North, 89° 47 ' 23" West, 186 .46 feet along said FD right of way to a 5/8" rebar, N C- 10 thence North, 140 47 ' 00" East, 73 .96 feet to the co 10 point of beginning, containing 0.288 acres, Qo 0 11 more or less. Q P 2 v -� 0 LU o Q 12 Also commencing at a �" rebar marking the Southwest corner W � `� of Lot 33, Timberlost VI as shown on the Official Plat H o w 13 thereof on file in the Office of the Recorder of Valley Y o Q 20 County, Idaho, in Book 8, Page 19 of Plats, the real point Z Q w N 14 of beginning; QW O a C) Ix c N x 15 Thence North, 89° 47 ' 23" West, 91 .28 feet along the LL o 00 extended Northerly right of way of Wooley Way, Q oW 16 thence North, 3° 00 ' 00" West, 65 .40 feet, p thence South, 71° 34 ' 00" East, 99.89 feet to a a 17 5/8" rebar marking the Northwest corner of said Lot 33, 18 thence South, 0° 07 ' 00" West, 34 .06 feet to the point of beginning; containing 0 . 106 acres, more or 19 less. 20 Bearings based on the plat of Timberlost VI. 21 AND 22 A 12 . 00 foot wide easement and right of way for golf players, golf carts and golf course maintenance purposes, 23 situate in a portion of Timberlost VI as shown on the Offi- cial Plat thereof on file in the Office of the Recorder of 24 Valley County, Idaho, in Book 8, Page 19, of Plats, lying 6 . 00 feet on each side of the following described line: 25 Commencing at a �" rebar marking the Southeast corner of Lot 26 14 , Timberlost VI as shown on the Official Plat thereof on 1 Warranty Deed Page 3. 2 file in the Office of the Recorder of Valley County, Idaho, in Book 8, Page 19 of Plats; 3 Thence, North, 89° 53 , 00" West, 11 .52 feet along 4 the Southerly boundary of said Lot 14 ; thence, South, 3° 00 , 00" East, 17 .66 feet along 5 the westerly right of way of Eagle Drive to the real Point of beginning; 6 Thence, North, 48° 00 , 00" East, 53.98 feet to the 7 Easterly right of way of Eagle Drive, the point of ending. 8 Bearings based on the plat of Timberlost VI . 9 o To have and to hold the said premises, with their co N 10 appurtenances unto the said Grantee, its successors and assigns 3 ' o forever. And the said Grantors do hereby covenant to and with 2 Q co o 0 11 the said Grantee, that they are the owners in fee simple of said QQ a = (N premises; That the said premises are free from all incumbrances C w Q JQ 12 except taxes for the year 1992 , which are not yet due and paya- W N N ble and that they will warrant and defend the same from all law- z �2 Q I- o w 13 ful claims whatsoever. ZO Q 2 O z w o 14 Dated this 4. day of May, 1992 . Q y 0 a v � Z NQ c x C' 15 LL 0 0 0 H m N a 0w 16 Don C. Medley a z O _ a 17 18 yrn Medley 19 By: Don C. Medley, 20 her Attorney in fact 21 22 Dick Medley 23 By: Don C. Medley, 24 his Attorney in fact 25 26 Janice Medley ;R t 1 Warranty Deed Page 4 . 2 3 By: Don C. Medley, her Attorney in fact 4 State of Idaho, ) 5 ( ss. County of Valley. ) 6 On this �r day of May, 1992, before me, the 7 undersigned, a Notary Public in and for said State, personally appeared Don C. Medley, known to me to be the person whose name 8 is subscribed to the within instrument, and acknowledged to me that he executed the same. 9 p IN 'gj 9fl6a,,g1HEREOF, I have hereunto set my hand and N 10 affixed0�ff�e�T'„,Feal the day and year PkFs a ove written. Q ch 10 .° A � J o0 11 TAR� °? ' w Q � = v o 2cC'i �' � o e x '•� = Notary Public for Idaho W N U) 12 o C, p Residing at Mc Call, Idaho. w H o w 13 cP'pIIBLI ®° g.” My Commission expires 04/22/97 Q 0 Z z wN 14 State of �'d, o9 Qco LU oseaes3nn c LL x O 15 County of Valley. ( ) s m O Q ow 16 On this day of May, 1992 , before me, the p undersigned, a Notary Public in and for said State, personally 17 appeared Don C. Medley, known to me to be the person whose name is subscribed to the within instrument, as attorney in fact of 18 Myrna Medley, Dick Medley and Janice Medley, and acknowledged to me that he subscribed the names of Myrna Medley, Dick Medley and 19 Janice Medley thereto as principal, and his own name as attorney in fact. 20 IN WITNESS WHEREOF, I have hereunto set my hand and 21 affixed my official Seal the day and--larin t ' s certificate first above written. 22 e'0onn�nua,aoa, 'r 7 f T. 23A 'C % Notary Pub`iic for Idaho 24 TAJQI'• Residing at McCall, Idaho My Commission expires 04/22/97 25C ® C, n w B VA 26 O F °dceaaia9eQ°'�� 8 7 9 6 REQUESTED BY: RECORDED 4pmd/ AN 2 46 TYPE: 7 A LES. ..�,, : H ) I BY: F.rUTY FE ev GOLF COURSE ADVISORY COMMITTEE MINUTES September 10 , 1991 Attending: Dave Engen, Chairman Bud Schmidt DeEtte McCarty Charles Denham Craig Collins Dan Hormaechea Ted Whiteman 1 ) D & D Land Trade Dan Hormaechea reviewed a letter fron Bill Killen (copy attached) written at the request of members of the golf course foundation rendering the opinion on the appraisal relative to the D & D land trade. Hormaechea stated that the foundation contacted Killen and Kerrick for a legal point of view and }.��7 th,: extent of thE:_' . ir.: _1,,er: - . Easements were in question as to whether or not the city is trading for land it currently has an easement for access through. After lengthy discussion Ted Whiteman inquired as to whether the city would benefit -- fro— the trade, is it in the city' s best intrest? Dave rage:., 7 t!,- come lines . asked "Can the city use the land sp`cifi<_ & i: r ---- Ili land does the city need for overfic- narking and cart storage?" Dave Engen produced arawings or the parcel in questin with a 200 ' X 215 ' rectangular portion and asked if the committe thought this was adequate for city use . At this time the floor was open to motions . Ted Whitema- m^ved that the committee ao on record objecting to the fac_. :.: I-- appra_ _ _ adequately consider easements in its appraisea value o.L each parcel and further recommends that the city, during the process of trade, retain adequate land for cart storage and overflow parking no less than 1 . 5 acres . DeEtte McCarty seconded and the motion carried. Dan Hormaechea moved to have boundaries of the 1 . 5 acre plot defined as soon as possible. Ted Whiteman seconded and the motion carried. 2 ) The meeting with Mayor Allen was discussed briefly. Ted Whiteman produced his letter for committee approval . The committee agreed the letter was a positive step toward defining committee role in golf operations . Craig Collins moved that one statement be amended and the letter be sent . DeEtte McCarty seconded and the motion carried. 3 ) Spring Mountain Ranch Ted Whiteman moved that before city council approves layout and design of the Spring Mountain Ranch 9 holes, the committee would like to meet with developers to review the plans . Craig Collins seconded and the motion carried unanimously. 4 ) Cart Storage Design and Construction After much discussion about building design, cost and where money is to come from, Dan Hormaechea moved to ask Tom Haynes to produce a new drawing with spaces reduced from 10 'X 12 ' to 8 'X 11 ' to save area, also to decide on type of building. Ted Whiteman seconded and the motion carried. The committee needs feedback from private cart owners as to the type of building they desire . 5 ) Capital Improvements Bud Schmidt will provide forms for committee to re-prioritize capital improvements in October. 6 ) Winter Use of Clubhouse The city would like to see the clubhouse remain available through the winter carnival to host Christmas parties and other social gatherings . The committee recomended that Jim Mann come up with a proposal for restaurant to host or cater these events . 7 ) Mission Statement Bud Schmidt reported that the City council had recomended that the committee review Mission statement and have a work session to recomend amendments . The committee suggested that a council member or two sit in on this work session to bring all points of view into one room for discussion on the direction of committee. Dan Hormaechea moved that the committee is operating under Mission statement as of 1987 , if there are any changes to this statement, it should be brought to the committee ' s attention. Craig Collins seconded and the motion carried. The meeting adjourned at 9 : 50 p.m. Dave Engen Law Offices of KILLEN & KERRICK, P.A. 200 East Park St. P.O. Box A.O. McCall, Idaho 83638 William M. Killen Telephone: (208) 634-7118 Carl B. Kerrick September 6 , 1991 FAX (208) 634-5880 TO: McCall Golf Course Foundation c/o Dan Hormeachea , Secretary P . 0 . Box 187 McCall , Idaho 83638 FROM : William M. Killen �2/ RE : Review of Real Estate Consulting Group Appraisal - McCall Golf Course Parcels (Report Date of July 2, 1991 ) ATTN : Sam Alacano , Chairman Backaround: In response to your request I have reviewed the subject---appraisal in order to assess Its validity and credibiT'Ity from a legal perspective . My understanding Is that the Foundation has received a request from the Chairman or the City's Golf Course Advisory Committee seeking their input on the document and they in turn elected to seek this legal opinion . a Summary : My overall assessment is that the appraisal used, the analysis employed, and the conclusic^s rendered are reasonable and appropriate in light of the assumptions relied upon . However , certain of the assumptions themselves , appear to be at variance with the actual facts and circumstances and their legal consequences. As a result it is believed that the value estimates for certain of the Parcels treated, No . 1 and 2 in particular are substantially_ flawed: that their appraised values are materially over stated as a result . Opinion • Parcel l : The appraisal is based. in part . on the assumption that the parcel is subject only to a cart path access easement which is allegedly subject to being re-routed over the parcel to allow for further development ( p . 46 - Utilites and Easements) . A review of the subject easement and its language (Valley County Recorder's Instrument No . 87480 , executed in 1974 ) does not support McCall Golf Course Foundation Page 2 September 6, 2991 this limited characterization . The express grant references " an easement for access between fairways Nos. 6, 7 and 8 of the golf course . . [presently holes 11 , 12 and 13 respectively ] . This language , coupled with the actual use both prior and subsequent to the grant indicates foot traffic , cart traffic , vehicular traffic , and utility lines crossing the subject parcel in at least two well -defined corridors. Meandering along and within the irregular northerly boundary of the parcel Is the pathway used for foot and cart traffic essentially linking the 7th tee to the green and the 8th tee beyond. This corridor also carries a water line for the course which pre-existed the 1974 grant . A second branch of this pathway runs southward from a point roughly midway between the No . 7 tee and green linking up with the 6th green . This segment was substantially wider , providing vehicular access for course maintenance equipment and vehicles between fairways 6 and 7, as well as an additional water line running southerly to the 6th fairway . It is clear from the observations made in the Appraisal Analysis that no consideration was given to those routes save to—a limited extent , namely , the portion of the cart path meandering along the 7th fairway , because of its presumed moveable nature . In realty easement grants such as involved here , while moveable initially , namely , prior to their actual development , essentially " ripen" into fixed easements once physically established upon the land. In addition to the foregoing uses, all of which pre-dated the 1974 grant , Payette Lakes Water and Sewer District holds a record easement traversing from the 6th fairway alongside the above referenced South branch of the cart path/roadway northward across the 7th fairway . This was granted by the City in 1980 . Finally in early 1990 City water , power and sewer lines were laid beneath the roadway , subsequently paved, which bisects the parcel from West to East providing access to the new club house . Given the character and extent of the uses crossing the subject parcel prior to the 1974 grant , together with the language of the grant . a reasonable construction of that grant is that it authorized access across the parcel for all Purpose usual and incidental to the operation and maintenance of the portion of the golf course referenced as well at play itself . To characterize the easement as being only a cart path easement is highly questionable . Further , in light of the fixed nature of these uses, the appraiser' s conclusion that the site is developable as either 15 condominium units or 5 residential lots is McCall Golf Course Foundation Page 3 September 6 , 2991 suspect . Even if one assumes the 1990 improvements crossing the parcel are not within the scope of the 1974 grant , all prior crossings whether cart path , roadway or utility lines are either clearly within the grant or have matured prescriptively . Their precise location and character are not moveable as a matter of right and thus materially impact the conclusions reached as to use , potential and consequent value . A further error of material consequence to the appraisal is the mistaken assumption as to zoning. Parcel 1 is not Residential B , but is rather Urban Agricultural and Recreation (Zone F) . This is the Zoning Classification that encompasses the golf course proper ; Residential B generally applies to homesites abutting the course in Timberlost I through VI ; a review of the City Zoning Maps indicates the subject parcel is classified as a contiguous part of the course for zoning purpose and is coded accordingly . At most , Zone F may be developed at one residential unit per acre ( F-3) , at worst one per ten acres ( F- 1 ) ; unless otherwise designated land in Zone F is treated as F- I-;- the author was unable to identify any special designa"t"ion beyond F for the subject parcel . Further- , multi -unit residences are not permitted uses in this zone . Parcel 2 : a The analysis of Parcel 2 suffers from similar defects though to a much lesser degree . It too is included within the scope of the 1974 grant , and the actual uses pre-dated the grant , consisting of a surface pathway used as both a cart/foot path and as a vehicular roadway ; it too carries underground water lines linking the golf holes involved. As before these crossing are and have been in place for a number of years , predating the 1974 grant and, as such , are not moveable as a matter of right . As pointed out by the appraiJa.l analysis this easement corridor virtually bisects the parcel East to West . Their analysis rests on the belief that it can be developed into two ( 2) single family residences of around 10 ,000 square feet each (Appraisal at p . 70 ) . While the analysis elects to disregard both the cart path and Eagle Drive (Appraisal at p . 64) (which partitions the property into eastern and western portions) , both these features existed as of the appraisal date and radically limit the development potential of the parcel especially when coupled with the applicable set back requirements , in reality at most one buildable lot would be available on the westerly portion . McCall Golf Course Foundation Page 4 September 6, 2991 Further , while the appraisal treats the property as being Residential Zone B , its actual zoning classification would appear to have been Zone F at the relevant date (May 29 , 1991 ) . The actual zoning classification is somewhat unclear since no color coding appears on the City Zoning Map and it appears as unplatted property on the Timberlost VI Subdivision plat . Since that platting did not alter its character for zoning purposes It presumably remains Urban Agricultural and Recreation (Zone F-1 ) , thus burdening it in the like fashion as parcel 1 , insofar as development potential . Parcels 3 & 4 : These parcels , while also crossed historically by roadways, are the parcels owned in fee by the City ; as such the historical use of these roadways by the City or its employees and invitees is of no present consequence for valuation purposes . It is correctly treated as Residential B for zoning and development purposes. As such from a legal standpoint the appraisal assumptions used to determine values are appropriate . a