Lots of discussions are needed for the 70 acre Horton land purchase investigation. Lets throw around some thoughts in this discussion
Here is this initial email from Pat:
Since our BOD’s meeting on Thursday, I have been in contact with Gary Maggi, our realtor, regarding the purchase of the property to our immediate North boundary. As we agreed upon during the meeting, my intent was to tell him that we were not interested in buying the whole package, but before I could do that, he informed me that someone had already made an offer to the Hortons to buy the parcels to the West of Camfield. That’s good for us as they are obviously not concerned with selling to one buyer now. I asked Gary to provide “comp” information as soon as possible as to what he thought the market price would be for the property in question. His response is below. I think we need to make this a priority for our budget meeting assuming they do not push us for an answer before that. I’m waiting for a response from Gary to my email below.
Regards,
Pat
and Gary’s response:
Hi Pat,
Here’s what I found in the way of comparable sales (click the link below). I did confirm with Holly that they got their asking price for the parcels west of Camfield. The sales I’ve identified here are in the general vicinity, but I had to look to the north up around Nunn and Pierce as well. Fun fact: a 2.3 acre lot in Camfield just sold in July for $129,000! The sales included here range from $3,000-$5,000 per acre.
Based on their recent pending sale of the properties west of Camfield, the Hortons expect to get $4,000 per acre for the south parcel. Holly says that they plan to list both the north and south parcel in March if you guys don’t come to an agreement.
I think that your offer needs to be at least $300,000 for the south parcel, which equates to +/- $3,800 per acre. Let me know your thoughts.
I am in agreement of placing a bid that makes good business sense. Along with the points Jan made, we provide a unique opportunity for all programs outside of the general membership by offering a little more of a flexible schedule than the public ranges. I feel we don’t have as much of a scheduling conflict and are able to accommodate more effectively. Going forward with this would be most appropriate in the continued effort to maintain these opportunities for a few more generations.
As a member of WCFW I feel it is imperative that we as WCFW members do what it takes to protect our range as a continued wildlife preserve and conservation, education and promotion of shooting sports. Our organization has been actively aware of the area growth and need to protect the range boundaries for several years and this opportunity will not happen ever again. We must and need to take necessary steps to protect and expand any and all boundaries as we can. The Horton/Schuester’s are interested/willing to accept payments – which is a great benefit to the range.
I am for the purchase of this 79 – 80 acres.
If the BODs decide to go forward with making an offer, the particulars of that offer and it’s financing will be discussed as the first order of business for the budget meeting on October 12th. So far, I see that most Board members agree we need to protect our survival by obtaining the 80 acres to our north. I would agree! That being said, and if we decide to go forward with procurement, we need to make an offer as soon as possible after the Budget Committee meeting.
An email comment from Jim Stevenson and very well said:
As the state continues to grow the land will disappear and eventually consume the range once people complain. The purchase of the land will hopefully add years if not a few decades before we have to fight the battle. If we don’t purchase it. A developer will have homes in there in a few years and then the complaints will begin. I think purchasing it now is really a must for the long term survival of the range.
Well if we purchase the 70+ acres that will provide a buffer and some insurance against those that would try to destroy us, although no guarantees. If we don’t purchase it there is a very high probability that we will end up with houses adjacent to our sporting clays course which will put the clubs future in jeopardy.
I think we have no choice but to purchase the land although we should avoid going into debt if at all possible.
That’s a sizeable amount of money, but it’s likely worth it, to insulate the range from being developed right against the current north fence.
1. Did we have an amount we were expecting to pay per acre?
2. Would this be financed at the current interest rates or paid in full or some combination?
3. A little early, but has there been any discussion for development of this parcel?
I am for the purchase of this parcel.