Almanor Lakeside Ranch

ALMANOR

lakeside RANCH

Tiffany Ahrens

Jay Sabelman

Billy Taylor

775 848 0574 tahrens@chaseinternational.com CA #02162687

530 596 3303 jsabelman@chaseinternational.com CA #01315308

530 258 9168 btaylor@chaseinternational.com CA #01237446

_

_

_

ALMANOR

lakeside RANCH

Almanor Lakeside Ranch is a proposed mixed-use project located on approximately 1,397 acres on the Lake Almanor Peninsula. The project has been approved for 1,674 residential units, 100K sqft. of commercial space, a 150-room hotel, and an 18-hole golf course. This property is uniquely defined by its over 1.25 miles of lake frontage, making it perhaps the most significant remaining lakefront development in Northern California.

1,397 ACRES ON LAKE ALMANOR PENINSULA

|

1.25 MILES OF LAKEFRONT

|

$24,000,000

APPROVED FOR

1,674 RESIDENTIAL UNITS

18-HOLE GOLF COURSE

150-ROOM HOTEL

100K SQFT. OF COMMERCIAL SPACE

ALMANOR

lakeside RANCH

ICONIC NORTHERN CALIFORNIA VIEWS

Almanor Lakeside Ranch features some of the most spectacular views in Northern California. Forested cliffs rising above Lake Almanor offer panoramic views of the lake and Mount Lassen. Traveling inland, the property offers a wide variety of terrains and vistas, as well as creek access.

As a result of the natural terrain and the path of Bailey Creek, the site is physically divided into a northern and southern components.

The northern property abuts State Highway 36, and the southern property abuts the developed Lake Almanor County Club.

ALMANOR

lakeside RANCH

ICONIC NORTHERN CALIFORNIA VIEWS

ONE OF THE GOLDEN STATE’S BEST-KEPT SECRETS Lake Almanor is a legendary Northern California location with endless year-round recreational uses, including water skiing, swimming, biking, hiking, etc. In many respects, the area resembles Lake Tahoe fifty years ago. The drive from Sacramento takes about 3 hours, San Francisco Bay Area takes about 4.5 hours and Reno about 2 hours and 15 minutes.

ICONIC NORTHERN CALIFORNIA VIEWS Rogers Field Airport

Project Site (Approximate)

A SHORT FLIGHT FROM SAN FRANCISCO Lake Almanor is a short flight from the San Francisco Bay Area. The Rogers Field Airport in Chester, CA, is a eight-mile drive away. Its 5,000 foot runway accommodates most private jet aircraft.

ALMANOR

lakeside RANCH

LEGENDARY LAKE ACCESS Lake Almanor offers some of the finest water sports options in California. With 72-degree surface temperatures in the summer and over 52 miles of shoreline, there is plenty of room to enjoy wake surfing, water skiing, wakeboarding, fishing, and sailing.

Almanor Lakeside Ranch is just a two-minute car ride to the largest marina area in the Almanor Basin. Knotty Pine Resort and Big Cove Resort combine to make up over 300 leased annual boat slips, and each of the resorts has day-use boat launching available for a fee. These two resorts offer full-service gas stations on the water, various boat and personal watercraft rentals, and a small general store for convenience items.

Knotty Pine Resort also operates a valet boat launching service provided through Almanor Dry Dock. This service combines convenient storage along with a hands-off approach to launching. Simply call the valet launching line, and request that your boat be placed into a courtesy slip in the lake until you arrive. Once you have had some fun, call to have it pulled out of the water and stored in a covered off-site storage area.

There are several sites within the LFWR development to increase boat storage facilities or general storage units. A similar custom boat launching service would be easy to implement given the close proximity to these two large marinas. There are many options to access the lake, and the convenience of these two neighboring marinas creates a no-hassle approach to boating!

ALMANOR

lakeside RANCH

LAND USE OPTIONS ABOUND

Almanor Lakeside Ranch is an opportunity can pick and choose from a multiple of land use options. There are currently 18 APN#’s for the project, allowing flexibility to develop a wide array of mixed-use products.

There is currently strong demand for premium lake view homes, boat and R.V. storage, hotel lodging, work force housing, and recreational facilities. A timber harvest contract has also been entered, offering a solid supplement for future cash flows.

ALMANOR

lakeside RANCH

TIMBER HARVEST A timber harvest contract with Collins Pine is expected to net up to $2,000,000. Future sustainable harvests can be conducted approximately every 10 years.

PREMIUM LAKE VIEW HOMES

LAND USE OPTIONS ALMANOR

lakeside RANCH

Lake Almanor is experiencing historically low inventory in all phases of residential properties. This makes the 44 front-row lakeview homesites quite attractive (see tentative map). With similarly situated 2,500 sqft. homes fetching $1.2 - $1.3 Million, such a development should be able to generate north of $10 Million. This also does not take into consideration the additional premium homes that can be built by expanding on this same infrastructure (see map).

RECREATIONAL VEHICLE/BOAT STORAGE There is an incredible lack of storage opportunities for motorhomes, R.V.’s, boats and snowmobiles in the Almanor Basin, and most specifically, the Lake Almanor Peninsula. A nearby facility is evaluated at approximately $3.2M based upon occupancy and rent rolls. Locating a 100,000 sqft. facility on this property would be well worth investigating. The location would have close proximity to water access. The estimated cost to build such a facility is approximately $120 - $150 per sqft.

HOTEL AND SPA A 14-acre site has been approved for 150 room Hotel/Spa. The demand for high­end lodging is extreme, with nightly rates reaching $400/room.

Making this opportunity even more interesting is that the Plumas County General Plan greatly restricts the possibilities for meeting this demand.

Such a hotel could be tied in with the approved 258-acre golf course or a “Glamping” compound.

GLAMPING - R.V. PARK, CAMPGROUND, TENT SITES OR A BOUTIQUE HOTEL

LAND USE OPTIONS ALMANOR

lakeside RANCH

The north end of the development is ideal for an expansive project featuring the above possibilities. The pandemic driven, outdoor recreational adventure, is a hot opportunity in today’s development world. The Lake Almanor area has witnessed nearly100% occupancy for campgrounds and R.V. parks. A development similar to the Costonoa Lodge and Resort in Pescadero California appears ideal. On site hiking, mountain biking, pickleball, children’s activities, equestrian facilities and mixed­use lodging would be a welcome addition to the area.

WORKFORCE HOUSING In March of 2022, the South Lake Tahoe region received a $19.6mm grant from the California Department of Housing and Community Development for work force housing. The current housing scarcity in the Almanor Basin has caused a severe shortage of available opportunities for affordable housing similar to the Tahoe region. This grant funded 248- unit project in South Lake Tahoe will consist of studios all the way up to three-bedroom apartments. Average workforce monthly rents in the area range between $1,000-$1,500.

The land uses possibilities are not limited to those listed above.

For example, the property would be well suited for establishing a conservatorship for tax credits, building a family compound or creating a corporate retreat.

CURRENT LAND USE ENTITLEMENTS ALMANOR

lakeside RANCH

The following table describes the component land uses, and their maximum proposed density or intensity of development under this Planned Development Application. The design concept is to create a diversity of residential neighborhoods in terms of design, density, and affordability, to supplement the economic base for visitor-serving uses, protect the site’s unique environmental resources, and provide complimentary commercial and recreational uses. The project also proposes advanced water and wastewater treatment and recycling systems, and land has been set aside for such public facilities. A golf course will be constructed in the southern area and will be irrigated with recycled water, meeting Title 22 standards as such water becomes available.

Ten residential neighborhoods or Land Use Areas (LUA) are proposed at a maximum of 20 dwelling units per acre to less than 1 unit per acre.

The average net residential density is approximately 2.5. LUA 9, in the southern area, is shown in greater detail. A preliminary lot layout for this custom lot neighborhood is shown because it is integral with the routing of the proposed golf course.

46% of the total land area is proposed for residential uses, 48% is proposed for recreation and open space, and 6% of the site is proposed for commercial, public utility, and collector streets, as shown in the following table:

LAND USE TABLE RESIDENTIAL

Acres

Density / Intensity

DU's

LAU 1

25

8 DU'S/AC

200

LAU2

62

4 DU'S/AC

248

LAU3

37

3 DU'S/AC

111

LAU4

64

3 DU'S/AC

192

LAU5

34

2.8 DU'S/AC

95

LAU 6

43

2 DU'S/AC

86

LAU 7

5

20 DU'S/AC

100

LAU8

20

8 DU'S/AC

160

LAU9 GOLF COURSE RESIDENTIAL (LOTTED)

329

1.5 DU'S/AC

469

ESTATE LOTS ( EAST OF CLIFFORD

20

.07 DU'S/AC

13

TOTAL RESIDENTIAL

639

COMMERCIAL

9

.25 FAR

100,000 SQFT.

HOTEL / SPA

14

N.A.

150 ROOMS

GOLF COURSE

256

BAILEY CREEK OPEN SPACE DEDICATION

188

OPEN SPACE BUFFERS

222

PUBLIC UTILITY (WWTP, WATER TANKS, WELLS)

10

PUBLIC UTILITY (RECYCLE WATER PONDS)

37

COLLECTOR ROAD ROW (NORTH AREA)

22

TOTAL ACREAGE

1,397

ALMANOR

lakeside RANCH

LUA 1 | 25 ACRES | 8 UNITS/ACRE LUA 1 is located close to the intersection of SR36 and A-13 west of Bailey Creek. Average slopes are mostly 0-10% and it is within walking distance of the proposed commercial area. Patio homes, “zero lot line” detached single family homes, duplexes and or other forms of lower density attached housing are proposed up to a maximum density of 8 units/ acre. It is intended that this neighborhood, together with the adjacent LUA 7, will provide the ability to develop affordable housing to meet the increasing demand for lower cost housing in the Almanor basin.

CURRENT LAND USE ENTITLEMENTS ALMANOR

lakeside RANCH

LUA 2 | 62 ACRES | 4 UNITS/ACRE LUA 2 is located east of Bailey Creek adjacent to Highway 36 on the flattest portion of the entire site. It is proposed for higher density single family detached production or custom housing on padded lots. LUA 2 is accessed by a looping collector limited access roadway (no direct driveway access). This roadway will connect A-13 either to SR 36 at a point meeting CAL TRANS encroachment standards, or connect to the northern portion of the A-l3/SR36 intersection via the existing State Highway under crossing at Bailey Creek.

LUA 3 | 37 ACRES | 3 UNITS/ACRE LUA 3 lies adjacent to the old Collins Pine Rail line. Slopes are mild and the neighborhood is proposed for single family detached production or custom housing on padded lots.

LUA 4 | 64 ACRES | 3 UNITS/ACRE This neighborhood is very similar to LUA 3 in slope, the fact that much of the forest canopy has been previously logged, and in its proximity to the rail line. On the west side, LUA 4 is artificially constrained by the 1/4 mile buffer provided for the existing Bald Eagle nest site. This neighborhood is proposed to be developed as single family detached production or custom housing on padded lots. No portion of the residential lots will encroach upon the proposed buffer.

LUA 5 | 34 ACRES | 2.8 UNITS/ACRE This neighborhood has a west-facing aspect with slopes between 0 and 20%. It is proposed as custom or production housing but with no mass grading of lots. As a result, slightly lower densities are anticipated.

LUA 6 | 43 ACRES | 2 UNITS/ACRE

CURRENT LAND USE ENTITLEMENTS ALMANOR

lakeside RANCH

This neighborhood contains substantial lake views but is characterized by more varied terrain. It is intended as a custom lot neighborhood, without mass grading at densities not to exceed 2 units per acre. The neighborhood shares access with the proposed hotel/spa but will be internally connected to LUA 5.

LUA 7 | 5 ACRES | 20 UNITS/ACRE LUA 7 is at the entrance to the northern part of the project opposite the proposed commercial area. It is intended to be developed as multi-family housing either as apartments, condominiums, townhouses or similar high density residential uses. It is the only multi family area proposed and its terrain and location-are uniquely situated to accommodate the proposed use.

LUA 8 | 20 ACRES | 3 UNITS/ACRE LUA 8 is adjacent to Clifford Drive in the southern part of the project. It is intended to be developed with two points of access, one on Clifford Drive and one next to the proposed Club House near the main entrance to the southern development area. LUA 8 is intimately linked to the golf course with views of the entire back nine holes. Housing may be developed as condominiums, townhouses or similar attached or detached units.

Some units may be made available for limited stay occupancy by visitors or golfers.

LUA 9 | 34 ACRES | 2.8 UNITS/ACRE This neighborhood has a west-facing aspect with slopes between 0 and 20%. It is proposed as custom or production housing but with no mass grading of lots. As a result, slightly lower densities are anticipated.

ESTATE LOT AREA | 20 ACRES | .7 UNITS/ACRE

CURRENT LAND USE ENTITLEMENTS ALMANOR

lakeside RANCH

This small neighborhood is disconnected from the rest of the project and lies on the east side of Clifford Drive. It will be developed as individual custom lots averaging over 1 acre but will be served by project water and wastewater systems through utility extensions across Clifford Drive.

COMMERCIAL AREA | 9 ACRES | FLOOR AREA RATIO .25 The 9 acre commercial site provided at the entrance to the northern part of the project is adjacent to the old Collins Pine rail line and is intended to meet the need for neighborhood retail, office and visitor serving demand. Proposed uses are those provided for in the Plumas County C-3, Convenience Commercial Zone. The site is proposed to be developed in accordance with the County requirements for such use, in addition of any conditions that may be established under this Planned Development permit. Should the County or other entity develop the rail line for transit, excursion, trail or other purposes, the commercial site may be designed and developed in a manner so that any such use of the rail line shall be complemented. This may include the development of trail stops or transit stations as may planned.

BUFFERS AND OTHER OPEN SPACE USES | 410 ACRES

CURRENT LAND USE ENTITLEMENTS ALMANOR

lakeside RANCH

Substantial land is shown as open space in the site plan. This includes the Bailey Creek corridor, the entire frontage along the lake, land adjacent to the rail line and land within one quarter mile from the existing bald eagle nest site to be protected from residential or other intense human activities. The ultimate ownership and management of such open space parcels will be determined over time. Ownership and/or development rights may be conveyed to public agencies who have trustee responsibilities for certain public resources, non-profit organizations or land trusts who may accept management or ownership responsibility, or may be retained and managed as common open space by a private entity such as a homeowners association.

PUBLIC UTILITY USES Lands shown in the Site Plan for water or wastewater systems are described in more detail in the technical reports provided as separate sections of this Planned Development Application.

Project Site (Approximate)

1,397 ACRES ON LAKE ALMANOR PENINSULA I N NORT H E RN C AL I FORNI A 1.25 MILES OF LAKEFRONT $24,000,000

ALMANOR

lakeside RANCH

ALMANOR

lakeside RANCH

1,397 ACRES ON LAKE ALMANOR PENINSULA

|

1.25 MILES OF LAKEFRONT

|

$24,000,000