Skyline ranch road brochure

NW BEND DEVELOPMENT OPPORTUNITY

NW BEND LAND NW Bend development opportunity.

Property is 73 acres in the Bend UGB. Possibility of 200 single family residences with the updated City Master Plan Code-Buyer is responsible for due diligence and requirements with city. Seller Representative must accompany Buyers to all inquires with City.

Property has varied topography, pine trees and is bordered by good neighborhoods. Utilities and Septic Easements are to property lines. This property has the potential to be the next great westside community!

TL 200-300 SKYLINE RANCH,BEND, OR 97703 $18,000,000.

Price $14,500,000.

Property Features 73 acres zone for SM/UA Overlay Tax Map 17112500 00200 & 00300 Potiential 200 single family residiences Utilitys and Septic Easements to property line All Buyers/Agents must sign in at office for appt.

Pam Mayo-Phillips, Principal Broker 541-480-1513 pam.mayo-phillips@sothebysrealty. com www.desertvalleygroup.com

Brook Havens, Principal Broker C: 541-604-0788 brook.havens@sothebysrealty.com www.cascadesothbysrealty.com

Cascade Sotheby’s International Realty 650 SW Bond Street Bend, OR 97702

Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Sotheby’s International Realty Affiliates LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each Office Is Independently Owned And Operated. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully.

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This map was derived from data provided by Deschutes County. AmeriTitle has provided this information as a courtesy and assumes no liability for errors, omissions, or positional accuracy in the data, and does not warranty the fitness of this product for any particular purpose.

4/24/2018

www.amerititle.com Copyright © 2018 by AmeriTitle. All Rights Reserved. Printed in the USA.

NW CHARDONNAY LN

NW WINDHAM LOOP Skyline Ranch Rd 18x24v.mxd

Shevlin Coats Community - Conceptual Master Plan

MASTER PLAN TOTAL AREA:

±74 ACRES

EXISTING UGB AREA UGB EXPANSION AREA:

± 5.4 ACRES ± 68.6 ACRES

LAND USES SUMMARY RESIDENTIAL USES: SINGLE FAMILY DETACHED SINGLE FAMILY ATTACHED MULTI-FAMILY ATTACHED

223 TOTAL UNITS/LOTS 158 LOTS (71%) 20 UNITS (9%) 45 UNITS (20%)

EMPLOYMENT LAND: ± 8.0 ACRES BUILDING FLOOR AREA (BFA) ±120,000 SF OFF STREET PARKING ± 370 SPACES PARKING RATIO = 1 SPACE PER 325 SF BFA OPEN SPACE:

± 7.4 ACRES (10% OF TOTAL AREA) NEIGHBORHOOD PARK ± 2.0 ACRES NATURAL OPEN SPACE ± 3.1 ACRES COMMON AREAS ± 2.3 ACRES

MULTI-MODAL TRANSPORTATION SUMMARY PAVED ROADS CONCRETE WALKWAYS STRIPED BIKE LANES SOFT SURFACE TRAILS

± 2.9 MILES ± 5.7 MILES ± 2,900 LF ± 2,300 LF

TRANSECT NORTH PROPERTY 378 - ACRES +/-

For Sale: 73 acres Skyline Ranch Rd

TRANSECT SOUTH PROPERTY 307 - ACRES +/-

549 SW MILL VIEW WAY SUITE 105 BEND, OREGON 97702 (541) 633-3140 www.beconeng.com

FOR: DESCHUTES COUNTY

TRANSECT AREA T.17S & T18S. R11.E. W.M. DESCHUTES COUNTY, OREGON SHEET 1 OF 1

CITY COUNCIL || Negotiations Pave Way for First UGB Expansion Area Development City Council Recap, October 3 Courtesy: Tor Hanson, Bend Chamber Special Projects Reporter

City officials and four developers on Bend’s Westside have successfully negotiated a development agreement for the planning and development of the first expansion properties in the new UGB (Urban Growth Boundary). After a year-and-a-half of discussions; Northwest Crossing (NWX2, Brooks Resources), CCCC LLC (Coats Property), Rio Lobo Investments, and Anderson Ranch Holding Company have agreed to pay for several infrastructure improvements on Bend’s Westside to be able to build more than 1,000 homes on 383 acres.

The agreement lines up with Council Goal #1, which states “Implement a growth plan that is consistent with community goals for the economy, environment and affordability.” The subgoal is to prioritize planning and infrastructure investments in the “expansion” and “opportunity” areas.

Russ Grayson told the council, “We filled the board room for a year-and-a-half having these discussions.”

Comparing the UGB process to flying an airplane, Grayson told the councilors the city has been cruising at 30,000 feet, working on the comprehensive plan. Focusing in on a specific expansion area in town, the plane is now moving down to the 15,000 foot level. Eventually the process will move into master plan for the expansion area (5,000-10,000 feet), and finally landing the airplane, and start building homes on the ground.

“We’re in the second step of the process and culminating this work with a development agreement.”

“The contract sets everything in stone regarding what the developer needs to do,” said Grayson.

“It is a package deal.”

The contract sets forth required infrastructure construction upgrades on the developers’ part.

The contract also locks down what the city can ask for from the developers. Everything is laid out in the contract. Once the contract is approved, the city cannot add additional commitments from the developer group regarding transportation, water, and sewer.

Properties included in the agreement are located both inside and outside of the UGB. All of the properties within the UGB are defined in the city of Bend’s comprehensive plan in regards to what can be built on the individual parcels of land – single-family or multi-family residences.

There is also a separate development application currently moving through the county’s decision process for the property that falls outside of the current UGB – the so-called Transect Development. As a part of that discussion, the city has agreed to a binding agreement with the two property owners (CCCC LLC – Coats Property and Rio Lobo Investments) when it comes to infrastructure impact taking place within the city limits. However, the discussions do not bind the city to land-use requirements.

The UGB expansion area consists of 383 acres of land set aside for residential development as well as 29 acres of employment land. An additional 5.4 acres are already located within the city limits. According to the comprehensive plan, the developers are set to build more than 1,000 single- and family-units, including affordable housing units. The plan also includes a future elementary school.

The two properties that are currently a part of the county (Transect Development) are slated for an additional 187 residential lots, adding more than 1,100 housing units on Bend’s Westside.

The current UGB plan was approved by the state in late 2016 and includes 2,380 acres that will eventually be annexed into the city. It is the first major development of the many expansion areas.

According to Grayson, the four different developers approached the city in early 2017 as individual units, an approach that would see city staff work on four different mitigation studies concurrently.

“We wanted to look at this [project] as one large development and cumulative impacts, figure out what the required mitigation was and the improvements, and then figure out how it would be built,” according to Grayson.

A feat according to Kirk Schuyler, President of Brooks Resources Corporation who summarized the outcoming of the negotiations saying, “You know when you got it right when no one feels they didn’t get their share or paid too much.”

The main part of the agreement between the city and the four developers focuses on transportation improvements on Bend’s Westside. According to the agreement, the four developers acting under the un-official name of Westside Infrastructure Group (WIG), will provide infrastructure on Bend’s Westside.

A total of 13 intersections were analyzed with eight of those identified as having “Significant Impact.” To solve the added traffic stemming from the new housing units, the developers have agreed to build two new roundabouts (Skyline Ranch Road & Skyliners Road plus Skyline Ranch Road & Shevlin Park Road). In addition, the developer will pay to push Skyline Ranch Road all the way from Shevlin Park through Skyliners.

The total cost for the road improvements are estimated at $1.4 million, which will be shared amongst the developers. Some of that money is already flowing to phase 3 of the 14th Street improvement project, which in itself is not a part of the traffic mitigation, but will help move traffic on Bend’s Westside.

Reminiscent of the Westside Consortium infrastructure improvement project in the early 2000’s, that saw 10 private developers pitch in for the construction of several roundabouts on Bend’s Westside and the Bill Healey Bridge, the four developers again decided to approach the city as one unit instead of “racing to the planning desk.”

However, there is a major difference between the agreement negotiated between the Westside Consortium and the city 18 years ago and the WIG development agreement. That time, developers were paid back for infrastructure upgrades via SDC-credits (System Development Charges). This time, the developers will not receive any credits for the transportation part of the agreement.

“This is a model that we will be using with growth management when we start looking at other expansion areas,” said Grayson. The model will allow the developers to expedite future Land Use submittals.

The project also includes upgrading the existing sewer and water systems in the area. However, most of these projects will receive SDC credits, which will come into play as the developers start building the housing units.

The credits are estimated to come in around $6.4 million, but as the developers start to build out their properties, the projects will generate an estimated $23 million in SDCs during the life of the construction projects (approx. 15 years).

According to Schuler, the first houses will be built in 2020.

“Almost four years after [the city] expanded the UGB, the first house will be there,” said Schuyler.

Vote: Unanimous – 6 in favor, none against. Boddie absent.

15 Oregon Ave., Bend, OR 97703 PHONE (541)389-7711 FAX (541)389-0506

STATUS OF RECORD TITLE September 5, 2017 Title Number: 168822AM Title Officer: Roger Shulsen Fee: $200.00 Report No. 2 We have searched the status of record title as to the following described property: See attached Exhibit 'A' Vestee: CCCC LLC, an Oregon Limited Liability Company and dated as of August 21, 2017 at 7:30 a.m.

Said property is subject to the following on records matters: Tax Information: Taxes assessed under Code No. 1016 Account No. 117428 Map No. 17112500 00200 NOTE: The 2016-2017 Taxes: $848.40, are Paid (Includes $77.64 Fire Patrol) Taxes assessed under Code No. 1016 Account No. 117427 Map No. 17112500 00300 NOTE: The 2016-2017 Taxes: $12,876.42, are Paid (Includes $113.36 Fire Patrol) Taxes assessed under Code No. 1001 Account No. 162632 Map No. 17112500 00300 NOTE: The 2016-2017 Taxes: $192.63, are Paid 1. The 2017-2018 Taxes: A lien not yet due or payable.

2. City liens, if any, of the City of Bend.

3. An easement including the terms and provisions thereof, affecting the portion of said premises and for the purposes stated therein as set forth in instrument: Granted To: Pacific Power & Light Company, a Corporation Recorded: August 13, 1953 Instrument No.: 104-556 4. Easement, including the terms and provisions thereof, Recorded: April 12, 1961 Instrument No.: 127-357

Order No. 168822AM Page 2

5. Easement Deed, including the terms and provisions thereof, Recorded: May 20, 1964 Instrument No.: 139-228 6. An easement including the terms and provisions thereof, affecting the portion of said premises and for the purposes stated therein as set forth in instrument: Granted To: PacifiCorp, a Corporation, dba Pacific Power & Light Company, its successors and assigns Recorded: January 2, 1991 Instrument No.: 226-0308 7. Easement, as disclosed in document, Recorded: December 15, 1976 Instrument No.: 242-398 and in document Recorded: December 15, 1976 Instrument No.: (instrument) 242-399 8. An easement including the terms and provisions thereof, affecting the portion of said premises and for the purposes stated therein as set forth in instrument: Granted To: Quantum Communications, LLC Recorded: December 30, 2013 Instrument No.: 2013-52193 9. Road Easement Agreement, including the terms and provisions thereof, Dated: June 23, 2017 Recorded: July 3, 2017 Instrument No.: 2017-25939 Between: ERMK LLC, an Oregon limited liability company and CCCC LLC, an Oregon limited liability company And: David E. Weber and Rebecca S. Weber 10. Rights of tenants under existing leases or tenancies.

11. The Company will require a copy the Operating Agreement (including any approvals of withdrawal of member(s) or acceptance of new member(s)) and the Articles of Organization of CCCC LLC for its examination prior to closing. Any conveyance or encumbrance of the Limited Liability Company's property must be executed by all of the members unless otherwise provided for in the Operating Agreement.

The Company reserves the right to add additional items or make further requirements after review of the requested documentation.

NOTE: As of the date hereof, there are no matters against the party(ies) shown below which would appear as exceptions to coverage in a title insurance product: Parties: CCCC LLC NOTE: Any map or sketch enclosed as an attachment herewith is furnished for information purposes only to assist in property location with reference to streets and other parcels. No representation is made as to accuracy and the company assumes no liability for any loss occurring by reason of reliance thereon.

Order No. 168822AM Page 3

THIS IS NOT A TITLE REPORT, A COMMITMENT TO ISSUE TITLE INSURANCE OR A GUARANTEE OF ANY KIND. No liability is assumed with this report. The fee charged for this service does not include supplemental reports or other services. Further dissemination of the information in this report in a form purporting to insure title to the herein described land is prohibited by law.

"Superior Service with Commitment and Respect for Customers and Employees"

Order No. 168822AM Page 4

EXHIBIT ‘A’ File No. 168822AM

PARCEL 1: NW1/4 NW1/4 of Section 25, T17S, R11E of the Willamette Meridian, Deschutes County, Oregon.

PARCEL 2: SW1/4 NW1/4 of Section 25, T17S, R11E of the Willamette Meridian, Deschutes County, Oregon except that portion lying south and west of Shevlin Park Road.

DocuSign Envelope ID: 212356E1-0E54-434B-8882-CF08BB070A9E

TL 200&300 Skyline Ranch Rd, Bend, OR 97703

X X X

X X X X

X X Current Zoning Surface Mining, Urban Area Reserve Industrial X X X

X X X X X X X

This form has been licensed for use solely by Brook Havens pursuant to a Forms License Agreement with Oregon Real Estate Forms, LLC.

Cascade Sothebys International Realty, 650 SW Bond St Suite 100 Bend, OR 97702 Brook Havens

5416040788

541639-4008

Skyline Ranch Road -

DocuSign Envelope ID: 212356E1-0E54-434B-8882-CF08BB070A9E

TL 200&300 Skyline Ranch Rd, Bend, OR 97703

X X X office, ready mix office and shop - All sold As-IS X Precast Block Building Roof Leaks- Sold As-Is X

X

X X

X X X X X X 572

X

120

X

X X 8000 1973

X

Thompson Pump Thompson Pump X X

X

X

X Umpqua

X

This form has been licensed for use solely by Brook Havens pursuant to a Forms License Agreement with Oregon Real Estate Forms, LLC.

Skyline Ranch

DocuSign Envelope ID: 212356E1-0E54-434B-8882-CF08BB070A9E

TL 200&300 Skyline Ranch Rd, Bend, OR 97703

X X X X X X X X X

X To Property Line and/or easement to access X X X X 3 unpermitted systems

X X

X

X X

X

X

This form has been licensed for use solely by Brook Havens pursuant to a Forms License Agreement with Oregon Real Estate Forms, LLC.

Skyline Ranch

DocuSign Envelope ID: 212356E1-0E54-434B-8882-CF08BB070A9E

TL 200&300 Skyline Ranch Rd, Bend, OR 97703

X X

X

SORT Report attached with easements.

Line 31-33 Seller reserves Easement to ensure perpetual mining access to adjacent lands to the north, to be negotiated prior to close of escrow.

Line 37-38 3 Unpermitted Septic Tanks and Drainfields - Sold As-Is. Above Ground Fuel Tanks and Heating Oil Tanks to be removed by Seller.

CCCC LLC

This form has been licensed for use solely by Brook Havens pursuant to a Forms License Agreement with Oregon Real Estate Forms, LLC.

Skyline Ranch

DocuSign Envelope ID: 212356E1-0E54-434B-8882-CF08BB070A9E

TL 200&300 Skyline Ranch Rd, Bend, OR 97703

Buyer responsible for due diligence with City on Master Plan Code, Potential UA zone, Annexation and Development potential. All Buyer communications with City will include Seller or Seller’s representatives and Confidentiality Agreement applies to prevent disclosure of Seller’s proprietary information.

CCCC LLC This form has been licensed for use solely by Brook Havens pursuant to a Forms License Agreement with Oregon Real Estate Forms, LLC.

1 Cascade Sothebys International Realty, 650 SW Bond St Suite 100 Bend, OR 97702 Brook Havens

5416040788

541639-4008

1 Skyline Ranch Road -