LAND OFFERING Robinson Road Bennett Road McDermott Road 393.25 +/- acres 6663 McDermott Road Canyon County, Idaho 83634 FOR ADDITIONAL INFORMATION, PLEASE CONTACT: Ryan Cantlon Office 208.343.9300 Cell 208.867.3751 Email ryan@icbre.com
CONFIDENTIALITY AGREEMENT SIGN AND RETURN THIS DOCUMENT TO: Idaho Commercial Brokerage, 121 N. 9th Street, Suite 402, Boise, ID 83702, c/o Ryan Cantlon Office: (208) 343-9000 Cell: (208) 867-3751 Fax: (208) 426-0456 Email: ryan@icbre.com This confidentiality agreement ( Agreement ) is made in connection to the offering of approximately 393.25 acres commonly known as Canyon County parcel numbers R290680000, R290720000, & R290430100, with a general address of 6663 McDermott Road, Canyon County, ID 83634 ( Property ) which is listed for sale by Idaho Commercial Brokerage, LLC ( Agent ). The undersigned has requested copies of the land offering package and further information pertaining to the Property. Such land offering package, together with any other documents or information provided to the undersigned by Agent regarding the Property shall be referred to collectively as the Information. In consideration of the foregoing and other good and valuable consideration, the undersigned hereby agrees that it will keep the Information confidential, and will not disclose the Information to any Person or entity except for reasonably necessary disclosures to attorneys, accountants, partners, and other consultants of the undersigned. The undersigned further agrees to promptly return all original copies of the documents included in the Information received by the undersigned, and all photocopies of such documents made by the undersigned and its attorneys, accountants, partners and other consultants, to Agent if requested to do so in writing by Agent. The undersigned hereby indemnifies and holds harmless the property owner and Agent from any damage, loss, liability or expense, including attorney s fees, arising out of any breach of any of the terms of this Agreement. The undersigned certifies that all information relative to this offering will not be disseminated to or used by any principals or parties other than those stated hereunder. If the undersigned will be working with a real estate company other than Agent ( Co-Broker ) the undersigned will disclose the Co-Broker below. Furthermore, the undersigned and potential Co- Broker understand that Co-Broker (a) must have a separate written compensation agreement between Agent and Co-Broker; and (b) Co-Broker will not seek any commission or any other payment whatsoever from the property owner in connection with the sale of the Property. POTENTIAL PURCHASER: CO-BROKER (IF APPLICABLE) By: By: Print Name: Print Name: Company: Company: Date: Date: 2
EXECUTIVE SUMMARY Asking Price Gross Acres Irrigated Acres Title: Parcel Numbers $3,342,025 ($8,500 per acre) 393.25 (per County records) Estimated at 364.46 acres Buyer will receive a sheriff s certificate at closing R2906800000 (161.95 acres) R2907200000 (159.004 acres) R2904301000 (72.296 acres) Address 6663 McDermott Road, Canyon County, ID 83634 Current Zoning AG (Agricultural) 2016 Estimated Property Tax R2906800000 $5,529.36 R2907200000 $3,970.98 R2904301000 $1,785.39 Total: $11,285.73 Water Rights There are four privately-held water rights associated with the property. Two rights are for domestic use. Two private water rights are for irrigation of 289 acres using ground water pumped from on-site wells. Boise-Kuna Irrigation District delivers irrigation water from the Boise River to the property. Annual assessments authorize irrigation of 378 acres. Farming Operation There is currently a tenant farmer on the property. Structures on Property One house consisting of 2,203 SF, built in 1947 per county records. Located on parcel R2906800000. Improvement value is assessed at $71,800. The house currently has a tenant. Contact listing agent for additional information. 3
PARCEL MAP Robinson Road Bennett Road McDermott Road R2904301000 72.96 acres R2907200000 159.004 acres R2906800000 161.98 acres 4
PRIVATELY-OWNED WATER RIGHTS The review of water right records maintained by IDWR indicates there are two water rights which authorize irrigation use of groundwater from wells on the two parcels south of East Bennett Road. No privately-owned water rights were found on the parcel north of East Bennett Road. Two additional privately-owned water rights authorize domestic and/or stockwater uses from a well located on the east side of APN R2906800000. The water rights are summarized in Table 1. The location of each water right is shown in Figure 2. The water rights for irrigation shown in Table 1 authorize a total irrigated area of 289 acres within the 320.954-acre area south of East Bennett Road. Two wells are authorized for irrigation use in the southwest corner of APN R2907200000. Instantaneous diversion rate from the wells is limited to a maximum of 5.78 cubic feet per second (cfs) (approximately 2,594 gpm), and annual volume is limited to 1,300.5 acre-feet (ac-ft). The irrigation water rights could thus provide 4.5 ac-ft per acre (1,300.5 ac-ft/289 acres), which is considered a full supply of irrigation water in southwest Idaho and would be sufficient for most agricultural crops commonly cultivated in the area. A decree in the Snake River Basin Adjudication has been issued for each irrigation water right an no further action is required at this time. Table 1 Water Right No. Priority Date Water Use Authorized Diversion Rate (cfs) Authorized Annual Volume (ac-ft) Irrigated Water (acres) 63-8793 9/12/1977 irrigation 2.88 648.0 289.0 63-8904 5/31/1977 irrigation 2.90 652.5 289.0 Total for Irrigation Use 5.78 1,300.5 289.0 63-21184 12/31/1945 domestic stockwater 0.02 0.03 63-21185 9/30/1945 domestic 0.02 Water Right Status/Date Decree 4-3-2009 Decree 4-3-2009 Decree 3-24-2000 Decree 3-24-2000 The domestic water rights listed in Table 1 are for single-family homes (a total of two homes, with up to 1/2-acre irrigation authorized per home). A decree in the Snake River Basin Adjudication has been issued for each domestic water right and no further action is required at this time. Each decree includes the following standard conditions: 1. The quantity of water under this right shall not exceed 13,000 gallons per day. 2. The quantity of water decreed for this water right is not a determination of historical beneficial use. The most common interpretation of this language is that 13,000 gallons per day is the maximum volume that could be diverted under the individual right, but each right is limited to the actual volume historically diverted and used. Figure 2 Source: SPF Water Engineering 5
BOISE-KUNA IRRIGATION DISTRICT DELIVERY Boise-Kuna Irrigation District (BKID) provides irrigation water to the Property and authorizes irrigation of 378.09 acres within the 393.209-acre boundaries of the three property parcels. (See Table 2, Boise-Kuna Irrigation District Assessments). In a normal water year, BKID delivers water from the Boise River at a standard rate of up to 3.75 acre-feet per acre (the standard assessment). An additional allotment may be available each year based on the remaining storage in the system. An additional fee is charged for volumes delivered in excess of the standard assessment. Table 2 Parcel No. Account No. Parcel Size (acres) Assessed Area (acres) R2904301000 BK432 72.255 68.28 R2906800000 BK445 161.950 156.97 R2907200000 BK446 159.004 152.84 Total 393.209 378.09 Source: SPF Water Engineering 6
AERIAL MAP Lake Lowell Nampa Deer Flat Rd Southside Blvd Happy Valley Rd Robinson Rd Kuna Rd McDermott Rd Black Cat Rd Kuna Bennett Rd 27
VALLEY PROXIMITY MAP Meridian Boise Nampa Lake Lowell Kuna SITE 28
TWO LARGE PARCEL PROPERTY PHOTOS View to the South View to the Southwest View to the West 9
SMALL PARCEL PROPERTY PHOTOS View to the North View to the South View to the Southwest 10