Also, I obviously jumped the gun on falsely accusing the Curator, of censoring my posts. Please understand my impatience, as my first entry was posted almost immediately. Whereas subsequent posts were delayed for multiple days, leading me to believe that for some reason my postings had been objectionable to someone. My apologies for this impatience.

EDITOR NOTE– Myapologies for the delays. I am in Tahiti and the wifi is cumbersome. I also am unable to get several items posted, but will try to get them on the site soon.

It is a pleasure to exchange thoughts in civil discourse. Thank you.

There may be harsh and angry feeling to start with, but it seems level heads could prevail. The key is that the State is out of the process, and gets to simply sell the lot for full market value.

Unfortunately , the curator does not want you to understand the facts of this matter. Please contact the Guardian for details.

Ironic that as a “differentiated ” vehicle – they behave remarkably like the SR and Statesman…… i.e. FULLY CAPTURED .

Peace

The curator does not seem to like my replies , but has not told me why …… Somehow doubt they will like this table either .

These 13 lots are ALL. IDL Payette Waterfront lots and all were unleased at end of 2012 …..the final number is the IDL supplied 2013 appraisal value, so to calculate an annual lease value multiply by 4%. They all average out at over $1,000,000 per lot.

Count Address # Street Name LEASE # Existing Lot # Prelim Subdivision (as appraised) 2013 assessed Value
1 3580 Warren Wagon RD 5003 D Point of Rocks 1157870
2 2140 Payette DR 5010 37 Pinecrest 1076650
3 2238 Payette DR 5012 53 Cedar Knolls 1293750
4 1047 Plymouth RD 5014 10 B1 Pilgrim Cove A 588010
5 2016 Payette DR 5016 18 Pinecrest 1184790
6 2152 Payette DR 5025 38 Pinecrest 1068670
7 2043 HoneySuckle Way 5029 17 B1 Pilgrim Cove A 761380
8 2210 Payette DR 5045 46 Pinecrest 1318340
9 2107 Water Lily LN 5049 38 B1 Pilgrim Cove A 1127820
10 2097 John Alden RD 5060 33 B1 Pilgrim Cove A 747340
11 1952 Warren Wagon RD 5069 8 Pinecrest 1293270
12 980 Syringa Way 5074 15 Pinecrest 780760
13 2093 John Alden RD 5015 31 B1 Pilgrim Cove A 894830

TOTAL 13293480

Point of clarification.

I believe the state may of helped facilitate but did not pay for improvements. The State did manage a community water system in Pilgrim Cove, but all monies paid by owners and lessees was held in a separate fund. This has long been abandoned, since most cabins have gone to wells.
http://www.idl.idaho.gov/LandBoard/minutes/2008/may15_08finmin.pdf

The sewer system was started by the homeowners around Payette Lake and the state help with initial funding which was all paid back via the users.

We are NOT far off, but still I fear somewhat at cross purposes.

Your first point might be only a matter of semantics, very few people can afford a Bugatti automobile ,(small pool ) that does not mean it SHOULD be discounted so MORE can afford it. Recall that when our hapless John Doe, decided to build his $2 million dollar house , which he can now enjoy year round , with room for his family and maybe some friends, on a leased lot, the state encouraged him , mightily, through the right of continuation , which Wasden’s Law struck down. So, there is that issue to absorb. Bit of a bait and switch , you might say. Plus, John pays property taxes on whatever Ada County tells him it has for value.

There ARE at LEAST a dozen , I have a
List I reverse engineered myself, of waterfront lots sitting empty at Payette. Some $15 million of value , if you believe the IDL’s numbers , drawing NO income. I am happy to provide the list to you for review. i believe there are actually 15 but it is difficult to prove as IDL , for obvious reasons wants to hide this inventory.

The abandoned “upland” lots you correctly reference are meaningless in the grand scheme of things , at 50 grand each , it takes 20 of them to equal 1 waterfront lot. There are 100 of them valued at 4.7 million. But , I do agree that
EVEN some of these $1,800 per year , to lease, lots have been abandoned.

Finally, do you think that IDL allows the property OWNER any say whatsoever in the selection of the appraiser ? NOT on your life. IDL chooses the appraiser – NOT the lessee. Since the IDL selects the appraiser and gives them the USPAP instructions HOW does the improvement owner magically get the value of his improvements jacked up ?? Quite the opposite is actually what happens again and again.

Your last paragraph shows how close we actually are to being in agreement …… YES please take ALL of the 12 lots on the waterfront out of mothballs , and auction them off , the state has destroyed the former cabins , so there is nothing there. Prior to this recent December auction, The last time they did this there were no bids that hit their $1 million minimum…. So they cancelled the auction. Eventually, they came back and did a REAL auction , NO minimum , and that lot ultimately sold for about $500,000,
I believe it was around $ 4,800 per FF.

So, there we are , in agreement , the state wants out , the AUCTION is a fair method , but before you go off stealing value from some innocent guy who had nothing but the purest intentions , why not see what the “market” tells us about the value of the 12 ALREADY vacant lots ?

Now, you and I have to agree on a price of the building. You have an incentive to have an outrageous high price. There is nothing that holds you to agree to a reasonable sale price to me. So you hold out. At some point I say, “okay how about if I sell you my land?” — at a premium profit for me, but still a huge discount to what you have had to pay to get lot and building.

Denying use of property to someone??? That level of “motivation” borders on duress and both those points likely have problems in court.