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State offers rural land for sale
10/06/2009
 
For immediate release                                                        09-19
 
More information:  John Lilly – 503-986-5281
                               Clara Taylor – 503-986-5276
 
 
10 parcels available in Baker, Umatilla, Union and Wallowa counties 
 
Tracts of rangeland and timberland, ranging from 40 to 155 acres, are being offered for sale on a first-come, first-served basis until Dec. 31, 2009. 
 
"This is a great opportunity to buy state land at a good price," said John Lilly, Asset Manager for the Department of State Lands (DSL), the agency offering the properties.  The relatively isolated location of the parcels makes them candidates for other agencies or nearby property owners to manage more effectively than the Salem-based agency can, he said.
 
The properties include forested and range parcels near Meacham, Baker City, Cove and La Grande.
 
The 10 parcels remain after six were sold at a public oral auction in La Grande in March.  All properties will be sold at the appraised value. 
 
DSL land assets are part of the agency's real estate portfolio managed to generate revenue for Oregon’s Common School Fund, a trust fund established at statehood to benefit schools. 
 
Twice a year, the Department of Education distributes earnings from the fund to the state's 197 K-12 public school districts.  This year, statewide distributions totaled $40.4 million.  Distributions in the four counties where the state properties are located totaled over $1.3 million.
 
"Our goal is to consolidate our land holdings and make strategic real estate investments to increase the Common School Fund," said Lilly.  "We have a responsibility to the more than half a million school-aged children in this state – and to future generations of Oregon schoolchildren – to do all we can to ensure the fund is healthy and growing." 
 
More information, including detailed descriptions of the parcels and the sale process, is available on the DSL Web site: www.oregonstatelands.us, or by calling Clara Taylor at the DSL office: 503-986-5276.
 
The State Land Board consists of Governor Theodore Kulongoski, Secretary of State Kate Brown and State Treasurer Ben Westlund.  The Department of State Lands administers diverse natural and fiscal resources. Many of the resources generate revenue for the Common School Fund, such as state-owned rangelands and timberlands, waterway leases, estates for which no will or heirs exist, and unclaimed property. Twice a year, the agency distributes fund investment earnings to support K-12 public schools. The agency also administers Oregon’s Removal-Fill Law, which requires people removing or filling certain amounts of material in waters of the state to obtain a permit.
 
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