Last night came the news that we have an offer on Mom's house for $205,000. No other information came with that news.
When the proposal was first made to sell off Mom's house several months ago, I remember that concern was voiced that we would structure the lot so that it would not inhibit future development of the farm.
As the saying goes, the devil is in the details. Could we have some? How big is the lot to be divided? What exactly does it entail? What about terms? In fact, wouldn't it just be better to attach the sales offer so we can all read it?
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Good questions Clarence.
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Grover tells me the lot would be 3/4 acre. Exactly what the boundaries would be he tells me have not yet been agreed to. I would hope that the east boundary would be consistant with the east boundary of the William property and the rest of those properties already sold up the lane.
Mom had an extra temple robe that is in good condition. Are any of you interested in it?
Update on Water Rights for the farm. I've been talking to Bob Oxford, a water rights consultant.
ReplyDeleteHe advises me that just after the first of the year New Mexico will be evaluating water rights on the San Juan river. This is an attempt for the state to pick up more water. The state has given more water rights than they have water to fill those rights so they are going through rights given, one by one, to evaluate whether people are using the rights they have.
Should the state find we are not using our water rights fully, which seems the logical conclusion, they will attempt to seize them for themselves.
As near as I know, we have 70 acre feet of rights. We certainly aren't irrigating 70 acres at this point.
I have hired Bob to evaluate our rights. We should hear back in a couple of weeks. He tells me that should we have extra rights we should be able to protect them by assigning them to a water bank, to another piece of property or by selling them.
I will apprise you when I have heard from Bob.
I had a phone call yesterday from Bob Oxford. This was in regard to farm water rights.
ReplyDeleteHe tells me that we currently have 51.3 water rights, not the 70 that I believed. It was not clear to me what the status of 6 rights we once had assigned to land across the arroyo.
The water rights were granted in 1907. They were reaffirmed in 1938 and 1982. They will be reevaluated in the next few months. If we are not using the total of 51.3, the state will take away any excess rights unless we act to A. Either sell them, B. lease them or C. Put them in a water bank.
Bob feels that using the water bank option is probably our poorest option as the state sometimes is able to take them away.
Bob suggests either selling or leasing any excess rights.
The first thing we need to do is evaluate whether we are using the full rights. If not, then we need to decide what to do with the excess.
The state will use satellite photos to decide how much land we are irrigating.
Bob feels that we can market the rights for around $6000 per right. Leasing is usually for 10 years. The gas companies are sometimes interested in leasing. Cities are interested in purchasing.
Bob would help us either to sell or lease any excess rights. There is of course some fees for this work.
I will receive a written report in a few days from Bob.
Don thanks for following this thing on the water rights. These rights are going to get harder to latch onto in the future...
ReplyDeleteAs I haven't heard a single response about the documents from the water consultant, Bob Oxford, am I to conclude that the consensus is to do nothing? If so, I will follow.
ReplyDeleteAlso unless I hear from Maurine within the next day or so that she is paying the bill, I will do it because I think we will need Bob in the future and I don't want to irritate him.
As I indicated on the phone, I believe that it should be determined how much water is needed to irrigate the farm and that the excess if there is any should either be leased or sold.
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