Pope & Talbot, Inc., & Subsidiaries - Page 33

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               The townsite improvements consist of 35 single-family homes,           
          1 duplex, and 8 nonresidential buildings, including a country               
          store, company offices, community hall and post office building,            
          Masonic temple, church, gas station, fire hall, and carpenter               
          shop.  The town’s structures are wood and were built between 1853           
          and 1929.  The style, quality, and condition of these structures            
          vary widely.  They lack functional heating systems but have                 
          chimney systems for occupants to install wood-burning stoves.               
          Plumbing and electrical fixtures are minimal.  Although                     
          sufficient spring water was available to supply Port Gamble’s               
          needs, the water system was not in compliance with State and                
          Federal regulations in terms of water quality on December 20,               
          1985.  The sewer treatment plant was operating at or above                  
          capacity on a regular basis.  It was sufficient for existing                
          improvements, but additional development would likely require               
          additional treatment capacity.  The homes in Port Gamble were               
          generally rented to mill workers at an average rent of                      
          approximately $170 per month, less than the cost to operate the             
          townsite.                                                                   
               Petitioner also transferred to the Partnership the land,               
          buildings, and inventory associated with its Cyrus T. Walker Tree           
          Nursery and its 40-acre Hansville Transplant Nursery.  The                  
          nurseries grow Douglas fir seedlings for reforestation of cut-              
          over timberlands and have the capacity to produce 2.5 to 3                  






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Last modified: May 25, 2011