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<p class="MsoNormal"><span style="color:#1F497D">The largest component of value is the water right, if a significant right is being purchased. I am not familiar with purchase of an exempt water right (recognizing that whole process is now very complicated after
the Hirst case) so am curious about how that right is valued in light of Hirst. Therefore, I would appreciate it if replies providing names of qualified water right appraisers would be to the list. Paul, please contact me if it looks like you have to use
an eastern Washington appraiser. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">John Riley<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p style="FONT-SIZE: 10pt; FONT-FAMILY: ARIAL"><strong>John M. Riley III</strong><br>
Principal | Witherspoon • Kelley<br>
<a href="mailto:JMR@witherspoonkelley.com">JMR@witherspoonkelley.com</a> | <a title="Attorney Profile" href="http://www.witherspoonkelley.com/john-riley-1">
Attorney Profile </a>| <a href="http://www.witherspoonkelley.com/s/jmr.vcf">vCard</a></p>
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<p style="FONT-SIZE: 10pt; FONT-FAMILY: Arial" align="right"><font color="#ffffff">422 W. Riverside Ave, Ste 1100<br>
Spokane, WA 99201<br>
(509) 624-5265 (office)<br>
(509) 458-2728 (fax)<br>
witherspoonkelley.com</font></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif"">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif""> wsbarp-bounces@lists.wsbarppt.com [mailto:wsbarp-bounces@lists.wsbarppt.com]
<b>On Behalf Of </b>Paul Neumiller<br>
<b>Sent:</b> Friday, July 28, 2017 2:01 PM<br>
<b>To:</b> wsbarp@lists.wsbarppt.com<br>
<b>Subject:</b> [WSBARP] HOA Purchase of Well Easement<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="font-size:12.0pt">I am working with a large HOA (over 200 homes) that provides water to the residences. It needs more water and wants to approach its neighbors and ask/buy for an easement to drill a new well. The HOA asked
me for “comps” for the purchase of an easement to drill the well and everything that goes with it (wellhead and related water transmission pipes, no storage tanks. County requires a 100 foot set back. Most neighbors have 5 to 15 acre lots if not more). The
HOA has been able to grow only by five new homes a year (based on a wait-list; in-fill for vacant lots) as restricted by the availability of water. It will need this water for future growth.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt">Now, I feel that every situation is different and that the purchase of an easement is a rare enough event so there is no such thing as comps for comparable easements but I thought I’d throw the question out
to the collective hive. What say you? Any “comps” out there?<o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><a name="Paul_Neumiller"><span style="font-size:12.0pt;font-family:"Times New Roman","serif""><img width="250" height="150" id="_x0000_i1025" src="cid:image002.jpg@01D309EC.796D3B90"></span></a><span style="font-size:12.0pt;font-family:"Times New Roman","serif""><o:p></o:p></span></p>
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