Instructions To Offerors

All offers must be submitted on LWBC Offer to Purchase forms, which are available from the Listing Broker. Each offer must be accompanied by a $10,000 deposit in the form of a certified cheque or money order payable to "Land and Water British Columbia Inc.". (Deposits will be returned to unsuccessful offers).

The public competition will open on Wednesday, June 23rd and run fro three weeks. All offers and deposits must be sealed in an envelope and presented to R. G. (Bob) Dirks of Premier Canadian Properties by 4:30PM Wednesday July 7, 2004. Late offers will not be considered. All offers must be NON SUBJECT offers.

Public opening of offers will occur at 9:00am, Wednesday, July 14, 2004, at the LWBC office in Kamloops, BC No formal acceptance of offers will take place at the opening.

For additional information call Bob Dirks at Premier Canadian Properties at 1-866-765-0579 or locally in Kelowna at 250-765-0570 or fax at 250-765-0577.

Property also listed at Land & Water BC website

Paul Lake Information

Amenities

Amenities include hydro, phone and sewer which are all available at lot line. Water would be either a drilled well or by water easement from Paul Lake.

Paul Lake is located approx. 15 minutes drive from Kamloops on year round paved roads to the west end of Paul Lake by the Condo's. From the end of the pavement is the main access road to all the properties on this side of the lake, which is a good gravel road. The subject property is located approx. 100 yards down this road.

The access road is along the lake edge, which gives you access to the lake, and a place for a dock and moorage of your boat. There is NO grassy beach front out front of any of the properties on this side of the lake.

There is hiking trails on the other side of the lake, along the lake shore.

Paul Lake Provincial Park is accessible by the main road which is located approx. 4 km back to the main highway. The access road is only used by local traffic and is generally very quiet.

Harper Mountain Ski Resort is located on a few kilometers from the lake. This is a family type ski resort and very inexpensive compared to the Sun Peaks Ski Resort located near Heffley Lake, north of Kamloops on the Yellowhead Hwy., which is approx. 1 hours drive.

Property

The subject property has a typical steep hillside leading from the road to the back of the property. From selling properties on Paul Lake over the years, the steep grade on the properties has allowed for fantastic views of the lake and surrounding mountains, which otherwise would not be available if the home was built on grade. The properties also have a BC Hydro "Right of Way" out the back of the property, which also is on the subject property.

The lot is .2426 acre in size or .0982 hectar. 100' of road frontage x 104' in depth. The property is well treed for privacy.

Zoning is AF-1 Agricultural

Property taxes are not available at this time, due to the property being Crown Land.

7% GST is applicable on selling price.

Lake Stats

Paul is one of the larger fresh water lakes located in the Kamloops Region. The elevation of Paul Lake 2,522' level. The maximum depth of Paul Lake is 181' deep. The surface area is 963 acres.

Paul Lake has an excellent fishing record for larger Rainbow trout which average 3 1/2 lbs. to over 7 pounds is not uncommon. Very popular for swimming and water skiing lake. Paul Lake is also surrounding by many isolated fishing lakes, which offer excellent fishing for the wild Kamloops Rainbow Trout.

** Writers comments;

** I inspected the subject property on June 21, to take notes, and pictures of the subject property and surrounding areas of the lake and the beautiful Paul Lake Provincial Park. I found the property to be in an excellent location on the lake, offering excellent views from the site in both directions. The properties on Paul Lake for the most part are narrow 50' lots, which makes this property very attractive because of it being a double wide lot. Ideally what is being built on Paul Lake is a typical ground level entry two storey home, with sun decks on the front and back of the homes. This site would require the lot be be excavated to your own personal requirements for the size of home required. Paul Lake over the years has gradually moved from a seasonal recreational lake to more of a mix of both recreational and year round homes. There is some high end homes built on Paul Lake over the past 5 years.

** Buyers must do their own due diligence with the planning department with the City of Kamloops in regards to any services and building permits required.

** Buyers are cautioned to use extreme care if entering on the site at Paul Lake, and walking around. The old building has been demolished and removed, however there is still the old chimney and wooden steps that is dangerous, and lots of boards with nails are visible.