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CED-79-34 1 (1979-01-15)

handle is hein.gao/gaobaayqf0001 and id is 1 raw text is: N ~ot to be relensed o~tslde the Generar :co :~:,, C .Ec excet on the lb sis of specific app vj- 01WASHINGTON. O-C. 205a SATSff B-18 2143 JANUARY 15,1979 Chairman, Subcommittee on Environment, Energy, and Na al ResourceS Committee on Government Operations s - 5-n House of Representatives Dear Mr. Chairman: The late Chairman, in letters dated Auq ust 7 and October 16, 1978, jeuested that wejeviewlthe cost of the Redwood National Park.expansionjauthorized by Pulic Law -95--250. In responFse-rt he--e-letters and subsequent meetings w-th his office we are providing a report on (1) the status of the 1978 legislative taking and the steps involved in settling claims of the previous property owners including three redwood companies: Arcata Redwood, Louisiana Pacific Corporation, and Simpson Timber Company, (2) the original park cost estimate for the additional 48,000 acres legisla- tively taken, and (3) the redwood lumber industry, its pro- duction trends, its price trends, and the reasons given to us, by redwood companies not involved in the taking, for decreased production and increased prices. Our review disclosed that: WT V --The process to resolve claims for compensation by the former owners of the redwood trees and land is complex and time consuming, and unless an out of court settle- 7 ment is reached will probably be determined in the U.S. District Court in San Francisco. (See p. 4.) --The original estimate of $359 million for acquiring' the 48,000 acres of land and trees was developed with- out visiting the land to determine the number of trees and volume of timber. The value of the trees was es- -7 timated without benefit of comparable sales prices for purchases of this magnitude. Also, the estimate did not include other costs unidentifiable at that time, such as costs for severance and interest. (See p. 5.) --Most redwood lumber is produced by 10 to 12 companies, generally from their own trees. Production increased steadily over the last 10 years. Industry sources ex- plained it is now dropping because of a loss of trees 5~o3Z~3 o0130 CED-79-34 (14860) C J(C) 'c-c-

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