Fors Inter-Trust Exchange
   

Proposed Exchange of Trust Land Designations (Exchange 86-907732)

 
DNR proposes to exchange approximately 68 acres of Common School Trust land (Exchange Parcel A) near Port Angeles and 7.2 acres of Common School Trust (Exchange Parcel C) near Dungeness in Clallam County for an equal-valued amount of Land Bank forest land (portion of Exchange Parcel B) located near Big Lake, southeast of Mount Vernon that is up to 363 acres in size. If completed, this re-designation of trust land tracts will facilitate a future public auction of the Fors Road property (Exchange Parcel A) and the Dungeness property (Exchange Parcel C) located in Clallam County. 
 
Details
Properties proposed for exchange are located in Clallam and Skagit counties.
 
Public Hearing – October 25, 2018
DNR will hold a public hearing starting at 6:00 p.m., Thursday, October 25, 2018, in the DNR Northwest Region Office, Upper Conference Room, 919 N. Township St., Sedro Woolley, WA 98284-9384. The purpose of the hearing is to provide information and receive public testimony on the proposed Fors Inter-Trust Exchange, which is solely an exchange of trust land designations.
 
Written testimony must be received by November 13, 2018. Please mail written testimony to: DNR, Fors Inter-Trust Exchange, Attn: Bob Winslow, PO Box 47014, Olympia, WA 98504-7014, or email to: Exchanges@dnr.wa.gov For more information about the proposal, contact Project Manager Bob Winslow at 360-902-1622.
 
Purpose of the Inter-Trust Exchange
If completed, this re-designation of trust property will facilitate a future public auction of the Fors Road property (Parcel A) and Dungeness property (Parcel C). 
 
How An Inter-Trust Exchange Works
A Common School Trust property located in Clallam County is selected for an inter-trust exchange. A market valuation is then completed to determine the value of the Common School Trust parcel (Parcel A, Parcel C) and an equivalent value of Land Bank property (Parcel B). After conducting a public hearing about the proposed exchange of trust designations, DNR may propose an equal value exchange to the Board of Natural Resources, which is responsible for final decisions on these types of transactions.