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re: Pipeline Easement - CharleyLake on 6/11/21 at 6:30 am
Agree. The Texas Farm Bureau is pushing for property rights and landowners are frustrated with the absence of eminent domain reforms. We are not even certain if Rip's pipeline company qualifies for condemnation procedures, do we? ...Jump to Post - View Topic - Replies (0)
re: Pipeline corridor valuation - CharleyLake on 6/10/21 at 3:02 pm
I will contact a few buyers for their feedback and anticipated level participation based on the model that you provided. I am thinking a 130K to 140K category offer for 1/6th interest in the corridor. I will surely let you know what was decided before a formal offer. ...Jump to Post - View Topic - Replies (0)
re: Pipeline Easement - CharleyLake on 6/10/21 at 2:39 pm
That price per rod seems woefully inadequate but I am in Calcasieu Parish. The price per rod is only a small part of a Right-of-Way and Servitude agreement. The "fine print" was written by an attorney for the benefit of the pipeline company, not you, however it is quite negotiable. Would such eas...Jump to Post - View Topic - Replies (1)
re: Pipeline corridor valuation - CharleyLake on 6/10/21 at 7:04 am
Three pipelines will be up for renewal. Those companies should likely not object to current rental values so I made assumptions on future income with them. So much seems to be subjective but I did change the tax rate for the reason that you mentioned. Very grateful for sharing your knowledge and ...Jump to Post - View Topic - Replies (1)
re: Pipeline corridor valuation - CharleyLake on 6/9/21 at 10:18 am
I changed the escalator to 1.2, the tax rate to 12% for the sellers assumed bracket, and the discount rate to 6% Was the 9% based on the S & P return or another benchmark? It makes an appreciable difference....Jump to Post - View Topic - Replies (1)
re: Pipeline corridor valuation - CharleyLake on 6/9/21 at 6:20 am
Very helpful. My tax preparer is quite busy at this time. I calculated 83.2 K for ten years. Three siblings shared 1/6th interest (13.863 K average yearly income). Your values would have a range of about $109>137K, which is a good place to start. The sellers(3) and buyers(between 12 and 21) are all ...Jump to Post - View Topic - Replies (0)
re: Where were you 25 years ago this afternoon? - CharleyLake on 6/8/21 at 2:01 pm
Port Arthur, Texas. Daughter was on a 14 U fast pitch softball tournament team and one of the parents had a TV in his Ford Econoline van. Also recall winning my first and only "split the pot" that afternoon. Wonderful memory. ...
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re: Pipeline corridor valuation - CharleyLake on 6/7/21 at 6:37 am
Per mutual understanding, if sold, it will be to present co-owners. I have no understanding of the marketing terms but if you want to make an estimate on what was provided, please do. I thought it would be much simpler. I can ask my tax preparer to work something up for us and will let you know when...Jump to Post - View Topic - Replies (1)
re: Pipeline corridor valuation - CharleyLake on 6/4/21 at 1:39 pm
There are fourteen (14) ROW agreements. Three of them will likely be renegotiated for renewals in 2023 and 2024. The older ones are for natural gas and hydrocarbons; most recent are for industrial gasses....Jump to Post - View Topic - Replies (1)
re: Pipeline corridor valuation - CharleyLake on 6/4/21 at 6:16 am
Thank you the information. I think that I could use a little more guidance. The average lease term is for ten years with options to renew one or two times by the anniversary date. The pipeline companies pay for their maintenance I know of only one abandoned pl in 4 years. Assume no landowner expe...Jump to Post - View Topic - Replies (2)
Pipeline corridor valuation - CharleyLake on 6/3/21 at 8:47 pm
Some of my cousins wish to sell their undivided interest in a pipeline corridor (to family first) that has several pipelines which have renewable rental payments every ten years adjusted by the CPI. The corridor is small and has no other value. There is no upkeep and parish taxes are minimal. ...Jump to Post - View Topic - Replies (2)
re: SW LA getting rocked by severe storms this morning. - CharleyLake on 5/18/21 at 6:58 am
Yes, it would be difficult to disagree with his speech. I doubt if he will find a worthy opponent any more than Tony Mancuso will in any election for their respective offices....
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re: 2021 Flight of the hummingbirds - CharleyLake on 4/20/21 at 7:37 pm
We saw one at Sabine NWR last week. It was all dark except a dull white collar, typically larger than others, and very stationary. Unable to identify or even guess the species. ...
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re: “Landlocked” Land - CharleyLake on 4/19/21 at 6:38 am
Obtain the right of passage prior to purchase. A few years ago my family sold a parcel of property near Vinton, LA for grazing. The adjacent landowners were contentious former in-laws to the buyer which threatened the proposed sale. It did not tale very long for the buyer's attorney to define the si...
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re: Barbe-Sam Houston on CST now - CharleyLake on 3/25/21 at 6:24 am
I suppose you might know something about the history of Moss Lake, Lockport, and Goosport. Sports-minded Lake Chuck folks might recall the Goosport Phenomenon, for example. ...
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