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Day Forex System Trading Government appraisers and a watchdog group say a proposed $36 million land exchange between the U.S. Bureau of Land Management (BLM) and the state of Utah is a "rip-off" for the federal government.

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Beginner Day Guide Online The proposal, negotiated after Gov. Mike Leavitt announced in January his desire for a new national monument in the scenic San Rafael Swell, calls for BLM to deed to Utah 137,000 acres of federal lands rich in minerals and real-estate potential.

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Broker Day Online Trading The state would give the federal government 108,000 acres of Utah's school-trust lands that are difficult for the state to manage because they are scattered within large federally owned blocks.

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Day Strategy Trading While negotiators on both sides of the deal touted their lands as being of "approximately equal value," BLM appraisers and a Seattle-based group that specializes in scrutinizing federal land transactions say the San Rafael exchange heavily favors the state of Utah.

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Day System Trading "Everybody knows that the appraisals were really messed with," said Janine Blaeloch, director of the Western Land Exchange Project.

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Day Signal Trading If true, Utah would be getting a huge federal handout at the expense of U.S. taxpayers.

Day Rule Trading John Harja, who negotiated the proposed land trade on behalf of the state, defended the proposal, saying it would be a fair trade based on a "businesslike" reconciliation of disputed land values and compromises between the state and federal governments.

Day Tip Trading Blaeloch's group is trying to derail or at least change the proposed San Rafael land deal, which is working its way through Congress in the form of a bill sponsored by Reps. Chris Cannon, R-Utah, and Jim Matheson, D-Utah.

Day Firm Trading The bill, HR4968, has the backing of Leavitt and the BLM, which is headed by Kathleen Clarke, a former Leavitt cabinet member.

Book Day Trading On Thursday, the bill passed a House subcommittee and is expected to be considered next week by the Resources Committee, chaired by Utah Republican Rep. Jim Hansen.

Day Market Stock Trading Some critics of the measure say the trade appears to be an example of politics trumping propriety to benefit a state well connected to the Bush administration.

Day Search Trading "To me, it looks like someone is pulling a fast one. . . . This is a rip-off," said Jack McDonald, former chief appraiser in the BLM's Utah office who retired in 1999 after complaining about a pair of similar land exchanges around the state.

Course Day Trading Several Democrats on Thursday expressed concern about apparent inequities in the proposed exchange. Cannon said he would try to resolve those concerns, noting he wants this exchange to be a model for future such deals in Utah.

Day Emini System Trading The problem with the San Rafael exchange, its critics say, is that the federal lands were generally undervalued, while the state lands were overvalued.

Day Information Trading "Calling this an equal-value exchange is a lie. There's no other way to characterize it," said Kent Wilkinson, a 25-year veteran BLM appraiser who helped analyze the lands in question for the federal government.

Day Tool Trading Harja scoffed at any suggestion the trade is not equal. "No question I dispute that statement totally."

Day Pick Stock Trading But Wilkinson said the negotiators of the land exchange -- Terry Catlin for the BLM and Harja for the state -- often lowered the values of the federal lands and, in some cases, completely disregarded their mineral values.

Day Online Search Trading For example, in their "white paper" prepared to defend the exchange, Catlin and Harja note that certain parcels of federal land in Emery County have "nominal mineral value."

Day Dummy Trading Wilkinson's appraisal found otherwise. "The [Emery County] parcels have been characterized by the [BLM minerals experts] as having a high likelihood of significant mineral-related demand and value because of their proximity . . . to the North Horn coal reserves," Wilkinson wrote in his appraisal.

Best Day Software Trading Harja said those federal parcels near the coal reserves are not intended to be exploited for their mineral value but to provide access to state-owned lands within the coal reserves.

Day Technique Trading BLM appraisers also complained about how Harja and Catlin negotiated the values of 1,119 acres of federal land at Anderson Junction, the Interstate 15 exit to Toquerville. The federal appraisers valued the land at an average $5,973 per acre. The Utah School and Institutional Trust Lands Administration (SITLA), which oversees the school trust lands, valued the lands at "approximately $4,000 per acre," according to the white paper.

Currency Day Forex Trading So the negotiators on the state-federal exchange team "reconciled" the figure to $4,500. The reconciled figure represents a loss of about $1.6 million to the federal government in land value.

Day Services Trading Conversely, the value of state lands was often hyped, said Wilkinson.

Currency Day Market Trading In the San Rafael Swell, where the state owns 102,000 acres of school-trust lands, SITLA employees, who are not professional appraisers, valued the school trust lands at more than $21 million -- more than double the $10 million value assigned to the San Rafael lands by the more-experienced BLM appraisers.

Day Option Trading The wide discrepancy between the SITLA and BLM appraisals was later reconciled to $14 million. That figure still represents a $4 million gift to the state from the federal government, said Wilkinson.

Day Pattern Stock Trading Harja disagreed, noting that appraisals are not the only means for valuing land, especially with tens of thousands of acres in question.

Day Free Software Trading "For [BLM appraisers] to say SITLA was off-base is not a valid criticism. All viewpoints were looked at and everyone had their say."

Day Trading Commodity In another alleged inequity, trust lands parcels proposed to be traded to the federal government inside the desert tortoise preserve near St. George were valued individually, rather than as a block, thereby inflating their value. By contrast, federal lands in the Uintah Basin were valued as a block.

Day Electronic Trading All told, Wilkinson said a true valuation of the lands would show that the federal government is giving up tens of millions of dollars.

Day Penny Stock Trading The problems in the white paper prepared by Catlin and Harja have prompted other BLM appraisers to complain, including Wilkinson's boss, Richard Rawson, and Dave Cavanaugh, chief appraiser in BLM's Washington office. They also criticized the report of a pair of "independent consultants" hired by SITLA to review the proposed land exchange.

Day Forex Strategy Trading Rawson said he hoped to meet with Catlin sometime next week "to iron out differences that we have."

Day Forum Trading McDonald, who has read the white paper and spoken with his former colleagues, derided the proposed San Rafael land trade as one in a string of bad deals.

Day Lyric One Trading He said two previous state-federal land exchanges -- one in 1998 and another in 2000 -- resulted in a $1 billion windfall for the state of Utah.

Day Forex Signal Trading "It's such a joke," said McDonald from his northern Wyoming home. "It's criminal and ridiculous but nobody will do anything about it."

Day Indicator Leading What's ridiculous, countered Harja, is trying to do large-scale land exchanges the old way, relying only on appraisals, which are costly and do not tell the whole story of land valuations.

Day Seminar Trading The goal in the San Rafael land trade is for SITLA to receive lands it can use to boost the permanent school endowment. For the government, the goal was to receive scattered school-trust lands, particularly within the San Rafael region, that are a management headache.

Advice Day Trading Said Harja, "We reconciled values in a businesslike manner that was an intelligent, efficient way to accomplish these means."

Broker Day Trading By Brent Israelsen
The Salt Lake Tribune - 7/19/2002

Topic: Public Lands

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