The Community

This community combines first-class natural beauty, the colorful history of Colorado, and comfortable mountain living. Adjacent to Arapaho National Forest, it teems with wildlife, wildflowers, and groves of Colorado’s signature Aspen trees. Each of the twelve building envelopes is either set in its own mountain meadow, or tucked into a grove of pines and aspens, and all are thoughtfully positioned to take advantage of the breathtaking Rocky mountain views.

By careful planning, the developers have ensured that nearly eighty percent of the community’s eighty acres will remain undisturbed, thus preserving the beauty and tranquility of this Colorado landscape.

Community Highlight’s

• 40 minutes to Denver via the Central City Parkway
• Beautiful Rocky Mountain views
• All parcels have sunny southern exposure, many with 360 degree views
• Each parcel has its own mountain meadow
• Underground utilities provided to each building envelope
• Located adjacent to Arapaho National Forest
• 40 minutes to Loveland Ski Area, 70 minutes to 6 world class ski resorts

Location

Located close enough to Denver and Boulder to enjoy all the culture and
convenience of a major city, but in a mountain setting near Arapaho National Forest and close to world-class ski resorts, this community offers unlimited opportunities for exploration and adventure.

Nearby historic old west towns provide dining, gaming, festivals and other
entertainment just five minutes down the road.

Arapaho National Park

This community is adjacent to the one million acre Arapaho National Forest. This National Forest straddles the Continental Divide in north central Colorado and is named for the plains tribe that hunted in the foothills and rugged Front Range during the summers.
The mountains here are raw, exposing visceral geologic formations such as jagged ridges, broken buttresses cloud piercing pinnacles and glaciers. Elk, moose and mule deer can be seen nibbling in the mountain meadows, while Osprey, eagles and red- tail hawks soar above.

Gilpin County

Located in Gilpin County, a sparsely populated (5,000 residents) rural county in
Colorado’s high country. Tourist and Gaming income has allowed Gilpin County to
maintain very low taxes (65% less than neighboring counties) and still build new
state-of-the-art facilities for its residents, including a new high school, recreation
center, and fairgrounds.

Central City (population 500) is an old west town that is protected as a National
Historic District, yet its well preserved buildings are still full of life with restaurants,
an opera house and limited stakes western style gambling. Central City is the
county seat, so it is the center of county services. It is linked to Denver, the ski
resorts, and the other Colorado destinations by the newly built Central City Parkway.

Black Hawk lies just one mile east of Central City. Black Hawk provides more
restaurants and services, including a small medical center.

This Investment Opportunity

With downtown Denver less than a forty five minute drive and major ski resorts within an hour drive, this community is an excellent investment opportunity.

Two-thirds of Gilpin County is in public ownership, primarily under the control of the Forest Service and the Bureau of Land Management. This leaves a relatively small amount of land for private ownership use. Because of the scarcity of private land, prices will probably increase, especially for choice land with recreational and residential development potential as well as a superior location with views and access to main roads.

In addition, Gilpin County is an undiscovered area with its low taxes and brand new facilities. Through funds received from the limited stakes gambling towns of Black Hawk and Central City, Gilpin County, in the last five years, has built a brand new High School, Justice Center, Recreation Center and is in the process of building a Maintenance Facility. As well, taxes on property and homes are as much as 70% lower than that of the surrounding counties of Boulder and Jefferson.

Since 1992 when limited stakes gambling began, the flow of funds into the coffers of Gilpin County and the towns of Black Hawk and Central City have increased. The most recent figures from 2002 show over $15 million dollars have come solely from gaming taxes.

This is a remarkable amount of money for a county that only has 4,500 full time
residents. Although you never have to visit the gambling towns, they are affording
improvements in facilities as well as lower taxes. These indicators will only nhance
the appreciation of properties.

Area Growth & Appreciation

In 2005, communications by the Peterson Appraisal Company with mountain realtors, developers and bankers estimates an annual appreciation of 18% a year for premier properties in Gilpin County. The Company states “there is a strong demand for remote mountain homesites as evidenced by the number of recent sales in the area. There are so few family homesites available in the area that demand exceeds supply.”

It is estimated the Front Range of the Rockies (Fort Collins, Boulder and Denver) will grow by 900,000 residents through 2012. These people need to live somewhere and the majority do not want to live in the ever sprawling suburbs extending out into the Great Plains. As congestion in these cities increases, people will want to get away from it all and live in a close and more remote location. This community is a prime area for such interested people.

Roads and Utilities

The community is located two miles from the new Central City Parkway at the end of the well maintained county road. As the entrances to the community are at the end of this road, there are very few cars going by. But because this is at the last stop on the county school bus route, the road receives priority maintainence and snow plowing.

Completely constructed driveways are already in place to all of the building envelopes in Phase One. These driveways are level, have good sun exposure, and are engineered to exceed county standards. The developer is currently installing primary underground utilities (phone and electric) to all the phase one building envelopes.

Covenants and Design Guidelines

This community is located in an area of stunning natural beauty, and it is the intention of the developers to protect this special environment. To that end, the Homeowner Association (HOA) has adopted sensible covenants to protect the beautiful meadows, forests, and views that surround the house sites.

The covenants are designed to direct the development of the lots in a manner that complements the natural setting. They will also ensure that the quiet and tranquil environment that now attracts elk, hawks and other wildlife will be preserved. The covenants will set out how concerns such as common areas, open space, community walking trail, and common driveways will be maintained and managed for the enjoyment of all.

Included in the convents will be the formation of a Design Review Committee. This committee will use the general guidelines contained in the covenants to help guide home construction with specific criteria that will ensure an overall healthy development. These guidelines encourage the use of natural materials and home designs that blend with and complement the mountain environment. The guidelines will help ensure the growing value of the lots and homes in the community.

Area Attractions-Winter

This community is located in the heart of one of America’s greatest winter playgrounds. Arapaho National Forest is filled with cross-country ski and snowshoe trails.

For more high speed adventure, there are 8 ski resorts that can be reached within a 35 to 75 minute drive, including Eldora, Loveland, Breckenridge, Keystone, Copper Mountain, and Vail These resort offer some of the best skiing conditions and terrain in the world. Some of these resorts stay open well into late spring.

Mileage Chart

Destination Time Distance

Eldora 35 minutes 20 miles
Loveland 40 minutes 35 miles
Arapahoe Basin 50 Minutes 45 Miles
Keystone 1 hour 50 miles
Breckenridge 1 hour, 10 mins 60 miles
Vail 1 hour, 20 mins 75 miles

Area Attractions-Summer

Spring and summer bring a profusion of colors as the wildflowers and aspen burst back to life. The National Forest also provides endless miles of hiking and mountain biking trails to explore different valleys and ridges, mountain streams and forests. And these trails continue to the base of the high peaks of the Continental Divide, where more challenging trails lead over snowfields and high altitude tundra meadows to the summits, some over 14,000 feet.

The Peak to Peak Highway winds 52 miles from Black Hawk north to Rocky Mountain National Park. This is one of the most popular scenic drives in the country, offering spectacular panoramas and quaint little mountain communities to explore. The National Park itself is one of our nation’s great natural treasures, filled with awesome peaks, glaciers, waterfalls and wildlife. This is home to herds of elk and big horn sheep.

As summer fades, the changing leaves of the aspens make autumn a very special time in the Colorado Mountains. The community is blessed with multiple groves of aspens adjacent to all the house sites. A look out your window or a walk outdoors will reveal spectacular patches of yellows, reds and oranges pasted across the mountainsides.

Central City/Black Hawk

Just a two mile drive down a county road is the old mining town Central City. The entire ‘downtown’ is a National Historic District. It may be the best preserved example of a real old west town remaining in the United States. But this is no ghost town, as the old storefronts are alive with restaurants, antique shops, and western style gambling saloons. The gem of the city is the Central City Opera House built in 1889. From spring until early fall there are weekly musical performances at the Opera House, and each season includes the staging of several full scale operas.

Central City, and nearby Black Hawk, have community events nearly every week including street fairs, music festivals, and quirky events such as the annual Bed Races. Five minutes from Central City is the new 4,300 square foot Gilpin County Recreation Center. It has two pools, an indoor track, weight room, and also sponsors craft and sports classes.

Denver and Boulder

Being within a 40 minute drive of the Denver Metro area is one of the great advantages of this community. Now that the Central City Parkway is complete, many area residents find that a daily commute to Denver is an easy drive on nearly all four lane highways. For the baby boomer, entrepreneur, telecommuter, or artist who controls his or her own schedule, here is the opportunity to have a home office or studio at this community but still be in Denver quickly and easily for necessary meetings, or to catch a flight from Denver International Airport.

Denver also offers great cultural opportunities to complement an outdoor mountain
lifestyle. Denver has one of the largest performing arts complexes in the US, with great local dance, music and theatre companies. Red Rocks Amphitheatre is an outdoor theatre uniquely set in a soaring rock formation just west of the city. These venues always attract the major touring artists and productions.

Twenty miles northwest of Denver is the city of Boulder with the flagship campus of the University of Colorado. The university has become the nucleus of a world class high tech industry in the area. The best place to experience the eclectic Boulder culture is on the beautiful Pearl Street Mall. This pedestrian mall is filled with strolling families during the day, and explodes into a cacophony of street performers, outdoor cafes and club venues at night.

Best Exit Strategy

Investors have different investment criteria and goals, but probably the best exit strategy for the majority of our buyers with this investment opportunity is to hold 3-5 years and then resell the homesite to a home owner who plans to build on the lot. Given the appreciation currently in this region, this should be an excellent equity/appreciation investment!

Resell Program

The developer will resell your lot for a 6-7% commission fee. They use an outside agency who will market the property through advertizing on radio, in newspapers like USA-Today and Wall Street Journal, all day sales events, and contacting an extensive data base of potential buyers. Our buyers can also use their own networks and resources to resell the homesite when they are ready.

Communication and Updates

The developer provides frequent updates on the community’s progress through quarterly newsletters and emails. Each homesite owner will be kept abreast on changes, progress of the build out and new developments on a regular basis.

Building on Your Homesite

While most of our investors hold the land for a few years and then sell to a homeowner, some investors may chose to build on their homesite. There are no building time requirements. The developer has a list of selected builders who investors can contact if they chose to build.

Homesite owners are free to chose their own architects and builders, but will need to submit their plans to the Design Review Board for final approval. This community has restricted covenants as far as the type of home build, styles and the minimum square footage.

This Investment in a Nutshell

Unique Features*
The community is 78 acres. There are 11 acres available for building envelopes. The rest of the community property is designated as conservation.

* Lot sizes range from 2-5.6 acres. Purchases will also have the option to purchase adjacent conservation easements, to increase lot size if they so desire.

* The building envelopes (25% of lot size) are positioned to emphasize views while not obstructing building envelopes of other lot owners

* Taxes in 2006 were an average of $284 per parcel. - Taxes in Gilpin County are 70% LESS than the surrounding counties of Boulder and Jefferson.

* Roads are in for Phase I as well as all piping for underground utilities. The land is improved in such a way that with the right credit score, banks are accepting as low as 10% down.

Growth Prediction

The gaming towns of Central City and Black Hawk (2 -3 miles away) are experiencing exponential growth with 900,000 more residents expected to move into the area in the next 2 years.

In 2007, for instance, a one acre parcel in the gaming district sold for $6.7 million. There also is a 34 story hotel in Blackhawk which is to be completed in Spring of 2008.

Currently, just a mile from the community is a 220 acre parcel under contract that is listed for $11,000,000. Development plans have been submitted and roads are being installed on a 1,200 acre parcel just 2 miles South of Central City for several hundred homesites.

For more information visit:
www.prospectpointe.com or www.rooseveltridge.com

To review Frequently Asked Questions
Click Here Inventory and Price List

Lot #s Acreage List Price Investor Group Price % Savings
(#2) Mollie 4.2 $160,000 $140,000 12.5%
(#4) Claudia 5.3 $175,000 $145,000 16.0%
(#5) Oranoake 2.3 $141,000 $125,000 12.0%
(#7) Gad 4 $160,000 $140,000 12.5%
(#13) Hubert 5.5 (sold)
(#14) Oronoak 3 (sold)
(#15) Hubert Fork 3 $160,000 $145,000 10%

To view the plat map click here