COQUILLE — Coos County’s annual timber sale will bring $3.48 million into county coffers, possibly with more to come.
The county held a sealed-bid auction Wednesday, but only one company — the Swanson Group of Glendale, Ore. — participated. It bid on four of six available parcels, with offers ranging from $277 to $504 per 1,000 board feet.
Swanson group passed up two other parcels, which will remain for sale for 30 days. Commissioner Bob Main and Forester Lance Morgan said the timber on those tracts had not matured according to expectations. The county hopes they can be cut and replanted. Morgan said they were worth $600,000.
Even without bids on the two parcels, the bids were a little higher than county officials had expected.
“We did pretty well, all in all,” Morgan said.
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Morgan said the county had hoped to get $4.07 million for all the tracts, which Main said were planted in mixed Douglas fir, spruce and hemlock.
Coos County owns 15,000 acres of forest that can be harvested commercially. It auctions timber from about 200 acres each year. Last year’s auction brought in $1.9 million, with bids from five companies.
Wednesday’s sale was independent of sales on federal timberlands in 17 Oregon counties. Coos County’s share of those sales totaled $2 million this year, of which 10 percent — $200,000 — has been held back by the Bureau of Land Management.
The sum is what will be sequestered if Congress cannot forestall automatic spending cuts set to take effect on Friday.