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SHIMON AUCTION
REAL ESTATE &
WATER
November 29, 2007 -
10:30 AM
THE
AUCTION LOCATION HAS BEEN MOVED
Auction
will be held at the Bunker Hill Country
1/2
mile west of Hospital Road on Mill Street
From
Farm, go South 1/4 mile on Road 29 to Mill Street, then 2 1/2 miles west.
Parcel 1:
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Approximately 150 acres of flood irrigated property 1 mile
from the Brush City Limits North side of Interstate 76 at Road 29. |
| Water: |
16 Shares of Capital Stock in the Upper Platte and Beaver
Canal Company |
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16 Shares of Capital Stock in the Brush Lateral Ditch
Company |
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Buyer to pay transfer fee and any and all 2008 assessments. |
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1 Irrigation Well permit #R21033RF Augmented in the Upper
Platte and Beaver Aug Plan |
| FSA Information |
1128.5 acres of Corn Base |
| Minerals |
It appears that seller has all the minerals and is reserving
1/2 for 15 years |
| Farm Lease |
Current 2008 Crop Year Lease 1/3 & 2/3 with additional
agreements |
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Parcel 2:
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8.7 Acres w/home &
outbuildings. 2 Domestic/Livestock wells & a natural gas tap.
Quality Water Tap available. This property has already gone thru the
Morgan County Exemption process and is a legal sellable parcel.
Seller is reserving the two floor heaters in shop and the use of the shop
and small west building up to Sept. 1, 2008 or until vacated.
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Parcel 3:
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7
1/2 shares of Jackson Lake Reservoir & irrigation Co. to be offered so
much a share with the right to take 1 or as many shares as you want.
If high bidder takes all, 1/2 share will be 50% of their per share high
bid. Buyer to pay transfer fees and 2008 and thereafter assessments
outside of closing.
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TERMS & CONDITIONS:
Property to be sold for cash at absolute public auction subject to
a minimum bid of $985,000. The minimum bid can be achieved by
accumulative parcel bidding or in its entirety. 15% non refundable
earnest money required of high bid or bids, auction day, balance on or
before Dec. 27, 2007 closing day. Seller to pay all 2007 property
taxes and water assessments. Seller to receive all 2007 crop and FSA
program payments. Buyer to receive landlord share of 2008 crop and FSA
program payments yet to be determined. Buyer is assuming sellers
position and expenses for 2008 and thereafter crop share lease. Buyer
to pay all 2008 and thereafter taxes and water assessments. Any and
all transfers and transfer fees are the responsibility of the Buyer
outside of closing. In the event that two or more parcels sell
together, seller reserves the right to determine separate values in
sales contract for 1031 Exchange purposes.
SHOWING –
Any time by appointment or at the Pre Auction Meeting Nov. 15th
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