NOTICE

Indiana Department of Natural Resources
Division of Forestry

Notice is hereby given at the following date and times: June 7, 2012 @ 9:00 AM & 9:15 AM.

The State Forester, acting for the Indiana Department of Natural Resources and the Director of Public Works and Supply, will offer for sale the following described property.

9:00 AM Combined Tract Timber sale: an estimated 278,504 Board Feet Doyle volume in a total of 1,238 sawtimber trees, 5 logs and 36 culls.   439 poletimber trees contain an estimated 42.9 cords of volume. Timber is located in Compartment 14 Tracts 9 & 10 of the Yellowwood State Forest.

9:15 AM Timber sale: an estimated 199,779 Board Feet Doyle volume in a total of 780 sawtimber trees and 37 culls. 242 poletimber trees contain an estimated 26.7 cords of volume. Timber is located in Compartment 13 Tract 14 of the Morgan-Monroe State Forest.

The public sales are to be held in the office of: Yellowwood State Forest, 772 South Yellowwood Lake Road, Nashville, IN. 47448.

Contact office for special sale conditions.

Sealed bids for each such property will be received at the office of the Property Manager until the hour and date above set out, at which time and place all acceptable bids will be publicly opened and read aloud, and any bids received after the designated time will be returned unopened. Bidders are required to submit a check payable to the Indiana Department of Natural Resources for five percent (5%) of their bid amount with their bid as a performance deposit. The performance deposit amount is not part of the total sale (bid) payment, but is a separate payment. Failure to comply with conditions and requirements of the executed contract may result in a forfeiture of a portion or all of this performance deposit. The property will be sold under written contract to the responsible bidder making the highest sealed bid, provided the bid is acceptable to the state. The winning bidder must make a payment equal to or larger than ten percent (10%) of the bid amount within fourteen calendar days of the bid opening. The remaining bid amount balance, if any, shall be paid within one year of the bid opening or prior to the start of harvest operations, whichever occurs first. The bidder may pay the entire bid amount within fourteen calendar days of bid opening. Failure to pay at least a ten percent (10%) down payment or the full bid amount within fourteen calendar days from the date of bid opening will result in a forfeiture of all of the performance deposit. Failure to pay the total bid amount within the prescribed time will result in a forfeiture of all of the performance deposit and any down payment. The terms of the sales will be cash, the buyer to accept delivery of the property and to remove the property there from by June 7, 2014 which will be the expiration date of both contracts.  The State reserves the right to accept and/or reject any and/or all bids. The Department (at its discretion) reserves the right to rebid the sales.

Only current licensed buyers or their agents may submit bids. Buyer should satisfy himself as to the volume in each sale.

12-139  31561084  May 23, 2012