NOTICE

INDIANA DEPARTMENT OF NATURAL RESOURCES

DIVISION OF FORESTY

SF203   8/7/98

Notice is hereby given at the following date and times: September 27, 2012 @ 9:00 AM, 9:15 AM, & 9:30 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 Timber sale: an estimated 340,530 Board Feet Doyle volume in a total of 1,385 sawtimber trees and 38 culls. 393 poletimber trees contain an estimated 42.8 cords of volume.  Timber is located in Compartment 2 Tracts 9 & 10 of the Yellowwood State Forest.

9:15 AM Combined Tract Timber sale: an estimated 205,991 Board Feet Doyle volume in a total of 978 sawtimber trees and 33 culls. 163 poletimber trees contain an estimated 21.3 cords of volume.  Timber is located in Compartment 7 Tracts 25 & 28 of the Yellowwood State Forest.

9:30 AM Timber sale: an estimated 73,783 Board Feet Doyle volume in a total of 425 sawtimber trees and 23 culls.  157 poletimber trees contain an estimated 17.9 cords of volume.  Timber is located in Compartment 16 Tract 7 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 September 27, 2014 which will be the expiration date of all three 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.

12-260  31586528 9/12/2012