Details for NOTICE OF TIMBER SALE
Notice is hereby given at 10:30 a.m. on the 27 day of June, 2019, the State Forester, acting for the Department of Natural Resources and the Director of Public Works and Supply, will offer for sale the following described property: 500 trees, 601 poles and 138 culls with an estimated volume of 198,362 bd. ft., Doyle Tree Scale, at a public sale to be held in the offices of Martin State Forest, 14040 Williams Road, Shoals, IN 47581. Phone number: 812-247-3491. Sealed bids for 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 5 percent (5%) of their bid amount with their bid as a performance deposit. The performance deposit 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 six months 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 the 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 sale will be cash, the buyer to accept delivery of the property and to remove the property therefrom by June 27, 2021, which will be the expiration date of said contract. 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 sale.
ONLY CURRENT LICENSED BUYERS OR THEIR REGISTERED AGENTS MAY SUBMIT BIDS. BUYER SHOULD SATISFY HIMSELF AS TO VOLUME IN SALE.
CONTACT OFFICE FOR SPECIAL SALE CONDITIONS. June 12c