Auction Note

LAND LEASE WRITTEN BID AUCTION 307.97 +/- Cropland Acres - Grand Forks County, ND Friday, January 11, 2019 – 5:00 p.m. (CT)   Written Bids Due:  Friday, January 11, 2019 – before 5:00 p.m. (CT)   Mail, Email or Fax Bids to: Pifer’s Auction & Realty ATTN: Eugene Reibel Trust C/o: Paul Butenhoff 1506 29th Ave. S Moorhead, MN 56560 FAX: 218.477.1969 EMAIL: paulb@pifers.com (bid forms are available for download above)     Auction Note:  This land is offered in 4 parcels and written bids will be accepted until 5:00 p.m. (CT) on Friday, January 11, 2019.  Bidding will be based on cropland acres. Highest written bids will have an opportunity to orally raise their bid on Tuesday, January 15, 2019 at 10:00 a.m. (CT) by phone.  Bidders may bid on one or more parcels or all parcels combined. This property features 307.97 acres of cropland with Soil Productivity Indexes between 57.9 to 77.3.    Contact:  Paul Butenhoff at 701.371.1426 (paulb@pifers.com) or Pifer’s Auction & Realty at 877.700.4099 for more information or for a bid form (bid forms are available for download above).       Property Information:   Parcel 1:   Legal: PT of NW¼ Section 9-153-54 Wheatfield Township - Grand Forks County, ND Cropland Acres: 42 +/- Soil Productivity Index: 63 Driving Directions: From Inkster, drive east on CR #1 for approximately a ½ mile.  Turn south on ND Hwy #18 and drive south for 4 miles.  At the intersection of CR #15 drive east one mile.  This will place you at the corner of NW¼ of the property.     Parcel 2:   Legal: W½SW¼ Section 9-154-55 Inkster Township - Grand Forks County, ND Cropland Acres:  79.09 +/- Soil Productivity Index: 57.9 Driving Directions: From Inkster, drive west on CR #1 for approximately 3.5 miles. Turn north at the intersection of 42nd St. NE and drive one mile.  This will place you at the SW corner of the property.       Parcel 3:   Legal: E120 acres of SE¼ Section 18-154-54 Strabane Township - Grand Forks County, ND Cropland Acres: 108.10 +/- Soil Productivity Index: 60.6 Driving Directions: From Inkster, drive east on CR #1 for approximately 1 mile to the intersection of County Rd #1 and State Hwy #18. This will place you at the SE corner of the property.       Parcel 4:   Legal: S½SE¼ Section 7-152-55 Elm Grove Township, Grand Forks County, ND Cropland Acres:  78.78 +/- Soil Productivity Index: 77.3 Driving Directions: From McCanna, drive west 1 mile to 42 St. Turn south on 42st St. and proceed 1 mile to the intersection of 22nd Ave. NE.  This will place you southeast corner of the parcel.         OWNER: Eugene Reibel Trust         Bidding Procedure: All written bids must be received before 5:00 p.m. (CT) on Friday, January 11, 2019. Written bids will be submitted on an annual per acre basis. The top written bids will be invited to the Oral Bidding, and will have an opportunity to raise their bid at a time and place designated by Pifer’s Auction & Realty. Oral Bidding will be on Tuesday January 15, at 10:00 a.m. (CT). Each Oral Bidder will have the opportunity to bid on each parcel individually as well as altogether (Overall).  Each Oral Bidder must bid on at least one parcel individually to qualify for participation in the Overall bidding process. The winning bidder will (upon Landowner acceptance) receive a lease agreement and will be required to return a signed copy to Pifer’s on or before January 28, 2019. Bidders are bidding on a 3-year lease agreement. The agreement will begin on January 1, 2019 and terminate on December 31, 2021. Annual rent will be due on or before March 15th each year of the lease agreement. Top Bidder needs to provide a letter of good standing from their financial instuition The Landowner reserves the right to reject or accept any and all bids. All statements made the day of the Oral Bidding take precedence over all printed materials.   Mail, Email or Fax Bids to: Pifer’s Auction & Realty ATTN: Eugene Reibel, C/o: Paul Butenhoff 1506 29th Ave. S Moorhead, MN 56560 FAX: 218.477.1969 EMAIL: paulb@pifers.com