Selmier State Forest, Timber Sale

Notice

Notice is hereby given that at 10:00 a.m. on the 8th day of July, 2008, 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: Stumpage containing an estimated 194,590 board feet (Doyle) in 533 trees with 33 culls with no volume, at a public sale to be held in the office of Selmier State Forest located at 905 E. County Rd. 350 N., North Vernon, Indiana 47265, (812) 346-2286.

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 (.05) of their bid amount at the time of bid opening as a performance deposit. The performance deposit amount is not part of the total bid payment, but is a separate payment to ensure compliance with contract provisions.

The property will be sold under written contract to the responsible bidder making the highest bid, provided the bid is acceptable to the state. The terms of the sale will be cash, the buyer to accept delivery of the property and to remove the property therefrom on or before the 30th day of June 2010. The state reserves the right to accept and/or reject any and/or all bids. Failure by the highest acceptable bidder to execute said written contract within 14 calendar days from the date of bid opening will result in forfeiture of the performance deposit. The Department (at its discretion) reserves the right to rebid the sale and contract provisions.

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

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