2,600+ ACRE BROOKINGS LAND AUCTION Telkamp Family Sale DAY 3: TRACTS 10-14 Sealed bids due: November 7, 2018 Closed Auction Date: November 15, 2018 IN THE McCrory Gardens Great Room 631 22nd Avenue Brookings, SD Office: (605)893-2003 Americanlandagency.com
Jim L. Anderson Land Broker & Manager Kathryn J. Waring Land Broker & Manager Clay A. Anderson Land Broker (605) 893-2003 www.americanlandagency.com Sale Method NOTE: Seller reserves the right to accept or reject any and all bids, and to waive any defects or irregularities in the bidding process. Announcements made the day of the sale take precedence over written materials. American Land Agency, LLC represents the rights and interests of Seller only. SEALED OFFERS will be accepted until 1:00 P.M. CST on Wednesday, November 7, 2018 at the American Land Agency Office, located at 103 W. 3rd Street, P.O. Box 45, Miller, SD 57362. All offers will be required to be in dollars per taxable acre amounts and bid total. Parties are eligible to make offers on one tract or multiple tracts; however, each tract must have its own American Land Agency Bid Form. Each offer Must contain the following: (1) Offer Amount (signed by Bidder); (2) Name, address, and phone number of Bidder; AND (3) Financial Proof or Bank Letter Sealed bids will be opened November 7th and American Land Agency will attempt to notify all bidders no later than November 8th, 5:00 P.M. via phone numbers provided. *Other than being invited to the Final Private Auction, no other information shall be relayed until the Final Private Auction. FINAL PRIVATE AUCTION will be held at McCrory Gardens in Brookings, SD on the 13th, 14th, 15th, & 16th of November, 2018. Sale dates and times are listed in the packet for each tract. The Five (5) Highest Bidders from each Tract will be invited to the private closed auction and be given the opportunity to raise their offer at this time. The minimum raise amount will be $50.00 per acre. No absentee or telephone bids will be accepted without prior approval. Any Buyer s Agency or Agent representing a Buyer must be disclosed in writing on American Land Agency, LLC s Sealed Bid Form prior to submission; furthermore, any Buyer s Agency compensation shall be the sole responsibility of Buyer.
Jim L. Anderson Land Broker & Manager Kathryn J. Waring Land Broker & Manager Clay A. Anderson Land Broker Sale Terms & Conditions (605) 893-2003 www.americanlandagency.com NOTE: All information contained herein is deemed reliable from credible sources, however, Seller and Seller s agent make no guarantees. Any Buyer s decision to bid shall be based solely on Buyer s efforts to gather and analyze each parcel s respective data. Tracts have not been surveyed, so neither Seller nor its agent make any warranties as to the exact acres contained thereon. Sale is based on taxable acres as listed herein. Seller accepts no contingencies in this sale, including but not limited to Buyer s ability to secure financing. All Buyers must have all financial arrangements in order prior to sending in their sealed bid offer and proof of financing or bank s letter of approval. All tracts are sold As Is and subject to any rights, easements, restrictions and reservations of record. The day of the final private auction, successful bidders will be required to execute a purchase agreement and write a 10% earnest money/down payment check made payable to American Land Agency Trust Account where it will be held until closing. Such earnest money/down payment is not refundable, and Buyer s acknowledge by bidding at this sale that time is of the essence regarding any executed purchase agreement. Closing Dates shall take place no later than February 1, 2019. Brookings County Title Company will be handling the closings of this sale. Title insurance and the closing fee shall be split 50% Seller, 50% Buyer. Transfer fee and Deed costs shall be paid for by Seller. Deed Recording is paid for by Buyer. Sale Method terms & Conditions Seller shall retain any 2018 Lease Proceeds & Property Taxes shall be prorated to the date of closing.
Jim L. Anderson Land Broker & Manager Kathryn J. Waring Land Broker & Manager Clay A. Anderson Land Broker (605) 893-2003 www.americanlandagency.com Tract 10 SE 1/4 Exc. S 700 of W 796 12-110-50 Sale Date & Time Thursday, November 15th Registration time: 8:40 A.M. Sale time: 9:00 A.M. Sharp Productivity Index Weighted Average 73 Taxable Acres 147.21
Lease Information Lessee: South Dakota State University / Agricultural Experiment Station Lease Expiration: February 28, 2019 Lessee Rent: $200.00 / 137.34 Acres Tract 10 Annual Amount: $27,468.00 Payment Schedule: Semi Annual (March 1 & November 1) *See lease copy in PDF packet on our website: americanlandagency.com
Jim L. Anderson Land Broker & Manager Kathryn J. Waring Land Broker & Manager Clay A. Anderson Land Broker (605) 893-2003 www.americanlandagency.com Tract 11 Barnett Add. Lots 3,4,5 NW 1/4 8-110-49 Sale Date & Time Thursday, November 15th Registration time: 10:10 A.M. Sale time: 10:30 A.M. Sharp Productivity Index Weighted Average 41 Taxable Acres 94.18
no prior lease Information Tract 11
Jim L. Anderson Land Broker & Manager Kathryn J. Waring Land Broker & Manager Clay A. Anderson Land Broker (605) 893-2003 www.americanlandagency.com Tract 12 SW1/4 EXC. Lot 1 of Barnett Add. & EXC. H-1 & Exc. Lot 1 Telkamp ADD. 8-110-49 Sale Date & Time Thursday, November 15th Registration time: 11:40 A.M. Sale time: 12:00 P.M. Sharp Productivity Index Weighted Average 71.4 Taxable Acres 126.6
Lease Information Lessee: David Rochel Lease Expiration: Dec. 31, 2019 Lessee Rent: $245.00 / 102.06 Acres Annual Amount: $25,004.70 Tract 12 Payment Schedule: Semi Annual (March 1 & October 1) * Taxable acres was 131.1; however, due to a 4.5 acre (more or less) plat involving Lot 1 Telkamp Addition, recorded on 9/25/18, the property taxes shall need to be adjusted accordingly, which Seller makes no warranties as to when the county s taxes will be updated. * New drainage tile installed in 2017. Maps & more information available upon request. * See lease copy in PDF packet on our website: americanlandagency.com
Jim L. Anderson Land Broker & Manager Kathryn J. Waring Land Broker & Manager Clay A. Anderson Land Broker (605) 893-2003 www.americanlandagency.com Tract 13 NW1/4 Exc. S 208 of W 208 & Exc. Lot H-1 & Exc. lot 1 Telkamp Add. 17-110-49 Sale Date & Time Thursday, November 15th Registration time: 1:10 P.M. Sale time: 1:30 P.M. Sharp Productivity Index Weighted Average 70.1 Taxable Acres 151.28
Lessee: David Rochel Lease Information Lease Expiration: Dec. 31, 2019 Lessee Rent: $245.00 / 77.5 Acres Annual Amount: $18,987.50 Tract 13 Payment Schedule: Semi Annual (March 1 & October 1) * Taxable acres was 157.98; however, due to a 6.7 acre (more or less) plat involving Lot 1 Telkamp Addition, recorded on 9/25/18, the property taxes shall need to be adjusted accordingly, which Seller makes no warranties as to when the county s taxes will be updated. * New drainage tile installed in 2017. Maps & more information available upon request. * See lease copy in PDF packet on our website: americanlandagency.com
Jim L. Anderson Land Broker & Manager Kathryn J. Waring Land Broker & Manager Clay A. Anderson Land Broker (605) 893-2003 www.americanlandagency.com Tract 14 NE 1/4 Exc. H-1 & H-2 18-110-49 Sale Date & Time Thursday, November 15th Registration time: 2:40 P.M. Sale time: 3:00 P.M. Sharp Productivity Index Weighted Average 72 Taxable Acres 149.13
Lease Information Lessee: David Rochel Lease Expiration: Dec. 31, 2019 Lessee Rent: $245.00 / 149 Acres Annual Amount: $36,505.00 Tract 14 Payment Schedule: Semi Annual (March 1 & October 1) * New drainage tile installed in 2017. Maps & more information available upon request. * See lease copy in PDF packet on our website: americanlandagency.com
Jim L. Anderson Land Broker & Manager Kathryn J. Waring Land Broker & Manager Clay A. Anderson Land Broker (605) 893-2003 www.americanlandagency.com On behalf of the Telkamp & American Land Agency Families, we Sincerely Appreciate your participation in our Land Sale! Please join us at our Next Land Sale: Yinger Family Land Sale involving approximately 1,681 taxable acres located in Hand County, South Dakota. This exceptional farmland is located on HWY 45 & HWY 14 and the surrounding Miller/Polo area. (Bids Due 12/5/2018)