COURT ORDERED ETHANOL PLANT AUCTION $220 Million Dollar/110 MGY Partially Completed Ethanol Plant on 268± Acres
Details
Inspections
Monday, September 28, 10 am to 5 pm
Tuesday, September 29, 10 am to 5 pm
Monday, October 26, 10 am to 5 pm
Tuesday, October 27, 10 am to 5 pm
Other times available by appointment.
Bid Deadline
Thursday, October 29 10:00 am
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Details
Plant is Approximately 50% Complete - All Equipment is New!
The majority of the equipment is still in the box or on the pallet it arrived on!!
Construction began in 2006 and was halted in November 2007.
Process Technology and Design by Delta-T.
Items purchased at the auction will be available for removal beginning Thursday, October 29 at 9:00 am. Most lots are subject to removal costs; all rigging costs are separate from the bid price and are the responsibility of the buyer.
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Catalog Addendum
Rigging Estimates
Tax Exemption: If you are tax exempt, please download Nebraska Form 13 and present it at registration. Some items may not be eligible for tax exemptions.
Press Releases:
See Full Terms.
EQUIPMENT TERMS: 7% Buyer Premium for pre-auction entirety purchase of real estate and equipment. 10% Buyer Premium for pre-auction entirety purchase of equipment only. 10% On-Site Buyer Premium. 13% Internet Buyer Premium. Payment due at time of sale. Payment is payable to Altra Nebraska, LLC by cash, wire transfer (posting no later than Thursday, October 29, 2009 at 3 PM) or check with a letter of guarantee. (A sample letter, if needed, is available for download here.) #broken
Nothing will be removed before Thursday, October 29, 2009 or paid in full. Small items must be removed within 7 days or are subject to forfeiture. Larger items require a rigging commitment within 7 days. Sales tax may apply. Buyers with exemption status must document this status AT THE TIME OF REGISTRATION. All sales final. Everything is sold AS-IS, WHERE-IS with no warranties or guarantees, express or implied. Buyers are urged to inspect the items prior to sale. Seller and Auctioneer are not responsible for items. In the event of a dispute, Auctioneer will have the final decision. All information received from reliable sources believed to be correct but not guaranteed by Auction Company. Any announcement made at the auction will take precedence over any material published about this event. Auctioneer is agent for Seller. Valid Government issued photo id required to obtain bidding number. Equipment Subject to Prior Sale.
REAL ESTATE TERMS: 7% Buyer Premium for pre-auction entirety purchase of real estate and equipment. 10% Buyer Premium at auction. Persons must show $100,000 in certified funds at time of registration to obtain a bidding number. $100,000 Minimum Certified Deposit due on Day of Sale, with a deposit equal to 10% of the total purchase price due within 2 business days, and balance due at closing within 30 days or earlier, as designated by the Court. Deposits are non-refundable. Attorney Bob Dailey, McGrath, North, Mullin & Krutz PC LLO is coordinating the closing. Real Estate is selling AS-IS, WHERE IS, WITH NO WARRANTIES OR GUARANTIES EXPRESSED OR IMPLIED. See Bidder Kit for complete terms. In all transactions, auctioneer is acting as an Agent for the Seller. All information received from reliable sources believed to be correct but not guaranteed by auction company. Any announcement made at the auction takes precedence over any material published about this event. Valid Government issued photo id required to obtain bidding number. Property Subject to Prior Sale.
US Bankruptcy Court - District of Nebraska, Chapter 11 Case No. 09-42348.
Re: COURT ORDERED ETHANOL PLANT AUCTION $220 Million Dollar/110 MGY Partially Completed Ethanol Plant on 268± Acres
To Whom It May Concern: Pursuant to your request, please sign and date this release to receive documents relating to the above noted property. The Seller did not prepare these documents and has no knowledge of their accuracy or completeness. None of the documents shall constitute a representation or warranty of any kind by Seller as to the accuracy or completeness of any information delivered. Accordingly, Seller expressly disclaims any responsibility therefor, including any consequences of any reliance by anyone on them. Please note that the documents and the information contained therein are confidential, and by acknowledging receipt, you agree to keep such information confidential and that you shall not, without the prior written consent of Seller, share any of the documents with anyone other than Potential Buyer and representatives of Potential Buyer who need such information for the purpose of evaluating the premises and who are informed of the confidential nature of the information and also agree to be bound by the terms of this confidentiality provision. By this acknowledgement, you further agree that you will return to me the originals and any copies of the materials forthwith upon demand if the contemplated transaction is not consummated. Please do not hesitate to contact our office with any questions you may have.
