LENDER ORDERED SEALED BID NOTE SALE AUCTION: BioMass Power Plant & Equipment
Details
20082 Telogia Power Road
Telogia, FL 32360
Inspections
Tuesday, October 26 9:00 am - 1:00 pm
Tuesday, November 9 9:00 am - 1:00 pm
Other Times by Appointment
Bid Deadline
Wednesday, November 17 4:00 pm Sealed Bid Deadline
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Location
Details
Former Telogia Biomass Power Plant
Non-Performing Loan secured by 14.1 MW Power Plant, Support Equipment and 132.46 acres of Land
The Facility was Originally Designed and Built by General Electric in 1985 and was Completely Re-Built in 2009. The Plant is Wood Waste Fueled and has Multiple Conveyors Feeding a Turbine Boiler. The Facility Interconnects with a Duke Energy Substation and Power was Sold to Seminole Electric Cooperative.
PLANT OVERVIEW:
Location: Telogia, Florida (Approx. 45 Minutes S.W. of Tallahassee)
Total Site Size: 132.46 Acres
Technology: E. Keeler Boiler 150,000 PPH, Total Heat Input: 230 Million BTU, Steam Turbine
Fuels: Biomass, Wood Chips, Mill Residues, Hog Fuel, Peanut Hulls
Truck Dumper
Truck Scale
In Service Year: 1985, Upgraded in 1995 with Electrostatic Precipitator, Replacing a Venturi Wet Scrubber, 2009 Boiler Rebuilt.
Capacity: 14.1 MW
Interconnections: 5.28 Miles of 69kV Transmission Lines
Electrical Customer: Seminole Electric Cooperative, Inc. (No Current Electric Power Purchase & Sale Agreement is in Place-Plant is Off-Line)
Site History: Originally Owned/Operated by Reichold Chemical in the 1960's
Utilities: Well, Septic
Rail Spur: A&N Line, Apalachicola Northern
View Drone Video of the site:
The Plant is Now Idle and the Note Will be SOLD During this Sealed Bid Note Sale Auction.
For additional information, please complete this release.
Auction Will Be Sealed Bid Only, No Live Auction Will Take Place at the Property
10% Buyers Premium.
Sealed Bid Offers must be received by Wednesday, November 17 at 4 pm, accompanied by a $40,000 earnest money deposit (cashier's check or wire) payable to Independence Bank and a completed Sealed Bid Form. Bids must be sent via a traceable courier to Maas Companies Inc at 6923 10 Ave SW, Rochester, MN 55902. Sealed Bids are binding and non-revocable. All Bids Subject to Sellers acceptance on or before Thursday November, 18 at 4:00pm ET.
An additional deposit is due within 48 hours bringing the total monies in escrow to 20% of the purchase price. Balance due at closing within 10 days. Howard Toland is attorney overseeing the closing. Deposit monies are earnest monies and non-refundable. Deposits of non-winning bidders will be returned immediately following the auction.
Selling Subject to Owner Confirmation and Subject to Prior Sale.
Selling AS-IS, WHERE-IS WITH NO WARRANTIES, GUARANTEES, EXPRESS OR IMPLIED. All sales are final.
See Bidder Kit for complete terms.
In all transactions, Maas Companies is acting as an Agent for the Seller. Buyers are urged to inspect items prior to purchase. Seller and Auctioneer are not responsible for items. All information received from reliable sources believed to be correct but not guaranteed by the Auction Company.
Diane Maas, President, Maas Companies Inc AB2862
Ronald R. Kirby AU3991
Broker Participation is welcome but not required. A 2% commission will be paid to the licensed broker who, at the time of registration, registers the bidder who pays for and settles for the note/mortgage. A broker buying on his/her behalf, or on behalf of any business entity in which he/she holds an interest, is not entitled to a commission.
Re: LENDER ORDERED SEALED BID NOTE SALE AUCTION: BioMass Power Plant & Equipment
20082 Telogia Power Road
Telogia, FL 32360
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.
