SOLD

County: Sullivan

State:   Indiana

Date:   Friday, August 26, 2016 @ 10:00 AM EDT (Indianapolis time).  Bid opening will be at the northwest corner of the property at the Quonset hut.  See map on back.

Type of Sale:  Sealed or phone bids.  Twenty-five percent down at contract signing, balance due before logging begins.  Since this property is permitted for surface mining, the harvest must abide by the “Bat Rule”, which allows the cutting of trees to only occur between October 1^st and April 1^st.  Buyer will have until December 31, 2016 to remove the timber in area A and March 31^st, 2017 to remove the timber in area B.

Owner:  Lucky Dutchman LLC  (Roger King)

Location:  Approximately 5 miles east of Carlisle or 6.5 miles north of Freelandville in the S¼, SW¼, Sec. 9 and the N½, NW¼, the W½, NE¼, and the NE¼ , SW¼ , Sec. 16, T6N, R8W in Jefferson Township.  From the intersection of US 41 and SR 58 in Carlisle, go east on SR 58 for 0.3 miles to Alexander St.  Turn left on Alexander and go 0.2 miles (3 blocks) to Hackett St.  Turn right on Hackett.  Hackett turns into the Carlisle-Pleasantville Rd.  Stay on this road for 4.9 miles to the intersection with CR 500 E.  At this point the King property is to the east and south of this intersection.  The bid opening will be at the Quonset hut.  See map.

Contact:          Multi-Resource Management, Inc., 4870 N Park Lane Dr., Petersburg, IN  47567

e-mail:  multiresource@frontier.com

Thom Kinney  812-483-4818 (C)  812-354-6472 (H)

Doug Brown  812-639-9724 (C)    812-326-2243 (H)

Remarks:  This property is to be surfaced-mined for coal, thus this sale is a clearcut where all the trees on the property will be included in the sale. The tally below is a 100% inventory of all merchantable trees 14 inches DBH and larger (with the exception of 30- 13 inch DBH walnut trees that were also tallied).  All trees in the tally were marked with a small spot of paint at breast height.  Seller reserves the right to accept or reject any or all bids.  The owner and their agents make no guarantees of the board feet, number, or quality of trees listed in the timber tally.  Bidders are urged to satisfy themselves as to type, quality, and quantity of timber offered for sale.  Buyer must have an Indiana timber buyer’s license.  Purchaser will be required to carry general liability insurance & workers’ compensation.   A summary of diameter and volume distributions by species for the entire sale and for each of the 4 stands, are available upon request

 TIMBER TALLY

* Misc. includes 1 Bur Oak, 7 River Birch, 7 Pin Oak, 3 Sweetgum, 1 Blackgum, 1 Honeylocust, and 1 Persimmon.