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Leyner Cottonwood Consolidated Ditch Water AuctionSUCCESSFUL AUCTION

THE LEYNER COTTONWOOD CONSOLIDATED DITCH (80 SHARES) WATER RIGHT AUCTION - Lafayette, CO

Description

SOLD! High Bids totaling $229,250 - CLOSED 9/14/18

The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. Reck Agri Realty & Auction and the Seller assumes no responsibility for the omissions, correconline only log intions, or withdrawals. The prospective Buyer(s) should verify all information contained herein and rely on their own conclusions. All the water rights are being sold AS IS-WHERE IS, without warranty, representation or recourse to Seller. Reck Agri Realty & Auction and all other agents of Broker are or will be acting as a Transaction Broker.

Announcements made by Reck Agri Realty & Auction, at the time of sale will take precedence over any previously printed material . Reck Agri Realty & Auction does not offer broker participation for the "THE LEYNER COTTONWOOD CONSOLIDATED DITCH WATER RIGHT AUCTION". Reck Agri Realty & Auction reserves the right to require bank references upon request and reserves the right to refuse bids from any bidder. Bidding increments are at the discretion of the Broker.

SALE TERMS/PROCEDURE: "THE LEYNER COTTONWOOD CONSOLIDATED DITCH WATER RIGHT AUCTION" is an ONLINE ONLY water right auction with RESERVE. The water shares to be offered in 30 Water Lots and will be offered in the sale order as stated within the brochure. Competitive bids will determine outcome and the Seller to enter into a contract to purchase with the highest bidder(s). Seller agrees not to accept and negotiate any contracts to purchase prior to auction date. Bids Will be taken for total purchase price not price per share.

ONLINE BIDDING PROCEDURE:
The Leyner Cottonwood Consolidated Ditch shares  will be offered for sale in 30 water lots. BIDDING WILL BE ONLINE ONLY. Bidding will begin @ 8:00 am MT on Friday, May 4, 2018. The auction will “soft close” @ 12:00 noon, MT on Wednesday, May 9, 2018. Bidding will continue in 5 minute increments until 5 minutes have passed with no new bids. Bidding remains open on all water lots as long as there is continued bidding on 1 or more of the water lots. Bidding will close when 5 minutes have passed with no new bids on 1 or more of the water lots. Bidders may bid on any and/or all water lots at any time before bidding closes.
 
To bid at the online auction:
1. Download RECK AGRI MOBILE APP through the Apple App Store or Google Play OR visit www.reckagri.com and click on “THE LEYNER COTTONWOOD  CONSOLIDATED DITCH WATER RIGHT AUCTION" property page to register to bid.
2. Your registration must be approved by Reck Agri Realty & Auction before you may bid. See Bidder Requirements below.
3. If you have questions regarding the bidding process and/or registration, call Reck Agri Realty & Auction at 970-522-7770.

 
BIDDER REQUIREMENTS:
Requirements for Buyer(s) to be approved to bid online: 1.) Review and agree to the terms and conditions of the detail brochure; 2.) Provide Reck Agri Realty & Auction verification of available funds to purchase the property and/or bank loan approval letter with no contingencies; and 3.) Sign and return to Reck Agri Realty & Auction the Bidder Approval Request form. Reck Agri Realty & Auction reserves the right to refuse registration to bid and/or bids from any bidder. Bidding increments are at the discretion of the Broker. Detail Brochure may be obtained by visiting “THE LEYNER COTTONWOOD CONSOLIDATED DITCH WATER RIGHT AUCTION" property page at www.reckagri.com or by calling Reck Agri Realty & Auction.

SIGNING OF PURCHASE CONTRACT:
Immediately following the conclusion of the auction, the highest bidder(s) will sign Brokerage Disclosure and will enter into and sign a Contract to Buy and Sell for the amount of the bid. Required earnest money deposit to be in the form of a personal, business, or corporate check for 15% of the purchase price which is due upon the signing of the contract and to be deposited with Reck Agri Realty & Auction. Purchase contract will not be contingent upon financing.  Terms and conditions of the detail brochure and oral announcements shall be incorporated and made a part of the contract. Sample contract is  available within the detail brochure.

CLOSING: Buyer(s) shall pay in electronic funds transfer or cashier's check (Good Funds), the balance of purchase price plus their respective closing costs, and sign and complete all customary or required documents at closing, which is on or before September 14, 2018. Closing to be conducted by Reck Agri Realty & Auction. Seller to pass title free of all liens and encumbrances by Assignment of Water Right Stock Certificate. Buyer(s) to pay the Stock Certificate Transfer Fee.

POSSESSION:
Possession upon closing.

WATER RIGHTS:  The water rights appurtenant to the stock certificates are subject to the rules, regulations, and limitations of the Colorado Department of Water Resources and The Leyner Cottonwood Consolidated Ditch Co. The sale and transfer of the Leyner Cottonwood Consolidated Ditch Company’s shares is subject to the Ditch Company’s first right of refusal to match the purchase price of the shares to be transferred within 90 days of the receipt of notice of proposed sale. No shares sell unless all shares sell. The sellers have no knowledge of the historic usage of said shares and said shares are being sold AS IS-WHERE IS without warranty or guarantee of any water right matters, historic use, consumption use, adequacy and/or delivery of ditch water, reservoir storage, and stream flows.

COPYRIGHT NOTICE: Photographs, video tapes, and Color & Detail Brochures are property of Reck Agri Realty & Auction and cannot be reproduced without permission.

THE LEYNER COTTONWOOD CONSOLIDATED DITCH (80 SHARES) WATER RIGHT ONLINE ONLY AUCTION
Bidding Opens: Friday, May 4, 2018 8:00 a.m. MT
Bidding Closes: Wednesday, May 9, 2018  12:00 noon MT

BUYER’S INFORMATIONAL MEETING

Monday, April 30, 2018 @ 12:30 pm MT
Lafayette Public Library, Lafayette, CO

AUCTION BID CLOSING

Watch and/or submit bids at the Bid Closing
Wednesday, May 9,  2018 from 10 :00 am - Noon MT
Hampton Inn, 317 Exempla Circle, Lafayette, CO

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SOLD! High Bids Totaling $229,250

Quick Facts

  • THE LEYNER COTTONWOOD CONSOLIDATED DITCH (80 SHARES) WATER RIGHT ONLINE ONLY AUCTION
  • SOLD!
  • Bidding Closed: Wednesday, May 9, 2018 12:00 noon MT
  • AUCTION BID CLOSING: Watch and/or submit bids at the Bid Closing Wednesday, May 9, 2018 from 10:00 am - Noon MT at the Hampton Inn , 317 Exempla Circle, Lafayette, CO