NOTICE OF LAND SALE. -- Brewer Family Timberlands Package 3 -- Bid Date: Friday, October 6, 10:00 A. M.
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1 P.O. Box Greenfield Drive Monticello, AR (870) FAX Other Kingwood Locations: P.O. Box 65 No. 4 Executive Circle Arkadelphia, AR (870) FAX P.O. Box Galleria Oaks Texarkana, TX (903) FAX Listing # NOTICE OF LAND SALE -- Brewer Family Timberlands Package 3 -- Bid Date: Friday, October 6, 10:00 A. M. Immediate and Long Term Timberland Investment Property Kingwood Forestry Services, Inc. has been authorized to manage the sale of 86 acres, more or less, located in Drew County, Arkansas. The property is being sold by sealed bid sale on Friday, October 6, 2017 at 10:00 A. M. KFS # Carpenter Tract Location: The Carpenter Tract is located.25 mile north of the Ashley and Drew County Line approximately halfway between Monticello and Hamburg. The property is described as the fractional north part of NW¼ of the SE¼ of Section 18, Township 15 South, Range 7 West, Drew County, Arkansas, containing 36 acres, more or less. Property Description: Timber stands on the property consist of approximately 12.6 acres of pine and hardwood sawtimber and hardwood pulpwood along the drains and 23.4 acres of 2013 seed tree harvest area that contains scattered pine seed trees and pine and hardwood reproduction. This property offers excellent hunting opportunities. The topography is flat. Per the NRCS Web Soil Survey the predominant soils are somewhat poorly drained to poorly drained silt loam soils with an expressed average native site index for loblolly pine of 90 feet (Base Age 50). Timber Inventory: Kingwood Forestry Services, Inc. conducted a timber inventory cruise of the property in June of The inventory cruise of the merchantable timber consisted of 10, 15 BAF sample points. Trees were tallied 1 in diameter classes by species and product. Volumes were calculated using locally accepted volume tables. Following is a summary of estimated tree counts and timber volumes. Summarized timber reports are included in the notice. Merchantable Timber Pine 70 Trees 140 Tons 20,746 Red Oak 36 Trees 40 Tons 5,761 Sweetgum 14 Trees 28 Tons 5,135 Pine Topwood 9 Tons Hardwood Pulpwood 897 Trees 259 Tons Due to variations associated with sampling utilization standards and practices, the above tree count and timber volumes cannot be guaranteed.
2 KFS # Panther Creek Tract Location: The Panther Creek Tract is located approximately halfway between Monticello and Hamburg. The property is described as the S½ of the S½ of the SW¼ of the SW¼ of Section 12, Township 15 South, Range 8 West, containing 10 acres more or less; and the NW¼ of the NW¼ of Section 13, Township 15 South, Range 8 West, containing 50 acres more or less; Drew County, Arkansas. Property Description: Timber stands on the property consist of approximately 18.6 acres of hardwood pulpwood and small sawlogs, 13.4 acres of 2015 pine plantation, and 2013 clearcut that has naturally regenerated and 18 acres of 2012 clearcut that is coming back in hardwood reproduction. The northwest corner of the property borders Panther Creek. This property offers excellent hunting opportunities. The topography is flat to gently rolling. Per the NRCS Web Soil Survey the predominant soils are well drained silt loam soils with an expressed average native site index for loblolly pine of 94 feet (Base Age 50). Timber Inventory: Kingwood Forestry Services, Inc. conducted a timber inventory cruise of the property in July of The inventory cruise of the merchantable timber consisted of 21, 15 BAF sample points. Trees were tallied 1 in diameter classes by species and product. Volumes were calculated using locally accepted volume tables. Following is a summary of estimated tree counts and timber volumes. Summarized timber reports are included in the notice. Merchantable Timber Red Oak 49 Trees 71 Tons 10,238 White Oak 95 Trees 103 Tons 14,654 Sweetgum 152 Trees 193 Tons 27,565 Misc Hardwood 93 Trees 99 Tons 15,467 Hardwood Pulpwood 1,213 Trees 300 Tons Due to variations associated with sampling utilization standards and practices, the above tree count and timber volumes cannot be guaranteed. Method of Sale for the Brewer Family Timberlands Package 3 Land Sale The property will be sold on the basis of lump sum sealed bids. A bid form is attached. Mailed bids should be addressed to Kingwood Forestry Services, Inc., P.O. Box 1290, Monticello, AR Brewer Family Timberlands Package 3 Land Sale" should be clearly marked in the lower left corner of the envelope to protect security of the bid. Bids may be delivered by fax to All fax bids will be immediately acknowledged. Please await confirmation that your fax bid has been received. No verbal telephone bids will be accepted. Bids will be opened at the Kingwood Forestry office at 145 Greenfield Drive, Monticello, Arkansas at 10:00 A.M., Friday, October 6, Buyers submitting bids are welcome to attend the bid opening. Anyone submitting a bid for the purchase of the property will be provided with a summary of bid results. Conditions of Sale continued on the next page
3 Conditions of Sale for Brewer Family Timberlands Package 3 Land Sale Bid Date: Friday, October 6, 2017, 10:00 A.M. 1. The owners reserve the right to accept or reject any offer or to refuse all offers and sell in a manner which they determine will be most advantageous to them. 2. Offers submitted must be valid through 5:00 P.M., Wednesday, October 11, Successful bidder(s) will be notified at or before that time by telephone, fax or . Upon acceptance of an offer a more formal Contract of Sale, with earnest money in the amount of 10% of purchase price, will be executed between the successful bidder and the landowner within five business days. A sample Contract of Sale may be provided in advance upon request. Terms are cash at closing. Closing is expected to be held within thirty days of offer acceptance. 3. Only offers for a specific dollar amount will be accepted. The property is being sold in its entirety for single sum(s) and not on a per acre basis. Advertised acreage is believed to be correct, but it is not guaranteed. Offer prices are for the entire tract, regardless of acreage. The attached maps are thought to be accurate but should not be considered as survey plats. 4. Conveyance will be by Warranty Deed, subject to all previous mineral conveyances, reservations and exceptions, to any valid rights of way, easements, leaseholds and to any protective covenants or restrictions, which may have been recorded affecting the property, with title assured through a Title Insurance Policy at the seller s expense. No environmental inspection or representation has been or will be made by seller. All mineral rights that are owned by the seller will be conveyed to the buyer. 5. Seller will pay pro-rated property taxes (to date of closing) and one half (½) of the deed stamps. Seller will pay for deed preparation and one half (½) of the deed stamps. 6. A local title company will conduct the closing with buyer paying recording fees and all of the fees associated with closing services. 7. Property inspections shall be done in daylight hours prior to the bid date stated in this notice. Seller and Kingwood Forestry Services, Inc. in no way warrants the conditions of the property, including access routes, and all persons entering upon the property assumes all risk and accept said property in its existing conditions during such inspection and assume all liability and shall indemnify Seller and its agents from and against all damages to property, claims, demands, or causes of action of every kind, nature and description relating to its access to or presence on the property. Access routes provided in this notice are for inspecting purposes only and do not represent legal easements to the property. 8. Hunting equipment (such as deer stands, feeders, trail cameras, etc.) and any other man-made items found on the property do not convey unless stated otherwise. 9. Kingwood Forestry is the real estate firm acting as agent for the seller. All information presented in this prospectus is believed to be accurate. Prospective buyers are advised to verify information presented in this sale notice. Each bidder should make their own timber volume determination. 10. Questions regarding the land sale should be directed to licensed brokers John McAlpine or Rick Watts at Color Aerial Photograph, Location Map, and Tract Pictures Are Available at:
4 LAND FOR SALE KFS # 1478 Carpenter Tract +/-36 acres Section 18, Township 15 South, Range 7 West, Drew County, AR KFS # 1479 Panther Creek Tract LOCATION MAP +/-50 acres Section 12, 13, Township 15 South, Range 8 West, Drew County, AR Drew Deer Camp KFS #1479 KFS #1478 Bradley DIRECTIONS: From the intersection of U.S. Hwy 425 and the Drew/Ashley County Line, travel North 1 mile to Friendship Lane, which is located on the west side of the highway. Ashley Turn West onto Friendship Lane and travel 3/4 mile to the intersection with a high voltage transmission line. Historical access to both tracts is a native surface woods road that runs along the transmission line R/O/W. For the KFS #1478 Carpenter Tract: At the intersection with the transmission line turn Southwest and travel approximately.7 mile to Kingwood Forestry Services "Land for Sale" which is located on the East side of the road. Turn East and follow the pink Kingwood Forestry Services flagging approximately.8 mile to a Kingwood Forestry Services "Land for Sale" sign which is located just North of the south property line. For the KFS #1479 Panther Creek Tract: At the intersection with the Transmission2013 line Esri, turn Southwest travel approximately.3 mile to Kingwood Copyright: DeLorme, and NAVTEQ, TomTom, Source: Esri, DigitalGlobe, GeoEye, Geographics, CNES/Airbus DS,side USDA, Forestry Services "Land Earthstar for Sale" sign which is located on the West of the road. USGS, AEX, Getmapping, Aerogrid, IGN,Forestry IGP, swisstopo, and theapproximately GIS User Turn West and follow the pink Kingwood Services flagging Community, HERE, DeLorme, MapmyIndia, OpenStreetMap 1.4 miles to Esri, a Kingwood Forestry Services "Land for Sale" sign which marks the contributors southeast corner of the property. 0 1 Miles ² Author: RLW Date: 8/1/2017
5 Listing #1478 LAND FOR SALE Carpenter Tract +/-36 acres Section 18, Township 15 South, Range 7 West, Drew County, AR 8 12 KFS 7 "Land For Sale Sign" _ Hunting Camps Friendship Ln KFS "Land For Sale Sign" Highway 425 S T15S-R8W T15S-R7W KFS "Land For Sale Sign" Logging Road Flagged with Pink KFS Flagging ATV/UTV Accessible Legend Pine/Hdw ST Scatterd Pine ATV Access! Transmission Line 20 Ashley Road 481 Hudson Rd Highway 425 N Slocum Rd Miles ² Author: RLW Date: 7/21/2017
6 Stratum: Carpenter - 2 Acres: Plots: Cruiser: bbradley Kingwood Forestry Services, Inc 145 Greenfield Drive Monticello, AR Phone: Fax: Website: KFS # 1478 Carpenter monticello@kingwoodforestry.com Cruise Date: 06/29/2017 Cruise Type: Point Plot Size/BAF: Sweetgum Sweetgum Stratum Total Per Acre Tons Cu. Ft. IB BA Trees , , Total , Sweetgum Total , Sweetgum Total , Red Oak Red Oak Spp. Stratum Total Per Acre Tons Cu. Ft. IB BA Trees , , Total , , Red Oak Spp. Total , , Red Oak Total , , Page 1 of 3
7 Stratum: Acres: Plots: Cruiser: Carpenter bbradley KFS # 1478 Carpenter Cruise Date: 06/29/2017 Cruise Type: Point Plot Size/BAF: Pine Natural Lob Stratum Total Per Acre Large Logs Tons Cu. Ft. IB BA Trees , , , , , Large Logs Total , , Tons Cu. Ft. IB BA Trees , Total , , Topwood Tons Cu. Ft. IB BA Trees Tons Cu. Ft. IB SL CFT/Ft Topwood Total Height 0.0 Natural Lob Total , , , Pine Total , , , Misc. Hardwood Misc. Hardwood Stratum Total Per Acre Pulpwood Tons Cu. Ft. IB BA Trees Page 2 of 3
8 Stratum: Acres: Plots: Cruiser: Carpenter bbradley KFS # 1478 Carpenter Cruise Date: 06/29/2017 Cruise Type: Point Plot Size/BAF: Misc. Hardwood Misc. Hardwood Stratum Total Per Acre Pulpwood Tons Cu. Ft. IB BA Trees , , , Pulpwood Total , Misc. Hardwood Total , Misc. Hardwood Total , Stratum Total 9.8 1,017 31, , , , Page 3 of 3
9 Listing #1479 LAND FOR SALE Panther Creek Tract +/-50 acres Section 12 & 13, Township 15 South, Range 8 West, Drew County, AR State Hwy 133 P a nther Creek Hunting Camps KFS "Land For Sale Sign" KFS "Land For Sale Sign" _ T15S-R8W Logging Road Flagged with Pink KFS Flagging ATV/UTV Accessible 18 T15S-R7W Legend 2013 Pine Pltn Hdwd ST Pre-Merch Nat Regen ATV Access! Transmission Line Miles ² Author: RLW Date: 7/21/2017
10 Stratum: Panther Creek - 3 Acres: Plots: Cruiser: Unknown Kingwood Forestry Services, Inc 145 Greenfield Drive Monticello, AR Phone: Fax: Website: KFS # 1479 Panther Creek monticello@kingwoodforestry.com Cruise Date: 06/29/2017 Cruise Type: Point Plot Size/BAF: White Oak White Oak Spp. Stratum Total Per Acre Tons Cu. Ft. IB BA Trees , , , , , , , , Total , , White Oak Spp. Total , , White Oak Total , , Sweetgum Sweetgum Stratum Total Per Acre Tons Cu. Ft. IB BA Trees , , Page 1 of 5
11 Stratum: Acres: Plots: Cruiser: Panther Creek Unknown KFS # 1479 Panther Creek Cruise Date: 06/29/2017 Cruise Type: Point Plot Size/BAF: Sweetgum Sweetgum Stratum Total Per Acre Tons Cu. Ft. IB BA Trees , , , , , , , , Total , , Sweetgum Total , , , , Sweetgum Total , , , Red Oak Red Oak Spp. Stratum Total Per Acre Tons Cu. Ft. IB BA Trees , , , , , , Total , , Page 2 of 5
12 Stratum: Acres: Plots: Cruiser: Panther Creek Unknown KFS # 1479 Panther Creek Red Oak Cruise Date: 06/29/2017 Cruise Type: Point Plot Size/BAF: Red Oak Spp. Total , , Red Oak Total , , Misc. Hardwood Ash Stratum Total Per Acre Tons Cu. Ft. IB BA Trees , Total , Ash Total , Elm Stratum Total Per Acre Tons Cu. Ft. IB BA Trees Total Elm Total Hickory Stratum Total Per Acre Tons Cu. Ft. IB BA Trees , , , , , Page 3 of 5
13 Stratum: Acres: Plots: Cruiser: Panther Creek Unknown KFS # 1479 Panther Creek Cruise Date: 06/29/2017 Cruise Type: Point Plot Size/BAF: Misc. Hardwood Hickory Stratum Total Per Acre Total , , Hickory Total , , Misc. Hardwood Stratum Total Per Acre Tons Cu. Ft. IB BA Trees , Total , Pulpwood Tons Cu. Ft. IB BA Trees , , , , , Pulpwood Total 8.4 1, , Misc. Hardwood Total 8.6 1,238 2, , Misc. Hardwood Total 9.2 1,305 15, , Page 4 of 5
14 KFS # 1479 Panther Creek Stratum Total ,601 67, , , , Page 5 of 5
15 LAND SALE BID FORM Brewer Family Timberlands Package 3 Land Sale Listing #s 1478, 1479 Bid Date: Friday, October 6, 10:00 A.M. Please fax bid to , mail to P. O. Box 1290, Monticello, AR or hand deliver to 145 Greenfield Drive, Monticello, AR Reference is made to the Kingwood Forestry Services, Inc. Notice of Land Sale for the Brewer Family Timberlands Package 3(Listing #s 1478, 1479). I submit the following as offer(s) for the purchase of the tract described as the Brewer Family Timberlands Package 3 located in Drew County, Arkansas and further described as: My offer will remain valid through 5:00 p.m. Wednesday, October 11, Successful bidder(s) will be notified at or before that time by telephone, fax, or . If my offer is accepted, I am ready, willing, and able to execute a formal Contract of Sale within seven (7) business days with earnest money in the amount of ten percent (10%) of the purchase price. Closing is expected to be held within thirty (30) days after execution of the Contract of Sale. Carpenter Tract (Listing #1478): +/- 36 Acres located in Drew County, Arkansas I submit the following bid: Bid Amount: $ Panther Creek Tract (Listing #1479): +/- 50 Acres located in Drew County, Arkansas I submit the following bid: Bid Amount: $ #1478 Carpenter & #1479 Panther Creek Tracts Combined: I submit the following bid: Bid Amount: $ Send Offer Form to: Kingwood Forestry Services, Inc. P.O. Box 1290 Monticello, AR Or Hand Deliver to: 145 Greenfield Drive Or Fax Form to: Monticello, AR Bidder: Bidder: Printed Signed Fax Number: Phone Number: Address: Date: *Buyer acknowledges that Kingwood Forestry Services, Inc. is the agent of the seller in this land sale transaction.*
REVISED NOTICE - MAY 12, 2016 (maps revised from previous version) NOTICE OF LAND SALE
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