Iron Horse Forestry Marketing and Management
174 Airport Road
P.O. Box 1267
Rockingham, N.C. 28380
Office 910 997-2248 ~ Fax 910 895-1530
Jon McBeth, NC/SC Registered Forester
Invitation to Bid on Standing Timber
Thursday, August 29, 2019 at 11:00 A.M.
Vance County, N.C.
+ / - 80.9 Sale Acres
Estimated Saw Timber
Scribner 78 Chip-n-saw 42.5 MBF 297 tons
Scribner 78 Pine +/- 618 MBF
Doyle 78 Yellow Poplar +/- 280.9 MBF
Doyle 78 White Oak +/- 21.4 MBF
Doyle 78 Red Maple +/- 12.5 MBF
Doyle 78 Sweet Gum +/- 94.5 MBF
Doyle 78 Hickory +/- 19.9 MBF
Doyle 78 Red Oak +/- 8.0
Doyle 78 Misc Oak +/- 69.4
Pine +/- 69 Tons
Hardwood +/- 1163 Tons
Pallet wood +/- 308 Tons
This timber sale area is comprised of +/- 80.9 timbered acres of older natural pine and hardwood. There are several streams on the property with marked stream management zones. The sale area has frontage and several good access points to Southernland Mill Rd (NCSR 1523). The terrain is flat to slightly rolling. The property exterior boundary lines are painted yellow or flagged. Stream Management Zones (SMZ) are indentified with blue paint.
The sale area is located on a portion of property described in Deed Book 1255 Page 646, Deed Book 1213 Page 085, and Deed Book 1339 Page 690 of the Vance County Register of Deeds. The tract is also referenced at Plat slide Y-6 and slide Y-234. The property is further identified as a portion of Vance Co tax parcels # 2902-65-6172, 2902-87-5794, and 2902-85-6571 . The site is located 7 miles west of the City of Henderson. (See location map).
Note this property is product of two platted adjoining properties and there are areas within the sale area where the old property lines appear within the sale area. These boundary trees that are within the designated sale area are included in the timber sale. There is a combination lock on the gate at Southernland Mill Rd. a combination lock is set to 2248, please shut and lock the gate after your inspections.
Method of Sale
Sealed bids will be accepted for the standing timber. Please indentify your bid as the Southernland Mill Pond, LLC / Wilson Creek Reserve, LLC tract. All merchantable timber as shown on the attached timber sales map is offered for sale under the terms and conditions listed below except areas designated as stream management zones (see specific terms below). Also, all timber is excluded is the 50 foot buffer along the lake marked in orange paint. (see sales map) The sealed bid sale will be conducted on Thursday, August 29, 2019 at 11:00 A.M. at the conference room in the Baymont by Wyndham Henderson Oxford hotel at 400 N Cooper Dr, Henderson, NC 27536. Fax bids and phone bids will be accepted until 10:30 a.m. the morning of the bid opening to phone (910) 997-2248, fax (910) 895-1530. The prevailing bid is subject to confirmation and approval by the US Bankruptcy Court for the Eastern District of North Carolina (the “Bankruptcy Court”) in connection with the Chapter 11 Plan of O. William Faison, Case No. 14-00073-5-SWH. Any party submitting a bid is deemed to have consented to the jurisdiction of the Bankruptcy Court to hear and enter final orders to resolve any dispute arising out of the auction and to enforce any and all aspects of the sale. The purchase price, less any deposit made, shall be due and payable in full within 30 days after entry of an Order confirming the sale.
At the discretion of Iron Horse Auction Co., the accepted bid may require a deposit of 10% within 24 hours of the sale.
Please refer to www.ironhorseauction.com for aerial photos and other information regarding this sale. Stand tables will be made available upon request. Neither the Seller nor the agent guarantees the inventoried volume data as it is provided for general information to better describe the sale.
Conditions of Timber Sale