Auction Information
470 Acres in Covington, OK
470 +/- Acres * Garfield Co., OK * Covington Area
Date:
Thursday, August 6, 2009
Time:
10:00 a.m.
Location:
The Covington Fire Station on Main St., Covington, OK
Seller: The Doyle Meyer Estate
Farm #1: 160 +/- acres located 2 mi. N. and 3 mi. W. of Covington OR 1 mi. S. and 3 ½ mi. E. of Fairmont. According to the F.S.A. there are approximately 153.98 acres of cropland with an approximately 149 acre wheat base and 37 bushels per acre yield. Principal soil types are Kirkland Silt loam, Class 2 and Kirkland-Renfrow Complex, Class 3 with a small amount of Rentham-Marsham Complex, Tabler Silt loam, and Grainola, Ashport & Grant soils. Legal: NE/4 of 32-22-4.
Farm #2: 160 +/- acres joining #1 on the South. According to the F.S.A. there are approximately 156.41 acres of cropland with an approximately 151.3 acre wheat base and 37 bushels per acre y...
Farm #2: 160 +/- acres joining #1 on the South. According to the F.S.A. there are approximately 156.41 acres of cropland with an approximately 151.3 acre wheat base and 37 bushels per acre yield. Principal soil types are Kirkland Silt loam, Class 2 and Kirkland –Renfrow Complex, Class 3 with a small amount of Rentham-Marsham Complex. Legal: SE/4 of 32-22-4
Farm #3: 150+/- acres across the road South from Farm #2. According to the F.S.A. there are approximately 147.85 acres of cropland with an approximately 143.1 acre wheat base and 37 bushels per acre yield. Principal soil types are Kirkland Silt loam, Class 2 and Kirkland-Renfrow Complex, Class 3 with a small amount of Rentham-Marsham Complex. Legal: NE/4 of 5-21-4.
General Statements
Order of Auction: Farms #1 and #2 will be offered separately, then together. Farm #3 will be offered separately. Taxes: will be prorated to closing Possession: upon acceptance of the escrow deposit and signing the purchase contract. R.E.S. (Wind Lease): Land sells subject to an existing 3 year lease for wind power which will transfer to the Buyer. Sellers will retain the lease payments of $6.00 per acre for the first year. Buyer shall be entitled to the lease payments of $6.00 per acre for the 2nd year and $7.00 per acre for the 3rd year. Minerals: will be auctioned immediately after the auction of the surface. Minerals appear to be open for lease. Terms: 10% down with balance due upon delivery of merchantable title. Announcements made day of auction take precedence.