RE/MAX Lloydminster

We are pleased to present the following lands located approximately two miles west of the Town of St. Walburg in the RM of Frenchman Butte for sale:

SE 01-54-23-W3: ISC 155.05 titled acres. Soil Final Rating ranges from 25 to 59, primarily Whitewood loam. SAMA profile designates 100 cultivated acres, with the balance pasture. 2021 SAMA assessment $137,900. 2023 property taxes $602.59. Access is from improved roads on both the north and east boundaries.

Property is fenced and currently seeded to tame forage. The number of cropable acres may vary from year to year with climate conditions, agronomic practice, and energy or utility company activity. 

https://www.google.com/maps/place/53%C2%B037'54.1%22N+109%C2%B015'19.3%22W/@53.631692,-109.255368,10z/data=!4m4!3m3!8m2!3d53.631692!4d-109.255368?entry=ttu

Tender Participation Details:

Initial bids must be submitted by Noon MST, Tuesday October 1, 2024.  For additional details or inquiries, contact Grant or Vern with The McClelland Group, RE/MAX of Lloydminster, (780) 808-2700 or email grant.m@progressivetender.com

Progressive Tender Steps:

Step 1: Submit Bid Document

· Download the Bid Document from the www.pfbtender.ca website, pick up a copy at the RE/MAX office, or ask for one to be emailed to you.

· Fill out the required details. Buyers must be GST registrants and provide their GST number.

· Obtain a bank draft or certified cheque of $10,000 made payable to "RE/MAX of Lloydminster in Trust."

· Place both items in a sealed envelope and label it "Passmore RM Frenchman Butte Tender."

· Deliver the envelope to RE/MAX of Lloydminster at 5726 – 44th Street, Lloydminster, AB T9V 0B6 by Noon MST, Tuesday October 1, 2024.  Attention: McClelland Group.

Step 2: Round Table Activity

· After the initial offers are opened, the Broker will contact each Bidder and inform them of the amount of the highest bid. Bidders will have until noon the following business day to submit a revised offer by phone, email, or text if they wish.

Step 3: Final Offer

· This "round table" process continues daily until every Bidder declares their Final Offer.

· If a Bidder doesn’t respond within the time limit or increase their bid by a minimum amount of 2% over the previous round’s highest offer, their last bid will automatically be declared as their Final Offer.

· Matching bids during progression rounds are discouraged.

Step 4: Confidentiality 

· All Bidder names are kept confidential and only revealed to the Seller with the bid history when the progression rounds conclude. Bid history is the sole possession of the Seller.

Step 5: Finalizing Purchase 

· The Seller reserves the right to reject any or all offers, engage in further negotiations on price or terms, and may award the sale of the subject property to the buyer of their choice.

· The successful Bidder must complete an unconditional Purchase Contract with the Broker within two business days of acceptance; a draft of which is available on the website. 

· The bid deposit shall increase to 5% of the purchase price and be submitted with the Purchase Contract. 

· Completion for possession is set for November 1, 2024 unless otherwise agreed.

Step 6: Diligence Activity, Legal and Accounting Costs

· All properties are sold “as is” and Bidders are encouraged to conduct their own diligence including appraisal for value and survey / real property reports.

· Each party is responsible for their own legal and accounting costs. There is no buyer transaction fee.

Step 7: Notification

· All Bidders will be notified about the outcome once a Purchase Contract is completed between the successful Buyer and Seller. Deposits from unsuccessful Bidders will be released in a timely manner by the Broker once the Purchase Contract is in place. 

The McClelland Group, Agricultural and Commercial Specialists with RE/MAX of Lloydminster, offers a full range of consulting services, land valuation, leasing, and real estate marketing to clients across Alberta and Saskatchewan. Call us today and start the conversation!

Grant McClelland – Direct (780) 871-4221 Email: grant.m@progressivetender.com

Vern McClelland - Direct (306) 821-0611 Email: vernmcclelland@remax.net