One Page Real Estate Purchase by yxz71908

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									REAL ESTATE TERM SHEET
  Offered By:                                          Sale Prices For Industrial Use:                     Realtor Commission Rates
  River Ridge Development Authority (RRDA).            Parcel 5 - $45,000 per acre                         Lease Commission Rate
                                                       Parcel 9A - $32,000 per acre                        • 6% of annual rent for years 1 through 5
  Owner:                                               Parcel 10 - $32,000 per acre                        • 2% of annual rent for years 6 through 10
  River Ridge Development Authority and United         Parcel 11 - $32,000 per acre                        • 50 % of commission payable at lease
  States Army                                          Parcel 12 - $40,000 per acre                          execution
                                                       Parcel 13 - $32,000 per acre                        • 50 % of commission payable at start of
  Interest Offered:                                                                                          construction
                                                       Initial Date for Proposals to be
  Sub-lease with an option to purchase at not less     Opened & Considered:                                Sales Commission Rate
  than the price designated herein                                                                         • 6% of sales price, minus prior lease com-
  according to use and acreage.                        The RRDA is accepting proposals in its                missions, payable at closing
                                                       office and will continue accepting proposals until
  Real Estate Offered:                                 the parcels are disposed of.                        Title Insurance:
  Parcels 5, 9A, 10, 11, 12 ,13 are for sale. The      Factors to be Considered in                         The RRDA will provide title insurance commit-
  parcels are shown on the map on the next page.       Evaluating Proposals:                               ment to purchaser at closing. Title insurance
                                                                                                           premiums will be at purchaser’s cost.
  Infrastructure Provided by                           • Size and character of the proposed
  Development Authority:                                 improvements to be made by bidder.                Acceptance or Rejection of
                                                       • Bidders’ plans and ability to improve the         Proposals:
  Road and utilities infrastructure to site boundary     property.
  as described in the Preliminary Engineering          • Plans to sell or rent the improved                The acceptance or rejection of any and all de-
  Report prepared by QK4, dated August 2002 on           property.                                         velopment proposals will be determined by the
  file in the office of the RRDA.                        • Bidder’s proposed lease or purchase               Board Members of the River Ridge
                                                         price.                                            Development Authority (RRDA) in an open public
  Parcel Sizes:                                        • Identification of beneficiaries and the             meeting of the RRDA.
                                                         settlor of any trust that submits an offer.
  Parcel 5 - 8 +/- acres                               • The amount of jobs, wages, and / or               Legal Ad / Public Notice:
  Parcel 9A - 37 +/- acres                               investment to result from proposed project.
  Parcel 10 - 69 +/- acres                             • Any factors to insure that execution of           The River Ridge Development Authority is
  Parcel 11 - 27+/- acres                                the proposed development plan will benefit         offering, for sale or lease, real estate at the
  Parcel 12 - 25 +/-acres                                the community.                                    River Ridge Commerce Center® in Clark Coun-
  Parcel 13 - 29 +/- acres                                                                                 ty, Indiana. Copies of the real estate term
                                                       Required Minimum Contents of                        sheet with proposal submission specifications
  Permitted Uses:                                      Proposal Package:                                   are available at the office of the River Ridge
                                                                                                           Development Authority, 6200 E. Highway 62,
  Industrial / Commercial / Office as approved by       • Identification of real estate for which the        Jeffersonville, Indiana 47130. The specifica-
  the RRDA.                                              proposal is submitted.                            tions are also located on the web at www.
                                                       • Proposed use of real estate.                      riverridgecc.com. The River Ridge Develop-
  Development Standards:                               • Size and character of proposed real               ment Authority is accepting proposals in its
                                                         estate development.                               office until the parcels are disposed of. The
  The Development Covenants adopted by the             • Preliminary development plan showing              River Ridge Development Authority reserves
  RRDA are on file in the RRDA office and at www.          site plan and elevations.                         the right to not accept any proposal not in
  riverridgecc.com and must be complied with.          • Schedule for development.                         conformance with its development plans,
                                                       • Preliminary commitment for financing               covenants, and specifications. Telephone
  Development Schedule:                                  development.                                      812-285-8979.
                                                       • Identification of developer, including all
  All required building and construction permits         persons, firms, partnerships and corpora-
  shall be obtained and substantial construction         tions who propose to own, lease, use, or
  activity must be underway within one year              acquire any interest in any portion of
  of sublease approval. Construction shall be            the proposed development.
  completed and certificates of occupancy issued        • Non-collusion affidavit (available from
  within 2 years of sublease approval. It is             the RRDA)
  intended that the land be used for development       • Letter granting permission for the RRDA
  rather than for speculation.                           to conduct credit and reference checks of the
                                                         developer/lessee/purchaser.
  Minimum Price to be Considered:                      • Letter committing for project to conform
                                                         to the RRCC Development Covenants.
  100% of the minimum price designated herein          • Letter showing the amount of dollars bid to
  and shown below:                                       purchase or lease the real estate.                                             As of July 2, 2007



                Owned and Managed by River Ridge Development Authority 6200 E. Highway 62, Bldg. 2501, Ste. 600 Jeffersonville, IN 47130
                             [P] 812-285-8979 [F] 812-285-8983 [E] Info@RiverRidgeCC.com [W] www.RiverRidgeCC.com
PARCEL 5       8 +/- acres                             PARCEL 12 25 +/- acres
INDUSTRIAL USE                                         INDUSTRIAL USE
 Sale Price     $45,000 acre                            Sale Price    $40,000 acre




                                                                                                                       N
COMMERCIAL USE                                         COMMERCIAL USE




                                                                                                                   STOW
 Sale Price    $175,000 acre                            Sale Price    $125,000 acre
                                                                                                                               13




                                                                                                              ARLE
PARCEL 6       28 +/- acres                            PARCEL 13 29 +/- acres




                                                                                                               H
                                                                                                           TO C
PENDING                                                INDUSTRIAL USE
                                                        Sale Price    $32,000 acre
                                                       COMMERCIAL USE
PARCEL 9A 37 +/- acres                                  Sale Price    $125,000 acre
INDUSTRIAL USE
 Sale Price    $32,000 acre
                                                                                                                    12
COMMERCIAL USE
 Sale Price    $125,000 acre




                                                                                                                                  
PARCEL 10 69 +/- acres                                                                                  11                           NE
INDUSTRIAL USE
 Sale Price    $32,000 acre
COMMERCIAL USE
 Sale Price    $125,000 acre                                        6     2
                                                                 AY
                                                           HI GHW                       10
PARCEL 11 27 +/- acres
INDUSTRIAL USE
 Sale Price    $32,000 acre
COMMERCIAL USE
 Sale Price    $125,000 acre                                 9A
                                 E
                              VILL
                            SON
                        FFER
                          E
                     TO J
                  




                  PEN
                     D     ING
                                                                                           AVA I L A B L E D E V E LO P M E N T S

              5
               Owned and Managed by River Ridge Development Authority 6200 E. Highway 62, Bldg. 2501, Ste. 600 Jeffersonville, IN 47130
                            [P] 812-285-8979 [F] 812-285-8983 [E] Info@RiverRidgeCC.com [W] www.RiverRidgeCC.com

								
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