JOHNSON COUNTY DEVELOPMENT LAND AUCTION NORTH LIBERTY, IOWA The land is located at 350 West Penn Street, North Liberty, Iowa From the intersection of Highway 965 & West Penn Street, proceed ¼ mile east on West Penn Street. Auction to be held at the North Liberty Community Center, Gerdin Conference Center, 520 W. Cherry Street, North Liberty, Iowa. THURSDAY, SEPTEMBER 29, 2016 AT 10:00 A.M. 7.43 Acres M/L – Sells in One Tract LAND DEVELOPMENT OPPORTUNITY Auctioneer’s Note: This is an Absolute Auction, selling to the highest bidder without reserve! This auction is selling by Court Order and will be transferred by Court Officer’s Deed and is subject to Court approval. 7.43 Acres M/L – Sells in One Tract This auction presents an excellent land development opportunity in the growing community of North Liberty, Iowa. This property has frontage on West Penn Street and provides multiple possibilities. Land is comprised of two tax parcels: 3.04 taxable acres currently zoned C-1-B, Commercial, General and the second parcel is 4.39 taxable acres currently zoned I-1, Industrial, Light. The land has two curb entrances off of Penn Street, a blacktop parking area and a well on the property. Terms: 10% down payment on September 29, 2016. Balance at closing with a projected date of November 7, 2016 upon delivery of merchantable abstract and Court Officer’s deed and all objections have been met. Possession: Projected date of November 7, 2016. Real Estate Taxes: To be prorated to date of possession on the basis of the last available tax statement. Seller shall pay any unpaid real estate taxes payable in prior years. The following taxes are approximate: Gross/Net Taxes: $10,314.00 Special Provisions: • Land will be sold lump sum price. • This auction sale is not contingent upon Buyer’s financing or any other Buyer contingencies. • Seller shall not be obligated to furnish a survey. • If in the future a site clean-up is required it shall be at the expense of the buyer. • This real estate is selling subject to any and all covenants, restrictions, encroachments and easements, as well as all applicable zoning laws. • The buyer acknowledge that they have carefully and thoroughly inspected the real estate and are familiar with the premises. The buyer are buying this real estate in its "as is" condition and there are no expressed or implied warranties pertaining to the same. • Any announcements made the day of sale take precedence over advertising. Owners: Kirk A. Schmidt Thaddeus Cosgrove – Attorney for Kirk A. Schmidt and Jerry Slocum Kirsten H. Frey – Attorney for Jerry Slocum For more information contact Nate Larson of Steffes Group at 319.385.2000 or 319.931.3944(cell)