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1. BIDDER REGISTRATION:
The auction is open to the public and all bidders are required to register
with the auctioneer to receive a bidder’s card. Bidder Registration will
begin at 9:00 A.M. on Auction Day.
2. PREVIEWS:
The assets will be available for previews two hours prior to the auction. All
assets are offered and sold in As-Is condition without warranty. Bidders are
encouraged to preview the items included in this auction.
3. GENERAL TERMS:
These items are being sold pursuant to an Order of The United States
Bankruptcy Court and will be sold to the highest bidder, individually or in
bulk at the discretion of the Trustee and/or Auctioneer.
The auction will be conducted in accordance with the Court Order granting in
part Trustee’s Motion for order authorizing sale by public auction of
substantially the assets of the Debtor free and clear of liens,
encumbrances and interests with liens, encumbrances and interests to attach
to the proceeds of sale entered by the Honorable Raymond B. Ray, Judge,
United States Bankruptcy Court. The auction is to be conducted on a cash
basis without credit bidding.
4. AUCTION FORMAT:
This auction is conducted By Order of The U.S. Bankruptcy Court in
accordance with the terms and conditions set forth in the order of the
Court. The assets will be offered in Bulk or By the
Piece. These trucks & trailers are offered in As-Is condition.
5. CURRENT STALKING HORSE OFFER:
The Trustee currently has a stalking horse offer in hand for all (3) trucks
and (4) trailers which will be used as the opening bid. The amount of the
stalking horse offer is $27,500.00 which includes a 10% Buyer’s Premium.
Increments in the advance of bids made at the auction will be at the
discretion of the auctioneer.
6. PAYMENT:
Payment in full is expected at the conclusion of the auction by Cash,
Cashier’s Checks or Money Orders. Corporate checks will be accepted when
accompanied by a current Bank Letter (made specifically for this auction and
addressed to National Auction Company) guaranteeing payment and subject to
verification at the time of Bidder’s registration. Bidders who leave the
auction site without paying in full are required to make a deposit in the
minimum amount of 25% and advise auction staff when they are returning with
the balance due.
7. FLORIDA SALES TAX:
All sales are subject to the rules of the Florida Department of Revenue.
Florida dealers with resale numbers must bring a certificate to the auction
which must be presented at the time final payment is made to the auctioneer.
Sales tax due for vehicles is payable by purchaser (s) at the time of title
transfer and registration.
8. BUYER’S PREMIUM:
A 10% Buyer’s Premium will be added to all top bids and included in the
total purchase price.
9. METHOD of SALE:
a. The method and order of sale will be at the auctioneer’s discretion.
b. Recognition of bid increments will be at the discretion of the
auctioneer. In the event items are offered and no bids are received, the
auctioneer may remove them from the order of sale and offer it a later time
during the auction or regroup them with other items. It is the intension of
the Trustee to sell all assets of the Debtor.
c. The auctioneer and/or Trustee reserve the right to add or delete any
items from the auction provided they are owned by those named in these
terms. The only assets included in this auction are those of Organic
Recovery, LLC.
d. The terms and conditions of sale may be changed by announcement from the
auction podium. Any such announcement will take precedence over previously
printed materials or oral statements made.
e. Bids will only be accepted from bidders who have registered with the
auctioneer.
f. In the event of disputes between bidders or tie bids, the auctioneer’s
decision will be final.
g. The Auctioneer reserves the right to sell the assets in bulk or by the
piece.
h. All information contained in the auction publication, newspaper ads, web
site or furnished by staff members is believed to be correct but is not
guaranteed. Bidders must rely upon their own information, judgment and
inspection of the assets offered.
i. All information contained in the auction
publication, newspaper ads, web site or furnished by staff members is
believed to be correct but is not guaranteed. Bidders must rely upon their
own information, judgment and inspection of the assets offered.
The auction will be audio or video taped to provide a record of the auction
event.
j. Purchasers are not permitted to resell items purchased during the auction
to third parties or reassign auction clerking tickets to other bidders.
10. REMOVAL:
The trucks and trailers can be removed upon
payment in full. Motor Vehicle Titles are in the
Trustee’s possession and will be provided to all top bidders upon payment in
full.
11. DIRECTIONS:
From I-95 - Exit at Atlantic Boulevard West
(North Exit 36, South Exit 36B) (Pompano Beach) and continue to
Andrews Avenue. At the traffic light, turn left and continue south on
Andrews Avenue to SW 2 Street and turn right. Continue on SW 2 Street to
Auction Site (southwest corner).
12. AUCTIONEER CONTACT INFORMATION:
If additional details are needed please contact George Richards at (954)
658-5033 (cell) or grichards@natlauction.com (E-mail). |
