5
Cookies help us deliver our services. By using our services, you agree to our use of cookies.
Accept Cookies Learn MoreLot
5
For GD Auctions & Appraisals delivery information please telephone 780-447-2787.
CLICK HERE FOR THE BIDDER APPROVAL PACKAGE
CLICK HERE FOR THE ASSET AND REAL ESTATE PURCHASE AGREEMENT
PLEASE NOTE THE SPECIAL TERMS AND CONDITIONS FOR THIS SALE. COMPLETION OF THE BIDDER APPROVAL PACKAGE AND DEPOSIT RECEIVED BY GD AUCTIONS IS REQUIRED BEFORE BIDDER WILL BE APPROVED.
Viewing Monday March 15, 2021 12:00PM-5:00PM BY APPOINTMENT ONLY. Please Contact Michael Seidel at 780-969-3018 OR michael.seidel@colliers.com to book your viewing appointment.
Sale of Properties and Real Estate Auction – Terms and Conditions
(b) Approved Bidders may submit bids to purchase an individual Property at any time prior to the Auction Closing (a “Bid”). Any Bid submitted after Auction Closing shall not be considered by the Vendor;
(c) the Properties are being offered for sale on an “as is, where is basis”;
(d) the sale of the Properties are subject to the Court Approval Condition;
(e) Bids shall not be contingent on the Approved Bidder’s ability to obtain financing;
(f) Bids may not be rescinded or revoked once they are submitted to the Kalco Unreserved Auction and shall remain open for consideration and acceptance by the Vendor until an Unsuccessful Bid Notice has been delivered to the applicable Approved Bidder;
(g) Upon Auction Closing, the Vendor, in the Vendor’s absolute discretion, shall review the Bids, and in the event the Vendor elects to further consider any Bids, then without any obligation to accept any Bid, it (or the Auctioneer) shall notify the Approved Bidders of such Bids, in writing, that they must, within twenty four (24) hours:
(i) complete, execute and deliver to the Vendor an Asset and Real Estate Purchase Agreement in the form required by the Vendor (the “APA”); and
(ii) pay a deposit, to the Vendor (or its legal representative) in the amount of 25% of the Purchase Price, to be used in accordance with the APA (if accepted by the Vendor in accordance with Paragraph 3(h) below) (the “Bid Deposit”).
In the event the APA and the Bid Deposit is not delivered by an Approved Bidder to the Vendor within twenty four (24) hours of being requested to do so, the Vendor may, in its sole discretion, deliver to such Approved Bidder, or its legal representative, an Unsuccessful Bid Notice, and in that event, the Vendor shall have no responsibility or obligation to sell the Property or Properties to such Approved Bidder and shall return any Bid Deposit paid to the Vendor in accordance with Paragraph 3(h)(ii) (if any);
(h) In the event the provision of Paragraph 3(h) is complied with by an Approved Bidder, and the Vendor determines, in its absolute discretion, to accept a Bid or Bids, it shall execute and deliver to an Approved Bidder, at the address provided by the Approved Bidder in the APA, a fully executed APA; and the Bid Deposit shall be held in trust in accordance with the terms and conditions of the APA. The balance of the Purchase Price shall be paid on or before closing (in accordance with and as defined in the APA);
(i) the Vendor reserves the right to accept a Bid, in its absolute discretion, and the Vendor is under no obligation to accept the highest Bid for any Property or under any obligation to accept any Bid;
(j) a Bid shall remain open for acceptance by the Vendor until such time as the Vendor notifies the Approved Bidder, in writing to the email address provided by the Approved Bidder, that its Bid is not acceptable to the Vendor (the “Unsuccessful Bid Notice”), and upon the Unsuccessful Bid Notice being given, the Vendor shall have no obligation or responsibility to sell a Property or the Properties to such Approved Bidder, and the Auctioneer shall within three (3) business days of the Unsuccessful Bid Notice, return to the Approved Bidder the Participation Deposit, and if applicable, the Vendor shall return the Bid Deposit; and
(k) all Unsuccessful Bid Notices will be delivered by no later than 5pm Mountain Standard Time March 26, 2021.
(b) En Bloc Offers must be delivered to the Vendor, in a sealed envelope, addressed to:
The Bowra Group Inc.
1411 TD Tower
10088 – 102 Avenue
Edmonton, Alberta, T5J 2Z1
Attention: Kristin Gray
(c) All En Bloc Offers must be received by the Vendor no later than 3:00pm Mountain Standard Time on March 19, 2021 (the “En Bloc Offer Deadline”);
(d) En Bloc Offers received by the Vendor after the En Bloc Offer Deadline will not be considered by the Vendor;
(e) En Bloc Offers must be submitted to the Vendor using the APA, Article 3.1 must specify the proposed purchase price for the Properties (the “En Bloc Purchase Price”), Article 5.1 must specify the GST Registration Number of the proposed purchaser (the “En Bloc Offeror”), Article 11.2.2 must be completed and it must be duly executed by the En Bloc Offeror;
(f) En Bloc Offers must be accompanied with a deposit in the amount of 25% of the Purchase Price, to be used in accordance with the APA (if accepted by the Vendor in accordance with Paragraph 4(m) below) (the “En Bloc Offer Deposit”);
(g) the En Bloc Offer Deposit must be submitted to the Vendor in the form of a Certified Cheque or bank draft, payable to The Bowra Group Inc.;
(h) the Properties must be purchased on an “as is, where is basis”;
(i) the sale of the Properties are subject to the Court Approval Condition;
(j) An En Bloc Offer shall remain open for acceptance by the Vendor until such time as the Vendor notifies the En Bloc Offeror in writing, to the email address provided by the En Bloc Offeror in the En Bloc Offer, that its En Bloc Offer is not acceptable to the Vendor (the “Unsuccessful En Bloc Offer Notice”), and upon the Unsuccessful En Bloc Offer Notice being given, the Vendor shall have no obligation or responsibility to sell the Properties to such En Bloc Offeror, and shall within Three (3) business days of the Unsuccessful En Bloc Offer Notice being given, return to the En Bloc Offeror the En Bloc Offer Deposit.
(k) En Bloc Offers must be unconditional, may not be revoked by the En Bloc Offeror and En Bloc Offer Deposits shall not be returned or refunded by the Vendor unless and until it has delivered an Unsuccessful En Bloc Offer Notice, in writing, to an En Bloc Offeror;
(l) The Vendor will not unseal any En Bloc Offer, and will not review or consider any En Bloc Offer until Auction Closing;
(m) In the event the Vendor determines, in its absolute discretion, to accept an En Bloc Offer, it shall execute and deliver to the En Bloc Offeror, at the address provided by the En Bloc Offeror in the APA, a fully executed APA; and the En Bloc Offer Deposit shall be held in trust in accordance with the terms and conditions of the APA. The balance of the Purchase Price shall be paid on or before closing (in accordance with and as defined in the APA);
(n) The Vendor reserves the right to accept an En Bloc Offer, in its absolute discretion, and the Vendor is under no obligation to accept the Highest En Bloc Offer or under any obligation to accept any En Bloc Offer; and
(o) All Unsuccessful En Bloc Offer Notices shall be delivered by no later than 5pm Mountain Standard Time March 26, 2021.
(b) the APA;
(c) the Kalco Unreserved Auction Terms and Conditions; and
(d) the En Bloc Terms and Conditions.
Appendix "1"
Auction Lot #
|
Civic Address
|
Legal Address
|
Site Area (acres)
|
Lot #1
|
56302 Range Road 224
|
4;22;56;20;SW(E1/2) 4;22;56;20;SE
|
239.00
|
Lot #2
|
SW corner of RR 224 & AB 643
|
4;22;56;8;NE
|
136.72
|
Lot #3
|
SE corner of RR 225 & TWP 564
|
4;22;56;20;NW
|
154.02
|
Lot #4
|
NW corner of RR 224 & TWP 564
|
4;22;56;29;SE
|
153.52
|
Lot #5
|
22422 Township Road 564
|
4;22;56;29;SW
|
160.00
|
Lot #6
|
NW of RR 225 & TWP 564
|
Plan 0922546 Block 2 Lot 2
|
77.34
|
Lot #7
|
56515 Range Road 233
|
Plan 8022100 Lot 1
|
80.80
|
Lot #8
|
56515 Range Road 233
|
Plan 1723349 Block 1 Lot 5
|
40.08
|
Lot #9
|
23217 Township Road 564
|
Plan 0840686 Block 1 Lot 4
|
79.42
|
Lot #10
|
Range Rd 233, South of TWP 564
|
Plan 0840686 Block 1 Lot 2
|
2.47
|
|
|
|
1123.37
|
Your question has been sent to the auctioneer.
There was an error sending your enquiry, why not try again later
For GD Auctions & Appraisals delivery information please telephone 780-447-2787.
CLICK HERE FOR THE BIDDER APPROVAL PACKAGE
CLICK HERE FOR THE ASSET AND REAL ESTATE PURCHASE AGREEMENT
PLEASE NOTE THE SPECIAL TERMS AND CONDITIONS FOR THIS SALE. COMPLETION OF THE BIDDER APPROVAL PACKAGE AND DEPOSIT RECEIVED BY GD AUCTIONS IS REQUIRED BEFORE BIDDER WILL BE APPROVED.
Viewing Monday March 15, 2021 12:00PM-5:00PM BY APPOINTMENT ONLY. Please Contact Michael Seidel at 780-969-3018 OR michael.seidel@colliers.com to book your viewing appointment.
Sale of Properties and Real Estate Auction – Terms and Conditions
(b) Approved Bidders may submit bids to purchase an individual Property at any time prior to the Auction Closing (a “Bid”). Any Bid submitted after Auction Closing shall not be considered by the Vendor;
(c) the Properties are being offered for sale on an “as is, where is basis”;
(d) the sale of the Properties are subject to the Court Approval Condition;
(e) Bids shall not be contingent on the Approved Bidder’s ability to obtain financing;
(f) Bids may not be rescinded or revoked once they are submitted to the Kalco Unreserved Auction and shall remain open for consideration and acceptance by the Vendor until an Unsuccessful Bid Notice has been delivered to the applicable Approved Bidder;
(g) Upon Auction Closing, the Vendor, in the Vendor’s absolute discretion, shall review the Bids, and in the event the Vendor elects to further consider any Bids, then without any obligation to accept any Bid, it (or the Auctioneer) shall notify the Approved Bidders of such Bids, in writing, that they must, within twenty four (24) hours:
(i) complete, execute and deliver to the Vendor an Asset and Real Estate Purchase Agreement in the form required by the Vendor (the “APA”); and
(ii) pay a deposit, to the Vendor (or its legal representative) in the amount of 25% of the Purchase Price, to be used in accordance with the APA (if accepted by the Vendor in accordance with Paragraph 3(h) below) (the “Bid Deposit”).
In the event the APA and the Bid Deposit is not delivered by an Approved Bidder to the Vendor within twenty four (24) hours of being requested to do so, the Vendor may, in its sole discretion, deliver to such Approved Bidder, or its legal representative, an Unsuccessful Bid Notice, and in that event, the Vendor shall have no responsibility or obligation to sell the Property or Properties to such Approved Bidder and shall return any Bid Deposit paid to the Vendor in accordance with Paragraph 3(h)(ii) (if any);
(h) In the event the provision of Paragraph 3(h) is complied with by an Approved Bidder, and the Vendor determines, in its absolute discretion, to accept a Bid or Bids, it shall execute and deliver to an Approved Bidder, at the address provided by the Approved Bidder in the APA, a fully executed APA; and the Bid Deposit shall be held in trust in accordance with the terms and conditions of the APA. The balance of the Purchase Price shall be paid on or before closing (in accordance with and as defined in the APA);
(i) the Vendor reserves the right to accept a Bid, in its absolute discretion, and the Vendor is under no obligation to accept the highest Bid for any Property or under any obligation to accept any Bid;
(j) a Bid shall remain open for acceptance by the Vendor until such time as the Vendor notifies the Approved Bidder, in writing to the email address provided by the Approved Bidder, that its Bid is not acceptable to the Vendor (the “Unsuccessful Bid Notice”), and upon the Unsuccessful Bid Notice being given, the Vendor shall have no obligation or responsibility to sell a Property or the Properties to such Approved Bidder, and the Auctioneer shall within three (3) business days of the Unsuccessful Bid Notice, return to the Approved Bidder the Participation Deposit, and if applicable, the Vendor shall return the Bid Deposit; and
(k) all Unsuccessful Bid Notices will be delivered by no later than 5pm Mountain Standard Time March 26, 2021.
(b) En Bloc Offers must be delivered to the Vendor, in a sealed envelope, addressed to:
The Bowra Group Inc.
1411 TD Tower
10088 – 102 Avenue
Edmonton, Alberta, T5J 2Z1
Attention: Kristin Gray
(c) All En Bloc Offers must be received by the Vendor no later than 3:00pm Mountain Standard Time on March 19, 2021 (the “En Bloc Offer Deadline”);
(d) En Bloc Offers received by the Vendor after the En Bloc Offer Deadline will not be considered by the Vendor;
(e) En Bloc Offers must be submitted to the Vendor using the APA, Article 3.1 must specify the proposed purchase price for the Properties (the “En Bloc Purchase Price”), Article 5.1 must specify the GST Registration Number of the proposed purchaser (the “En Bloc Offeror”), Article 11.2.2 must be completed and it must be duly executed by the En Bloc Offeror;
(f) En Bloc Offers must be accompanied with a deposit in the amount of 25% of the Purchase Price, to be used in accordance with the APA (if accepted by the Vendor in accordance with Paragraph 4(m) below) (the “En Bloc Offer Deposit”);
(g) the En Bloc Offer Deposit must be submitted to the Vendor in the form of a Certified Cheque or bank draft, payable to The Bowra Group Inc.;
(h) the Properties must be purchased on an “as is, where is basis”;
(i) the sale of the Properties are subject to the Court Approval Condition;
(j) An En Bloc Offer shall remain open for acceptance by the Vendor until such time as the Vendor notifies the En Bloc Offeror in writing, to the email address provided by the En Bloc Offeror in the En Bloc Offer, that its En Bloc Offer is not acceptable to the Vendor (the “Unsuccessful En Bloc Offer Notice”), and upon the Unsuccessful En Bloc Offer Notice being given, the Vendor shall have no obligation or responsibility to sell the Properties to such En Bloc Offeror, and shall within Three (3) business days of the Unsuccessful En Bloc Offer Notice being given, return to the En Bloc Offeror the En Bloc Offer Deposit.
(k) En Bloc Offers must be unconditional, may not be revoked by the En Bloc Offeror and En Bloc Offer Deposits shall not be returned or refunded by the Vendor unless and until it has delivered an Unsuccessful En Bloc Offer Notice, in writing, to an En Bloc Offeror;
(l) The Vendor will not unseal any En Bloc Offer, and will not review or consider any En Bloc Offer until Auction Closing;
(m) In the event the Vendor determines, in its absolute discretion, to accept an En Bloc Offer, it shall execute and deliver to the En Bloc Offeror, at the address provided by the En Bloc Offeror in the APA, a fully executed APA; and the En Bloc Offer Deposit shall be held in trust in accordance with the terms and conditions of the APA. The balance of the Purchase Price shall be paid on or before closing (in accordance with and as defined in the APA);
(n) The Vendor reserves the right to accept an En Bloc Offer, in its absolute discretion, and the Vendor is under no obligation to accept the Highest En Bloc Offer or under any obligation to accept any En Bloc Offer; and
(o) All Unsuccessful En Bloc Offer Notices shall be delivered by no later than 5pm Mountain Standard Time March 26, 2021.
(b) the APA;
(c) the Kalco Unreserved Auction Terms and Conditions; and
(d) the En Bloc Terms and Conditions.
Appendix "1"
Auction Lot #
|
Civic Address
|
Legal Address
|
Site Area (acres)
|
Lot #1
|
56302 Range Road 224
|
4;22;56;20;SW(E1/2) 4;22;56;20;SE
|
239.00
|
Lot #2
|
SW corner of RR 224 & AB 643
|
4;22;56;8;NE
|
136.72
|
Lot #3
|
SE corner of RR 225 & TWP 564
|
4;22;56;20;NW
|
154.02
|
Lot #4
|
NW corner of RR 224 & TWP 564
|
4;22;56;29;SE
|
153.52
|
Lot #5
|
22422 Township Road 564
|
4;22;56;29;SW
|
160.00
|
Lot #6
|
NW of RR 225 & TWP 564
|
Plan 0922546 Block 2 Lot 2
|
77.34
|
Lot #7
|
56515 Range Road 233
|
Plan 8022100 Lot 1
|
80.80
|
Lot #8
|
56515 Range Road 233
|
Plan 1723349 Block 1 Lot 5
|
40.08
|
Lot #9
|
23217 Township Road 564
|
Plan 0840686 Block 1 Lot 4
|
79.42
|
Lot #10
|
Range Rd 233, South of TWP 564
|
Plan 0840686 Block 1 Lot 2
|
2.47
|
|
|
|
1123.37
|