219.8 acre feet of consumptive use offered in 19 water lots; water lot size ranges: 7± Acre Feet, 10± Acre Feet, & 20± Acre Feet. Starting bid is $2,500 per acre foot. Maybe transferred to other zones within CCWCD (GMS) but buyer needs to verify with CCWCD if their wells qualify. Transfer subject to CCWCD approval. Available for 2025 irrigation season.
Participants can bid online during auction or submit bids in person on October 31, 2024, from 9:00 am to 12:00 pm, Reck Agri Auction Center, 535 E. Chestnut St, Sterling, CO 80751.
ONLINE BIDDING PROCEDURE: The CCWCD (GMS) Irrigation Water Allotment (219.8 AF) Auction will be offered for sale in 19 water lots.
BIDDING WILL BE ONLINE ONLY. Bidding will begin @ 8:00 am MT on October 31, 2024. The auction will “soft close” @ 12:00 noon, MT on October 31, 2024. Bidding remains open on all water lots as long as there is continued bidding on 1 or more of the water lots. Bidding will close when 5 minutes have passed with no new bids. Bidders may bid on any and/or all water lots at any time before bidding closes.
To bid at the online auction:
1. Download RECK AGRI MOBILE APP through the Apple App Store or Google Play OR visit reckagri.com and click on the CCWCD (GMS) IRRIGATION WATER ALLOTMENT (219.8 AF) AUCTION property page to register to bid.
2. Your registration must be approved by Reck Agri Realty & Auction before you may bid. See Bidder Requirements below.
3. If you have questions regarding the bidding process and/or registration, call Reck Agri Realty & Auction at 970-522-7770.
BIDDER REQUIREMENTS: Requirements for Buyer(s) to be approved to bid online: 1.) Review and agree to the full terms and conditions of the Due Diligence Packet; and 2.) Provide Reck Agri Realty & Auction verification of available funds to purchase the water lots and/or bank loan approval letter with no contingencies. Reck Agri Realty & Auction reserves the right to refuse registration to bid and/or bids from any bidder. Bidding increments are at the discretion of the Broker. Due Diligence Packet may be obtained by visiting CCWCD (GMS) IRRIGATION WATER ALLOTMENT (219.8 AF) AUCTION property page at reckagri.com or by calling Reck Agri Realty & Auction.
SALE TERMS/PROCEDURE: The “CCWCD (GMS) IRRIGATION WATER ALLOTMENT (219.8 AF) AUCTION” is an online only auction with NO RESERVE. The CCWCD (GMS) Irrigation Water Allotment (219.8 AF) Auction to be offered in 19 water lots. Competitive bids will determine the outcome of the auction. Seller reserves the right to accept or reject any and all bids. Seller agrees not to accept and negotiate any contracts to purchase prior to auction date. Bids will be taken for total purchase price not price per acre foot. Starting bids for each water lot are $2,500 / acre foot.
SIGNING OF PURCHASE CONTRACT: Immediately following the closing of the auction, the highest bidder(s) will sign Brokerage Disclosure and will enter into and sign a Contract to Purchase Irrigation Water for the amount of the bid. Required earnest money deposit to be in the form of a check or wire for 15% of the purchase price which is due upon the signing of the contract and to be deposited with Reck Agri Realty & Auction. Contract to Purchase Irrigation Water will not be contingent upon financing. Terms and conditions of the Due Diligence Packet and announcements shall be incorporated and made a part of the contract. Sample contract is available within the Due Diligence Packet. Buyer(s) to immediately complete and submit the Petition to Transfer Water Allotment Contract with CCWCD on or before November 12, 2024.
CLOSING: Buyer(s) shall pay in good funds (cashier’s check or wire), the balance of purchase price plus their respective closing costs, and sign and complete all customary or required documents at closing, which is on or before December 6, 2024. Closing to be conducted by Reck Agri Realty & Auction.
TITLE: Seller to transfer their rights to their CCWCD Irrigation Water Allotment Contracts by Petition To Transfer Water Allotment Contract free and clear of all liens. Transfer is subject to approval of the CCWCD Board of Directors.
WATER RIGHTS: The Irrigation Water Allotment Contract is subject to the rules, regulations, and limitations of the Colorado Department of Water Resources and Central Colorado Water Conservancy District. The Irrigation Water Allotment Contract is being sold AS IS-WHERE IS without warranty or guarantee of any water right matters, adequacy and/or delivery. Buyer(s) to pay 2025 assessment and thereafter.
ANNOUNCEMENTS: The information contained herein has either been given to us by the owner of the CCWCD Irrigation Water Allotment Contract or obtained from sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. Reck Agri Realty & Auction and the Seller assume no responsibility for the omissions, corrections, or withdrawals. The prospective Buyer(s) should verify all information contained herein. Irrigation Water Allotment Contract acres are being sold AS IS-WHERE IS, without warranty, representation or recourse to Seller. Reck Agri Realty & Auction and all other agents of Broker are or will be acting as a Transaction Broker. Reck Agri Realty & Auction does not offer broker participation for the “CCWCD (GMS) IRRIGATION WATER ALLOTMENT (219.8 AF) AUCTION”. Reck Agri Realty & Auction reserves the right to require bank references upon request and reserves the right to refuse bids from any bidder. Bidding increments are at the discretion of the Broker.
COPYRIGHT: Photographs, videos, Color Brochure & Due Diligence Packets are property of Reck Agri Realty & Auction and cannot be reproduced without permission.
NOTICE TO PROSPECTIVE BUYER(S): The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. Reck Agri Realty & Auction and the Seller assumes no responsibility for the omissions, corrections, or withdrawals. The location and aerial maps are not intended as a survey and are for general location purposes only. The prospective Buyer(s) should verify all information contained herein. All prospective buyers are urged to fully inspect the property, its condition and to rely on their own conclusions. All equipment and improvements are to be sold AS IS-WHERE IS, without warranty, representation, or recourse to Seller.
